Anglo American Share Discussion Threads

[anony mous] 23/9/2016 13:07

£10 next week ?

[crazi] 23/9/2016 11:32

Great news the new mine is now active in a market that needs more supply!

[anony mous] 23/9/2016 11:22

Got to hand it to him...he's sorting AAL out.
If the diamonds in this new mine pulls off then the share price gonna shoot way high.
Looking very good.

[chinese investor] 23/9/2016 11:13

Cutifani - let me think about that for a minute !

[chinese investor] 23/9/2016 11:12

1000p Soon !

[anony mous] 23/9/2016 11:11

This is great news and helping the share price push higher....23 September 2016On Tuesday, De Beers, a unit of Anglo American PLC, officially opened the new diamond mine after nearly 20 years of preparation, a $1 billion gamble that the current decline in the market for high-end jewelry will reverse as older mines close.Anglo American is counting on extracting 4.5 million carats a year as it sheds coal and other assets and focuses on diamonds, copper and platinum. The precious gems accounted for 42% of Anglo's earnings in its latest quarter and have emerged as a bright spot for a company struggling with a prolonged downturn in raw materials prices."We are building our long-term future with diamonds at the core of our business," said Mark Cutifani, Anglo's chief executive, at the mine's opening this week. Diamonds hold promise, he said in an interview, because there haven't been any major discoveries over the past two decades "and the industry is going into deficit."Mr. Cutifani is scaling back Anglo's mining businesses to 16 from 45, and cutting its staff by half, as part of an aggressive paring of the company's debt, which stood at $11.7 billion on June 30. Mr. Cutifani has pledged to bring it below $10 billion by the end of this year.

[anony mous] 23/9/2016 09:25

New appt Stephen Pearce is a great addition as new CFO.Nice bounce back this morning.

[au24] 22/9/2016 17:43

That's a great vote of confidence in where AAL is heading.

[anony mous] 22/9/2016 16:01

166000 shares just bought at £9.21Lovely.

[balbains324] 22/9/2016 13:39

Not yet Crazi, the debt reduction is in progress but we mat not be selling off assets due to coking coal prices shooting through the roof! Therefore either they will get more money for the Australian operation or they will keep it as it is much more profitable now than it has ever been before.

[anony mous] 22/9/2016 13:36

There was hint at divi reinstate in 2017.

[crazi] 22/9/2016 13:28

Doubt it - the focus is debt reduction which is going better than predicted

[wad collector] 22/9/2016 13:20

What chance a dividend this FY?

[anony mous] 22/9/2016 12:21

Lots of upgrades coming in ...

Zacks upgraded shares of Anglo American plc from a sell rating to a hold rating in a report published on Tuesday morning, Marketbeat reports.

hxxp://petroglobalnews24.com/2016-09-22-anglo-american-plc-upgraded-at-zacks-aauky/


9/21/2016 – Anglo American plc was upgraded by analysts at Barclays PLC to an “equal weight” rating.

9/20/2016 – Anglo American plc was upgraded by analysts at Macquarie to a “neutral”; rating.

9/19/2016 – Anglo American plc had its price target raised by analysts at Haitong Bank from GBX 658 ($8.59) to GBX 850 ($11.10). They now have a “neutral”; rating on the stock.

9/19/2016 – Anglo American plc had its price target raised by analysts at Credit Suisse Group AG from GBX 890 ($11.62) to GBX 950 ($12.40). They now have a “neutral”; rating on the stock.

9/15/2016 – Anglo American plc had its price target raised by analysts at JPMorgan Chase & Co. from GBX 1,100 ($14.36) to GBX 1,150 ($15.01). They now have an “overweight221; rating on the stock.

[chinese investor] 22/9/2016 10:43

My Share For 2016 !
1000p By Christmas !

[crazi] 22/9/2016 10:33

Glencore is striving ahead. At 206 that is the AAL equivalent of 1000... come on MM's pick up the pace and close the gap ;-)

[au24] 22/9/2016 08:38

Nice start to the day,gives one a nice feeling so early.

[anes2] 22/9/2016 08:15

I was hoping for 10 @ open!!!

[anony mous] 22/9/2016 08:08

Very disappointing open.Was expecting £10.;-)

[balbains324] 22/9/2016 08:02

Very nice open!!!!!

[bigbigdave] 22/9/2016 08:00

Nice open :o)

[anony mous] 21/9/2016 21:00

£12 by end October.

[balbains324] 21/9/2016 19:18

Yes please!!!

[bigbigdave] 21/9/2016 19:04

Roll on 12 quid by xmas!