Coal is making one heck of a profit for glencore but the downside is limited investors as everyone goes green hence a spin off of its coal division was mentioned and frowned upon by investors..too right
Pete answer this we are having a shortage of truck drivers due to red tape workers from Europe dont wat to work here because of red tape and low wages they get more in their own countries...so why are German and Spain also having a truck driver shortage?? Hmmm naff all to do with brexit
EVIKING" usually "I use this term loosely with a possible new lock down new pandemic and this governments dithering who knows snatch and grab works well for the moment erm i mean gambling .. Trading :-))))
Eviking fare value for now should be £4.20 let's see we got 2 weeks of christmas rally followed by a mad January and February usually folowe6by a March fall
Troajan...yes indeed mate glencore is literally making billions it's a cash cow the trading arm alone has made another whopping profit for the last 12 months's so £4.80 is easily achievable
Troajan ...£4.80s back doors will get smashed in before any real down turn and thats if there is any down turn next year, I bet there isn't I think a bumper year will come 2022 coppers gonna go higher ...glencore have pi.ssed me off a bit all that share buy back bullship and debt reduction and now they are talking about acquisitions and increasing debt they should increase the fooking divi the rip off merchants fooking inflation is diminishing the value of the shatty divi we get crooked low down fooktards
Troajan...so according to jp Morgan there's a quid in Glenco re to be had eventually... Glencore (‘overweight recommendation) valuation moves to £4.80 a share from £4.20.