Anglo American Share Discussion Threads

[ariane] 25/7/2023 08:18

25 July 2023
Kumba Iron Ore interim results 2023



Anglo American plc notes the announcement of Kumba Iron Ore Limited's interim results for the half year ended 30 June 2023, released this morning to the Johannesburg Stock Exchange and available via www.angloamericankumba.com/financial-results .

Kumba Iron Ore Limited's reported adjusted EBITDA of R19.8 billion (reviewed) is equivalent to approximately $1.1 billion, and is not materially different to the EBITDA that Anglo American expects to report for the Kumba business in its results for the six months ended 30 June 2023 on 27 July 2023.

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[casket1] 24/7/2023 12:48

Target price is less then the current price........refer you to my previous comment last week (807?)

[philanderer] 24/7/2023 09:04

Credit Suisse cuts Anglo American price target to 2,350 (3,050) pence - 'neutral'

[tuftymatt] 20/7/2023 14:21

Back after a holiday and it's great to see how the markets are doing in general and today's update here too.

Need to average down a bit more now on dip days and hopefully see AAL hit 3000 again before the end of the year.

Yes VAS007, divi soon gets locked in which may help support us here now it's less than a month away.

Good luck all 👍🏻

[vas007] 20/7/2023 11:18

AAL will go ex div 17 Aug 2023 .https://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/anglo-american-plc/dividend

[philanderer] 20/7/2023 09:11

Nice market reaction.


...Miners were performing well thanks to a strong update from Anglo American, and amid expectations of economic stimulus in China.

[philanderer] 19/7/2023 23:38

Production report thursday . Likely to be a similar theme to RIO and ANTO who have already reported this week I would have thought.

[philanderer] 18/7/2023 09:21

FWIW

RBC cuts Anglo American price target to 2,600 (2,700) pence - 'outperform'

[casket1] 17/7/2023 16:19

Think China's poor manufacturing numbers have been hitting all miners for a while, could do with them pulling their finger out...... :-)

[philanderer] 17/7/2023 12:07

China GDP number hitting miners today.

[casket1] 17/7/2023 12:04

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

[philanderer] 14/7/2023 09:52

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

[philanderer] 10/7/2023 09:22

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 09:44

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

[tuftymatt] 30/6/2023 12:06

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 10:01

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 09:03

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] 23/6/2023 23:22

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 15:59

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 14:29

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