Anglo American Share Discussion Threads

[philanderer] 17/7/2023 13:07

China GDP number hitting miners today.

[casket1] 17/7/2023 13:04

Appreciate the info, but I would take (all) broker target prices with a (large) pinch of salt.........

[philanderer] 14/7/2023 10:52

JPMorgan cuts Anglo American price target to 2,800 (3,150) pence - 'overweight'

[philanderer] 10/7/2023 10:22

Barclays cuts Anglo American price target to 3,100 (3,300) pence - 'overweight'


Citigroup cuts Anglo American price target to 3,000 (3,300) pence - 'buy'

[philanderer] 07/7/2023 10:44

Berenberg cuts Anglo American price target to 2,800 (3,300) pence - 'hold'

[tuftymatt] 30/6/2023 13:06

Yeah I saw something on Bloomberg blaming weather in China for a part of the decline.

Let's hope the worm turns before too much longer!!
Good luck all 👍🏻

[philanderer] 30/6/2023 11:01

Activity in China’s factory sector contracted for a third straight month in June, official data from the National Bureau of Statistics showed, signalling a patchy recovery in the world’s number-two economy as global demand and raw material prices slumped.

[philanderer] 28/6/2023 10:03

UBS cuts Anglo American price target to 2,500 (2,700) pence - 'neutral'

Deutsche Bank cuts Anglo American target to 3,100 (3,200) pence - 'hold'

[max euwe] 24/6/2023 00:22

Buy at the depths in summer below £20, sell at the highs in winter above £30, rinse and repeat. It's what the institutions do, just follow them. In the summer the big institutional traders go on holiday, they don't buy and don't care.

[fuji99] 23/6/2023 16:59

The main sectors that will suffer from high interest rates and high inflation are Home Builders and Retailers. Miners will be the first to recover as economies start breathing again. At present geopolitics are making things much more complicated as nothing can be anticipated in advance. The outcome of Russia/Ukraine war and China/Taiwan tensions are a big question mark for the world economies. In the past inflation used to be restrained with high interest rates that trigger a recession/job losses. Without a recession inflation never drops quickly. So we need to feel the pain before things get better. Today it's different because the biggest source of inflation is coming mainly from geopolitical tensions. Russia linked to gas & food and possibly a conflict between China/Taiwan where more than 60% of the world semi conductors are manufactured and cherry on the cake, Covid destroyed the world supply chain. So this is totally different from what we used to experience before - mainly economic bubbles bursting, sub-primes, then recession follows, to ultimately starting all over again.

[vas007] 23/6/2023 15:29

Sorry all-Thumbs up keypad sign auto turns into ??

[vas007] 23/6/2023 15:22

Thanks for your comments??

[philanderer] 23/6/2023 14:55

Markets looking for recession. Demand from China dropping.

[vas007] 23/6/2023 14:40

Can someone please explain why metals are so heavily trashed all this week?

[vas007] 21/6/2023 09:41

???Yes Div's are coming in Aug23

[tuftymatt] 21/6/2023 09:19

Yeah not good news on the diamond front today and with the recent bounce in miners dipping, AAL falls to circa 2350 as it stands.

Stay holding for the recovery which will come and if you hold as part of a diverse portfolio then enjoy the divi as long term today's share price is not a concern.

Good luck all 👍🏻

[vas007] 21/6/2023 08:36

Mean't-Tufty sorry -auto spell .

[vas007] 21/6/2023 08:33

Fufty- AAL ,taking a dip now , but I am confident it will fly high again.

[florenceorbis] 21/6/2023 07:40

TOP NEWS: Anglo American rough diamond sales fall amid cautious market

Wed, 21st Jun 2023 07:33


(Alliance News) - Anglo American PLC on Wednesday said rough diamond sales at its De Beers arm declined due to ongoing global macroeconomic challenges.

The London-based mining company said provisional rough diamond sales value for the fifth sales cycle of 2023 was down 6.1% to USD450 million, from USD479 million in the fourth cycle. Sales slumped by nearly one third from USD657 million in the fifth cycle of last year.

The provisional rough diamond sales figure quoted for cycle five represents the expected sales value from June 5 and June 20 and remains subject to adjustment based on final completed sales.

Cycle four actual sales value represents sales between the dates of May 1 and May 16.

"Following the JCK Show, and with ongoing global macroeconomic challenges continuing to impact end-client sentiment, the diamond industry remains cautious heading into summer," De Beers Chief Executive Al Cook said.

JCK is the jewellery industry trade event that takes place in Las Vegas.

"Reflecting this, we saw demand for De Beers rough diamonds during the fifth sales cycle of the year slightly softer than in the fourth cycle," Cook said.

Anglo American owns 85% of diamond miner and dealer De Beers.

By Artwell Dlamini, Alliance News reporter

Comments and questions to [e-mail]

[tuftymatt] 13/6/2023 11:00

China stimulus talk helping AAL and the mining sector today 👍🏻

I think 2400 is a crazy number and am confident that adding here will see a decent return for the patient when we get back to 3000+

[philanderer] 13/6/2023 10:18

Oddo BHF cuts Anglo American to 'underperform' - price target 2,400 pence