Glencore Share Discussion Threads

[waldron] 18/10/2018 16:53

Rio Tinto
3,733 -1.61%


BHP Billiton
1,549.6 -1.46%



Anglo American
1,639 -2.25%


Glencore
309.95 -1.62%

Gold COMEX 1,231.10 +0.46%
Silver COMEX 14.63 -0.03%
Copper COMEX 2.75 -1.06%
Brent Crude Oil NYMEX 79.66 -0.81%

[losses] 18/10/2018 16:33

China seen sustaining recovery in global mining M&AHttps://finance.yahoo.com/news/china-seen-sustaining-recovery-global-133313188.html

[waldron] 17/10/2018 16:54

Rio Tinto
3,794 +1.50%


BHP Billiton
1,572.6 -1.01%


Anglo American
1,676.8 -0.21%


Glencore
315.05 +0.08%


Gold COMEX 1,230.20 +0.17%
Silver COMEX 14.70 +0.10%
Copper COMEX 2.77 -0.32%
Brent Crude Oil NYMEX 79.73 -2.30%

[waldron] 17/10/2018 07:57

proactiveinvestors


Ironbark Zinc ready to continue discussions with Glencore International
17:09 17 Oct 2018
Ironbark has rejected the appointment of a replacement nominee Glencore director but remains open to discussions.
board chairs
Ironbark is aiming to develop the Citronen Zinc project in Greenland

Ironbark Zinc Ltd (ASX:IBG) has provided further disclosure regarding the resignation of David Kelly, a Glencore International AG nominee, as a director of the company.

Concurrent with the notification of Kelly’s resignation announced on October 8 2018, Ironbark received a request from Glencore to appoint a replacement nominee director.
READ: Ironbark Zinc retains speculative buy rating from Patersons

The board of Ironbark have decided not to appoint a replacement Glencore nominee director and have informed Glencore of that decision.

Glencore has provided a further notice to Ironbark that it:
• considers it has a contractual right to appoint a nominee director to the Ironbark board;
• requests the immediate reinstatement of a nominee director; and
• reserves its rights in relation to the matter.

Ironbark disagrees that Glencore has a contractual right to an ongoing board position.

At this stage Ironbark rejects the appointment of a nominee Glencore director but remains open to discussions with Glencore regarding Glencore’s future support of and involvement with the company.

[waldron] 16/10/2018 16:55

Rio Tinto
3,738 +0.04%


BHP Billiton
1,588.6 +0.05%


Anglo American
1,680.4 -1.20%


Glencore
314.8 -1.21%

Gold COMEX 1,231.60 +0.09%
Silver COMEX 14.74 +0.14%
Copper COMEX 2.78 -0.05%
Brent Crude Oil NYMEX 80.73 -0.10%

[uncertain times] 16/10/2018 15:35

The share price is like a headless chicken at the moment....doesn't know which way to run.

[la forge] 16/10/2018 09:37

What could the future hold for Aviva plc, Glencore PLC, Vodafone Group plc and Royal Dutch Shell Plc?
Do these shares offer bright investment outlooks? Aviva plc (LON:AV) (AV.L), Glencore PLC (LON:GLEN) (GLEN.L), Vodafone Group plc (LON:VOD) (VOD.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L)
October 16, 2018 Robert Stephens FTSE 100




Royal Dutch Shell Plc
Royal Dutch Shell Plc

The investment prospects of Aviva plc (LON:AV) (AV.L), Glencore PLC (LON:GLEN) (GLEN.L), Vodafone Group plc (LON:VOD) (VOD.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) appear to be relatively bright in my view.

Aviva is currently searching for a new CEO, which could create a degree of instability in the short run. However, with what seems to be a sound business model following its restructuring of recent years, I feel it could generate improving financial performance.

With acquisitions set to be ahead alongside further investment in fast-growing markets, I believe that the Aviva share price could offer good value for money on a dividend yield of around 6%.

Glencore’s recent share price falls could continue in the short run. Investor sentiment appears to be weak, and this trend could continue as fears surrounding regulatory risks continue.

