If you had invested £1,000 in the Glencore share price a year ago, this is how much it would be worth today

Home   /   If you had invested £1,000 in the Glencore share price a year ago, this is how much it would be worth today

first_imgSimply click below to discover how you can take advantage of this. Jonathan Smith | Tuesday, 28th January, 2020 | More on: GLEN “This Stock Could Be Like Buying Amazon in 1997” Glencore (LSE: GLEN) is regularly in the top-ten list of the most traded stocks on the FTSE 100 index, reflecting both the size of the company but also the frequency of trading by short-term speculators and longer-term investors.It is logical to conclude that a good number of our readers own or have owned Glencore shares over the past year, so it makes sense to review the recent share price performance and look into the bumpy road it has been on.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…First, the numbers. If you had invested £1,000 into Glencore a year ago, when it was trading at 297.5p per share, you would currently be seeing a loss of 22.5% when comparing it to the share price of 230.55p at the close last Friday. This would mean your £1,000 is now worth £775.When we compare this to the overall FTSE 100 index, which returned 11.3% over the same period, it is clear the share has under performed.Sell in May and go awayAs the old investment adage goes, many investors sell shares after strong performance in the first quarter of the year and come back later in the year. For Glencore, this appears to have been true, as the share price performance was healthy from January to April, but started to fall from the end of April onward. While this drop could be attributed to company-specific issues, it was really driven by broader sentiment in the market. This was at the time when the trade war between the US and China was escalating, along with concerns about the global economy slowing down. Due to the size and truly global nature of Glencore, the stock was hit hard by these concerns.Into the summer, the share price was hit further following the release of half-year results. Net profit fell from $2.8bn in the previous period to $226m, which was mostly blamed on weak metals prices. It also decided to cut operations in the Democratic Republic of Congo, after various issues there continued to cause headaches. My colleague Karl wrote an interesting piece at the time, here.This left the share price around 230p, a level at which it now sits around six months later. A further slump ahead?Just when the share price was starting to stall toward the end of last year, the FT reported that the Serious Fraud office had opened an investigation into the firm due to suspicions of bribery. This was not a good note to end on, and it continues to hang over performance in the market.With this investigation ongoing, along with rumors of job cuts, I do not feel buying into Glencore makes sense at the moment. This doesn’t mean that I would steer clear of the industry in general. Take a look at players such as Rio Tinto instead, that have had positive share price performance over the past year. Enter Your Email Address Image source: Getty Images. 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. Jonathan Smith and The Motley Fool UK have no position in any of the shares mentioned. 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.center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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 If you had invested £1,000 in the Glencore share price a year ago, this is how much it would be worth today 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. See all posts by Jonathan Smithlast_img

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