Trade Antofagasta Shares

Antofagasta (ANTO.L)

About

Antofagasta plc is one of the largest international copper producing companies in the industry. Today its activities are mainly concentrated in Chile where it owns and operates three copper mines, Los Pelambres, El Tesoro and Michilla, with a total production of 428 thousand tonnes in 2007, at an average cash cost of 31.6 c/lb.

Industry

General Mining

Website

www.antofagasta.co.uk

Trading Options

Financial Spread Betting
Contracts For Difference
Share Dealing / Stockbroker

Antofagasta and Market Latest News

Yahoo! Finance: ANTO.L News
UPDATE 2-Power outages hit central Chile, including capital (Other)
UPDATE 1-Power outages hit central Chile, including capital (Other)
Europe shares end sharply up on earnings, data (Other)
FTSE ends five-day losing streak [at Financial Times] (FT Times)
Next was a strong performer on Wednesday as the FTSE 100 broke a five-day losing streak.
FTSE gains as U.S. earnings impress (Reuters MOLT)
European shares gain, led by banks and miners (Other)
FTSE gains as U.S. earnings impress; banks lead (Other)
Market overview: FTSE 100 up 75 (ShareCast)
1630: close Profit takers moved in late in the afternoon to deny the Footsie a triple digit gain. The FTSE 100 index rose 75 points to 5,215, breaking a five-day losing streak. Banking shares Lloyds, Barclays and Royal Bank of Scotland were three of the five most heavily traded stocks, but it was mining stocks that posted tghe big gains as the price of copper surged. The market gave the thumbs-up to Reckitt's £2.54bn bid for SSL. At the opposite end of the mergers and acquisitions scale BSkyB confirmed it is offloading its netowrking arm, Easynet, for £100m to a private equity group.
FTSE 100 movers: Footsie rises on the back of strong miners (ShareCast)
Mining stocks lead the surge in the Footsie as copper inventories continue to decline.
London afternoon: Three-digit gain for Footsie (ShareCast)
Footsie's gain burst through the triple digit barrier over the lunchtime session, helped by expectations of a solid start by Wall Street.
Market overview: FTSE 100 up 78 (ShareCast)
1345: Mining stocks are among the best performers in a buoyant FTSE 100 as metals prices rise. Kazakhmys leads the sector - and the FTSE 100 - higher. Antofagasta, Xstrata, Vedanta Resources and Eurasian Natural Resources also climb. British Airways has also gained altitude. US authorities have told it, American Airlines and Iberia they are free to run a joint business on transatlantic flights after granting the trio anti-trust immunity. Among the handful of fallers are defensive stocks such as Imperial Tobacco and Astrazeneca. FTSE 100 up 90 at 5,230.
London midday: Glaxo sales in line (ShareCast)
Equities ended the morning session in consolidation mode, holding on to the gains racked up in the first two hours of trading, when traders were enthused by the Reckitt Benckiser bid for SSL and forecast busting results overnight from Apple.
Oils, banks and miners haul FTSE higher (Reuters MOLT)
Oils, banks, miners haul Britain's FTSE higher (Other)
European shares surge on company results, M&A news (Other)
FTSE jumps led by oils, banks and miners (Reuters MOLT)
Britain's FTSE jumps led by oils, banks, miners (Other)
London close: Flat finish for FTSE 100 (ShareCast)
There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower.
FTSE 100 movers: Public sector outsourcers slide (ShareCast)
Outsourcers have been hit by a negative trading statement by Cable & Wireless Worldwide.
London midday: Public sector specialists hit (ShareCast)
Sovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling.
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Antofagasta: Financial Spread Betting vs CFD vs Share Dealing

Table below compares Financial Spread Betting, Contract For Difference and Share Dealing trading. For simplicity we use the average brokerage fees to calculate the profit/loss if £1,000 available for investment in Antofagasta shares (Antofagasta share price is 350p). Supposedly, you think that Antofagasta shares will go up by 10% in one month.

Calculations

Spread Betting

CFD

Share

Number of Shares Equivalent

5,714

5,714

286

Shares go up by 10% in 1 month, Gross Profit

£2,000

£2,000

£100

Commission to open position (buy)

£60

£15

£12

Commission to close position (sell)

£0

£15

£12

Total Commission

£60

£30

£24

Financing for one month (5% LIBOR rate)

£108

£108

£0

Tax (20% band)

£0

£372

£15 + £5 (Stamp Duty)

Net Profit

£1,832

£1,490

£56


Antofagasta: Financial Spread Betting and Contracts For Difference (CFDs) are margined (or leveraged) products and let you go long (buy) or short (sell) with Antofagasta shares, they are more suitable for short and medium term investments and cover a wide range of markets, including shares, indices, commodities and currencies. Share investing, on the other hand, is a conservative and old way of gaining financial independence and preserving capital. Even though some stockbrokers offer credit facilities it is very rare and not popular amongst private investors.

Risk Warning: Financial Spread Betting and Contracts For Difference (CFDs) are leveraged products and carry a high level of risk to your capital. You may lose more than your initial investment. Share price can go down as well as up and returns on investments are not guaranteed.