Share Name Share Symbol Market Type Share ISIN Share Description
Glencore LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -6.90p -1.83% 370.30p 32,575,562 16:22:09
Bid Price Offer Price High Price Low Price Open Price
370.25p 370.35p 378.70p 367.35p 370.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 152,130.6 5,124.2 30.4 12.6 53,414.82

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Date Time Title Posts
26/4/201815:02Glencore International - A global player14,148
22/9/201618:38Analysts' View on Glencore (GLEN)-
02/2/201615:29GLENCORE INTERNATIONAL PLC: Jon's Bear Club500
27/11/201514:24To Buy some GLEN3
01/12/201412:08Glencore Xstrata13

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Glencore (GLEN) Top Chat Posts

DateSubject
26/4/2018
09:20
Glencore Daily Update: Glencore is listed in the Mining sector of the London Stock Exchange with ticker GLEN. The last closing price for Glencore was 377.20p.
Glencore has a 4 week average price of 329.95p and a 12 week average price of 329.95p.
The 1 year high share price is 416.90p while the 1 year low share price is currently 270p.
There are currently 14,424,740,908 shares in issue and the average daily traded volume is 52,159,407 shares. The market capitalisation of Glencore is £53,378,753,730.05.
09/4/2018
16:22
zangdook: stupid yanks throwing their toys out of the pram. http://uk.advfn.com/stock-market/london/glencore-GLEN/share-news/U-S-Sanctions-Take-a-Toll-on-Rusal-Shares/77133977 "Swiss based mining and trading giant Glencore PLC holds a nearly 9% stake in Rusal. Glencore Chief Executive Ivan Glasenberg has been a Rusal board member since 2007. It is unclear if the sanctions directly affect that shareholding. Glencore declined to comment. Shares in the firm were down 3% in London trading."
16/3/2018
12:37
foxy22: Seems glencore now on upward trajectory.Since they have cobalt dominance via Katanga etc do u think Congo Kabila meeting has given clarity or will stall share price
14/12/2017
22:16
stephen2010: ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following: MARKET CAP PUZZLE ❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed companies with much enhanced market capitalisations, such as UKOG.L (£134m) and JAY.L (£172m). With either shared project interests or adjacent tenements to these companies, Alba should trade at a much higher valuation than its current token value. Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba has approximately one third of the value of Horse Hill compared to UKOG but only about 7% of the market capitalisation. Once the market recognises these disparities, the room for growth in Alba’s share price is undeniable. VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The Horse Hill licences are valued using independent published technical data from Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own assumptions on recovery rates, oil discovery value, resource and development risks factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived for Horse Hill. Given the similar geology and economic potential of both TBS and Dundas, we have adopted a risked closeology valuation approach, by computing an NPV for Dundas of $223m and then applying a three-tiered risked probability calculation to arrive at a value of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS and Bluejay its Feasibility Study results, this number is likely to be revised upwards very rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder value. We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which 4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth of valuation catalysts anticipated across the project portfolio in the coming months, we recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential 15 times plus uplift from the current share price.
