Glencore (JSE: GLN): A $5bn Bonus Year, $3.5bn Normal
Glencore (JSE: GLN) says its trading arm will make over US$5bn of Marketing EBIT in 2026, but normal is about $3.5bn…
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The Money Maze: The JSE in plain English.
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Glencore (JSE: GLN): A $5bn Bonus Year, $3.5bn Normal
Glencore (JSE: GLN) says its trading arm will make over US$5bn of Marketing EBIT in 2026, but normal is about $3.5bn from 2027. Bull and…
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Wednesday The Money Maze
TMM Nº 041
Trading Statements: Why Your JSE Share Moves Early
Stock market jargon, explained simply.
Sunday Maze Dive
DIVE Nº 024
Glencore (JSE: GLN): A $5bn Bonus Year, $3.5bn Normal
One JSE company in the news: the bull case and the bear case.
Suit-speak, translated
Company announcements are written to keep shareholders calm. Here is what they actually mean.
They said: “We are rationalising our cost base.”It means: People are losing their jobs.
Send to the group chat: People are losing their jobs.They said: “The board has initiated a strategic review.”It means: Somebody wants to sell it.
Send to the group chat: Somebody wants to sell it.They said: “Results were impacted by external headwinds.”It means: It went badly, and it was somebody else's fault.
Send to the group chat: It went badly, and it was somebody else's fault.
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Jargon finder
Here is one we made earlier HEPS (Headline Earnings per Share)
Earnings per share excluding one-off items.
Heard in Ep 15: HEPS vs Core Earnings: Impairments Explained for JSE Investors
Or start with a common term:
The JSE stories worth knowing about, explained like a mate would at the braai. No hot tips, no spam.
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About Jay
I’m Jay, part market nerd, part storyteller, full-time fan of making complicated things simple.