Glencore Share Discussion Threads

[montyhedge] 20/12/2018 16:22

Must admit amazed how well Glencore shareprice holding up.

[maywillow] 20/12/2018 10:18

4 shares with growth potential in 2019? Tesco PLC, Glencore PLC, AstraZeneca plc and Royal Dutch Shell Plc
Do these stocks offer improving prospects for next year? Tesco PLC (LON:TSCO) (TSCO.L), Glencore PLC (LON:GLEN) (GLEN.L), AstraZeneca plc (LON:AZN) (AZN.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L)
December 20, 2018 Robert Stephens FTSE 100




Royal Dutch Shell Plc
Royal Dutch Shell Plc

The investment prospects of shares in Tesco PLC (LON:TSCO) (TSCO.L), Glencore PLC (LON:GLEN) (GLEN.L), AstraZeneca plc (LON:AZN) (AZN.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) is the focus of this article. Could they deliver improving performance in 2019?

Tesco faces an uncertain future in my opinion. The company could be negatively impacted by weak consumer confidence – even though inflation is below wage growth. Consumers seem to be worried about Brexit, and this trend could continue over the first part of 2019.

However, with Tesco having what appears to be a low valuation, I think it could offer long-term growth potential. Its PEG ratio of 0.8 suggests to me that it may be cheap given its improving sales growth, rising margins and what appears to be a sound overall strategy.

Glencore’s share price performance in 2018 has been relatively disappointing in my view. Investors seem to have adopted an increasingly risk-averse attitude towards resources companies, and this trend could continue into the early part of 2019 in my opinion.

Further, there are multiple interest rate rises planned in the US in 2019, and they could hold back demand for commodities. That said, Glencore’s single-digit P/E ratio and a focus on electric vehicles could lead to an improving long-term outlook in my view.

AstraZeneca is expected to post 13% EPS growth in the 2019 financial year. I feel that this could boost investor sentiment towards the company, and may lead to a further rise in its share price over future years.

With AstraZeneca also having what I consider to be a defensive business model, I believe that the company may become increasingly popular during 2019 if the FTSE 100 continues to be volatile.

Shell’s share price could come under further pressure in my opinion. The oil price is on a downward trend, having fallen by over 30% since early October. This may lead to continued uncertainty and deteriorating investor sentiment in the near term.

However, I think Shell has a sound strategy. It is seeking to rationalise its asset base, while also deleveraging. This could create a stronger business, while a 6% dividend yield suggests to me that it may offer good value for money from a long-term investment perspective.




About Robert Stephens 5189 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

[bubloo] 19/12/2018 18:34

Dear friends Does anyone know of any share brokers who trade in toronto listed shares that does not settle in crest. Any help in this regard is much appreciated. Many Thx

[waldron] 19/12/2018 16:52

Rio Tinto
3,823.5 +2.45%


Anglo American
1,753 +2.37%



Glencore
294.4 +2.15%


Gold COMEX 1,259.00 +0.43%
Silver COMEX 14.85 +0.98%
Copper COMEX 2.69 +0.99%
Gasoline NYMEX 1.38 +2.82%
Natural Gas NYMEX 3.63 -5.39%

[ariane] 19/12/2018 09:35

SOUNDS VERY ORIGINAL

NAUGHTY BOYS AND GIRLS USED TO GET COAL IN THEIR STOCKINGS FOR CHRISTMAS

CHEERS

[dremel] 19/12/2018 09:26

Why do they want coal ?, also known now as the black death, everyone is moving away from it.
Just made up the Black death bit by the way .

[waldron] 19/12/2018 07:48

Glencore makes move on Mitsubishi coal assets
December 19, 2018News Vanessa Zhou

Image: Mitsubishi Corporation
Latest News

Rio Tinto in talks to extend Pilbara iron ore JV
Australian Vanadium highlights Gabanintha potential in study
Ramelius proceeds with Explaurum takeover as Alkane bows out
Woodside commissions Pluto pipeline in WA

Mitsubishi Corporation has sold its two thermal coal assets in Queensland for $750 million in a deal involving Glencore.

Mitsubishi let go of its 31.4 per cent stake in Clermont coal mine in the northern Bowen Basin to GS Coal, a joint venture between Glencore and Sumitomo Corporation.

