Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Anglo American    AAL   GB00B1XZS820

ANGLO AMERICAN (AAL)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

FTSE hits bump as banks fall; Imagination Tech flies

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/25/2017 | 08:10pm CEST
A sign displays the crest and name of the London Stock Exchange in London

LONDON (Reuters) - The UK's top share index pulled away from a one-week high on Monday as losses among heavyweight financials and commodities-linked sectors weighed.

Small cap Imagination Tech soared after a buyout fund agreed to buy the chip designer.

The blue chip FTSE 100 <.FTSE> index fell 0.1 percent to 7,301.29 points, underperforming a slightly positive European market following the result of the German general election.

While Chancellor Angela Merkel won a fourth term in office, the result pointed to a potentially fragile coalition.

Falls among British financials such as HSBC (>> HSBC Holdings), Barclays (>> Barclays) and Lloyds (>> Lloyds Banking Group) took the most points off the index as investors scaled back their exposure to risky assets.

Cyclical mining stocks also pulled back, with Rio Tinto (>> Rio Tinto), Anglo American (>> Anglo American) and BHP Billiton (>> BHP Billiton Plc) all down more than 1 percent due to a weaker copper price.

Oil heavyweights Royal Dutch Shell <RDSa.L> and BP (>> BP) reversed earlier losses after Brent crude oil prices rose to their highest level since July 2015.

Recent strength in sterling and a more hawkish tone from the Bank of England have put pressure on UK equities, as the more internationally-exposed blue chips had benefited from an accounting boost thanks to a plunge in the pound in the immediate aftermath of last year's Brexit vote.

"We are underweight UK equities against European equities at the moment which is largely due to what we are seeing (as) a convergence in earnings growth," Maximilian Kunkel, Chief Investment Officer for Germany, UBS Wealth Management, said.

"We've recently seen very, very strong earnings growth in the UK largely helped by the weakness of the pound, and relatively strong local growth also – we think that that is going to revert," Kunkel added.

Among individual stock moves, a price target cut from Jefferies weighed on shares in Mediclinic (>> Mediclinic International), which fell around 5 percent, with analysts saying that they expected Mediclinic's upcoming update to disappoint the market.

Moves were more pronounced among smaller UK firms, with shares in mid cap Tullow Oil (>> Tullow Oil) jumping 7.1 percent after the oil producer said that expected to resume drilling at its TEN fields following an international ruling on an ocean boundary between Ghana and Ivory Coast.

Imagination Technologies (>> Imagination Technologies Group plc) scored its best day since June 2009, shooting 28 percent higher after Canyon Bridge Capital Partners said that it would buy the British firm.

Imagination Technologies saw its shares slump more than 60 percent earlier this year after it was ditched by Apple <APPL.O>, its biggest customer.

"The bid price of 182p looks a good outcome considering the underlying business is structurally unprofitable without Apple royalties," analysts at Investec said in a note.

(Reporting by Kit Rees, additional reporting by Danilo Masoni,editing by Jeremy Gaunt)

By Kit Rees

Stocks mentioned in the article
ChangeLast1st jan.
APPLE -0.29% 184.92 Delayed Quote.9.27%
BARCLAYS 2.01% 194.02 Delayed Quote.-4.47%
BHP BILLITON PLC 1.96% 1666.2 Delayed Quote.9.44%
BP 3.06% 576.6 Delayed Quote.7.98%
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.-5.90%
HSBC HOLDINGS 1.81% 720.9 Delayed Quote.-6.00%
IMAGINATION TECHNOLOGIES GROUP PLC -0.14% 181.25 Delayed Quote.-28.08%
LLOYDS BANKING GROUP 1.24% 62.12 Delayed Quote.-9.84%
MEDICLINIC INTERNATIONAL 0.44% 542.4 Delayed Quote.-16.49%
RIO TINTO 1.94% 4182 Delayed Quote.6.09%
TULLOW OIL 4.14% 236.7 Delayed Quote.10.36%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANGLO AMERICAN
06/19ANGLO AMERICAN : agrees to increase Mitsubishi's interest in Quellaveco by 21.9%..
AQ
06/14ANGLO AMERICAN : Mitsubishi to increase interest in Quellaveco
PU
05/29ANGLO AMERICAN : De Beers sees sparkle in synthetic diamond jewellery
RE
05/24ANGLO AMERICAN : rough diamond sales value for De Beers' fourth sales cycle of 2..
AQ
05/24Deadly protests land a blow to Indian resources magnate Agarwal's ambitions
RE
05/22Anglo American PLC's De Beers Group Sold $550 Million of Diamonds in Fourth C..
DJ
05/22ANGLO AMERICAN : De Beers rough diamond sales value cycle 4, 2018
PU
05/16Russia's Alrosa sees rosy prospects from colorful diamonds
RE
05/16Rio Tinto CEO calls for 'United Nations of the mining world'
RE
05/16Rio Tinto CEO calls for 'United Nations of the mining world'
RE
More news
News from SeekingAlpha
06/18Comparison Of The 2nd Tier Of Major Miners (11 To 20) 
06/14Anglo American to proceed with Peru copper project after stake sale 
05/31Would Wider-Than-Expected Discount To Benchmark Price Make Fortescue More Com.. 
05/30De Beers to sell lab-grown diamonds to U.S. consumers 
05/29Anglo American Seriously Rethinking Iron Price Returns 
Financials ($)
Sales 2018 27 335 M
EBIT 2018 6 152 M
Net income 2018 3 532 M
Debt 2018 2 775 M
Yield 2018 4,95%
P/E ratio 2018 8,78
P/E ratio 2019 10,26
EV / Sales 2018 1,26x
EV / Sales 2019 1,25x
Capitalization 31 586 M
Chart ANGLO AMERICAN
Duration : Period :
Anglo American Technical Analysis Chart | AAL | GB00B1XZS820 | 4-Traders
Technical analysis trends ANGLO AMERICAN
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 25,7 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stuart John Chambers Chairman
Stephen Thomas Pearce Finance Director & Non-Executive Director
Anthony Martin O'Neill Technical Director & Director
Philip Roy Hampton Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN9.52%31 586
BHP BILLITON PLC9.44%123 696
BHP BILLITON LIMITED10.79%123 696
RIO TINTO6.09%98 033
RIO TINTO LIMITED8.77%98 033
FREEPORT-MCMORAN-13.29%23 817