Glencore Share Discussion Threads

[waldron] 25/6/2020 16:53

Iron Ore 103.08-0.04(-0.04%)
Gold COMEX 1,769.80 -0.12%
Silver COMEX 17.81 +0.76%
Platinum NYMEX 799.10 -0.68%
Copper COMEX 2.63 -0.60%
Brent Crude Oil NYMEX 40.45 +0.35%
Gasoline NYMEX 1.18 -0.83%
Natural Gas NYMEX 1.52 -8.54%
WTI 38.03 USD +0.05%

FTSE 100
6,147.14 +0.38%
Dow Jones
25,352.64 -0.37%
CAC 40
4,918.58 +0.97%
SBF 120
3,868.26 +1.04%
Euro STOXX 50
3,231.73 +0.95%
DAX
12,177.87 +0.69%
Ftse Mib
19,306.78 +0.75%


Rio Tinto
4,530.5 +0.79%



Bhp
1,640.8 +1.13%



Anglo American
1,841.8 +0.75%



Glencore
167.58 +0.54%

[waldron] 24/6/2020 17:07

Iron Ore 103.12 +0.27(0.26%)
Gold COMEX 1,777.90 -0.33%
Silver COMEX 17.56 -2.78%
Platinum NYMEX 799.70 -5.52%
Copper COMEX 2.63 -1.00%
Brent Crude Oil NYMEX 39.70 -6.87%
Gasoline NYMEX 1.20 -7.29%
Natural Gas NYMEX 1.69 +0.06%
WTI 37.635 USD -6.21%

FTSE 100
6,123.69 -3.11%
Dow Jones
25,374.47 -2.99%
CAC 40
4,871.36 -2.92%
SBF 120
3,875.07 -1.73%
Euro STOXX 50
3,201.18 -3.07%
DAX
12,093.94 -3.43%
Ftse Mib
19,206.65 -3.20%



Rio Tinto
4,495 -2.30%



Bhp
1,622.4 -3.04%



Anglo American
1,828 -3.05%



Glencore
166.68 -3.23%

[waldron] 23/6/2020 17:20

Iron Ore102.80 -0.08(-0.08%)
Gold COMEX 1,782.20 +1.01%
Silver COMEX 18.03 +0.72%
Platinum NYMEX 844.20 +0.06%
Copper COMEX 2.65 -0.06%
Brent Crude Oil NYMEX 43.34 +0.60%
Gasoline NYMEX 1.31 +1.52%
Natural Gas NYMEX 1.71 -1.67%
WTI 40.85 USD -0.07%


FTSE 100
6,320.12 +1.21%
Dow Jones
26,236.19 +0.81%
CAC 40
5,017.68 +1.39%
SBF 120
3,943.43 +1.33%
Euro STOXX 50
3,298.83 +1.82%
DAX
12,523.76 +2.13%
Ftse Mib
19,877.71 +2.05%





Rio Tinto
4,601 +1.67%



Bhp
1,673.2 +2.71%



Anglo American
1,885.6 +2.82%



Glencore
172.24 +3.63%

[grupo] 23/6/2020 11:42

Morgan Stanley Overweight but marked down from 230.00 to 220.00 Reiterates

[grupo] 23/6/2020 10:07

MINING JORNAL



Legal challenges mount for Glencore
A criminal investigation by Switzerland’s Office of the Attorney General adds to Glencore’s list of legal challenges.
Legal challenges mount for Glencore

Operations at Glencore's Katanga copper mine in the DRC

Mine Risk Management > Politics

22 June 2020
comments
share

Staff reporter

Glencore announced after market on Friday it was being investigated in its home country for failing to have organisational measures in place to prevent alleged corruption in the Democratic Republic of Congo.

The Swiss investigation adds to those being carried out by the United States' Department of Justice and Commodities Futures Trading Commission investigation, as well as the UK's Serious Fraud Office.

Edward Sterck, an analyst at Canadian bank BMO, said the Swiss probe "does not really change Glencore's reputational risk profile, in our opinion, [it] just increases the potential fine in the event Glencore is found guilty".

However, Sterck said the additional financial risk was "relatively low" compared to fines handed out previously by the DOJ and SFO to other companies.

