Xstrata Share Discussion Threads

[troutman2] 04/12/2012 14:00

I HAVE A DREAMMMMMM
THAT ONE DAY LITTLE SHARES LIKE THIS WILL BE BIGGGGG SHARES
AND WILL NOT BE JUDGED BY THE CONTENT OF THEIR GRASPING MANAGEMENT.
BUT BY THE INPUT OF THEIR SHAREHOLDERS, .
YES, I HAVE A DREAMMM TODAY.

Yep, just wishful thinking ?, but looking forward to the finishing touches to this tie up.
I mean, the fourth biggest miner and commodity trader, cannot be a mere 5 quid, this share will have wings once China ups their manufacturing, seen some good news of late in that area, hope it last.
50 squid this time next year, or am I dreaming ?.
Watty you still holding ?.
Had a punt in spread betting, first two trades up, no loses, but only made two trades.

[arja] 30/11/2012 19:16

almost best performing resource stock as GLEN dragged it up for a change !

[careful] 30/11/2012 13:28

glencore are traders as well as owners.
but that $120bn turnover is eye watering.

[careful] 30/11/2012 13:23

a letter from my bank today.
informing me that shareholders will have their xta holdings replaced by glencore shares on the ratio 3.05/1.
they will keep me informed of any further developments.

..it is getting closer.
i will take the glen shares.
they trade and deal in other commodities such as corn etc.

recent talk about diversification intrigues me.
this could become a very interesting long term ride.

[wattene] 29/11/2012 16:59

Nah! Still here but the merger just drags on, and on, and ........... C'mon China, start building again, and lets back to 50 pips a day movement.

[bikeaholic] 29/11/2012 16:13

Have you all migrated to GLEN?

[ch1ck] 23/11/2012 13:23

best you read the offer doc as yuo will have more questions I am sure

[umitw] 23/11/2012 12:21

Thank you for your reply Ch1ck, I should have bought more @ 1013p this morning then!! -:)
Is the price multiples of 3.05 fixed to any particular date, or current share price?

[ch1ck] 23/11/2012 10:03

IMOP

I see this as an excelent entry point if you have a 5 year plus view. I have bought XTA and Glencore shares along with Eurasian. Up to the point of the merger and XTA share transfer to GLEN I see XTA shares as the better buy as you will get 3.05 Glen shares. Glen=341p = XTA price of 1040 currently 1019.

The combined Company will become a main player in the market and hence rise in share price provided the comodity markets rise, this is open to debate short tearm but one thing is sure it will rise in time.

For me the hottest play at the moment is ENRC low price, new management roles and possible target for a number of companies and div.

[umitw] 23/11/2012 09:27

What will be the effects of the merger for the investors guys?

[careful] 22/11/2012 08:31

dt report that euro anti trust about to agree merger.

[ch1ck] 22/11/2012 08:27

One anaylist on Bloomberg was touting 1175p as the fair value XTA should reach prior to the take over, that would be good.

[careful] 20/11/2012 15:35

the retention package will be scaled down a lot i would guess.
no problem.
just that old buffer Bond trying it on.
now we need, this week, european competition clearance.
they have been negotiating for months on detail.
glenstrata will have too much of the zinc market and have made proposals.

all should be clear by the weekend.

[gbb483] 19/11/2012 23:55

Were they ever?

[careful] 19/11/2012 12:39

we are at a turning point in XTA history over the next few days and still no discussion on this thread.
so much to comment on.
these boards are rarely a source of information or intelligent discussion these days.

[gbb483] 15/11/2012 17:09

... so we're moving closer to 3.05 ...

[wattene] 15/11/2012 08:52

Qataries have given the merger their rubber stamp.

[careful] 15/11/2012 08:19

lets hope this mess will be cleared up by next week.

[hightech] 14/11/2012 08:54

Why Glen has fallen so much?


WHich one is a problem- GLEN or XTA?

[arja] 13/11/2012 08:31

GLEN still pulling XTA down but a mini bear market at present !

[wattene] 12/11/2012 21:15

Thanks for the post bigdave - wondered why XTA had a bigger down than others.

[bigbigdave] 11/11/2012 07:06

ST
Xstrata plots coup at Lonmin

EXECUTIVES at Xstrata are attempting to orchestrate a management coup at Lonmin, the platinum producer that was shut down after 34 striking workers were killed by police.

Lonmin last week launched an $817m (£514m) rescue fundraising. Xstrata, the FTSE 100 miner, is its largest investor with a 25% stake. It does not want to stump up the cash unless it can clear out the executive team.

The world's third-largest platinum producer has been hit by a falling commodity price, soaring costs and staff unrest. Xstrata is sitting on a $2.5bn loss thanks to the collapse of the share price.

If it cannot inspire a coup before the fundraising, which will be voted on at a meeting on November 19, Xstrata is likely to call an extraordinary meeting to sack management.

The situation is further muddied by the vote the next day on Xstrata's $33bn takeover by rival Glencore.

The deal would see Xstrata subsumed into the commodities trader to create a natural resources behemoth with more than 100,000 employees on five continents.

Its fate hinges on a complex voting structure. Xstrata wants to pay £173m in bonuses to about 70 executives. It says the payments are necessary to ensure they stay on and make the integration a success.

Big investors, however, were outraged by the payments and threatened to block the entire deal on principle. Xstrata responded by offering three choices, in two parts. The first part allows investors to vote on two options, either in favour of both the takeover and the bonuses or, alternatively, to approve the bid but vote down the executive windfalls.

Once those votes are in, investors will be given a final vote on the remuneration proposal alone.

The problem is that the votes must match up. For example, if shareholders in the first voting round approve both the deal and the bonuses, but then a majority votes "no" in the separate pay ballot, the takeover will fail.

There is a real danger that Xstrata's attempt to push through the bonuses could make the whole deal collapse.

Both Glencore and Xstrata declined to comment.

[arja] 08/11/2012 08:17

wkan116,
just seen nyour post . I think it is just the uncertainty causing it to trade at
about 2.87 at present as still not quite a done deal . But good point about GLEN being likely to fall after merger goes through as it seems to be a rather shonky outfit .