Originally posted by BlasterBates
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Share Investment, Discussion & Tips
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Originally posted by Andy2 View PostShareholders don't get anything. Bond holders have the first right to assets.
Assets 148 billion
If the assets are sold at 148 billion
148 billion - 100 billion = 48 billion
48 billion is the book value of the company.
http://www.glencore.com/assets/inves...eport-2015.pdf
They have huge inventories of copper, zinc and nickel all priced up in their half yearly report and mining assets to sell.
Of course now the question is do you do that now or wait; that's the conundrum that Glencore faces, uncertainty but they do have a lot levers to pull to get cash when they need it.
Sure if they restructure the business it ends up smaller and not as profitable in the long run, but that's not bankruptcy.Last edited by BlasterBates; 29 September 2015, 21:25.I'm alright JackComment
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More likely that the original investors will take the opportunity to take the company back into private hands.
Then they can refinance without the hindrance of being a public company, rebrand and then re-float in a few years time when everyone has forgotten.Comment
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Originally posted by BlasterBates View PostDebt including bond holders is 100 billion
Assets 148 billion
Assets - most certainly LESS than quoted.
There might be a cheap big wheel tractor sale soon. xoggoth might be interested for that funny farm of his...Comment
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Originally posted by AtW View PostDebt is most certainly the same as quoted OR higher.
Assets - most certainly LESS than quoted.Comment
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Originally posted by tomtomagain View PostMore likely that the original investors will take the opportunity to take the company back into private hands.
Then they can refinance without the hindrance of being a public company, rebrand and then re-float in a few years time when everyone has forgotten.
This is what will probably happen if things go on like this. Could be heading for the division of the company into separate entities for trading and mining.I'm alright JackComment
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Originally posted by BlasterBates View PostDebt including bond holders is 100 billion
Assets 148 billion
If the assets are sold at 148 billion
148 billion - 100 billion = 48 billion
48 billion is the book value of the company.
http://www.glencore.com/assets/inves...eport-2015.pdf
They have huge inventories of copper, zinc and nickel all priced up in their half yearly report and mining assets to sell.
Of course now the question is do you do that now or wait; that's the conundrum that Glencore faces, uncertainty but they do have a lot levers to pull to get cash when they need it.
Sure if they restructure the business it ends up smaller and not as profitable in the long run, but that's not bankruptcy.Last edited by SimonMac; 30 September 2015, 07:05.Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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Originally posted by SimonMac View PostBut the assets are only worth what someone is willing to pay for them, and as the commodity price has dropped so too has their asset value, and in a firesale all bets are off as to what you might get ignoring what its worth
http://www.bloomberg.com/news/articl...-shopping-list
There seems to be a perception that Glencore is about to declare bankruptcy. If that were the case Citi Group and Morgan stanley wouldn't have stumped up $1.6 billion for the share issue.
Petrobras was downgraded to junk status in 2010, 5 years ago, ....now Petrobras is in danger of bankruptcy in the next few months.Last edited by BlasterBates; 30 September 2015, 07:50.I'm alright JackComment
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I suppose the only redeeming fetaure of making a punt on a share like this, is downside is limited to zero, upside is unlimited. Who knows, share price from here could go up 10x current price in the next boom.
However, it might go nowhere for 5 years, which ties up that capital which could be better served elsewhere.Comment
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