Glencore Share Discussion Threads

[action] 15/1/2024 19:53

I wish it go down to 430p or 482p rather staying at this level.

[montyhedge] 15/1/2024 10:22

Can't see a special being paid or buybacks, so being cautious.

[tuftymatt] 13/1/2024 22:00

Good to see a positive write up as it can do no harm.

I think "cautious optimism" is correct too as we are paid well while we wait for the rally.

Good luck all 👍🏻

[masurenguy] 13/1/2024 17:37

Glencore
The Daily Telegraph

With China’s economy tipped to rally, there are reasons for cautious optimism about commodities in 2024. Even if prices disappoint, on a mere 11 times forecast earnings and yielding 7.4%, shares in this FTSE 100 mining business are going cheap and thus offer a significant margin of safety. Management is beefing up exposure to key “transition metals” such as copper and nickel that will lead the next commodity bull market, so now is a good time to buy for long-term capital growth potential. 466p

[action] 12/1/2024 11:43

Copper edges up from 4 ek low on China stimulus hope

[action] 12/1/2024 10:00

Waiting to buy some more after us open.

[tuftymatt] 12/1/2024 09:47

We are being paid well to wait is what I keep telling myself when we are on the wrong end of one of these swings.

I think 530 may be a touch too high in the mid term but don't see why 5 something can't be hit at some stage this year. From memory we got to 476 recently so what's another 5% or so.

Good luck all 👍🏻

[kktj] 12/1/2024 09:24

Another buy target -

Goldman Sachs reinitiates Glencore with 'buy' - price target 530 pence

[action] 11/1/2024 19:06

Missed the early spike today.

[montyhedge] 11/1/2024 14:54

Glencore I will wait for figures to see if buying, my only Nasdaq stock at least going up Fortinet Inc, US tech just seems a bit more exciting at the moment.

[sundial1] 11/1/2024 09:34

Lowest price will be around here bouncing. even on down turn ,world's demand for copper ,price will keep at around here minimum ,reflecting Glen's price

[kktj] 11/1/2024 08:52

Anyway, broker targets usually comes out of their...... I've slowly started adding to my trading pot since yesterday. It's testing the 200sma support after breaking above in Dec. Hopefully it holds otherwise the share price could be stuck below the 200 as it has done since last March. And still 2 gaps left - one at 436 and the other at 482...

[tuftymatt] 11/1/2024 08:09

To be honest what's not to like about that.
They state buy with a target of 540. OK it's not as strong as 560 but we would all take it right now!!

Good luck all 👍🏻

[bigbigdave] 11/1/2024 07:18

Not so sure!

DEUTSCHE BANK RESEARCH CUTS GLENCORE PRICE TARGET TO 540 (560) PENCE - 'BUY'

Hey, don't shoot the messenger!

[action] 11/1/2024 07:15

Copper up. Silver also up. GLEN should be up today

[hasin] 11/1/2024 06:50

Final results
21 February 2024

[zam1] 11/1/2024 06:50

Final results on 21-02-24

[mhrangoon] 11/1/2024 06:41

When is glencore 2023 result?

[arja] 10/1/2024 09:06

perusing chart , 430 area might be a good buying point

[baldrick1] 09/1/2024 22:11

?uyers are very keen on GLEN..gla. 25-30 percent short term gain.

[action] 08/1/2024 09:44

Bght some to average down

[montyhedge] 08/1/2024 09:22

I just have a feeling their figures will disappoint, I have no position long or short, but ready to press the buy button if they do.

[tuftymatt] 05/1/2024 14:14

A nice bounce following US non farm payrolls.

Good luck all 👍🏻

[uncertain times] 05/1/2024 11:06

Toss of the dice Meb

[meb123] 05/1/2024 09:14

That's very helpful Uncertain . What do you think the trading strategy should be under the circumstances you outline?