Glencore Share Discussion Threads

[plat hunter] 12/11/2020 10:17

Topping out?Looks like 170 is my new 160

[sarkasm] 10/11/2020 08:05

Investomania


Will the HSBC, Glencore and Centrica share prices make gains after their declines?

Could HSBC Holdings plc (LON:HSBA) (HSBA.L), Glencore PLC (LON:GLEN) (GLEN.L) and Centrica PLC (LON:CNA) (CNA.L) post improving share price performances?


November 10, 2020 Robert Stephens,
The HSBC Holdings plc (LON:HSBA) (HSBA.L), Glencore PLC (LON:GLEN) (GLEN.L) and Centrica PLC (LON:CNA) (CNA.L) share prices have experienced difficult periods this year. Could they produce improving performances in the long run?

In my opinion, the HSBC share price has long-term turnaround potential. I think the company is making the right moves in terms of seeking to reduce costs at a time when it is experiencing an exceptional set of trading conditions.

Sure, low interest rates and a difficult economic outlook in many of its main markets may weigh on its near-term share price prospects. However, I think that its 37% share price fall since the start of the year suggests that investors have accounted for this to some extent.

I also believe that HSBC’s exposure to Asia may be of benefit to it in future. It could experience a higher rate of growth than its UK and European focused sector peers. This may improve its capacity to recover from recent declines in its valuation.

I’m also upbeat about the long-term outlook for the Glencore share price. To my mind, the company has delivered a sound operational performance during unexpectedly difficult conditions in 2020. Most of its assets have continued to operate in spite of lockdowns being present in many regions this year.

In the short run, investor sentiment could continue to be weak because of a difficult global economic outlook. This may reduce demand for commodity-related companies such as Glencore that are more reliant on the global economic outlook than some of their FTSE 100 peers.

However, the company’s decision to postpone dividend payments, the capacity of its marketing division to provide growth in a variety of market settings and its strategy to embrace a low-carbon global economy mean that I’m optimistic about its potential to reverse share price declines experienced in 2020. Volatility may continue to be high, but I feel that it can produce relatively sound returns in the long run from its current price level.

The Centrica share price has disappointed for a number of years. To my mind, the company has struggled to deliver on its revised strategy. This may have contributed to weakening investor sentiment that has caused the company to underperform the FTSE 100 by 80% over the past five years.

The FTSE 100’s decline this year means that I believe there are a number of stocks that offer good value for money at the moment on a long-term basis. Therefore, for me, the Centrica share price does not have a large amount of appeal just now. I would rather wait for the business to start delivering more resilient operational and financial performance before becoming more bullish about its long-term prospects.

Disclosure: the author has no position in any stocks mentioned.

[waldron] 09/11/2020 15:37

Climate change

Swiss investors still leaning heavily on fossil fuels

Despite concerns about global warning, coal is still being mined and burned all over the world.

The Swiss financial market invests too much in oil and coal production, according to a review of nearly 200 financial institutions.
This content was published on November 9, 2020 - 13:00 November 9, 2020 - 13:00
Keystone/SDA, sm

Some 80% of the banks and asset management firms surveyed by the report have coal mining companies in their investment portfolios.

“On average, the Swiss financial centre thus supports additional expansion of international coal and oil production,” announced the Federal Office for the Environment (FOEN) on Monday. This contradicts the national climate goals, it said.



This content was published on Jul 3, 2020 Jul 3, 2020 Switzerland’s emissions have declined over the last 30 years, but not enough to meet the national targets set for 2020. What’s behind the gap?

Today the Swiss financial centre invests four times more in companies that generate electricity from fossil sources such as coal and gas than it does in producers of renewable electricity. Aside from the climate-related concerns, the FOEN pointed out the potential financial risks for those investing in fossil fuels – which could become less attractive due to future climate policy measures.

The FOEN also noted that more than half the institutions claiming to exclude coal from their investments still hold shares and bonds in companies that mine coal or produce coal-based electricity.

The conclusions come from a voluntary review initiated by the FOEN in cooperation with the State Secretariat for International Financial Matters (SIF). The climate compatibility test, based on the international PACTA method (Paris Agreement Capital Transition Assessment), covered the entire Swiss financial market for the first time. The last test in 2017 was only open to pension funds and insurance companies.

Swiss CO2 emissions: Small country, big footprint

The much-lauded Swiss quality of life has a dark side - namely levels of consumerism and convenience that jack up the national carbon footprint.

The aim of the test is to create transparency and to support the efforts of financial institutions to steer their investments into climate-friendly paths, the FOEN wrote in its press release. The results showed some initial progress, but not enough for the Swiss financial centre to play a leading role in the area of sustainable financial flows.

This content was published on Oct 30, 2020 Oct 30, 2020 “We see a Swiss financial industry that finances, at the moment, a climate warming of four to six degrees Celsius,” says WWF director Elgin Brunner.
Climate-friendly renovations

Pension funds, which have many real estate holdings in their portfolios, could make an important contribution to climate targets if they implement planned building renovations, the report found.

