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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
  -1.25p -0.40% 308.85p 21,324,612 16:10:06
Bid Price Offer Price High Price Low Price Open Price
308.85p 308.90p 313.80p 308.25p 310.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 172,322.29 3,669.08 18.82 17.0 43,231.9

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Date Time Title Posts
25/3/201917:13Glencore Xstrata780
22/3/201906:19Glencore International - A global player15,395
22/9/201617:38Analysts' View on Glencore (GLEN)-
02/2/201615:29GLENCORE INTERNATIONAL PLC: Jon's Bear Club500
27/11/201514:24To Buy some GLEN3

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16:10:05308.851,8995,865.06AT
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16:10:03308.852,6938,317.33AT
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DateSubject
26/3/2019
08:20
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 310.10p.
Glencore has a 4 week average price of 293p and a 12 week average price of 268.40p.
The 1 year high share price is 409.80p while the 1 year low share price is currently 268.35p.
There are currently 13,997,689,568 shares in issue and the average daily traded volume is 36,141,140 shares. The market capitalisation of Glencore is £43,224,865,385.98.
04/3/2019
13:18
grupo guitarlumber: Https://www.cmcmarkets.com/en-gb/opto/glencore-glen-share-price-set-to-profit-from-energy-storage-boom Glencore [GLEN] share price set to profit from energy storage boom Analysts are hot on Swiss mining behemoth, Glencore, with a majority holding ‘buy’ ratings on the stock as it increases its production of minerals used in electric batteries. By Opto 04 Mar 2019, 08:50 GMT With a $54bn market cap and $8.3bn in profits for the first-half of 2018, Glencore [GLEN] is the largest mining company in the world by revenue. The firm’s share price has had a solid start to 2019, gaining over 10%. However, it is currently trading 25% off its 2018 high reached in January. After an initial upwards sprint at the start of last year, despite some fluctuations, H1 was largely consistent for the stock. Powered by CMC Markets, as at 01 March 2019 But things changed in July 2018 after the mining giant was hit by a money laundering probe from the US Department of Justice, sending its share price south by as much as 19% over the week ensuing. The company was dragged into the Brazilian car wash investigation by the end of the year as well. In an effort to keep investors and traders on side, Glencore switched its focus from deal making to a share buyback programme that saw it repurchase up to $1bn of stock in July and, another $1bn in December. Its dividend also tripled year-on-year, rising to $0.10 for both halves of 2018. $0.10 Glencore dividend in both halves of 2018 The decline in the company’s share price has meant that the stock currently offers a forward dividend yield of 5.26% and a price to earnings ratio of 6.91, which is attracting the attention of analysts with 12 out of 22 financial institutions holding ‘buy’ ratings for the stock. Since its IPO of 531.10p in 2011, Glencore’s share price has fallen 41%, it trades at 307.00p (at the time of writing). Oil and gas underpin earnings growth The massive price swings and oversupply warnings in oil impacted Glencore’s crude production in 2018, as it fell by 8% to 4.6 million barrels. Coal production meanwhile was 7% higher than in 2017 at 129.4 million tonnes. The global commodities market as a whole was the best performing asset class in 2018 after oil prices were slashed. Commodity prices particularly rallied when the US Federal Reserve signalled a slowing of interest rate rises and a lowered risk of recession, pushing Goldman Sachs towards an ‘overweight’ rating for the sector. Goldman also said European commodities and mining equities were “attractively positioned,” expecting a 10% rate of return in 2019. However, the suspense over the US-China trade talks continues to affect oil markets in the run up to 1 March. 