Member Info for billybigwig

Tom.bruce I know it's doing my head in. I keep missing these dam dips its ruined my trading in glen i keep thinking well copper still going up there has to to be a good jump up north now surely?

Tom.so why in the feck is glencore still under £3.10 , it should be at least £3.20 at least Off copper price alone ?

“They have so much cash they don’t know what to do with it. We’re glad that they are giving it back,” said Glencore investor David Herro, chief investment officer of Harris Associates LP. “We don’t want them to make expensive M&A, so to us this is the best option to do with the free cash.” Chief Executive Officer Ivan Glasenberg told investors last year that the company was focused on cutting debt and returning money to shareholders, with little of interest on the acquisition front. The CEO echoed those sentiments on Wednesday, saying there’s not much to do with Glencore’s cash other than buying back shares.

Is higher than last August when glencore was trading at 3.34 to 3.20 so what gives why is this being held down!

The shares held in treasury may /or may not be used if it's the right fit for glencore (at right price this time... ivans quote) to purchase assets

A wunderbar day do far :-)

The chief executive of mining and commodities trading giant Glencore will bag £186million in dividends this year. Ivan Glasenberg will be handed the money after Glencore promised a payout worth 20 cents a share to investors. The 62-year-old owns more than 1.2bn Glencore shares, or almost 9 per cent of the FTSE 100-listed group. They are currently worth nearly £3.8billion.

Scoop divi will take it up towards April I appreciate we've got a few weeks to go so unless brexit is sorted or trade deal ..we could do with brexit first then trade deal then a divi run up after an glen at £4 again ;-)

Ken sod the night flights sleeping sat up jeez

Ken what time you flying ?

well hate to say this having bought at 3.07 but 2.90s looks like tomorrow

ken yanks take the pi.ss im sick of news popping up while our markets closed and theirs is open we take it they take it down

bruce.your not kidding should be 3.20 easy now

hello bruce. no none what so ever its just glencore

ODD BALL hahahah

COLUMN-LME copper squeeze will test market's bull credentials: Andy Home
Thu, 21st Feb 2019 13:26

(The opinions expressed here are those of the author, a columnist for Reuters.)

By Andy Home
LONDON, Feb 21 (Reuters) - Is copper finally about to break up out of its well-trodden seven-month range?
London Metal Exchange (LME) three-month copper came tantalisingly close on Wednesday with a mini-surge to $6,426.50, challenging the upper band of the $5,725 to $6,440 range that has defined the market since July 2018.
The market was regrouping Thursday around the $6,380 level.
Glencore set the ball rolling with an announcement that an "updated mine plan" at its Mutanda copper operations in the Democratic Republic of Congo would reduce output by 100,000 tonnes per year.

ken lets see how the yanks treat it after we close

Fookin hell 2.80s again? Maybe! Its Freaky friday tomorrow ffs

I'm a fan of NK he's a great trader no big trades just a few quid here and there and bang it mounts up satisfying the idle hands syndrome as well

don't think about it scoop I did the feckin same 3.07 what the fook!