07/10/2017
12:00
russell250: Glenkaz - I regret swearing the other day but I hate rampers equally shorters destroying value but you know I comment on various other boards eg pfg hur msl nsf as I trade full time - I try to be realistic with comments and expectations Silver spoon - I wish!! we only had an outside toilet and no central heating I came from an end of terrace in s wales , after college which few attended from my school as it was an under privileged area - 27 yrs working up to senior role for ftse100 - I took the risk of trading my spare funds and pension since age 51 I have been trading since 2014 full time - and my life has changed predominantly because I backed glencore - I have had significant success with glencore making over £3 million net on this stock to date - I love this stock I have reduced the percentage of my overall wealth in this stock as before I have been in up to 100% when stock was in recovery mode and I was less experienced I have been backing it from just over 70p. when large percentage swings were more prevalent - 5%+ daily very commonplace - but since recovery has seen shares above £2 the large percentage daily moves are less common --- I have had 2 occasions when I have had taken losses of over £250k on this stock This remains my largest holding and I am constantly revaluating my short medium target price as more and more deals are made - likes of hero from harris associates have grown corporate confidence - plus China is still eating commodities in its growth I see glencore above £4 by feb/march 2018 and hopefully north of £4.50 by end of next year - they are fantastically placed to use their trading arm and key holdings in zinc copper cobalt to continue to grow cash flow for deals ---not forgetting coal and new partnerships with oil. Glasenburg will buy a large American agriculture manufacturer - to balance his commodity grain trading needs I also see the possibility of a takeover in the future of rio - as companies like bhp/rio return more dividends and buybacks to shareholders than Glencore growth aspirations But I still feel the statements made of huge share price growth in such short time at companies current valuation as pure ramping -
26/9/2016
09:25
losses: Hedge Fund Lansdowne Loses Big on Glencore BetSource: Dow Jones NewsLONDON-Hedge fund firm Lansdowne Partners (UK) LLP is one of the biggest losers from the sharp rebound in Glencore PLC shares this year.Lansdowne, one of the world's biggest hedge-fund firms with around $20 billion in assets under management, has been betting against Glencore's shares for three years or more, according to regulatory disclosures.It benefited from their steep fall in the second half of last year on worries about the company's debt levels.This year the mining giant's shares have come roaring back. They are up around 130% this year to £ 2.12. And this has hurt those hedge funds that continue to hold a 'short' position and bet on a price fall.Since the start of the year Lansdowne has lost approximately £ 250 million ($326 million) on the position, according to calculations by The Wall Street Journal based on regulatory disclosures and closing share prices.A spokesman for Lansdowne declined to comment.Based just off London's expensive Berkeley Square, the media-shy investment firm has made double-digit gains in each of the past four years in its flagship Developed Markets fund, run by Peter Davies and Jonathon Regis.This year to September 16 it is down 13.2% after a series of missteps.Lansdowne's most recent letter to investors, reviewed by the Journal, showed its main fund was running a bet against shares in the basic materials sector.Overall hedge fund bets have come down sharply this year as Glencore's shares have recovered and are now at less than one-third of the levels seen in February, according to data group Markit.However, some investors have profited handsomely from Glencore's rebound.David Herro, international chief investment officer for U.S. asset manager Harris Associates LP, more than doubled its stake following the share issue last September. Harris has since trimmed its position to just under 6% from 8%, Mr. Herro said. "We still think the stock is worth well over 400 pence once copper begins to normalize," he said.Van Eck Global, which holds roughly $200 million of Glencore stock, made a 64% or $15.5 million return on shares bought and sold since September 2015, according to Journal calculations based on FactSet data."People didn't understand what was going on with the business at that point," said portfolio manager Charl Malan. People didn't realize that the company had a credible plan in place to reduce net debt, he added. "There is upside to their cash flow....They're going to return money to shareholders. You watch," he said.The rise in Glencore's share price this year has been driven by rising commodity prices, particularly in zinc and coal. The company has also taken steps to cut its debt burden. This year's rise marks a revival in fortune. On Sept. 28, 2015, its shares fell 29% in one day, to 69 pence, because of concerns it would struggle to pay down almost $30 billion in net debt. The company's stock had been steadily declining since its initial public offering price of 530 pence in 2011.Glencore responded to investor concerns by announcing a raft of measures to cut debt, including an equity issue, dividend suspensions and billions of dollars in asset sales. The plan is bearing fruit, with analysts expecting net debt to drop to well within the company's guided range of $16.5 billion to $17.5 billion by year-end, down from $23.6 billion at June-end and $29.6 billion a year before then.Rising commodity prices have also been a boon to earnings. As the world's largest exporter of thermal coal and zinc miner, Glencore has benefited from the rise in zinc and coal prices, two of its key earnings drivers.Write to Laurence Fletcher at laurence.fletcher@wsj.com (END) Dow Jones NewswiresSeptember 23, 2016 15:05 ET (19:05 GMT)Copyright (c) 2016 Dow Jones & Company, Inc.