10% Goldman's expected rate of return for European commodities and mining equities in 2019 “Resumption of the US-China trade talks has prompted risk-appetite in financial markets, which has also manifested in oil prices gaining strength,” Abhishek Kumar, analyst at Interfax Energy, said. “Nevertheless, there needs to be a tangible outcome from the talks for a sustained rally in prices.” Glencore plans to capitalise on battery mineral growth Recently, Glencore has begun targeting the renewable energy trend in electric vehicles as a key growth driver. Rapid advances in battery chemistry and tumbling prices has seen the energy-storage market boom. The market is expected to attract $620bn in investment over the next 22 years. Glencore is working to position itself as a core supplier. Rechargeable batteries used in electric vehicles are primarily made up of nickel and zinc, which increased in production by 13% and 2% respectively in 2018. The company expects 25%, 30% and 133% growth by 2020 in its copper, nickel and cobalt production respectively. Glencore’s wider mining production meanwhile for 2018 saw copper 11% higher than in 2017, due to its Democratic Republic of Congo operations recommencing, which had a knock-on effect with its cobalt production that soared 54% higher than 2017 – the highest increase out of all its mineral sources. Market cap £42.07bn PE ratio (TTM) 12.76 EPS (TTM) 24.00 Payout ratio 83.81% Glencore stock vitals, Yahoo finance, as at 1 March 2019 Changing of the old guard CEO Ivan Glasenberg, who helped make the company into a dominant force in commodities trading while also becoming the face of the industry, is set to retire in the next three to five years. The exit of Glasenberg will mark a generational shift at the top as he looks for a younger CEO to take his spot. The leadership upheaval also signifies the company’s changing face as it transitions into new areas in a bid to attract new growth and a stronger share price performance.
02/1/2019
11:31
la forge: Financial Survey: GLENCORE PLC/ADR (GLNCY) versus China Oilfield Services (OTCMKTS:CHOLY) Posted by Darrell McKinsey on Jan 2nd, 2019 inShare GLENCORE PLC/ADR (OTCMKTS:GLNCY) and China Oilfield Services (OTCMKTS:CHOLY) are both basic materials companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, risk, earnings, analyst recommendations and profitability. Valuation & Earnings Get GLENCORE PLC/ADR alerts: This table compares GLENCORE PLC/ADR and China Oilfield Services’ top-line revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio GLENCORE PLC/ADR $205.48 billion 0.25 $5.78 billion $0.78 9.28 China Oilfield Services $2.57 billion 0.60 $4.89 million $0.02 850.50 GLENCORE PLC/ADR has higher revenue and earnings than China Oilfield Services. GLENCORE PLC/ADR is trading at a lower price-to-earnings ratio than China Oilfield Services, indicating that it is currently the more affordable of the two stocks. Dividends GLENCORE PLC/ADR pays an annual dividend of $0.34 per share and has a dividend yield of 4.7%. China Oilfield Services pays an annual dividend of $0.15 per share and has a dividend yield of 0.9%. GLENCORE PLC/ADR pays out 43.6% of its earnings in the form of a dividend. China Oilfield Services pays out 750.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. GLENCORE PLC/ADR is clearly the better dividend stock, given its higher yield and lower payout ratio. Analyst Ratings This is a breakdown of current ratings and recommmendations for GLENCORE PLC/ADR and China Oilfield Services, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score GLENCORE PLC/ADR 0 2 6 0 2.75 China Oilfield Services 0 0 1 0 3.00 Institutional & Insider Ownership 0.1% of GLENCORE PLC/ADR shares are held by institutional investors. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth. Profitability This table compares GLENCORE PLC/ADR and China Oilfield Services’ net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets GLENCORE PLC/ADR N/A N/A N/A China Oilfield Services -0.59% -0.33% -0.16% Risk and Volatility GLENCORE PLC/ADR has a beta of 2.06, suggesting that its share price is 106% more volatile than the S&P 500. Comparatively, China Oilfield Services has a beta of 1.02, suggesting that its share price is 2% more volatile than the S&P 500. Summary GLENCORE PLC/ADR beats China Oilfield Services on 11 of the 14 factors compared between the two stocks. GLENCORE PLC/ADR Company Profile GLENCORE PLC/ADR logoGlencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore. The Energy Products segment activities include coal mining and oil production operations covering crude oil, oil products, steam coal, and metallurgical coal; and investments in ports, vessels, and storage facilities. The Agricultural Products segment engages in the storage, handling, processing, and port facilities of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton, and sugar. Glencore plc markets and delivers physical commodities sourced from third party producers and its production to industrial consumers in the automotive, steel, power generation, oil, and food processing industries. The company was formerly known as Glencore Xstrata plc and changed its name to Glencore plc in May 2014. