LES GIBSON | EDISON
The resumption of the dividend is a sign of confidence as no company likes to bring back a dividend and then scrap it. The announcement confirms the anecdotal evidence which suggests a positive time for mining, with the price of metals rising. The figures all support what we have seen.
CHARLES KERNOT | EVO SECURITIES
Earnings should be markedly improved in 2010 – notwithstanding recent commodity price weakness and we think the stock has moved into attractive territory following the 27 per cent price fall for the early January peak.
CHARLIE MENEGATOS | ACCENDO MARKETS
The update from Xstrata puts further flesh on the bones of December’s raised guidance. Xstrata has cleared up the uncertainties after the failed merger attempt with Anglo American and reassured over its outlook on commodities prices, and best of all has reinstated the dividend.