23/9/2016
19:59
tsmith2: Lansdowne Partners Loses Big on Glencore Bet -- UpdateSource: Dow Jones NewsBy Laurence Fletcher LONDON -- Hedge fund firm Lansdowne Partners (UK) LLP is one of the biggest losers from the sharp rebound in Glencore PLC shares this year.Lansdowne, one of the world's biggest hedge-fund firms with around $20 billion in assets under management, has been betting against Glencore's shares for three years or more, according to regulatory disclosures.It benefited from their steep fall in the second half of last year on worries about the company's debt levels.This year the mining giant's shares have come roaring back. They are up around 130% this year to GBP2.12. And this has hurt those hedge funds that continue to hold a 'short' position and bet on a price fall.Since the start of the year Lansdowne has lost approximately GBP250 million ($326 million) on the position, according to calculations by The Wall Street Journal based on regulatory disclosures and closing share prices.A spokesman for Lansdowne declined to comment.Based just off London's expensive Berkeley Square, the media-shy investment firm has made double-digit gains in each of the past four years in its flagship Developed Markets fund, run by Peter Davies and Jonathon Regis.This year to September 16 it is down 13.2% after a series of missteps.Lansdowne's most recent letter to investors, reviewed by the Journal, showed its main fund was running a bet against shares in the basic materials sector.Overall hedge fund bets have come down sharply this year as Glencore's shares have recovered and are now at less than one-third of the levels seen in February, according to data group Markit.However, some investors have profited handsomely from Glencore's rebound.David Herro, international chief investment officer for U.S. asset manager Harris Associates LP, more than doubled its stake following the share issue last September. Harris has since trimmed its position to just under 6% from 8%, Mr. Herro said. "We still think the stock is worth well over 400 pence once copper begins to normalize," he said.Van Eck Global, which holds roughly $200 million of Glencore stock, made a 64% or $15.5 million return on shares bought and sold since September 2015, according to Journal calculations based on FactSet data."People didn't understand what was going on with the business at that point," said portfolio manager Charl Malan. People didn't realize that the company had a credible plan in place to reduce net debt, he added. "There is upside to their cash flow....They're going to return money to shareholders. You watch," he said.The rise in Glencore's share price this year has been driven by rising commodity prices, particularly in zinc and coal. The company has also taken steps to cut its debt burden. This year's rise marks a revival in fortune. On Sept. 28, 2015, its shares fell 29% in one day, to 69 pence, because of concerns it would struggle to pay down almost $30 billion in net debt. The company's stock had been steadily declining since its initial public offering price of 530 pence in 2011.Glencore responded to investor concerns by announcing a raft of measures to cut debt, including an equity issue, dividend suspensions and billions of dollars in asset sales. The plan is bearing fruit, with analysts expecting net debt to drop to well within the company's guided range of $16.5 billion to $17.5 billion by year-end, down from $23.6 billion at June-end and $29.6 billion a year before then.Rising commodity prices have also been a boon to earnings. As the world's largest exporter of thermal coal and zinc miner, Glencore has benefited from the rise in zinc and coal prices, two of its key earnings drivers.Write to Laurence Fletcher at laurence.fletcher@wsj.com (END) Dow Jones NewswiresSeptember 23, 2016 13:43 ET (17:43 GMT)Copyright (c) 2016 Dow Jones & Company, Inc.
04/11/2015
12:30
robrah: It is funny watching the glen share price failing @128 129U can just feel the heartbeat of the bulls like warwick and the lot speed up every time there is a small move down lolDon't worry there big down days are coming soon.
