Share Name Share Symbol Market Type Share ISIN Share Description
Antofagasta Plc LSE:ANTO London Ordinary Share GB0000456144 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +0.23% 867.40p 870.60p 871.40p 877.20p 848.20p 860.80p 2,179,755 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 3,711.5 982.3 43.2 20.4 8,551

Antofagasta Share Discussion Threads

Showing 2926 to 2941 of 3175 messages
Chat Pages: 127  126  125  124  123  122  121  120  119  118  117  116  Older
DateSubjectAuthorDiscuss
05/3/2017
19:34
SBk & JD, I saw the China news too, but was taken by surprise by it. It is almost like a year old press release was accidentally put out. If you remember, they said they were expecting growth of 6.5% 12 months ago, then there were several months of figures of 6.5% exactly which people were very sceptical about, even public Tv commentators. The last quarter or so saw higher growth, I think 6.9% was last month's. My take on this was the Chinese economy was over its blip (remember the Shanghai index halved a year or so ago) and they ultimately implemented some new and additional infrastructure projects, the news of which is what lifted commodity prices off their lows. Now, people are talking like 6.7% growth is bad and China cutting back on infrastructure spending is only going back to the policy position they attempted to implement 12-18 month ago - the plan being that a growing middle class and consumerism will drive the economy as it becomes more mature, much like in the US and Europe (although someone forget to tell the new POTUS). Copper artificially high anyway due to strikes affecting the two biggest mines in the world, if they re resolved around this news being taken seriously, we might see Cu back to $2.25/lb. There is still the fact that Chinese policy back in April, cutting the maximum number of days for miners and other heavy industry workers, but also seemingly prepared to abandon high cost metals and coal production within China in preference of buying on the world market (mostly from mines owned by Chinese companies abroad anyway). There may not be huge copper mines in China, but they do smelt a lot of copper from ore there. Which reminds me, the baltic dry index is well off its lows also, so there is more ore being transported - mostly into China if anecdotal evidence is to be believed. I still don't see any signs that total global demand has risen though, just the supply chain re-jigging itself, especially in coal. As for BARC, I read an article the other day that says its NAV is around 270-290p (it was exact but I can't remember the figure. Rising rates in US and, I think, sooner than currently expected in the UK due to inflation, should provide tailwinds for BARC. Short term, 221ish looks like very strong support, while the tailwinds aren't yet strong enough to push through the 240ish resistance. Not least because of the outstanding gloves-off fight with the US DoJ coming up, I think. Definitely scope for trading between those ranges. However, budget and article 50 coming in the next 3 weeks so it could be all change, even though it shouldn't be a surprise. A lot of people think the FTSE can't correct much while the US is so strong. I know why they feel that, but look what Brexit did to the US markets. The percentage drop was bigger than in the UK. US markets ARE sensitive to what happens abroad as well as at home. Their major companies mostly have exposure globally just as the FTSe 100 top bracket do. I'm tempted to keep adding to my FTSE 100 short position, every time a 3% correction means I can make a profit on the latest tranche. I wonder if you both remember when I opened my position in UK3S (the 3x dly short ETF, UK3L being the opposite of the pair) that I said on the ii ANTO board I very nearly opened a long and a short at the same price? What a good decision that would have been - back in early December. soi's continued success on ANTO appears to be based on betting both ways with the confidence there is enough volatility that all will come good what ever happens. I don't think there's a great deal of T/A or considering macro events - he doesn't have time for it! While I'm sure its all there in his sub-conscious, his trades are basically a fantastically honed instinct and large chaones based on short term price moves. I must say I don't understand why gaps should be filled - and why they do seem to be so often. But HFT algos targeting them to a degree may well have something to do with it. It wouldn't surprise me if all the big trading houses had very similar algos to each other - after all, they're only really in competition with each other, so if they all return much the same, they're unlikely to lose customers to the others and everyone remains happy. I'm just praying that HMG's budget plays into some of the positions I opened expecting changes in the Autumn statement. I'll be selling on any immediate rise in many, some of which are already showing good profit. 2016/17 could be a bumper year even though I've been hedging what are now well north of 20% gains since December. And I haven't counted divis yet. Come the second week of April when I'm back down to some long term positions and a lot of cash (with this year's profits in my back pocket) apart from a couple of plays already being built, I'm unsure what my strategy will be going forward. I'm still not drawn to the SB world, or any type of leveraged trading (except those ETFs where the leveraging isn't my problem). Looks like 2017/18 tax year might be a lot of very short term trades cashing in 5% as soon as its seen, and maintaining a shopping list for the 20% correction when it finally comes. If I pile in at that point, you can be sure it turns into a bear market and loses another 20% Still, I'll deal with that when I come to it. Good luck both!
