Glencore Share Discussion Threads

[the grumpy old men] 24/1/2019 20:09

i will await media confirmation before commenting

perhaps tomorrow bearing mind you are a unknown poster and this your first


sharpster999
Member since: 17 Jan 2019

only 1 post

[sharpster999] 24/1/2019 20:04

thoughts on this report?

hxxps://jimsimpson.wixsite.com/glencorekazakhstan

[waldron] 24/1/2019 16:55

Rio Tinto
3,765 +0.09%


Anglo American
1,792.4 -0.47%



Glencore
288.15 +0.52%



Gold COMEX 1,281.90 -0.16%
Silver COMEX 15.34 -0.29%
Copper COMEX 2.65 -0.23%
Brent Crude Oil NYMEX 61.17 +0.05%
Gasoline NYMEX 1.41 +0.39%
Natural Gas NYMEX 3.03 +3.70%


despite the ups and downs,we still end the day in the 280 to 310p BOX

[waldron] 24/1/2019 16:42

Old news but might still be of interest to some

[sarkasm] 24/1/2019 08:29

Is Glencore PLC a dirt-cheap FTSE 100 share?
Could Glencore PLC (LON:GLEN) (GLEN.L) offer share price growth potential?
January 24, 2019 Robert Stephens Glencore (LON:GLEN)




Glencore PLC
Glencore PLC

The performance of the Glencore PLC (LON:GLEN) (GLEN.L) share price over the last year has been hugely disappointing. It has dropped by 26% at a time when the wider resources sector has experienced a tough period.

This trend could continue in the near term in my view. The risks which have caused investors to adopt an increasingly downbeat attitude towards the industry could remain in place.

For instance, US interest rates are forecast to rise further during the course of 2019. This could reduce demand for a range of commodities, since a stronger dollar may result. The Chinese economy is now growing at its slowest pace since 1991. While not completely unexpected, it could nevertheless contribute to downbeat sentiment among investors towards resources shares.

Against this backdrop, I wouldn’t be surprised if the Glencore share price experiences further volatility in future. Since it is dependent on commodity prices for its sales and profitability, investors may retain a cautious stance on the company’s outlook.

Having fallen heavily in recent months, the company’s shares now trade on a price-to-earnings (P/E) ratio of around 7.5. This suggests to me that they could offer a large margin of safety at the moment. In fact, investors may already have priced in potential difficulties for the company.

With Glencore focusing on the raw materials for electric vehicles, I think it could enjoy a tailwind over the long run. I expect demand for electric vehicles to rise as their range increases and their affordability improves. Regulatory change may also mean that alternatives such as diesel cars become increasingly unappealing to consumers.

Alongside this, the company has also reduced debt levels in recent years. This could provide it with a firm foundation for future growth and may lead to an improving risk to reward ratio in the long run. As a result, I’m upbeat about the stock’s long-term outlook, but feel that it may experience a challenging period in the near term.

[sarkasm] 24/1/2019 08:12

Anglo American PLC (AAL.LN) on Thursday reported that total production on a copper equivalent basis rose 3% in the fourth quarter of 2018, with double-digit percentage growth in production of copper and rough diamonds.

The diversified mining company said that, excluding the negative effect of halted operations at its Minas Rio project, total production in the fourth quarter rose 7%.

Copper output rose 23% to 183,500 metric tons, due to continued strong operational performance and planned higher grades.

Rough diamond production from De Beers, Anglo American's majority-owned diamond producing subsidiary, rose 12% to 9.1 million carats, due to increased production at the Orapa mine, the company said.

Anglo American Platinum Ltd. (AMS.JO), another majority-owned subsidiary, said total platinum-group metal production--which includes platinum and palladium--rose 3% to 1.3 million ounces during the fourth quarter.

For the full year, De Beers' diamond production hit 35.2 million carats, at the lower end of the 2018 guidance range. For 2019, Anglo American forecasts diamond production of 31 million-33 million carats, saying lower production will be caused by exiting the Venetia open-pit mine.

Total copper production for the year rose 15% to 668,300 tons, Anglo American said. The miner forecast 2019 copper production in a range of 630,000-660,000 tons.