Such funds are currently planning to convert 30% of their buildings from fossil to renewable heating systems, which could have a major influence on the direct reduction of emissions.

The other financial sectors, on the other hand, would only consider this for 1-2% of their properties, the report wrote.
Methodology

The Pacta (Paris Agreement Capital Transition Assessment) climate impact test is based on a standardized analysis of global equities, corporate bonds and credit portfolios. The test was developed by the international and non-profit think tank 2°Investing Initiative.

In the test, the production plans of the companies in the portfolios are compared with the development required by the International Energy Agency (IEA) to limit the maximum warming to 1.5° Celsius.



[e-mail].

[plat hunter] 09/11/2020 14:45

Yeah gutted about my profit banked inside 4 days

[topazfrenzy] 09/11/2020 14:05

Plat the Prat GETTING IT WRONG AGAIN

ha ha ha ha ha

[plat hunter] 09/11/2020 13:27

Not so for me... started well but given most of it back now lol

[imastu pidgitaswell] 09/11/2020 12:18

Yes, but plenty else going through the roof...

:-)

[plat hunter] 09/11/2020 12:11

Too early too it seems Stu

[plat hunter] 09/11/2020 09:35

Had the time to sit and watch it this morning though which I don't normally do.

[imastu pidgitaswell] 09/11/2020 09:24

And much better done than me.

Although I have been enjoying TW. today...

:-)

[plat hunter] 09/11/2020 09:20

Joined you back on the sidelines now Stu..Cashed out

[sarkasm] 09/11/2020 08:37

Scottish Widows Plans GBP440 Million Divestment In Green Push

Mon, 9th Nov 2020 07:28
Alliance News

(Alliance News) - Pension manager Scottish Widows Ltd is set to sell nearly half a billion pounds worth of shares in companies with questionable policies on climate change and weapons markers.

The investment manager, part of Lloyds Banking Group PLC, is responsible for the pensions of nearly six million people. It said that it plans to sell off GBP440 million from companies that do not live up to its environment, social and governance standards.

It warned that this figure could rise "much further" unless companies improve their practices.

Companies being sold will be those that get more than 10% of revenue from thermal coal and tar sands, a damaging way of extracting oil. It will also divest from manufacturers of "controversial" weapons and those that violate the UN Global Compact on human rights, labour environment and corruption.

"As a large institutional investor, we have a vital role to play in shielding our customers from ESG investment risks, as well as influencing positive change through the investments we hold," said Maria Nazarova-Doyle, Scottish Widows's head of pension investments.

"Our exclusions focus on companies we believe pose the most severe investment risk due to the nature of their businesses, which can't be addressed through engagement."

Companies have been responding to investor pressure in recent years, taking into account more of the biggest pension savers' concerns.

After pressure from shareholders, both Shell Dutch Shell PLC and BP PLC have said they hope to reach net zero emissions by 2050.

Nazarova-Doyle said: "The growth of these 'at risk' companies is likely to be severely limited by future regulations and the changing views of customers and investors, leading to significant falls in their share prices."

By August Graham, PA City Reporter

source: PA

[plat hunter] 09/11/2020 08:10

Whoop whoop come on 180

[plat hunter] 06/11/2020 22:10

No such thing as a bad profit. I'm waiting to see if we can fill the gap at 180.60.But will equally be out on the first sign of resistance, as on a decent profit from 156 at the star of the week.

[waldron] 06/11/2020 17:26

Gold COMEX 1,955.10 +0.21%
Silver COMEX 25.67 +0.79%
Platinum NYMEX 896.20 -0.43%
Copper COMEX 3.15 +1.33%
Brent Crude Oil NYMEX 39.55 -2.85%
Gasoline NYMEX 1.08 -2.63%
Natural Gas NYMEX 3.07 -0.45%
(WTI) 37.235 USD -3.07%

FTSE 100
5,910.02 +0.07%
Dow Jones
28,388.37 -0.01%
CAC 40
4,960.88 -0.46%
SBF 120
3,921.18 -0.49%
Euro STOXX 50
3,204.05 -0.30%
DAX
12,480.02 -0.70%
Ftse Mib
19,688.07 -0.22%



Rio Tinto
4,622 +2.88%

Bhp
1,585 +1.92%

Anglo American
1,912 +2.76%

Glencore
170 +3.57%

[imastu pidgitaswell] 06/11/2020 15:46

Yes, as always, my timing is terrible.

But mustn't grumble - it's a few hundred quid I didn't wake up with and more than it would have been without the cheeky little out and back in this morning.

[plat hunter] 06/11/2020 15:33

Nice I'm still running mine atm...

[imastu pidgitaswell] 06/11/2020 15:23

And out - top of the trendline, 200 day ma, it's Friday, just taking the money and running.

Expect to be back in next week.

Still love this share.


(This company needs better shareholders than me... 😎)

[sarkasm] 06/11/2020 10:38

/2119741/




Commercial mining: Maiden coal auctions draw good response

By: FE Bureau | November 3, 2020 5:30 AM

Of course, the absence of global mining giants such as BHP Billiton, Rio Tinto and Glencore was conspicuous, but analyst noted this is seemingly because these companies are gradually withdrawing from the coal industry.