eadwig
05/3/2017
16:02
Thanks Jack, just seen your post after completing my latest diatribe. I had seen the China news. Be interesting to see if it has any effect on ANTO tomorrow. Could be baked in the price already as this news has already been telegraphed before? IMHO, SBK
sir buns up knealing
05/3/2017
15:56
Dealing with the issues raised above in order of importance: I had a heart - stopping moment late Friday afternoon when I switched from following the COMP race spreadsheet to iii to read "Eadwig the Winner!" This Trump - styled lie was compounded whilst waiting for the U/T when GOS inserted Eadwig as the winner and generally messed about with the SS for ages until he could no longer hide the truth of my glorious victory and massive COMP winner inauguration crowd. Sad or bad that Eadwig should be belly - aching about the U/T. No one has suffered more than me from its vagaries. But at least it was fair and correct on this occasion. Regarding politics. Who knows how we got here? This latest Trump attack on Obama is beyond all belief in content and by all American conventions. It seems that the Trump gang want to keep old spats going to divert Joe Public from their own misdeeds and the fact that they are in disarray and achieving nothing at all as far as their campaign's big agenda is concerned. I'm even sadder about the UK. The political leaders are all now just followers of the thuggish mob. None of the incumbents has the courage just to say that the Referendum was a mistake and the consequences will be economically and socially dire during the Brexit negotiations and thereafter. I noted that soi was asking what the Daily Mail's take on Brexit is! Boy, is he out of touch; In my view the DM tipped the balance in the Referendum. Every day for weeks in ran anti-immigrant headlines: "Migrant scroungers", "Migrant health tourists", "Migrant rapists", etc., etc. The rest of the Right-wing press also fed this narrative, their Billionaire owners being against the EU because of its concern for workers' rights and consumer protection and a challenge to their power. Whither the markets? Who the Hell knows? Given the above state of affairs. A big market correction is certain. Any day or a year from now. In my view is well overdue now but my opinion counts for nothing. The markets are female and made up of many moving parts and therefore defy all attempts at predictability on a daily basis. But now having decided to devote the rest of my life to spreadbetting ANTO I make these observations: competitive advantage, currency movements, political developments, Chinese economy and even the copper price are all factors to take into account. But the most salient thing to watch for are gaps and gap covering. As I have commented before, ANTO is very faithful to Fib R&S over time. The real peculiarity though is it propensity to hunt out and fill gaps quickly (though this may not seem obvious at the time). It has a lot of gaps. Even if the news flow should be sending the share price south continuing a fall after a downward gap it often would rather unaccountably move north to fill it. Recently, unusually, two gaps opened up north following the BLT strike. But these were soon filled. On Wednesday, I think it was, I opened a short at 826 with a view to a gap being filled at 816. Of course the share price immediately sailed up to 840! But I was sure it would head back down to meet and slip below my price fairly soon. The next thing that happened was it headed right down to my point and then blipped up. I checked the iii ANTO BB and found that soi had just gone long with an 827 an 832! Swearing at my screen I pondered: "Is he really that powerful?" Anyway, things soon turned the right way and did indeed plummeted below the 816 gap. So, why should this gap thing be so crucial? Perhaps because there are only a few big players with the ability to move the price? Its a long-term hold for