Glencore Share Discussion Threads

[rackers1] 25/8/2016 08:38

link please for the FT Lex Asia.

[sr2day] 25/8/2016 08:21

if you are patient enough it will get there either today or tomorrow imo.

[tsmith2] 25/8/2016 08:12

Full article anyone?If these get £1.7 top up time

[nortic 007] 25/8/2016 07:41

I must say that article in Lex reads very well indeed .

[kdr246] 25/8/2016 00:06

"Feather in his cap" A good read and opinion in FT Lex Asia. The outlook is a positive one assuming the underlying commodity prices behave with targets achievable, future dividend and share price uplift. Thoughts?

[hem007] 24/8/2016 22:58

Please check these two stocks. One is up and coming BIG and the other really doesn't need much nursing EGO. The two together would be something that you don't want. To miss out on. Play nice all.

[sr2day] 24/8/2016 22:35

ignore at your peril.

[bigbigdave] 24/8/2016 14:47

Ignore, been on my filter list for some time.

[tsmith2] 24/8/2016 14:40

of course - divi being reinstated FY = compelling short

[scemer] 24/8/2016 14:20

Whats compelling sr2 could you expand

[sr2day] 24/8/2016 13:56

yes compelling short, first target of 179 breached today,next target 160p.

[tsmith2] 24/8/2016 11:04

Compelling short - lol

[russell250] 24/8/2016 10:54

webcast was very positive this morning - I just added more at 179

[younasm] 24/8/2016 10:07

I have started to buy at 181p -- will buy more over next 2-3 months once the price stabilises / stops falling.

[sr2day] 24/8/2016 09:59

more downside risks in my view.still a compelling short.

[ukgeorge] 24/8/2016 09:18

 Glencore 1H largely on target. EBITDA of US$4,020m (Investec US$4.1bn/ Consensus US$3.9bn) leading to underlying EPS of 2cps (Inv3.6x/cons 2.2cps) down 71% YoY. Non-recurring items took US$669m off earnings leading to a 3cps loss. Marketing EBIT guidance of US$2.4-2.7bn is retained, having delivered US$1.2bn in H1, up 14% YoY, but elsewhere mixed performance. Net debt stands at US$23.58bn (Inv US$24.8bn) with net debt:EBITDA at 2.91X. Source: Company


Investec view: At first pass a reasonable result although consensus numbers suggest that some of the market will have expected better. No major positives or negatives with the company lifting debt reduction target slightly. The company remains heavily geared but expects to receive cash from transactions in H2, accelerating deleveraging and is targeting US$16.5-17.5bn by y/e, down US$500k from previous target. Presentation at 8am should provide more insight.



 Glencore sells down part of Ernest Henry. Glencore is to receive A$880m from Evolution Mining (EVO AU) to deliver gold, copper and silver from GLEN's Earnest Henry Mine's output. EVO will pay cash contributions equal to 30% of production and capital costs associated with copper concentrates, and receive 30% of gold and silver payable and 100% of gold production. In effect Glen is selling a 30% stake and a gold stream. The mine currently produces 60ktpa Cu and 80kozpa Au and has a mine life to 2027. Source: Company

[bigbigdave] 24/8/2016 07:10

"Delivering on our debt reduction plan, underpinned by industry-leading cost performance and robust operating cash flows"

[losses] 23/8/2016 19:02

Hope so fully loaded here

[heliweli] 23/8/2016 17:23

Hopefully good results tomorrow.

[younasm] 22/8/2016 21:58

Sr2day post 16th Aug -- pretty good.I have partially closed new short positions @ 183p. I have plenty of long and short positions -- will cash in the winning side on wed 24th Aug -- I can't see these going over 200p anytime soon. On the downside, 150p should be solid support, that's up from 125p for the last 6-months.

[anley] 22/8/2016 14:46

David Herro trims holding in Glencore to about 6% from 8.5%

That is why the shares have gone down...........that's a lot of shares for the MM to digest...............

[russell250] 22/8/2016 14:08

all eyes on fed - glencore in good shape but dollar impacting all miners / gold / oil - another disposal would be good - ofset concerns of Glasanberg on buying spree

[sr2day] 22/8/2016 13:44

nobody can dictate to the market.lesson not to be forgotten.take your profits and run.

[woody888] 22/8/2016 11:56

yes Swerves very poor and somewhat embarrassing - I was expecting positive momentum up to Wednesdays interims based on my perception that commodities have bottomed, GLEN debt reduction is ahead of target and my view was compounded by the aftermarket activity post Friday close.