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Bouncing back to lows again. Confirmed piece of junk.
Agree - don't think rio will come knocking on this dog's door anytime soon.
Then again, rio probably operates somewhat similar but just hasn't been caught yet.
Dug a little deeper. Back in May 2018 it was only rumours of SFO so this appears to be the formalization of that rumour.
Price coming back a little from the lows so lets hope this news was already baked in somewhat and we recover a little.
Is this a continuation of the SFO probe launched in May 2018.
This is what happened that day:
"Glencore shares fell 17.50 pence, or 4.4 percent, to 380.35 pence at 4:37 p.m. in London, after falling as much as 8.7 percent."
Add it to the long list of investigations in this shady piece of junk. Along with all the other issues this company has.
So sad.
awful! nothing goes right with this piece of junk!
down down down
Google finance showing a 7% drop!!!! God I hope that is that an error!
Looks like Glencore is trying to keep the dividend at $0.20 for 2020. Let's hope at least that and maybe more!
https://www.morningstar.co.uk/uk/news/AN_1575384788543854700/top-news-glencore-returns-uncertain-amid-focus-on-debt-reduction.aspx
Things do not look so rosy. Buyback about to end and money being put towards debt lowering (which is good I guess)
Just wonder what happens to share price once buyback ends.
https://www.ft.com/content/abac62c8-15d5-11ea-9ee4-11f260415385
Whats up today? Big old drop. Not good.
The share buyback will be ending soon. Wonder what happens to price then.
Although they did announce in Feb 2019 there was a potential for another $1Billion buyback once this $2bill buyback is completed. Have not seen any news on that extra $1Bill though.
Hovering around prices we saw three years ago.
It's the fastest hunk of junk in the galaxy.
Not sure whats driving the rise but let's keep it going!!
Still hopeful long term but wary this could drop like a rock at any time.
Let's hope! But I wouldn't bet on it short term.
Long term commodities have to come back at some point and we should be back in business.
Is this dog ever going to go up? Can't believe we are much closer to 200 than 300. I can't handle it if we go to 200.
This stock is severely broken.
It's been gutting. And I really didn't think this low was in the cards again. I guess live and learn.
Yea he is very conscious on how he appears to the public. He can be timing positive trade war improvements so the market rises when it is closer to election but its a fine line and go too far and world recession will be unavoidable with no pullback.
Then of course he could be just winging all of this. I have no faith in his abilities nor his advisers.
Anyway a 1% rise today! Lets do this everyday for a year!
You and me both. Never thought we would even be back to 250, nonetheless 220's.
Lets hope we hit a bottom and build from there. Glencore has a lot of work to do to get this going.
It's about 227 on US now.
I go to any market quoting site and get a quote for GLNCY. Convert that $ to GBP and divide by 2. You have to divide by 2 because that US is a 2 for 1 ADR, meaning its two glencore stocks in the ADR.