them - the background underlying all the trades, as it is a good and sound company. And perhaps they trade day to day with HFT algorithms, with their hands of the wheel and therefore swings can be big and unaccountable. However, there is a structure there which is trying to be corrective. In sum: "follow the gaps". More than anything else. IMO. The big outstanding and confounding one, is of course down to 750. It'll get there. Shorting above 830 is a fair bet from hereon in. Barc: seems to have run out of steam. Fed hike may push it up to 240 again. But A50 is also around the corner. So, I'm always busy opening shorts in the 230s when they occur. Bound to transit through this level south every time, sooner or later. Both of the above plans are winners for those with time, patience and resources. As with everything in life... Regards, IMHO, SBK
sir buns up knealing
05/3/2017
14:43
SBK, Done. - By the by, posted on iii as maybe of interest for its potential impact on copper demand. As we know, China by far the biggest consumer of copper. Report updated about 7 hours ago, but more inside link. - Regards. "Key points: The Chinese Government has cut its projected growth rates after lower-than-expected growth last year. Leaders are worried about elevated debt levels and an overheating housing market Premier Li Keqiang warns China must be vigilant against economic risks. China aimed to expand its economy by around 6.5 per cent in 2017, Premier Li Keqiang said at the opening of the annual meeting of Parliament. Its economy grew by 6.7 per cent overall last year, the slowest pace in 26 years. A lending binge and increased government spending has fuelled worries among China's top leaders about elevated debt levels and an overheating housing market. China will continue to implement a proactive fiscal policy and maintain a prudent monetary policy, Mr Li said, adding that the Government would press on with supply-side reforms and take steps to control risks and ensure safety in the financial sector." hxxp://www.abc.net.au/news/2017-03-05/china-cuts-growth-target-amid-push-for-debt-reduction/8326434
jackdawsson
05/3/2017
14:06
Hi Jack, 233.25 (or nearest available) please. Incredibly, after I had done all my TA and read the runes I came up with 229.5! Then I find soi is already there!!!! How does he do this mind invasion trick? I'll post this up quick now and come back later to express how much I hate Trump and Eadwig. IMHO, SBK
sir buns up knealing
04/3/2017
00:59
Hi SBK, Thanks & no problem. But should you happen to visit the USA anytime soon (the sooner the better, IMO) & want to put your RM Green Beret experience to further good use, as a favour to me & myriads others, I wouldn't blame you one iota for taking out Trump. Naturally, I don't mean out to a local restaurant or bar. ;o) Patently, the fake in the White House, no doubt geed up by his former Goldman Sachs associates, continues to give it his all when it comes to pumping markets ever higher. Regardless of whether he can deliver on all his promises or not. This not only creates a dangerous bubble, it's now costing me some serious money. The world at large cries out for a Lee Harvey Oswald moment! - Regards & GL.
jackdawsson
03/3/2017
21:45
Hic!! Tanks Jack, yer a starr... Just before I set about bottle Numero dueux, I would like to say that I have constructive comments, realtime, to make about trading ANTO and also Barc but I find myself somewhat discombobulated by the Barc iii BB adoration at the moment and a bit slowed by libations. Suffice it to say that I am about to overtake soi as the pre-eminent share Guru on all the BBs everywhere. I have got better and more handsome, whereas he needs a holiday and a facelift. I mean what was he doing shorting SNAP, buying LLOY at the top, getting involved with Capita at results time, etc. Madness. IMHO, SBK (Next in line for the Barc COMP Kingship). P.S. Follow the gaps.
