Anglo American Share Discussion Threads

[andy flower] 14/3/2019 13:26

51cents makes around 39pence.

[welsheagle] 14/3/2019 10:47

How much is the dividend in pence.

[v11slr] 13/3/2019 09:58

Yes, xd tomorrow.

[foxy22] 13/3/2019 09:50

Andy if i buy more today will i get dividend for that amount

[andy flower] 12/3/2019 13:24

Ex divi date tomorrow. Anyone buying for divi or just waiting for the drop? I am going to wait for it to hit 18.50-19.

[andy flower] 08/3/2019 17:44

RIO drop was due to going ex divi I believe.

[foxy22] 08/3/2019 15:47

Gnl commodity weaknessDid u see rio yesterday

[andy flower] 08/3/2019 13:17

Why the drop today? Was expecting the drop next week after ex divi.

[newyork2] 22/2/2019 12:18

Looking good for a Friday

[a13878713] 21/2/2019 21:13

Foxy, ex-dividend 14/3/19.Cheshire Pete, you are welcome.

[a13878713] 21/2/2019 17:22

Well I'm OUT! at £20.16 been a good run but tomorrow being Friday best to sell.

[waldron] 21/2/2019 13:18

Anglo American (LSE:AAL)
Intraday Stock Chart

Today : Thursday 21 February 2019
Click Here for more Anglo American Charts.

Anglo American's net profit for 2018 was $3.55 billion. "Anglo American 2018 Net Profit Rose 12%," at 0725 GMT, misstated the net profit as $3.56 billion in the first paragraph. Anglo American's net profit for the year ended Dec. 31 was $3.55 billion, not $3.56 billion. The error also appeared in "Anglo American Beats Forecasts, Boosted by Higher Commodity Prices -- Update" at 1017 GMT and "Anglo American Beats Forecasts, Boosted by Higher Commodity Prices -- 2nd Update" at 1206 GMT.



(END) Dow Jones Newswires

February 21, 2019 07:49 ET (12:49 GMT)

[adrian j boris] 21/2/2019 10:54

Mining giant Anglo American PLC reported a 12% rise in net profit for 2018 Thursday, a better than expected result which, helped by strong commodities prices, adds to the once-beleaguered firm's turnaround story.

The London-listed diversified mining company posted a profit of $3.56 billion ($4.6 billion) in the year-ended Dec. 31, compared with $3.17 billion in 2017. A consensus estimate from 18 analysts compiled by FactSet had forecast profit at $2.8 billion.

Revenue for the year rose 5% to $27.61 billion. Anglo American also reduced net debt to $2.85 billion from $4.5 billion the year before, which beat analysts' expectations.

This comes after the Minas-Rio iron ore project in Brazil has racked up large debts, costing Anglo American $11.3 billion in write-downs and weighing on its shares for five years.

Anglo American's shares were down by 0.2% Thursday after its results were out, following a recent run-up.

"We are still very much on a journey, we have made good progress, but there is a lot more to be done," Chief Executive Mark Cutifani said on a conference call.

The company's annual results were helped by an average rise of 4% in the price of the commodities it mines over the year, with particularly sharp rises in platinum, coal and nickel.

Anglo American also increased its productivity. For instance, it produced 10% more copper than in 2012, from half the number of assets it had then.

Anglo American's results were a "rock solid set of numbers as huge de-gearing continues," said Paul Gait, an analyst at Bernstein, in a research note.

Mr. Gait and other analysts the reduction in debt.

"Given that this is one of the major concerns surrounding Anglo as an investment opportunity, we feel that the new chair and CEO have given the market every reassurance of a sustainably healthy balance sheet," Mr. Gait said.

Still, the miner isn't free of problems.

Underlying earnings before interest, tax, depreciation and amortization from Anglo American's majority-owned diamond business De Beers fell 13% on the previous year to $1.25 billion. Anglo American said De Beers took on incremental expenditure on new initiatives including the launch of Lightbox Jewelry, a business that produces lab-grown diamonds.

The company said the 2019 outlook for diamond jewelry faces a number of challenges, including the risk of an intensification in U.S.-China trade tensions, concerns over the Chinese economy and further exchange-rate volatility.

And while Minas-Rio is now producing iron ore, the company took a $600 million hit on underlying Ebitda from a suspension of operations there in March following a leak in the 330-mile pipeline that carries watered-down iron ore to an export terminal.

Mining companies are also bracing for increased safety regulations for tailings dams following the bursting of a dam in Brazil that left at least 160 people dead in 2018.

Anglo American's Mr. Cutifani said that while his expects more regulation in Brazil, this won't make the country a less attractive investment destination.

The company declared a final dividend of 51 cents, taking the total dividend for the year to $1 a share. Last year, the total dividend was $1.02 a share.

Write to Alistair MacDonald at [e-mail]



(END) Dow Jones Newswires

February 21, 2019 05:32 ET (10:32 GMT)

[foxy22] 21/2/2019 09:39

Notice they've trimmed dividend....

[cheshire pete] 21/2/2019 08:28

foxy: just skimmed them, seem ok but difficult to know how much good news priced in already. Have just sold at £20.12 for a very nice profit.
Seem to be holding over £20 for time being. Will wait for a re-trace now and try and get back in before the ex divi date.

A13878713: thanks for your comments.

[foxy22] 21/2/2019 08:04

Pete what do u think Re results...sp

[foxy22] 21/2/2019 08:03

When is this divvy

[a13878713] 20/2/2019 23:28

Today's rise anticipation of good results, so will it fall tomorrow? I think yes.Early rise tomorrow and I will sell, still c £22 on the cards because of dividend however I won't be greedy.

[cheshire pete] 20/2/2019 15:18

Yes Foxy £20.06 now.

[cheshire pete] 20/2/2019 15:16

A13878713: Got back in at £19.23 last week. See what results are like tomorrow, progress between US and China on deal talks would be good news. Good very reassuring interview with CEO on Bloomberg, tried to paste a link but couldn't.

[foxy22] 20/2/2019 15:14

Finally your £20.00.....Are u holding for results...Bhp glen disappointingAnglo...maybe third time lucky

[foxy22] 18/2/2019 16:35

Results thursday

[john3v16] 15/2/2019 18:59

Motoring ahead as Metals/PM's are in favour at this present time