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Another broker downgrade this time Barclays. I’m guessing there will be lots more to come over the next days and weeks ahead.
Sub 200 by end of the year.
...the last time Trump was President I bought a new BMW 5 Series compliments of The Trump Effect on the Stock market - nothings ever what it seems!!
Trump will drop the stone on glen if he becomes president.
More tariffs with china. Glen will have less businesses.
Managed to get all time high here. £5.85, didn't make anything as bought again after dropped, sold with the
Its ok i'm going .:):). later boys .
I should of they are dropping like a stone , not recommending a buy
Look at rio and aal geez
It's starting to look like a buy to me. 366-367 again. I feel like the FTSE100 may drop a little more before recovering some of the recent drops in March-April. If I see a the share price begin with a '35' it looks very tempting for a hopeful 1-2 month hold then sell.
BMB,While your looking forward with a hope of it pulling through, the Markets are picking your pockets.
I did read somewhere Glencoe directors are paid through Dividends so there's a good chance they will retain a decent Dividend,
But unfortunately that doesn't help the share price.
Always good to look for alternatives.
#nagleout :-)
Got to look forward Scott… the morons who run the uk and eu have created a net zero policy with impossible targets to meet, and even if they reach 10% of their targets, the demand for natural resources will be way higher that what the world currently produces,
Not to mention the amounts of energy the world will need for theses AI computers to become any good
Supply is is outstripping demand that is the problem, for a good while yet, I believe. (.
Sorry I should have added my reasons for optimism here.
A company who invests for future growth ($6.9bn purchase of Elk VR) & makes the difficult decision to cut dividends to pay down debt is in my opinion acting prudently & with the long term benefit of the company in mind.
The BOD's current plan is to bring debt down post EVR acquisition & then look to de-merging the entire coal portfolio, this will be a cash cow scenario folks.
Reduce debt, good thinking, just look at companies like VOD who keep on paying massive dividends they can't afford.
GLEN & other miners are it is plain to see acting with the future in mind, very important in my book.
By over-allocating capital to areas like copper & aluminium they look to take advantage of the impending "energy transition". As we know these are integral to building things like solar panels, electric cars & renewable power generation & the biggest scope for price rises are as the energy transition picks up pace.
Fellow posters, it's great to have serious debate & let's not forget we are all entitled to our opinions, after all these are just opinion boards.
Can money be made from miners? Of course it can, patience is required as with all stocks & a drink with Captain Hindsight does help as the LSE sage that is Strictlybricks often says.
I recall asking my broker about BHP when it was in the 520's some years ago pre covid, he advised against it & I remember his words being "They are out of favour with the market". I chose to buy however & to sell with a 90% profit less than a couple of years later & just look where they are now, plus some good dividends will have been paid in the years following.
Can money be made from the Glencore SP? Just look at the performance charts on the popular broker sites, say over a ten year period & you'll have the answer, a resounding Yes. It's just that miners are out of favour at the moment.
In my opinion big miners & housebuilders are where it's at currently but again I say patience is required. I for one am happy to put my hard earned where my mouth is, I will be buying both soon
Good luck all & keep posting opinions but not insults when others offer differing thoughts please.
Index funds are much better if only I had known that 5 years ago.....individual stocks just a lottery
Wait for 300
So I go to the trouble of posting two lengthy messages, as someone who has followed GLEN.L carefully more or less since it listed, explaining why it would be a seriously bad idea to buy it as a LONG TERM hold. Both posts were clear as a bell that that was what I was opining on. Because that is what Nosesseignotum specifically asked for views on. (As I read his original post on Friday. I don't see any other way to have read it).
To which we get someone explaining to me that "miners are cyclical" and someone else chiming in that you can make money out of GLEN.L by trading in and out of it. What a pair of geniuses.
And Nosesseignotum replies by saying effectively, "Yeah but what if all those really serious defects with GLEN.L that you sagely point out - and that have yet again destroyed the share price this year - magically disappeared? Wouldn't GLEN.L be a good long term buy then?" Yep, it would be buddy (well - if they all disappeared AND if it also wasn't a miner and hence will likely always suffer repeated cyclical convulsions in its share price anyway). My auntie would be my uncle if only she had a pair.
You obviously aint going to be told - so I really don't know why you bothered asking - so plough your money in.
F*ck me.
After exdiv. Date for me.
Wait for 300
Troajan time to buy Glencore 3 month low..
Easy 5pc profit to be made !
February normally good for the metal heads
102000 posts u must be retired on a gold plated public sector pension!!
Growup
of course you can make money out of glen,or any other major minor.
that;s currently in a downtrend
all you have to do,is try and catch that downtrend low,before it reverses course.
like its posted below,this sector is very cyclical
I bet he didn't know that
Growup, the industry is cyclical. I am sure you are well aware of this.