At times, Glencore (GLEN) has looked like a spurned lover in 2017. Its “informal approach” for agricultural giant Bunge (US:BG) was rebuffed in May, while repeated attempts to land Rio Tinto’s (RIO) Hunter Valley coal assets were trumped by rival bidder Yancoal, only for the commodities group to pay over the odds for a second string role in a deal struck last week.
IC TIP:
Hold
at
333p
It can be tricky to look past Glencore’s frequent overtures, but investors may be hoping for a little more focus on their needs in half-year numbers, due Thursday 10 August, following big dividend promises from Rio and Anglo American (AAL) already this results season.