Glencore Forum

the shorts have increased to 3.51% since last month and thats only 500 million shares being shorted how can the sp go so low, i am hoping for a 20% bounce 2morrow morning and then sell and buy back at lower price bceause it look like this is what everyone will be doing

AMI NAV is around £4 per share so how did the sp go down to the the teens and then delist and bankurupt and i lost a few k's, surely this can't happen here like AMI as its in ftse100 and i am a few k's down and also LMI

£1.75 per share tangible book value

today was the perfect storm of bad press bad macro data and a rubbish realisation of a small capital asset sale

basically Investec have about as much clue as the next dog on the street willing to hump anyone for a few quid

Glencore PLC 13.3% Potential Upside Indicated by Investec Posted by: Amilia Stone 6th July 2015 Glencore PLC with EPIC LON:GLEN had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Investec. Glencore PLC are listed in the Basic Materials sector within UK Main Market. Investec have set a target price of 282 GBX on its stock. This now indicates the analyst believes there is a potential upside of 13.3% from the opening price of 249 GBX. Glencore PLC has a 50 day moving average of 290.13 GBX and a 200 Day Moving Average share price is recorded at 299.63 GBX. The 52 week high share price is 379.45 GBX while the 52 week low for the stock is 236.2 GBX.

Glencore Woes Could Spawn Chinese Rival to ABCD Glencore’s decline could hand China a bigger share in the global agricultural commodities trade. In its debt-reduction plan, the commodities group said it could raise $2B through disposals, including from its agriculture arm. It has reportedly hired banks to hawk a stake in the division. Any interest will likely come from China, says Andrey Sizov at SovEcon, citing a government-backed expansion drive that has seen Chinese firms buy up agricultural assets. One potential suitor is state-owned China National Cereals, Oils & Foodstuffs Corp. “If it’s Cofco than we clearly see a new agribiz giant, comparable to ABCD,” Mr. Sizov says. ABCD denotes four firms--ADM, Bunge, Cargill, Dreyfus--that dominate global trade in agricultural commodities.

The cost of insuring Glencore’s debt has surged on renewed fears that the company may need to announce even more drastic measures to cut net debt if commodity prices remain at current low levels or even fall further. Investors had to pay Monday more than $770,000 to insure against $10 million of Glencore debt for five years using credit default swaps, or CDS, according to Markit. This is nearly 40% higher than the $554,000 on Friday and multiples above the $154,000 at the beginning of the year. An equity analyst at a U.S-based investment fund said “counterparties are looking to hedge their exposure by buying protection, so they are buying [the Glencore CDS ]... as well as shorting the stock.

i put £500k in GLEN, GKP, LMI, TLW and KAZ. 3 years ago and I have the square root of F all left . The entire sector has been destroyed in the past couple of years

WRES !!!