Rio Tinto Share Discussion Threads

[christh] 13/10/2016 09:38

The trend is still upwards, so cherish the time now and treat this as a Buying opportunity.

[christh] 13/10/2016 09:37

Date........Broker..............Recommendation..New target price...Notes
05 Oct 16..Deutsche Bank.........Buy...........3245.00...........Reiterates
04 Oct 16..RBC Capital Markets...Outperform ...34.00.00..........Reiterates
20 Sep 16..Macquarie.............Outperform....3300.00...........Reiterates
15 Sep 16..JP Morgan Cazenove....Overweight....3150.00...........Reiterates

[arja] 13/10/2016 09:16

RIO got hammered in OZ last night abd flowed through to the UK . tempting to look for an intra day trade at times like this when it appears to have bottomed for the day . Not sure why the selloff but presumably base metal prices fell .

[robrah] 13/10/2016 08:05

something special about christh . every time he appears rio sells of in a major way lol rio hits 28 and christ appears and now back to 26

[robrah] 12/10/2016 14:13

I am still here christh . nice of you to remember me

[christh] 12/10/2016 11:51

Robrah,
are u still around?

keep buying, £36 target price .

[bigtbigt] 12/10/2016 11:18

Any ideas on how to invest (£s) when Sterling rallies back up?

It seems UK stocks (especially miners), UK bonds, UK property will all fall during that period. I'm not comfortable shorting markets.

[arja] 11/10/2016 20:11

bigT - welldone as RIO retreated after the great start . I think sterling has further to fall based on what chart is saying but might have a rally before resuming downtrend

[bigtbigt] 11/10/2016 17:23

That's it - I'm all out today at 2780.

With 30% profit in 4 months I'd be pushing my luck to stay in longer, as Stirling now cannot go much lower and global risks have escalated.

Good luck all.

[arja] 10/10/2016 21:38

RIO and mining stocks at last have nice uptrending charts .

[arja] 04/10/2016 21:19

did well until reversing as dow came off .

[bigtbigt] 04/10/2016 13:15

not advice, but my best guess.... sterling going lower, so miners going up for a while yet

[stevenrevell] 04/10/2016 10:21

Fingers are now twitching to sell any advice

[christh] 30/9/2016 08:36

THIS IS VERY IMPORTANT-TAKE NOTICE
By reducing the debt Rio will be able to maintain the dividend which recently had to curtail.
---------------------------------
Rio Tinto launches debt reduction program

September 27, 2016,
Cole Latimer

Rio Tinto has begun yet another debt reduction program, launching a bond purchase program for up to US$3 billion.

It follows the miner’s earlier ventures this year to pay down its debt early, after repurchasing around US$1.359 billion in outstanding notes in April and launching a cash tender offer for US$3 billion worth of notes in June, both of which were successful.

According to the miner, it has launched its latest buyback in order to take advantage of its strong liquidity position and the improved market.

Under its new plan, Rio Tinto has offered a redemption notice for approximately US$1.5 billion of its 2017 and 2018 notes and begun a cash offer to purchase around US$1.5 billion of its 2019, 2020, 2021, and 2022 notes.

Today, Rio Tinto issued a notice of redemption for all of its 2.000% notes due 22 March 2017, 1.625% notes due 21 August 2017 and 2.250% notes due 14 December 2018 issued by Rio Tinto Finance (USA) plc and for all of its 6.500% notes due 15 July 2018 issued by Rio Tinto Finance (USA) Limited.

These notes are guaranteed by Rio Tinto plc and Rio Tinto Limited and approximately $1.5 billion in aggregate principal amount is outstanding. The redemption date is 26 October 2016.

Rio Tinto Finance (USA) plc and Rio Tinto Finance (USA) Limited are making cash tender offers to purchase up to approximately $1.5 billion of the outstanding securities, each guaranteed by Rio Tinto plc and Rio Tinto Limited.

[careful] 29/9/2016 21:35

We will not leave the EU in any meaningful way.
The heaps of legislation that needs to be cancelled will never get through parliament.
It would take years and no one knows how to do it.
Most of it they agree with anyway and helped to draft.
The simple minded Brits thought that getting out would be it would be easy.

[arja] 29/9/2016 21:23

but DOW fell sharply after UK close but RIO closed at £25.98 equiv thanks to a weaker pound . In time the pound will probably weaken further thanks to the crazy decision to leave the EU !

[robrah] 29/9/2016 18:09

nice close above the 53 week high.

[philo124] 29/9/2016 15:33

£30 in due course.

[robrah] 29/9/2016 08:27

apologies my bad. I dint read the announcement

[robrah] 29/9/2016 08:25

not sure if anyone else notices this rio tinto announced divi of 45 c and is paying share holders 33 p since brexit the gbp usd has not been as high has 1.36 that is a massive spread to charge the shareholder .right ??

[robrah] 29/9/2016 08:13

rio hit a ytd high I have closed my position from 22.95original long position near break evening but I will hold that for now

[arja] 26/9/2016 16:09

coal chart looks very good Christh and why RIO has held up quite well today and BHP has done even better and only down 2p . But need the DOW to recover later !

[christh] 26/9/2016 07:15

Coking coal prices to remain high

September 26, 2016
News,
Cole Latimer

Coking coal volatility is off the cards, with prices likely to remain high after recent rallies, Goldman Sachs believe.

China’s recent plans to dramatically slash its coal output by reducing its mining and steel sectors has driven metallurgical coal’s price through the roof, seeing the spot price double to more than US$205 per tonne.

In January it declared it would not approve any new coal mines for the next three years, in a bid to cut growing stockpiles, as well as increase its alternative energy supplies.

The country also plans to reduce national output by around 60 million tons in 2016, and around 500 million tonnes of coal over the next 3 to 5 years, with the Shanxi province slashing around 100 million tonnes of production alone by 2020.

In March China’s government then stated it would lay off close to two million workers in its coal and steel industry to help cut market oversupply.

An official at China’s human resources and social security ministry said the nation’s industries expect to cut around 1.8 million workers as it seeks to reduce capacity, and address the growing stockpiles in the country.

This plan to slash the country’s coal and steel workforce came only days after Chinese coal companies pushed the government to set a price floor for coal to protect against bankruptcy and stem job cuts.

Additionally, the government has taken further steps to reduce output, cutting operating days from 330 to 276 per year.

The country’s decision first began to make an impact in May this year, with early forecasts of a minimum 20% increase in coking coal prices.

China’s continued action has made investment banks and funds even more bullish on coal’s future, with recent Goldman Sachs notes raising the 2017 contract prices forecast by 64% to US$135 per tonne and its 2018 estimates by 47% to US$125 per tonne; this is extremely bullish compared to current third quarter prices of US$92.50, according to Bloomberg.

The note explained the changes come on the back of a different operating environment.

“We see upside risks if current policies remain unchanged going into next year and the resulting shortage overwhelms the ability of producers in Australia and the U.S. to respond,” Goldman Sachs stated.

Macquarie Group also followed suit, raising its fourth quarter predictions by
84%, and 2017 first quarter forecast by 56%.