Tyler Broda, an analyst at RBC Capital, was of a similar view.

"We don't see this changing the outlook too much with legal issues already discounting the shares," said Broda.

Glencore shares were trading at just below 169p late morning on Monday, down 2% from Friday's closing price, capitalising the company at £22.46 billion. Both BMO and RBC Capital rate the company as "market perform", although RBC's gives a price target of 190p, above that of BMO's 180p.

[imastu pidgitaswell] 23/6/2020 08:29

Many thanks - seemed like a rare chance to get in, on a three week low. Bit of swing trading, bit of a hold, different tranches. No stamp duty, so why not?

[waldron] 22/6/2020 18:10

London shares of Glencore touched a three-week low after Switzerland opened a criminal probe against the miner over allegations it had failed to have measures in place to prevent corruption in the Democratic Republic of Congo.

[plat hunter] 22/6/2020 18:02

welcome and good luck Imastu

[imastu pidgitaswell] 22/6/2020 17:11

Many thanks - taken my first interest in this today.

[waldron] 22/6/2020 17:10

Iron Ore 102.93-0.11(-0.11%)
Gold COMEX 1,772.90 +1.14%
Silver COMEX 17.99 +0.77%
Platinum NYMEX 843.90 +2.01%
Copper COMEX 2.65 +1.42%
Brent Crude Oil NYMEX 42.60 +0.97%
Gasoline NYMEX 1.28 +0.95%
Natural Gas NYMEX 1.78 +2.00%
WTI 40.26 USD +1.13%

FTSE 100
6,244.62 -0.76%
Dow Jones
25,875 +0.01%
CAC 40
4,948.7 -0.62%
SBF 120
3,891.71 -0.68%
Euro STOXX 50
3,239.83 -1.00%
DAX
12,262.97 -0.55%
Ftse Mib
19,484.01 -0.69%



Rio Tinto
4,525.5 +1.31%


Bhp
1,629 +0.98%



Anglo American
1,833.8 +0.15%



Glencore
166.2 -3.36%

[maywillow] 22/6/2020 08:51

GLENCORE PLC (GLEN)

Real-time Estimate Quote. Real-time Estimate CHI-X - 06/22 08:49:00 am

168.16 GBX -2.22%

[maywillow] 22/6/2020 08:38

Glencore Plc tumbled 5.4% after saying late on Friday the Office of the Attorney General of Switzerland had opened a criminal investigation into the commodity miner for failure to have measures in place to prevent alleged corruption in the Democratic Republic of Congo.

(Reporting by Shashank Nayar and Sagarika Jaisinghani in Bengaluru; editing by Uttaresh.V)

[waldron] 20/6/2020 06:51

Swiss Attorney General Opens Criminal Investigation Into Glencore
Date : 19/06/2020 @ 23:50
Source : Dow Jones News

Swiss Attorney General Opens Criminal Investigation Into Glencore
Print
Alert

By Stephen Nakrosis

Glencore PLC on Friday said it was informed by the Office of the Attorney General of Switzerland that a criminal investigation has been opened against the company.

According to the mining and commodities-trading giant, the Attorney General's office said it "opened a criminal investigation into Glencore International AG for failure to have the organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo currently under investigation by the OAG."

Glencore said it would cooperate with the investigation.

In December, The Wall Street Journal reported the U.K.'s Serious Fraud Office was " investigating suspicions of bribery 'in the conduct of business by the Glencore group of companies, its officials, employees, agents and associated persons.'"

In July 2018, The Wall Street Journal reported Glencore said it had "received a subpoena from U.S. authorities related to compliance with American corruption and money-laundering laws at its operations in Congo, Nigeria and Venezuela."

