Glencore Share Discussion Threads

[twixy] 07/8/2018 11:56

This one does :-)

[purplepanther] 07/8/2018 11:36

Agree to that Waldron, Glencore a real mis-valuation, esp on free cash flow yields.Remarkable few want to buy when commodity prices falling like yesterday, and then as it reverses everyone wants to chase it. I do wonder if any of the fools trading this ever sustainably make money

[waldron] 07/8/2018 10:32

PP PUZZLED

I DID READ ARTICLE AND THANKED YOU FOR IT



NO QUESTION AS TO SUBSTANTIAL FREE CASHFLOW TODAY

IT WILL BE INTERESTING TO SEE WHAT USE IT WILL BE PUT FOR FUTURE YEARS


IMO AND NO DOUBT YOURS

GLEN IS SUBSTANTIALLY UNDERVALUED

[purplepanther] 07/8/2018 10:20

I'd encourage you to google the Bloomberg article Waldron was it has quite an interesting chart of half yearly EBiTDA Glencore has made since 2011, and it's quite remarkable how much money this company has made in such a short period of time - comfortably more than its entire market cap !

[ny boy] 07/8/2018 09:19

Aye 400p magnet approaching

[waldron] 07/8/2018 08:30

TODAY Glen sits still snug in the 310 to 340p BOX

TOMORROW IF NO DISAPPOINTMENTS SHOULD SEE A SPIKE UP IMO


340 to 370p BOX entered with ease

[waldron] 07/8/2018 08:25

Pellet Test Announcement
Tue, 7th Aug 2018 07:00

RNS Number : 9314W
Zanaga Iron Ore Company Ltd
07 August 2018
Â

7 August 2018

Â

POSITIVE PELLET TEST RESULTS

Â

Zanaga Iron Ore Company ("ZIOC" or the "Company") (AIM:ZIOC) is pleased to announce positive pellet test results from recent test work.

On 30 June 2018 ZIOC announced the significant progress made in the Zanaga Iron Ore Project's pelletisation test work programme aimed at producing an industry acceptable iron ore pellet product using a lower cost cold pelletisation process. The results showed that the most recent batches of Zanaga cold pellets had met all industry standard tests as determined by independent third party laboratories.

Test work was then commissioned with the intention of ascertaining commercial acceptability in the steel production process. Two further 20kg samples of Zanaga cold pellets were sent to a European steel mill as well as an accredited European laboratory servicing the steel industry.

ZIOC is pleased to confirm that the tests conducted by these independent laboratories have returned positive results within the industry acceptable limits for conventional pellets.

These tests were undertaken by Jumelles, the joint venture between the Company and Glencore, as part of the overall initiative to establish the viability of an Early Production Project (EPP) as described in the Company's Annual Report of 30 June 2018. As part of the ongoing work-streams, discussions are taking place with steel mills globally to consider further steps and tests that need to be taken in order to assess potential demand and pricing for Zanaga pellets and pellet feed concentrate.

Clifford Elphick, Non-Executive Chairman of ZIOC, commented:

"The positive results from recent pellet tests with a leading steel mill and an accredited independent European laboratory, servicing the steel industry, are encouraging indicators of the potential for Zanaga to produce a commercially accepted pellet product with high iron content and low impurities"

[manics] 07/8/2018 08:17

What chance a little rise today ready to crater it on the open tomorrow?

[waldron] 07/8/2018 07:18

cheers PP
ENJOY YOUR DAY
AWAIT TOMORROW WITH POSITIVE ANTICIPATION
8 August 2018 Glencore Half-Year Results

Glencore has favored building a war chest for deals in recent years rather than giving money back to shareholders. Yet last month, just days after being hit by the U.S. probe, it announced it was buying back $1 billion of shares. The repurchase amount could be increased this week, Liberum and Macquarie Group Ltd. suggested.

“I expect an increase in the buyback but management might be reticent, especially if they want the firepower to go out and do other things,” said Davis from Liberum.

[purplepanther] 07/8/2018 01:56

from Bloomberg -


Glencore's Poised for Record Profit Despite Horrible Year

Glencore Plc may have had a nightmarish year so far, but the world’s top commodity trader is still raking in mountains of money.

The company is facing a U.S. corruption probe, got mired in a dispute with its billionaire former partner in the Democratic Republic of Congo and has been caught in the fallout from new U.S. sanctions on Russia -- among other issues. Yet despite all the bad news, Glencore is expected to report its most profitable six months ever when the company publishes first-half results Wednesday.

While some of the issues have since been resolved, the company’s shares are down about 20 percent this year, compared with gains by rivals like BHP Billiton Ltd. and Anglo American Plc. Analysts are more optimistic, meaning that Glencore’s share discount to the average target price is near its widest in half a decade.

