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GLEN Glencore Plc

3.85 (0.85%)
08 Dec 2023 - 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
  3.85 0.85% 457.40 34,073,333 16:35:25
Bid Price Offer Price High Price Low Price Open Price
458.20 458.50 462.85 449.15 451.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec USD 255.98B USD 17.32B USD 1.3971 3.28 56.81B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:25 O 9,000 457.416 GBX

Glencore (GLEN) Latest News (3)

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GLEN is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 

Glencore (GLEN) Discussions and Chat

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Date Time Title Posts
08/12/202319:42Glencore Xstrata10,212
18/10/202315:06Glencore International - A global player15,412
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
2023-12-08 18:28:25457.429,00041,167.44O
2023-12-08 18:12:15455.951,9859,050.67O
2023-12-08 18:12:15455.951,9478,877.37O
2023-12-08 18:12:15455.953,66716,719.80O
2023-12-08 18:12:15455.764,42520,167.56O

Glencore (GLEN) Top Chat Posts

Top Posts
Posted at 09/12/2023 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 453.55p.
Glencore currently has 12,396,823,000 shares in issue. The market capitalisation of Glencore is £56,814,639,809.
Glencore has a price to earnings ratio (PE ratio) of 3.28.
This morning GLEN shares opened at 451.50p
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 is not clear where Glencore's profitable energy trading division would sit he added.
Posted at 08/11/2023 19:36 by sundial1
copper related to share price .it will be around the lowest around here, related to demand from the needs of china .share price will more positive end of month
Posted at 08/11/2023 10:45 by 84stewart
By end of month Glen will if they keep buying own shares will have Amassed around1.35bln shares in treasury which could be returned to shareholders in a 1 for 10 with around 90mln to spare will it happen no,so why hold them (1)safeguard against a unwanted T/O never happen (2)as a bargaining tool to buy another company possible (3)just taking advantage of low price possible ,but offloading that amount would cause price drop (4) could cancel them which would /should increase share price ,clarification would be nice.
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.
Posted at 01/9/2023 06:29 by multibagger
Times article this morning on Glencore

Almost 200 funds including Fidelity, Abrdn and HSBC have joined lawsuits against Glencore, accusing the commodities group of inflicting losses on investors by allegedly lying to cover up corruption.

The claims by shareholders, whose holdings in the FTSE 100 mining and trading group total more than £3.7 billion, were filed in the High Court last year after Glencore admitted a string of bribery offences, but the particulars of the allegations and names of participating investors have only just become available.

New filings lodged this summer detailing the claims allege that the investors “suffered loss” because of “untrue statements” and omissions from Glencore’s stock market prospectuses for its 2011 listing and its 2013 merger with Xstrata, the Financial Times reported. It said the claims related to Glencore’s alleged “failure to disclose that bribery, corruption and fraud was prevalent in the business activities of key operating subsidiaries”.

Those suing Glencore also include Royal London, Vanguard and Invesco, the investment groups. There are claims from the Kuwait Investment Authority and Norges Bank, the central bank of Norway, and from pension funds including those of British Airways, BP, Shell and Greater Manchester.

Glencore declined to comment and has yet to file its defence to the claims.
The company is based in Switzerland but is listed in London and has a market capitalisation of about £52 billion. As well as mining coal, copper and cobalt, it is one of the world’s biggest commodities traders and reported record net profits of $17.3 billion in 2022.

Glencore disclosed in 2018 that it was under scrutiny from authorities in the United States over compliance with corruption laws. The investigation, which expanded to encompass several jurisdictions, was seen as a significant overhang on its share price for several years. In February last year Glencore’s shares rallied as it set aside $1.5 billion to settle investigations in America, Britain and Brazil, subsequently admitting bribery offences around the world.

American prosecutors said bribery was “built into the corporate culture” at Glencore and that the group had paid more than $100 million in bribes in South America and Africa through a “decade-long scheme to bribe foreign officials in seven different countries”. Glencore also admitted manipulating prices at two of America’s biggest fuel oil markets over eight years. Last November it settled corruption claims in the Democratic Republic of Congo.

Despite the corruption fines, investors appeared relieved at the certainty over the scale of the penalties and the conclusion of the cases.

The claims in the High Court case are said to centre on bribery schemes in Glencore’s oil trading business and the fuel price manipulation in America, both of which it pleaded guilty to last year, as well as alleged bribery in the Democratic Republic of Congo.

Glencore shares fell 17¼p, or 3.9 per cent, to 421½p yesterday as the stock traded ex-dividend.
Posted at 30/8/2023 12:06 by wallywoo
Spud, ii's insistence that for companies that pay dividends in $ and gbp (like Glen, cey etc), that they only accept in $ (and charge to transfer and at a poor exchange rate) is one of the main reasons I switched to IG. I remember complaining about a cey dividend, got a snotty reply, and switched.

They always take the dividends in £ (if the share offers it). They also charge no fee's if you trade a few times a month (I always trade 3 times min a month and pay just £3 per trade). Plus a much superior trading platform. Saves me lots in commission, monthly fee's and better execution from a better broker.

Just my experience!

Can't see the share price dropping below 415 over the next few weeks (after xd). Sept to March should be a good time for metal prices, and help Glen back to 500p. But wtfdik!
Posted at 28/8/2023 06:05 by leoneobull
No idea of veracity of this post on LSE...Reversal WaveToday 00:08We could see a reversal wave of mining and energy share prices this week (Tuesday for LSE) because of few fundamental factors: 1. Going exdividend on Thursday 2. Fed Reserve was modestly hawkish on inflation. 3. Collapse of a government coal mine in Vietnam. 4. Louisiana oil refinery fire. 5. An oil leakage in one of Iranian pipe line in the Gulf. Share price of Glencor could reach £475p. If other factors remain the same. imo.
Posted at 21/8/2023 12:29 by wallywoo
At this share price, glen shares will be well under 400p when they go xd on the 31/8.

So is that likely? 400p is a major resistance/support area over many years.

I think they will bounce not fall from these levels, for the following reasons;

1, balance sheet strength/very little debt

2, commodities still have strong prices historically. They have fallen from 2022 levels but are still much higher than pre 2020 levels. Eg even coal is at $150 a tonne now, roughly the 2021 average price.

3, this is no value trap. Assets are numerous and with fiat currency demise will prove a good hedge over coming years.

4, over 5/6 years of share buybacks gives a much smaller total number in circulation. Makes future pe ratios more attractive too. Rsi index looking over sold too.

So buy now take the 23.5p dividend. The share price will be back at 450 before long imho.
Posted at 14/8/2023 18:50 by zam1
I did expect August low volumes will affect share price as it has.I am still watching for the right price next dividend 8p ex div 31st August this gives you 4.25 share price I wonder where it will bottom I think £4.10 should
Posted at 08/8/2023 09:49 by garycook
Monty,Your hardwork read the results ! Glencore Dividend Dates
Upcoming GLEN Ex-Dividend Dates

EPIC Name Market Share Price Dividend Type Div Impact Declaration Date Ex-Dividend Date Payment Date
GLEN Glencore FTSE 100 456.7p $0.22 Interim 2 3.77% 15-Feb-23GLEN 15-Feb-23 Dividend Announcement 31-Aug-23 22-Sep-23
GLEN Glencore FTSE 100 456.7p $0.08 Special 1.37% 08-Aug-23GLEN 08-Aug-23 Dividend Announcement 31-Aug-23 22-Sep-23
Glencore share price data is direct from the London Stock Exchange

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