Glencore Share Discussion Threads

[la forge] 28/8/2018 09:48

The next Glencore dividend
Status:
Declared
Frequency:
Semiannually
Type:
Interim
Ex-Div Date:
06 September 2018
Pay Date:
27 September 2018
10 CENTS

[la forge] 28/8/2018 09:48

The next Glencore dividend
Status:
Declared
Frequency:
Semiannually
Type:
Interim
Ex-Div Date:
06 September 2018
Pay Date:
27 September 2018
10 CENTS

Approx 7.75p

[la forge] 28/8/2018 09:41

SAT69

IF ABOUT

CAN YOU PUT THIS LINK IN THE HEADER AS YOURS IS NOT FUNCTIONING WITH THE KISSESXX

[twixy] 27/8/2018 23:20

GBP 3.28 at the close in the US tonight...place your bets for tomorrow...

[trentendboy] 25/8/2018 19:47

They know what they are doing globally

[waldron] 25/8/2018 07:58

Shipping 24 Aug 2018 | 19:53 UTC Houston

Glencore's private terminal in Mexico's Dos Bocas port receives its first gasoline cargo: sources

Author Silvia Struthers Editor Derek Sands Commodity Shipping

Houston — Glencore has received its first gasoline shipment at its new 600,000-barrel marine terminal at the Port of Dos Bocas in the southeastern Mexican state of Tabasco, state authorities and market sources said.
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This makes it the first waterborne shipment of gasoline contracted and unloaded at a privately developed marine terminal in Mexico.

Since the summer of 2017, Koch Industries has been sending waterborne shipments of diesel to Vopak's marine terminal at the port of Veracruz.

Glencore's media team in Mexico City declined to immediately comment Friday.

However, Herminio Silvan, deputy secretary of economic development with the state government told local reporters on Thursday that the shipment came from Galveston and carried 135,200 barrels of gasoline.

Silvan said he expects fuel deliveries and the terminal operations will lead to a reduced fluctuation and possible lower gasoline prices in the area as "gasoline prices are influenced by local logistics."

The vessel delivering the cargo was the Chembulk Ulsan, according to a broker shipping source. Platts cFlow trade-flow data showed the Chembulk Ulsan loaded at Texas City August 19-21 and arrived in Dos Bocas on August 23. A shipping source also confirmed that the vessel arrived at Dos Bocas August 23.

According to the shipping source, the terminal's draft has a maximum of 24 feet, which restricts the size of the vessel that can discharge at the port. The Ulsan, smaller than the typical Medium Range tanker used to move gasoline and other products, had a 20,000 dwt capacity.

Lack of import infrastructure has prevented new fuel wholesalers from importing fuel into Mexico's liberalized market. So far, ExxonMobil and Andeavor were the only other two companies importing gasoline in Mexico as marketers.

ExxonMobil has been using unit train terminals to bring fuel from its 366,000-b/d Beaumont refinery in Texas. Meanwhile, Andeavour has acquired capacity at marine terminals in Northwestern Mexico at Pemex's logistic open seasons.

Private fuel imports have just started to pick up in the second half of the year although SENER began giving import permits almost two years ago. In July, Pemex still controlled 96.5% of gasoline imports into the country, although over 24% of Mexico's retail stations are under a non-Pemex brand.

Pemex's market share over gasoline imports is expected to erode in the coming years as new privately developed marine terminals begin operating. Right now, close to 20 terminals with a combined capacity to store 20 million barrels of refined products are being privately developed.

The Dos Bocas was initially expected to begin operations in March. However, delays in the safety test and permitting process delayed the entrance in service of the terminal.

Tabasco is an attractive market for new fuel marketers entering Mexico as national oil company Pemex primarily supplies it with refined products from its 285,000 b/d Minatitlan refinery and imported fuel via its Pajaritos marine terminal, which is located 270 kilometers away from Dos Bocas.

The Minatitlan refinery has been operating at low levels since the last quarter of 2017 when it underwent a total overhaul. The refinery was restarted in February, reaching a production of 51,000 b/d in May. However, the refinery was shut down again shortly after to do another round of repairs at its main catalytic unit.

