Glencore Share Discussion Threads

[demo trader] 05/12/2019 13:39

SFO opened an investigation, bribery charges

[ariane] 05/12/2019 12:06

Rio Tinto PLC RIO UBS Neutral 4,100.00 4,250.00 Unchanged


Glencore PLC GLEN UBS Neutral 250.00 Unchanged

Anglo American PLC AAL UBS Sell 1,800.00 Unchanged

Glencore PLC GLEN Goldman Sachs Neutral 250.00 Unchanged

Glencore PLC GLEN HSBC Buy 280.00 Retains

[waldron] 04/12/2019 17:29

Iron Ore 88.27 USD 0.62(0.70%)
Gold COMEX 1,479.40 -0.34%
Silver COMEX 16.92 -1.90%
Platinum NYMEX 903.30 -0.91%
Copper COMEX 2.66 +1.41%
Brent Crude Oil NYMEX 63.32 +4.11%
Gasoline NYMEX 1.61 +3.19%
Natural Gas NYMEX 2.36 -2.00%
(WTI) 58.4 USD +3.53%


Rio Tinto
4,179.5 +0.12%

Bhp
1,689 +0.87%

Anglo American
2,048.5 +1.61%

Glencore
238.35 +1.15%

[florenceorbis] 04/12/2019 08:25

Deutsche Bank Buy 270.00 - Reiterates

[waldron] 03/12/2019 18:33

jasp

have you been on their site to read the special presentation today

For me, i need them to put to bed all the court cases,scandals,fines and penalties before investing more of my hard earned cash

i have put them in the 220 to 250p BOX until legal cases sorted

if you look at this link it might give you a good overview

you will see strong supports at 231 and 222p

[jasp3] 03/12/2019 18:22

What's your thoughts on this Waldron?Looks like a pretty unimpressive year end coming, no buy backs for next year (£2B) and a steady dividend...

[waldron] 03/12/2019 17:53

Glencore PLC (GLEN.LN) said Tuesday that it expects zinc and net oil equivalent production to be higher by 2022 while copper production is expected to modestly decline.

The Anglo-Swiss commodity trading and mining company said net oil equivalent production is set to reach a range of between 12.3 million barrels and 13.1 million barrels in 2022. This compares with a range of between 5.3 million and 5.7 million barrels for 2019.

Zinc production is also expected to rise in the period, with production peaking at around 1.4 million metric tons in 2021, and then falling to around 1.2 million tons in 2022, the company said. Production in 2019 is expected to be around 1.1 million tons.

For 2019, coal guidance was reduced by 5 million tons to between 138 million and 142 million tons, and the company expects largely flat production in 2022, offering a range of between 135 million and 145 million tons.

The company expects a modest copper-production decline over the outlook period, primarily reflecting the transition of Mutanda facility in Congo to care and maintenance in the fourth quarter. For 2019, Glencore guides for a production of around 1.4 million tons. This is expected to fall to around 1.3 million to 1.4 million tons in 2022.

Shares at 1353 GMT were down 3.5% at 236.25 pence.



Write to Adriano Marchese at [e-mail]



(END) Dow Jones Newswires

December 03, 2019 09:24 ET (14:24 GMT)

[waldron] 03/12/2019 17:22

Iron Ore 87.6USD -0.46(-0.52%)
Gold COMEX 1,485.70 +1.12%
Silver COMEX 17.24 +1.59%
Platinum NYMEX 912.20 +1.39%
Copper COMEX 2.63 -0.92%
Brent Crude Oil NYMEX 60.87 -0.08%
Gasoline NYMEX 1.57 -0.25%
Natural Gas NYMEX 2.42 +4.94%
(WTI) 55.99 USD -0.07%

Rio Tinto
4,174.5 -1.31%

Bhp
1,674.4 -2.58%

Anglo American
2,016 -1.30%

Glencore
235.65 -3.74%

[waldron] 02/12/2019 17:44

Iain Gilbert
Sharecast News
02 Dec, 2019 17:29
RBC upgrades Glencore and Rio Tinto
rio tinto

Analysts at RBC Capital Markets took a fresh look at miners Glencore and Rio Tinto on Monday, adjusting their target price and upgrading their recommendation on both firms's shares on the back of higher near-term iron ore price forecasts.
Rio Tinto
4,230.00
16:35:24 02/12/19
0.49%
28.50
Glencore
244.80
16:35:16 02/12/19
0.97%
0.90
FTSE 100
7,285.94
16:35:30 02/12/19
-0.82%
-60.59
FTSE 350
4,090.04
16:35:30 02/12/19
-0.78%
-31.97
FTSE All-Share
4,035.77
16:35:30 02/12/19
-0.76%
-30.96

With the higher price forecasts and sentiment around "resilient" iron ore likely to be "more positive", RBC thinks a neutral position on Rio Tinto was warranted in the coming months.

However, RBC noted that it still saw "considerable risks" to the

longer-term from lower iron ore prices in the second half of 2020 and a portfolio that depends too heavily upon Rio's high return on capital employed Pilbara projects to support share prices.

"We tactically upgrade to 'sector perform'," said RBC, which also raised its price target on the group from 3,700p to 3,900p.

As far as Glencore was concerned, RBC stated the group had underperformed the FTSE 350 mining index by roughly 36% since the end of 2017, when significant divergence started to show.

"Glencore's past two years have been beset by significant challenges including the Department of Justice investigations, a significant lowering of near-term expectations for its African copper assets, collapsing thermal coal and cobalt prices, and operational inertia elsewhere," said RBC.

However, the Canadian broker now calculates a 23% implied upside to its heavily discounted valuation and as such, moved its rating from 'sector perform' to 'outperform' but lowered its price target from 310p to 290p per share.

