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GLEN Glencore Plc

422.60
-2.60 (-0.61%)
18 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 Shares Traded Last Trade
  -2.60 -0.61% 422.60 27,245,457 16:35:13
Bid Price Offer Price High Price Low Price Open Price
423.60 423.70 428.30 423.15 424.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec USD 217.83B USD 4.28B USD 0.3508 12.08 51.69B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:30 O 306,000 426.344 GBX

Glencore (GLEN) Latest News

Glencore (GLEN) Discussions and Chat

Glencore Forums and Chat

Date Time Title Posts
17/3/202423:56Glencore Xstrata10,670
18/10/202315:06Glencore International - A global player15,412
13/1/202309:08Glencore4
30/3/202219:45Glencore IPO onwards >>6
22/9/201617:38Analysts' View on Glencore (GLEN)-

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Glencore (GLEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 18:28:30426.34306,0001,304,612.64O
2024-03-18 18:06:55426.01313,2061,334,298.28O
2024-03-18 18:06:06426.07304,2001,296,092.77O
2024-03-18 18:05:27426.5371,991307,064.65O
2024-03-18 17:59:30422.6064,050270,675.30O

Glencore (GLEN) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Glencore Daily Update
Glencore Plc is listed in the Nonmetallic Mineral Pds, Nec sector of the London Stock Exchange with ticker GLEN. The last closing price for Glencore was 425.20p.
Glencore currently has 12,200,711,959 shares in issue. The market capitalisation of Glencore is £51,688,316,214.
Glencore has a price to earnings ratio (PE ratio) of 12.08.
This morning GLEN shares opened at 424.15p
Posted at 14/3/2024 11:20 by pj84
Some snippets from the above article.

“An activist investor has called on Glencore to abandon the demerger of its coal business and to switch its primary listing to Sydney from London, which it said was “no longer the home of mining”.

Tribeca Investment Partners, an Australian hedge fund, wrote to the board of the Swiss commodities powerhouse this week putting forward a list of proposals designed to help to revive the share price, which it said had trailed behind rivals since Glencore’s stock market flotation in 2011.”

....

“Tribeca urged the Glencore board to increase dividends by ending share buybacks and by divesting a minority stake in the trading division via a market flotation.”
Posted at 21/2/2024 07:17 by mhrangoon
Glencore's Chief Executive Officer, Gary Nagle, commented:"Against the backdrop of a rebalancing and normalisation of international energy trade flows, our Marketing and Industrial segments posted a lower, albeit healthy, earnings performance in 2023, delivering Group Adjusted EBITDA of $17.1 billion, cash generated by operating activities of $15.1 billion and Net income attributable to equity holders of $4.3 billion."Aided by healthy operational cash generation, after funding $5.6 billion of net capex and $10.1 billion of shareholder returns, the 2023 year-end Net debt outturn was contained to $4.9 billion vs $0.1 billion in 2022. With a Net debt/Adjusted EBITDA of 0.29x, we continue to enjoy significant financial headroom and strength."For 2024, basis 2023 cash flows, we are recommending to shareholders a $0.13 per share (c.$1.6 billion) base cash distribution, comprising $1 billion from Marketing cash flows and 25% ($0.6 billion) of Industrial attributable cash flows.This distribution, along our shareholder return journey, must be contextualised by the significant announcement in November 2023 that we had entered into a binding agreement with Teck Resources Limited (Teck) to acquire a 77% effective interest in its steelmaking coal business, Elk Valley Resources (EVR) for $6.93 billion in cash. These are world-class assets, expected to meaningfully complement our existing thermal and steelmaking coal production in Australia, Colombia, and South Africa. EVR also supports the transition as an input into steel production needed for certain renewable energy infrastructure. The transaction is subject to mandatory regulatory approvals and, while closing could occur earlier, it is expected no later than Q3 2024. The acquisition of EVR unlocks the potential, subject to shareholder approval, for a value accretive demerger of our combined coal and carbon steel materials business and, in support thereof, we advised that Glencore could demerge the combined company, only once Glencore had sufficiently delevered towards a revised $5 billion Net debt cap, expected to occur within 24 months from close.Over the past few years, our capital structure and credit profile has been managed around a $10 billion Net debt cap, with sustainable deleveraging (after base distribution) below the cap periodically returned to shareholders via special distributions and buybacks. Under this framework, we announced $20.3 billion of shareholder returns since 2020, comprising $10 billion of base distributions and $10.3 billion of "top-up" returns. Following the EVR announcement, we are now managing the balance sheet around a revised $5 billion Net Debt cap, alongside our continued commitment to minimum strong BBB/Baa ratings.Although there are no "top-up" returns at this point, the business is expected to be highly cash generative at current spot commodity prices (spot illustrative annualised free cash flow generation of c.$5.2 billion from Adjusted EBITDA of c.$15.0 billion), which augers well for top-up returns to recommence in the future."As the world moves towards a low-carbon economy, we remain focused on supporting the energy needs of today whilst investing in our transition commodities portfolio. During 2023, we acquired a 30% equity stake in Alunorte alongside a 45% equity stake in Mineracao Rio do Norte S.A., securing low carbon and cost alumina units for our Marketing business. In copper, we acquired the remaining 56.25% interest in the MARA brownfield copper project in Argentina that we did not already own, as well as the balance of Polymet shares (c.18%). Polymet formed a 50:50 JV with Teck, establishing the New Range Copper Nickel venture in Minnesota. These additions, along with a near doubling of El Pachon's resource, added more than 5 billion tonnes of resource to our copper resource inventory in 2023."While we continue to remain focused on operating safely, responsibly and ethically and creating sustainable long-term value for all our stakeholders, the strength of our diversified business model, across industrial and marketing, focusing on metals and energy, has again in 2023 proved itself adept in a range of market conditions."US$ million
Posted at 09/2/2024 07:37 by backmarker
One factor weighing on the share price may be the expectation of a lower dividend this year.I'm not sure if GLEN is regarded as an income stock but if so I can imagine that income funds may be reducing their holdings and rotating GLEN out.
Posted at 08/2/2024 12:40 by backmarker
The 400 support area is long standing. So it's critical this holds or we might be going further down.The hope must be we will bounce and head back to the 480 resistance area.I haven't been following GLEN for long, but it seems to me to be a bit boring. But being stodgy can be good, particularly if the share price is at the bottom of the channel. I would prefer a higher dividend, and the expectation for this year seems to be for it to be less than last year..If I have understood correctly then fair value for this share is at least 450-500.So I rate it a Hold unless there is a serious break lower.
Posted at 29/1/2024 16:05 by kenmitch
Here’s the site for accurate information on dividends:-



