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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Worst day in four months for FTSE as ex-divs, housebuilders weigh

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/10/2017 | 06:31pm CEST
FILE PHOTO: People walk through the lobby of the London Stock Exchange in London

Britain's leading share index suffered its worst day in four months on Thursday as weak housebuilders dragged along with companies going ex-dividend.

Britain's FTSE 100 <.FTSE> dropped 1.4 percent, underperforming major European benchmarks that bounced back from sharp losses in the previous session, when political concerns focussed on North Korea dented investor sentiment.

Results came back into focus on Thursday, but some positive updates were outweighed by the impact of several large companies' shares losing their dividend entitlement, helping the index to its worst daily losses since mid-April.

There were some silver linings. Drinks bottler Coca Cola HBC (>> Coca Cola HBC AG) jumped 9.2 percent after a first-half update.

"CCH delivered another solid operating performance, with better than expected volumes, revenues and margins driving a 14 percent beat versus consensus earnings," said analysts at Credit Suisse.

Housebuilders Persimmon (>> Persimmon), Taylor Wimpey (>> Taylor Wimpey) and Barratt Development (>> Barratt Developments) fell 2.8 to 3 percent after data showed house prices grew at their weakest pace in over four years last month.

"Given Brexit uncertainties, the housing market is clearly a key risk for the UK economy," said Davy Research analysts.

"UK house prices are being protected by an illiquid market, but we have revised down our forecast for UK mortgage lending given weak transactional activity in 2017."

Worldpay Group (>> Worldpay Group) jumped higher with the U.S. market opening, ending 4.9 percent higher as investors piled in after U.S. payments firm Vantiv clinched a $10 billion deal to buy the company on Wednesday.

The stock's gains sent it up to 407.5p, rising above Vantiv's offer price which valued it at 397p per share.

While heavyweight miners Rio Tinto (>> Rio Tinto) and Anglo American (>> Anglo American) fell as they went ex-dividend, Glencore dipped 2.5 percent after its results which analysts said lagged expectations.

"Glencore's first half P&L (profit and loss) numbers were a little disappointing, albeit significantly improved over the first half of 2016," analysts at Shore Capital said, forecasting improved financials in the second half of 2017.

Stocks going ex-dividend, also including BT (>> BT Group), Royal Dutch Shell <RDSa.L>, BP (>> BP), Lloyds (>> Lloyds Banking Group), and pharma companies GSK (>> GlaxoSmithKline) and AstraZeneca (>> AstraZeneca), took around 41 points off the index.

On the mid-cap front, food retailer Greggs (>> Greggs plc) jumped 5.1 percent after an upgrade from Berenberg, whose analysts said the company has the potential to expand its store estate substantially and deal with a challenging UK consumer environment and cost pressures.

"Greggs is a stock that's often thought about by UK portfolio managers," said Ned Holland, mid-cap analyst at Berenberg.

"This is one company that could do better if consumer incomes come under pressure; that's certainly an argument that people on the buy-side put forward."

Overall British mid-caps <.FTMC> and small-caps <.FTSC> have performed relatively better this year as the pound strengthened relative to the dollar.

The FTSE 100 generally benefits from a weaker pound as many of its constituents earn in dollars.

(Reporting by Helen Reid; editing by John Stonestreet and Toby Davis)

By Helen Reid

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANGLO AMERICAN
10/19 ANGLO AMERICAN : rough diamond sales value for De Beers eighth sales cycle of 20..
10/17 ANGLO AMERICAN : De Beers rough diamond sales cycle 8, 2017
10/16 Miners provide foundation for FTSE while ConvaTec plummets
10/12 JP MORGAN CHASE MPANY : White & Case Advises J.P. Morgan on Issuance in 2017 of ..
10/12DJMEET THE MINING INDUSTRY'S NEWEST MO : Anil Agarwal
10/12DJMEET THE MINING INDUSTRY'S NEWEST MO : Anil Agarwal
10/05 Sterling slide boosts Britain's FTSE, basic resources, oil stocks jump
10/05 Kumba appoints company secretary
10/05 Kumba appoints company secretary
10/05 Kumba appoints company secretary
More news
News from SeekingAlpha
10/20 REUTERS : Rio opens books to suitors for remaining Australia coal mines
10/16 Copper surges above $7K to fresh three-year high as rally gathers steam
10/13 Iron ore rallies as China's clean air push hurts local supply
10/12 REUTERS : Rio Tinto's $2B coal assets attract investor consortium
10/10 Iron ore tumbles below $60/ton but analysts say effects on miners varies
Financials ($)
Sales 2017 25 583 M
EBIT 2017 5 668 M
Net income 2017 2 833 M
Debt 2017 5 596 M
Yield 2017 4,77%
P/E ratio 2017 8,04
P/E ratio 2018 10,15
EV / Sales 2017 1,26x
EV / Sales 2018 1,25x
Capitalization 26 538 M
Chart ANGLO AMERICAN
Duration : Period :
Anglo American Technical Analysis Chart | AAL | GB00B1XZS820 | 4-Traders
Technical analysis trends ANGLO AMERICAN
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 18,6 $
Spread / Average Target -1,4%
EPS Revisions
Managers
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
John Parker Non-Executive Chairman
Stuart John Chambers Chairman-Designate
Stephen Thomas Pearce Executive Director & Finance Director
Anthony Martin O'Neill Director & Technical Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN23.10%26 454
BHP BILLITON LIMITED8.42%107 158
BHP BILLITON PLC6.89%107 158
RIO TINTO13.99%88 307
RIO TINTO LIMITED18.40%88 307
GRUPO MEXICO S.A. DE C.V.9.48%25 481