Write to Stephen Nakrosis at Stephen. Nakrosis @wsj.com



(END) Dow Jones Newswires

June 19, 2020 17:35 ET (21:35 GMT)

[waldron] 19/6/2020 18:16

As many of us have been apparently hurt by the virus and the pending court cases affecting GLENCORE, i will start a WISH LIST




Will commence to view Glencore by way of supports,resistences and BOXES

100 to 130p
130 to 160p
160 to 190p$$$$$$$$$$$$$WE ARE HERE$$$$$$$$$$$$$$$$$$$$$$$$
190 to 220p
220 to 250p
250 to 280p
280 to 310p
310 to 340p

RESISTENCE AT 181.70p
Support 154.70p



Current share price 171.98p

[waldron] 19/6/2020 17:27

Iron Ore 103.04 -0.01(-0.01%)
Gold COMEX 1,754.90 +1.45%
Silver COMEX 17.95 +2.50%
Platinum NYMEX 838.00 +3.04%
Copper COMEX 2.62 +1.28%
Brent Crude Oil NYMEX 42.19 +1.64%
Gasoline NYMEX 1.27 +0.92%
Natural Gas NYMEX 1.76 +1.68%
WTI 39.448 USD +0.73%

FTSE 100
6,292.6 +1.10%
Dow Jones
26,184.96 +0.40%
CAC 40
4,979.45 +0.42%
SBF 120
3,918.24 +0.25%
Euro STOXX 50
3,269.1 +0.57%
DAX
12,330.76 +0.40%
Ftse Mib
19,636.78 +0.78%



Rio Tinto
4,467 -0.84%




Bhp
1,613.2 -0.53%



Anglo American
1,831 +1.90%



Glencore
171.98 +0.36%

[sarkasm] 19/6/2020 11:48

GLEN Jefferies International Hold up to 150.00 to 180.00 Reiterates

[la forge] 19/6/2020 08:16

The Glencore share price is up 51% since the market crash. I think it’s a bargain buy.

Matthew Dumigan | Friday, 19th June, 2020 | More on: GLEN
View of a gold mine from above
Image source: Getty Images.

The 2020 stock market crash presented an ideal buying opportunity for investors looking to pick up a bargain or two. In the depths of the sell-off, the FTSE 100 index lost 32% of its value. On top of this, many quality UK shares were trading far below average historic valuations. That still remains the case for numerous companies listed in the index today and one that I think may have been largely overlooked is Glencore (LSE: GLEN).
The Glencore share price

The commodity trading and mining company saw its share price tumble by 52% in the depths of the market crash. Since then though, the shares have recovered much of their value. That said, it’s worth noting that the company’s valuation is still down by around 26%. Right off the bat, the shares appear to offer a wide safety margin. What’s more, they don’t appear overvalued relative to other miners in the index, with a forward P/E of 13.5.

Since flotation on the London Stock Exchange in May 2011, the Glencore share price has had a bumpy ride. To illustrate, those who bought shares on day one would have lost 85% of their initial investment when the company’s valuation hit rock bottom on 15 January 2016. However, if you’d invested around that time, you’d currently be sitting on approximately 130% gains.
Stable position

In late April, Glencore released its first-quarter 2020 production update. The company reassuringly announced that most of its operations had not seen any material impact from the pandemic. However, government restrictions in Canada, South Africa, Colombia and Peru have caused some disruption.

In the report, Glencore also highlighted the opportunities that have arisen for its marketing business as a result of the volatile and complex commodity trading environment. Success here has enabled the company to generate annualised earnings in line with its long-term guidance range.
Positive future outlook

Things look good moving forward too. At the beginning of the week, news surfaced of a deal struck between Tesla and Glencore for batteries. The agreement stipulates that the electric car manufacturing company will buy cobalt from the FTSE 100 miner for use in its new car plants. With Glencore being the largest industrial supplier of cobalt in the world, I think the long-term partnership could prove a catalyst for further growth in the company.

Moreover, as the global economy recovers, I expect activity in the resources sector to swiftly return to pre-pandemic levels. If so, investor sentiment towards mining stocks is likely to improve, causing share prices to rise. In fact, analysts at Deutsche Bank have already hiked their price targets for numerous miners on the back of strong demand in China.

Overall, given the company’s strong liquidity position and resilient business model, I think Glencore is more than capable of navigating the current challenges facing the sector. As such, now could be an ideal time to buy the shares at a reduced valuation and hold them for the long term.

Motley Fool UK

[dremel] 18/6/2020 22:09

So, Glen is going to supply Cobalt to Tesla, but Tesla are moving to producing batteries with out any Cobalt, am I missing something here ?.