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Eadwig - it's in the Share News tab above, not the Broker Ratings tab. It was published by Alliance News on 5 Aug, they also supply ii with news.
On the Glencore website, the Investor section can be found in a convoluted way. Go to Contact Us on the top menu bar, scroll down a little to the FAQs and the 4th drop down 'Where do I find shareholder information?' has a link to the Shareholder Centre. The analysts page you linked to below is in there, along with other more useful data sections.
Or, on their home page, scroll down just below half way to the Share Price section - on the right there is an 'Investors' link that takes you to a page that includes the Shareholder centre link.
In fact the page on the Glencore site is still there, but how you reach it via the new menu structure I have no idea. I short-cut to it using Google. https://www.glencore.com/investors/shareholder-centre/analyst-coverage
Unfortunately, unless you're a customer of the analyst, there's really no info to be had by clicking on the links. You just have to catch the press release on the day when they publish their new reports.
Major broker equity analysts who undertake research about Glencore.
Bank of America Jason Fairclough
Barclays Capital Ian Rossouw
Bernstein Bob Brackett
BMO Capital Markets Alexander Pearce
Citigroup Ephrem Ravi
Credit Suisse Danielle Chigumira
Deutsche Bank Securities Liam Fitzpatrick
Exane BNP Paribas Sylvain Brunet
Jefferies & Co Christopher La Femina
JP Morgan Cazenove Dominic O'Kane
Liberum Capital Ben Davis
Morgan Stanley Alain Gabriel
RBC Capital Markets Tyler Broda
Société Générale Christian Georges
Standard Bank Tim Clark
UBS Myles Allsop
Thanks for the response, David. Yes, I know about the Broker ratings tab above, but Bank of America isn't covered there. In fact there are only about 5 or 6 analysts covered out of the 15 or 16 that cover Glencore.
I do appreciate LSE's efforts to cover those brokers, it is a good and reliable resource for research and I know of know better, but it is far from complete, unfortunately.
Glencore's site used to have a tab for analysts which cover it, but zero information beyond it. I believe that disappeared rather than was fixed in the latest version of the web site.
I have no resource to find out this info apart from occasionally catching announcements on ii's web site. Its a pretty ridiculous situation, because analysts do influence the share price of these larger companies. Not so much with their price targets, but by reiterations or cutting/raising of their targets and BUY/SELL/HOLD recomendations.
Eadwig if you go to top of this page and click on GLEN Share news then go to entry at 5 August Broker Ratings and scroll down
David George, can you give me a link to verify that Bank of America price target?
I've been expecting target price downgrades, especially from the most bullish like Barclays, but maintaining a BUY rating at any price under @500p. BoA raising the price but maintaining a neutral stance is a bit of a strange outlier.
Glenda
Quite a late bounce bodes we'll for the weeks ahead !
Credit Suisse raises Glencore price target to 570 (560) pence - 'outperform'
JPMorgan cuts Glencore price target to 590 (620) pence - 'overweight'
Bank of America raises Glencore price target to 480 (470) pence - 'neutral'
Bens Creek
i still well say 530 or slight near before ex-dividend
Lost sanity, thanks for answering my question, and i guess its another reason why buybacks are unpopular.
I don't believe treasury shares receive a dividend. Here's my calcs.
Latest Glencore statement
Shares outstanding: 13,096,559,928
Shares held in treasury: 1,489,640,138
Glencore declared special dividend of $1.45 Billion or 11 cents share.
Shares outstanding: 13,096,559,928 x .11 = ~ $1.45 billion
If you add in treasury shares, 1,489,640,138 x .11 = ~163 million which would put payout to $1.6 billion which is not what they are paying.
Lost sanity divs in treasury
or voting power
Shares held in treasury do not receive dividends.
Ivan has over 9 per cent of all GLEN shares - more than 1.2 billion shares. SO he will have made more than $330m from today's two divis
I am assuming the shares from previous buybacks will also acrue dividend payments, which pressumably will also be held in the treasury. Is this statement correct? if so, a nice little earner!
P.S I bet Ivan is rather pleased with todays announcement.