Request for Counsel GLEN … XXXXX Read in Wall St Journal they are investigating an Israeli diamond merchant .
Request for Counsel GLEN… XXXX Big fall today down 10% due to subpoena from US justice. Might be corruption .
Request for Counsel GLEN… XXXX Have not looked here since Sept 17… I was considering changing tact and buying into rise rather then taking profit. I did neither, they were about 372p in Sept rising to a high in of 415p Jan 18 an increase of 10% but fell back below September level in the last 6 months, recently around September level . All the mining heavyweights had a good day yesterday Friday up 5% GlEN… up 5% to 387p … And its up about 5% since my September look . Maybe an opportunity to buy into rise now.
Sold some today but ... Sold 2/5ths of my overall holding today @395p on the assumption I shall be able to re-buy at a lower price (perhaps @350p or under).My on-going position, which I intend as one of my larger, long-term investments (and the only major diversified miner I hold) now stands at an average of @287p per share. My intention is to carry on trading between ranges to work the average down as well as build the holding.When ii changed platform I was pursuing this policy using 'range trade' orders. After my prolonged absence, it was only when I received a much bigger dividend than I was expecting that I realised two of these orders had triggered buys (approx @344p and @365p) but the sale prices had not been achieved before the orders were wiped from the system. The sale today rectifies the position.GLEN is more volatile, but I have pursued this same strategy (trading around a position) with E.g. VOD over the last few years with some success as the effective yield becomes greater as trading profits are used to reduce the book price of the holding. I hope the extra volatility with GLEN will enable the process to proceed more quickly, with the initial goal to have a base holding that is yielding 15% p.a.
Re: Reason for today's price fall don't see any reason for vague suggestion of probe by cack handed UK fraud investigators to interfere with what could be a vigorous upward swing in the sp ascommodities come to the fore. And anway GLEN is not a UK company?
Re: Reason for today's price fall RE:Bribery probe.Ah well, no surprises there. Is it possible to do business in any of these central African countries (and many other regions of the world) without oiling the wheels of commerce in one way or another?
Reason for today's price fall [link]
Re: GLEN Chart looks very BULLISH I thought, I'll sell half my holding @400p, I'm bound to get a re-entry point about 340p or so at some point, lower still if the big crash finally comes around.What happened today? I'm well out of touch with commodity cycles having been absent for some months and it takes so long to catch up in this area. Is it the 'news' out of China that something of a downturn is on the way?Eadwig, currently holding two tranches @286p average.
Re: GLEN Chart looks very BULLISH So much for the technicals. Worst possible timing on today's drop.Cheers, RAC
GLEN Chart looks very BULLISH GLEN glencore...........looking a corker like most base metals. See how its broken out of the downward trend channel. Be careful with base miners as can be very volatile.<img src="[link]
Sterling dividend According to RNS no 0784N the Glencore dividend will be paid in £sterling to holders on the Jersey register. Why then is Interactive threatening to charge for the conversion?Last year's dividends were paid in sterling so what's changed or is this another failure on the updated platform?
Re: Guess the Divi is Happening Pinchers. see my post below. 10c on the 23rd May and another 10c in the autumn.Yes you can sell and still collect the divi. As long as you are on the register on ex-divi day, you still get the divi.
Re: Guess the Divi is Happening If they are paying back $ 2,900,000,000 back to shareholders, there are 14, 424,740,000 shares, that works out at 20 cents a share, or 15p a share converted to £. Approx £150 for every 1000 shares you have. Plus your normal divi of 10 cents per share. Approx £75 for every 1000 shares you have. Not too shabby, £225 per every 1000 Shares.Seems xd was 26th April, I assume you can sell your shares now and still get the divi?
Guess the Divi is Happening Resolution 2 by Special Resolution: To approve the Company's capital contribution reserves be reduced by US$2,900,000,000 and be repaid to shareholders99.99% Yes Vote[link]
Re: Weak performance From the Glencoe website.For 2018 a total distribution of $0.20 per share will be made if approved by shareholders at the AGM on 2 May. This would be payable in two equal parts in accordance with the record dates and timetables.Distribution payment date: Wednesday 23 MayPersonally, I intend to hold on to my shares. With dividends, I am showing an annualised paper profit of 6.1% at present.