The Glencore share price is down 36%! Is it worth buying?

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Anna Sokolidou does not have any position in any of the shares mentioned in this article. The Motley Fool UK owns shares of and has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. See all posts by Anna Sokolidou Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares The Glencore share price is down 36%! Is it worth buying? Enter Your Email Addresscenter_img The Glencore (LSE:GLEN) share price dropped dramatically because of the Covid-19 pandemic. But could the mining company’s stock fully recover and make its holders rich?   Glencore share priceGlencore specialises in the mining of cobalt, nickel, copper, zinc, lead, aluminium, gold, and silver. It also extracts oil and gas. As we all know, due to the coronavirus outbreak, lockdowns, and resulting recession, there has been quite low demand for natural resources. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…So, the commodities producers have been on sale for a while. Even though Glencore’s stock has recently seen some upsurge, it is still more than a third below the January levels.  The company’s newsTesla, an overhyped American car maker, is increasing its electric vehicle (EV) production. To do so, Tesla needs to buy cobalt, a material essential for making batteries. It signed a contract with Glencore to supply this material. But the good news for the mining company does not end here.Growing consumer interest in environmental issues has prompted many other car producers, including BMW, start producing electric vehicles. In order to do so, they also need cobalt. But this material isn’t just used for producing EVs, it is also needed by companies producing laptops and smartphones. So, Glencore is in an excellent position, since it is the leader in mining this material. However, investors should be aware of the reputational risks linked to Glencore’s cobalt production. The problem is that most cobalt comes from Congo, where child labour is used. In December 2019, the mining company even had to issue a news release saying that it did not use any forms of child labour. Is Glencore worth investors’ attention?The 2019 results were not amazing for Glencore. The mining company reported its first annual net loss in five years. Remember that there was no coronavirus lockdown in 2019. As my colleague Alan Oscroft very correctly pointed out in his February article, a couple of tough years might be ahead for Glencore. It really looks so, since the Covid-19 pandemic appears to particularly harmful to natural resources companies.In terms of dividends, it seems that the company won’t be able to announce or pay any new dividends this year and will instead try to conserve cash. So, its attractive dividend yield of over 11% it not sustainable after all.Glencore still has an investment-grade credit rating. Moody’s rates the mining company as Baa1, or lower investment grade. However, the agency noted that the company borrowed heavily in 2019 when commodity prices were quite low. At the same time, Glencore paid its shareholders substantial dividends, thus decreasing its free cash flow. Covid-19 has made the situation much worse. But Moody’s still thinks that Glencore will be cash positive in 2020 because probably not paying dividends. Since the pandemic crashed many developing countries’ currencies, some of Glencore’s costs went down too. This is because the mining company operates in these countries and has to export the commodities elsewhere.    Although Glencore could be worth buying for patient investors, I think that there are still better alternatives in the mining industry and other sectors. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Anna Sokolidou | Friday, 19th June, 2020 | More on: GLEN I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.last_img read more

City County Observer Makes Arrangement With ProPublica Newsroom

first_img The City-County Observer is pleased to announce that they have worked out an arrangement to use the contents published in the online award-winning ProPublica publication.ProPublica is an independent, nonprofit newsroom that produces investigative journalism with moral force. They dig deep into important issues, shining a light on abuses of power and betrayals of public trust and they stick with those issues as long as it takes to hold power to account. With a team of more than 50 dedicated reporters and editors.ProPublica covers a range of topics including government and politics, business, criminal justice, the environment, education, healthcare, immigration, and technology. They focus on stories with the potential to spur real-world impact.Among other positive changes, their reporting has contributed to the passage of new laws; reversals of harmful policies and practices; and accountability for leaders at local, state and national levels. Investigative journalism requires a great deal of time and resources, and many newsrooms can no longer afford to take on this kind of deep-dive reporting.As a nonprofit, ProPublica work is powered primarily through donations. The vast bulk of the money they spend goes directly into a world-class, award-winning journalism. They are committed to uncovering the truth, no matter how long it takes or how much it costs, and they practice transparent financial reporting so donors know how their dollars are spent.ProPublica was founded in 2007-2008 with the belief that investigative journalism is critical to our democracy. Their staff remains dedicated to carrying forward the important work of exposing corruption, informing the public about complex issues, and using the power of investigative journalism to spur reform.Partnerships are one of the ways that ProPublica can seek to maximize the impact of journalism. Since 2008, ProPublica has partnered with hundreds of other news organizations to report, edit, distribute, and create local content around their investigations. In the future, City-County Observer hopes to partner with ProPublica on doing investigative articles on local issues concerning the not so obvious.FOOTNOTE: The MISSION of ProPublica is to expose abuses of power and betrayals of the public trust by government, business, and other institutions, using the moral force of investigative journalism to spur reform through the sustained spotlighting of wrongdoing.ProPublica is honored to have been recognized by their peers. ProPublica and members of their staff have been honored for the quality of our work, the ethics of our journalists, and the innovative spirit of our newsroom. Since they began publishing in 2008, ProPublica has received four Pulitzer Prizes, three Peabody Awards, two Emmy Awards, five George Polk Awards, three Online Journalism Awards for General Excellence and a National Magazine Award among others.FacebookTwitterCopy LinkEmailSharelast_img read more

