Rio Tinto Share Discussion Threads

[scobak] 09/12/2024 09:36

And it could trade without stamp duty.

[cinquepercento] 06/12/2024 08:14

TuftyMatt, re: you post above interesting.

Philanderer:

Thanks,re:your post above :re

Cinquepercento , I couldn't see any problem if it delisted from London. For example 'ii' allows trading of foreign listed securities

Thanks,Philanderer because I am holding a meaningful ammount of this buyin it down a little at a time.
Cinquepercento.

[philanderer] 06/12/2024 00:30

Cinquepercento , I couldn't see any problem if it delisted from London. For example 'ii' allows trading of foreign listed securities

[tuftymatt] 05/12/2024 08:58

The US has nearly always outperformed the UK and for the past two years there is no question it's been the place to be.

Fear and reasons why a strong run won't continue are obviously raised but let's be honest who would bet in 5 or 10 years that the UK's main index has outperformed the S&P500??

I say go as quickly as possible.

Good luck all 👍🏻

[cinquepercento] 05/12/2024 07:38

Interesting post: Mingles1

[mingles1] 04/12/2024 15:37

Times article extract: 'Under Palliser's proposal, Rio would retain a secondary listing of its shares in London, although that would deprive the FTSE 100, the UK's blue-chip index, of the world's second-largest miner.'

[cinquepercento] 04/12/2024 15:28

Philanderer:

RE: your post above re:Rio pressured to leave London Stock Market:

How would that affect ordinary shareholders like me if that were to happen?

Could I still trade and or hold this share or would I have to sell them all.

Would I be able to trade on a foreign stock market from here?

How would this affect the London pounds sterling price of the share?

[philanderer] 04/12/2024 14:38

FTSE 100-listed Rio Tinto is the latest to face pressure from activists to abandon its primary London listing, while there has been a string of departures for various reasons as London struggles to cling to its position as an attractive destination for companies.

Along with several small and micro-cap firms that say the costs outweigh the benefits, takeovers have also seen gaming firm Keywords Studios, cybersecurity business Darktrace and Virgin Money delist this year, with Royal Mail owner IDS’ and Britvic’s takeovers being others heading for the exit door.

Rio Tinto’s departure would mark a major blow for London, with the miner’s £84.1 billion market capitalisation placing it among London’s largest companies.


PROACTIVE INVESTORS.CO.UK

[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.