Investor Tribeca presents Glencore with ideas to raise shareholder value – How it may unfold
Publishing timestamp: 2024-03-30 07:43:18
Summary
Tribeca Investment Partners has sent a letter to Glencore's board calling for various changes, including transferring the company's main listing to the Australian Securities Exchange, increasing dividends, spinning off its trading division, and maintaining control of its coal operations. Tribeca believes that these changes could lead to a significant increase in shareholder value, potentially more than 100%. However, while the recommendations are convincing, they are based on re-ratings, multiple expansion, and speculation, so caution is advised.
Sentiment: MIXED
Tickers: GLEN-GB,
Keywords: investment strategy, glencore plc, breaking news: investing, business news, hedge funds, stock markets,