Bowman
04 Mar 2016
Re: Credit agencies. The average daily gain since January 20th is between 3.7% and 5.4% depending how one calculates it. The average over the past 5 days is about 7%.If this rate of increase is maintained we should achieve £7 before March 16th.It surely cannot maintain this rate of increase!
popes11
04 Mar 2016
Re: Credit agencies. Not far from £7 now. Hopefully full steam ahead next week.
popes11
02 Mar 2016
Re: Credit agencies. BowmanAt 216 I just felt it was good money after bad. £7 seems lofty however looking at the chart it's actually still pretty low.Granted they have sold of divisions but fingers crossed that year long slump is at an end.
Bowman
02 Mar 2016
Re: Credit agencies. popes11,Being a serial optimist I decided to double my holding @ 225, this allowed me to make a substantial reduction in my overall loss as a result of the subsequent rise.Depending on how one calculates the average rise since the low point I get an average daily rise of between 3% and 4%. If this continues we will be over £7 within the next 12 trading days. However I somehow doubt this rate of rise can be maintained (although I thought that when we were at £3 and at £4!). I would be more than happy if we made it that far in the next 2 months.
popes11
01 Mar 2016
Re: Credit agencies. The 220p price was a testing time. My finger was hovering over the F it lets just get something back here button. Glad I held on. Hopefully a steady climb up to around £7 over the next 6 months or so.
Bowman
01 Mar 2016
Re: Credit agencies. About 6 weeks ago we were at around 220, so today's move above 500 is pleasing. It appears that the credit agencies have done their usual by downgrading when the price has turned back up.The sp has gone through many of my targets and I have managed to reduce my net loss substantially, reducing my break even point. My next target is about 650.The rise since January has been impressive and not really expected. I am wondering just how high it can go in the near term. I suppose the next stumbling block will be when the "experts" start ramping the Company's prospects.
indolent
18 Feb 2016
Credit agencies. All three of the most watched credit agencies have now downgraded Anglo's debt indicating that they suspect Anglo management's announced measures don't go far enough. The above from a SA analyst and I can post a link to the video if it's wanted.
Bowman
18 Feb 2016
Re: Fun and games AAL has underperformed compared with its peers and the sector index over the past 6-12 months. This underperformance has not yet been rectified, even with the large average daily gains we have had for the past 10 days. Today it seems that AAL is taking another breather.Hopefully we can become realigned with the sector index again, and this should see a sp in the upper 500's. This might also see a recapture of the 200d EMA
indolent
18 Feb 2016
Re: Broker views [link] the above link a few business journalists who are based in SA discuss Anglo American. Not every one is convinced they go through with all the ear marked asset sales. ---------- ---------- -----[link] a broker of sorts in SA discusses Anglo. I can't remember if it is at the beginning or the end but it's not a long vid. Below the same person gets in to Anglo again near the end of the segment. [link]
nk1999
17 Feb 2016
Broker views From ADVFN:"Anglo American surged as Deutsche Bank and Credit Suisse lifted their targets on the stock following the company's full year results.On Tuesday, Anglo outlined its promised "radical" overhaul as it announced a pre-tax loss of $5.5bn after $3.8bn of write-down since the half year. The company said it planned to reduce the core portfolio to 16 diamond, platinum group metals and copper assets and announced further cost-cutting measures.Deutsche Bank raised the price target to 465p from 300p, saying four main issues have now been addressed: commitment to a lower gearing level; an intention to sell some of the bigger, higher quality assets for value; presentation of free cash flow scenarios if spot prices worsen; and most importantly, a higher cost cutting target for 2016."We could not have asked for a bigger or more detailed plan - but now we move to timely execution," it said, as it reiterated its 'hold' rating on the stock.Meanwhile, Credit Suisse lifted its target on Anglo to 470p from 320p, keeping it at 'neutral' as it raised its estimates for 2016 following the results."The company needed to act decisively and the cost cutting targets are materially better than we and the market expected, equating to more than a 10% year-on-year reduction in 2016 (excluding FX).""If the company delivers on its promises the re-rating could continue, however industry deflation signals ongoing price risks, leverage is high and asset sales carry obvious execution risks."nk
popes11
17 Feb 2016
Fun and games Another good rise. I will take a few more days like this.
Sprocket60
17 Feb 2016
Re: Holding @ 280 1st Feb Time to move on now.Been a great day trade share. Worth holding now long term. Still have large debts to pay off, but will be reduced when non-core assets have been sold.back to the oily`s for me....
xTitanic
17 Feb 2016
Re: Holding @ 280 1st Feb Now £4.30 - looks like we've missed the boat. For now.If you see a bandwagon - it's too late.
II Editor
16 Feb 2016
NEW ARTICLE: Anglo American share price doubles "LSE:AAL:Anglo American has just announced a fresh round of disposals in a bid to raise an extra $3-4 billion (£2.1-2.8 billion) to survive the commodities slump. Some of its oldest and largest assets are to be hived off in the latest ..."[link]
Bowman
16 Feb 2016
Results available Not yet on iii, here are the final results[link]
