Glencore
GLEN: 295.70 -4.30 (▼1.43%)
| Bid Price | 295.65 | High Price | 305.50 |
|---|---|---|---|
| Ask Price | 295.75 | Low Price | 294.55 |
| Open Price | 299.35 | Spread | 0.03% |
| Prev Close | 300.00 | Volume | 14,108,795.00 |
Glencore Share Price Chart
Intraday
Historic – 1 year
Glencore Share Price Information
| Name | Glencore | Epic | GLEN |
|---|---|---|---|
| Sector | Mining | ISIN | JE00B4T3BW64 |
| Activites | Glencore Xstrata plc (formerly Glencore International) is one of the world’s largest global diversified natural resource companies and is one of the ten biggest companies within the FTSE 100 Index. Its diversified operations comprise of over 150 mining and metallurgical sites, offshore oil production assets, farms and agricultural facilities. We employ approximately 190,000 people, including contractors. The combination of a leading integrated producer and marketer of commodities with a leading portfolio of industrial assets enables us to capture value at every stage of the supply chain from sourcing raw materials deep underground to delivering products to an international customer base. It is a major producer and marketer of over 90 commodities that are transformed into products used in everyday life, such as mobile phones, bicycles, cutlery, plastics and electricity, to customers in industries ranging from automotive to food processing and power. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 295.70 | Net Gearing (%) | 65.72 |
|---|---|---|---|
| Market Cap (£m) | 43,565.68 | Gross Gearing (%) | 67.82 |
| Shares in issue (m) | 14,394.74 | Debt Ratio | 52.81 |
| P/E Ratio | -8.18 | Debt-to-Equity Ratio | 0.53 |
| Divs per share (p) | 6.00 | Assets / Equity Ratio | 3.11 |
| Dividend Yield (%) | 0.00 | Price to book value | 1.05 |
| Dividend Cover | 0.89 | SROCE (%) | -9.15 |
| Earning per share (p) | -37.00 | EPS Growth (%) | -305.56 |
| 52-week high / low (p) | 307.95 / 69.26 | DPS Growth (%) | -66.67 |
Glencore Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 09 Dec | HSBC | Buy | 295.70 | 300.00 | 315.00 | Reiterates |
| 09 Dec | Jefferies International | Buy | 295.70 | 350.00 | 350.00 | Reiterates |
| 09 Dec | Deutsche Bank | Hold | 295.70 | Reiterates | ||
| 07 Dec | Credit Suisse | Outperform | 295.70 | 320.00 | 340.00 | Reiterates |
| 05 Dec | Macquarie | Neutral | 295.70 | 290.00 | 290.00 | Reiterates |
Glencore Director Deals
| Date | Director | Type | Volume / Price | Trade Value |
|---|---|---|---|---|
| 22 Nov 2016 | William Macaulay | Sell | 1500000 @ 260.00p | £3,900,000.00 |
Glencore Company News
Glencore and QIA to take 19.5% stake in Rosneft
A 50:50 consoritum between Glencore and Qatar Investment Authority has agreed to acquire a 19.5% interest in the Rosneft from Rostneftegaz for €10.2 billion.
Under the proposed arrangements, Glencore will commit €300 million in equity and QIA will commit €2.5 billion in equity to the consortium with the balance of the consideration for the acquisition of the shares to be provided by non-recourse bank financing, principally by Intesa Sanpaolo, with Russian banks also providing financing and credit support.
The other material terms of the transaction for Glencore are:
– New 5 year offtake agreement with Rosneft representing a sizeable additional 220,000 bbls/day for the Glencore Marketing business
– Additional opportunities through a strategic partnership for further cooperation, including infrastructure, logistics and global trading
– Other than the economic exposure represented by the Glencore Equity (representing a 0.54% indirect equity interest in Rosneft), Glencore will not have any economic exposure to its interests in the Shares
– Limited liability structure fully ring-fenced and non-recourse to Glencore apart from its €300 million equity contribution and the provision of margin guarantees of up to €1.4 billion, for which Glencore has obtained full indemnification from appropriate Russian banks.
The overall transaction, including the acquisition of the Shares, is conditional on the finalisation of all relevant financing, guarantee and other agreements and is expected to close in mid-December.
