Glencore Share Discussion Threads

[montynj] 28/9/2021 14:33

Just broken out on chart so bullish

[waldron] 28/9/2021 14:27

LOOKING TOPPY AT PRESENT

[gxgxx] 28/9/2021 14:18

The ceiling has been broken!!! £3.44 and rising...
Very interesting considering what the other stocks are doing.
Some must think they had better get in before they miss the boat.
MM's up to their devious tricks as per?

[mo123] 28/9/2021 13:58

Cable taking one hell of a hit today certainly helps.

[gxgxx] 28/9/2021 10:24

£3.42 and rising............. 3 Year High!

[gxgxx] 28/9/2021 09:49

Glencore plc shares are reaching an interesting resistance zone. The current technical chart pattern suggests that a breach of this level could lead to new upside potential.
Investors have an opportunity to buy the stock and target the GBX 400.

[florenceorbis] 24/9/2021 13:50

BP, Glencore Suits Allege Oil Trading Role in Nigerian Elections

William Clowes, Bloomberg News


(Bloomberg) --

Lawsuits in London and New York have shed light on how fees that trading firms paid agents to win oil contracts from Nigeria’s state energy company may have raised funds for the country’s past two elections.

An ex-BP Plc oil trader alleged this week that cargo allocations by the Nigerian National Petroleum Corp. could have contributed to preparations for general elections in 2019. And a former Glencore Plc employee in July admitted paying a middleman $300,000 to secure a crude shipment from the NNPC, understanding the money would be spent on the nationwide vote that took place four years earlier.

A spokesman for the NNPC didn’t respond to three calls and three text messages seeking comment.

Jonathan Zarembok, who left BP’s West Africa desk last year, said in the suit he suspected that fees paid by the U.K. energy giant to obtain NNPC contracts would go toward the 2019 elections. He filed an employment claim against BP, alleging he was fired for raising concerns about the large sums being transferred to intermediaries to win business in Nigeria.

Zarembok said in a witness statement made public this month that emails sent in 2017 by a BP executive in Nigeria were a “clear red flag” and implied “there would be pressure to pay bribes.” The emails discussed how preparations for elections would get under way in 2018. “We understand what that means,” the executive wrote.

The company then wired $900,000 in fees to a local agent after securing two oil cargoes from NNPC, he said.

“BP is defending in full and denies all allegations made by the claimant,” the company said in a statement. It declined further comment while Zarembok’s case at a London employment tribunal continues.

President Muhammadu Buhari and his ruling All Progressives Congress retained power in the 2019 vote. Presidential spokesmen didn’t respond to calls and emails seeking comment on Zarembok’s allegations.

Similar details emerged two months ago, when Anthony Stimler, who left Glencore in 2019, pleaded guilty to corruption and money-laundering charges.

Stimler was notified in September 2014 that “Foreign Official 1” was asking all NNPC clients to pay an advance on each cargo “in connection with a then-upcoming political election,” according to U.S. court filings. He then had Glencore wire $300,000 to an intermediary company, which prosecutors said was used “to pay bribes to Nigerian officials.”

U.S. prosecutors outlined how Stimler and others paid bribes worth millions of dollars in several countries, including to NNPC officials, between 2007 and 2018. A Glencore spokesman didn’t respond to a request for comment.

“The conduct described in the plea is unacceptable and has no place in Glencore,” the company said in a statement on July 26.

Bloomberg has previously reported that the unnamed “Foreign Official 1” refers to Diezani Alison-Madueke, who served as Nigeria’s oil minister and oversaw NNPC between 2010 and 2015. Her party, the People’s Democratic Party, lost the elections in March 2015 to Buhari’s APC.

The Nigerian authorities are trying to extradite Alison-Madueke from the U.K. to face corruption charges. She has previously denied any wrongdoing.

[waldron] 22/9/2021 11:38

banks value date it, even if late

well done for Bell, makes one wonder if certain brokers gain from delay

[lbdwhite] 22/9/2021 11:06

AJ Bell came through yesterday.

[watfordhornet] 22/9/2021 10:05

Nothing with HL. Always late with Glen as given as a capital payment rather than Divi for some reason

[uncertain times] 22/9/2021 10:00

Barcays neither

[chaders2] 22/9/2021 09:16

no didvi yet with hl

[waldron] 21/9/2021 18:39

you be correct


H2 Distribution payment date Tuesday, 21 September

[watfordhornet] 21/9/2021 17:59

I thought it was a Divi day today?Am I wrong but have seen nothing come through

[arja] 20/9/2021 11:50

when in doubt about what to do when a stocks starts to look toppy , a BHR policy is never a bad idea IMO ,. ie sell half or part anyway .

[arja] 20/9/2021 11:48

chart suggests 295 is support level but might need US indices to recover later today for a meaningful bounce foxy22 . base metals have retreated lately but still quite high historically . If holding a stock and fancy it for long term , it is never a bad idea to short it with a CFD as a HEDGE if expecting a short term downtrend .

[foxy22] 20/9/2021 08:20

Glencore may not suffer as much...no iron ore.

[foxy22] 20/9/2021 08:19

Unbelievable drop in fortescue and bhp in ozNot sure what to doI think sitting out for these bumper dividends Was a mistakeFxpo anglo same dilemmaMaybe sell nowMore downside ?

[arja] 20/9/2021 07:20

more downside today for all or most mining stocks and miners hammered in OZ on monday !

[uncertain times] 19/9/2021 21:51

Charts, commodity demand post covid, gas shortages, copper demand, cobalt demand, company share buy-backs, broker opinion and coal not dead yet.

[norfolk enchance] 19/9/2021 19:50

What are the signs?

[gxgxx] 19/9/2021 10:25

The big hike has to and will come.

As always the winds are against us.

But I am sure that the MM's and other 'controllers' will not be able to hold the share price back.
The direction is up and it should fly when it does.
Dividend payment on 20/09 might be the nudge that is required.