Glencore Share Discussion Threads

[kdr246] 08/12/2016 09:09

This appears to be a great deal for Glencore. Eur 300mm equity commitment, non-recourse, for a significant stake & 220kbpd oil offtake for 5 years, and a deal with two key partners. Very shrewd; I would expect nothing less from the best in the business.

[losses] 08/12/2016 08:06

So over 8% stake for $500 mil... sounds like a cracking deal.

[keifer derrin] 08/12/2016 06:26

Glencore and Qatar buy $11.3bn stake in Russia's largest oil company

[losses] 07/12/2016 21:47

Well we'l find out which way the share price moves.. I think we should clear 300 tomorrow.

[russell250] 07/12/2016 21:07

no need to slim down anymore

[losses] 07/12/2016 20:56

Is this good for GLENCORE? I thought we were slimming down??

[prewar] 07/12/2016 20:44

From bbc

Mining giant Glencore and Qatar's sovereign wealth fund have taken a 19.5% stake in state-controlled Russian oil company Rosneft, in a deal worth €10.5bn, the Kremlin has announced.

The long-planned sale is part of the Russian government's efforts to sell some state assets to help balance the budget amid a two-year recession.

Just last month, Rosneft reported a 77% fall in third-quarter profits as a result of lower oil prices.

[tsmith2] 07/12/2016 19:42

News after hrs

[losses] 07/12/2016 15:50

Let's have 300+ finish please

[sawadee3] 07/12/2016 14:13

£3 soon in the rear view mirror chaps :-)

[sawadee3] 07/12/2016 08:46

Legendary year chaps :-)

[losses] 07/12/2016 08:15

Plenty of fun on KAZ aswell... massive re-rating and a huuuuuge lesson to the shorters

[losses] 07/12/2016 08:13

Probably heading back to 350-400 with 2017 divi reinstated

[losses] 05/12/2016 17:49

Nice recovery... could have traded them again today... missed it was too busy

[tsmith2] 05/12/2016 16:41

Good strength

[losses] 05/12/2016 11:54

Hmm gone red!!

[losses] 03/12/2016 07:40

Glencore PLC?s (LON:GLEN) upbeat trading statement yesterday has prompted UBS to reiterate a ?buy? stance on the mining and metal trading titan. Ivan Glasenberg, chief executive, announced that it was close to completing its debt reduction programme and would now resume dividends with a US$1bn payout. From debts of US$30bn a little over a year ago, Glasenberg said it would finish this year with net debt of between US$16.5bn?US$17.5bn. UBS said it was a reassuring statement and still reckons the valuation is compelling even though the shares are up 200% this year. Glencore ?offers leverage to commodities which have the most attractive fundamentals (Copper, Zinc, Nickel), and it will deliver material volume growth from latent capacity.? Free cash flow of US$6.5bn underpins the dividend promise, while production, cost & capex guidance was in line with estimates. Zinc production will not restart until the market needs the volume.

[losses] 02/12/2016 15:57

Nice trade again from this mornings low... will leave it to run

[arja] 02/12/2016 08:58

market has the friday blues today as it did in OZ last night ! But dow still holding up awaiting the payroll dfigures .

[togglebrush] 01/12/2016 11:22

By my Calc; Restored dividend for 2017 based on RNS today
'
Annual _1,000,000,000 in US Dollars
Shares 14,394,740,000
'
Dividend per share in US dollars ___0.0695
or
5.5 pence at current exchange rate or just under 2% on today's share prices
'
BUT there is the possible option of an extra $1 billion on dividend

[arja] 01/12/2016 10:14

never say that in markets heliwell. I have learnt that to my cost in the past but I think it probably will.

[heliweli] 01/12/2016 09:54

Bound to recover.

[arja] 01/12/2016 09:27

fallen further and KAZ is now in negative territory - markets often fool us or we would all be millionaires !