Tribeca’s $300M Bet: Going Activist on Glencore (Ben Cleary)

This is a bonus episode today Money Miners. Matty managed to come into the studio early on his birthday for it too. It’s juicy – Tribeca has gone activist on Glencore and Ben Cleary has dialled in.

Ben is portfolio manager of the natural resources fund at Tribeca Investment Partners and outlines why they’ve launched an activist campaign on mining & trading giant Glencore (GLEN).

He pulls apart the thesis, centred on not demerging any assets, listing on the ASX, revitalising capital returns via dividends & selling a minority stake in the trading unit.

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CHAPTERS

0:00:00 Tribeca going Activist on Glencore
0:00:55 GLEN’s multiple compression
0:02:41 Retaining the Coal Assets
0:09:57 Listing on the ASX
0:13:22 Why Australia makes sense for dividends
0:19:50 Realising the trading unit’s value
0:30:19 Is Glencore coming to the party?

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DISCLAIMER

All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.

Tags Climate Emergency, Coal Consumption, Fossil Fuels