Glencore Share Discussion Threads

[montyhedge] 01/1/2019 14:53

Neutral that really means a sell, otherwise it's a hold or buy.

[maywillow] 01/1/2019 14:06

UBS Group reissued their neutral rating on shares of Glencore (LON:GLEN) in a research note issued to investors on Thursday, December 13th, www.boersen-zeitung.de reports. UBS Group currently has a GBX 360 ($4.70) price objective on the natural resources company’s stock.

Several other brokerages have also recently commented on GLEN. Citigroup restated a buy rating on shares of Glencore in a research note on Wednesday, September 26th. Deutsche Bank reaffirmed a buy rating and set a GBX 450 ($5.88) target price on shares of Glencore in a report on Wednesday, September 26th. Goldman Sachs Group set a GBX 375 ($4.90) target price on shares of Glencore and gave the company a buy rating in a report on Thursday, September 13th. Credit Suisse Group set a GBX 480 ($6.27) target price on shares of Glencore and gave the company a buy rating in a report on Wednesday, September 19th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a GBX 440 ($5.75) target price (down from GBX 450 ($5.88)) on shares of Glencore in a report on Monday, October 15th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 382.14 ($4.99).

[leoneobull] 01/1/2019 08:45

Brextremists are petrified of a second referendum. Happy New Year

[waldron] 31/12/2018 14:36

BUYBACKS COMING ALONG SLOWLY BUT SURELY

USD 1.7 BILLION APPROX OF 2

2018/19 share buy-back programme

On 5 July 2018, Glencore plc commenced a share repurchase or buy-back programme of up to USD1 billion (the “Programme”) in the period to 31 December 2018. On 25 September 2018, Glencore plc further announced an increase in the size of the Programme by an additional amount of up to USD1 billion and the extension of the duration of the programme until the close of dealings on 20 February 2019.

[maywillow] 31/12/2018 14:34

Does Glencore PLC have a bright investment outlook?
Could Glencore PLC (LON:GLEN) (GLEN.L) deliver an improving share price performance?
December 31, 2018 Robert Stephens Glencore (LON:GLEN)




Glencore PLC
Glencore PLC

The prospects for resources stocks such as Glencore PLC (LON:GLEN) (GLEN.L) could be relatively uncertain in my view. The stock has experienced a challenging number of months, with its share price declining by 26% during the course of 2018.

In the near term, I wouldn’t be surprised if there is continued volatility for the stock. The US interest rate is expected to rise three times next year according to my research, and this could put a number of resources shares under pressure. A higher US interest rate could make commodities that are priced in dollars more expensive, and this may impact negatively on demand over the medium term.

Following its share price fall, Glencore now has a single-digit P/E ratio. This suggests to me that it may offer good value for money and could have recovery potential over the long run.

I believe that its exposure to the raw materials that are used in the manufacture of electric vehicles could provide it with a tailwind in future years. Demand for cleaner methods of transportation could increase, and this could offer a growth area for the business.

Alongside this, Glencore has improved its balance sheet in recent years according to my research. It has been able to reduce debt levels and cut costs. These measures could lead to improving financial prospects over future years in an era where a tighter US monetary policy may put pressure on the wider resources industry.

Therefore, while potentially volatile in the near term, I believe that the company could offer long-term investment potential. It appears to have a sound strategy which has focused on improving its financial strength, while also investing in potential growth areas. Following its share price fall, it now seems to offer a margin of safety. As a result, I’m cautiously optimistic about its prospects over future years.




About Robert Stephens 5214 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] 31/12/2018 13:16

Rio Tinto
3,730 -0.86%


Anglo American
1,747.8 -0.36%


Glencore
291.35 +0.47%



Gold COMEX 1,285.30 +0.18%
Silver COMEX 15.54 +0.64%
Copper COMEX 2.67 -0.32%
Brent Crude Oil NYMEX 54.68 +2.76%
Gasoline NYMEX 1.34 +2.66%
Natural Gas NYMEX 3.12 -5.48%

[waldron] 28/12/2018 16:54

Rio Tinto
3,762.5 +1.36%


Anglo American
1,754.2 +2.33%


Glencore
290 +2.78%


Gold COMEX 1,281.00 -0.01%
Silver COMEX 15.38 +0.46%
Copper COMEX 2.69 +0.79%
Brent Crude Oil NYMEX 53.40 +1.27%
Gasoline NYMEX 1.30 +1.12%
Natural Gas NYMEX 3.32 -6.46%

[waldron] 28/12/2018 16:28

Nestlé beats Royal Dutch Shell to become top in Europe
This content was published on December 28, 2018 2:25 PM Dec 28, 2018 - 14:25
Reflection of the headquarters of Nestle in Vevey

The headquarters of Nestlé is in Vevey on the shores of Lake Geneva. The multinational has about 320,000 employees.
(Keystone)

The Swiss-based food and drink multinational Nestlé is the most valuable European company, according to a new international survey.

Nestlé edges out Royal Dutch Shell to move into 15th position worldwide – up three places with a stock market value of $252 billion (CHF250 billion), the annual report by the services company Ernst&Young found.

Two Swiss pharmaceutical giants, Roche and Novartis, also feature in the top 100, in positions 24 and 31 respectively, both of them improving their global standing.

Two insurance companies – Chubb and Zurich Insurance Group – as well as the commodity and mining firm Glencore, the leading UBS bank and the engineering company ABB are listed among the top 300.

