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GLEN Glencore Plc

435.30
6.55 (1.53%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Glencore Plc LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.55 1.53% 435.30 436.05 436.15 437.20 431.40 433.60 30,156,841 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec 217.83B 4.28B 0.3508 12.43 53.21B
Glencore Plc is listed in the Nonmetallic Mineral Pds sector of the London Stock Exchange with ticker GLEN. The last closing price for Glencore was 428.75p. Over the last year, Glencore shares have traded in a share price range of 365.45p to 502.60p.

Glencore currently has 12,200,711,959 shares in issue. The market capitalisation of Glencore is £53.21 billion. Glencore has a price to earnings ratio (PE ratio) of 12.43.

Glencore Share Discussion Threads

Showing 18826 to 18846 of 26550 messages
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DateSubjectAuthorDiscuss
18/2/2021
12:23
£3 Barrier...........next day or so.
Once this has been breached then the rise to a reasonable +£4 per share should be quickly attained. Even then the share price is still well below the true value for Glencore.
In comparison to similar stocks it is still being undervalued. Metals prices are booming and Copper is flying. It will only be a matter of time before this share takes off. The promised 'special' August extra dividend should help too.

gxgxx
16/2/2021
11:28
Agree entirely. Commodities are only going one way.
a2584728
16/2/2021
10:07
Dodge M

I tend to agree.....

lasata
16/2/2021
09:36
H2 was strong but next year with $7.2bn free cash flow at 31st Jan 2021 prices. Oil is up from $55 to $62 and copper from $36 to $38. If commodity prices stay where they are this is seriously cheap.
dodge meister
16/2/2021
08:31
gxgxx
16 Feb '21 - 07:21 - 2951 of 2953
0 1 0
16 February 2021

Preliminary Results 2020


Full report . .....

la forge
16/2/2021
07:24
Looks positive
lasata
16/2/2021
07:21
GLENCOÂEGlencorePreliminary Results 20201NEWS RELEASEBaar, 16 February 2021Preliminary Results 2020HighlightsGlencore’s Chief Executive Officer, Ivan Glasenberg, commented: “The Covid-19 pandemic is an extraordinary challenge that continues to impact many aspects of day-to-day life. Against this backdrop, the strength of our 2020 underlying performance is a credit to our highly skilled and dedicated employees, and alsoreflects our unique business model and ability to quickly adapt to changing market conditions and customer needs. “Navigating from recessionary conditions in the first half to a strong price recovery for most commodities in the second, Adjusted EBITDA finished the year flat at $11.6 billion. An outstanding Marketing performance lifted EBIT by 41% to $3.3 billion, while Industrial Adjusted EBITDA fell 13% to $7.8 billion, primarily reflecting weaker coal prices. A notable improvement was seen at our Katanga operation in the DRC, where its successful ramp-up lifted Africa copper EBITDA to $712 million from a loss of $349 million in 2019. Strong second half cash flows repositioned Net debt of $15.8 billion within our target range, allowing for the resumption of distributions. We are recommending to shareholders a distribution of $0.12 per share.“As the world focuses on the pathway to recovery from Covid-19, it is clear that meeting the goals of the Paris Agreement has taken on even greater urgency. While innovation and technological advances have transformed how we live and work, the commodities needed to enable this have not. Our commodities are essential in developing all facets of infrastructure needed to deliver the goals of energy and mobility transition.“We are focused on playing our part in supporting the Paris goals and have set out a clear strategy to address our total emissions footprint – being Scope 1, 2 and 3 emissions. “Glencore has been transforming the global commodities industry for nearly half a century, growing from a trader of ferrous and non-ferrous metals, minerals and crude oil, into one of the world’s largest natural resource companies. Today, the business and its portfolio of commodities is uniquely positioned for the needs of the future. It is ready to support the transition to a low-carbon economy and realise its ambition of net-zero by 2050. We remain focussed on creating sustainable long-term value for all stakeholders while operating in a responsible manner across all aspects of our business”


Full report . ..... hxxps://www.glencore.com/dam/jcr:39edd425-7a17-4b9d-8f0b-051e11da1083/GLEN-2020-Preliminary-Results.pdf

gxgxx
16/2/2021
07:18
Return to dividend!!!! and maybe more to come in August!!!! :-)