However, with a single-digit P/E ratio and what seems to be an improving business model, I’m upbeat about the outlook for the Glencore share price. With the world economy continuing to grow relatively quickly, I think it could benefit from a buoyant commodity marketplace.

Vodafone’s share price fall has been disappointing in recent months. The company’s stock price has come under pressure as investors have become concerned about the level of investment required by the business.

While this could hold back its performance in the near term, over the long run I believe that the FTSE 100 stock could offer upside potential. Vodafone has a 7%+ dividend yield and with acquisitions having been made recently, its EPS growth rate could improve over the next few years.

Shell’s dividend yield continues to be relatively attractive in my view – even after its share price has performed relatively well in recent months.

With a 5.5%+ dividend yield, the stock continues to have a yield that is around 150 basis points higher than the FTSE 100. Since I’m optimistic about the prospects for the oil price, I feel that Shell could offer upside potential, although volatility may be relatively high.




About Robert Stephens 4577 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] 15/10/2018 17:04

Rio Tinto
3,736.5 +1.69%


BHP Billiton
1,587.8 +0.72%


Anglo American
1,700.8 +1.00%


Glencore
318.65 +1.61%



Gold COMEX 1,231.50 +0.81%
Silver COMEX 14.75 +0.79%
Copper COMEX 2.81 -0.07%
Brent Crude Oil NYMEX 80.09 -0.60%

[waldron] 15/10/2018 10:11

Broker Forecast - Jefferies International issues a broker note on Glencore PLC
By BFN News | 08:10 AM | Monday 15 October, 2018

Factsheet Glencore PLC Ord USD0.01 (GLEN)


Jefferies International today reaffirms its buy investment rating on Glencore PLC (LON:GLEN) and cut its price target to 440p (from 450p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[waldron] 15/10/2018 09:32

MHRANGOON
15 Oct '18 - 09:30 - 15154 of 15154
0 0 0
This news is for Greencore not Glencore?

CHEERS FELLA and sarah

SILLY ME

EYES DID NOT SEE

[mhrangoon] 15/10/2018 09:30

This news is for Greencore not Glencore?

[waldron] 15/10/2018 08:11

Greencore to sell its entire US operations for over $1 billion
Updated / Monday, 15 Oct 2018 07:50

SORRY WRONG TREAD

I AM STICKING TO THAT EXCUSE

HAVE A GREAT WEEK

[sarkasm] 14/10/2018 17:43

Glencore blames £4m loss on lack of exportable surplus
© Tim Scrivener© Tim Scrivener

Grain trader Glencore Agriculture UK has plunged to a £4m pre-tax loss after a sharp dip in the number of tonnes traded.

Its annual financial report, made up to 31 December 2017, shows a pre-tax loss of £4m from a turnover of £261.9m after an operating profit in the previous year of £1m on a turnover of £256.4m.

Glencore said the losses were due to a 15% decline in tonnes of commodities traded, with the poor 2017 harvest making less product available, and the UK’s longer-term decline in an exportable surplus of grains and oilseeds also weighing on the firm.

It is the latest in a string of grain trading companies to have a difficult year, with significant losses also seen at Cofco, Openfield and Fengrain and severe profit declines at Cefetra and Gleadell Agriculture.

Glencore Agriculture UK managing director James Maw said the company is now seeing the benefits of moving away from a focus on exporting grain to importing animal feed ingredients via its parent company, global trader Glencore Agriculture, and it is “back in the black” in 2018.

See also: Cereal varieties: Winners and losers at harvest 2018

“Three years ago we exported 1m tonnes and imported nothing,” he said. “But this calendar year we will be close to 1m tonnes of imports and exports will be approximately 50,000t.”
Explore moreKnow How

Visit our Know How centre for practical farming advice

This week marks the first arrival of a shipment of dried distillers’ grains from the US for Glencore. This docked at Immingham on Wednesday (10 October), after the closure of Vivergo significantly depleted home-produced supplies of the feedstuff.

The company has focused on adding import capacity in Teesport, to serve the high concentration of pig finishers in the region, and on the Isle of Portland, allowing better access to south-western livestock farmers.

