Glencore Share Discussion Threads

[maywillow] 22/11/2018 08:46

Twixy
21 Nov '18 - 16:57 - 131 of 132
0 1 0
Anyone shed any light on why we missed out on today’s rally; metals up, oil up, currencies stable v USD?


Twixy

perhaps its based on continued concern about court cases,scandals and possible investigations

until the above is sorted one should expect certain correlation to be defunct


CHEERS AND HAPPY THANKSGIVING AND OR BLACK FRIDAY

[maywillow] 22/11/2018 08:41

Is Glencore PLC’s share price set for further volatility?
Could Glencore PLC (LON:GLEN) (GLEN.L) experience further uncertainty?
November 22, 2018 Robert Stephens Glencore (LON:GLEN)




Glencore PLC
Glencore PLC

This year has been a relatively challenging one for the Glencore PLC (LON:GLEN) (GLEN.L) share price. It has fallen by £1 per share, with it starting the year at £3.95 and now trading at £2.95.

In my view, there could be further volatility ahead for the stock, with investors seemingly uncertain about the prospects for the world economy. This seems to have been prompted by the threat of rising US interest rates, which could reduce demand for commodities in future and also cause a slowdown in growth in the world economy.

Alongside this, further tariffs cannot be ruled out. They could lead to pressure on the rate of global GDP growth over the medium term, which may cause investor sentiment towards the resources sector to decline to some degree.

As well as external challenges, Glencore may also face regulatory risks. They could hold back its share price prospects, although the stock’s P/E ratio of around 8 indicates that it may already have a margin of safety factored into its share price.

Given its relatively low valuation, I believe that the company may offer long-term investment potential. In the short run, it could experience further challenges, but I believe that the cost-reduction and debt-reduction strategies that have been pursued in recent years may have created a stronger business that is better able to cope with a volatile wider commodities market.

Therefore, while I think that Glencore faces continued risks which may lead to further volatility, I am also of the view that it could offer good value for money at the moment. It is forecast to post modest EPS growth next year, and this could help to improve investor sentiment to at least some degree.

As someone who is generally bullish about the outlook for the resources industry, I’m optimistic about the stock’s long-term outlook. However, I think its period of heightened volatility may not yet be over.




About Robert Stephens 4928 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

[twixy] 21/11/2018 16:57

Anyone shed any light on why we missed out on today's rally; metals up, oil up, currencies stable v USD?

[waldron] 21/11/2018 16:50

Rio Tinto
3,853 +1.18%


BHP Billiton
1,604.6 +1.21%


Anglo American
1,699 +1.99%


Glencore
296.2 +0.10%


Gold COMEX 1,228.10 +0.57%
Silver COMEX 14.52 +1.72%
Copper COMEX 2.79 +0.83%
Brent Crude Oil NYMEX 64.35 +2.91%
Gasoline NYMEX 1.52 +3.06%
Natural Gas NYMEX 4.57 +1.02%

[losses] 21/11/2018 07:23

Looks like idiot Trump his hurting his own by waging the trade war...

[losses] 21/11/2018 07:23

Harvesting in a trade war - U.S. crops rot as storage costs soarHttps://uk.finance.yahoo.com/news/harvesting-trade-war-u-crops-rot-storage-costs-061046991--finance.html

[leoneobull] 20/11/2018 17:38

I wouldn't want to have exposure to the UK economy either. Ironic the Mail the Brexit champion recommending companies to buy on basis they have no Brexit exposure Lol. You couldn't make it up

[waldron] 20/11/2018 16:50

Rio Tinto
3,812 -1.98%


BHP Billiton
1,583.2 -2.46%


Anglo American
1,666.4 -3.34%


Glencore
296.75 -1.30%


Gold COMEX 1,223.90 -0.11%
Silver COMEX 14.31 -0.68%
Copper COMEX 2.78 -0.77%
Brent Crude Oil NYMEX 63.43 -5.03%
Gasoline NYMEX 1.50 -4.79%
Natural Gas NYMEX 4.52 -3.83%

[action] 20/11/2018 08:19

China belt and road project will control most of the port as China is financing it . Total infrastructure in the world in next 20 to 30 years will be trillions of $.Good future for infrastructure company and metal producers

[leoneobull] 19/11/2018 21:56

https://www.independent.co.uk/news/uk/politics/david-davis-countries-democracy-brexit-vote-article-50-second-referendum-a7629636.htmlDavid Davis . Democracy is rather subjective

[waldron] 19/11/2018 17:12

Rio Tinto
3,889 -0.54%

BHP Billiton
1,623.2 +1.02%



Anglo American
1,724 +1.25%


Glencore
300.65 +1.06%


Gold COMEX 1,223.30 +0.02%
Silver COMEX 14.36 -0.15%
Copper COMEX 2.80 -0.11%
Brent Crude Oil NYMEX 66.13 -0.94%
Gasoline NYMEX 1.56 -0.64%
Natural Gas NYMEX 4.74 +10.93%

[kyoquot] 19/11/2018 15:40

"Dremel you are spot on, wish others had the common sense to see things from your point of view.Every years we remember the fallen in 2 world wars,they must be turning in their graves at what is going on in the uk today,Knife crime,all the Criminals targeting the Elderly,Financial Fraud,where Pensioners are robbed of their life savings,Drug Mafia operating from Eastern Europe,Young girls being "Groomed" by Asian Gangs,money and benefits handed over to people who have never worked and contributed to the National "Pot" and the list goes on"

So which categories do you fall into red ticker ?

[losses] 19/11/2018 15:19

China's CEFC paid out compensation after Rosneft stake deal fell throughHttps://finance.yahoo.com/news/chinas-cefc-paid-compensation-rosneft-145507807.html

[adrian j boris] 18/11/2018 19:12

Shares in Glencore were tipped as a 'buy' by Midas in the Mail on Sunday, having fallen by almost a quarter in 2018 since hitting a five and a half year high in January. With Brexit uncertainty hitting UK-focused stocks, the Swiss-based commodities giant has virtually no exposure to the UK economy and metals prices are slowly recovering, while chief executive Ivan Glasenberg looks to turn things around. London's biggest ever flotation when it joined the market at 530p in 2011, becoming even bigger when it bought miner Xstrata, then tumbling to below £1 in late 2015 as China's growth slowed and investors worried about the effect on its huge demand for metals.

The fall in metals prices, particularly copper, Glencore's key metal, led to Glasenberg pursuing a cash call for not far off £7bn. With the balance sheet bolstered and metal prices recovering, Glencore shares have strengthened but still much weaker than their float price, though there are reports that Glasenberg wants to get the price back above where they started before retiring in three to five years' time. A bribery investigation by the US Department of Justice continues to weigh on the shares.

Another City rumour is that the South African, who along with other directors owns more than a quarter of the company, wants to take it private again. "If he did take that route, he would be forced to offer investors more than the market price for the shares.

[montyhedge] 18/11/2018 14:20

Investors hate uncertainty and quite a bit of uncertainty here.Congo, USA. Commodities falling, where is this shareprice going.

[fireplace22] 18/11/2018 11:46

Very odd GLEN trades page on advfn today?

Hope they weren't sells, 3.7B shares thats over a quarter of market cap!

[waldron] 18/11/2018 10:31

SAFE TRIP

NOW TRULY OFF TO LUNCH

MIGHT BE FISH AND CHIPS WITH CHAMPAGNE TODAY

I SHOULD BE SO LUCKY

[foxy22] 18/11/2018 10:23

They are sells!!!Enjoy rest of sundayI am travelling!!