Glencore Intl 0805

[Muhajir]

Hi All,

Glencore IPO deadline set for 18th May 2011.

I am mulling over subscribing and would very much appreciate ALL/ANY opinion from you all. Please do oblige.

Thank you in advance.

Ali

[winston]

Hi Ali,

Someone mentioned on CNBC that they are basically a Commodiies trading company. That means that they only make money when they make the right bets. Can one consistently make the right bets in Commodities ?

Dont intend to apply.

Take care.
Winston

[iam802]

I will think a more important aspect is

1. Control and Compliance
- so long as the system is in place and they don't go breaking or circumventing it, the loss is always limited.
- of course, we also know that many great companies fail because of the above as well.

I understand that they trade physical commodities and have paper trades as well.

Just a gut feel, a company of their size will most likely make them a major player within the commodities market.

With their volume, will they be able to influence the market? Possible, I think.

[Muhajir]

Than you Winston, Thank you Iam802.

Very much appreciate your valued thoughts.

[Muhajir]

-Vested.

Hi All,

Want to know your opinions again. Stock has moved up 3.79 % since IPO. In which range do you think this one will settle??
Your valued opinions help me a lot and I appreciate it a lot.

Thank you.

[iam802]

It is still too early to tell the range.

But, lots of desk heads are going to be rich through this IPO.

The leap of faith will be that these folks continue to trade well and manage their risk.

[winston]

Hopefully, they learnt something from their Zinc trades ...

[iam802]

Glencore’s First-Half Profit Increases 57%


http://www.bloomberg.com/news/2011-08-2 ... llion.html

Glencore International Plc, the world’s largest listed commodities trader, said first-half profit jumped 57 percent on higher prices for raw materials.

Net income before other significant items rose to $2.45 billion in the six months ended June 30, from $1.56 billion a year earlier, the Baar, Switzerland-based company said today in a statement. The trader declared its first interim dividend of 5 cents a share.

Glencore, which sold $10 billion in stock in a May initial public offering, has dropped 26 percent since the offer amid a slump in global stocks. BHP Billiton Ltd. (BHP), the biggest mining company, yesterday said it’s confident in the commodities outlook and sees “robust demand” in the short- and mid-term.

“We remain optimistic about long-term global economic prospects, and that the trends that underpin the growth of Glencore’s business are firmly in place,” Chief Executive Officer Ivan Glasenberg said in the statement. “The drive towards greater urbanization and improved living standards in countries such as China and India will continue to underpin the growth in global trade.”

Glencore, which owns plants and mines as well as trading operations, rose 6 percent yesterday to 389.6 pence in London trading, giving it a market value of 27 billion pounds ($44 billion). It sold shares in the IPO at 530 pence each.

‘Commodities-Intensive Growth’
The company reported a 32 percent increase in sales to $92.1 billion in the six months. Adjusted earnings before interest and tax from its marketing division increased 45 percent to $1.25 billion and rose 54 percent at the industrial unit to $2.05 billion. Net income in the first quarter rose 47 percent to $1.3 billion, Glencore said June 14.

The average level of the Standard & Poor’s GSCI Spot Index of 24 commodities rose 34 percent from the same period a year earlier. Melbourne-based BHP, which reported fiscal 2011 profit of $23.7 billion yesterday, said demand “will be supported by commodities-intensive emerging economic growth,” including China, India and other emerging economies.

Goldman Sachs Group Inc. (GS) this month recommended investors buy commodities because growth in emerging economies is enough to tighten supply. The broker joined JPMorgan Chase & Co. (JPM) and Morgan Stanley in forecasting gains in commodity prices.

Glencore yesterday offered A$270 million ($282 million), or 87 Australian cents each, for the shares in Minara Resources Ltd. (MRE) it doesn’t already own. The company holds 73.44 percent of Minara, Australia’s second-largest nickel producer.

[iam802]

Glencore, Xstrata Agree on $90 Billion ‘Merger of Equals’

http://www.bloomberg.com/news/2012-02-0 ... uals-.html

[winston]

not vested

Miner delivers on buyback

Thursday, August 21, 2014

Glencore (0805) has become the first of the large miners to honor promises to return cash to shareholders, announcing a share buyback program of up to US$1 billion (HK$7.8 billion) as it reported forecast-beating interim profit.

"We said that with the sale of Las Bambas [mine in Peru] we would return extra cash to shareholders," chief executive Ivan Glasenberg said.

"Our focus is on expansion that can generate profit on a tidy, neat balance sheet, and any excess cash we will give back to shareholders."

After posting an 8 percent rise in first-half core profit from a year ago, it said the buyback will take place by the end of March,and any shares bought will be held as treasury shares.

The commodities group posted earnings before interest, tax, depreciation and amortization of US$6.5 billion, helped by a strong performance from the trading arm.

It also declared an interim dividend of six US cents per share, up 11 percent from 2013.

Source: REUTERS