Rio Tinto Share Discussion Threads

[wad collector] 30/6/2017 15:03

Let some more go at 3285. The causes of share price changes here are so multifactorial that I just look at the share price numbers....

[db125] 30/6/2017 12:52

Iron ore up 20% in past 3 weeks showing in the share price Is it just a blip in the downtrend?

[gbenson1] 30/6/2017 12:05

Think the markets coming to terms with the leaner meaner Rio, debt reduction, share buyback and Dutch auction for Aussie coal assets, and of course the possibility of another Glencore bid, its all in the mix!

[arja] 30/6/2017 08:16

RIO is the only mining stock in positive territory today so far ! Not quite sure why !

[robrah] 30/6/2017 07:50

The gbp is back to the raise .

[arja] 30/6/2017 07:31

interesting news from Chine .



China Manufacturing Sector Picks Up Steam In June
BEIJING (Alliance News) - The manufacturing sector in China continued to expand in June, and at a faster pace, the latest survey from the National Bureau of Statistics showed on Friday with a manufacturing PMI score of 51.7. That beat forecasts for 51.0, and it's up from 51.2 in May. It also moves farther above the boom-or-bust line of 50 that separates expansion from contraction. The bureau also said that its non-manufacturing PMI came in with a score of 54.9, up from 54.5 in the previous month. Copyright RTT News/dpa-AFX More..

[wad collector] 29/6/2017 08:38

Yeah traded that one too soon. Still, bird in the hand.....

[christh] 29/6/2017 06:35

up 3.3% in ASX and 2.4% in Dow Jones

So we are looking at 3% rise today

[linton5] 29/6/2017 06:12

A bit soon wad 3275 is next resistance on the daily,3600 on the weekly

[robrah] 28/6/2017 14:53

Christh has wait for that 40 quid price for most of his life . It ain't coming. Sorry mate .

[christh] 28/6/2017 13:47

well done you.

I am waiting for my £40 and over to sell some.

[wad collector] 28/6/2017 13:29

Just hit my 3201 sell limit , another 4% in 2 weeks . A trading share indeed.

[robrah] 28/6/2017 10:05

Seem like it ran out of viagra lolThis is heading back to 29 soon

[robrah] 28/6/2017 08:12

Action.what did I tell u . It will fail b4 32

[action] 27/6/2017 16:53

And I do not have any share price target as you know I sold out at 32.25

[action] 27/6/2017 16:52

That is better Robrah at least it is balanced view

[robrah] 27/6/2017 16:32

Sorry let me be specific .The share price is much closer to 29 rather 40 . Plus let see it first cross 32 in a convincing way .

[robrah] 27/6/2017 16:31

Much closer than u r target. Action or inaction.

[stevenrevell] 27/6/2017 15:45

Robrah £60 if glen buy

[action] 27/6/2017 15:11

ROBRAH r we there yet (29.00)?

[stevenrevell] 27/6/2017 15:04

Glen could buy Rio but it would cost them a lot off money

[robrah] 27/6/2017 14:30

No chance . That would be like u eating u r 2 times your full body weight in one sitting .Glen can't afford rio. Rio can't be asked to sell coal mines to glen do you think they will consider selling the whole company . Rio is too good and too big for glen

[gbenson1] 27/6/2017 14:13

Now Glencore can't get the Australian Coal assets, think they'll come back again for the whole Co.

[christh] 27/6/2017 10:48

Credit Suisse today Upgraded RIO TINTO to £40

Date...........Broker.......Recommendation....New target price......Notes
27 Jun 17...Credit Suisse.....Outperform .........4000.00.........Reiterates

[christh] 27/6/2017 08:32

Yancoal outpoints Glencore in Coal & Allied takeover battle
June 27, 2017News Ben Creagh


Latest News

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Rio Tinto has again backed Yancoal as the buyer of its Hunter Valley thermal coal assets despite Glencore’s efforts to outbid the Chinese company.

The takeover battle intensified Friday last week when Glencore raised its offer for Rio subsidiary, Coal & Allied Industries, to $US2.68 billion ($3.53 billion) in cash, plus a coal price linked royalty.

Yancoal then upped the ante by strengthening its offer by adding $US240 million in royalty payments and an increased break free to its previous $US2.45 billion cash bid.

The latest offer from Yancoal was enough to keep Rio in its corner, with the diversified miner recommending that shareholders back the improved bid.

A Rio statement outlined that the company’s board had “considered both of the latest offers and is recommending Yancoal’s improved offer to its shareholders based on greater transaction certainty and higher net present value”.

Rio chief executive officer Jean-Sebastien Jacques said the revised $US2.69 billion bid from Yancoal offered compelling value.

“This sale process has been in progress for a long period of time and we believe it is in the best interests of our shareholders to take the greater certainty of Yancoal’s strong proposal,” Jacques said.

Rio shareholders are scheduled to vote on the deal, in both London and Sydney, this week.

If Yancoal is finally successful in the takeover battle it would become Australia’s largest coal-focused miner. The Chinese company, which is owned by Yanzhou Coal Mining, made its original bid for Coal & Allied in January.

Coal & Allied’s assets include majority shares in the Hunter Valley Operations mine, the Mount Thorley mine and the Warkworth mine. The three operations produced 25.9 million tonnes (Mt) of thermal and semi-soft coking coal in 2016, of which 17.1Mt were Rio Tinto’s share.

Last month Yancoal also launched a $US710 million tag-along offer for Mitsubishi’s 32.4 per cent stake in the Hunter Valley operations.

Both offers had been accepted before Glencore entered the pursuit for Coal & Allied.