Glencore Share Discussion Threads

[la forge] 04/2/2020 12:21

gxgxx
4 Feb '20 - 11:05 - 2010 of 2010
0 0 0
Production 2019 Full pdf version:

[gxgxx] 04/2/2020 11:05

Production 2019 Full pdf version:

hxxps://www.glencore.com/dam/jcr:73ac9a15-0400-4b6a-a440-285ab245dece/GLEN_2019-Q4_ProductionReport.pdf

[gxgxx] 04/2/2020 11:02

2019 Full year report

[waldron] 04/2/2020 10:29

DMF
3 Feb '20 - 22:24 - 2005 of 2007
0 1 0
Production report 12 months ending 31.12.19 released 4 Feb

[dmf] 03/2/2020 22:24

Production report 12 months ending 31.12.19 released 4 Feb

hxxps://www.glencore.com/investors/shareholder-centre/corporate-calendar

[waldron] 03/2/2020 17:11

Iron Ore 78.33USD -14.11(-18.01%)
Gold COMEX 1,583.30 -0.29%
Silver COMEX 17.66 -1.95%
Platinum NYMEX 970.00 +0.84%
Copper COMEX 2.50 -0.75%
Brent Crude Oil NYMEX 54.57 -3.62%
Gasoline NYMEX 1.63 -2.08%
Natural Gas NYMEX 1.86 -1.22%
WTI 50.01 USD -2.00%

Rio Tinto
4,083.5 -0.01%

Bhp
1,656 -0.23%

Anglo American
1,992.4 +0.34%

Glencore
221.6 -0.40%

[la forge] 03/2/2020 12:41

not by much

peanuts in fact

[kendonagasaki] 03/2/2020 12:38

BlackRock selling down!

[sarkasm] 01/2/2020 11:32

Look past the negativity – there’s one very good reason why I like Glencore shares at the moment

Michael Baxter | Thursday, 30th January, 2020 | More on: GLEN
Diggers and trucks in a coal mine
Image source: Getty Images.

Glencore (LSE: GLEN) shares have fallen by 28% since last April. There are good reasons for the fall.

At the top of the list is the news that broke at the end of last year of an investigation by the Serious Fraud Office into allegations of bribery at the company. In addition, there have been nagging doubts about debts at the company for some time, although it has reduced them significantly over the last year. Its debt ratio is now 48%, which is not horrendous.

Another fear relates to the fall in annual profits in 2018, down by around a third from the year before. In the latest half-year period, profits fell precipitously from £2.8bn to £226m.

On the other hand, Glencore is a big dividend payer and offers diversification across the mining sector.
Cobalt and lithium ion batteries

Let me now turn to the reason I like Glencore. It’s very simple: cobalt.

Glencore is the biggest miner of cobalt in the world. That is significant because cobalt is a key component in lithium ion batteries.

The economics of electric cars is becoming more compelling. The cost of lithium ion batteries, the big cost component in electric cars, fell from almost $1.200 a kilowatt hour in 2010 to less than $200 in 2018. As the lifetime cost of lithium ion batteries falls and the longevity of the batteries increases, their carbon foot print reduces.

More to the point, we are very close to a tipping point when the life-time cost of an electric car including running costs, is less than the lifetime cost of an internal combustion engine car. Once that tipping point is crossed, lithium ion batteries will continue to get cheaper and I believe that demand for electric cars will explode.

With that rapid increase in demand for electric cars, demand for cobalt will grow proportionately. Glencore will be a big winner from this.

With the current Glencore share price at its lowest level since the autumn of 2006, I think its position in the cobalt market makes this company’s share price attractive. In my opinion, the bad news about the company is priced in, but the good news is not.
A concern, not a deterrent

I do have one nagging concern about Glencore’s longer-term prospects. Elon Musk, the boss of Tesla, which is leading the electric car revolution, has said he wants to eliminate cobalt from Tesla lithium ion batteries.

At the moment, this is just an aspiration. In any case, the rush of other car companies into the electric car market, who are not so keen to remove cobalt from batteries, means that for the next two or three years demand for the metal will grow very fast. Look further ahead to the midpoint of this decade, however, and cobalt demand may have peaked and be in decline.

Glencore has got several years to prepare and I believe that whatever the future components of energy storage technology may be, mining will be crucial.
A top income share with a juicy 5% forecast dividend yield

Income-seeking investors like you won’t want to miss out on this timely opportunity…

Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this out-of-favour business that’s throwing off gobs of cash!

But here’s the really exciting part…

Our analyst is predicting there’s potential for this company’s market value to soar by at least 50% over the next few years...

