Rio Tinto Share Discussion Threads

[robrah] 25/5/2017 09:51

Isn't it funny . Rio always contradicts what christh says lol Just look this moning he was trying to churn up buyer by saying 1.6% up in auz and now look what has happened. I like it . christh is my short indicator.

[robrah] 25/5/2017 09:44

What a beautiful trade this has become Short at 3200 I see christh s broker have lower their target from 40 to 35.

[arja] 25/5/2017 09:07

unfortunately RIO in OZ often does it's own thing Christh and uk does not follow . If anything Uk leads . With dow futures doing well I expected mining stocks to have a good day but has not transpired . I bought some S32 but down a little so far !

[christh] 25/5/2017 07:45

Up 1.6% in Australia (ASX).

[action] 24/5/2017 12:06

ROBRAHI also like S32 but do not short it.

[robrah] 24/5/2017 11:43

Results will be decent but the forward statement is what worries me . And share prices reacts for forward looking information not just the financialsIron ore is flipping daily and gbp is looking to gain more .

[christh] 24/5/2017 11:31

Date 17/07/17
Event
2nd Quarter Operations Review – to be released at 11.30pm (London) 8.30am (Sydney on 18 July)

Results will be very good as sales increased, Aluminium prices risen.
Debt is being reduced,share buyback program ongoing extremely well.

Just ensure you are in.

[robrah] 24/5/2017 11:03

I hedged at 32 and it went well this morning . And with all the new flow and gbp gaining strength and iron ore tanking. Rio looks vulnerable .

[robrah] 24/5/2017 11:01

Belive it or not I own rio tinto . But I have a hedge in place . And I trade on what I see unlike our friend christh who lives by brokers price targeta

[action] 24/5/2017 10:42

ROBRAHDo u like any miners in particularly at the moment

[christh] 24/5/2017 10:40

Heading back up to £32 and then £33-£38 by July/August when results are due.
Market Update due in July 17/07/17

[robrah] 24/5/2017 10:20

Oh so now u r downgrading from 40 to 35??Nice one christh.In brokers we trust

[christh] 24/5/2017 10:17

Investors Chronicle View
The last IC recommendation on Rio Tinto PLC shares was Hold at £35.27.00 on 08 Feb 2017

Whisper it: Rio Tinto (RIO) is an income stock again. Operational discipline and a little help from commodity prices meant the diversified miner could return the focus on shareholder income in its full-year results, just a year after abandoning the progressive dividend.
So, despite downgrading expectations for its full-year payout to a minimum of 115¢ a share, Rio has demonstrated its willingness to ignore its revised policy to pass on 40% to 60% of underlying earnings to investors. In fact, a total return of $3.6bn (£2.9bn), including a newly announced $500m share buyback scheme, equates to more than 70% of the $5.1bn underlying earnings booked last year.

[robrah] 24/5/2017 10:01

Didnt u say 40 quid for sure like 2 months ago . When u r brokers put out a note

[robrah] 24/5/2017 10:00

Christh are we there yet ??

[christh] 24/5/2017 09:17

Rio Tinto launches new debt reduction programme


Valentina Ruiz Leotaud | a day ago

Rio Tinto (ASX, LON:RIO) launched today a $2.5-billion bond buyback plan with the idea of reducing reduce its gross debt.

In a press release, the global miner explained that, under the plan, it has issued a redemption notice for approximately $1.72 billion of its 2019 and 2020 US dollar-denominated notes and commenced cash tender offers to purchase up to approximately $781 million of its five 2021, 2022 and 2025 US dollar-denominated notes. Such offers will expire on June 20.

The company also said that today’s announcement is part of its ongoing capital management plan and follows the completion of a series of $7.5 billion US dollar-denominated note redemptions and repurchases in 2016.

ALSO THIS IS VERY IMPORTANT
Escondida strike less damaging to Chile’s copper output than thought — report
Rio Tinto's Escondida mine, which is forecast to produce about 1.1 million tonnes of copper in the 12 months to June 30, or 5% of the world’s total copper production.

[christh] 24/5/2017 09:13

The price will recover.
Price oversold, momentum is strong, very bulish.

It will be about £33-£33.50 next few weeks

[christh] 24/5/2017 09:11

LATEST UPDATES ON BROKER VIEWS

Date............Broker...............Recommendation ...New target price...Notes
22 May 17....JP Morgan Cazenove.......Overweight...........4150.00 .....Reiterates
15 May 17....Jefferies International.....Buy...............3800.00......Reiterates

[robrah] 24/5/2017 09:08

Yes . Every time christ comes calling buy this falls . If he stays away this may actually make a come.back

[arja] 24/5/2017 08:28

yes, iron futures down 5% !

[arja] 24/5/2017 08:26

I thought it must be ex-div day but not so . must be a steep fall in iron ore price .

[robrah] 24/5/2017 08:08

Good to see the curse of christh still works lol Every time the loose canon opens his mouth rio fall.

[robrah] 23/5/2017 16:34

Even gbp is heading higher. Could this be the moment ??