Rio Tinto Share Discussion Threads

[christh] 04/5/2017 15:00

All commodity shares getting battered today.
Why?

US$ up? copper,iron,aluminium,coal falling prices?

bounce up today or tomorrow.

[nasdaqpat] 04/5/2017 14:42

Wow, that's some wallop on the price of Iron Ore...$61.7mt is over (09.00%) down!

[christh] 04/5/2017 14:28

oversold.heavily oversold.
however the shareholders will benefir since RIO buyback program will work out buying more shares at a cheaper cost.

[nasdaqpat] 04/5/2017 14:23

There will be plenty of upward movement before it reaches 2500p (if it does), Robrah. I like to treat trading as a multi-stage operation...your 'method' could cost you a very attractive initial entry point. It is also not my style (unlike others) to wait for confirmation and Buy on the way up, unless there are special circumstances.

[robrah] 04/5/2017 14:14

Any way it is u r call . But this baby is heading 25 .

[robrah] 04/5/2017 14:13

Nasdeq why would average at 2850 . Just be patient for 25 00 . If you recall when u initially bought I did say this was going sub 3000 .

[robrah] 04/5/2017 14:12

Iron ore falling like a rock down again 4%

[nasdaqpat] 04/5/2017 13:01

What a dog...just as well it only represents 01.83% of our portfolio @ a current average of 3257.7p...but, even though the share is a dog, I guarantee that we will make good profits on RIO (again) before the year is out.

[nasdaqpat] 04/5/2017 12:52

Neither was 2924p...already travelled to 2912.5p. Reduce target of c07.00% now equates to c3116p. We won't Average Down further until closer to 2850p.

[robrah] 04/5/2017 10:12

25 coming soon

[nasdaqpat] 04/5/2017 09:15

Well, 2950p was not the new base as the share price has today already travelled to 2924p. Reduce target of c07.00% now equates to c3129p.

[robrah] 04/5/2017 08:15

Even a falling sterling is not helping this .coz the fall is iron ore is seriousQ1 may report half decent numbers but what about the rest of the years .

[robrah] 04/5/2017 08:09

Ofcouse all of rio iron has turned to gold lol Get a grip mate and look at the price and trend

[robrah] 04/5/2017 08:08

Clear christh s broker have got this right look at the share price.Still remember christ telling ppl . Buy at 33 for a smooth ride to 40 .Imagine if you followed this nut case and his crazy brokers

[christh] 04/5/2017 07:59

LATEST RIO TINTO UPGRADES
Date.............Broker.......Recommendation.....New target price......Notes
04 May 17....Deutsche Bank...........Buy.............4140.00.......Retains
02 May 17....JP Morgan Cazenove....Overweight........4150.00.........Reiterates
28 Apr 17....RBC Capital Markets....Outperform.......4400.00....Reiterates
21 Apr 17....Barclays Capital Overweight...........4300.00....Reiterates

[christh] 04/5/2017 07:15

Rio Tinto remains strong despite economic volatility
May 4, 2017News Sharon Masige

Rio's outgoing chairman Jan du Plessis


Rio Tinto has delivered a strong performance in 2016 despite the year’s challenging economic conditions, according to chairman Jan du Plessis.

Speaking at the company’s annual general meeting, du Plessis highlighted the economic volatility of 2016, particularly in terms of iron ore, with the mineral reaching around $US40 a tonne at the beginning of the year before climbing to around $US80 a tonne by the year’s end.

Despite the overall lower commodity prices in 2016, du Plessis said the company’s cost saving efforts were able to offset these lower prices, leading to a 12 per cent rise in underlying earnings to $US5.1 billion.

However, tighter credit conditions could affect the company’s earnings.

“The global economy starts 2017 with improved manufacturing conditions but also evidence that cost pressures and tighter credit conditions in the US, the UK and China are affecting corporate earnings growth,” du Plessis said.

The company’s operating cash flow was $US8.5 billion, down 10 per cent from its rate in 2015.

