Rio Tinto Share Discussion Threads

[goldgeezer] 27/11/2024 08:17

I think Trump and Chinas deflation is built in. Rio is a great bet long term.

[tornado12] 14/11/2024 17:48

Looking to add here and grow my stake, but now waiting for TRUMP and his MAGA tactics before going in ... I guess this will not be clear until January onwards !!??!!

[idioterna] 13/11/2024 08:01

Agreed, but I got greedy waiting to sell for $92 so I'll be buying a few less if it hits $52. The dividend is still better than treasuries.

[goldgeezer] 08/11/2024 09:01

To house culturally incompatible uneducated people that we don't need? Why do we need houses - we also have a shrinking indigenous population.

[yump] 01/11/2024 13:35

Shame we can’t buy the houses at a knockdown price and get them shippex over here with the rest of the stuff that comes. Although I guess they might be dangerous if they’re made with the same shoddy, out of spec. materials.

[goldgeezer] 23/10/2024 06:57

Agreed but RIO through iron ore is too linked to China. I don't see Chinas housing market as cyclical. China is kidding itself about supporting the market. They've built 300,000,000 too many houses. With a shrinking population they will never be needed. They have ZERO value, so no supporting of the market can help. They need to demolish the over supply.

[kernelthread] 17/10/2024 11:24

Mining shares are generally cyclical and don't follow a progressive dividend policy. For example RIO's total dividend grew from 134p to 577p from 2016 to 2021 (34% growth rate) but since then has fallen back to 336p (-16% growth rate). But they did pay a good dividend in 2020, when a lot of companies cut theirs, so they could be a useful diversifier.

[paulboz] 17/10/2024 11:14

What are the timeframes for these so called targets? I'm looking to hold these shares in my SIPP for the rest of my life so I'm only really concerned with the company's ability to keep paying the divi in line with inflation.

[philanderer] 17/10/2024 10:04

Goldman Sachs cuts Rio Tinto price target to 6,700 pence - 'buy'


Royal Bank of Canada cuts Rio Tinto price target to 5,500 (5,600) pence - 'sector perform'

[paulboz] 17/10/2024 09:00

Oh well, I'm generally happy to buy on these, less than obvious, dips as the share price usually bounces back fairly quickly. Added a few more at a shade under 49.30. I'm looking for income so a yield of around 6.7% seems fine by me.

[84stewart] 17/10/2024 07:24

Possibly £ weaker copper down oil down take your pick although China report large quantities of copper purchased in SEPTEMBER,HI HO

[paulboz] 17/10/2024 07:21

Down 2% today. Any ideas why? I'm tempted to top up on this dip.

[roguetraderuk] 09/10/2024 19:54

only thing that can up end a profit from this deal in the medium term is if solid state comes into play sooner than the expected 2030s. due to there being excess capital in the world you no longer get firesale prices even when underlying asset prices are in a 90% drawdown. this is as good as it gets. and rio isnt interested whose cars are on the roads be that chinas europes or usas.

[philanderer] 09/10/2024 17:37

Berenberg explained Rio has been looking at lithium assets for some time and so the deal does not come as a surprise.

The broker felt the price paid appears to be fairly full in a sector that is broadly on its knees due to weak lithium price performance.

‘However, the deal is counter-cyclical, and we think that the timing is sensible; if management is proven right on the direction of price, it could well be a good deal.’

[philanderer] 09/10/2024 12:51

Matt Britzman, senior equity analyst at Hargreaves Lansdown said the move was "a classic attempt to buy the dip for Rio, snapping up some high-quality lithium assets when spot prices are around 80% down on their highs".

"It’s a good time to shop for counter-cyclical assets, and this deal helps propel Rio’s lithium portfolio to new heights, with it already having exposure through its Rincon and Jadar projects."

"The price will be scrutinised, at a touch under 20% of where Arcadium was trading when the company was formed in January, it’s not quite a bargain, and investors in the commodity world tend to take a dim view of M&A at the best of times."

"Arcadium is currently free cash flow negative, due to low prices and high investment in new projects, so Rio will have some work to do if it wants to turn this into an accretive buy – and that won’t happen immediately.”


Sharecast

[craftyale] 09/10/2024 06:17

Lithium here we come.........

[roguetraderuk] 08/10/2024 14:48

china is in no 1 position. nobody else bar maybe tesla is in the game. europe cant afford to make evs at chinese prices hence nw contenplating closing germany factories and firing up to 100k people. china will provide cheap evs but once europe no longer produces its own the chinese will double or triple the price and we will have no choice but to buy them. thats why it is imperative to stop the chinese early, before its too late. because its not just about cheap cars, its about millions of jobs that rely on a healthy european car industry because if those jobs go then so does the spemd thats associated with them.

[84stewart] 08/10/2024 14:37

China is in dire straits auto wise USA 100% tariff makes them more expensive and harder to sell copper ,lithium can’t see them buying much if at all.

[goldgeezer] 08/10/2024 09:53

However bad this is for Rio it's good for the world. The poorer China is, the less in danger the world is.