Anglo American Platinum said it expects total production of 4.2 million-4.5 million ounces in 2019. Lower guidance is due to a transition of Sibanye-Stillwater Ltd. (SBGL) material to a tolling arrangement in place of its concentrate purchased, the subsidiary said.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

January 24, 2019 02:38 ET (07:38 GMT)

[waldron] 23/1/2019 16:50

Rio Tinto
3,760 -2.22%


Anglo American
1,802.4 +0.36%


Glencore
286.85 -1.07%


Gold COMEX 1,283.70 +0.02%
Silver COMEX 15.35 +0.16%
Copper COMEX 2.66 +0.04%
Brent Crude Oil NYMEX 60.97 -0.86%
Gasoline NYMEX 1.40 -1.39%
Natural Gas NYMEX 3.09 +1.48%

Still snug in the 280 to 310p BOX

[montyhedge] 23/1/2019 09:48

Gives them 13.9m shares at 1.875, I wish we could get shares at that price lol.

[waldron] 22/1/2019 18:34

Rio Tinto
3,845.5 -2.18%


Anglo American
1,796 -1.05%


Glencore
289.95 -2.06%

Gold COMEX 1,283.30 +0.29%
Silver COMEX 15.33 +0.26%
Copper COMEX 2.66 -0.69%
Brent Crude Oil NYMEX 60.81 -3.14%
Gasoline NYMEX 1.41 -3.71%
Natural Gas NYMEX 3.07 -5.13%

[montyhedge] 22/1/2019 17:10

Only if I'm long, otherwise still bearish.

[waldron] 22/1/2019 14:55

FT

David Sheppard yesterday
Print this page

Greece has shortlisted two consortiums to bid for a 50.1 per cent stake in Hellenic Petroleum, one of the largest refiners and filling station operators in the country.

Glencore and the Carlyle Group will face off against Vitol and Sonatrach as qualified investors in the second phase of the tender process, Greece’s privatisation agency said on Monday, pitting two of the world’s biggest traders — both with powerful partners — against each other for the assets.

Hellenic Petroleum owns three out of four of the refineries in Greece as well as a plant in Macedonia, but the country has put a 50.1 per cent stake on the block as part of asset sales that were conditions under the country’s international bailouts during the eurozone crisis. The deal could fetch in excess of €1bn, based on the company’s current market capitalisation.

Vitol, the world’s largest independent oil trader, has partnered with Sonatrach — Algeria’s state-backed oil company for the bid. Glencore, a top-three oil trading house and miner has aligned with Carlyle Group, the US private equity firm.

Vitol and Glencore had already been shortlisted last summer.

[waldron] 22/1/2019 14:50

BHP Group, one of the world's largest mining companies, released its results for the financial quarter ended Dec. 31 late on Monday. In its report, the company maintained its production guidance for petroleum, iron ore and coal, but boosted its total copper production guidance. Here are some other remarks from the report.



On productivity:



"Productivity for the December 2018 half-year has been impacted by unplanned production outages at Olympic Dam, Spence and Western Australia Iron Ore, with a total negative impact of approximately $600 million."



On petroleum:



"Guidance for the 2019 financial year remains unchanged at between 113 and 118 million barrels, with volumes expected to be toward the upper end of the guidance range. Crude oil, condensate and natural gas liquids production declined by 5% to 29 million barrels due to natural field decline across the portfolio and a 70 day planned dry dock maintenance program at Pyrenees completed during the September 2018 quarter. This decline was partially offset by higher uptimes at our Gulf of Mexico assets. Natural gas production was broadly flat at 206 bcf, reflecting increased tax barrels at Trinidad and Tobago in accordance with the terms of our Production Sharing Contract."



On petroleum exploration:



"In the Western US Gulf of Mexico, the Ocean Bottom Node seismic acquisition is expected to be completed in the March 2019 quarter. This is the world's first deepwater exploration ocean bottom node seismic acquisition...BHP was successful in its bids to acquire a 100% interest in, and operatorship of, two exploration licenses for blocks 8 and 12 in the Orphan Basin, offshore Eastern Canada. BHP's aggregate bid amount of $625 million reflects the costs of the drilling and seismic work likely to be performed during the exploration phase, although there is no minimum work program under the licence agreements...Petroleum exploration expenditure for the December 2018 half-year was $316 million, of which $166 million was expensed. A $750 million exploration and appraisal program is being executed for the 2019 financial year."



