Glencore Share Discussion Threads

[madmaccer] 09/2/2024 10:02

Another gap formed, 395ish.

[uncertain times] 09/2/2024 09:15

Wasted money on all of those expensive buybacks, should have given larger dividends instead.

[84stewart] 09/2/2024 07:59

Looking through the forecasts Divi for 2024 is 18p PS very slightly more than it is now taking exchange rates into consideration,any institutional selling seems to be take up by Private Investors ,the mining sector in general is being hit Glen is at the moment financially sound with fingers in a lot of pies?

[backmarker] 09/2/2024 07:37

One factor weighing on the share price may be the expectation of a lower dividend this year.I'm not sure if GLEN is regarded as an income stock but if so I can imagine that income funds may be reducing their holdings and rotating GLEN out.

[philgyuk] 08/2/2024 18:04

"The London-listed miner kept its expectation for 2023 profits from its trading division to come in at $3.5bn, above its long-term guidance range between $2.2 billion and $3.2 billion."

Let's hope it's true!

[frank_spencer] 08/2/2024 17:31

Has anyone ever met a GLEN buyer? They appear a bit thin on the ground at the moment.

[madmaccer] 08/2/2024 16:47

depressing...

Yeah it is depressing when your average is in the 460s. As the guys in cryptospace usually say it's time to 'HODL'

[action] 08/2/2024 16:11

400p looks like it is gone..375-385p

[action] 08/2/2024 16:10

Copper down. GLEN down.

[backmarker] 08/2/2024 12:40

The 400 support area is long standing. So it's critical this holds or we might be going further down.The hope must be we will bounce and head back to the 480 resistance area.I haven't been following GLEN for long, but it seems to me to be a bit boring. But being stodgy can be good, particularly if the share price is at the bottom of the channel. I would prefer a higher dividend, and the expectation for this year seems to be for it to be less than last year..If I have understood correctly then fair value for this share is at least 450-500.So I rate it a Hold unless there is a serious break lower.

[mhrangoon] 07/2/2024 20:44

depressing

[erocnelg] 06/2/2024 19:50

Looks like copper going up so maybe a good day 2mr atb

[tuftymatt] 06/2/2024 08:25

Let's hope so KKTJ

Good luck all 👍🏻

[kktj] 06/2/2024 08:19

At least the gap from 23/24.01 got filled yesterday. Hopefully the next gap to fill will be the 438 one.....

[kktj] 05/2/2024 09:01

Agreed, there's enough swing in the share price on daily basis to make a few bob (or loose if you are too greedy!). And for that, not having the stamp duty makes a big difference.

[action] 04/2/2024 11:30

Ii trade on daily swing specially after 1.30pm to 4.30pm

[montyhedge] 04/2/2024 08:36

You're right, it soon adds up, I gone to US stocks no stamp duty. Just keep dollars in account to avoid fx fees.Also much more movement Nasdaq.Must admit, I can't see Glen profits being great, if they pay a special dividend and more buybacks then a big move up, otherwise 385p my call.

[erocnelg] 03/2/2024 22:53

A little bit of gold atm is wise for sure

[action] 03/2/2024 15:50

I usually buy RMAP or SPGP.

[84stewart] 03/2/2024 15:32

Ox3f I only pay £5 irrespective of size of trade no annual fees withdraw original investment back into bank acct same day leaving any profit for another day I don’t do CFDs a lot of people swear by them some just swear.

[erocnelg] 03/2/2024 12:45

Oh and aim is free of stamp duty my favourite is Burford and caml

[erocnelg] 03/2/2024 12:20

Yes I agree cey is also a non stamp duty on gold. I think we will go lower again next week so I will probably buy at 404

[action] 03/2/2024 11:00

For day trader shares without stamp duty is win win situation .

[0x3f] 03/2/2024 10:41

Buying non British shares will generally involve paying broker FX fees which are much higher than 0.5%

If you choose to buy UK listed shares who's head office is outside UK (so no stamp duty) then you're limiting your investment universe significantly and so it *may* be a false saving - there's likely better value companies where you'd have to pay stamp.

[84stewart] 03/2/2024 09:44

Buying shares in 2 companies 1 British? Buying 1000 @£54 = £54000 + Stamp Duty £270 . 1 non British 1000 @£54 = £54000 + no stamp duty = £54000 saving £270 per trade no brainier,you COULD trade up to 3 times a day saving £810 ,pluse some non British pay better dividends,this is my take on this