Glencore Share Discussion Threads

[losses] 16/8/2018 05:18

China sending trade envoy to Washington for talkshttps://uk.news.yahoo.com/china-sending-trade-envoy-washington-021930402.html

[twixy] 15/8/2018 20:37

Only 3.5M shares bought back today; I must say I'm surprised given purchases of 8M were the norm pre results.Hopefully a bounce tomorrow?!?

[waldron] 15/8/2018 19:54

Sitting at present in the 280 to 310p BOX

But is this for long

[waldron] 15/8/2018 19:47

Rio Tinto
3,649.5 -3.32%


BHP Billiton
1,612.8 -5.22%



Anglo American
1,542.2 -6.20%


Glencore
298.5 -5.66%



Gold COMEX 1,184.80 -1.36%
Silver COMEX 14.44 -4.05%
Copper COMEX 2.58 -3.95%
Brent Crude Oil NYMEX 70.94 -1.61%

[scfc1] 15/8/2018 17:53

It wasn't!!!

[leoneobull] 15/8/2018 17:17

Earnings call transcript published Warning. I own the shares. Dyorhttps://seekingalpha.com/article/4198793-glencore-plc-glncy-ceo-ivan-glasenberg-q2-2018-results-earnings-call-transcript

[leoneobull] 15/8/2018 17:05

Not copied from the FTPlease use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [e-mail] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/9673c822-a067-11e8-85da-eeb7a9ce36e4 Sign In fastFT Copper Add to myFT Copper hits 13-month low as dollar strengthens on EM sell-off Henry Sanderson 7 HOURS AGO Copper prices fell to their lowest level in over a year on Wednesday, as the emerging market sell-off boosted the dollar and raised concerns about a hit to global economic growth. The price of the metal fell below $6,000 a tonne in London trading, touching its lowest level since July 2017. Metals from aluminium to nickel and zinc also fell. The sell-off in Turkey's lira and emerging market shares has propelled the dollar to a 13-month high against major currencies, making commodities more expensive for non-US consumers. At the same time, recent economic data points to a slowing Chinese economy, which consumes around 40 per cent of the world's copper. The renminbi fell to a 17-month low against the dollar on Wednesday. Copper touched a low of $5,902 a tonne in early morning London trading, down 19 per cent from its year-high in June. That hit shares of FTSE 100 copper miners, with Antofagasta down 2 per cent and Glencore off by 1.4 per cent. "Copper is widely considered to be a bellwether for the global economy and so a weak price is cause for concern," Russ Mould, investment director at AJ Bell, said. Also hitting copper was news that miner BHP Billiton had agreed to extend talks with the main union at its Escondida mine in Chile, the world's largest copper mine, to avert a strike. The two sides are trying to agree a new labour contract, following a breakdown in talks last year, which led to a 44 day strike at the mine.

[leoneobull] 15/8/2018 16:09

Does anybody have a tin hat? Sold enq at 7 per cent loss to buy 31ks more GLEN. Hoping for an oversold bounce back..

[careful] 15/8/2018 16:04

added.
but here we go again.
GLEN- the share for manic depressives.

[twixy] 15/8/2018 15:08

Hopefully we are seeing some aggressive buy backs today; rather hoover them up at GBP3 than a higher price later in the year or is that being too optimistic? ;-)

[waldron] 15/8/2018 12:29

Michele Maatouk
WebFG News
15 Aug, 2018 09:04
London open: Stocks flat as miners weigh; UK inflation data in focus
city of london skyline

London stocks were steady in early trade on Wednesday as investors eyed the latest UK inflation data for July, with worries about Turkey receding for now as the lira regained some poise.

At 0840 BST, the FTSE 100 was flat at 7,613.17, while the pound was unchanged against the dollar at 1.2727 and 0.1% higher versus the euro at 1.1224 ahead of the release of consumer, producer and retail price indices at 0930 BST.

Although the mood was lifted by a strengthening Turkish lira - which rose against the dollar after the country announced that it will implement retaliatory tariffs on some US products - weakness in the mining sector weighed, with BHP, Glencore, Antofagasta, Anglo American and Rio Tinto all in the red amid weak copper prices.

"Risk on sentiment returned and traders were once again in the mood for buying overnight," said London Capital Group analyst Jasper Lawler. "As the lira moved higher, Wall Street rebounded snapping a four-day losing streak on the Dow.

"Whilst the markets have regained their cool towards Turkey for the time being, it is highly unlikely that the whole crises can now be swept under the carpet. These confidence issues are rarely a one or two-day event, never to raise their head again. Not only is it unlikely that hostilities between Turkey and the US will simmer down quickly, but fundamentals are stacked against emerging markets right now as they struggle in a rising US interest rates climate."

As far as the UK data is concerned, the consumer price index is expected to print at 2.5% year on year in July, up slightly from June’s 2.4%, while core CPI is expected to remain constant at 1.9%.

[pander45] 15/8/2018 12:22

Agree, this is cheap. Buy for me.

[purplepanther] 15/8/2018 12:21

Everyone and his dog selling this one today so I'm going the other way and buying few for a trade. Not too bothered about short term direction of metal prices, esp after they have already all but crashed. I'd rather pay attention to the company EBITDA guidance and on that basis Glen is cheap

[dmf] 15/8/2018 12:00

Probably too late to start shorting GLEN !