While RBC admitted that Glencore was "not for everyone", with the risk/reward scenario now improved the analysts said the firm "should not be forgotten" either.

[waldron] 02/12/2019 17:10

Iron Ore 88.11USD 3.43(3.89%)
Gold COMEX 1,469.60 -0.21%
Silver COMEX 17.02 -0.53%
Platinum NYMEX 902.50 +0.23%
Copper COMEX 2.66 -0.04%
Brent Crude Oil NYMEX 61.21 +1.19%
Gasoline NYMEX 1.59 +0.18%
Natural Gas NYMEX 2.30 +1.59%
(WTI) 56.07 USD +0.47%


Rio Tinto
4,230 +0.68%

Bhp
1,718.8 +0.51%

Anglo American
2,042.5 +0.79%

Glencore
244.8 +0.37%

[florenceorbis] 02/12/2019 10:00

3/12/19 | 15:00 Business Update Call

[florenceorbis] 02/12/2019 09:53

UK BROKER RATINGS SUMMARY: RBC Upgrades Rio Tinto And Glencore

Mon, 2nd Dec 2019 09:28
Alliance News

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:



FTSE 100



RBC RAISES RIO TINTO TO 'SECTOR PERFORM' ('UNDERPERFORM') - PRICE TARGET 3900 (3700) PENCE



RBC RAISES GLENCORE TO 'OUTPERFORM' ('SECTOR PERFORM') - TARGET 290 (310) PENCE



CREDIT SUISSE RAISES GLENCORE PRICE TARGET TO 310 (275) PENCE - 'OUTPERFORM'

[adrian j boris] 01/12/2019 19:50

Importing ‘black gold’
Switzerland’s dark business with Ukrainian coal
This content was published on December 1, 2019 3:42 PM Dec 1, 2019 - 15:42
A coalminer

A miner in the Lutugina coal mine near the city of Torez in the Donetsk region of Ukraine, August 2019
(Keystone)

Pro-Russian separatists are financing their war in Ukraine with coal deliveries to the West. Now the role of Swiss companies in Zug and Geneva is being investigated, according to a reportexternal link in the SonntagsZeitung.

Fontus AGexternal link describes itself on its website as a “reliable and responsible supplier of high-grade solid fuels”, selling “coal of Russian and Kazakh production”.

The Ukrainian judiciary sees things differently: it has named the Zug-based company in a criminal case concerning the illegal import of hard coal from the Donbass region in eastern Ukraine, which is occupied by pro-Russian separatists.

In addition to Fontus, the judiciary has named three other companies that are domiciled in Switzerland or whose owners are Swiss. They are not directly accused, but the Swiss are said to have helped Ukrainian companies export the “black gold” to Ukraine and EU countries, the SonntagsZeitung reported.

Other than Siberia, Donbass is the only region in Europe and Russia where anthracite is mined. Blast furnaces from Western European steelworks are fired with this high-quality type of hard coal, as are Ukrainian power stations. The benefactors are oligarchs and warlords in the occupied territories.
Denials

Importing this coal is legal in both the European Union and Switzerland. However, the EU and the US have imposed sanctions on companies and individuals who were involved in Russia’s annexation of the Crimea or who were associated with Ukrainian President Viktor Yanukovych, who was overthrown in 2014.

Switzerland’s measures would correspond to those of the EU, says a spokesman for the State Secretariat for Economic Affairs (SECO).

A Swiss representative of Fontus told the SonntagsZeitung “with certainty that the company does not trade in Donbass coal”.

In addition, in the Ukrainian court document the representative sees “no mention whatsoever of the fact that Fontus AG is involved in criminal proceedings”. However, he does not want to name the owners of the company.

Another firm registered at the same Zug address as Fontus is The Global Investment Partnership, whose board of directors lives in Luhansk, a centre of Donbass separatists.

The SonntagsZeitung adds that the company was founded in 2014, shortly after Luhansk had renounced Ukraine. But the company has nothing to do with the export of coal, says a Swiss representative.


Business vs politics
Ukraine conflict weighs on Swiss commodities sector

Switzerland finds itself between a rock and a hard place. Imposing sanctions on oligarchs in line with the United States and the European Union ...
By Matthew Allen and Igor Petrov

SonntagsZeitung/ts

[waldron] 29/11/2019 17:17

Iron Ore 84.68USD 0.26(0.31%)
Gold COMEX 1,470.40 +0.57%
Silver COMEX 17.08 +0.29%
Platinum NYMEX 899.10 +0.46%
Copper COMEX 2.66 -0.60%
Brent Crude Oil NYMEX 60.82 -3.92%
Gasoline NYMEX 1.61 -4.69%
Natural Gas NYMEX 2.34 -5.77%
I (WTI) 55.62 USD -4.22%


Rio Tinto
4,201.5 -1.60%

Bhp
1,710 -1.97%

Anglo American
2,026.5 -1.31%

Glencore
243.9 -1.61%

[grupo] 28/11/2019 08:54

UBS Neutral 240.00 - Unchanged

[florenceorbis] 26/11/2019 13:45

Upcoming events on GLENCORE

december/03/2019 | 02:00pm Business Update Call

[florenceorbis] 26/11/2019 13:42

I would not worry until all is confirmed

i feel it advisable to ignore might bes



dremel
25 Nov '19 - 23:11 - 1822 of 1823
0 0 0
Not a good time to hold, me thinks, what with the possibility of a Labour government on the horizon, and a promise of taxation on share holdings, even if you still hold them.

[dremel] 25/11/2019 23:11

Not a good time to hold, me thinks, what with the possibility of a Labour government on the horizon, and a promise of taxation on share holdings, even if you still hold them.