If you're trading Glen and it's the best trading share, no stamp duty, moves up and down, very liquid.For bull traders, buybacks underpin a shareprice, I think would get Glen to 385p.If I wanted a shareprice for income, there is other higher dividend shares about.Everyone to their own strategy. |
Buybacks is just another tool attached to market for jobs purposes... |
Sometimes buy back is manipulated by MM to their advantage and hence defies the buy back objective |
"None of us can spend a wasteful buyback"
Amen to that. I hate buybacks unless the company is trading at 50% (or less) of NAV. |
Buybacks every time for me, pushes shareprice higher, surely directors want to take advantage of low shareprice, for us no tax on buybacks, unlike dividends, unless in ISA.But for now Trump tariffs and algos selling and in control, bears have come out of hibernation. |
Not investable atm for either CG or Yield. Forget the buyback, just bring the dividend back into the 8% range.None of us can spend a wasteful buyback.spud |
Trump tariffs war, chance for algos to short miners. |
Bear algorithms in control, it seems. |
BP announced buybacks always good, buybacks is what Glen wants 19th Feb, at 355p surely a gift from the stock market gods, lol. |
BP announced poor results may impact GLEN??? |
Copper low of 3.70 to 4.70 today ... Glen from high of 500p to 350p.. place your bet either copper is too high or Glen is roo low... |
monty...you are here...that chart looks like lower highs and lower lows...I know you haven't met any millionaire chartist yet.. |
Yes your right near 3 year low, the run will begin soon, should have closed around 365p today, but Trump put a stop to that, volume very low today. The stars started to align for Glen. |
Nothing can stop it going up if fundamentals right ie copper and coal prices. As Jim Carrey says in MASK movie SOMEBODY STOP ME...LOL. |
It is flatlinining due to Trump. Otherwise, we would be at 450p |
Watch this fly like BP... MM Tricks too often.. |
Glen near 3 year lows. Something up here monty |
Copper three month high. |
Agreed. Bit like fres being held back and now starting to blow |
Interesting - the volume it pitiful today. Given copper price movements I thought we would have both volume and share price rises. |
This should be north of 400p... |
Copper highest price since June 2024. |
Good news. https://www.africaintelligence.com/central-africa/2025/02/10/trafigura-comes-to-rescue-of-snpc-by-settling-glencore-debt,110373315-art |
Thought the run up to 19th would start this morning, Trump comments stopped it, bears praying share price does not go above 360.5p. I got a feeling we may resume our run bulls.Good two way tussle between Bulls, Bears and algos. |
Trump will he go through with tariffs, in the meantime another division Glen may sell. Will we push on towards 375p, let the algos stop selling then off we go. Coal is a cash cow so not worried.https://www.independent.ie/business/irish/glencore-said-to-be-assessing-sale-of-pallas-green-asset/a1752936272.htmlSo awaiting Viterra news, all been approved, now what will they do with the money, give back to shareholders, buybacks, I prefer over increased dividend. |
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