However, du Plessis noted that Rio Tinto reduced its debt by more than $US4 billion, dropping from $US13.8 billion to $US9.6 billion.

“This is a great achievement by the management team and once again reflects the significant work over the past year to strengthen the company’s balance sheet,” he said.

The company returned $US3.6 billion to shareholders in 2016; having returned more than $US20 billion to shareholders since 2012.

du Plessis also referred to Rio’s latest taxes paid report, which showed the company contributed more than $US32 billion in corporate taxes in the countries where it operates. This included the $US4 billion in taxes and royalties it paid globally.

“Since 2012 we have paid more than $US32 billion in corporate taxes and royalties, of which more than $US25 billion was paid in Australia,” he said.

“Over the last five years we have consistently been one of the top five corporate taxpayers in Australia.”

du Plessis added that the company is now focusing on the investment of Tier 1, “long-life, low-cost, expandable operations in the most attractive industry sectors”.

“Taken together with the strength of our balance sheet, ours is a strategy that seeks to weather tough times, and to reward shareholders through market cycles,” he said.

du Plessis is retiring from his role as chairman of Rio Tinto, with a successor set to be announced by the end of 2017.

[gateside] 04/5/2017 06:57

Interesting thoughts there nasdaqpat... That is why I purchased some BRWM yesterday, I see a short term gain of +5% there at least. Dollar looking stronger overnight, that should help the share price today.

[tpaulbeaumont] 04/5/2017 06:28

christh is back and this time hes blue!

meanwhile...RIOs been going down, next possible support levels are 2865, 2820, 2730, 2645 and 2350 for now

[nasdaqpat] 04/5/2017 05:32

Iron Ore traded @ $68.5mt yesterday, down about (01.44%) from Tuesday's $69.5mt. Copper traded @ $2.54LB yesterday, sharply down (03.42%) from Tuesday's level of $2.63LB. Presumably, these metal price declines affected RIO's share price as it dropped (02.74%) yesterday (3046p:2962.5p).

At yesterday's closing level, RIO's share price has now declined (20.33%) from the intraday recovery level peak of 3718.5p recorded on 13 Feb 2017. Since 3718.5p, RIO has put in 4 minor rallies or Phantom waves, the last of which was worth 6.1%; from 3002.5p on 18 Apr to 3185p on 21 Apr.

It remains to be seen whether yesterday's intraday low of 2950p will form the base for the next (Phantom) wave. If it is, I fancy the share price will improve about 07.00% equating to a target of c3156.5p; whereupon I will likely reduce our holding.

[robrah] 03/5/2017 19:49

UtyinvBelieve it or not I was long here . But I am also not crazy not to hedge here.when ore prices are tanking . Gbp gaining . Anyone who saw the last few days trading could have seen this was breaking 30 . I have hedged . I am happy to be making money this going down too . I am hoping to ride this out till 25 quid . If it fails to fall further I don't mind simply close the short which is already in decent profit for just a week .

[utyinv] 03/5/2017 18:59

Robrah,

Not saying you are wrong nor right. The share price will be what it is. However, most investors hedge against some loss in order to stay ahead. In time, unless the Company concerned is in dire straits, the share price will come back.

What if after the election there is a surge in all FTSE stock? Those who are extremely negative about a stock may look pretty silly if it does rally, just like those who are ridiculed for being in one's opinion 'too optimistic'.

Unless you are trading to earn an income then either you take a hit against another gain or you 'bide one's time' and continue to take the dividend. A loss is only a loss when you sell at a loss and even then if the capital raised from a sale is utilised effectively then for every cloud..........?

[robrah] 03/5/2017 17:34

Redips2 Possibly another blind faith broker follower . See u at 25 . And the 22

[volsung] 03/5/2017 17:20

My friend has a dog called Rio. I like him. I dunno if I like this company called Rio though.

[redips2] 03/5/2017 16:48

I rarely filter, but with robrah...... just plain stupid .

[robrah] 03/5/2017 14:21

Iron ore tanking .25 is coming