He even anticipates that the dividend could grow nicely too — as this much-loved household brand continues to rapidly expand its online business — and reinvent itself for the digital age.

With shares still changing hands at what he believes is an undemanding valuation, now could be the ideal time for patient, income-seeking investors to start building a long-term holding.

Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Income Share… free of charge!

Michael Baxter has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

[waldron] 31/1/2020 17:52

Iron Ore 92.44USD -0.46(-0.50%)
Gold COMEX 1,587.60 -0.10%
Silver COMEX 18.03 +0.18%
Platinum NYMEX 961.10 -1.98%
Copper COMEX 2.52 +0.02%
Brent Crude Oil NYMEX 56.46 -1.52%
Gasoline NYMEX 1.51 +0.03%
Natural Gas NYMEX 1.85 +0.93%
WTI 51.39 USD -2.76%

Rio Tinto
4,084 -1.98%

Bhp
1,659.8 -1.86%

Anglo American
1,985.6 -2.24%

Glencore
222.5 -1.72%


still in the 220 to 259p BOX despite the turmoil

[waldron] 31/1/2020 17:18

Price (GBX) 222.50 Var % (+/-) -1.72% (Down -3.90)
High 228.00 Low 221.25
Volume 28,833,834 Last close 222.50 on 31-Jan-2020
Bid 222.10 Offer 222.25
Trading status Post-Close Special conditions NONE

[waldron] 30/1/2020 17:06

Iron Ore 92.90USD -0.44(-0.47%)
Gold COMEX 1,585.70 +0.62%
Silver COMEX 17.99 +2.85%
Platinum NYMEX 977.60 +0.24%
Copper COMEX 2.53 -0.76%
Brent Crude Oil NYMEX 57.38 -2.60%
Gasoline NYMEX 1.50 -2.41%
Natural Gas NYMEX 1.82 -2.41%
WTI 52.18 USD -1.75%


Rio Tinto
4,166.5 -1.75%

Bhp
1,691.2 -1.73%

Anglo American
2,031 -0.81%

Glencore
226.4 -1.07%

[waldron] 28/1/2020 18:07

Iron Ore 91.61USD -2.40(-2.62%)
Gold COMEX 1,569.40 -0.51%
Silver COMEX 17.48 -3.22%
Platinum NYMEX 994.00 +0.23%
Copper COMEX 2.58 -0.58%
Brent Crude Oil NYMEX 59.01 +0.73%
Gasoline NYMEX 1.52 +1.53%
Natural Gas NYMEX 1.91 +1.86%
WTI 53.43 USD +0.89%


Rio Tinto
4,250 +0.81%

Bhp
1,723.4 +1.15%

Anglo American
2,052.5 +0.98%

Glencore
227.6 +2.80%

[waldron] 28/1/2020 14:51

Date Event Event Alert

04/02/2020 Glencore Production Report for the 12 months ended 31 December 2019

18/02/2020 Glencore Preliminary Annual Results 2019

[waldron] 28/1/2020 14:49

me too

certainly none recently

might get more information in february




DMF
28 Jan '20 - 14:46 - 1992 of 1992
0 0 0
Thought the 'buy back' programme had ended !

[dmf] 28/1/2020 14:46

Thought the 'buy back' programme had ended !

[a2584728] 28/1/2020 07:55

So undervalued. Huge resources. Big buy backs higher than here and no chance of complete failure. It really should be double the SP

[waldron] 27/1/2020 17:09

Iron Ore 94.01USD -0.34(-0.36%)
Gold COMEX 1,581.70 +0.62%
Silver COMEX 18.20 +0.45%
Platinum NYMEX 995.80 -1.46%
Copper COMEX 2.60 -3.09%
Brent Crude Oil NYMEX 58.11 -2.97%
Gasoline NYMEX 1.47 -3.97%
Natural Gas NYMEX 1.90 +1.76%
WTI 52.52 USD -0.21%

Rio Tinto
4,216 -5.01%

Bhp
1,703.8 -4.23%

Anglo American
2,032.5 -4.67%

Glencore
221.4 -3.97%

[sarkasm] 27/1/2020 15:43

Still bouncing along the 220p support

[sarkasm] 27/1/2020 15:42

Price (GBX) 221.10 Var % (+/-) -4.10% (Down -9.45)
High 223.90 Low 219.50
Volume 23,990,376 Last close 230.55 on 24-Jan-2020
Bid 221.10 Offer 221.20
Trading status Regular Trading Special conditions NONE