Glencore Share Discussion Threads

[losses] 23/2/2017 16:02

Back testing 333

[tsmith2] 23/2/2017 14:24

Management class act here. Put their money up big time when no one believed them. Turned around.Hat tip

[rackers1] 23/2/2017 14:13

if his CFO 'lets him' ?

[the financial theses] 23/2/2017 13:44

Interesting. Glasenberg "time is right" to reward shareholders. On top of the 2 x 3.5 cents per share. Potential to "kick out a bid dividend" in 2017. Sounds like a juicy special dividend in the pipeline!

[losses] 23/2/2017 13:22

Maybe but first stop around 370

[keifer derrin] 23/2/2017 11:39

another article - more of the same....

Glencore Signals Big Dividend for Its `Long-Suffering' Investors

[keifer derrin] 23/2/2017 11:19

LONDON-- Glencore PLC swung into the black last year on surging commodity prices, an eye-popping recovery for the Swiss mining giant, which a year earlier reported billions of dollars in losses.

The U.K.-listed company on Thursday reported net income of $1.4 billion for 2016, compared with a $4.9 billion net loss the previous year. Revenue adjusted for discontinued operations rose to $152.9 billion from $147.4 billion a year earlier.

Glencore's earnings are the latest positive sign from the mining sector. BHP Billiton Ltd. and Anglo American PLC earlier this week also returned to profit, cashing in on higher commodity prices.

Glencore Chief Executive Ivan Glasenberg said stronger earnings and lower debt levels will give the company flexibility to either scoop up deals or return cash to shareholders.

"I don't think there's big stuff around to look at, but we'll see what opportunities come," he said on a conference call with reporters. "If we don't find big opportunities, we'll kick out big dividends."

Net debt fell to $15.5 billion by year-end from $25.9 billion at the end of 2015, below the lower end of the range of its guidance of $16.5 billion to $17.5 billion, as higher commodity prices, a dividend suspension and $4.7 billion in asset sales took pressure off the company's balance sheet.

Glencore said its trading business posted earnings before interest and taxes of $2.8 billion last year, a 14% gain from 2015, amid stronger demand, particularly from China, and drops in inventory levels.

It expects its trading group to report adjusted earnings in the range of $2.2 billion and $2.5 billion in 2017. That is lower than previous years' guidance of as much as $3.2 billion, due to its sale of half of its agriculture division last year.

Write to Scott Patterson at [e-mail]

[losses] 23/2/2017 11:15

If we can hold 331-333 should be good for 370+

[losses] 23/2/2017 11:11

Arja, I have never known stocks to rise on EXDiv.. essentially the value of stock goes down equivalent to what's been handed out to holders.... unless there was good news to lift the share price We could be looking at £45-50 within next few years with Rio...

[arja] 23/2/2017 09:20

so ex div exaggerated the loss . As you say , sometime ex div day is good time to buy but might be risky this time as mining stocks struggling in last few days - good luck !

[losses] 23/2/2017 08:40

Bought loads of Rio... I always buy after going ex div... by Monday rio will be back upto 35-36

[losses] 23/2/2017 08:38

Arja Rio down to do going ex div

[rackers1] 23/2/2017 08:36

although 7c for 2016 div seems meagre, this is a quality share with extremely clued up management.
Hold

[arja] 23/2/2017 08:35

dragged down initially by bad sentiment for miners but what a rally since as focus is more on the results - now where to but will be a volatile day . RIO really tumbled in OZ .

[losses] 23/2/2017 08:21

Reckon we could breakout 330 today... head towards 350!!

[younasm] 23/2/2017 08:06

Not bad results -- mostly priced in

[losses] 23/2/2017 07:30

Fixed plus variable distribution policy effective from 2018 that leverages the resilience of marketing cash flows, while providing upside to commodity prices. $1 billion distribution recommended for 2017.$1 billion in divi for 2017

[gxgxx] 23/2/2017 07:30

Better than expected - We did expect it of course.

hxxp://www.glencore.com/assets/investors/doc/reports_and_results/2016/GLEN-2016-Preliminary-Results-f.pdf

Dividend - 2 x $3.5 cents. In 2017 May & September

At least it is a start

[losses] 23/2/2017 07:28

Net debt reduced to $15.5 bln... good but could be better.

[glenkaz] 22/2/2017 23:01

Gla tomorow! Hope news is good! But we will see!

[losses] 22/2/2017 18:00

I'm hoping that we will break 330 atleast... but looking st performance with BHP with good results we could head down to 300.I have reduced holding and sold 80% today... will buy in higher or lower tomorrow

[losses] 22/2/2017 15:02

Definitely will be re-instated as it was mentioned in the previous RNSs... they will announce 14p for the year in 2 divi payments due in 2017.

[heliweli] 22/2/2017 14:51

Divi reinstated tomorrow maybe.

[losses] 22/2/2017 14:41

I've traded this 3 times today already... general sentiment and copper down a bit as well.