Anglo American Share Discussion Threads

[pcok] 12/12/2023 13:09

At what price does this become a screaming buy.

[sundial1] 12/12/2023 08:54

Chopp1 there's copper mines and copper mines. when cost production taken in to account.similar to oil fields.it will help other mining companies more ..pushing up commodity prices,problems with mining in Afirca it's not a civil continent to operate in.still early days with court action.if Anglo lose court case, see 1500 area.

[ukneonboy] 12/12/2023 08:04

Anglo American forced to cut De Beers’ Expenses by $100 Million
==================================================================

Anglo American will be forced to slash De Beers’ overhead costs in response to the diamond-market downturn, the parent company has warned.

The current downturn maybe temporary, but there are few signs that the market is “beginning to turn.”

De Beers incurred a loss in the second half of 2023 following sales of just $80 million.

Unfortunately De Beers kept production steady in the second half of this year — leading to an inventory buildup.

[gah123] 12/12/2023 08:02

Back to 3000p within 6 months, low risk hold

[chopp1] 12/12/2023 07:55

I really fail to see the issue. It makes perfect sense to adapt production levels when demand is low and ramp back up when demand increases. This will significantly cut operational costs, force the price of base metals up especially copper which will offset largely the drop in production. And all off a Lower cost base. What’s not to like? I can see other miners considering a similar strategy. The market may not like it but it makes perfect sense.

[philanderer] 11/12/2023 23:53

Market report:

Glencore declined 3.8% reflecting the weak economic data from China and after it was touted as a possible bidder for Anglo American.

Anglo American tumbled 19% on Friday after lowering production targets but rallied 0.8% on Monday.

The Times noted a report from analysts at Jefferies suggesting that if Anglo cannot revive its fortunes and its share price ‘continues to lag’, it may become ‘involved in the broader trend of industry consolidation’.

Jefferies pointed to Glencore as a potential suitor.

They noted that Glencore-backed Xstrata proposed a merger with Anglo in 2009; Xstrata has since been fully subsumed into Glencore, which is in the process of buying the coal assets of Canada’s Teck to combine with its own coal assets into a spin-off company.

The analysts said that Glencore‘s strategic fit with Anglo after the Teck deal ‘appears even stronger now due to operating synergies, even greater marketing benefits, and a cost of capital arbitrage’.

[sundial1] 11/12/2023 21:28

I think the same at least when Africa ,now with court action.bouncing lower.like Rio in Australia

[zam1] 11/12/2023 21:00

I agree I expect further drops bottom below 1500 is my estimate. Avoid.

[montyhedge] 11/12/2023 20:43

Dead cat bounce it seems.

[ukneonboy] 11/12/2023 16:53

A wiser man than me, once said:

"Always ignore the share rampers, they are talking their own book and they are desperate to get out"



I say:

"Only a fool tries to catch a falling knife and there are plenty of fools on ADVFN"

[shabirm] 11/12/2023 12:00

AAL is still making £bn profit but reduced amount and will capitaliae on opportunities offered by the market.

[philanderer] 11/12/2023 10:55

The Times: Anglo American faces a possible takeover or merger approach after seeing £30bn wiped off its value since its chief executive took charge less than two years ago, analysts say.

[neilyb675] 11/12/2023 10:36

Director buys....

[montyhedge] 11/12/2023 09:46

Is it a dead cat bounce?

[siddiqur] 11/12/2023 08:48

Closes over 19 by 11 defo by the end of the day

[ch1ck] 11/12/2023 08:43

Bought 40 percent more at the open the drop is way over done.I have been picking up stocks which have been overly discounted on bad news selling some and holding the gain.I can see mining stocks as leading the gains next year and some of the largest firms agree, saying tech will still rise but it won't be the leading sectorHappy trading

[sundial1] 11/12/2023 08:26

you gonna get big tree shaking redart.before big bounce,by the market makers.

[factsandfigures] 11/12/2023 07:56

Anglo American plans to reduce iron ore and copper output in the near term to lower costs, as it tries to boost its share price.

AAL shares have already slumped by over 30% this year .

After the production, capex, and costs guidance on Friday, shares of Anglo American – which produces copper, nickel, platinum group metals, and diamonds, among others – fell heavily on the London Stock Exchange.

Year to date, Anglo American’s shares has lost 36%, compared to an 11% share price increase for Rio Tinto and a 5% rise in BHP’s share price so far this year.

[tuftymatt] 11/12/2023 07:51

Takeover talk today doing the rounds.

I wonder if that will help lift the price??

Good luck all 👍🏻

[kirk 6] 11/12/2023 07:46

Ouch some big cuts in prices there

[foxy22] 11/12/2023 07:43

Very wide ranging target pricesWonder where it's heading todayUp or more downside I think a bounce to 20

[bigbigdave] 11/12/2023 07:08

BARCLAYS CUTS ANGLO AMERICAN PRICE TARGET TO 2575 (2865) PENCE - 'OVERWEIGHT'
BERENBERG CUTS ANGLO AMERICAN PRICE TARGET TO 1500 (2200) PENCE - 'HOLD'
RBC CUTS ANGLO AMERICAN PRICE TARGET TO 2200 (2400) PENCE - 'OUTPERFORM'

[foxy22] 11/12/2023 05:59

V interesting take on recent share price plungeSo glencore could come after Aal copper assetsThey didn't mange to get hold of Tecks

[leoneobull] 11/12/2023 05:29

https://archive.vn/2023.12.11-013708/https://www.thetimes.co.uk/article/anglo-american-tipped-for-takeover-after-copper-shock-hvxlp7gd5Tipped for TO but only if shares fall further