Navy Pilot From Ocean City to Emcee StandUp4SEALS Event on May 24

first_imgBen Charles does a fly-by during the Ocean City Air Show in September 2012.Lieutenant Commander Ben “Julie” Charles will be emcee for the second annual StandUp4SEALS Beach Challenge in Ocean City on May 24.Charles is a graduate of  Ocean City High School (1995) and the United States Naval Academy and a decorated U.S. Navy pilot with more than 2,500 flight hours including many combat missions.In its first year, StandUp4SEALS attracted more than 650 competitors for three combined events and raised $46,515 to benefit the families of Navy SEALS killed in service. Event organizers have a fundraising goal of $150,000 this year.Read a description of the event from event organizers: WHAT: Athletes and military community members will meet on the Ocean City beach on Saturday, May 24, for the second annual “Stand Up 4 SEALs” fundraiser, benefiting the 31 Heroes Project, the Travis Manion Foundation and the Navy SEAL Foundation through their One Team One Fight partnership.Hosted by 31 Heroes, the race consists of three simultaneous events, including a beach obstacle course, a stand-up paddleboard event and a kids’ run.The event is expected to draw up to 1000 people; last year, 650 people, including locals and New Jersey and Philadelphia vacationers, attended the fundraiser, raising more than $35,000 for the cause.This event is sponsored by Xfinity (Comcast); Substructure, Inc; United Communities/First Montgomery Group; Dietz & Watson; Halliday-Leonard General Contractors; ShopRite and Fox Real Estate.WHY: Our military risks everything to protect America’s freedom. It is critical that funds are raised to support them and their families through the 31Heroes Project, Travis Manion Foundation, and the Navy SEAL Foundation.WHO: Hundreds of ocean athletes, adventure racers and competitors of all ages will square off in this second annual beach event. Representatives from local schools, businesses, government agencies and law enforcement groups will cheer on the participants.WHEN: Packet pick-up day and sponsor display: May 23, 2014. Race day: May 24, 2014 – race starts at 8 a.m.WHERE: Ocean City Music Pier, Ocean City, NJHOW:  Register to participate in the event.Read more about the StandUp4SEALS events and how to help. MORE ABOUT BEN CHARLES:Charles graduated from Ocean City High School in 1995.  He received an appointment to the United States Naval Academy where he received a Bachelor of Science degree in Ocean Engineering.  After graduation, LCDR Charles was commissioned into the United States Navy in May of 1999.Ben attended flight training in Pensacola, Florida and was winged a Naval Flight Officer in February of 2001.  After flight training, he received orders to VS-41 “Shamrocks” in San Diego, California for S-3B “Viking” Replacement Aircrew Training.  LCDR Charles then received orders to the “Red Griffins” of VS-38 stationed in Coronado, California and deployed with CARRIER AIR WING TWO attached to the USS CONSTELLATION (CV-64) in support of OPERATION SOUTHERN WATCH and ultimately OPERATION IRAQI FREEDOM in 2002.  With the Red Griffins, LCDR Charles flew multiple combat missions and logged almost 1,000 hours in the S-3B Viking.After a short stint as an S-3B instructor in San Diego, California, Ben returned to flight school to attend pilot training in Corpus Christi and Kingsville, Texas.  LCDR Charles was designated and winged a Naval Aviator in 2006 and moved to Lemoore, California to pilot the F/A-18F “Super Hornet” with the “Black Knights” of VFA-154.  While attached to the Black Knights, LCDR Charles embarked on multiple combat deployments attached to CARRIER AIR WINGS NINE and SEVENTEEN onboard USS JOHN C. STENNIS (CVN-74) and USS RONALD REAGAN (CVN-76) in support of OPERATIONS IRAQI FREEDOM (OIF) and ENDURING FREEDOM (OEF).In October 2010, LCDR Charles received orders to VFA-122 “Flying Eagles” and Strike Fighter Wing Pacific as a Department Head and an F/A-18A-F Instructor.  During his tour in VFA-122, Ben received his MBA from the Naval Postgraduate School in Monterey, California.  Currently, LCDR Charles is serving as the Fleet Project Team lead with Strike Fighter Wing Pacific in Lemoore, California and has just received orders to CARRIER AIR WING ELEVEN to serve as the Strike Operations officer where he will return to sea onboard the USS NIMITZ (CVN-68).LCDR Ben Charles has accumulated over 2,500 flight hours and 350 carrier arrested landings.  His personal awards include Strike/Flight Air Medal, Navy Commendation Medal (2), Navy Achievement Medal (2), and various other awards.LCDR Charles is married to Heidi of Portland, Oregon and they have two children, Avery and Gus.last_img read more

Aryzta sells bond to refinance debts

first_imgAryzta has sold its second hybrid bond for CHF300m (£210.6m), which the company has said will be used to refinance its debts.In a statement issued yesterday (19 March), the Swiss-based bakery products business said the move was completed by UBS, Credit Suisse and Zürcher Kantonalbank, which Aryzta said had acted as joint bookrunners for the transaction.The firm said: “The Hybrid Instrument offers investors a coupon of 4% and is undated, with an initial call date by Aryzta after five years.”Earlier this month, the company revealed a 8.2% rise in group revenue to €2.07bn (£1.8bn), for the six months to the end of January, as well as a 5.5% increase in net profit to €129.4m (£110.4m).Owen Killian, chief executive, said: “Aryzta’s underlying net profit performance was robust despite challenging trading conditions.”last_img read more