The above link takes you to the Glencore page. If ADVFN block it just Google “dividend data,” and then enter GLEN in the box.

The above site is updated immediately a dividend is announced.

As you can see Glen paid 40p last year. It will probably be less this year but again as the above link shows, the current dividend yield is over 7% and more than twice covered.

For dividend pay dates just click on the appropriate heading! Saves ALL these questions about the dividend! Another very obvious source are the Results updates from Glen which normally include information about the next dividend and sometimes dividend policy.
Posted at 29/1/2024 13:58 by petersinthemarket
Still don't understand how such a low yield can be justified, but FWIW I did find this:

9 December, 2023: MotleyFool 2024 Forecast: ''Finally, we have Glencore, which is currently forecast to pay out 23.3 cents per share for 2024. That equates to a yield of about 4.1% at today’s share price and exchange rate – the lowest of the three commodity companies. [BHP, GLEN, RIO] Earnings are expected to come in at 50 cents, giving a dividend coverage ratio of about two, which is healthy. Now, one thing to understand about Glencore is that it’s both a miner and a commodity trader. So there’s an extra layer of risk here. Not only do investors face traditional mining risks (eg lower commodity prices, operational setbacks, etc) but they also face trading risk. If the company was to rack up a stack of losses from trading, investors could lose out.''

I hold for yield and expect a more acceptable outcome.
Posted at 19/1/2024 07:13 by wallywoo
BHP talking about writing down the value of their nickel assets, following the recent nickel price levels.That seems to be the reason why Glen are under pressure. All storm in a teacup imho.Keep the faith the share price will recover imho.
Posted at 04/1/2024 22:49 by uncertain times
Breaking news on the GLEN share price. It is going to go up, down or trend sideways and you heard it here first.
Posted at 14/11/2023 10:54 by sundial1
Glencore has set the clock-ticking on a break -up of its giant commodities business after clinching a $9bn deal for the coal division of Canada's Teck resources
The Swiss mining and trading house on Tuesday said it planned to merge Teck's steel making coal assets before spinning off the combined unit within two years of completing the acquisition
Such a demerger would create separate Glencore coal and metals companies which the company says will create more value for shareholders of both businesses
The coal deal marks the end of Glencore's long and fractious pursuit of Teck ,which began in April when it made an unsolicited $23bn bid for the whole of the company
The decision to return for the coal business underlines Glencore chief executive executive Gary Nagle's conviction that the heavily polluting fossil fuel still has a significant role to play in meeting the world's energy and infrastructure needs
Glencore has agreed to pay $6.9bn in cash for a 77 per cent stake in Teck's industry .
Glencore reiterated it intends to demerge the combined business within 24 months of the Teck deal closing
Following the spin-off which would have to be approved by the share holders Glencore intends to list the enlarged coal business in New York with secondary listings in Toronto and johannesburg .
The investors in the us are very eager to buy this cash-yielding company and we believe we would get a better valulation for the business in New York than we would in London
Glencore's vast metals operations would remain in London.it is not clear where Glencore's profitable energy trading division would sit he added.
Posted at 15/9/2023 14:17 by waldron
Angela Harmantas

Glencore likely to acquire Teck's metallurgical coal assets by end of 2023

Published: 14:52 15 Sep 2023

Glencore PLC - Glencore poised to acquire Teck's metallurgical coal assets by end of 2023 amid coal price surge

Glencore PLC (LSE:GLEN) could be the proud owner of Teck Resources Ltd (TSX:TECK.B)'s metallurgical coal assets by the end of 2023, according to analysts.

The much fraught deal, announced earlier this year, has gone through multiple offers and counteroffers, with Teck initially rebuffing Glencore’s advances to acquire the company outright.
Glencore share price data is direct from the London Stock Exchange

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