The most expensive company in the world is the United States technology firm, Microsoft, which relegated Apple to second place ahead of Alphabet, the parent company of Google.

The most valuable non-American firms are Chinese internet companies Tencent and Alibaba in positions six and nine respectively.

Switzerland takes fourth place in the country ranking behind the US, China/Hong Kong and Britain.

[montyhedge] 28/12/2018 15:37

La Forge
Its seems countries have it in for Glencore, lol.

[montyhedge] 27/12/2018 20:52

What a turn around Dow, up tomorrow boys.

[waldron] 27/12/2018 17:00

Rio Tinto
3,712 -1.67%


Anglo American
1,714.2 -1.44%


Glencore
282.15 -1.93%


Gold COMEX 1,277.10 +0.42%
Silver COMEX 15.28 +3.07%
Copper COMEX 2.67 +0.17%
Brent Crude Oil NYMEX 53.39 -2.50%
Gasoline NYMEX 1.30 -1.36%
Natural Gas NYMEX 3.42 -1.21%

[montyhedge] 27/12/2018 16:28

Soon bounce boys, great trading shares, no stamp duty.Massive buybacks, 315p we come.

[montyhedge] 27/12/2018 16:02

I think these will bounce with the buybacks should be over 300p, massive buybacks scheduled.

[montyhedge] 27/12/2018 14:08

Holding well, I thought 275p today.

[waldron] 27/12/2018 08:19

Rio Tinto
3,798.5 +0.62%


Anglo American
1,755 +0.91%


Glencore
293.25 +1.93%


Gold COMEX 1,270.90 -0.07%
Silver COMEX 15.05 +1.52%
Copper COMEX 2.68 +0.83%
Brent Crude Oil NYMEX 54.01 -1.37%
Gasoline NYMEX 1.31 -0.90%
Natural Gas NYMEX 3.38 -2.28%

[uncertain times] 26/12/2018 22:53

Up day tomorrow then

[waldron] 24/12/2018 15:25

Rio Tinto
3,775 -0.66%


Anglo American
1,739.2 -0.71%


Glencore
287.7 +0.17%


Gold COMEX 1,270.10 +0.95%
Silver COMEX 14.81 +0.73%
Copper COMEX 2.66 -0.37%
Brent Crude Oil NYMEX 53.13 -1.28%
Gasoline NYMEX 1.30 -0.45%
Natural Gas NYMEX 3.55 -5.36%

[sparky333] 24/12/2018 13:37

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[florenceorbis] 24/12/2018 11:58

Glencore makes announcement in connection with Katanga Mining Limited

Published by Stephanie Roker, Deputy Editor
Global Mining Review, Monday, 24 December 2018 11:00

Glencore notes the announcement on 18 December by Katanga Mining Limited that Katanga has entered with others into a settlement agreement with the Ontario Securities Commission (OSC). Katanga will make a payment of CAN$30 million (US$22.5 million) as part of the settlement.

The settlement agreement resolves a proceeding recently commenced by the OSC against Katanga and certain current and former officers and certain former Glencore nominees on the Katanga board. The settlement follows the investigation by the OSC into certain of Katanga’s historic accounting practices, corporate governance and disclosure practices and related conduct by the individual respondents.

Glencore announced the existence of the OSC investigation into Katanga on 20 November 2017 following the completion by Katanga of an internal review of certain of its historic accounting practices (the review) and the restatement of Katanga’s financial statements. Following the review, Glencore implemented remediation measures to strengthen Katanga’s corporate governance, compliance and control processes.

Glencore has since that time also implemented various structural and control changes across its wider copper department to enhance and strengthen its financial processes and procedures. In addition, Glencore has as part of its own continuous improvement activities continued to strengthen the Glencore group’s controls and made substantial investments to enhance its compliance programme across the Glencore group. As set out in Katanga’s announcement, Glencore and Katanga intend to enter into a management services agreement which will allow Glencore to more effectively manage Katanga and implement enhanced governance and controls.

Glencore is disappointed by the conduct that has led to today’s settlement. Glencore has taken appropriate remedial actions in response to this conduct. Glencore is working with Katanga to implement the various changes to improve its reporting and control functions and to address the cultural failures that led to this conduct. Glencore is pleased that Katanga has brought this matter to a conclusion and its focus is now on implementing its proposals for enhanced control and governance functions at Katanga.

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[waldron] 21/12/2018 16:57

Rio Tinto
3,800 +1.43%


Anglo American
1,751.6 +2.84%


Glencore
287.2 +0.88%

Gold COMEX 1,260.70 -0.57%
Silver COMEX 14.74 -0.90%
Copper COMEX 2.68 -0.67%
Brent Crude Oil NYMEX 54.22 -0.24%
Gasoline NYMEX 1.30 -0.24%
Natural Gas NYMEX 3.77 +5.08%

[waldron] 21/12/2018 10:32

BUYBACKS COMING ALONG SLOWLY BUT SURELY

USD 1.66 BILLION APPROX OF 2

2018/19 share buy-back programme

On 5 July 2018, Glencore plc commenced a share repurchase or buy-back programme of up to USD1 billion (the “Programme”) in the period to 31 December 2018. On 25 September 2018, Glencore plc further announced an increase in the size of the Programme by an additional amount of up to USD1 billion and the extension of the duration of the programme until the close of dealings on 20 February 2019.

[action] 21/12/2018 08:51

If market is expecting slowdown the first thing should go down is metal prices and miners. MM must be offloading and getting punters suck in.Be carefull. I am tempted to sell in rally .DYOR.