32 replies to this topic

[Shi]

_{https://www.iol.co.za/business-report/glencores-role-in-paradisepapers-leak-11873559}

#ParadisePapers

Edited by Shi, 06 November 2017 - 09:17 AM.

[SoleTrader]

This company is most likely the best resouce counter listed on the JSE, and probably globally. On their new dividend policy, it is trading on a DY of 4% into 2018. I took some on Friday, just feeling like a dimwit that I sold out earlier at R27,50. Any case, I still think it was the right decision at the time.

[SB45]

http://www.bloomberg...pany-s-strategy

[SB45]

How quickly things change, Ivan made a play for Rio, and now Sam is in a position to make a play for Glencore but he is not interested

 

Its seems banks are sticking by Ivan "a good cash cow" for them,

[soutie]

Check mineweb there's an article about X2 buying coal assets in OZ

[SB45]

I wonder if Mick would be buying any of the Glencore Mines for sale with his X2, does anyone know what he is up to these days?

[SB45]

@Sole Trader, give that man a bells, well played

[soutie]

Great trade SoleTrader, love to hear trades like this,

 

+1 Well Done Sole Trader

[Beorn]

IMO.<br />The guys running Glencore are some of the smartest teams out there, and they are always a couple of steps ahead.<br /><br />I think the low is in, and any new lows are to be bought into.<br /><br />I started buying GLN from R21 to R18.<br />And I am keeping it for a long term investment.<br /><br />My only regret is that I didn't buy more!

[SoleTrader]

If glencore goes under it will have global consequences. I'd like to put it in the Too big to collapse camp.

[saint1]

R27.50. Out. R120k banked. Thank you

Great trade SoleTrader, love to hear trades like this,

[Bits]

R27.50. Out. R120k banked. Thank you

Well played.. would love to know if that noise in the background is the fat lady clearing her throat... or domino's starting to fall...

[SoleTrader]

R27.50. Out. R120k banked. Thank you

[soutie]

Hey SB45

 

As it stands for me anyway me thinks there's some concerned dialogue going on at some big global banks to clarify just what commodity ie coal/zinc/copper & how much exposure they have to each. Then I reckon there will be some re-balancing (just don't know a decent link to follow for accurate data) that is where I'm gonna search next....On a more macro level bank bosses are going to remember Lehman Bros & how quick that un-ravelled......This trading "Black Box" that gets mentioned is what is intriguing for me as that could be the catalyst for the drop with volume....bit like that 90mil dump day last week......Went long at open as you mention based on SENS but have closed already for weekend booze money & contemplating a short....

 

Anything I digs up of importance I'll post.

Cheers for your take & more importantly the niggle you gave me that GLN is not just a no brainer buy....

[SB45]

@Soutie,

 

Do you recall that on the mainstream media made less noise was made about the Goldman report that came out the Friday before the Investec report?

 

On the 28/09/2015 I told you I was concerned about the trading desk debt exposure,  I did not know what that would be until the figure of $100bln came about recently (see CNBC Brian Sullivan vs Paul Gait ).

 

Your response to me was follow the "real CLEVER money" I consider Goldman Sachs, the "real CLEVER money" (since they can pull a rabbit out of a hat) recall GFC and found that they are not exposed

 

A chance of them defaulting , well that could be another catastrophe, a downgrading to junk, cost of debt increases and knocks on earnings which is not good for an investor. This knock in my opinion would be much faster than a rise in commodity prices as they work out the glut in the market currently.

 

This spike, this morning, is due to cut in Zinc and jobs ( which would have indicated a buy for this morning), are finances sorted? Well........as you said the stress tests will be the proof..

 

This is what I have read , and yes I can write you spy novel about this matter as well  and it would start with a Glencore IPO....

 

What are your predictions on the stress tests?

[soutie]

Morning SB45

 

What's the deal....dear man/woman.....? I've been reading as much as I can get on GLN mainly because I've been trading these moves. The next saga would be stress tests on banks exposure to GLN commodity trading business with some huge numbers being thrown around.

 

If you have some other enlightening info please share.....Your posts are short, cryptic & imply you is on the inside track....

Or is you a reader of spy novels.....

[SB45]

@Sole Trader, before you shoot the Analyst at Invest and Goldman, hang on, the show is not over yet.....

[SoleTrader]

Sold at R20 and bought back at R15.80.

 

Still holding - the Investec analysts need to be shot for that irresponsible report

[Queen B]

Was tempted to take a nibble last week at R15.00, but thought better of it after the Lonmin freefall

In hindsight, would have been a good gamble

Guys who did take the plunge must be smiling today

[jaDEB]

Time to start nibbling yet? I bought some at 2150

 

Did u keep or sell ?