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Has anyone written to IR regarding the fall on SP.... No bounce at all and it continues
Taken another 1,108 here today.
Mergers 2024 galore imo.
GL all
I guess the wide variation in target prices depends upon the valuations the analysts are using for their discount cash flow models. The cuts to production and capex will dampen potential future growth - but by how much? If you suspect it will limit AAL's opportunities to benefit from future commodity price increases, then your target price likely would be below its competitors.
Q4 2023 Production report 8th Feb 2024.
FY 2023 Results 22nd Feb 2024.
https://www.angloamerican.com/investors/investor-calendar
The market might push AAL down to support 1638p until there's a positive trading update or Statement from AAL.
I see this as a buying opportunity and will drip buy and hopefully find the bottom.
China Industrial stats Friday 15th..... (YoY) November (MoM)
gla
Berenberg slashes target price on Anglo American”
compare their 1500 price targets to other beancounters' PTs issued yesterday
* Anglo American : Barclays cuts target price to 2575p from 2865p
* Anglo American : Jefferies cuts target price to 2,500p from 2,600p
* Anglo American : RBC cuts target price to 2,200p from 2,400p
42 percent lower than Barclays
40 percent lower than Jeffries
32 percent lower than RBC
In what world does one of the world’s biggest miners trade for less than £20 billion?
And yet this is what the ftse100 has become
A graveyard for giant blue chip companies
An index of wealth destruction, in which Britains most valuable companies get systematically trashed under any pretext.
UK markets are broken - to work shareprices have to go UP as well as down. no matter how good you are at stock picking the odds are impossibly stacked against you in an index that never goes up over the long term. The index is for shorting only.
And you can bet your life the market makers will use Berembergs 1500 price target over all others.
Tbere can have 12 different price targets on UK shares but market makers will always comply with the lowest one.
Shorting UK shares must be the easiest money in the history of shorting.
Even though they trade at huge discounts to their peers and are at all time historic low valuations.
I just can't believe there has been no follow up by the company.. 20% off mcap in a day and no comment... Over 50% down since start of year. Is this just a sinking ship now? I am down 10k which is a lot of money to me
I agree that the London market needs a good kick up the behind. it has conjured up a siege mentality that thinks the only way to make profit is to short stocks. This is a flawed strategy which only produces a home goal and plays into the hands of Frankfurt and other foreign markets. As we are buried in a world market grave, capital is flying out of London at a fast rate.
Part of the problem is that the wisest owls are retiring and their wealth of experience is disappearing. Calculations are falling into the hands of young reckless minds, hastening the downward spiral, producing a culture of ineptitude and scattetred computer projections, consequences as yet unproven.
We sadly need a reversal of mindset before we vanish completely. I only have the experience of 60 years in the market and find it very hard to be optimistic under the present disintegrating regime.
Stamp duty doesn’t help either
JG
“Totally agree , we have become the laughing stock of Global markets.”
That’s why BHP pulled out of the Permabear and changed their main listing to AU.
If they had stayed in the toxic UK index, BHP would be trading at £5/6 a share less now.
Unfortunately AA has nowhere to run, it’s condemned to float in the UK cesspit - at least until it gets taken over. And as every company that’s listed in the UK knows, the price is wealth destruction on an unprecedented scale. ARM would be £30 if they had listed on the UK market, rather than $65. ARM knew that when they made the decision to list in the US, despite groveling politicians begging them to list on the Permabear. As does every other British company that chooses to list in the US.
Having a toxic market, incapable of valuing stocks is grievously wounding this country’s economy.
They are ignoring the fact that POLY4 is shortly, after its marathon run, coming to market. This will bring a mighty boost to the share price and I, like many others, shall welcome POL4 fertilisers beaming on the shelves of every garden centre in the UK.
Frazer was wrong about the length of time it would take to tunnel our way home. This has been a big strain on the AAL coffers but should keep the share price floating round the pinnacle of the world markets.
We have all been hit by the recent silly statement , when all that was needed was 'We shall react promptly to changing market conditions.'
Berenberg slashes target price on Anglo American
Analysts at Berenberg slashed their target price on multinational mining group Anglo American from 2,000.0p to 1,500.0p on Monday, stating its recent update left "a lot to answer".
Berenberg updated its model on Anglo American following its 2023 investor update, which it released on 8 December, with the stock closing down roughly 20%, as it "materially" underperformed peers due to the magnitude of volume cuts.
