Anglo American Share Discussion Threads

[corlis] 06/3/2017 12:22

God help anyone who takes notice of brokers.
They said sell AAL when it was rising ...& since they started giving overweight ratings last few weeks this has been dropping.

[gersemi] 03/3/2017 07:21

Does anyone think that AAL will buy JLP and it's Tjate platinum mining interest?

[corlis] 02/3/2017 16:35

I just hope tomorrow is a better day.

[foxy22] 02/3/2017 16:18

Corlis I think there are shorts being placed on these mining stocks and I think yesterday was masssive short covering ...what do u think

[corlis] 02/3/2017 15:02

Is the AUD / USD having an affect on our AAL.
it was 0.75900 an hour ago & now 0.75700 now.

[corlis] 02/3/2017 08:36

We spiked up over + 1% on open leaving a gap, but luckily we have since come back down to opening price to fill...so we should be up n away soon?

[ifthecapfits] 01/3/2017 10:51

Looks like 'the wall' is going ahead - good for AAL?

[corlis] 28/2/2017 21:05

I hope gold now 1,251 will have a breather & allow mining to pick up again.

[corlis] 28/2/2017 21:03

lmao
Foxy giving you a good time....lol

[anony mous] 28/2/2017 21:00

corlisMy candle stick rises through the day and finishes looking red too.Lol ;)

[corlis] 28/2/2017 20:34

Any daily candle stick that drops first thing then rises very slowly as day progress's forming a long lower wick is positive.

Allot better than the opposite that happened last Thurs or Friday where we opened up + 2% only to finish the day in the red.

[anony mous] 28/2/2017 18:49

Nice recovery into finish/close.Expect much more upgrades. These plonks are way behind the curve.

[zho] 28/2/2017 07:50

Anglo American : *RBC CAPITAL RAISES ANGLO AMERICAN TARGET TO 1,800 (1,750)P - 'OUTPERFORM'

[corlis] 24/2/2017 15:54

Problem with AAL chart is it takes so long to build up & then can be all erased in an hour.
at moment only up to the 5mins set up....so we got a allot to do again.
Fingers crossed.

[corlis] 24/2/2017 15:50

Afternoon
not good what we have witnessed from the early gains in week.
I see the FTSE at 7,170-ish being absolutely key to holding otherwise im with FOXY on getting the hell out.

[foxy22] 24/2/2017 14:40

Well it's general over commodity stocks...one needs to take profit before this correction starts if that's any lesson

[ifthecapfits] 24/2/2017 14:00

Don't know - but this fall off seems a bit extreme.

[foxy22] 24/2/2017 13:21

How low is this going....any calls

[andy flower] 24/2/2017 12:13

Bought more. Will keep adding on drops. RSI/CCI/Bollinger all showing oversold. Need the MACD to reverse. But happy to add now and wait :).

