Anglo American Share Discussion Threads

[chinese investor] 31/10/2016 14:01

Relentless !

[chinese investor] 31/10/2016 12:34

My FTSE Share For 2016 !

[corlis] 31/10/2016 12:04

£11.17
very nice.

[anony mous] 31/10/2016 09:40

Callide Mine sale is complete today rns.

[chinese investor] 31/10/2016 08:13

Good Start !

[anony mous] 30/10/2016 22:18

That last paragraph is the best insight into debt levels.Absolutely great news.£20 sooner than I thought.Bring it on !

[anony mous] 30/10/2016 22:16

Anglo American's stock has rallied 260pc so far this year on the back of a strong recovery in coal and iron ore, used in steel.Analysts have questioned whether Mr Cutifani should now reverse his restructuring plan, as the company has been banking cash from coal and iron ore operations that it had deemed surplus to requirements. However, he insisted that Anglo had picked the three commodities where it has the best long-term prospects."We've said we're going to run our other assets for cash or disposal and we'll only sell quality assets for value. I've been very clear on that," he said.The miner has raised $1.6bn from asset sales so far this year, short of its original goal of $3-4bn. It is more relaxed about hitting its disposal target as the improvement in cash flow means it is already on track to reduce debt to below $10bn by the end of the year.

[balbains324] 30/10/2016 20:53

foxy, anglo was a take over target at 235 not at a tenner. The reason why the shares are doing well is because of the disposals and reduction of debt. If they decide not to sell the assets then the share price will tumble because the sale is already priced in. If the bid is higher than expected then we will go up, otherwise we will get a small rise maybe even a drop if it does not hit market expectations. The commodity prices going up have helped but the weaker pound has had the biggest effect along with the interest rate cuts. if interest rates rise then the miners will suffer just a little bit.

[foxy22] 30/10/2016 17:31

Just thinking...is cutifani not just positioning anglo as a takeover target once it has finished its restructuring...earlier this year I asked a seasoned mining professional what he thought of Anglo...his words....ANGLOS PUT ITSELF UP FOR SALE....his words have stuck in my mind...maybe one should hold for that alone.... is this not a SABMiller scenario

[foxy22] 30/10/2016 15:56

This policy should go to a shareholder vote i.e. Disposal of assets ...maybe not right way forward.After all bulk of rally was inspired by Iron ore surprise recovery KIO and coal recovery.The public investment corp. or South African got pension fund anglos largest shareholder seems to dictate things....maybe there is some bee or black empowerment policy from Sa government at work or maybe it is a way of cutifani getting rid of South African assets and problems in the future at a good price....do u all think this is positive for share holders in the long term,short term should inspire rally tomorrow don't u think big big Dave....

[anony mous] 27/10/2016 11:35

Nice corlis ;-)

[corlis] 27/10/2016 11:06

well the ftse went as low as 6,910-ish this morning....so hopefully now the daily will set up again & away we go.

[corlis] 25/10/2016 19:14

maybe this year 2016 is the Chinese 2106 year....lol

[anony mous] 25/10/2016 14:37

CI2106?Lol. I won't be around then.

[chinese investor] 25/10/2016 14:24

FTSE Just Gone Mental !

[balbains324] 25/10/2016 14:21

I sold too early

[chinese investor] 25/10/2016 14:18

My Share For 2106 !

[anony mous] 25/10/2016 10:27

News on the Aussie sale will be next catapult.

[foxy22] 25/10/2016 09:29

GREAT TURNAROUND FOR ANGLOManagement deserves credit positive effect on share price! Balbains thanks for info

[chinese investor] 25/10/2016 08:55

Looking Good !

[corlis] 25/10/2016 08:34

All,

fantastic news & already up around 4% this morning.

[anony mous] 25/10/2016 08:02

At a glance these numbers look very good. Going the right way.Nothing like the doom report beginning of this year.

[bigbigdave] 25/10/2016 07:04

Mark Cutifani, Anglo American Chief Executive, said "Operational improvements continue across the portfolio, delivering a 4% production increase on a copper equivalent basis(9) in the third quarter, and a 12% increase compared to Q2 2016. The latter increase is largely due to the strong recovery at Kumba's Sishen mine, a 46% production increase, following the successful completion of its restructuring. In our diamond and platinum businesses we continue to maintain discipline on volumes by mining to demand, whilst the ramp-ups at Minas-Rio and Grosvenor are progressing well, and Barro Alto has now reached nameplate capacity. The modestly higher production at De Beers is reflective of improved market conditions relative to Q3 2015, but we maintain a cautious outlook."

[anony mous] 24/10/2016 21:25

Yes corlis we could do.Although plenty newsflow from AAL in pipeline.I'm looking for divi reinstatement news Q1 2017.

[corlis] 24/10/2016 21:03

Anomy
we rose 10% last week so a breather badly needed before going on up to 12.
Just hope we hold £10 during this breather as i see ftse going on down to low 6,900s over next day or so.