Access in the South has been facilitated by the purchase in April 2017 of Dorset-based feed trading firm Mercury Commodities, which had previously been its soya bean meal customer, and allowed Glencore to broaden imports to other straights such as wheat and maize gluten, rape meal and sugar beet pellets.

Glencore Agriculture UK is a division of international commodities trading company Glencore Agriculture, which is part owned by mining giant Glencore and two Canadian pension companies.

This article has been updated since it was first published.

[sarkasm] 12/10/2018 22:46

Can Glencore PLC recover after 20% share price fall?
Does Glencore PLC (LON:GLEN) (GLEN.L) have turnaround potential?
October 11, 2018 Robert Stephens Glencore (LON:GLEN)




Glencore PLC
Glencore PLC

Since the start of the year, the Glencore PLC (LON:GLEN) (GLEN.L) share price has fallen by around 20%. That’s a disappointing performance, with investors becoming uncertain about the regulatory risk facing the company.

Of course, a stronger dollar may also have helped peg back the performance of the company’s stock price. This could have reduced demand for commodities across the globe, and this trend could continue as US interest rates are forecast to rise.

In my view, the prospects for the Glencore share price may therefore be uncertain. I wouldn’t be surprised if there is further volatility ahead in the near term, which may lead to additional disappointment for the company’s investors.

That said, the valuation of the stock now appears to be relatively low. It has a P/E ratio of around 9 according to my calculations, and this suggests that there could be a margin of safety on offer. Given the strength of the world economy’s growth rate, this could mean that the stock has investment appeal in my opinion.

Glencore has been able to improve its business model in recent years to my mind. It has reduced debt and also cut costs in order to make itself more efficient. This could lead to a stronger financial outlook for the business, and it may prove to be more resilient during periods of heightened volatility for the wider resources industry.

With the stock having a dividend yield in excess of 5%, I think that it could offer income investing appeal. Although it is riskier and more volatile than many FTSE 100 dividend stocks, in the long run the total returns which may be available could prove to be relatively sound.

Therefore, while its performance in 2018 has been disappointing, the long-term recovery potential for the business remains sound in my view. Its shares may fall further in the near term, but could offer turnaround potential in the coming years.




About Robert Stephens 4553 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] 12/10/2018 16:57

Rio Tinto
3,674.5 +1.25%


BHP Billiton
1,576.4 +0.79%



Anglo American
1,684 +3.95%


Glencore
313.6 +0.76%


Gold COMEX 1,223.00 -0.38%
Silver COMEX 14.61 +0.00%
Copper COMEX 2.80 +1.05%
Brent Crude Oil NYMEX 80.18 -0.14%

[twixy] 11/10/2018 22:44

I'm surprised how few shares were bought back today, given the price weakness!

[waldron] 11/10/2018 17:25

Rio Tinto
3,629 -0.47%


BHP Billiton
1,564 -0.60%


Anglo American
1,620 -0.89%


Glencore
311.25 -0.19%





Gold COMEX 1,224.30 +2.19%
Silver COMEX 14.61 +2.03%
Copper COMEX 2.80 +1.87%
Brent Crude Oil NYMEX 81.26 -1.36%

[grupo guitarlumber] 11/10/2018 17:22

Glencore
311.25 -0.19%






Copper COMEX 2.80 +1.87%

[waldron] 10/10/2018 17:01

Rio Tinto
3,646 -3.89%



BHP Billiton
1,573.4 -4.12%




Anglo American
1,634.6 -3.42%



Glencore
311.85 -4.38%



Gold COMEX 1,192.80 -0.03%
Silver COMEX 14.31 -0.69%
Copper COMEX 2.79 -0.84%
Brent Crude Oil NYMEX 83.38 -1.72%

[la forge] 10/10/2018 09:14

10 October 2018

Board Update

Glencore plc announces that, following his resignation yesterday as Deputy Chairman of Sky plc, Martin Gilbert has resumed his position as Senior Independent Director of Glencore plc with immediate effect.