The German bank noted that while it has seen an improvement in sentiment regarding Anglo American in recent weeks and months, it still does not think that the time was right to step into the equity story.
Berenberg said this was mainly due to the severity of the cuts to estimates, alongside its expectation that lower volumes and still sticky costs will impact free cash flow generation and fail to support a deleveraging story.
"While some may argue that the stock is cheap after a 20% sell-off, our revised estimates bring our net asset value down materially and our price target to 1,500.0p per share. We remain 'hold'-rated. We also flag potential impairment risk with the 2023 results given the guidance cuts. Anglo is trading on 1.67x NAV and 5.2x 2024E EBITDA," said Berenberg.
https://www.sharecast.com/news/broker-recommendations/berenberg-slashes-target-price-on-anglo-american--15561426.html
TA
Totally agree , we have become the laughing stock of Global markets.
Personally and IMO, regardless of who the potential incoming government will be, the country needs a change for better or worse.
That might actually be the tonic the UK market needs, as perverse as that may sound.
Not that I have a strong allegiance either way, it seems repeating the same thing is not working for the country or the UK stock market.
JG
Metaphorically speaking - the beancounters, market makers and hedge funds are doing the same to UK markets as Israel is doing in Gaza.
Despite the fact uk shares are trading at all time historical lows, the beancounters are issuing evermore lower price targets. How does that work?
The two/three fold increase in blue chip profits over the past two decades has not been factored into shareprices.
The Stone Age troglodytes responsible for valuing uk shares have smashed
Barclays
Diageo
Bats
Unilever
And several others recently.
No UK listed blue chip is safe from decimation
And the scary thing is no matter how low valuations fall the troglodytes continue to smash them down.
Other countries’ stock markets don’t trash their most valuable companies. That’s why they trade on valuations 3/4 times higher than those mired in the ftse100 cesspit.
AA’s production cuts were more because of lower demand and excessive stockpiles, than transport infrastructure.
But as usual the obtuse UK market didn’t interpret it like that - in a normal market the shares would have still fallen of course, because it was a profit warning of sorts (predicting lower revenue on decreased demand)
Is it any wonder why no decent company wants to invest in the UK, when market makers and hedge funds constantly trash UK listed companies (especially on trading updates) AAL would have fallen 5/7 percent in other markets. The 19 percent drop was extreme, even by the Permabear standards.
It makes excellent business sense to trim the workforce and production when demand wanes. They addressed know issues and that is positive.
The current dividend (40 percent of profits) is 2.5
covered. It’s affordable. Even if profits fall I cannot see it being cut. The ritual slaughter of UK shares is extremely costly to the nation. No company is going allow itself to have its valuation decimated by Stone Age trogodytes, by listing here. London’s reputation is sullied beyond redemption. It does not know how to value equities fairly.
London shares a have risen by a fraction of a percent in 2023
That compares with 20 percent in the S&P
And 10 percent in Eurostox.
Familiar story in 2022
Be the same story in 2024
That’s why every bear in the world comes to hunt in the UK. My advice to wannabe traders is to buy anywhere except the UK. Your chances of making money will increase a hundred fold.
So Berenberg now think another 4-5 billion needs to come off Mcap.
Clown brokers looking for an entry point.
Times article
use this...a paywall buster.
https://archive.is/p5TPI
I also can't read this article in The Times because of registration
Who do they reckon might be making an offer, if any. I personally can't
see it happening.
Good luck to us then.😂😂
Bought back in this morning ...first position 1813p
Very happy with my trade.
gla
I don't mind if we get paid for £25 a share, lol.
AAL tipped for a possible takeover.
https://www.thetimes.co.uk/article/anglo-american-tipped-for-takeover-after-copper-shock-hvxlp7gd5
This chief exec and board lost confidence of the city.
They need to go and go now after unnecessarily whipping £6bn from share price on Friday.,Through their clumsy strategy and communication disaster.
It probably won’t bounce back quick.
Chairman should have been taking action over the weekend and today. If not, they they are part of the problem in not recognising the disaster that fri was…..and need to go too.
You have?, lol only a small top up. Hope this will finish the day above £19. And I have reduced my break even down to £18.65, better chance to get out alive, hahahaha. Have a great day my friend and good luck with your trades.