Cant understand .... Glencore

[malleefarmer]

Loose 16% of there value in two days and everything is rosy need a share market guru to explain why.
thanks

[bucket]

It's a big company. With many streams of income.


Consider it a V8 in a chev that cuts out cylinders when going down a hill.

Some of the cylinders are cut out right now.

[TOM4CWB]

Mallee

Heavy into oil, copper and minerals; the China syndrome is hitting them hard. Currencies at war has cost them as well.

From Bloomberg:
"Glencore Plc’s initial public offering minted six billionaires in 2011, when Ivan Glasenberg and five other executives together controlled stakes worth $24 billion.
Today, only three would remain in that elite club -- based on the value of their holdings in the company -- and two of those are on the brink of losing their status after the shares of the leading commodity trader lost 70 percent since the flotation.
The May 2011 offering generated more wealth than the IPOs of some of Wall Street’s most prominent firms, including Goldman Sachs Group Inc. in 1999. Since then, Glencore’s share price has fallen every year, a decline that’s accelerated in recent months as concern China’s economy is slowing has seen commodity prices dive.
Glencore dropped 9.7 percent in London to close at a record low of 158.95 pence on Wednesday after the company reported a plunge in first-half profit. The shares, which rose 3.2 percent by 2:36 p.m. in London trading on Thursday, are down nearly 45 percent this year.
Glencore Chief Executive Officer Glasenberg remains an undisputed billionaire, but the value of his stake has dropped from $9.4 billion in May 2011 to $2.8 billion now, according to Bloomberg estimates based on public data.
Among his colleagues, the stakes controlled by Tor Peterson and Alex Beard, the heads of coal and oil respectively, are each worth less than $1 billion today.
Reinvesting Dividends
Gary Fegel, the former head of aluminum who left Glencore in 2013, was a billionaire at the time of the IPO based on his stake. Fegel has sold all his Glencore shares since he left and is no longer financially engaged with the trading house, he said in response to a Bloomberg query.
If he had continued to hold his stake in Glencore, it would be worth $385 million today.
Daniel Mate, head of zinc, and Telis Mistakidis, head of copper, are just above the billionaire line, with stakes valued at $1.04 billion and $1.03 billion, respectively, down from about $3.6 billion four years ago. If the shares drop another 5 percent, they will become multi-millionaires.
Glasenberg and some of his executives have bought more shares over the years, reinvesting their dividends.
Glencore declined to comment.

[sumdumguy]

You having a bad day? Ron Wayne was co-founder of Apple. Interesting, didn't know there were 3 of them.

When Apple was incorporated on April 2, 1976, Wayne was named alongside Steve Jobs and Steve Wozniak as one of three founders, with a 10 percent stake in the company. However, just 12 days after Apple started up — feeling out of his depth because he “was standing in the shadow of intellectual giants” — Wayne threw in the towel and sold his shares for just $800.

[wilagro]

Who gives a red rat's ass what Glencore does or is? They'll just pay less for your grain to make up for their downward spiral and you vill like it.

[stonepicker]

I see you don't understand marketing at all willagro. Never tried never will eh?

[wilagro]

stonepicker: Marketing of grain in western Canada is a frickin' joke in case you don't know it.
With the few players that are left in the grain buying business and the great number of elevator and complete track abandonments, farmers for the most part are presented with an increasing "take it or leave it" situation.
Deny it all you want but that IS the truth.
===

[blackpowder]

Willy must be on crop share. Hes believing what his tenants are telling him.

[stonepicker]

C'mon willagro almost all the elevator and track abandonments were done during the cwb era. Prices rise prices fall. How many people locked in a futures price of over 8.20 on dec. futures? even if basis is still 50. cents, that's 7.70 per bushel in your pocket.what's wrong with that? How many years did you get that with your beloved cwb? It takes awhile to grow after being under the staleness of communism for 74 years. Just ask russia.

[TOM4CWB]

Willy, You really should get out into the real world... and look at your options to sell grain... (Do you still actually sell grain anymore?)

Grain buyers we deal with Willy...!

There are more, well financed, competitive grain buyers today...

AllianceGrainTrade/SKCAN, WesternGrainTrade(Toepfer International Western Grain & Processing Division),
WA Pulse and Grain,
ColumbiaGrain,
Northern Grain,
ProvidenceGrain,
Pioneer,
Cargill,
Viterra/Glencore,
Bunge/G3,
ADM,
Husky(Lloyd ethanol),
Permolex(RedDeer)
FederatedCoop,
Masterfeeds/Ridley,
Champion,
Unifeed,
Local feed mills at Irma(Venture Feeds) and Killam (Killam Feeds)
BattleRiverRail/Alliance(ProducerCarLoaders)
MarketMasters,
Many local seed cleaning plants we deal with who buy Grain other than seed...
Then all our seed buyers on top...!!!

Willy you really should check some of these out...

[mustardman]

Well at least Glencore's founder (Mark Rich) is No longer on the FBI most Wanted list.

[tweety]

Technically Market Masters isn't a grain buyer.