Glencore in the FTSE

jungerns

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Anyone have thoughts where this stock may go medium term. Shares have sold down to around 75 pence (ish) currently way way below highs and close to lows.
Time for a medium term trade perhaps albeit all Metal Ores are in the doldrums....??
 
Anyone have thoughts where this stock may go medium term. Shares have sold down to around 75 pence (ish) currently way way below highs and close to lows.
Time for a medium term trade perhaps albeit all Metal Ores are in the doldrums....??

Up - as an investor. These guys are smart and ahead of the pack.

What's medium term?

Swiss
 
the share price says keep well away to me. its been in a downtrend for the last 5 years, its not looking likely there will be any recovery anytime soon. They may be ahead of the pack, but their shareholders clearly don't think so
 
the share price says keep well away to me. its been in a downtrend for the last 5 years, its not looking likely there will be any recovery anytime soon. They may be ahead of the pack, but their shareholders clearly don't think so

True but I reckon they have got (getting) their house in order early and been punished by the institutions. Medium term to me is 5-7 yrs as an investor. Commodities will slide more yet - but I believe those positioned for an eventual recovery in price will reap the rewards through early pain now.
(ps I have not bought any stock yet but have been keeping an eye out on price and news).
 
Hi Jungerns, im glad someone has raised concern over these once monumental mining stocks withing the ftse. I've just invested lightly in Anglo and Vedanta with the view of holding 2-3 years upon recovery. I cant see either of the them going into administration simply because of the cash still within the businesses.Vedanta debt steadied in 15 and revenue was flat but not reduced however clearly profit is terrible due to zinc and general commodity prices. Any opinions welcome.
 
I believe those positioned for an eventual recovery in price will reap the rewards through early pain now.
Why put yourself through any pain at all? I find it hard to believe a v-shaped reversal is in the offing any time soon for resource stocks. It'll be a long drawn out affair, pretty muchlike the 5+ years of drawn out selling.
 
Why put yourself through any pain at all? I find it hard to believe a v-shaped reversal is in the offing any time soon for resource stocks. It'll be a long drawn out affair, pretty muchlike the 5+ years of drawn out selling.

Agreed. 5-7 yrs is my timeline (medium term).
 
If you going down this field.
Look at BHP.
Got a better PE and yield.
And lot more diversified.
 

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If you want a double bang for your buck/pound.
Buy the miner in Australia.
When the miners go back up again in theory the A dollar should go up against the pound.
Glencore not listed in AUS, they merged with Xstrata a while back.

One day purple line BHP should go above white line GBPAUD.
 

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If you want a double bang for your buck/pound.
Buy the miner in Australia.
When the miners go back up again in theory the A dollar should go up against the pound.
Glencore not listed in AUS, they merged with Xstrata a while back.

One day purple line BHP should go above white line GBPAUD.

Thanks Oscar - was already on to it! Imho BHP worth drip feeding in the current environment plus AU Mining ETF's worth looking at. Currently resident in UK hence interest in Glencore. All medium-long term plays.

Australia has not felt the pain yet of China slowdown in wider economy and not sure the majority of the population has realized it yet. The Govt is very belatedly woken up to try and diversify the economy with tech/startup initiatives - should have done it 10yrs ago when the coffers were full. I was always amazed at the lack of foresight of the pollies (what a fine bunch they are!) and apathy in peoples attitudes in general!
 
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