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland. China Oilfield Services Company Profile China Oilfield Services logoChina Oilfield Services Limited, together with its subsidiaries, provides integrated offshore oilfield services in Mainland China and internationally. The company operates through four segments: Drilling Services, Well Services, Marine Support Services, and Geophysical and Surveying Services. The Drilling Services segment provides drilling, module rigs, land drilling rigs, and drilling rigs management services. As of December 31, 2017, it operated and managed a total of 43 drilling rigs, including 32 jackup drilling rigs and 11 semi-submersible drilling rigs; 3 accommodation rigs; and 5 module rigs. The Well Services segment offers onshore and offshore well services, including logging, drilling and completion fluids, directional drilling, cementing, well completion and workover, stimulation, etc. The Marine Support Services segment owns and operates offshore vessels that provide services for offshore oil and gas fields exploration, development, construction, and production. This segment also offers anchor handling for various water level, towing of drilling rigs/engineering barges, oil lifting, offshore transportation, standby, firefighting, rescue, oil spill assisting, and other marine support services. It operates and manages approximately 130 vessels, including AHTS vessels, platform supply vessels, and oilfield standby vessels. The Geophysical and Surveying Services segment provides offshore seismic acquisition, offshore geo-surveying, seismic data processing and interpretation, and underwater engineering services. It owns five towing streamer seismic vessels, one professional source vessel professional source vessel, two undersea cable team, five integrated marine surveying vessels, and two support vessels. China Oilfield Services Limited also issues bonds. The company is based in Beijing, China. China Oilfield Services Limited is a subsidiary of China National Offshore Oil Corporation. Receive News & Ratings for GLENCORE PLC/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GLENCORE PLC/ADR and related companies with MarketBeat.com's FREE daily email newsletter.
31/12/2018
14:34
maywillow: Does Glencore PLC have a bright investment outlook? Could Glencore PLC (LON:GLEN) (GLEN.L) deliver an improving share price performance? December 31, 2018 Robert Stephens Glencore (LON:GLEN) Glencore PLC Glencore PLC The prospects for resources stocks such as Glencore PLC (LON:GLEN) (GLEN.L) could be relatively uncertain in my view. The stock has experienced a challenging number of months, with its share price declining by 26% during the course of 2018. In the near term, I wouldn’t be surprised if there is continued volatility for the stock. The US interest rate is expected to rise three times next year according to my research, and this could put a number of resources shares under pressure. A higher US interest rate could make commodities that are priced in dollars more expensive, and this may impact negatively on demand over the medium term. Following its share price fall, Glencore now has a single-digit P/E ratio. This suggests to me that it may offer good value for money and could have recovery potential over the long run. I believe that its exposure to the raw materials that are used in the manufacture of electric vehicles could provide it with a tailwind in future years. Demand for cleaner methods of transportation could increase, and this could offer a growth area for the business. Alongside this, Glencore has improved its balance sheet in recent years according to my research. It has been able to reduce debt levels and cut costs. These measures could lead to improving financial prospects over future years in an era where a tighter US monetary policy may put pressure on the wider resources industry. Therefore, while potentially volatile in the near term, I believe that the company could offer long-term investment potential. It appears to have a sound strategy which has focused on improving its financial strength, while also investing in potential growth areas. Following its share price fall, it now seems to offer a margin of safety. As a result, I’m cautiously optimistic about its prospects over future years. About Robert Stephens 5214 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email info@investomania.co.uk or use one of the other contact methods available on the 'Contact Us' page
22/11/2018
08:41
