Glencore Share Discussion Threads

[zho] 09/10/2018 11:27

Aristotelis Mistakidis is one of the world’s most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as “Telis” has ruled over the global copper market, buying and selling enough of the red metal to supply every factory in the U.S. twice over.

Today, the man who built Glencore’s reputation in copper is facing tough questions about how he did it. Mistakidis, who until recently ran both copper trading and mining, is under intense pressure after a string of investigations, problems and legal headaches.

[waldron] 08/10/2018 17:02

Rio Tinto
3,733.5 -0.29%


BHP Billiton
1,618.8 -1.03%


Anglo American
1,646.8 -1.34%


Glencore
321.7 -1.02%


Gold COMEX 1,189.10 -1.46%
Silver COMEX 14.30 -2.59%
Copper COMEX 2.76 +0.09%
Brent Crude Oil NYMEX 83.54 -0.51%

[losses] 08/10/2018 07:07

Australia Competition Body Rules Newcastle Port Should Cut Glencore ChargesSource: Dow Jones News By Rhiannon Hoyle SYDNEY--Charges paid by Glencore PLC (GLEN.LN) on ships entering a large coal port in eastern Australia should be cut by roughly 20%, the country's competition authority said.

[adrian j boris] 07/10/2018 13:05

106 viewsOct 7, 2018, 03:00am
Strong Macro Headwinds Provide A Mixed Outlook For Mined Commodity Markets
Wood Mackenzie
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despite the anticipated wave of supply, the cobalt market will be in deficit as soon as 2023.
only time will tell if we will see more metal project FIDs in the short-term

Bauxite mine in Les Baux-de-Provence; France. Source: Getty

After a positive start to 2018, growing trade tensions have raised concerns over global economic growth, while tightening global liquidity is having an adverse effect on many emerging economies. With investor confidence dampened, the recent unwinding of exposure to commodities markets has driven down prices across much of the complex. However, in general, year-to-date averages remain above comparable 2017 levels.

Industry gears up for the long-term

Nickel has been the best performer this year, with 9 month average prices up by 36% year-on-year. Stubbornly high visible inventories are finally being drawn down, although not all for immediate consumption. Medium-term demand growth prospects look positive and we anticipate a period of higher prices supported by strong fundamentals from 2019.

Copper prices were well supported through the first half of 2018. However, the recent downtrend has been fuelled by negative macro events and higher-than-expected metal output due to a lack of mine disruptions. Nevertheless, 9 month copper prices were still 12% above the same period in 2017. While the general consensus is that copper’s longer-term fundamentals are very positive, the medium-term outlook is less so, with prices projected to trend sideways.

Although aluminium cash quotes have declined since June, for the 9 month period, they have increased by 12% year-on-year. Trade policies, environmental factors and US sanctions have all played their part in shaping the aluminium market this year and will continue to do so in the medium term. This means that fundamentals are set to remain tight and with rising marginal costs, this should result in good price support.

Electrification on the agenda for battery metals

After a very strong start to 2018, zinc prices have plummeted, with September’s average down by 30% compared to the February peak, although 9 month prices were up by 9% year-on-year. Robust mine growth and a contraction in smelter production will result in a third consecutive year of metal deficits. The ongoing decline in zinc stocks will provide fundamental support for prices, recovering gradually from current levels to revisit the early 2018 highs in the first half of 2020.
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Lithium and cobalt markets have both succumbed to strong supply growth in response to high prices. Since the start of 2018, Chinese lithium carbonate prices have almost halved and cobalt prices have fallen by over one third since March. Despite some softness in medium-term prices, the narrative remains positive for both metals given the rising requirements for vehicle electrification and energy storage. Double-digit growth is expected for lithium demand out to 2025 and despite the anticipated wave of supply, the cobalt market will be in deficit as soon as 2023.

Lead has broadly followed zinc, with average prices in September down by 22% relative to January’s peak, although 9 month cash quotes increased by 3% year-on-year. While refined supply is set to outpace demand to 2021, we do not expect this to be materially detrimental to prices.

Resilience of Chinese hot metal good news for iron ore prices

The iron ore market has experienced its longest period of price stability since the index was launched. Wider price spreads based on grade and quality are symptomatic of the structural changes within China’s steel industry and will remain an important feature of the market. Peak steel in China is drawing nearer and seaborne trade in iron ore is approaching stagnation, but good times remain ahead for low cost suppliers of premium iron ore products.

Since the bottoming out of metals prices in 2015 and 2016, there has been extreme cost cutting and tidying up of balance sheets. With prices rising and margins once more expanding, miners have resumed dividends and share buy backs. But where is the investment in new capacity? Financial, geopolitical and technical risks are all playing a role, and only time will tell if we will see more metal project FIDs in the short-term .

Wood Mackenzie, a Verisk Analytics business, is a trusted source of commercial intelligence for the world's natural resources sector. We empower clients to make better strategic decisions, providing objective analysis and advice on assets, companies and markets.