30/10/2015
10:11
brahmsnliszt: LONDON | BY SARAH MCFARLANE AND DMITRY ZHDANNIKOV Oct 29 Commodities mining and trading giant Glencore is reducing its $18 billion inventory pile, industry sources say, a move ratings agencies say could help assuage concerns about its balance sheet.The biggest player in the secretive commodities trading industry to hold a public share listing that requires it to disclose its accounts, Glencore has been battered by the global downturn in commodities prices.Worries about its $30 billion debt burden saw its share price lose nearly two thirds if its value so far this year. The firm has pledged to reduce its debt by $10 billion by suspending dividends, reducing investments and selling some assets in order to protect its investment grade debt rating.Sources close to the companyhttp://images.intellitxt.com/ast/adTypes/icon1.png say it is also reducing its vast trading inventory, driven in part by the winding up of "contango" market conditions, under which long-dated futures contracts were priced higher than spot prices, encouraging traders to store material to resell it at a profit later."If you look at where commodities prices are today and how the market conditions changed in the past six months - it is fair to say that the only way for inventories is to go down," a source close to Glencore said.That could help appease ratings agencies such as Moody's and S&P, which both rate Glencore just two notches above junk, with a negative outlook that means its investment grade rating is in jeopardy."Sometimes the balance sheet is just more important than the contango play," said the source close to the company.A rating cut would raise the cost of borrowing. Some brokerage analysts see this as a potential threat to Glencore's businesshttp://images.intellitxt.com/ast/adTypes/lb_icon1.png model. Glencore denies it would have a major impact but says it wants to avoid it anyway.INVENTORY VOLUME BALLOONSDespite the steep fall in commodities prices since last year, the total value of Glencore's inventory has barely budged, another way of saying that the volume of hydrocarbons, metals and other commodities the firm is holding has ballooned in size.Under the "contango" conditions in place at the start of 2015, when traders expected the price of oil to recover from last year's steep falls, the cost of buying and storing it was lower than the price for contracts to deliver it in future months. Traders responded by storing millions of barrels in ships and inland tanks to earn a profit selling it later.But in recent months, with a global oil glut growing, the cost of storage rising and the market now expecting low prices to persist longer, future prices for many commodities have fallen closer to, or lower than, spot prices. That means there is less to be earned from holding inventory.Hence traders ranging from BP to Vitol have been reducing inventories. When Glencore presents investors with an update on Nov 4 it will most likely show a cut in inventory of billions of dollars.Despite trading larger volumes in the first half of this year, Glencore's trading generated lower than expected earnings of $1.1 billion, down from $1.5 billion in the first half of 2014. Glencore expects to deliver $1.4 billion-$1.5 billion in trading earnings in the second half, although that task might prove to be challenging given shrinking volumes and an unwinding contango."You shrink your trading book and you shrink some trading profit margin opportunities," said David Staples, managing director at Moody's for EMEA corporate finance.Nevertheless, the smaller inventory could produce benefits by reducing the need for the company to take other steps to shrink its balance sheet to assuage the ratings agencies.SOLVENCY UNDER SCRUTINYBoth S&P and Moody's are awaiting the execution of the $10 billion debt cut plan to decide whether to keep their negative outlooks.While details of Glencore's $30 billion long-term debt - in bonds and syndicated loans - are publicly known, much less information is available about the vast mountain of commodities it holds for trading purposes, which it finances throught short-term banking loans.Glencore considers its inventory a trade secret and discloses only its total value, which was $17.9 billion in its last quarterly accounts. The full details are shared only with its auditors Deloitte and the ratings agencies Moody's and S&P.The firm says the inventory should not matter in calculations of its debt: there is no risk to its solvency from holding a huge stock of metal in rail cars or oil in tankers around the world for trading purposes. The inventory is fully audited by Deloitte, accounted for at market prices and hedged to dampen the risk of possible fluctuations in price.But the ratings agencies nevertheless apply a discount to their valuations of trading inventory, to account for what they see as risk that still remains despite hedging. That in turn increases their overall estimate of Glencore's debt.S&P says it discounts the most liquid trading inventories like crude oil by 10 percent, and less liquid inventories like alumina by 25 percent. Those discounts are one of the reasons it tallies Glencore's debt at $37 billion, rather than the $30 billion Glencore says it owes."It is mostly just to recognise the risk that there is a haircut in a fire sale scenario, in a speedy liquidation. It is fairly standard to assume some kind of a haircut," said Simon Redmond, S&P's director for oil and gas ratings.Because of Glencore's hedging, "there should not be material price risk on the trading inventories which is obviously critical from our perspective," he said. "But there is also some basis risk exposure because they can't hedge perfectly."Moody's applies an even bigger discount of 50 percent to the inventory.Reducing the inventory could reduce the need to shrink the balance sheet elsewhere, said Moody's Staples, although he said reducing long-term debt was still more important than cutting short-term borrowing related to inventories."A mining company without that kind of operation (trading), it's options are cut dividends and cut capex. Glencore has the extra lever, which is if they have to generate cash flow they can shrink their trading operations," he said. (Writing by Dmitry Zhdannikov; Editing by Peter Graff)