maywillow: Is Glencore PLC’s share price set for further volatility? Could Glencore PLC (LON:GLEN) (GLEN.L) experience further uncertainty? November 22, 2018 Robert Stephens Glencore (LON:GLEN) Glencore PLC Glencore PLC This year has been a relatively challenging one for the Glencore PLC (LON:GLEN) (GLEN.L) share price. It has fallen by £1 per share, with it starting the year at £3.95 and now trading at £2.95. In my view, there could be further volatility ahead for the stock, with investors seemingly uncertain about the prospects for the world economy. This seems to have been prompted by the threat of rising US interest rates, which could reduce demand for commodities in future and also cause a slowdown in growth in the world economy. Alongside this, further tariffs cannot be ruled out. They could lead to pressure on the rate of global GDP growth over the medium term, which may cause investor sentiment towards the resources sector to decline to some degree. As well as external challenges, Glencore may also face regulatory risks. They could hold back its share price prospects, although the stock’s P/E ratio of around 8 indicates that it may already have a margin of safety factored into its share price. Given its relatively low valuation, I believe that the company may offer long-term investment potential. In the short run, it could experience further challenges, but I believe that the cost-reduction and debt-reduction strategies that have been pursued in recent years may have created a stronger business that is better able to cope with a volatile wider commodities market. Therefore, while I think that Glencore faces continued risks which may lead to further volatility, I am also of the view that it could offer good value for money at the moment. It is forecast to post modest EPS growth next year, and this could help to improve investor sentiment to at least some degree. As someone who is generally bullish about the outlook for the resources industry, I’m optimistic about the stock’s long-term outlook. However, I think its period of heightened volatility may not yet be over. About Robert Stephens 4928 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email info@investomania.co.uk or use one of the other contact methods available on the 'Contact Us' page
05/11/2018
15:58
the grumpy old men: Investomania Home Investing Articles FTSE 100 Lloyds Share Price BT Share Price Could Glencore PLC outperform the FTSE 100? Does Glencore PLC (LON:GLEN) (GLEN.L) offer stronger investment prospects than the FTSE 100 (INDEXFTSE:UKX)? November 5, 2018 Robert Stephens Glencore (LON:GLEN) Glencore PLC Glencore PLC The prospects for the Glencore PLC (LON:GLEN) (GLEN.L) share price may appear to be relatively uncertain at the moment. The company’s valuation has come under pressure in recent months, with fears surrounding the outlook for the world economy being a key reason for this in my view. Investors seem to be worried about the potential for further tariffs on imports from major economies such as the US and China. Alongside this, a higher US interest rate could be ahead as a result of strong GDP growth. This could lead to a stronger dollar, which could reduce demand for commodities across the globe. Glencore also faces regulatory risk in my view. The company may therefore face a challenging outlook, and I wouldn’t be surprised if its share price remains volatile over the coming months. Of course, the company now seems to be in a stronger financial position than it was a number of years ago. According to my research it has been able to reduce debt and cut costs, as well as follow through with an asset disposal programme. This seems to have put the company in a stronger position to cope with the ups-and-downs that seem to be a major part of the resources industry. Since the Glencore share price has fallen heavily in recent months, it now has a single-digit P/E ratio and a dividend yield that is approaching 6%. These figures could make it relatively attractive in my view, and may lead to scope for a higher share price over the long run. I remain relatively optimistic about the wider resources industry and the world economy’s outlook. Although there are risks, and volatility could be high, I feel that there remains growth potential which could lead to growing demand for a range of commodities. Therefore, I think the stock could beat the FTSE 100 in the long run, but it may experience further challenges in the short term. About Robert Stephens 4760 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email info@investomania.co.uk or use one of the other contact methods available on the 'Contact Us' page
23/10/2018
13:14
foxy22: Laforge that piece is quite concerningAnd seems to forebode further possible pressure on glen share price.The us could be quite relentless in their investigation....and glen might not be completely in the clear!