These assets are unexplored ones, and the investors will enjoy certainty of tenure from the prospecting to the production stages.

Boosting the prospects of a sharp acceleration in India’s coal production and near elimination of the need for thermal coal imports in the medium term, the maiden auction under the commercial coal mining policy saw aggressive bidding by domestic and home grown firms on Monday. While five commercial coal blocks went under the hammer, the winning bidders offered to pay handsome amounts to the respective state governments as revenue share, up to 31% in two cases.

The largest mine offered — Radhikapur West in Odisha — was won by Vedanta, which agreed to a revenue share of 21%, while Aditya Birla Group’s Hindalco Industries bagged the Chakla blocks in Jharkhand, the second largest among the auctioned block by quoting a 14.25% revenue share.




This would also be the first set of coal assets to be auctioned off through the new market-determined revenue share model that replaced the fixed fee/tonne regime that turned off private investors. These assets are unexplored ones, and the investors will enjoy certainty of tenure from the prospecting to the production stages.

The smaller blocks witnessed more intense bidding, with Yazdani International quoting the highest bid of a 30.75% revenue share for the Marki Mangli 2 mine in Maharashtra. For the Takli Jena Bellora block in Maharashtra, Arurobindo Realty quoted a 30.75% revenue share. JMS Mining’s bid of a 10.5% revenue share was the highest quote received for the Urtan block in Madhya Pradesh.

As many as 19 blocks will be auctioned in this batch of auctions, scheduled to end on November 9.

Other bidders who participated in Monday’s auction but did not win any coal block include Adani Enterprises, Jindal Steel and Power and Sunflag Iron and Steel Company. The government on June 18 had launched the maiden auction for commercial coal blocks, where the requirement of prior experience for prospective bidders had been done away with to attract investors.

The Centre initially estimated commercial coal mining to contribute about Rs 20,000 crore annually to states as revenue and potentially save Rs 30,000 crore per annum by substituting thermal coal imports. However, the actual benefits seem to be much lower as the estimates were based on output from 41 mines with an annual peak production capacity of about 225 million tonne (MT).

While three of the blocks were removed from the list following the objections from Maharashtra and Chhattisgarh state governments, the Union coal ministry had received bids for only 23 coal mines out of the 38 blocks offered. Four mines received only one bid each, rendering them unqualified to be put up for auctions.

Credit Suisse wrote: “We highlight that at a peak rated capacity of 51 mtpa (26% of the total 197 MT which were put up for auction), these (19 blocks) comprise only 5% of India’s coal demand.” The agency also noted that these mines would need to take various clearances (environmental, forest and land acquisition) before they start operations. “Our base case is that it would take new owners 4-5 years to start production, unless the government fast-tracks clearances.”

Analysts at CARE Ratings had earlier noted that “subdued economic activity and liquidity constraints may result in lower interest among the private players to invest in commercial mining rights”. It also noted that stricter environmental norms are being adopted world over and with that many companies are increasingly moving towards greener and cleaner fuels. “This may therefore fail to entice participation from foreign companies,” it added.

[sarkasm] 06/11/2020 10:22

WELCOME BACK






Extension of Agreements with Glencore Canada
In January 2017 and March 2018, the Fund entered into agreements pursuant to which Glencore Canada, as principal, will supply the Fund with all of its zinc concentrate requirements and purchase all of the Fund’s metal for the twelve-month period ended April 30, 2018 and the four-year period ending April 30, 2022, which aligns with the end of the current term of the SPA.

Today, the Fund extended its exclusive agreements with Glencore Canada for the purchase of zinc concentrate and the sale of zinc metal for an additional period of three years through to April 30, 2025. In addition, the SPA has been amended so that its current term will end on April 30, 2025, and it will renew automatically for five-year terms thereafter, unless Glencore Canada provides a written non-renewal notice at least 540 days prior to the renewal date, an increase from the 180 days required by the original agreement. Corresponding amendments have been made to the Operating and Management Agreement, the Management Services Agreement and the Administration Agreement. In the event that Glencore Canada provides a written non-renewal notice, Glencore Canada is to use reasonable commercial efforts to assist the Fund in putting into place such arrangements as may be reasonably required by the Fund to secure zinc concentrate and market the zinc metal it produces, following the expiry of the SPA.

The extension and amendments have been unanimously approved by the independent trustees of Noranda Operating Trust, after consultation with their independent industry consultants and legal advisors.

[imastu pidgitaswell] 06/11/2020 10:14

Bit late, but back.

[imastu pidgitaswell] 06/11/2020 08:20

Mmm, run away for now. Probably back in an hour or so...

;-)

[plat hunter] 05/11/2020 16:34

There's that tiny gap on the 25th May on the weekly chart which keeps pulling it back down and that lovely one on the 16th Feb to aim at going upA lovely channel with lots to play for

[imastu pidgitaswell] 05/11/2020 16:07

Except it is trending down, and the 200 day ma keeps coming into play (from below).

Until it doesn't, of course. Still, nice to be back, and it's very worthwhile.