“Glencore has always had reputational issues, but even by their standards this has been a particularly horrific six months,” said Ben Davis, an analyst at Liberum Capital Ltd. “Glencore is showing that it’s a riskier beast than its rivals and it trades at a discount because of that.”

Despite all that, Glencore is expected to report adjusted earnings before interest, taxes, depreciation and amortization of about $8.5 billion in the first half, its biggest ever.

Those earnings are likely to be driven by bumper profits from coal -- Glencore is the world’s biggest shipper -- where prices have surged, along with increased copper and cobalt production. The company has already forecast that profits from its hallowed trading business will be close to an all-time high.

Glencore is the last of the big miners to report first-half earnings -- BHP Billiton runs on a different financial calendar and will post full-year results later this month -- with Rio Tinto Group and Anglo already reporting big profits. The companies’ use of extra cash has diverged, with Rio saying it would funnel $7 billion back to shareholders, while Anglo approved a $5 billion new copper mine.

Glencore has favored building a war chest for deals in recent years rather than giving money back to shareholders. Yet last month, just days after being hit by the U.S. probe, it announced it was buying back $1 billion of shares. The repurchase amount could be increased this week, Liberum and Macquarie Group Ltd. suggested.

“I expect an increase in the buyback but management might be reticent, especially if they want the firepower to go out and do other things,” said Davis from Liberum.

[waldron] 06/8/2018 17:12

Rio Tinto
3,923 -1.73%



BHP Billiton
1,687 -0.66%



Anglo American
1,678 -0.87%


Glencore
314 -1.29%



Gold COMEX 1,218.90 -0.25%
Silver COMEX 15.36 -0.42%
Copper COMEX 2.74 -0.65%
Brent Crude Oil NYMEX 74.03 +1.01%

[purplepanther] 06/8/2018 07:11

272m shares in treasury stock now or 1.86% of total which is looking quite impressive

[twixy] 05/8/2018 17:19

Interesting - thanks for posting it.

[maywillow] 05/8/2018 16:13

COMMODITIES

POTENTIAL BULL MARKET THAT NEEDS WATCHING

[waldron] 03/8/2018 19:39

03 August 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: 03 August 2018
Aggregate number of ordinary shares of USD
0.01 each purchased: 5,705,878
Lowest price paid per share (GBp): 311.6500
Highest price paid per share (GBp): 320.3000
Volume weighted average price paid per share
(GBp): 316.1506

[waldron] 03/8/2018 17:02

Rio Tinto
3,992 +2.15%

BHP Billiton
1,698.2 +2.06%



Anglo American
1,692.8 +2.26%



Glencore
318.1 +1.65%


Silver COMEX 15.54 +1.40%
Copper COMEX 2.76 +1.25%
Brent Crude Oil NYMEX 72.81 -0.79%


GLEN STILL SNUG IN THE 310 to 340p BOX

[bedruthan] 03/8/2018 14:12

Copper had a good run today and should start to rise steadily next week with Escondida Mine about to go on strike.

[ny boy] 03/8/2018 12:58

Starting a nice move up hopefully 🤞

[ny boy] 03/8/2018 11:59

I bought a chunk at 314p, results next week 08 Aug, ex div 06 Sep, should be active, looking for a break above 340p resistance this month.

[waldron] 02/8/2018 17:15

312.95-8.90 (-2.77%)GLEN

still snug in the 310 to 340p BOX

Silver COMEX 15.42 +0.16%
Copper COMEX 2.74 -0.16%
Brent Crude Oil NYMEX 73.30 +0.96%


Rio Tinto
3,908 -3.60%



Anglo American
1,655.4 -3.08%



1,664.00-38.20 (-2.24%)BHP BILLITON

[waldron] 02/8/2018 08:49

EXTRACT

New deadline

"I don’t think the merging parties are being reasonable." The commission’s deadline is now August 20.

The $973m deal would see Glencore, a global commodities giant, acquire 75% of Chevron SA’s assets and empowerment partners acquire 25%.

The assets include a 110,000 barrel-a-day refinery, a lubricants plant, 820 petrol stations and oil storage facilities.

Hong Kong-based Sinopec announced plans to acquire Chevron SA in March 2017, but in October Glencore outfoxed its competitor by backing Off the Shelf Investments, Chevron SA’s minority shareholder, which then exercised its right of first refusal of the deal.

The subsequent merger notice was filed on November 7 2017 and the initial period of 40 days for investigation, as defined in law, expired on January 5 2018. Since then 10 extensions were agreed to.

[waldron] 02/8/2018 08:39

01 August 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: 01 August 2018
Aggregate number of ordinary shares of USD
0.01 each purchased: 1,000,000
Lowest price paid per share (GBp): 321.2500
Highest price paid per share (GBp): 330.1500
Volume weighted average price paid per share
(GBp): 324.3242