23/10/2018
12:59
la forge: Are further share price falls ahead for Glencore PLC? Could Glencore PLC (LON:GLEN) (GLEN.L) experience further challenges? October 23, 2018 Robert Stephens Glencore (LON:GLEN) Glencore PLC Glencore PLC The performance of the Glencore PLC (LON:GLEN) (GLEN.L) share price has been disappointing in recent months. The mining company’s valuation has fallen by over 20% since the start of the year. One reason for this could be the uncertainty which the world economy is currently facing. There are fears that a stronger dollar could slow down the US economy, which could have a knock-on effect on the rest of the global economy. It could cause challenges in emerging markets due to the debt that they currently have after a long period of an expansive monetary policy. A higher US interest rate may also support a stronger dollar. This in itself may cause demand for commodities to fall, while the prospect of further tariffs being put in place may also have caused investors to become concerned about the prospects for the wider industry. There may also be regulatory risks holding back the Glencore share price. And in the near term, these factors could continue to weigh on its performance in my view. As a result, I wouldn’t be surprised if its market value comes under further pressure in the coming months. The company, though, seems to have made progress with its strategy in my opinion over the last few years. It now has a stronger balance sheet than it used to, with cash flow also improving as a result of various cost-saving initiatives. This could help the company to perform better in future, with volatile commodity price rises likely to be a key part of the industry in the coming years. With Glencore now having a dividend yield of almost 6% and a P/E ratio of around 9, I think that the company could offer good value for money versus the FTSE 100. While not the most stable or resilient of stocks due to its reliance on commodity prices, I feel that its share price fall has improved its risk to reward ratio for the long term. About Robert Stephens 4644 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email info@investomania.co.uk or use one of the other contact methods available on the 'Contact Us' page
22/10/2018
09:50
maywillow: 4 resources shares with growth potential? BP plc, Glencore PLC, Premier Oil PLC and Royal Dutch Shell Plc Do these stocks offer improving investment outlooks? BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Premier Oil PLC (LON:PMO) (PMO.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) October 22, 2018 Robert Stephens FTSE 100 Royal Dutch Shell Plc Royal Dutch Shell Plc The long-term prospects for the resources industry are relatively bright in my view, and that’s why I’m taking a closer look at BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Premier Oil PLC (LON:PMO) (PMO.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L). BP could benefit from further rises in the oil price in my opinion. Geopolitical tension in countries such as Iran and Venezuela could lead to supply disruption, and this may mean that the oil price has further upside potential. With BP’s share price having a P/E of around 14, I think that it could offer good value for money. A dividend yield of 5.5% suggests to me that it may offer income potential, as well as capital growth prospects over the long run. Premier Oil may also benefit from a higher oil price. The company has been able to become increasingly efficient in recent years, and this is expected to help improve its cash flow in the second half of the year. Higher cash flow could be used to reduce debt levels and create a more sustainable business. With the company’s P/E ratio of around 6 suggesting to me that there may be a margin of safety on offer, I’m optimistic about the outlook for the Premier Oil share price. Glencore’s recent share price performance has been disappointing. Investors may be concerned about the stronger dollar, or by the regulatory risks which the company faces. I’m optimistic about the long-term future for the world economy, though, and believe that demand for commodities could remain high. With Glencore having improved its balance sheet and efficiency in recent years and it having a single-digit P/E ratio, I think that it could have investment appeal. Shell’s balance sheet could be set to improve through planned debt reduction, as well as an asset disposal programme. The FTSE 100 company may be able to strengthen its long-term outlook, while also increasing free cash flow over the next couple of years. With a dividend yield of over 5%, I feel that there could be further upside potential for the Shell share price. With a large and diverse asset base, I believe it could offer a sound risk to reward ratio. About Robert Stephens 4627 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email info@investomania.co.uk or use one of the other contact methods available on the 'Contact Us' page
16/10/2018