Glencore chief executive Ivan Glasenberg said: “We are delighted that the strong relationships that already exist between Rosneft, QIA and Glencore have enabled us to successfully enter into this transaction. Glencore looks forward to working with both parties to take advantage of the significant opportunities which are expected to be presented across the Russian and global oil markets.”
Story provided by StockMarketWire.com
FLASH: Glencore and QIA to take stake in Rosneft
Story provided by StockMarketWire.com
Broker Forecast – HSBC issues a broker note on Glencore PLC
HSBC today reaffirms its buy investment rating on Glencore PLC (LON:GLEN) and raised its price target to 315p (from 300p).
Story provided by StockMarketWire.com
Draghi lifts FTSE 100
The FTSE 100 was in positive territory, boosted by an extended stimulus package from the European Central Bank.
Royal Bank of Scotland (RBS) and Barclays (BARC) advanced by up to 1.8%.
Miners Glencore (GLEN) and Rio Tinto (RIO) also supported the blue chip index with gains of around 2%.
West Texas Intermediate and Brent crude oil slid 0.9% higher to $50.26 and $53.48 per barrel, respectively.
Gold stumbled 0.4% to $1,169 and copper backtracked 0.8% to $5,776 per tonne.
FTSE 100 RISERS AND FALLERS
Outsourcing company Capita (CPI) issued a second profit warning in three months, which it blamed on uncertainty after the Brexit vote. It announced plans to sell its asset services business to protect its balance sheet.
Shares in utility multinational National Grid (NG.) sparked 3% after agreeing to sell a majority interest in its gas distribution division to a consortium of long-term infrastructure investors. The deal valued the asset at £13.8bn (including debt) and will see £4bn returned to shareholders.
Glencore (GLEN) and shareholder Qatar Investment Authority confirmed they will jointly invest approximately €10bn for a 19.5% stake in oil company Rosneft.
FTSE 250 RISERS AND FALLERS
Sports retailer Sports Direct (SPD) declined 8.3% to 288.8p on a 25% fall in first half pre-tax profit to £140m, mainly as a result of unhedged exposure to sterling weakness.
Chairman Keith Hellawell launched a tirade against the media, unions and politicians for launching a ‘campaign’ against the firm, which has been heavily criticised for its working practices.
Bookies William Hill (WMH) and Ladbrokes Coral (LCL) were both in the red amid reports that a parliamentary committee will recommend a crackdown on the use of fixed-odds betting terminals.
Shares in online grocer Ocado (OCDO) were stale at 262.6p as fourth quarter sales growth dipped.
Investors were impressed by packaging firm DS Smith’s (SMDS) latest results after reporting a 60% increase in first half pre-tax profit to £146m and a 15% hike in the dividend to 4.6p.
SMALL CAP RISERS AND FALLERS
Shares in software company ServicePower Technologies (SVR) jumped by 35.7% to 5.6p on confirmation of a recommended 6p a share cash offer from suitor Diversis.
Unresolved disputes with Logiman hit Weatherly International’s (WTI) share price after the company reduced its stake from 11.4% to 9.6%. As the holding fell below 10%, Krzysztof Szymczak resigned as director of the company with immediate effect.
South East Asia data centre facilities provider CSF (CSFG) crashed by 14.7% to 0.81p as operating profit more than halved from RM5,234,000 to RM1,933.
Lloyd’s of London insurer Novae (NVA) slumped 24.4% to 631p as it warned of a hit to its underwriting operations from larger individual risk and catastrophe losses. It also suffered a hit to the value of its fixed-income portfolio and a £17m writedown due to a change in its accounting for deferred acquisition costs.
Social care provider Caretech (CTH) gained 4.8% on full year revenue increasing by a fifth and a hike in the dividend.
Ceramic brake disc developer Surface Transforms (SCE) fell 7.4% to 22p as it blames increased overheads for a guided year-on-year increase in losses.
Oil and gas producer Nostra Terra (NTOG) positively surprised investors with an increase of $600,000 in the price tag of its Chisholm Trail Prospect, sold for an initially agreed $2.1m. Shares in the company jumped 18.2% to 1.7p.
RedT Energy (RED) raised £12m through a discounted shares placing, which will be used for capital expenditure, operating costs and working capital.