sir buns up knealing
03/3/2017
17:31
Ha! Off out now to acquire a bottle of Champagne, as my cellar seems to be rather empty. Maybe a whole case, or at least a Magnum? Back later to celebrate my no doubt popular victory in the Barc COMP with myself here on the desert island. So fitting to win the COMP on this day, the anniversary of being awarded my RMs' Green Beret (which I have on my head at this moment) a few years ago. The cream always rises to the top despite the slings and arrows of outrageous fortune being hurled at one. When the going gets tough, the tough get going, and ANTO traders are the real hard and hairy chested men, etc. Whoop! Whoop! IMHO, SBK
sir buns up knealing
03/3/2017
12:31
Hi ANTO being it`s usual crazy self. re French elections Macron will be the next president. Already decided by the establishment who will do all they can to defeat Le Pen ATB soi
soi
28/2/2017
08:30
SBK, An unreasonable deportation clampdown is spreading in UK & now affecting ever more aspirational young people, too. Maybe of interest: hxxp://www.change.org/p/amber-rudd-mp-stop-shiromini-getting-deported-she-is-three-months-away-from-completing-a-degree?utm_source=action_alert_sign&utm_medium=email&utm_campaign=716978&alert_id=VphljPBsjW_2CN9PWDSTgxtH2bRE20BMDOlsE7n%2BZ8KGkdXI1hfSXc%3D By the by, decent day so far for ANTO shorts. A growing trend of lower lows & lower highs. A few gaps below may get filled sooner than later. - Regards.
jackdawsson
27/2/2017
22:36
Hi SBK, Thanks. Glad you prospered some more with ANTO. I'm still thinking perhaps even lower soon before it goes back up again. I caught that linked story earlier & initially I could barely believe what I was reading. First thought was: so we've truly regressed as a fair nation which once treated all people who live here equally... not that it was ever even nearly perfect. Very sad! Re Peter's points, who I sincerely respect, & others I've spent some time contesting the past 24 hours: as you'll gather, IMO, we should NEVER collate crime data based on religious or racial grounds. That risks playing into the hands of those who'll exploit that information for other purposes. Did we ever do that with Catholics, Protestants, et al, in past decades at the height of sectarian troubles? Did anyone put forward the idea that we should do so? Why some are so keen to do so now, I'll reserve judgement about. As I said on iii, perhaps we should start compiling data on religious & racial grounds with members of the corrupt elite first? But I greatly doubt very many would be as keen on that idea. ;o) - All the best!
jackdawsson
27/2/2017
21:55
Jack, ANTO good to me today. Probably because soi hasn't posted on that board since 10am, Maybe he is a gonner? Totally agree with all of your above points. There is currently an attempted suppression of views by opposing political groups everywhere. This is a bad situation. As we know, when words cease to fly bullets will. I'm prepared to argue my case out and not prevent others to do so. But here I am in limbo land. Anyway the breath - taking annoyance of the day: http://www.bbc.co.uk/news/uk-39099574 The full story is even worse. But I guess it gets another tick up for the ghastly Mrs Amber Rudd by the xenophobic mob? Finally, I was wondering if you would kindly communicate my invisible tick up to Peter Alan's last excellent and logically true post on iii? Cheers, IMHO, Regards, SBK
sir buns up knealing
26/2/2017
12:56
Hi SBK, Thanks, though I'm a bit surprised you hedged your ANTO short at 868. It may of course go higher again later, but right now I don't see an overwhelming case for it massively so. Not unless copper breaks out. But frankly, I think we're at a point where no-one can be too sure of what's next, nor how much of Trump's agenda is priced in. So it could work out well for you. Naturally, any blame for my trades lies squarely with me, future positions included. I'd already considered a 5th ANTO short, but then UKX, where I've still 3 shorts, continues to defy all Brexit challenges, fears, uncertainties, etc. Despite weaker Sterling & commodity spikes, it's still quite high. Those shorts need settling. Who knows when? On iii's UKX BB we have Barcap calling 6500 soon. But most other TA traders are seeing 7500 or even 8000 first. Like I say, no-one really knows & I still plan to take available gains at sub-7100. Then I might consider adding a position to ANTO. However, I'd also like to close a couple of BARC shorts first, opened at 190+ & 232+, even if for break-even. Fact is, I'm holding considerable paper losses with leverage largely for reasons mentioned to Jalopeno, 02.24 yesterday morning. Quote: "What's commonly observable with SBs is that manifold temptations of leverage render many traders vulnerable to taking on more risky trades. For eg. shorting miners, oilies, indices, etc. Not least as those trades also offer better prospects of seeing bigger profits, far sooner. Some such risks wouldn't even be possible for retail traders limited to FTSE stocks. I think taking on those more risky trades, then over-staking from poor discipline, is what finds out most spread-bettors. If not immediately, then almost certainly eventually." Thus, following my own warnings to others, I really don't want to be adding SBs, risking further damage & more funding. Either I'm right & my positions will come back to me shortly, or I may need to pay a heavy price, including closing my SB account & sticking with what I know is profitable for me. That'll also free up time for other obligations, such as have been demanded of me recently. - All the best!
