Glencore Share Discussion Threads

[berber1] 01/11/2017 16:51

powering ahead again, may be towards 400p in due course. Still undervalued should be at 550p by now.

[a2584728] 01/11/2017 12:08

Russell, my buy of yesterday looks good now huh? I still have a 550p target price.

[volsung] 01/11/2017 11:24

GLEN not good on environmental and human rights

[russell250] 31/10/2017 12:56

I THOUGHT 4728 - you be ramping a £5 or £5.50 price before end of month

Or sorry end of Month Today


Stay cool genuine investors slow burn to end of yr results - copper and zinc poor production figures - other miners without Glasenburg vision plus trading arm - drop 5-10% yesterday - 11% down on copper awful plus china winter coal restrictions


I am holding - prefer to trade bp. rdsa pfg clln hsba stan at present

[a2584728] 31/10/2017 12:21

Added again, ridiculous drop.

[losses] 31/10/2017 07:08

China showed a dip in a key PMI survey, raising questions about demand prospects as non-manufacturing also fell.China reported the official manufacturing PMI for October at 51.6, compared with a level of 52 expected, and its non-manufacturing survey at 54.3, after 55.4 in the previous month.

[cdub1] 30/10/2017 19:42

RIP Glencore Hong Kong listing. To be honest used to always seem to do the opposite of the London market!

[brahmsnliszt] 30/10/2017 12:39

broker consensus currently

5 strong buys
3 Buys
1 neutral
1 sell - Liberum altho PT increased from 280 to 300

credit suisse also increased their PT on the same day - 26th (as did Barcap on the 24th)

[berber1] 30/10/2017 11:44

Thanks, that explains the recent drop. I believe this is just a bleep, we should hit the 400p soon.

[zho] 30/10/2017 10:49

Liberum's gone negative on Glencore ..... why … coal, mostly

The proposed cuts to domestic Chinese industry over the winter heating season are dramatic and have far reaching consequences for the mining equities. The impacts on low grade iron ore and coking coal demand from the steel cuts have been widely commentated on (see Download Supply Reforming ), but it is possible seaborne thermal coal imports will be hit as hard. The cuts in energy intensive industries that consumed thermal coal both directly and indirectly could see Chinese demand negatively impacted by 160mtpa during mid November to mid March. If the brunt of this cut was felt through seaborne demand (rather than a weaker low quality domestic supply or restocking activity), then in theory imports could drop close to zero. Whilst this is the extreme bear case scenario, thermal coal is not as well supported as we had previously expected and assume prices to fall to $75/t from currently $95/t by year end.

The increased downside risk in thermal, combined with the lack of fundamental support for the recent rally in copper and the turning of our short term demand indicators, we downgrade Glencore to a SELL and a price target £3.00 (prev Hold, £2.85) following recent out performance. Glencore remains on a relative basis our top pick of the majors, given its lack of exposure to steel making materials.

he Chinese Government are very focused on cutting pollution over the winter heating season given the hazardous levels of particulate matter in the air around Beijing and its neighbouring cities. A combination of the weather, industrial activities and domestic heating causes particulate matter of 2.5 microns to rise rapidly between mid-November and mid- March. Unlike GDP estimates, which can be manipulated to meet targets, pollution levels are easily observable by independent bodies like the U.S. Embassy and thus the Government will be at pains to meet their targets as evidence of progress to a clean, healthy society.

During the winter heating season around 300mt coal are burnt in China and there is a push for a move to electricity or gas. Given that 23% of the population are in the five affected provinces and maybe 50% of coal use is cut (some cities reporting 90% consumption cuts), some 35mt of coal energy would have to be replaced. In theory if it was wholly replaced by electricity this would demand an extra 5% from the system, entirely offsetting the industrial cuts. However given that the focus is cutting pollution, we would expect the majority to be replaced by cleaner gas demand.

[berber1] 30/10/2017 10:43

Zho can you put in the content. Thanks

[berber1] 30/10/2017 10:40

Gone to dormant mode.

[zho] 26/10/2017 16:03

Discussed from 11.48 at

[iloveit] 25/10/2017 08:20

GEO Georgian Mining only 22p copper & gold production imminent this is the bottom price I think.Just like Glencore rose from bottom to highs now .Dyor

[berber1] 24/10/2017 20:32

Only performer in mine!

[swedeee] 24/10/2017 15:17

if only I had bought more sub 200. best performer in my portfolio this year

[trentendboy] 16/10/2017 19:10

If only I had bought more below 90pStill, can't complain

[gxgxx] 16/10/2017 15:00

4 1/2 year high......... £5 very soon. 30th October 3rd quarter report must (will) be exceptional!

[manics] 16/10/2017 09:21

Good ol' GLEN.

[losses] 16/10/2017 07:27

Copper up 2.5% Glen should do well today..

[a2584728] 13/10/2017 13:32

This is a great investment. Going only one way in the mid term all the way to 550