[anony mous] 24/2/2017 09:33

Tad over done pullback but with bottom of channel still.Long article but worth a read....Commodities Report: Mining Back to Unearthing Profit -- WSJ22 February 2017Source: Dow Jones NewsMetal prices' rebound ends rough stretch marked by deep losses and rush to cut debtBy Scott Patterson and Rhiannon Hoyle The world's biggest miners are profit machines again, cashing in on soaring commodity prices and rewarding investors who stuck with them through a brutal downturn.BHP Billiton Ltd., the world's largest miner by market value, said Tuesday it had a profit of $3.2 billion for the second half of 2016 after posting a $5.7 billion loss in the year-earlier period. Anglo American PLC, the fifth-largest mining company, reported a profit of $1.6 billion for all of 2016, a dramatic rebound from 2015, when it lost $5.6 billion.The solid performance builds on strong results from British-Australian miner Rio Tinto PLC, which two weeks ago said it earned $4.6 billion in 2016 following a loss of $866 million in the prior year. Switzerland-based Glencore PLC is scheduled to release 2016 results on Thursday, with analysts widely predicting a return to profit.The swift return to profitability for the world's mining giants has surprised analysts, investors and executives alike. Few had predicted sustained rallies in everything from iron ore to coal to copper last year.Global mining companies are in better shape now than they were two years ago, when a steep decline in commodity prices sent their shares reeling, analysts say. To bolster their health, they sold off underperforming mines, shrank workforces and paid down massive piles of debt.Glencore scrambled to sell $4.7 billion in assets in the past year, including an Australian rail business and a 49.9% stake in its agriculture business. The company raised $1.4 billion from selling future deliveries of gold and silver from a pair of mines in Peru.The sales, along with eliminating its dividend and issuing new stock, helped Glencore survive a scary dive in its share price as investors rebelled over its debt levels. The company has said its net debt would fall to $17.5 billion or less by the end of 2016, from $29.7 billion as of June 30, 2015.Anglo American last April agreed to sell its Brazilian niobium and phosphates business to China Molybdenum Co. for $1.5 billion -- part of a downsizing plan the company described as "radical." The miner had expected to unload more operations, but a rebound in coal and iron-ore prices made it more attractive to keep those assets.Anglo American also benefited from solid sales of diamonds from its De Beers Group business, which was boosted by U.S. demand. The U.K.-based firm cut its net debt to $8.5 billion at the end of 2016 from $12.9 billion a year earlier.BHP's net debt at year-end stood at $20.1 billion, down from $26.1 billion at midyear. Rio Tinto last year slashed net debt by 30% from the previous year to less than $10 billion."They're as lean as can be," said Campbell Parry, an analyst with Abax Investments, referring to the mining companies. The Cape Town, South Africa, investment firm owns shares of Anglo American and BHP.Leaner balance sheets should give the companies "a lot more agility than they had a few years ago," Mr. Parry said.Rising copper prices have helped the miners. Glencore, Anglo American, BHP and Rio are among the world's biggest producers of the metal, whose price rose 27% in 2016. Copper has continued rising in 2017; it is up nearly 10% as work stoppages in Chile and permit disputes in Indonesia contribute to supply concerns.Now that the miners have dug themselves out of a hole, the question is whether they can keep from sliding back in, analysts say. Mining executives, burned by the downturn, remain cautious.They have chosen to use the surge in profits largely to reward investors, not launch big new projects. Rio increased its dividend and announced a $500 million share buyback. BHP doubled its dividend. Anglo says it plans to pay dividends on 2017 profits after eliminating its dividend last year.Although profits are back, they remain far below the dizzying heights reached in years like 2011, when BHP recorded over $23 billion in profit amid a China-fueled boom in commodity prices.Mining executives are particularly wary that coal and iron-ore prices, which surged last year amid renewed demand in China and reduced Chinese production, have risen too far too fast."I have to say, we don't think these prices will hold up in the long term," Anglo American Chief Executive Mark Cutifani said on a conference call with reporters Tuesday, referring to coal and iron ore.BHP CEO Andrew Mackenzie, in comments to reporters in London Tuesday, said reduced stimulus in China and new supplies will likely hurt prices for bulk commodities.But Mr. Mackenzie said he remains confident that, overall, demand from China will remain solid this year. "I think China is steady as she goes, " he said.Executives are also growing concerned that an increasingly unpredictable political situation in the U.S. and elsewhere could spark trade disputes, disrupting global growth and demand for commodities.BHP executives have singled out the policy platform of President Donald Trump's administration, which they said could spark trade wars that weigh on business confidence, hurt investment and lead to higher inflation in the U.S. Mr. Cutifani has also cautioned Mr. Trump against pushing the world toward protectionism."It's an uncertain world out there," Mr. Mackenzie said. "Trade wars are not going to help anybody."White House deputy press secretary Lindsay Walters said Mr. Trump's "policies will ultimately prioritize the best interests of the American people and American workers."Other mining executives have expressed enthusiasm about Mr. Trump's plans to ramp up infrastructure spending in the U.S. Glencore CEO Ivan Glasenberg believes that a $1 trillion infrastructure program floated by Mr. Trump is likely to boost demand for the commodities his firm produces, especially copper.Mr. Mackenzie and BHP Chairman Jac Nasser met with Mr. Trump, then president-elect, in January. At the meeting, they discussed the impact the U.S. policy direction could have on resources markets, Mr. Mackenzie said Tuesday.

[corlis] 24/2/2017 07:56

Well we came all the way to the 50 mda, hopefully that's it.?

[corlis] 23/2/2017 16:52

wow
what a sell off last 1/2 hour.