Glencore Share Discussion Threads

[waldron] 23/7/2018 18:09

8th August is RESULTS DAY



NOT MANY PEOPLE KNOW THAT

[paulbiya] 23/7/2018 17:56

Could this be a positive sign for glen's results??

[purplepanther] 23/7/2018 08:57

That's exactly when you should be buying miners when uncertainty is greatest and after commodity prices have fallen like a stone

[losses] 23/7/2018 08:50

Anglo American Platinum Buys Glencore's Mototolo JV Stake for Up to ZAR22 Billion

[losses] 23/7/2018 08:45

So you keep saying!!

[montyhedge] 23/7/2018 08:37

Investors hate uncertainty.

[florenceorbis] 22/7/2018 14:34

9 days and counting

[florenceorbis] 22/7/2018 14:33

20 July 2018

Transactions in own shares

Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited.


Date of purchase: 20 July 2018
Aggregate number of ordinary shares
of USD 0.01 each purchased: 6,834,852
Lowest price paid per share (GBp): 309.2500
Highest price paid per share (GBp): 321.5500
Volume weighted average price
paid per share (GBp): 314.5013


The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 242,821,831 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares in issue (including treasury shares). Therefore the total voting rights in Glencore plc will be 14,343,378,235. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

These share purchases form part of the Company's existing buy-back programme, the first part of which is expected to be completed over the period from 5 July 2018 to 7 August 2018, as announced by the Company on 5 July 2018.

[florenceorbis] 22/7/2018 14:31

Is Glencore (GLNCY) a Great Stock for Value Investors?
[Zacks]
Zacks Equity Research
,Zacks•20 July 2018

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?

One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Glencore Plc GLNCY stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:

PE Ratio

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.

On this front, Glencore has a trailing twelve months PE ratio of 10.5, as you can see in the chart below:


This level actually compares pretty favorably with the market at large, as the PE for the S&P 500 stands at about 20.8. If we focus on the long-term PE trend, Glencore’s current PE level puts it below its midpoint over the past five years. Moreover, the current level is fairly below the highs for this stock, suggesting it might be a good entry point.


Further, the stock’s PE also compares favorably with the industry’s trailing twelve months PE ratio, which stands at 29.4. At the very least, this indicates that the stock is relatively undervalued right now, compared to its peers.



We should also point out that Glencore has a forward PE ratio (price relative to this year’s earnings) of just 9.2, so it is fair to say that a slightly more value-oriented path may be ahead for Glencore stock in the near term too.

P/S Ratio

Another key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.

Right now, Glencore has a P/S ratio of about 0.3. This is significantly lower than the S&P 500 average, which comes in at 3.5 right now. Also, as we can see in the chart below, this is below the highs for this stock in particular over the past few years.


Broad Value Outlook

In aggregate, Glencore currently has a Zacks Value Style Score of A, putting it into the top 20% of all stocks we cover from this look. This makes Glencore a solid choice for value investors, and some of its other key metrics make this pretty clear too.

For example, its P/CF ratio (another great indicator of value) comes in at 5.5, which is better than the industry average of 7.3. Clearly, GLNCY is a solid choice on the value front from multiple angles.

What About the Stock Overall?

Though Glencore might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of B and a Momentum score of F. This gives GLNCY a Zacks VGM score—or its overarching fundamental grade—of A. (You can read more about the Zacks Style Scores here >>)

Meanwhile, the company’s recent earnings estimates have been encouraging. The current year and next has seen one estimate go higher in the past sixty days compared to none lower.

As a result, the current year consensus estimate has risen by 2.3% in the past two months, while the next year estimate has increased nearly 7.2%.

This bullish trend is why the stock boasts a Zacks Rank #1 (Strong Buy) and why we are expecting outperformance from the company in the near term.

Bottom Line

Glencore is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Moreover, a strong industry rank (Top 38% out of more than 250 industries) further supports the growth potential of the stock. In fact, over the past year, the industry has outperformed the broader market, as you can see below:

So, it might pay for value investors to delve deeper into the company’s prospects, as fundamentals indicate that this stock could be a compelling pick.

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[waldron] 20/7/2018 16:57

Still in the 310 to 340p BOX



Silver COMEX 15.50 +1.08%
Copper COMEX 2.75 +1.23%
Brent Crude Oil NYMEX 72.85 +0.36%



Rio Tinto
4,087 +0.39%


BHP Billiton
1,613.4 -1.49%

Anglo American
1,599.8 -1.37%

Glencore
311.65 -1.61%

[purplepanther] 20/7/2018 16:38

Well it was a good day for commodity prices at least

[sarkasm] 20/7/2018 08:37

yep

another day,another day of buybacks

enjoy your day guys

[purplepanther] 20/7/2018 08:31

I suppose one can only conclude that the interim results should be solid given the intensity of the share buyback into them

[raffles the gentleman thug] 20/7/2018 07:07

Bearish positions outnumbering bullish position on Comex copper for first time since Oct 2016 plus an RSI below 30 for almost every day this month bodes well for a technical rebound.That coupled with the reasonable aggressive buyback into Glencore results might just finally get the shares moving again

[ariane] 19/7/2018 14:13

But why purple

[maywillow] 19/7/2018 10:37

cheers guys
pleased that is sorted

enjoy

[purplepanther] 19/7/2018 10:31

Sorry no attitude intended grumpy just clarifying the position that's all

[the grumpy old men] 19/7/2018 10:25

LOL Thanks PP

NO SURPRISE BUT GIVES US INFORMATION THAT ITS ACTUALLY BEING DONE IN AN ORDERED
MANNER AS PREVIOUSLY ADVISED


I FOR ONE HAVE A NUMBER OF SHARES IN DIFFERENT COMPANIES SO AN AIDE MEMOIRE
IS HELPFUL TO KEEP TABS ON THEM ALL


Oh now i understand the attitude,you are a new cat in the street

[purplepanther] 19/7/2018 10:15

They are just doing exactly what they said they would do on 5th July which is buying back £350m of shares before 7th August.Shouldn't be any great surprise to anyone

[mercer95] 19/7/2018 09:53

The contango has reversed on the oil price, what traders pay for future oil contracts,the contract rolled over last week, good,oil was too expensive,I have no clue what Glencore’s share price will do short term .DYOR GLA

[the grumpy old men] 19/7/2018 09:47

Glencore
313.5 -1.57%

Copper COMEX 2.69 -2.75%
Brent Crude Oil NYMEX 72.37 -0.89%

[the grumpy old men] 19/7/2018 09:45

GLEN SEEM S TO BE PURCHASING SHARES ON A ALMOST DAILY BASIS

CITI is selling but have not checked who else

[the grumpy old men] 19/7/2018 09:42

Transactions in own shares



Glencore plc (the Company) announces today it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange from Citigroup Global Markets Limited.



Date of purchase:


18 July 2018

Aggregate number of ordinary shares of USD 0.01 each purchased:


6,829,264

Lowest price paid per share (GBp):


309.3500

Highest price paid per share (GBp):


317.8500

Volume weighted average price paid per share (GBp):


314.8618

[the grumpy old men] 19/7/2018 09:19

Glencore’s core commodities are coal, copper, nickel, zinc and oil.

Glencore said strong production growth in 2018 and byproduct credits would more than offset cost inflation in 2018.


By-products are metals produced alongside other commodities. In Glencore’s case this includes lead, silver and cobalt, which is needed to make batteries.

Cobalt has tripled in value over the past 18 months as carmakers have ramped up their plans for electric vehicles. Glencore has been positioning itself as a key supplier of metals that will deliver the clean-energy solutions of the future.

ABOVE EXTRACTS FROM FT