Story provided by StockMarketWire.com
Miners provide FTSE support
The FTSE 100 was flat at 6,914 on gains from media stocks and miners.
Sky (SKY) and ITV (ITV) were the biggest risers with a 2.5% rally, while Glencore (GLEN), Rio Tinto (RIO) and BHP Billiton (BLT) made smaller gains of over 1.5%.
West Texas Intermediate and Brent crude oil rose 1% to $50.24 and $53.55, respectively.
Gold was stable at $1,175 per ounce and copper was 1% lower at $5,754 per tonne.
FTSE 100 RISERS AND FALLERS
Outsourcing company Capita (CPI) issued a second profit warning in three months, which it blamed on uncertainty after the Brexit vote, and announced plans to sell its asset services business to protect its balance sheet.
Underlying pre-tax profit is predicted to be at least £515m against previously lowered guidance of £535m to £555m with little recovery expected in 2017.
Utility multinational National Grid (NG.) agreed to sell a majority interest in its gas distribution division to a consortium of long-term infrastructure investors. The deal valued the asset at £13.8bn (including debt) and will see £4bn returned to shareholders.
Glencore (GLEN) and shareholder Qatar Investment Authority confirmed it will jointly invest approximately €10bn for a 19.5% stake in oil company Rosneft.
FTSE 250 RISERS AND FALLERS
Sports retailer Sports Direct (SPD) declined 7.6% to 290.8p on a 25% fall in first half pre-tax profit to £140m, mainly as a result of unhedged exposure to sterling weakness.
Chairman Keith Hellawell launched a tirade against the media, unions and politicians for launching a ‘campaign’ against the firm, which has been heavily criticised for its working practices.
Bookies William Hill (WMH) and Ladbrokes Coral (LCL) were both in the red amid reports that a parliamentary committee will recommend a crackdown on the use of fixed-odds betting terminals.
Shares in online grocer Ocado (OCDO) were stale at 270p as fourth quarter sales growth dipped.
Investors were impressed by packaging firm DS Smith’s (SMDS) latest results after reporting a 60% increase in first half pre-tax profit to £146m and a 15% hike in the dividend to 4.6p.
SMALL CAP RISERS AND FALLERS
Shares in software company ServicePower Technologies (SVR) jumped by over a third to 5.5p on confirmation of a recommended 6p a share cash offer from suitor Diversis.
Unresolved disputes with Logiman hit Weatherly International’s (WTI) share price after the company reduced its stake from 11.4% to 9.6%. As the holding fell below 10%, Krzysztof Szymczak resigned as director of the company with immediate effect.
South East Asia data centre facilities provider CSF (CSFG) crashed by 14.7% to 0.81p as operating profit more than halved from RM5,234,000 to RM1,933.
Housebuilder MJ Gleeson (GLE) warned that the timing of sales in its Strategic Land division will see results in the first six months of its current financial year slightly below the first half of the previous year.
Lloyd’s of London insurer Novae (NVA) slumped 19% to 675p as it warned of a hit to its underwriting operations from larger individual risk and catastrophe losses. It also suffered a hit to the value of its fixed-income portfolio and a £17m writedown due to a change in its accounting for deferred acquisition costs.
Social care provider Caretech (CTH) gained 4.8% on full year revenue increasing by a fifth and a hike in the dividend.
Ceramic brake disc developer Surface Transforms (SCE) fell 7.6% to 22p as it blames increased overheads for a guided year-on-year increase in losses.
Resorts investor Dolphin Capital (DCI) disposed the Playa Grande Golf and Resort project to a joint venture for €140 million.
Pressure Technologies (PRES) acquired UK-based engineering business Martract and the stock gained 6.7%.
Digital entertainment solutions provider Amino Technologies (AMO) said it expected to report revenue and profit marginally ahead of revised market expectations.
Oil and gas producer Nostra Terra (NTOG) positively surprised investors with an increase of $600,000 in the price tag of its Chisholm Trail Prospect, sold for an initially agreed $2.1m. Shares in the company catapulted 30% to 1.85p.
RedT Energy (RED) raised £12m through a discounted shares placing, which will be used for capital expenditure, operating costs and working capital.
Story provided by StockMarketWire.com