[waldron] 05/10/2018 17:01

Rio Tinto
3,744.5 -4.02%

BHP Billiton
1,635.6 -3.90%


Anglo American
1,669.2 -4.25%


Glencore
325 -2.40%


Gold COMEX 1,205.80 +0.17%
Silver COMEX 14.66 +0.24%
Copper COMEX 2.76 -0.83%
Brent Crude Oil NYMEX 84.66 -0.24%

[waldron] 05/10/2018 16:59

Glencore PLC

05 October 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: 05 October 2018
Aggregate number of ordinary shares of USD
0.01 each purchased: 1,750,000
Lowest price paid per share (GBp): 322.3500
Highest price paid per share (GBp): 329.8000
Volume weighted average price paid per share
(GBp): 325.5815


The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 406,449,446 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 14,179,750,620. 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 20 February 2019, details of which were announced by the Company on 5 July 2018 and 25 September 2018.

Aggregated information


Trading venue Volume weighted Aggregated volume
average price
London Stock Exchange 325.5872 1,181,885
---------------- ------------------
BATS 325.6724 5,896
---------------- ------------------
Chi-X 325.5687 562,219
---------------- ------------------

[demo trader] 05/10/2018 10:36

GLEN(324.7P)........ Cridit Suisse analyst on out of date Vino, target 480p, UBS has modest 360p.

[grupo guitarlumber] 05/10/2018 09:45

Glencore faces an uncertain future in my view. Regulatory risk is high, and this has contributed to a decline in investor sentiment in recent months. As a result, the company now has a P/E ratio of around 9.

With Glencore having made various changes to its business model in recent years, it seems to be in a stronger position to overcome the volatility of the commodity markets. While it may remain unpopular among investors in the near term, lower debt and a more efficient business could lead to higher returns in the long run.

Barratt’s investment potential remains high in my view. Sure, Brexit has the potential to cause a slowdown in the UK economy which could lead to reduced demand for housing. But with a lack of supply versus demand and the potential for continued low interest rates, I think that the stock has a bright long-term future.

Barratt’s dividend yield of over 8% suggests to me that the company could offer a margin of safety. As a result, I feel that it could outperform the FTSE 100 in the long run.




About Robert Stephens 4481 Articles
Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email [e-mail] or use one of the other contact methods available on the 'Contact Us' page

[waldron] 04/10/2018 17:27

I BILLION USD OF BUYBACKS DONE

1 BILLION TO GO

[waldron] 04/10/2018 17:26

Glencore PLC

04 October 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: 04 October 2018
Aggregate number of ordinary shares of USD
0.01 each purchased: 1,750,000
Lowest price paid per share (GBp): 332.6000
Highest price paid per share (GBp): 339.5500
Volume weighted average price paid per share
(GBp): 335.8365


The Company will hold the repurchased shares in treasury. Following the above transaction, the Company holds 404,699,446 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 14,181,500,620. 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 335.8519 1,146,791
---------------- ------------------
BATS 335.2715 12,440
---------------- ------------------
Chi-X 335.8186 590,769

[waldron] 04/10/2018 17:06

Rio Tinto
3,901.5 -0.41%



BHP Billiton
1,702 +0.59%



Anglo American
1,743.2 -0.69%



Glencore
333 -0.16%



Gold COMEX 1,205.10 +0.33%
Silver COMEX 14.65 -0.10%
Copper COMEX 2.81 -0.55%
Brent Crude Oil NYMEX 85.25 -0.85%

[sarkasm] 04/10/2018 16:58

Glencore
333 -0.16%

[dmf] 04/10/2018 10:36

Copper demand to surge thanks to China's global ambitions, BHP says

hxxps://www.hl.co.uk/news/2018/10/4/copper-demand-to-surge-thanks-to-chinas-global-ambitions-bhp-says

[waldron] 03/10/2018 17:37

Rio Tinto
3,917.5 +0.69%

BHP Billiton
1,692 -0.38%

Anglo American
1,755.4 +0.82%


Glencore
333.55 -0.80%

Gold COMEX 1,203.60 -0.31%
Silver COMEX 14.72 +0.00%
Copper COMEX 2.82 +0.84%
Brent Crude Oil NYMEX 85.35 +0.77%

[bedruthan] 03/10/2018 15:59

Copper stock on the decline:-



Buy recommendation from British Bulls:-

[sarkasm] 03/10/2018 13:38

3 October 2018

Glencore plc

Baar, Switzerland

3 October, 2018

Third Quarter 2018 Production Report

Glencore plc announces that its Third Quarter 2018 Production Report will be released on Friday 26(th) October.

[losses] 03/10/2018 10:37

Need to crack 344 first.

[wisteria2] 03/10/2018 09:20

Steady rise back to 4 quid is on the cards here. gla