Glencore Share Discussion Threads

[action] 31/3/2020 14:50

Now what is your price target in light of deferred divi.

[plentymorefish] 31/3/2020 14:48

Yep, I knew that you knew....

[montyhedge] 31/3/2020 14:45

I knew they would knock dividend on the head.

[grupo] 31/3/2020 11:36

some banks provide a capital gain and dividend information format and year end detailed summary


might be worth just discussing with your banks


if you can that is,or once you are freed from house arrest you might discuss face to face

not too close though

[action] 31/3/2020 11:28

You can transfer Tax yearly transaction history from broker website in excell and sort it with share name and give it to him. I just put total buy and sell value with profit made in HMRC website.

[plat hunter] 31/3/2020 09:02

Get a new accountant

[oldvic] 31/3/2020 08:56

slightly of topic but

my accountant has asked me to find a brocker that includes in their reports suite the ability to
include a calculation of capital gain or loss on each share transaction
help !
any body

[waldron] 30/3/2020 17:55

Iron Ore 88.22-0.27(-0.31%)
Gold COMEX 1,641.40 -0.77%
Silver COMEX 14.20 -2.30%
Platinum NYMEX 727.70 -1.87%
Copper COMEX 2.16 -0.60%
Brent Crude Oil NYMEX 26.17 -6.37%
Gasoline NYMEX 0.59 -3.65%
Natural Gas NYMEX 1.67 -0.24%
WTI 20.268 USD -0.28%


FTSE 100
5,563.74 +0.97%
Dow Jones
22,139.06 +2.32%
CAC 40
4,378.51 +0.62%
SBF 120
3,424.75 +0.29%
Euro STOXX 50
2,765.62 +1.68%
DAX
9,815.97 +1.90%
Ftse Mib
16,872.41 +0.30%


Rio Tinto
3,674 +4.14%



Bhp
1,218.2 +2.58%



Anglo American
1,337.8 -1.05%



Glencore
119 -4.03%

[montyhedge] 30/3/2020 17:19

Twixy
AGM, they can't pass the dividend until they have it, can they? could be 3 - 6 months time.

[montyhedge] 30/3/2020 08:31

Yes dividend if they pay it will be delayed, in the meantime,I think below 100p coming.

[sr2day] 29/3/2020 20:54

with lock down in countries where Glencore operates,this will have an impact on revenue which needs to be quantified.Production and distribution bound to be affected.and together with a number of investigations awaiting decisions relating to Glencore the share price will suffer.i will not be surprised to see the share price below 100p in a few weeks time if not days.the div is tempting but be careful it could still be cancelled.

[twixy] 29/3/2020 20:39

I don't think it will ex-div in April, as the last RNS said a new distribution timetable will be announced in due course, when they know an AGM can go ahead

[action] 29/3/2020 09:43

Agree that a lot can happen in next three weeks . In this market even 24 hrs is long.

[sr2day] 28/3/2020 13:08

monty,still 155p before exdiv. we are three weeks away from exdiv.there may still be no final dividend.by the way i am here everyday,i do not pretend to go away and play golf.what a plonker.follow him at your peril.

[montyhedge] 28/3/2020 12:38

Dividend yield around 12%, shortly ex div.

[waldron] 27/3/2020 17:13

Iron Ore 88.49-0.11(-0.12%)
Gold COMEX 1,657.10 -0.19%
Silver COMEX 14.58 -0.69%
Platinum NYMEX 742.20 +0.69%
Copper COMEX 2.17 -0.30%
Brent Crude Oil NYMEX 27.58 -3.73%
Gasoline NYMEX 0.60 +1.15%
Natural Gas NYMEX 1.68 -0.83%
WTI 21.527 USD -6.68%


FTSE 100
5,510.33 -5.25%
Dow Jones
21,841.32 -3.15%
CAC 40
4,351.49 -4.23%
SBF 120
3,414.93 -4.22%
Euro STOXX 50
2,719.94 -3.88%
DAX
9,632.52 -3.68%
Ftse Mib
16,844.15 -3.02%



Rio Tinto
3,528 -5.92%



Bhp
1,187.6 -6.88%



Anglo American
1,352 -3.15%



Glencore
124 -6.16%

[action] 27/3/2020 10:44

Morgan Stanley overweight TP 240P.

