UBS expects Glencore to declare a base distribution of 1.8 billion dollars or 15c a per share with the first tranche of $900 million to be paid in May and repeated in September. It also forecasts a buyback of $1.8 billion, which will lift net debt to $10 billion.The bank thinks a buyback is more likely than a special dividend that Glencore are still below 400p.There's also potential for the buyback to be enhanced by a further $1 billion if an agribusiness merger involving Glencore's interest in Viterra completes before the results on 19th Feb.Now if UBS are right in my opinion we are going back over 400p.With Trumps tariffs I suppose we have to wait and see. |
https://poundf.co.uk/glencore-share-price-forecastApparently back in the 200s next month... |
What is the purpose of cutting the price target but have buy rating...when share price trading 350p well below 460p target...all scientific calculations gobble-dy-ghook... |
Try not to feed the animals on here |
Take 460p target and a Buy from Citi anyday. |
To prevent billions of upcoming loss they should grow some Cocoa beans |
Citigroup cuts Glencore price target to 460 (480) pence - 'buy' |
Greatest prediction of all time breaking 325p and heading 234p |
Diku will tell you who's the No.1 trader, lol |
Trump throwing out tariffs like confetti...has everybody really understood these tariffs?... or just running market sectors like headless chickens... |
In Monty we Trust |
Look at the chart of HSBA...HSBA has been cushioning FTSE.... |
Don't worry when bulls back in control, Glen will have a nice run up to 19th Feb.Trump tariffs gave bear algos the opportunity to short the hell out of Glenccore. |
FTSE UP even when mining sector down...amazing |
Yes why was GLEN stuck below 350p... |
Something is going on as BHP RIO did move up and down buy Glen is stuck .. |
I am a bull never want to short any shares.. |
Don't do it, Everyman and he's dog gone short on the Trump tariff trade, there will be a massive bear squeeze 19th Feb. That's my opinion, but shorting at 349p seems high risk, but hey who knows. |
Thank you . |
I.G. Index.
spud |
I do not have avenue to short any shares even if I want...LOL. |
Will buy at every low level.. |
I love HSBC, not for trading for income isa.I don't like giving gov .5% every time I trade. That's why I like trading Glen.Action, you could be right 340p 10p profit downside, upside 30p, for risk reward I can't short at 350p.Don't forget bears have to buy back one day, one bit of positive news, bear squeeze. |
monty...that HSBA price is like tech boom chart...blow off territory... |
Broken 350p. Next stop 340p again? |
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