SHAREHOLDER RETURNSOwing to the uncertainty resulting from the Covid pandemic and to support the Group’s overall financial position during 2020, the Board elected not to pay any distributions in 2020.Having now reduced Net debt to $15.2 billion, excluding Marketing leases at period end (within our $10 to $16 billion target range), the Board is pleased to propose to shareholders a 2021 base distribution of $0.12 per share (c.$1.6 billion), comprising the $1 billion base attributable to marketing plus 25% of 2020 Industrial asset attributable free cash flow, payable in two equal instalments in 2021.As noted above, we have a 2021 priority to ensure additional deleveraging below the middle of the c.$10–16 billion guidance range (excluding Marketing lease liabilities) and targeting the lower end of the range in the medium term, including seeing the Netdebt/Adjusted EBITDA ratio moving closer to 1x. Given Glencore’s current strong levels of operating cash flow (evidenced by the c. $7.2 billion of illustrative annualised free cash flow generation at end of January 2021 spot prices), these targets are well on track to be met. Reflecting these objectives, the next six months’ performance and prevailing market conditions and outlook at the time, the Board would consider special 2021 “top-up” shareholder distributions, alongside its interim results in August.

gxgxx
04/2/2021
15:22
Glencore PLC said Thursday that it will relinquish mining contracts back to the government of Colombia following the rejection of proposals for mines to stay in maintenance mode.

The FTSE 100 Anglo-Swiss mining and oil company said that subsidiary Prodeco will begin the process of handing its mining contracts back to the state by way of the National Mining Agency.

The agency had previously declined Prodeco's request to keep the mines of Calenturitas and La Jagua in care and maintenance.

"The decision to relinquish the mining contracts was not taken lightly and is a disappointing outcome," the company said

Glencore said that Prodeco will engage with its employees, contractors and the host communities on the effects of relinquishing the titles.



Write to Adriano Marchese at adriano.marchese@wsj.com



(END) Dow Jones Newswires

February 04, 2021 09:51 ET (14:51 GMT)

waldron
03/2/2021
08:34
Glencore PLC on Wednesday reported that its 2020 coal and copper production was in line with its guidance.

The FTSE 100 Anglo-Swiss mining and oil company produced 106.2 million metric tons of coal last year, down from 139.5 million tons in 2019 and at the lower end of the 106 million-112 million tons guidance range.

Copper output fell to 1.26 million tons from 1.37 million, meeting the 1.23 million-1.28 million guidance range.

Glencore's zinc production increased 9% in 2020, but cobalt output declined 41%, lead was down 7%, nickel fell 9%, and ferrochrome plunged 28%.

Precious metals production rose last year compared with 2019, with gold up 3% and silver up 2%.

In addition, oil production on an entitled interest basis decreased 29% to 3.94 million barrels.



Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT



(END) Dow Jones Newswires

February 03, 2021 02:24 ET (07:24 GMT)

maywillow
30/1/2021
03:20
Once the yanks accept it's not nice to short 160% of a company's stock we should be back up to 270 - 280.
zangdook
29/1/2021
21:12
THE WISH LIST GIVING BOXES,Supports and Resistences to determine channels and trends together with broker targets which might of course make you smile or and smirk


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





December 2020 ends at 233p

JANUARY 2021 ends at 246.4p








SUPPORTS AND RESISTENCES

waldron
29/1/2021
21:07
Glencore
246.4 -0.92%

waldron
27/1/2021
16:10
US market authority. Sorry .
action
27/1/2021
16:08
GED want to look into twitter account to find put who was pushing gamestock higher because wall street is being hurt by punters. I wish they take same sort of interest when MM manipulates market and punters gets hurt.
action
27/1/2021
14:28
Stick with commodities and real estates as well usa banking stocks. Inflation is coming back amount of stimulus in pipeline and more in futures. DYOR .
action
23/1/2021
09:54
Vale targets coal exit as it prepares sale of Moatize mine in Mozambique

MiningCoal

By Andrew Fawthrop 21 Jan 2021

The Brazilian miner will acquire a partner's 15% share in Moatize coal mine, ahead of a planned divestment of the entire project and its associated infrastructure
mining truck 2

Japanese firm Mitsui has sold its interests in the venture back to Vale for a nominal fee

Vale has taken its first step towards exiting the coal market, striking a deal that will advance the sale of its Moatize mine in Mozambique.