On copper:



"Total copper production decreased by 1% to 825 kt. Guidance for the 2019 financial year has been increased to between 1,645 and 1,740 kt and reflects the retention of Cerro Colorado. Escondida copper production was broadly unchanged at 580 kt as higher concentrator throughput and improved recoveries offset the impact of expected lower copper grades. Production guidance remains unchanged at between 1,120 and 1,180 kt for the 2019 financial year."



On iron ore:



"Total iron-ore production increased by 2% to 119 Mt--135 Mt on a 100% basis. Guidance for the 2019 financial year remains unchanged at between 241 and 250 Mt, or between 273 and 283 Mt on a 100% basis."



On coal:



"Metallurgical coal production increased by 2% to 21 Mt. Guidance for the 2019 financial year remains unchanged at between 43 and 46 million tons, with volumes weighted to the second half of the year as expected. At Queensland Coal, increased production was supported by record production at South Walker Creek and higher wash-plant throughput at Poitrel following the purchase of the Red Mountain processing facility..Energy coal production decreased by 5% to 13 million tons. Guidance for the 2019 financial year remains unchanged at approximately 28 to 29 million tons. New South Wales Energy Coal production decreased by 4% as a result of a higher average strip ratio."



On ongoing projects:



"During the December 2018 quarter, the North West Shelf Greater Western Flank-B project achieved first production ahead of schedule and under budget. The North West Shelf Greater Western Flank-B project will not be reported in future Operational Reviews. At the end of December 2018, BHP had five major projects under development in petroleum, copper, iron ore and potash, with a combined budget of $10.6 billion over the life of the projects."



Write to David Hodari at [e-mail]



(END) Dow Jones Newswires

January 22, 2019 09:14 ET (14:14 GMT)

[ariane] 22/1/2019 14:28

you worry about worrying

but tomorrow thank goodness you will no doubt be jubilant

[montyhedge] 22/1/2019 14:20

That's worrying.

[ariane] 22/1/2019 14:15

How Many Glencore Plc (LON:GLEN)’s Analysts Are Bearish?
Posted by Louis Casey on January 22, 2019 at 12:47 pm

Glencore Plc (LON:GLEN) Logo

Glencore Plc (LON:GLEN) Ratings Coverage

Among 13 analysts covering Glencore PLC (LON:GLEN), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Glencore PLC had 45 analyst reports since July 31, 2018 according to SRatingsIntel. UBS maintained the shares of GLEN in report on Wednesday, August 1 with “Neutral”; rating. The rating was maintained by Credit Suisse with “Outperform221; on Wednesday, September 5. The firm has “Hold” rating given on Tuesday, January 15 by Liberum Capital. UBS maintained the shares of GLEN in report on Friday, October 5 with “Neutral”; rating. The stock has “Outperform221; rating by Credit Suisse on Monday, October 29. The rating was maintained by Barclays Capital on Tuesday, September 25 with “Overweight221;. UBS maintained Glencore Plc (LON:GLEN) on Wednesday, November 7 with “Neutral”; rating. Liberum Capital maintained Glencore Plc (LON:GLEN) on Tuesday, July 31 with “Sell” rating. Deutsche Bank maintained the shares of GLEN in report on Monday, November 5 with “Buy” rating. As per Tuesday, July 31, the company rating was maintained by RBC Capital Markets. Below is a list of Glencore Plc (LON:GLEN) latest ratings and price target changes.

18/01/2019 Broker: Goldman Sachs Rating: Buy Old Target: GBX 400.00 New Target: GBX 350.00 Maintain
15/01/2019 Broker: Liberum Capital Rating: Hold Old Target: GBX 300.00 Maintain
13/12/2018 Broker: UBS Rating: Neutral Old Target: GBX 360.00 Maintain
13/12/2018 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 360.00 Maintain
12/12/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 480.00 Maintain
10/12/2018 Broker: Citigroup Rating: Buy Old Target: GBX 400.00 New Target: GBX 360.00 Maintain
20/11/2018 Broker: Deutsche Bank Rating: Buy Old Target: GBX 450.00 Maintain
19/11/2018 Broker: JP Morgan Rating: Neutral Old Target: GBX 340.00 New Target: GBX 340.00 Maintain
19/11/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 400.00 Maintain
07/11/2018 Broker: UBS Rating: Neutral Old Target: GBX 360.00 Maintain

The stock decreased 1.23% or GBX 3.65 during the last trading session, reaching GBX 292.4. About 11.23 million shares traded. Glencore Plc (LON:GLEN) has 0.00% since January 22, 2018 and is . It has by 0.00% the S&P500.

