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Glencore
Comments
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76% of earnings in the first half came from commodity trading. As opposed to digging holes. Which make the business as a whole difficult to forecast. If you've held on this long. Might as well sit it out and let the dust settle.0
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I know this is an old post but I wondered what people's thoughts were on Glencore now.
I've have a very small number of their shares that I bought back at 84p and today they're sat at 127p. Several analysts would suggest that they may go up to 150-160p.
I originally bought with a view to holding for up to five years but now I'm tempted to sell them and put the money into a passive fund (which is what I intend to do with 95% of my investable money).
It appears that you, like me, were (and in my case, I still am), looking medium-long term at commodities, as I've stated earlier in this thread. I've been 'filling my boots' in a general commodities fund in my SIPP since Q3 2015 on drops. I'm not looking for a quick return. Generally, the fund has seen some further drops over the past 3-4 months, but, it's up around 20% in the past month alone, which has covered those more recent drops nicely. However, I do expect a lot of volatility going forward, but hopefully, now, a general trend upwards from the recent deep lows.
Personally I don't like investing in individual stocks, unless I've done a lot of my own research and have a pretty good knowledge of any particular company. I generally prefer the spread you get with a fund. Glencore are only 3.5% of this funds holdings.
I'm now as fully invested in commodities as I want to be for the time being, in fact pretty top heavy (I would normally be at around 10% of my SIPP investments, but I'm now at around 20%), but I believe there will be very good returns in the medium-long term, which hopefully are already starting to crystallise now.
As always, only time will tell of course.
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
Possibility of a big profit there in the last few weeks, up about 75% from a low point.
But only for clairvoyants really.0 -
I'm going to wait and see what happens tomorrow. (That will probably ensure the share price will collapse so sell now!).0
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i'll be interested to see the results, and their effect, tomorrow.0
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worldtraveller wrote: »It appears that you, like me, were (and in my case, I still am), looking medium-long term at commodities, as I've stated earlier in this thread. I've been 'filling my boots' in a general commodities fund in my SIPP since Q3 2015 on drops. I'm not looking for a quick return.
Trouble is as was the case with Tesco's. Companies spend so much time on financial engineering activities these days. That's its difficult to get an accurate picture of where they actually make their profits. Now that the pressure is on. The business models appear flawed.0 -
profit falls 32%...
https://uk.finance.yahoo.com/news/glencore-takes-5-8-billion-071745648.html0 -
I wonder if AFOS predicted this.....0
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SP up around 2% on results.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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I've taken my profits and reinvested elsewhere. Not particularly because I think Glencore shares won't go up but because I wanted to protect the profit I'd already made.
I've put the money into a couple of passive funds.0
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