|10:20 18/05/2013||Re: 1870|
| This share AAL is now back to a mid to long term hold, as it always has been,lack of focus on the markets by the last ceo, caused much of the problems, add in the slide in metal prices, Nickel another prime metal has slid considerably in the last 3 months,which i do not see as boding well further down the line for other markets,as this is a prime indicator for poor growth, or surplus supply.At the prices last week this is certainly still a weak or opportunistic buy for the longer term.dyor By churjones
|18:57 14/05/2013||Re: 1870|
| 1870o sounds plain loopy now until gold rebounds. You unfortunately could not predict the great gold and platinum short-sell with relatively minor Reserves market release in March '13. Good luck with gold going forward, its doldrums are short-lived unlike most other metals.
NEW YORK/LONDON | Tue May 14, 2013 10:36pm IST
(Reuters) - Gold prices fell on Tuesday, as economic optimism and another intraday record high in U.S. equities sapped bullion's safe-haven appeal.
In other precious metals, silver fell 1 percent to $23.37 an ounce, platinum was up 1.8 percent to $1,502 an ounce and palladium rose 1.4 percent to $724.72 an ounce.
[Gold] [today] is set to fall for a fourth consecutive session. It erased earlier gains after the S&P 500 index rallied about 1 percent on broad gains in shares in banks and financial institutions.
Credit-rating agency Fitch's upgrade on Greece's sovereign debt also dent gold's appeal as a hedge against economic uncertainty.
A halt in the liquidation in exchange-traded funds after months of hefty outflows, and strong physical demand in coins and bars around the world after the mid-April selloff provided underlying demand.
Analysts cited Akshaya Tritiya, a key gold-buying Hindu festival on Monday, for a near-term boost to bullion prices. By smartinvestor4
| 10 May 2013:
"Nomura says Rio Tinto (RIO.L) is the mining group best placed to respond to shareholder pressure for improved dividends and return of capital.
Nomuras metals and mining team believe Rio could return between $20 billion (£13 billion) and $30 billion (£19.3 billion) to shareholders by 2015 if it used its balance sheet strength to borrow more money.
It says Rio would need to sell less than $5 billion of assets to start a share buyback programme earlier than the market expects. On the basis of this regearing opportunity it rates the stock a buy with a £37 target price. The shares dipped 12 yesterday to £30.88.
Nomura sees similar potential in BHP Billiton (BLT.L ) [buy, target price £24] and Antofagasta (ANTO.L ) [neutral, target price £12].
But it views the dividends at Anglo American (AAL.L) and ENRC (ENRC.L) could be [more] at risk and rates them neutral with target prices of £17 and 300p."
However this is equally a miner with substantial assets and equipment, so keep your eyes peeled for new projects on news wires. By smartinvestor4
|18:42 14/05/2013||Re: Are we at bottom, or is there a sub-sea ...|
| Is there a sub-sea level you want to mine.
That by the way was a cheeky idea for the board, but please tell Reuters or FT first, not your friends! By smartinvestor4
|18:37 14/05/2013||Are we at bottom, or is there a sub-sea floor you are interested in mining?|
| Now may be the bottom, indeed as mentioned in my view until mid/late June 2013 it will not be clear we have officially reached rock bottom with this heavyweight miner. I will be expecting a trawl along the bottom until market prices of Gold, Platinum and the board's strategy for this financial year is sorted out. One to watch. By smartinvestor4
|22:14 10/05/2013||Re: Oversold or Mis-judgement|
| Well obviously the market, even ex-dividend from 22 March 2013 seeing short term sustained doldrums doesn't think profits for the next financial year will be greater, and going forward for better returns the revised platinum strategy needs 2013-14 to be tested, however as roughly 5% at a price of 1500 was returned last financial year, come August a similar equation will be flicking through medium-long term investors' minds which is that in perhaps perceived as a relatively low risk market they reasonably speculate on 1% in August and 3% come next March, which could fill that mining heavyweight basket of yours better than some of the others. However what with turbulence on gold and platinum and this change in strategy, I personally am not expecting rock bottom until June. By smartinvestor4
|11:56 29/04/2013||Re: Oversold or Mis-judgement|
| Agree with you - went through all the miners again - all have been hammered but agree too much - Anglo still the cheapest by most measures
FD By farmerdave
|9:47 29/04/2013||Oversold or Mis-judgement|
| Surely these are oversold even in a market in turmoil,or have i missed something,a company world class with reserves awaiting the spade, a dividend even when profits fall and a long history of success. A new brush, sorry new one out of the cupboard,to sweep clean, and the price falls near to the levels of 2008.dyor By churjones
|7:43 22/04/2013||Re: Toped up.|
| I hope your confidence in the long-term appeal is well placed. I bought another tranche a little too early so my price was not as good as yours, but at least it is in profit now. I am hoping that most of the current broker estimates are a little on the low side since I am targeting a return to the low 20's. By Bowman
|14:47 21/04/2013||Re: Toped up.|
| it just kept going through alerts i set.
had some spare cash, chose this for long term buy.
|7:37 18/04/2013||Re: Toped up.|
Was there a specific trigger that prompted your purchase? Is there a target price you have for subsequent disposal?
It seems that the sp is still falling, although some of the indicators show potential for a direction reversal. Most comment I have seen has been rather negative, and the sp targets set by most brokers seem to be quite low.
http://tinyurl.com/c7eajd4 By Bowman
|20:33 17/04/2013||Toped up.|
| 1550.3 By Ripley94
| From ADVFN:
"Markets seem to be getting ahead of themselves with regards to Anglo American, analysts at Nomura write this morning.
In particular, optimism regarding the incoming new Chief Executive Officer, Mark Cutifani, on April 3rd, has seen the shares rise to the point where investors are now paying approximately 14 times the company's estimated earnings for this coming year, versus 13 times for rival BHP Billiton or 9 times for Rio Tinto. Investors think he will move to unlock value by unbundling assets. However, that does not justify the above premium.
Then there is the fact that current year consensus earnings are too high in their opinion. The other negative factors include the weak track record on delivery, the continuing operational issues at key assets and the South Africa risk. For all of the above reasons Nomura lowers its price on Anglo American to 1,700p from 1,800p and downgrades to reduce from neutral. "
SP down to approx 1850 today.
nk By nk1999
| down to 1870 next week then back up
just my opinion By greentrader123
|23:20 21/02/2013||JP Morgan|
| From Citywire:
"JP Morgan cuts target price for Anglo American
JP Morgan analyst James McGeoch has trimmed his target price for mining company Anglo American (AAL.L) after it published underwhelming guidance figures for the year ahead.
The group's 2012 operating profits came in at $6.16 billion, 2% ahead of McGeoch's forecast, and underlying earnings of $2.84 billion were 15% ahead, driven by lower than anticipated tax, interest and minorities.
However, McGeoch wasn't impressed by the forward-looking guidance. Capital expenditure guidance for the year ahead was $1.75 billion-2.75 billion above his forecasts, which he said implies the company will be moving into negative free cash flow territory, 'just as most of the peer group are moving in the opposite direction'.
'While we recognise the medium-term, self-help story around the new CEO providing positive momentum, we remain concerned around the structural issues the company faces. Coupled with an uninspiring valuation, we therefore retain our underweight recommendation,' he added. His target price falls from £16.80 to £16.40.
Shares in the group closed at £19.51 on Wednesday, down 44.3p or 2.2%."
nk By nk1999