Clermont was jointly owned by Misubishi Development (31.4 per cent), Glencore and Sumitomo (25.05 per cent each), J-Power Australia (15 per cent) and JCD Australia (3.5 per cent).

It is a 12 million tonnes a year mine formerly managed and co-owned by Rio Tinto.

The news follows reports this year that thermal coal exports are on an irreversible downward trend.

However, markets such as Japan, South Korea and Taiwan are strong traditional markets for thermal coal, with exports to Japan having risen by 2.4 per cent from December 2016–December 2017 to 64.3 million tonnes.

“The agreement will allow the company to continue supply of high quality thermal coal to its end users, adding to our continued commitment to energy security and its stable supply,” Sumitomo said in a statement.

“Sumitomo Corp will continue to take action to achieve a low carbon society, based on our belief that climate change is a material concern that has lasting implications to our environment, society, and corporate activities for generations, while we continue to fulfill of our social mission of stable energy supply.”

Mitsubishi has also sold its 10 per cent stake in Ulan coal mine to Glencore Coal.

Ulan has been managed by Glencore, boasting a production rate of up to 20 million tonnes a year product coal through to 2031. It is situated in the western coalfields of New South Wales.

Mitsubishi expects both sales to complete in 2019. The company still has ownership over several metallurgical coal mines in Australia through its 50:50 partnership with BHP as part of the BHP Billiton Mitsubishi Alliance (BMA).

[ariane] 18/12/2018 19:03

Business

Regulator Fines Glencore Copper Unit $21.3 Million
Canadian authorities say mining firm misled investors about risks and production figures in Congo
By Scott Patterson
Updated Dec. 18, 2018 1:09 p.m. ET

Canada’s main stock-market regulator issued a record $21.3 million fine to a Glencore PLC-controlled copper-mining company to settle allegations that it misled investors.

[waldron] 18/12/2018 17:12

Rio Tinto
3,732 -0.81%


Anglo American
1,712.4 +0.28%


Glencore
288.2 -1.62%


Gold COMEX 1,252.80 +0.08%
Silver COMEX 14.73 -0.20%
Copper COMEX 2.66 -3.32%
Brent Crude Oil NYMEX 57.19 -4.06%
Gasoline NYMEX 1.37 -3.29%
Natural Gas NYMEX 3.73 +5.75%

[waldron] 18/12/2018 09:15

Glencore ups stakes in two Australian coal mines
By Rhiannon Hoyle

Published: Dec 18, 2018 2:47 a.m. ET







SYDNEY--Glencore PLC (GLEN.LN) said it will increase its stakes in two Australian coal mines, as it continues to raise its bets on the energy commodity.

The company said it struck a deal with a unit of Mitsubishi Corp. (8058.TO) to buy its 10% interest in the Ulan coal operation in New South Wales state.

Glencore's joint venture with Sumitomo Corp. (8053.TO), a 50-50 partnership called GS Coal, will also buy up to 100% of Mitsubishi's 31% stake in the Clermont coal operation in Queensland state, Glencore said.

The total value of the deals is US$530 million. Glencore will spend US$130 million, mainly on the Ulan asset, while GS Coal will use its own funds for the Clermont stake, it said.

While some big integrated mining giants such like Rio Tinto Ltd. (RIO.AU) have been backing away from coal, Glencore, led by former coal trader Ivan Glasenberg, has been doubling down in a gamble that Southeast Asian countries will continue to rely on it as a cheap fuel for power plants.

"Glencore welcomes this development given Clermont and Ulan operations are established, low cost, producers of high quality thermal coal which predominantly supply customers across Asia," the company said in an emailed statement.

It said both deals are subject to regulatory approval.

Write to Rhiannon Hoyle at [e-mail]

[waldron] 18/12/2018 08:29

Regulator Says Glencore Hid Risks -- WSJ
18/12/2018 8:02am
Dow Jones News

Glencore (LSE:GLEN)
Intraday Stock Chart

Today : Tuesday 18 December 2018
Click Here for more Glencore Charts.

By Scott Patterson

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (December 18, 2018).

Canada's main stock-market regulator said a Glencore PLC-controlled copper-mining company hid from investors the risks associated with its reliance on Israeli businessman Dan Gertler in the Democratic Republic of Congo.

