Xstrata Share Discussion Threads

[wattene] 04/10/2012 19:47

C'mon boys.........forget the losses, tomoz is another day:)

[2bung] 04/10/2012 19:31

Thanks ninja, sorry to hear about your loss. Having a bad month myself, lost a fair few £ in AQP a while back.

[wkhan116] 04/10/2012 17:35

Arja. Good point. But it isn't exactly tracking glen, it falls more each time. Has to be something we don't know. This sector is usually the best performing when FTSE is up. But a twist in the trends. More likely that glen will fall to 320. I've lost a chunk on Xta. Fres and Kaz are much better. What do you guys think?

[wattene] 04/10/2012 16:16

There is still the Chinese who could put a spanner in the works, but I think the deal will go through.

[arja] 04/10/2012 15:25

but most resource stocks are struggling , eg. BLT and RIO. In oz too but the major banks there in a steady short term uptend .
Slight doubt that merger will proceed and worry that GLEN will dip further if merger goes through account for the discount I suppose .

[wkhan116] 04/10/2012 15:11

Glen should also be up. Or shouldn't it? The market has been up the last few days and these two are negative. Maybe because coal prices are very cheap.

[ninja 19] 04/10/2012 15:04

it's tracking glen, and also trading at discount

[wkhan116] 04/10/2012 14:53

Can somebody please explain why this is not going up! Or is there a particular hurdle between the deal. At the ratio glen offered. This should be above 1000p now.

[ninja 19] 04/10/2012 13:29

2bung and Arja

I emailed both of you

[arja] 04/10/2012 09:07

GLEN pulling XTA down again ! chart suggests GLEN might get as low as 320 .

[2bung] 02/10/2012 21:32

What shares are you looking at atm? RRS must be due a short soon?

Disgraceful behaviour between XTA & GLEN.

[2bung] 02/10/2012 21:01

Did you get burnt here ninja? Lost a few grand in this shambles myself.

[arja] 02/10/2012 14:58

inki ,
can not figure out what is meant in the final paragraph ? maybe it is too late in the day after watching the market ! ( smile ! ).

[lukeisbackontrack] 02/10/2012 13:17

Getting shakey

[inki] 02/10/2012 08:25

A well written viewpoint:
Lex in the Financial Times casts its eye over the long drawn-out Glencore/Xstrata saga and is not happy with Xstrata's behaviour.

Xstrata's management looks to have held investors to ransom with its veiled threat to leave, yet it was technically the board that wanted a retention package. The £140m at stake is a side show, but the fracas caused almost sank the deal. That it has taken Xstrata's panoply of fee-grabbing advisers and board so long to put investors first is a disgrace.

Will the merger happen, asks Lex. The market ratio is edging higher, and the reality is that Xstrata shareholders have more say under the current plan than they would if Glencore came back with a normal offer next year – by which time Glencore's balance sheet, the commodities cycle and Xstrata's board make-up are anyone's guess.

[2bung] 01/10/2012 10:05

what if glen TANKS

[ninja 19] 01/10/2012 09:28

For every 1% Glen goes up we will be up 3.05% from now on.


I suspect Glen heading to 360p, and it will be 1112p for XTA, but we will be still trading at a discount though till deal is sealed

[wattene] 01/10/2012 08:55

I think you're right there Rally about the deal going through. Anybody know what will be the cut off date for buying XTA shares? At least the city seem to approve of the news - looks like 1052 will be the 3.05 price.

[rallycry] 01/10/2012 08:14

Looks like this is happening. Obviously after discussions with all major shareholders they can see this going through with conditions. If after discussions it was negative then the offer would not have been approved as it would provide further egg on face for both companies.