Anglo American Share Discussion Threads

[philanderer] 26/2/2024 12:39

Sector well out of favbour


Barclays cuts Anglo American price target to 2,500 (2,630) pence - 'overweight'

[philanderer] 25/2/2024 00:08

Anglo American boss insists: Our future lies with North Yorkshire mine we rescued

[cumnor] 22/2/2024 13:59

Market already priced in big miners' divi cuts-it's not news to those in the know, and so the sell off anticipated this across the board over the past months. Now the anticipated bad news is out of the way the serious money is collecting miners on the cheap-note they were all quite bullish for 24 and forward on metals demand. There is no one else mining them and demand will continue to grow. The only ones 'surprised' at mining results were mug retail traders and, as expected, they panicked and sold but no share price collapse as investors top up.

[1knocker] 22/2/2024 11:43

What have we all missed? Were the results expected to be worse? Or is it the cost cutting which has sparked what seems set to be the best day we have seen for quite some while?

[1knocker] 22/2/2024 10:57

I have bought more Glen on the dip.

[philanderer] 22/2/2024 10:12

I'll carry on holding (along with RIO)

[juliemara] 22/2/2024 08:37

You've focused on the negatives rather than the one really important part:
Women in management is up from 32% to 34%, exceeding target!

[turvart] 22/2/2024 07:59

AAL EPS 23 Cents LOL!!! this is going to the dogs I wouldn't be surprised if Woodsmith get put on hold in the near future, this is a disaster of results for AAL.

[tuftymatt] 22/2/2024 07:51

Yeah along with GLEN and Rio yesterday I am getting a right kicking in this sector!!

Good luck all 👍🏻

[turvart] 22/2/2024 07:24

Absolute rubbish results, wouldn't be surprised to see the share price below 1600 today.

[neilyb675] 21/2/2024 15:51

1723.00 - 1723.60 (GBX) at 15:51:15
on Market (LSE)

[casket1] 21/2/2024 14:35

Filtered !

[blackhorse23] 21/2/2024 14:28

Money moving to APH [LSE] , excellent growing health care company

[philanderer] 21/2/2024 00:17

"......Rival miner Anglo American headed the other way after production at its iron ore business fell in the final quarter of last year following logistical challenges.

"Shares dropped 3.3 per cent, or 58.4p, to 1719.6p."


Mail market report

[fuji99] 20/2/2024 09:42

ScepticalInvestor: "the SA economy is held up by the value of natural resources." - This is reflected in the weakness of the Rand. In 1995, £1 = 6 Rand ...
Similar scenario when Rhodesia became Zimbabwe with Mugabe knocking the last nail ...

[scepticalinvestor] 20/2/2024 08:00

From what I understand, the SA economy is held up by the value of natural resources.Given the substantial drop in value, it no doubt makes intl investors question their investment strstegy over there. Not even Guinea Bissau has as many power outages as SA. Are they still happening?

[philanderer] 20/2/2024 00:10

The platinum arm of Anglo American PLC (LSE:AAL) could axe around 3,700 jobs at its South Africa operations as part of restructuring plans to cut costs after sharp falls in platinum-group metals prices.

Shares in Anglo American Platinum, known as Amplats, announced a 71% tumble in annual underlying earnings to 14 billion South African rand.

The contribution to underlying EBITDA at its FTSE 100-listed parent, which owns a 79% stake, will be around US$1.2 billion.

The financial results are "reflective of the weakness in the macro-economic environment and lower PGM prices", with the main driver of the all-in earnings being a 35% decrease in the PGM dollar basket price, most notably palladium and rhodium.


proactiveinvestors.co.uk

[casket1] 19/2/2024 17:22

I believe declaration date is 22nd Feb

[neilyb675] 19/2/2024 14:54

1782.60 - 1783.20 (GBX) at 14:54:30
on Market (LSE)

[linton5] 16/2/2024 08:11

Keep going neily 4 down a few hundred to go 🤡

[neilyb675] 16/2/2024 08:08

1827.60 - 1829.00 (GBX) at 08:08:23
on Market (LSE)

[fuji99] 15/2/2024 08:37

The one negative hanging on FRES though:

[philanderer] 15/2/2024 00:31

'Stocks to Watch'

When the London-listed mining majors report financial results next week, costs are likely to be key focus for investors following signs of operational stabilization in their production reports, Citi said.

Rio Tinto, Anglo American and Antofagasta are the bank's key sector picks, while Fresnillo "remains an attractive precious-metal play."

[fuji99] 14/2/2024 16:34

casket: A good portfolio. I agree that holding stocks with a decent yield is far the better way to invest when there is uncertainty in the economy. ANTO and a smaller fish CAML look interesting.