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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Anglo American plc    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
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HSBC pulls FTSE lower

02/21/2017 | 12:28pm EST
A worker shelters from the rain as he passes the London Stock Exchange in London

LONDON (Reuters) - British shares fell 0.3 percent on Tuesday, dragged down by banking stocks as a week of full-year earnings releases for major listed banks began with a profit slump for HSBC.

The blue-chip FTSE <.FTSE> index fell 0.3 percent, with HSBC (>> HSBC Holdings plc) down 6.5 percent, its worst day in 18 months, after its results. The bank has a more than 6 percent weighting on the index.

HSBC announced a 62 percent slump in profits for 2016, worse than analysts were expecting, due to writedowns from restructuring.

"The group flagged multiple headwinds (totalling $3 billion) for 2017. We believe the key question is to what extent the group will be able to offset these through volume growth," said Goldman Sachs analysts in a note.

HSBC shares had rallied 70 percent from April 2016 to Monday's close.

Financial services company Hargreaves Lansdown (>> Hargreaves Lansdown PLC) and Standard Chartered Bank (>> Standard Chartered PLC) tracked HSBC lower. Hargreaves Lansdown was also smarting from a downgrade to "underperform" by Bernstein.

The FTSE 350 banking index <.FTNMX8350> was down 3.9 percent, its worst day since the Brexit referendum aftermath at the end of June 2016. Lloyds, Barclays, RBS and Standard Chartered will post full-year results in the coming days.

"It will be interesting to see how the other banks perform, because HSBC might have a competitive advantage because of its Asia focus and diversification," said Ipek Ozkardeskaya of LCG Capital.

Mediclinic (>> Mediclinic International PLC) was down 6 percent after the South African private healthcare provider said it expected a drop in revenue and margins at its Middle East business.

Miners Anglo American (>> Anglo American plc) and Fresnillo (>> Fresnillo Plc) were also weaker, despite a solid results update from the former.

Anglo American posted a 25 percent profit increase and said it would resume dividends by the end of 2017. It had cut net debt to $8.5 billion, and said it would sell further assets only to sharpen its focus, rather than because it needed the money.

"We are encouraged by free cash flow, deleveraging and diamonds. However, near term we are concerned Anglo is vulnerable to negative spot price momentum and South Africa headwinds," wrote UBS analyst Myles Allsop in a note.

The stock was down 0.9 percent. Announcing a wind-down of asset sales could be raising investors' concerns about the strength of Anglo's balance sheet, Ozkardeskaya said.

Rolls-Royce (>> Rolls-Royce Holding PLC) rose 3.5 percent, maintaining Monday's momentum after a Goldman Sachs upgrade to "buy". Educational publisher Sage Group (>> The Sage Group plc) was also a top gainer, up 2.3 percent after Stifel started coverage on the stock with a "buy" rating.

Oil services company Wood Group (>> John Wood Group PLC) was the worst performer on the mid-cap FTSE 250 index <.FTMC>, down 7.9 percent and scoring its biggest one-day drop since July 2011, after it posted a 62 percent fall in full-year profit, missing market estimates, citing a challenging oil and gas market.

(Reporting by Helen Reid; additional reporting by Danilo Masoni; Editing by Mark Trevelyan)

By Helen Reid


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED -0.32% 1.55 End-of-day quote.-0.64%
ANGLO AMERICAN PLC -0.18% 2510.5 Delayed Quote.3.55%
BHP GROUP 1.06% 46.62 End-of-day quote.9.88%
CAPITA PLC 3.28% 34.6 Delayed Quote.-11.76%
DEERE & COMPANY -0.73% 296.01 Delayed Quote.10.83%
DOW JONES AFRICA TITANS 50 INDEX 0.20% 541.51 Delayed Quote.2.12%
DOW JONES SOUTH AFRICA(ZAR) 0.00% 1884.79 Delayed Quote.6.87%
FRESNILLO PLC -1.39% 1067 Delayed Quote.-5.93%
HARGREAVES LANSDOWN PLC 1.02% 1682 Delayed Quote.10.30%
HSBC HOLDINGS PLC 0.55% 400.2 Delayed Quote.5.64%
JOHN WOOD GROUP 1.62% 282.5 Delayed Quote.-9.22%
LETS HOLDINGS GROUP CO., LTD. -5.09% 7.46 End-of-day quote.-4.11%
MEDICLINIC INTERNATIONAL PLC 3.47% 298.2 Delayed Quote.5.74%
NEXT PLC -0.05% 7880 Delayed Quote.11.21%
PERSIMMON PLC 0.07% 2684 Delayed Quote.-3.29%
ROLLS-ROYCE HOLDINGS PLC -1.61% 96.32 Delayed Quote.-13.42%
S&P AFRICA 40 INDEX 0.06% 174.68 Delayed Quote.1.36%
SAGE GROUP PLC 0.43% 612.8 Delayed Quote.4.88%
STANDARD CHARTERED PLC 0.79% 460 Delayed Quote.-1.27%
THE GOLDMAN SACHS GROUP, INC. -0.45% 281.76 Delayed Quote.7.33%
WH SMITH PLC -0.88% 1584 Delayed Quote.4.90%
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Financials (USD)
Sales 2020 27 824 M - -
Net income 2020 2 501 M - -
Net Debt 2020 6 642 M - -
P/E ratio 2020 17,5x
Yield 2020 2,57%
Capitalization 47 023 M 46 999 M -
EV / Sales 2020 1,93x
EV / Sales 2021 1,56x
Nbr of Employees 60 000
Free-Float 89,4%
Chart ANGLO AMERICAN PLC
Duration : Period :
Anglo American plc Technical Analysis Chart | MarketScreener
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Technical analysis trends ANGLO AMERICAN PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 39,14 $
Last Close Price 34,50 $
Spread / Highest target 38,3%
Spread / Average Target 13,5%
Spread / Lowest Target -30,3%
EPS Revisions
Managers and Directors
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stuart John Chambers Chairman
Stephen Thomas Pearce Finance Director & Executive Director
Anthony Martin O'Neill Executive Director & Group Technical Director
Anne L. Stevens Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN PLC3.55%46 999
BHP GROUP9.88%166 015
RIO TINTO PLC8.03%134 768
GRUPO MÉXICO, S.A.B. DE C.V.9.69%35 585
FRESNILLO PLC-5.93%10 885
TECK RESOURCES LIMITED9.74%10 874