Glencore
Note: This is a daily stock update and the information stands true as of 02/06/25, 09:00 CET.
Company Update:
Expert Opinion:
Our expert still sees Glencore with a lot of value over the long run. The stock massively underperformed the sector for reasons that are still unclear to him. Valuation remains very attractive as highlighted by the recent purchase of shares by Ivan Glasenberg, the former CEO of the firm. Please contact sales@alphavalue.eu for exchanges with our analyst on mining to discuss any of these elements.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
Company Update:
All coal assets are now under one single legal entity in Australia. Glencore owns coal mines in Australia and South Africa and is the largest producer and exporter of thermal coal. Last year Glencore canceled its plan to spin off its coal assets.
We see this move as very interesting as it potentially opens the way to either a spin off or a disposal of this asset if situation demands it. We notably believe that in the case of a merger with Rio Tinto, having the coal asset segregated under a single legal entity would be very positive. As a reminder, merger of Glencore and Rio Tinto had surfaced earlier this year and we believe such a move would make a lot of sense.
Expert Opinion:
Our expert still sees Glencore with a lot of value over the long run. The stock massively underperformed the sector for reasons that are still unclear to him. Valuation remains very attractive as highlighted by the recent purchase of shares by Ivan Glasenberg, the former CEO of the firm. Please contact sales@alphavalue.eu for exchanges with our analyst on mining to discuss any of these elements.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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