jackdawsson
26/2/2017
12:13
Thanks Jack for keeping my legend alive, Last week was something wild. Especially Thursday, when I had to deal with two market position crises at the same time, re: ANTO and Barc. I survived nicely due to some pretty nifty trading if I do say so myself. Take Barc: it rose strongly in the early session, sitting comfortably above 240. Then at precisely 10am the market decided Barc was a bad thing and the share price plummeted, just as if some master criminal had flipped a switch! I think there are some good range trading opportunities with this for a while between, say, 214 - 237. Banks may get more upside pull when the Republicans come out with their tax & regs policies. This might begin on Tuesday when Trump gives his "State of the Union" speech. The market may swallow the B/S? Down the line I reckon Trump won't last. Like Nixon he'll fail to win against the Press, the FBI and CIA. They will, with increased vigour now, keep opening cupboards until they find an entire ossuary, no doubt. ANTO: I'm still well underwater there - due to an overnight protective long at 868. Logical at the time but wisdom counts for nought with ANTO, as you know. So I'm kind of tied between two horses at the moment which are pulling in opposite directions. But I would really like it to head north at the moment. This situation is mostly the fault of me getting back into this share because of Damps' encouragement. One consequence of my not being able to post on iii is that peeps are losing money. Take soi on Friday, he was insanely adding ANTO longs at 829, 821, 819, etc., all the way down (joined by Rhino). If I had access to the ANTO board I could have told them it was heading for sub £8. Plain as a pikestaff to me at the time. I was actually shouting at my screen... but of course they would have taken no heed. Rhino is a pachyderm and soi has gone mad. He now thinks that he is a General in Ancient China. More like Admiral Arima, methinks? Soi will get to a good place with ANTO in the end, naturally. But he sure likes to take the scenic route! As he promised, I'm sure my 736 short will come good, despite zooming up to £9 first! With regard to your ANTO position I sincerely think that it time for you to add a short above £8. It is almost certain to improve your overall position in time. Probably as soon as the BHP strike ends. I do realize that it is usually folly to take the advice of others but in the event of things going wrong one has the benefit of being able to blame the adviser. After all, who else is there to point the finger at? IMHO, Regards, SBK
sir buns up knealing
25/2/2017
16:06
And this week's winning Barc COMP entry is.... 231.25. TIA. IMHO, SBK (Regarding the latest vulture fake news: I am still a member of iii in that I have an account and can sign in. Just not allowed to speak).
sir buns up knealing
21/2/2017
21:56
Jack, See all of the above. Your pertinent quote: "But for now, market behaviour in USA suggests no-one considers anything much bar, "buy, buy & buy!". As evidenced by successive record highs. There seems no end to it, so strong is the euphoria. Quite irrational at times!" IMO, its all irrational. I was there in 1999 (tech partying like it was 1999!). This is bubble time again. I studiously stay one tight step short on everything just to be ready when the cards collapse. IMHO, SBK
sir buns up knealing
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