Glencore's retail franchise in Mexico, G500 Network, previously said that the Dos Bocas terminal would supply 200 G500-branded stations in southern Mexico. However, its total coverage area is close to 400 stations.

Pemex's downstream director, Carlos Murrieta, said earlier this year that Pemex and Glencore were interested in the opportunity to hold product swaps between the state of Tabasco and the greater Mexico City region.

Last year, the Swiss trader positioned itself as the largest private retail group after partnering with Mexico's retail group Grupo 500 to launch its own brand G500 Network. The consortium has over 1,400 pump stations in Mexico, over 10% of the country's total.

Glencore is also developing a new marine terminal in the Port of Tuxpan, Veracruz. The facility is expected to be operational by Q3 2019 and supply close to G500's 400 stations, primarily in the Mexico City region.

--Daniel Rodriguez, [e-mail]

--Silvia Struthers, [e-mail]

--Marieke Alsguth, [e-mail]

--Edited by Derek Sands, [e-mail]

[twixy] 24/8/2018 20:39

Nice and steady 4M bought all week...less than 2 weeks to XD, which means a saving of over GBP250K per day on those held in treasury...peanuts, I know but every little helps.

[waldron] 24/8/2018 18:29

24 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: 24 August 2018
Aggregate number of ordinary shares of USD
0.01 each purchased: 4,000,000
Lowest price paid per share (GBp): 310.7000
Highest price paid per share (GBp): 321.9000
Volume weighted average price paid per share
(GBp): 317.0055


The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 317,705,126 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 14,268,494,940. 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 second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 31 December 2018, details of which were announced by the Company on 5 July 2018.

Aggregated information


Trading venue Volume weighted Aggregated volume
average price
London Stock Exchange 316.9036 2,525,029
---------------- ------------------
BATS 317.1421 228,780
---------------- ------------------
Chi-X 317.1871 1,246,191
---------------- ------------------

[waldron] 24/8/2018 17:44

Rio Tinto
3,719 +1.57%


BHP Billiton
1,661.2 +2.16%


Anglo American
1,575 +2.54%

Glencore
320.75 +3.30%

Gold COMEX 1,213.60 +1.83%
Silver COMEX 14.82 +2.42%
Copper COMEX 2.70 +2.29%
Brent Crude Oil NYMEX 76.16 +1.89%

[waldron] 23/8/2018 16:51

Rio Tinto
3,658 -1.05%

BHP Billiton
1,627.8 -0.50%


Anglo American
1,534 -2.70%


Glencore
310.1 +0.68%


Gold COMEX 1,195.80 -0.56%
Silver COMEX 14.56 -1.22%
Copper COMEX 2.66 -0.39%
Brent Crude Oil NYMEX 74.64 -0.25%

[la forge] 23/8/2018 11:47

Randgold Resources Ltd. (RRS.LN) and other miners have launched an initiative to engage Democratic Republic of the Congo's government over industry concerns about the country's new mining code and other issues.

Aside from Randgold, the founding members of the Mining Promotion Initiative, or MPI, are Glencore PLC (GLEN.LN) and Ivanhoe Mines Ltd. (IVN.T), among others.

Randgold said Thursday that the companies involved in the MPI account for 80% of copper and cobalt production, and 90% of gold production in the Congo.

MPI General Secretary Richard Robinson said the mining industry's main issue is the application of the new code, which he said compromises investors who have put money in the country on terms guaranteed by the government through legislation, specific guarantees and bilateral trade agreements.

Mr. Robinson said certain key issues would discourage further investment in large and small sustainable projects in the Congo if they are left unaddressed.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

August 23, 2018 06:11 ET (10:11 GMT)

[the grumpy old men] 23/8/2018 08:44

Rosen Law Firm Reminds Glencore plc Investors of Important Deadline in First Filed Case

Rosen Law Firm, P.A. Logo

News provided by
Rosen Law Firm, P.A.

12:48 ET

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NEW YORK, Aug. 22, 2018 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Glencore plc from September 30, 2016 through July 2, 2018 (the "Class Period") of the important September 7, 2018 lead plaintiff deadline in the first filed case commenced by the Rosen Law Firm. The lawsuit seeks to recover damages for Glencore investors under the federal securities laws.