08:37
la forge: What could the future hold for Aviva plc, Glencore PLC, Vodafone Group plc and Royal Dutch Shell Plc? Do these shares offer bright investment outlooks? Aviva plc (LON:AV) (AV.L), Glencore PLC (LON:GLEN) (GLEN.L), Vodafone Group plc (LON:VOD) (VOD.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) October 16, 2018 Robert Stephens FTSE 100 Royal Dutch Shell Plc Royal Dutch Shell Plc The investment prospects of Aviva plc (LON:AV) (AV.L), Glencore PLC (LON:GLEN) (GLEN.L), Vodafone Group plc (LON:VOD) (VOD.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) appear to be relatively bright in my view. Aviva is currently searching for a new CEO, which could create a degree of instability in the short run. However, with what seems to be a sound business model following its restructuring of recent years, I feel it could generate improving financial performance. With acquisitions set to be ahead alongside further investment in fast-growing markets, I believe that the Aviva share price could offer good value for money on a dividend yield of around 6%. Glencore’s recent share price falls could continue in the short run. Investor sentiment appears to be weak, and this trend could continue as fears surrounding regulatory risks continue. However, with a single-digit P/E ratio and what seems to be an improving business model, I’m upbeat about the outlook for the Glencore share price. With the world economy continuing to grow relatively quickly, I think it could benefit from a buoyant commodity marketplace. Vodafone’s share price fall has been disappointing in recent months. The company’s stock price has come under pressure as investors have become concerned about the level of investment required by the business. While this could hold back its performance in the near term, over the long run I believe that the FTSE 100 stock could offer upside potential. Vodafone has a 7%+ dividend yield and with acquisitions having been made recently, its EPS growth rate could improve over the next few years. Shell’s dividend yield continues to be relatively attractive in my view – even after its share price has performed relatively well in recent months. With a 5.5%+ dividend yield, the stock continues to have a yield that is around 150 basis points higher than the FTSE 100. Since I’m optimistic about the prospects for the oil price, I feel that Shell could offer upside potential, although volatility may be relatively high. About Robert Stephens 4577 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email info@investomania.co.uk or use one of the other contact methods available on the 'Contact Us' page
12/10/2018
21:46
sarkasm: Can Glencore PLC recover after 20% share price fall? Does Glencore PLC (LON:GLEN) (GLEN.L) have turnaround potential? October 11, 2018 Robert Stephens Glencore (LON:GLEN) Glencore PLC Glencore PLC Since the start of the year, the Glencore PLC (LON:GLEN) (GLEN.L) share price has fallen by around 20%. That’s a disappointing performance, with investors becoming uncertain about the regulatory risk facing the company. Of course, a stronger dollar may also have helped peg back the performance of the company’s stock price. This could have reduced demand for commodities across the globe, and this trend could continue as US interest rates are forecast to rise. In my view, the prospects for the Glencore share price may therefore be uncertain. I wouldn’t be surprised if there is further volatility ahead in the near term, which may lead to additional disappointment for the company’s investors. That said, the valuation of the stock now appears to be relatively low. It has a P/E ratio of around 9 according to my calculations, and this suggests that there could be a margin of safety on offer. Given the strength of the world economy’s growth rate, this could mean that the stock has investment appeal in my opinion. Glencore has been able to improve its business model in recent years to my mind. It has reduced debt and also cut costs in order to make itself more efficient. This could lead to a stronger financial outlook for the business, and it may prove to be more resilient during periods of heightened volatility for the wider resources industry. With the stock having a dividend yield in excess of 5%, I think that it could offer income investing appeal. Although it is riskier and more volatile than many FTSE 100 dividend stocks, in the long run the total returns which may be available could prove to be relatively sound. Therefore, while its performance in 2018 has been disappointing, the long-term recovery potential for the business remains sound in my view. Its shares may fall further in the near term, but could offer turnaround potential in the coming years. About Robert Stephens 4553 Articles Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email info@investomania.co.uk or use one of the other contact methods available on the 'Contact Us' page
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