Glencore Share Discussion Threads

[losses] 24/2/2017 09:36

We had a brilliant run... relax a bit guys don't start panicking with profit taking..

[arja] 24/2/2017 09:21

not sure as only follow copper which was up. But maybe other metals are falling . We can not fight the market and I just follow the chart and do what it tells me to do ( cheaper to buy than a crystal ball ! )

[glenkaz] 24/2/2017 09:20

🐂💩 Glenda! Cow!

[rampant_bull] 24/2/2017 09:03

Why bad sentiment towards resource stocks, the results were all good

[arja] 24/2/2017 08:55

tried to recover but now slipping and bad sentiment towards resource stocks and some gold stocks not reacting much to improving gold price - friday blues I suspect !!

[glenkaz] 23/2/2017 22:33

Should end 338 tomorow! 👍🏻

[arja] 23/2/2017 19:08

yes, what a reversal even if not a chart one day reversal . Hope those trading it got out at 345 level or partly out . But most mining stocks followed same pattern and friday tomorrow .

[glenkaz] 23/2/2017 18:37

Onwards and up! I think!😋

[losses] 23/2/2017 17:00

Good move Younas.. can't believe the reversal today

[younasm] 23/2/2017 16:08

That was pure luck -- I had no idea what share price would do this morning-- started the day with existing short / long positions.

[younasm] 23/2/2017 16:06

Amazing day --- had to double up on my shorts, closed the longs at 345p and now closed all shorts at 333p.No more Glencore for me for a while :-)

[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