To join the Glencore class action, go to hxxp://www.rosenlegal.com/cases-1373.html or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at 866-767-3653 or email [e-mail] or [e-mail] for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Glencore's conduct would subject it to heightened scrutiny by U.S. and foreign government bodies resulting in investigations into the company's compliance with money laundering and bribery laws, as well as the Foreign Corrupt Practices Act; and (2) as a result, defendants' statements about Glencore's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 7, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to hxxp://www.rosenlegal.com/cases-1373.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at [e-mail] or [e-mail].

Follow us for updates on LinkedIn: or on Twitter:

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

Zachary Halper, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 34th Floor

New York, NY 10016

Tel: [phone]

Toll Free: [phone]

Fax: [phone]

[e-mail]

[e-mail]

[e-mail]

www.rosenlegal.com

SOURCE Rosen Law Firm, P.A.
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[waldron] 22/8/2018 18:23

Glencore PLC

22 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: 22 August 2018
Aggregate number of ordinary shares of USD
0.01 each purchased: 4,000,000
Lowest price paid per share (GBp): 303.3000
Highest price paid per share (GBp): 311.3000
Volume weighted average price paid per share
(GBp): 308.5409


The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 309,705,126 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 14,276,494,940. 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 second part of the Company's existing buy-back programme which is expected to be completed over the period from 8 August 2018 to 31 December 2018, details of which were announced by the Company on 5 July 2018.

Aggregated information


Trading venue Volume weighted Aggregated volume
average price
London Stock Exchange 308.4332 2,424,278
---------------- ------------------
BATS 308.6963 202,368
---------------- ------------------
Chi-X 308.7080 1,373,354
---------------- ------------------

[waldron] 22/8/2018 18:03

Rio Tinto
3,697 +0.82%


BHP Billiton
1,636 +1.58%



Anglo American
1,576.6 +0.91%


Glencore
308 +0.39%


Gold COMEX 1,202.40 -0.02%
Silver COMEX 14.74 -0.20%
Copper COMEX 2.68 -0.39%
Brent Crude Oil NYMEX 74.57 +2.43%

[waldron] 21/8/2018 17:03

Rio Tinto
3,667 -1.36%


BHP Billiton
1,610.6 -2.10%


Anglo American
1,562.4 +0.54%


Glencore
306.8 +0.25%



Gold COMEX 1,195.60 -0.14%
Silver COMEX 14.74 -0.03%
Copper COMEX 2.69 +0.92%
Brent Crude Oil NYMEX 72.55 +0.46%

[waldron] 21/8/2018 17:01

BHP Billiton, one of the world's largest mining companies, released its results for the financial year ending June 30 late Monday. The company's report detailed a 33% rise in annual underlying profit, although the miner signaled rising apprehension on the short-term outlook for the commodities market as trade tensions between the U.S. and China keep simmering. Here are some other remarks from the report.



On the macroeconomic outlook:



"World economic growth strengthened to 3.8 percent in the 2017 calendar year, with a notable rebound in global trade. A similar outcome is expected in the 2018 calendar year, although downside risks have increased due to rising trade protectionism."



On China's economic outlook:



"We continue to expect China's economic growth to slow modestly in the 2018 calendar year. The official GDP target of around six-and-a-half percent is likely to be achieved, assuming the current trends of slowing activity in the housing and automobile markets, and resilience in infrastructure and machinery, continue. We expect China's policymakers to continue to seek a balance between the pursuit of reform and maintenance of macroeconomic and financial stability. Over the longer term, China's economic growth rate is expected to decelerate as the working-age population falls and the capital stock matures."



On the U.S. economic outlook:



"Near-term prospects for the U.S. economy are sound, with cyclical fundamentals solid. However, we expect the increase in protectionism to weigh on consumer purchasing power and international competitiveness."



On the oil market outlook:



"Crude oil prices trended higher during the 2018 financial year. Larger than agreed production cuts by the 'Vienna Group' and strong demand growth both contributed to a substantial reduction in the inventory overhang. A roughly balanced market is forecast for the 2018 calendar year. The outlook remains positive, underpinned by rising demand from the developing world and natural field decline."



