Anglo American Share Discussion Threads

[anony mous] 02/8/2016 14:40

2 very big buys just gone through.Nice vols and nice recovery.Blue finish would be good.Last 1 hr spike ?

[crazi] 02/8/2016 08:08

2 August 2016
Anglo American rough diamond sales value for De Beers' sixth sales cycle of 2016

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' sixth sales cycle of 2016, amounting to $520 million, compared with the $564 million value of the fifth sales cycle of 2016.

Bruce Cleaver, CEO of De Beers, said: "This is an encouraging sales performance for this point in the year, supported by positive sentiment from our customers. We maintain a cautious outlook for the remainder of 2016."


Cycle 6 2016(1)
(provisional)
Cycle 5 2016(2)
(actual)
Sales value(3)
$520m
$564m

[balbains324] 02/8/2016 07:38

HSBC increased there target price to 930 yesterday. This will have its ups and downs but should remain bullish for the next few months. The forecast is £10.40 for 2016 and higher for 2017 according to barclays. Still have time to make a couple of quid.

[crazi] 01/8/2016 14:07

on the update alone being above expectations it should have hit 900...going backwards again since this morning...

[balbains324] 01/8/2016 13:00

I can't seem to find anal anywhere either......looks like my mum wore him out.

[balbains324] 01/8/2016 12:59

Waiting for the deal to be struck and at what price. If they sell for more than 1billion then we are quids in. Who knows, we might even see £12 by Christmas!!

[balbains324] 01/8/2016 12:56

No Crazi this Will be £10 now that it's August!!

[crazi] 01/8/2016 12:36

This should be at 900 already...

[anony mous] 01/8/2016 09:12

Last 1 hour more broker upgrades and upped targets.

[chinese investor] 01/8/2016 08:24

Great Start !

[crazi] 01/8/2016 08:23

LATEST BROKER VIEWS

Date Broker New target Recomm.
1 Aug RBC Capital... 1,000.00 Outperform

[bigbigdave] 01/8/2016 08:21

That's more like it :o)

[anony mous] 31/7/2016 16:47

Also from TELEGRAPH BUSINESS NEWS:

Merger and acquisition activity in the mining industry could be showing a flicker of life after FTSE 100 giant Anglo American reportedly brushed off an approach from Vedanta Resources chairman Anil Agarwal

[anony mous] 31/7/2016 11:49

bigGood link thanks.Who'd have thought Vedanta had been or are in talks with Anglo.

[crazi] 29/7/2016 08:39

After better than expected results I was hoping for a few blue days...dissapointing it's being shorted again today. 10p swings in less than a minute - price is all over the place...

[corlis] 29/7/2016 07:44

What's the rumour.
Indians interested?

[balbains324] 28/7/2016 22:30

Crazi this baby is going Crazi!!! As soon as we find out how much the coal mines are selling for it will de risk this share and it will be worth so much more. I'm hoping for £10 by August but if we get news tomorrow or next week on acceptance of an offer and for how much I believe we may smash through that £10 Target and head north to old heights. I will sleep in anticipation.

[crazi] 28/7/2016 21:52

Finally a positive tint to news:

Group underlying earnings before interest and tax (EBIT) of $1.4 billion was a 27 percent decrease year on year because of weak commodity prices. Core earnings (EBITDA) were 2.5 billion, a 25 percent fall, beating consensus forecasts.
The De Beers diamond unit stood out with a 2 percent rise in underlying EBIT to $585 million, following higher revenues from rough diamond sales and favourable exchange rates.
Bruce Cleaver, appointed CEO of De Beers earlier this year, said in a phone call the first half had succeeded in overcoming the difficulties of 2015. But second half rough diamond demand tends to be weaker because the first half is boosted by restocking following Christmas sales.
Despite uncertainty over whether a recovery in most commodity prices can be sustained, analysts said Anglo American's strategy was working and there was less pressure for early asset sales.
"It's steady as you go. They remain focused on what they had intended to do," Hunter Hillcoat, analyst at Investec (LSE: INVP.L - news) , said.

[stevenrevell] 28/7/2016 11:08

Sanks is suffering from depression and lonely women gone men at door

[corlis] 28/7/2016 09:22

Well done all.

SANKS has Pamela left you yet?

[anony mous] 28/7/2016 09:11

BalbRead the link posted earlier.Those sales are achieving much more than the mkts had thought. The last sale completed much higher already.Debt will be cut more soon and the share price will reflect this hughly.MC is doing a good job so far.Your 10.00 will be here very shortly.

[balbains324] 28/7/2016 09:05

Don't forget the coal mine sale!!

[anony mous] 28/7/2016 09:02

Mkt Cap 11.9bOnce the debt is cut below 10b and cost cuts further kick in. Plus comms bouncing back anyway. Then expecting Mkt Cap around 20b to 25b. Hence share price 19 to 22 ish.

[chinese investor] 28/7/2016 08:37

Great Start !

GO GO HORSEY !

900p Soon !