Anglo American Share Discussion Threads

[redartbmud] 08/12/2023 10:05

phil

I continue to hold for the long-term.
Bought some more at £21.18399 early doors - too early unfortunately, but the share is still moderately rately and the cash from dividends will come in handy.
The industry requires heavy lifting to function and that in turn requires lengthy timeframes for execution, In the meantime the assets are in the ground and extracted (hopefully) at a good ongoing profit.
I remain relaxed.

No recommendation, just my thoughts.
I will continue to play around the edges from time to time.

red

[netcurtains] 08/12/2023 09:58

Perhaps changing the name from Anglo American to just American might help? 😃

[philanderer] 08/12/2023 09:48

This shareholding is getting ridiculous.

[tuftymatt] 08/12/2023 07:55

But then they mention decreases in production for a few years. Ok cost savings will help balance the books but I am not sure how the market will react.

Long term buying in the low 2000's should prove a good bet but right now I am not sure if to add or maybe wait for better.

Let's see in 5 minutes with the opening reaction.


Good luck all 👍🏻

[eggbaconandbubble] 08/12/2023 07:19

“The prospects of mined products have rarely looked better. . . “

RNS today

[philanderer] 07/12/2023 00:29

Other stocks on the FTSE 100 risers board included Anglo American AAL 2.04%, which lifted 69p to 2224p as investors positioned for the mining giant’s strategy update on Friday.

One area of focus will be a potential streamlining of Anglo’s portfolio, which Deutsche Bank said recently is too complex and diluting the value of the “world class” copper business.


ii.co.uk

[philanderer] 06/12/2023 10:02

And up we go today.

Well done red :-)

[redartbmud] 06/12/2023 08:08

phil

Bought last night almost on the close at £21.60290
Good bet for a bounce at that level, anywhere up to £22.50 range.

red

[philanderer] 06/12/2023 00:09

red, I'm just not quick enough these days :-)

[redartbmud] 05/12/2023 17:36

phil

Buy & sell the volatility?

red

[philanderer] 05/12/2023 15:38

Behaving like a high beta AIM share .

China good , China bad, China good...China bad.... and on and on and on.

[tuftymatt] 05/12/2023 10:28

Yes a big mood swing in AAL since Friday's positive upgrade that's for sure!!

Good luck all 👍🏻

[philanderer] 05/12/2023 09:53

The US ratings agency Moody’s on Tuesday downgraded the outlook on China’s credit rating to ‘negative’ from ‘stable’ on the back of rising debt in the world’s second-largest economy.

‘The change to a negative outlook reflects rising evidence that financial support will be provided by the government and wider public sector to financially stressed regional and local governments... and state-owned enterprises, posing broad downside risks to China’s fiscal, economic and institutional strength,’ Moody’s said in a note.

Shares in miners struggled, with China a major buyer of minerals. Anglo American dropped 2.0% in London, while Antofagasta traded 0.9% lower.

[eggbaconandbubble] 01/12/2023 21:36

Up 7.9% on the day. Better than any deposit account!

[philanderer] 01/12/2023 14:14

UBS raised both Anglo American and Antofagasta to ’buy’ from ’neutral’.

The stock also got a boost from some good news from China.

In China, the Caixin manufacturing purchasing managers’ index rose to a three-month high of 50.7 points last month from 49.5 in October. The reading above 50 points indicates growth in the sector.

[eggbaconandbubble] 01/12/2023 13:40

Good! I’ve got a lot of 1p’s and 2p’s in the Spam tin!!!

[tuftymatt] 01/12/2023 11:56

Copper at 3 month highs for me is the key driver.

[eggbaconandbubble] 01/12/2023 11:41

The whole mining sector is up.

Have I missed someting?

[tuftymatt] 01/12/2023 11:31

A much needed boost that's for sure!!

Good luck all 👍🏻

[philanderer] 01/12/2023 11:07

UBS raises Anglo American to 'buy' (neutral) - price target 2,500 pence

[pugugly] 30/11/2023 14:28

buoycat - Could the "analists" end agenda be just that - To drum up trading so thosse on the otersid of the "Chinese Wall" can generate reveneu - The Cynic,,

[buoycat] 30/11/2023 14:10

It takes more than one view to make a market.