[waldron] 26/3/2020 21:12

PLATTS


26 Mar 2020 | 17:48 UTC London

Glencore to halt output at Chadian oil fields, operations impacted by COVID-19

Author Eklavya Gupte Editor Jason Lindquist Commodity Oil, Petrochemicals

Highlights

Pandemic has caused disruptions to mobility, supply chains

Production will cease at Badila and Mangara fields

London — Mining and commodity trader Glencore said Thursday it will shut in production at its oil fields in Chad due to "the disruptions to international mobility, transportation and supply chains" caused by the COVID-19 pandemic.
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Glencore said its PetroChad (Mangara) Limited subsidiary has taken steps to commence ceasing production at its Badila and Mangara oil fields. These fields have recently been producing around 10,000-14,000 b/d, according to S&P Global Platts estimates.

"The facilities at the fields will be secured and remain on care and maintenance while [the company] monitors the situation," the company said in a statement. "The transition to care and maintenance is expected to complete towards the end of April."

Doba crude

Oil from these fields feeds into a crude called Doba Blend, which is Chad's main export grade.

Doba Blend is a heavy sweet crude, making it very popular among global refineries, as it is a fuel oil-rich crude with a very low-sulfur content.

Doba production has also risen over the year with production averaging around 150,000 b/d, compared with levels of around 80,000 b/d six years ago. Oil from landlocked Chad is pumped via the Kome-Kribi (Doba) pipeline to the coast of Cameroon, where it loads at a terminal around 10 km offshore.

Glencore also produces oil from the Krim fields (Chad West), but it did not specify its output plans for this asset.

The company also has stakes in oil fields in Cameroon and Equatorial Guinea. In addition, the trader is an active player in the West African crude market and a regular marketer of Doba crude from the Kribi terminal in Cameroon.

Under a crude supply financing deal, Glencore provided $379 million to the Chad State National Oil Co. (SHT) last year to be repaid through future oil deliveries over 10 years.

According to press reports citing unnamed sources in June, Glencore put its oil business up for sale to help support a share buyback program by selling non-core assets. The oil business was acquired five years ago.

Last year, Glencore said its exploration licenses in Chad East expired and the company failed to agree on a license extension with the government. As a result, Glencore took a $538 million impairment charge resulting from the expensing of historical cost allocations to licenses acquired via Caracal in 2014.

Glencore has always said that the expiry of the exploration licenses will have no impact on Glencore's current production and development assets in the Chad.

[waldron] 26/3/2020 17:22

Iron Ore 88.60-0.17(-0.19%)
Gold COMEX 1,653.50 +1.23%
Silver COMEX 14.76 -0.79%
Platinum NYMEX 736.40 -1.22%
Copper COMEX 2.18 -1.13%
Brent Crude Oil NYMEX 29.05 -3.13%
Gasoline NYMEX 0.64 +6.11%
Natural Gas NYMEX 1.70 -0.82%
WTI 23.231 USD -3.90%


FTSE 100
5,815.73 +2.24%
Dow Jones
22,324.32 +5.30%
CAC 40
4,543.58 +2.51%
SBF 120
3,565.47 +2.60%
Euro STOXX 50
2,847.78 +2.35%
DAX
10,000.96 +1.28%
Ftse Mib
17,338.23 +0.55%










Rio Tinto
3,750 -1.83%



Bhp
1,275.4 -3.09%


Anglo American
1,396 +0.40%



Glencore
132.14 -1.28%

[montyhedge] 26/3/2020 14:04

Love trading this stock, no stamp duty, buy the dips sells into rallies, the most simple strategy. Collect a nice dividend has well if you time it right.

[montyhedge] 26/3/2020 14:01

Lol, sr2day turns up every site on a risk off day, what a loser.

[montyhedge] 26/3/2020 08:59

Glencore traders with their hedging in commodities, smart cookies, I bet a lot of money been made, yield 11% for the income boys on this stock.