The Brazilian miner agreed to acquire a 15% stake in the venture held by Japanese trading company Mitsui for a token fee ($1), as well as Mitsui’s interests in the Nacala Logistics Corridor (NLC) being constructed to service the mine – with a view to consolidating both operations ahead of a future sale.

The agreement anticipates Mitsui’s exit from the project can be completed this year, after which Vale will begin searching for a “third party interested in those assets”.

It added it will maintain “operational continuity” during this process, supporting the project’s ramp-up and keeping commitments to various stakeholders, including local labour and resettlement agreements.


Vale says mine upgrades will allow Moatize to produce 18 million tonnes of coal per year by 2022

Moatize is Vale’s largest venture in the coal sector, and has been operational since 2011.

In 2017, Mitsui paid $690m for the 15% interest in the mine, as well as a 50% interest in the NLC project to provide port and rail infrastructure.

Vale is currently implementing upgrades at the facility, which it expects will increase production rates to 15 million tonnes per year in the second half of 2021 and 18 million tonnes per year by 2022.

The combined mine and infrastructure assets have outstanding debt totalling $2.5bn, which Vale says it will reclassify to financial expenses, debt amortisation and sustaining capital.

“Future refinancing of the project finance and simplification of the structure will lead to potential annual savings of approximately $25m,” the company said in statement.

Analysts suggest Vale may look to Chinese buyers to offload the venture, according to reports, given the ongoing trade tensions between Beijing and Australian coal exporters.


Mining majors increasingly looking to a coal-free future

The move underscores a growing shift away from coal assets among the world’s biggest mining companies, as the fossil fuel is gradually phased out of the global energy mix, and investors increasingly demand environmental commitments from corporate leadership.

Vale said the planned divestment is “in line with the focus on its core businesses and ESG agenda, committed to becoming carbon-neutral by 2050 and reducing 33% of its Scopes 1 and 2 emissions by 2030”.

BHP has confirmed similar plans to divest its coal-producing assets, including the huge Mount Arthur mine in Australia – and yesterday confirmed a writedown of $1.15bn-$1.25bn on its New South Wales Energy Coal unit as it seeks to offload the venture.

Anglo American plans to divest its South African thermal coal operations by 2023, while Rio Tinto has already completed its coal exit, selling the last of its coal mines in 2018.

Glencore recently pledged an extensive decarbonisation agenda, although says “responsible stewardship” and reduction of its coal portfolio will be the priority, rather than a rush to abandon all of its coal assets.

florenceorbis
19/1/2021
12:15
Glencore PLC said Tuesday that one of its subsidiaries has agreed to sell an underlying 73% stake in Mopani Copper Mines PLC to ZCCM Investments Holding PLC for $1 and the assumption of debts of $1.5 billion.

The Anglo-Swiss commodities company said its 81.2%-owned subsidiary Carlisa Investments Corp. has signed a contract to sell its 90% interest in Mopani to ZCCM, which owns the remaining 10% interest in Mopani.

Mopani, which houses a copper mine in Zambia, has been funded by borrowings from Carlisa and other members of the Glencore group, the Anglo-Swiss company said. On completion of the deal, $1.5 billion of debt will remain owed by Mopani to Glencore group creditors, Glencore said.

Glencore said it will also retain offtake rights in respect of Mopani's copper production until the transaction debt has been fully repaid.

London-listed shares in Glencore at 0821 GMT were up 1.4% at 280.60 pence.



Write to Adria Calatayud at adria.calatayud@dowjones.com



(END) Dow Jones Newswires

January 19, 2021 03:43 ET (08:43 GMT)

maywillow
08/1/2021
20:39
CHUCKLE AND CHEERS
waldron
08/1/2021
20:36
I’m just happy I got in at 125 142 and 160.
limay
08/1/2021
20:10
Rio Tinto
6,310 +0.00%



Bhp
2,221.5 +0.91%



Anglo American
2,823 +0.14%



Glencore
276.45 -0.75%

waldron
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