On the copper market outlook:



"Copper prices rose over the 2018 financial year, with gains in the first half sustained for most of the second half. Broad-based demand strength and the threat of supply disruption both contributed to the improvement in prices. The rise in trade tensions pushed copper prices down early in the 2019 financial year. Grade decline, increased input costs, water constraints and a scarcity of high-quality future development opportunities will require attractive prices to secure sufficient investment to balance the market, with new mine supply required in the early part of the next decade."



On South American copper operations:



"During the June 2018 quarter, BHP successfully completed the negotiations with Spence Union No1 (operators and maintenance) and Cerro Colorado Union No2 [supervisors and staff] with the new agreements effective from 1 June 2018 and 1 July 2018 respectively, each valid for 36 months. On 17 August 2018, Escondida successfully completed negotiations with Union No1 and signed a new collective agreement, effective for 36 months from 1 August 2018. On 19 June 2018, BHP entered into an agreement to sell Cerro Colorado to EMR Capital(x). The transaction is expected to close during the December 2018 quarter, subject to financing and customary closing conditions."



Write to David Hodari at [e-mail]



(END) Dow Jones Newswires

August 21, 2018 07:41 ET (11:41 GMT)

[montyhedge] 21/8/2018 16:17

La Forge
Good article, thats what puts me off buying Glencore the uncertainty of DOJ.

[purplepanther] 21/8/2018 07:38

Copper strength only reflecting dollar weakness overnight on Trump comments nothing more

[la forge] 21/8/2018 07:32

Copper COMEX 2.69 +0.81%

[leoneobull] 21/8/2018 06:33

Copper creeping back up brothers and sisters

[la forge] 20/8/2018 19:12

Is Glencore’s low share price a bargain or a trap?

Edward Sheldon, CFA | Monday, 20th August, 2018 | More on: GLEN RIO
Image source: Getty Images.

Commodity giant Glencore (LSE: GLEN) appears to be a very popular stock right now. Indeed, according to Hargreaves Lansdown, it was the second most purchased stock on its platform last week by deal size, representing 3.6% of all shares bought. It was a similar story over at Barclays, with GLEN also being the second most purchased stock for the week. So should you follow the herd and invest in the £44bn market-cap mining company?
Share price fall

Glencore shares have experienced a dramatic decline over the last two months, falling over 20%. As a result, the shares do appear to offer value at present. For example, with City analysts expecting the group to generate earnings of $0.49 this year, the stock currently trades on a forward P/E ratio of just 8.1 which is considerably lower than the median FTSE 100 forward P/E of 13.9. There also appears to be appeal from a dividend-investing perspective, with the stock offering a prospective yield of 5.3%.

When you consider that the company’s performance in 2017 was its “strongest on record” according to CEO Ivan Glasenberg and that analysts expect revenue and earnings to jump 13.4% and 19.5% respectively this year, those metrics certainly look attractive. However, before you load up on Glencore shares, you need to be aware of the risks.

A large part of the reason the shares have fallen recently is that in early July, the group was hit with a subpoena from the US Department of Justice (DoJ) concerning an investigation into possible money laundering across its operations in Nigeria, the Democratic Republic of Congo and Venezuela. The DoJ wants to see documents and records on compliance with the Foreign Corrupt Practices Act and US money laundering statutes dating as far back as 2007.

It’s still early days as far as the investigation from the DoJ goes and so it’s hard to get a reading on the implications here. However, given the uncertainty that has arisen as a result of the subpoena, I personally believe it’s sensible to avoid Glencore shares for now.
A safer mining stock?

If commodity companies interest you, you might want to take a look at Rio Tinto (LSE: RIO) instead of Glencore. Its share price has also retreated recently, meaning there’s a high dividend yield on offer at present.

Rio reported half-year results in early August and there was good news for investors, with the company announcing that shareholders are set to receive extra returns in the near future as a result of asset disposals. For the six months to 30 June, underlying earnings per share rose 16%, which resulted in a 15% increase in the interim dividend.

Looking at consensus forecasts, City analysts currently expect RIO to generate earnings per share of $4.82 this year and pay a dividend of $2.88 per share. At the current share price, those figures equate to a forward P/E of 9.9 and a prospective yield of 6%. These metrics look quite attractive, in my view. Having said that, it’s important to realise that mining is a highly cyclical business, so dividends are far from guaranteed.



THE MOTELY FOOL