GLEN LN

Glencore PLC

Industrial/Transportation, Energy


Presented:10/15/2015
Price:£1.16
Cap:$23.13B
Current Price:£4.04
Cap:$75.51B

Presented

Date10/15/2015
Price£1.16
Market Cap$23.13B
Ent Value$100.51B
P/E RatioN/A
Book Value£2.18
Div Yield0%
Shares O/S12,977.30M
Ave Daily Vol96,622,591
Short IntN/A

Current

Price£4.04
Market Cap$75.51B
Glencore Plc is a holding company, which engages in the producing and marketing of commodities. It operates through the following three segments: Metals and Minerals, Energy Products and Agricultural Products. The Metals and Minerals segment includes zinc, copper, lead, alumina, aluminum, ferro alloys, nickel, cobalt and iron ore, including smelting, refining, mining, processing and storage related operations of the relevant commodities. The Energy Products segment includes crude oil, oil products, steam coal and metallurgical coal supported by investments in coal mining and oil production operations, ports, vessels and storage facilities. The Agricultural Products segment includes wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, bio-fuels, cotton and sugar supported by investments in farming, storage, handling, processing and port facilities. The company was founded in 1974 and is headquartered in Baar, Switzerland.

Publicly traded companies mentioned herein: Glencore PLC (GLEN LN)

Highlights

The presenter said he is short shares of Glencore (at ~117 GBp) and is also long the 5yr CDS at ~600. In addition, he thinks there is some asymmetry in the corporate debt as many of the issues are trading in the 90s. While the company and its securities have been under pressure since May, there may be further downside risk due to global commodity price pressure and heavy indebtedness.

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Idea Discussion

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