Glencore crashing

Discussion in 'Stocks & Derivatives' started by Caput Lupinum, Sep 28, 2015.

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  1. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Caput Lupinum, Sep 28, 2015
    #1
  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    wrcmad, Sep 28, 2015
    #2
  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Down 22% and change
     
    Caput Lupinum, Sep 28, 2015
    #3
  4. Miloman

    Miloman Active Member Silver Stacker

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    What was this company worth at its peak? (did it do any shares splits since then?)
     
    Miloman, Sep 28, 2015
    #4
  5. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    As far as I'm aware it hasn't had any share splits since the merger with Xstrata in 2013
     
    Caput Lupinum, Sep 28, 2015
    #5
  6. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Crash? Crash??? Tis but a flesh wound.

    [​IMG]
     
    SpacePete, Sep 28, 2015
    #6
  7. Miloman

    Miloman Active Member Silver Stacker

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    Wow $300-400 range to $70, not too bad though they still look like they have a way to go.

    Especially with China's big announcement.
     
    Miloman, Sep 28, 2015
    #7
  8. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Down 29.5% for the day. That's gotta hurt. It pretty much closed on its low and below a psychological round number. Good chance it will continue to slide tomorrow
     
    Caput Lupinum, Sep 28, 2015
    #8
  9. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    It's debt has been downgraded to junk, they're talking about it being a contagion risk on CNBC (whatever that's worth).
     
    phrenzy, Sep 29, 2015
    #9
  10. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Have you got a link to the downgrade?
     
    Caput Lupinum, Sep 29, 2015
    #10
  11. aleks

    aleks Well-Known Member Silver Stacker

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    Already heard a sound byte: Glencore the lehman moment in commodities.

    I wonder if their traders were shorting copper while they were digging it out of the ground :lol:
     
    aleks, Sep 29, 2015
    #11
  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    JulieW, Sep 29, 2015
    #12
  13. willrocks

    willrocks Well-Known Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=s-G_8tlOTUY[/youtube]
     
    willrocks, Sep 29, 2015
    #13
  14. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    phrenzy, Sep 29, 2015
    #14
  15. TingTing

    TingTing Member

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    So I guess now they are "junk" they have a big problem with Credit Default Swaps? I saw somewhere the cost of their CDS (insurance against a default) has increased 40% last week. 40% that shareholders have had to fork out for!! No wonder they are tanking.

    And they are linked to Trillions in Derivatives which will drag a bunch of other people down.

    Glencoe appears to owe $30B but is worth $16B and if commodities drop much more they are in the POO.
     
    TingTing, Sep 30, 2015
    #15
  16. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Opinion seems to be divided on what the real value of the company is at current commodities prices, some people say it's worth more than the current price even after the 17% rebound overnight, others that it's value is 0 or less.

    Apparently they have some primo agriculture assets here in South Australia though. things that would be snapped up in a heart beat if they did have to part out the company.
     
    phrenzy, Sep 30, 2015
    #16
  17. Miloman

    Miloman Active Member Silver Stacker

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    Miloman, Sep 30, 2015
    #17
  18. errol43

    errol43 New Member Silver Stacker

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    re post 15...Trillions in DERIVATIVES...Bye Bye Glencore. :)

    Regards Errol 43
     
    errol43, Sep 30, 2015
    #18
  19. havo

    havo Member Silver Stacker

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    china economy & commodity collapse
     
    havo, Oct 2, 2015
    #19
  20. errol43

    errol43 New Member Silver Stacker

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    What is the latest on Glencore?

    Regards Errol 43
     
    errol43, Oct 6, 2015
    #20
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