Member Info for Redtom

Ken, you and me both ;-)

Now down about 3%. But whole market is down.
Could do with positive update on US:China talks.

Ken, nice one mate.

I'm totally out of Glen now but will prepare for another battle another day. I'm thinking we've had too good a run in all shares recently and there must be a pull back soon whether Brexit related or other reason related. Nice to have lots of cash to catch the odd bargain if they appear.

Craig,

I've built up a decent holding in PFC. At these levels I just think that the upside far outweighs the downside. SFO fine of £100mns or even bns is already built into the price. I personally see this rising to 450p on next to no news assuming dividend is maintained.

Scoop, unfortunately Pete sold the lot at 625p. He doesn't get many breaks.

Hi Ken, I kept 40000 but had to sell the rest. I'm resigning my job next week so I need to be more sensible and not put all my eggs in same basket. I think you are right. Based on this morning (which was a surprise) there does appear to be some momentum.

Feeling nervous so I've offloaded my load

Look at the last few messages?

My fears from yesterday are coming true I think. We will start in the red but who knows where it might go. Results & announcements were not overly positive.

This has gotta help with 2019 forecasts...

Looks like the SP is being dragged up closer to 300p. TY my American cousins.

One has to ask why this is dropping today when AA & RIO are rising and BHP has only dropped a bit after having fallen quite a lot earlier. What does the market know that we punters do not? Perhaps tomorrow will make this clear. But this drop makes me very nervous about tomorrow. As NK said earlier, any negative comment about any aspect can be enough to cause a bit drop irrespective of the good news elsewhere.
Call me pessimistic but I have a bad feeling about this.....

It seems that the markets are not expecting great news tomorrow. We are down almost as much as BHP whereas AA and RIO are both up. The markets are obviously nervous of something GLEN related but not sure what. Let's hope their concern is unfounded and they get a pleasant surprise in the morning.

Please can we cease with the bickering. It is making this board more like every other board.

Ken, yes very lucky re Plus. I think there is worse to come too reading about it. I think their accounts hide further adverse information that may come out in due course. Avoid like the plague until it settles.

Scoop, the big difference is the trading arm of Glenda. Analysts can broadly work out revenues etc based on production results but the trading profits are a bit of an unknown quantity. The diversification you mention also help. I'm mildly confident that the results (or actions associated with results, ie dividend buybacks, future growth) will be the persuading factor.

I hope that Glenda does not copy BHP tomorrow....

Looks like Pete has disappeared again. His posts from earlier have been removed.

"To lure investors back, Glencore is expected to return billions of dollars in the form of dividends and share buybacks. Jefferies analysts estimate it could buy back at least $4 billion of shares this year -- equal to about 7 percent of its market capitalization"

Billy,

The 20c from 2018 and the prospective 27c for 2019 are special dividends. I don't think there will be any extra than the 27c (or whatever amount they declare).
Glencore no longer has ordinary dividends, only special dividends.
I think 27c is generous and should be the only expected dividend. But I think they will extend (a couple more $bn) the share buy back programme whilst the SP is at current level.