The Ontario Securities Commission said Glencore's Katanga Mining Ltd. relied upon, and paid associates of, Mr. Gertler to "maintain relations" with the Congolese government, including legal, tax and customs clearing services.

The Wall Street Journal reported Sunday that Katanga and several of its executives and former directors had agreed to pay more than 30 million Canadian dollars (US$22 million) to settle the allegations, which also include claims that the company overstated copper production over the course of several years.

The OSC said it would hold a hearing on the settlement in Toronto on Tuesday.

Glencore owns about 86% of Katanga after buying out Mr. Gertler's stake in the mining company in 2017. The OSC alleged that starting in 2010, a close associate of Mr. Gertler's was "tasked with the responsibility for engaging" with the Congolese government on Katanga's behalf.

In 2013, a unit of Katanga formalized the relationship by entering into a contract for services with De Novo Congo SPRL, a company associated with Mr. Gertler, the OSC said. The Journal first disclosed the contract with De Novo in July.

The OSC also alleged that a unit of Katanga Mining for several years failed to disclose that it had diverted more than $100 million in royalty and other payments from Congo's state-run mining company to a company controlled by Mr. Gertler. The payments were shifted to Mr. Gertler at the request of the Congolese state mining company, the OSC said.

A Glencore spokesman declined to comment after the OSC news release on Monday. A spokesman for Fleurette Group, Mr. Gertler's main company in Congo, said it "has always acted appropriately and with integrity in the DRC. Nothing has ever been proven against the company or its executives in a court of law." Mr. Gertler has denied wrongdoing.

Mr. Gertler was a central figure in a $412 million settlement between the U.S. Justice Department and the Securities and Exchange Commission with New York hedge fund Och-Ziff Capital Management Group LLC. An Israeli businessman paid more than $100 million in bribes to Congolese government officials, including Congo President Joseph Kabila, to get beneficial terms for deals in the Central African country, the Justice Department and SEC alleged. The Israeli businessman was Mr. Gertler, according to people familiar with the matter.

A year ago the U.S. Treasury Department sanctioned Mr. Gertler, alleging he traded on a friendship with Mr. Kabila to amass a fortune through "opaque and corrupt" deals on behalf of multinational companies seeking to do business in Congo.

Glencore said in July that it had received a subpoena from the U.S. Justice Department demanding records related to its compliance with American antibribery and money-laundering laws in Congo, Nigeria and Venezuela. The Journal reported that a focus of the probe is Glencore's ties to Mr. Gertler.

Write to Scott Patterson at [e-mail]



(END) Dow Jones Newswires

December 18, 2018 02:47 ET (07:47 GMT)

[waldron] 17/12/2018 16:50

Rio Tinto
3,764 +2.41%


Anglo American
1,714.8 +1.20%


Glencore
293.9 +1.47%


Gold COMEX 1,246.70 +0.43%
Silver COMEX 14.71 +0.46%
Copper COMEX 2.75 -0.58%
Brent Crude Oil NYMEX 59.70 -0.96%
Gasoline NYMEX 1.42 -0.91%
Natural Gas NYMEX 3.66 -4.36%

[grupo] 16/12/2018 15:38

Glencore-Controlled Miner to Be Fined by Canadian Authorities Over Congo Ops
Regulator expected to allege Katanga Mining hid risks of doing business with Israeli diamond merchant closely linked to Congolese President Joseph Kabila
By Ben Dummett and
Scott Patterson
Updated Dec. 16, 2018 10:12 a.m. ET

A Glencore PLC-controlled mining company and some of its current and former directors and executives have agreed to pay more than $22 million to settle Canadian allegations that they hid the risks of doing business with a controversial Israeli businessman closely linked to Congolese President Joseph Kabila, according to a person familiar with the matter.

[creditcrunchies] 14/12/2018 19:41

I've got commodities and they're up (gold and silver) this miner is on a major down trend if the divi is that great keep averaging down

[waldron] 14/12/2018 16:48

Rio Tinto
3,664.5 -1.87%


Anglo American
1,691.2 -1.21%



Glencore
288.85 -2.13%


Gold COMEX 1,243.00 -0.35%
Silver COMEX 14.68 -1.21%
Copper COMEX 2.76 -0.42%
Brent Crude Oil NYMEX 60.23 -1.99%
Gasoline NYMEX 1.44 -2.90%
Natural Gas NYMEX 3.91 -5.21%