Glencore Share Discussion Threads

[staffy dog] 06/9/2016 16:04

GOOD PROFIT HEER FOR MY CRUSE

[umitw] 01/9/2016 09:33

Ok who's buying GLEN?

[flyingbull] 30/8/2016 14:31

August was a good month for the oil price. The challage is on for September!
Which oil stocks will gain or lose?
Please enter your entries by clicking the following link

[madoff with cash] 30/8/2016 14:19

gotta agree with sr2day on commodity prices. commodities and hence miners have had a respite in the last few months. Again it's down to dollar a little bit weakening over the same period. now fed rate hike is on the table again and it's not good for commodities in general. what is alarming is the dumping of gold earlier last week. remember soros also cashed out from his investment in a major gold miner.
I had exposure to commodities though. But through bonds. I was lucky to have bought many high yield bonds from oil and gas and a certain coal miner in Feb. Turns out they are much better investment than equities.

[sr2day] 30/8/2016 10:38

commodity prices still have further downside and this is more important than anything else regarding miners.160p is next support here once 178 goes.the most important support will be 120p and if this goes then penny share once again I am afraid.filter me if you are not happy but this is the way I see it .

[kdr246] 30/8/2016 10:31

I guess my thought is focus on the debt reduction targets, asset sales, F production costs which should lead to an uptick in free cash flow, improved credit rating and easier refinance opportunities down the road. The share price will then take care of itself.

[kdr246] 30/8/2016 10:01

Madoff with cashIt is extremely difficult to comment on a production hedge unless you have the details incl. size, duration, style complexity and whether it includes a form of loan/prepayment or is solely a price hedge. A mtm loss does not mean a loss if it still has significant duration left. Many hedges are put in place to protect an asset life which would be under duress in a stressed underlying price environment. I assume details are not in the public domain yet but coal revenues were $7.9bn in 2015?

[madoff with cash] 28/8/2016 00:17

scemer, the guys' met coal hedge should tell us about their ability to make money. Granted they sold their future gold at around peak. That's positive. But the accounting is not very honest. Six months ago, presenting year end net debt fig, they used inventory reclassification (to the effect of reducing net debt by $1.5B). But now they stripped off the mark-to-market loss ~$400M from adjusted profit. You include that number and the loss would be even worse. Sounds fishy to me and the smell of fish is welcoming sign for bears.

[russell250] 27/8/2016 10:56

yesterday on tip tv - friend of mine zak mir who hosts the show asked a specific question to a mining specialist Charlie Gibson re Glencore.


Tip tv although broadcast live Monday - Friday at 8am 10am and 1 pm - the shows are recorded if you want to view yesterdays episode with glencore talked about log on to www.tiptv.co.uk no cost select yesterday`s morning show at 10am - the section on miners is just after 8 mins in. you can fwd.

incidentally there are several recording specific to mining.

I have held glencore since last October - making reasonable returns through to February. In feb I made the most money I have ever made on one stock when I went in very heavy on the significant upturn.
I did have a sizable loss in may an june but this has now fully recovered.

I recently sold down at 1.98 as I was heavily exposed on this stock - I then topped up after recent falls -
it is still my number one position I use a combination of a sipp / isa`s and trading account for my investments and am looking to stay with glencore for another 6-18mths.
I also hold kaz , rio, blt and cey

I don't use cfd`s - my own money so I feel the change in sentiment in China and commodities has further to run - please dyor research but I am a full time trader now at 53yrs of age.

[bigbigdave] 27/8/2016 08:26

Another one on the filter list.

[kenmitch] 26/8/2016 12:31

Surely the main reason for the lower post results share price (in addition to sector weakness) was the $400 million loss on hedging the coal price. The rise in the coal price clearly caught Glencore out. A surprise that as likely price should be a GLEN strength.

Other than that the results were well received especially the so successful debt reduction. To think this time last year one broker thought they were going bust!

Share could well go a lot higher in time, but the sector has had a great year so best to see GLEN as an excellent longer term lockaway AND with a return to dividends promised too.

[sr2day] 26/8/2016 10:20

not the moment to buy imo.miners will take another battering especially Glen.overvalued by a long chalk.

[bigbigdave] 26/8/2016 10:05

Seems the rule with GLEN is to sell out on the evening before results and buy back 48 hours later!

[dremel] 26/8/2016 00:16

Not sure Glencore is down because of its prod report. If you look All the Miners are down about the same percentage.
Always wondered what was causing the ftse to keep climbing ?, post brexit two fingers ?, now realism is kicking back in, so expect to see the Ftse drop back thus taking the miners down with it.
Looks like a lot of us will be pushing up the diasy,s before this company ever goes anywhere ?.
Night Night all.

[losses] 25/8/2016 15:21

Yes but I'm hoping 160-170 will hold

[sr2day] 25/8/2016 14:20

any negative news from china will accelerate the downside.this could easily fall back to 140p in the next few weeks.

[losses] 25/8/2016 12:18

I think there will be a bit downside to come... Will add more in the 160s

[russell250] 25/8/2016 11:18

I did reduce my long position when glen was at 198 - after hero reduced just before results also a bit disappointed
on yesterdays results which I thought very positive for next 12 months - I added yesterday -
I also thought webcast was very strong yesterday - available as recoreded on glencore website
good articles in todays ft - hero again on cnbc being positive still has 6.5%
blackrock bought over 5% recently

I added heavily today at 176/177
have another buy order at 175 - but after fed Friday think dollar related whole sector will rise again - no rate rise before December and if Trump gets in not this year

[kdr246] 25/8/2016 10:37

tsmith2 cont...There are also some charts with the article.

[kdr246] 25/8/2016 10:36

tsmith2 apologies for the delay...For a chief executive once renowned as buccaneering, Glencore's Ivan Glasenberg has pledged less swash and more buckling down.On Wednesday, the miner-cum-commodity trader confirmed that it would revise down its debt targets. The ratio of net debt to earnings before interest, tax, depreciation and amortisation should fall to two, from three, in an attempt to make Glencore more boring. In the new normal of lower commodity prices, shareholders should welcome a duller look.Glencore's equity value depends on its debt, even if questions about the company's survival have been quashed. Prices for its credit default swaps, a proxy for debt riskiness, have fallen by three-quarters since January.The share price has duly doubled. The more Glencore preserves free cash flow from existing operations, and uses asset sales to de-lever, the more its market value should benefit.There are good reasons to believe it will. Net debt, which includes inventories of commodities Glencore describes as "readily" sellable, has fallen from $36bn in 2013 to $23.5bn.Asset sales this year have reached $4bn and UBS estimates there could be another $2bn-$2.5bn to come, including an Australian railway and a gold mine in Kazakhstan, which would put the net debt target, assuming projected ebitda of $10.5bn, comfortably within sight.Meanwhile, copper and coal prices, nearly half of group ebitda, have increased recently, boosting the share price. Spot prices imply free cash flow of $4.5bn by the end of the year.There is even a prospect of recommencing the dividend. But the rally has in large part been driven by Chinese stimulus spending and cuts in its local coal production, boons which are unlikely to be renewed in the near future. Thus downward pressure on Glencore's selling prices could resume.In contrast to Rio Tinto, whose shares trade at 10 times enterprise value to ebitda, Glencore's preference for safety may have held its value back to about seven times. Mr Glasenberg deserves more credit for steadying the ship. Meeting his targets should boost its rating.Cont....

[tsmith2] 25/8/2016 10:22

Happy to be patient then greedy..Froth coming off

[wookie77] 25/8/2016 09:11

50MA providing support at 176.1 for now....will it hold?