[waldron] 15/8/2018 11:36

This is quite a signal

over the next day or so it will be confirmed whether GLEN has fallen into the

280 to 310p BOX

if so, surely a great buying opportunity imo

[scfc1] 15/8/2018 11:23

Even better now than 1 hour ago...or is it? Scfc

[a2584728] 15/8/2018 10:25

Great buying opportunity

[la forge] 15/8/2018 08:31

MARKET REPORT: Copper slump chisels £655m off miner Antofagasta

By Lucy White For The Daily Mail

Published: 00:52 BST, 15 August 2018 | Updated: 01:27 BST, 15 August 2018

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A slump in earnings at Chilean copper miner Antofagasta tarnished the company’s shine, wiping £654.6million off its market value.

Antofagasta announced that earnings for the first half of the year were down 16.2 per cent to £708.1million, as the strengthening Chilean peso meant costs climbed.

Copper production was also down 8.5 per cent due to lower grades of ore in its mines and a blockage found earlier this year at the Los Pelambres pipeline, which moves copper concentrates to nearby ports.
Falling profits: Chilean copper miner Antofagasta
+1

Falling profits: Chilean copper miner Antofagasta

Production of gold, which Antofagasta mines as a by-product of its copper operations, dropped by 35.8 per cent as a result of lower grades found at the Centinela mine.

Though the copper giant had already warned that its first-half figures could be disappointing, shares still sank by 7 per cent, or 66.4p, to 886.4p.

Antofagasta’s chief executive Ivan Arriagada said: ‘As we have guided, this year is a tale of two halves. The first half, on which we are reporting, is expectedly softer due to lower sales tonnes and grades and higher costs, but we are expecting tonnages and unit costs to improve substantially during the second half and well into 2019 as mined grades increase in line with our mine plan.’
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Arriagada was keen to impress on investors that it was still expecting full-year copper production to be between 705,000 tonnes and 740,000 tonnes.

In a silver lining for investors, revenue was up 3.6 per cent to £1.6billion as Antofagasta managed to nab higher prices for the copper it did sell to offset the lower volumes.

But the company added that current trade negotiations between President Trump and China were creating ‘considerable market uncertainty’. Ian Forrest, an analyst at The Share Centre, said: ‘Antofagasta still has the potential to deliver good results if demand for copper and prices continue on an upward path, especially as the group has been increasing its productive capacity and is reducing costs.’

In an otherwise uneventful day for the FTSE 100, Antofagasta’s decline weighed the index down. It ended the day 0.4 per cent, or 30.81 points lower, at 7611.6 points.

[la forge] 15/8/2018 08:30

MARKET REPORT: Copper slump chisels £655m off miner Antofagasta

By Lucy White For The Daily Mail

Published: 00:52 BST, 15 August 2018 | Updated: 01:27 BST, 15 August 2018

e-mail

1

View comments

A slump in earnings at Chilean copper miner Antofagasta tarnished the company’s shine, wiping £654.6million off its market value.

Antofagasta announced that earnings for the first half of the year were down 16.2 per cent to £708.1million, as the strengthening Chilean peso meant costs climbed.

Copper production was also down 8.5 per cent due to lower grades of ore in its mines and a blockage found earlier this year at the Los Pelambres pipeline, which moves copper concentrates to nearby ports.
Falling profits: Chilean copper miner Antofagasta
+1

Falling profits: Chilean copper miner Antofagasta

Production of gold, which Antofagasta mines as a by-product of its copper operations, dropped by 35.8 per cent as a result of lower grades found at the Centinela mine.

Though the copper giant had already warned that its first-half figures could be disappointing, shares still sank by 7 per cent, or 66.4p, to 886.4p.

Antofagasta’s chief executive Ivan Arriagada said: ‘As we have guided, this year is a tale of two halves. The first half, on which we are reporting, is expectedly softer due to lower sales tonnes and grades and higher costs, but we are expecting tonnages and unit costs to improve substantially during the second half and well into 2019 as mined grades increase in line with our mine plan.’
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Share this article
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Arriagada was keen to impress on investors that it was still expecting full-year copper production to be between 705,000 tonnes and 740,000 tonnes.

In a silver lining for investors, revenue was up 3.6 per cent to £1.6billion as Antofagasta managed to nab higher prices for the copper it did sell to offset the lower volumes.

But the company added that current trade negotiations between President Trump and China were creating ‘considerable market uncertainty’. Ian Forrest, an analyst at The Share Centre, said: ‘Antofagasta still has the potential to deliver good results if demand for copper and prices continue on an upward path, especially as the group has been increasing its productive capacity and is reducing costs.’

In an otherwise uneventful day for the FTSE 100, Antofagasta’s decline weighed the index down. It ended the day 0.4 per cent, or 30.81 points lower, at 7611.6 points.

[purplepanther] 15/8/2018 08:25

The good news is that Glencore is still on track for about $17.7bn of EBITDA this year with spot prices at or about current levels and LME copper stocks are plummeting. So sooner or later the technicals reassert themselves and Glencore will see potential for upward earnings revisions.

[action] 15/8/2018 08:22

Good news ex divi in Sept.

[leoneobull] 14/8/2018 22:27

Copper down, trade wars, bribery and corruption. Will sbdy give me some decent news like trump being impeached?!

[waldron] 14/8/2018 16:57

Rio Tinto
3,775 -1.27%


BHP Billiton
1,701.6 +0.50%


Anglo American
1,644.2 -2.15%



Glencore
316.4 -0.78%


Gold COMEX 1,203.90 +0.28%
Silver COMEX 15.06 +0.50%
Copper COMEX 2.69 -1.70%
Brent Crude Oil NYMEX 72.61 -0.37%