30/9/2015
03:15
spob: Analysts at eye of Glencore storm speak of their ‘boldest call’ Laura Noonan and Neil Hume FT September 29, 2015 On Monday morning, three mining analysts at Investec’s London office did something they have done dozens of times in the 50 years they have collectively spent covering the industry. They published a note. It sparked a share price rout in one of the miners in their analysis. Glencore, the trading and mining group that came off worst in Investec’s assessment of the mining industry’s challenges, plummeted 29 per cent on the London exchange in the hours after the note was released. The slump continued in Asia, with a 27.5 per cent fall in the group’s value on the Hong Kong exchange. “The report generated a large number of follow-up calls,” Investec said. Jeremy Wrathall, the bank’s head of natural resources research, said that in his 25 years in the industry he has “never seen anything like it”. “It generated a huge amount of attention,” he said. Mr Wrathall and his two co-authors, Hunter Hillcoat, a 15-year veteran of the sector, and Marc Elliott, the lead analyst on Glencore, have been dealing with a barrage of calls from investors and other companies mentioned in the report. “There hasn’t been a hostile reaction [from the other companies],” Mr Wrathall said. Glencore called once — Mr Wrathall would not give details of the tone of that call. The South-African owned bank has not been shy about highlighting the mining sector’s weaknesses before, headlining a note about African Minerals in September last year with a blunt “Tell them they’re dreaming”. That said, Investec is not known as a perpetual pessimist. “I don’t think they [Investec] have a reputation as very aggressively negative,” said one market insider. “They would be a little bit more independent than some of them,” he added. Three big banks — Barclays, Citigroup and Morgan Stanley — led a $2.5bn capital raising for Glencore that closed a fortnight ago. Investec launched its Glencore coverage with a “sell” recommendation in November 2013, but moved to a “hold” three months later and then a “buy” in September 2014. That “buy” stayed in place right up until mid-July 2015, even as the share price faltered. In mid-August, Investec returned to a “sell”. In an ironic twist, last Friday, Investec upgraded Glencore to a “hold” with a price target of 125p — some 45 per cent above the low it hit on Monday and a far cry from the 79.92p it had rebounded to by mid-afternoon on Tuesday. Mr Wrathall described this week’s note as his team’s “boldest call” but stressed that it was a call on the overly indebted mining industry as a whole, not a call on Glencore. Some doubt whether Investec’s research — which showed Glencore’s equity could be wiped out if weak commodity prices persist — was the trigger for Glencore’s share price woes. “A FTSE 100 company does not fall 29 per cent in value because an analyst wrote a note,” said a senior investment banker in London. “Investec is a midsized independent research house. They have a bit of credibility because they are independent ... but these are very sophisticated investors.” Another senior banker said other analysts — including Bank of America, Goldman Sachs and Morgan Stanley — published similar analysis on how Glencore would fare if the commodities rout continued. Morgan Stanley said the shares could be worth just 17p in a depressed commodity price environment. “I don’t think it was the Investec note particularly (that caused the fall),” the banker said, adding that Monday’s data from China was a bigger concern. China said industrial profits fell 8.8 per cent in August, far more than expected and the biggest fall in four years. Another industry insider criticised the Investec analysis as “simplistic221;. “The theme of the note was progressed over several weeks and was carefully structured to address the wider issue of the rise of debt among the miners following the [global financial crisis] and the implications that could arise if commodity prices do not recover,” Investec said. “Glencore was identified as one that could be the most problematic. It was intended to be an objective way of looking at the value of equity as a proportion of overall embedded value and to highlight the overall problem of the proportion of debt and the associated costs.” Investec’s London office is no stranger to making headlines. In December the bank was forced to “apologise unreservedly” for headlining a research note on Standard Chartered’s regulatory difficulties with the dying words of Eric Garner, an unarmed black man killed in a police chokehold. The headline — “I can’t breathe” — drew widespread condemnation including a tweet from Benjamin Lawsky, one of the US regulators who brought actions against StanChart, and said: “Terrible. Should be disavowed with apologies by Investec.”
24/9/2015
15:59
gunnerman: The current GLEN share price collapse has the look of a typical fear driven over reaction and no doubt we will all be asking why the hell we didn't buy more in a few months time. While China is the global driver of the mining business, the market just seem to ignore the fact that China is not in recession, but that growth is just slowing to a "mere" 6-7%. Does that not suggest to you that demand will soon pick up? Is £1 the bottom? Well neither you, I or the Archangel Gabriel know that, but the risk to reward ratio here is stacked in favour of the bulls. Good luck all.
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