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities worldwide. The company has market cap of 40.48 billion GBP. It operates in three divisions: Metals and Minerals, Energy Products, and Agricultural Products. It has a 6.96 P/E ratio. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

More recent Glencore Plc (LON:GLEN) news were published by: Mining.com which released: “Management shake-up at Glencore costs copper chief Mistakidis his job – MINING.com” on December 03, 2018. Also Ft.com published the news titled: “Glencore begins the changing of the old guard – Financial Times” on December 10, 2018. Mining.com‘s news article titled: “Glencore to double size of $1B share buyback program – MINING.com” with publication date: September 25, 2018 was also an interesting one.

[montyhedge] 22/1/2019 11:45

Cheers 20th Feb they stop.

[waldron] 22/1/2019 11:42

BUYBACKS COMING ALONG SLOWLY BUT SURELY

USD 1.81 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.

[montyhedge] 22/1/2019 11:40

Does anyone know the date when buybacks end, I think it is shortly?

[montyhedge] 22/1/2019 08:45

What a downgrade for Shell today 2180p target.

[waldron] 22/1/2019 06:40

SYDNEY--BHP Group Ltd. (BHP.AU) recorded weaker quarterly production of commodities including iron ore and petroleum and forecast a first-half productivity hit totaling US$600 million because of disruptions to operations that included a train derailment in a remote part of Australia.

The company also raised its full-year forecast for copper production after it called off the sale of its Cerro Colorado copper mine in Chile.

BHP, the world's biggest miner by market value, on Tuesday said it produced 58 million metric tons of iron ore in the three months through December, down 6% on the same period a year earlier.

In November, BHP was forced to derail a runaway train consisting of four locomotives and 268 loaded wagons that ran loose for more than 50 miles without a driver. The train rolled away after its operator disembarked to inspect one of the wagons and didn't secure a brake.

BHP temporarily suspended all of its rail operations in the Pilbara to investigate the incident and recover the rogue train.

The derailment helped to prop up iron-ore prices, which have been trading above analyst expectations as China continues to produce massive amounts of steel. China's steel-product output rose 8.5% last year.

BHP's Australian iron-ore shipments account for almost one-fifth of seaborne trade in the commodity. It is the world's third-largest iron-ore exporter, behind Vale SA (VALE) and Rio Tinto PLC (RIO.LN).

BHP said its productivity drive, aimed at working its mines and infrastructure network harder, had also been set back in the half by a plant outage at its Olympic Dam copper mine in Australia and a plant fire at its Spence mine in Chile.

BHP meantime raised its full-year copper production forecast to between 1.645 million tons and 1.740 million tons to reflect the retention of Cerro Colorado. It reported a 2% rise in second-quarter copper output, to 416,000 tons.

The company also recorded a sharp fall in quarterly petroleum production tied to lower gas sales. It said second-quarter output of petroleum products fell by 8% to 30 million barrels of oil equivalent.



Write to Rhiannon Hoyle at [e-mail]



(END) Dow Jones Newswires

January 21, 2019 17:19 ET (22:19 GMT)

[waldron] 21/1/2019 16:53

Rio Tinto
3,931 +0.15%


Anglo American
1,815 -0.34%


Glencore
296.05 -0.57%


Gold COMEX 1,279.90 -0.21%
Silver COMEX 15.31 -0.61%
Copper COMEX 2.68 -1.34%
Brent Crude Oil NYMEX 62.62 -0.13%
Gasoline NYMEX 1.46 -0.58%
Natural Gas NYMEX 3.31 -4.97%

[montyhedge] 21/1/2019 09:10

Be interesting to see how they hold up when buybacks finish couple of weeks time. Congo the problem for me the uncertainty.