Xstrata Share Discussion Threads

[wattene] 05/11/2012 17:17

I haven't anything regarding a vote, only notification of the forthcoming meeting.

[redartbmud] 05/11/2012 16:17

Anyone with any info on the vote?
Hargreaves say I have to vote again, but the on-line system makes no provision.

Thanks.

red

[rallycry] 05/11/2012 12:57

If the vote on the 20th looks positive then expect the range to tighten up further. European commission appraisal on the 22nd Nov will also be a key date but preliminary murmering are of light concessions on Glencore's part to get this through. China will probably not stand in the way too much either as long as they see value in the merger of equals.

[noccer] 05/11/2012 12:11

Discount is due to uncertainty over the deal, which is not surprising given the way it has been handled.

"Hedge fund traders say the discount in the current spread to the share swap ratio offer is a reflection of uncertainty regarding when the transaction will close rather than whether it will close."

Liberum Capital said in a note last week that, "We maintain our view of 80% probability of deal success, and anticipate closure late 2012, early 2013."

[wkhan116] 02/11/2012 09:06

Arja. The fact that it is trading at a 2.8 ratio, do you think the anticipation is that glen will fall after the merger confirmation and that in turn will bring the ratio to 3.05? I would have liked if Xta just rose to the merger ratio :)

[wattene] 01/11/2012 08:44

Thanks for the correction Noccer - must admit that I was pleasantly surprised with how little GLEN had to rise for b/e. 421 is the right figure for my b/e. The zinc thing has been known for quite some time now, and I believe is sorted.....we will find out for sure at the end of the month. Having said that, this saga has been put back so many times before that nothing will surprise me. Still tracking 2.85.

[wattene] 29/10/2012 16:21

Confirmation of the 3.5 offer subject to meeting end of Nov - still tracking the 2.8 though!! If GLEN can get up to 3.65, then I will be a break even.

[arja] 26/10/2012 08:31

GLEN continues to drag XTA down and still near 2.8 ratio !

[troutman2] 19/10/2012 09:04

It did happen, weird stuff follows me around, always has, did I ever tell you when I was stationed in Al Piddi, it was so hot I was cooking bacon wrapped around the barrel of my rifle, well, mention it later as I,m out in a minute.
But to the point you made, I know China,s manufacturing cost have gone up, but there still much cheaper then the west, and that,s the rub, if you want mass production you go the cheapest quality route.
Another thing those sneeky Chinese will not let things get too Western in their country as they are still reds and control freaks, if the unions start flexing too much, thats if they have any ?, they,l just bring in the negotiating tool, a machine gun.
I wish that champagne socialist Bob Rook would go out there, the unions destroyed manufacturing in this country with their incessant paye demands, priced us out of the global markets, all we have now is retail.

[wattene] 18/10/2012 14:55

Trouty - hilarious man, you should be writing a script for some TV comedy instead of gardening:) Not to sure I agree though over China - UK companies are coming back to the UK for manufacturing as the Chinese now want higher wages!! Saw an article the other day and it was saying that the upwardly mobile young Chinese professionals wont buy the Chinese rip off brands, the want the real McCoy.......you have to laugh. At least we are back over £10, and we should have news before the end of Nov re the merger. Perhaps get my money back by 2014!!

[arja] 18/10/2012 10:38

yes, XTa motoring a bit following GLEN recovery . Hope there is more to come and might eventually trade based on 3.05 merger terms !

[wattene] 18/10/2012 08:13

Mostly good news coming out of China earlier this morning, so should help the miners.

[wkhan116] 17/10/2012 22:20

Broke out of a let trading range. Miners leading today. Let's see what tomorrow brings

[arja] 06/10/2012 20:36

hope so sport . i should be doing COVERED shorts with XTA at times to cut the cost of my "core" holding as always seem to retreat after a little intra-day run !

[wkhan116] 05/10/2012 16:57

Arja also coal stocks in USA rise a lot yesterday because of comments by mitt Romney. After the merger these two are due a rise in my opinion. Gl

[wkhan116] 05/10/2012 16:55

Haha. Thats what's keeping me in too. But the bad point about today was that the FTSE rose and this is pretty much flat and glen too. December 31st should be the latest we have to wait.

[arja] 05/10/2012 14:35

I am tempted to sell my re maining holding but keep thinking about the discount to new merger terms wkhan116! ( wry smile ).

[wkhan116] 05/10/2012 14:07

Arja. Exactly!

[arja] 05/10/2012 14:02

with RIO, BLT and other majors performing today it is sickening to see XTA languishing due to this bad perception on GLEN.

[wkhan116] 05/10/2012 13:04

Good points. With the rally today it looks like money going back into miners and "risky" shares. Hope the data due from USA doesn't ruin it. Glen is a trader, Xta a miner, with the merger, it should cut the barrier between the trader and the actual miner. So in the long term looking great. Good luck all.

[ninja 19] 05/10/2012 12:43

wkhan

it's not exactly to track Glen in a symmetrical manner.

Also, XTA is a high beta stock of 2.49, so it will move faster down or up, so if glen goes up or down by 1% it will approximate be 2.39X for XTA. For the time being it tracking Glen instead of Footsie.


it gets more complicated by the fact Glen is offering 3.05 share for each of XTA stock, so the tracking is complicated because xta has a beta of 2.39 and offer is 3.05X of glen share

[arja] 05/10/2012 12:21

wkhan116,
yes, the discount to new merger terms does vary and curently trading as if merger was at 2.83. I agree that GLEN chart support is about 320. have a nice weekend

[redartbmud] 05/10/2012 08:18

Watte

Yes, just lose some more.
At present I can't stop making bad calls on Anglo American share price movements.

red