Rio Tinto Share Discussion Threads

[robrah] 24/7/2017 17:16

Graham u ask me if I needed to post twice . No i did not post twice. If you were implying I posted on both the thread . That is correct . But it is exectly what you did also. Christ posting are useless price targets luring unsuspecting punter . I have to equalise . And atleast i hve been correct mostly .

[ian davenport] 24/7/2017 14:51

graham, I've been contributing to this thread for about 13 years , but have given up over the past year as its just deteriorated to the typical ADVFN thread , where the bulls and bears don't recognise that we need both of them to create a worthwhile market , just highlighting when the price move or news suits their view. shame, this used to be a great thread.

[grahamburn] 24/7/2017 14:27

Do we need the last two posts on both main RIO threads?

IMO a waste of time for "serious" investors.

PS Thought I'd post it twice too!!!!!!!

[grahamburn] 24/7/2017 14:26

Do we need the last two posts on both main RIO threads?

IMO a waste of time for "serious" investors.

[robrah] 24/7/2017 10:49

Again chirsth price targets flop.The classic example of a short indicator. Lol

[robrah] 24/7/2017 10:48

Again chirsth price targets flop.The classic example of a short indicator. Lol

[christh] 24/7/2017 10:46

Iron ore surges past $US70 a tonne
July 20, 2017News Ben Creagh

Iron ore has soared through $US70 a tonne for the first time since April.

In overnight trading iron ore continued a recent rise in value, improving by 2 per cent to finish at $US70.24 a tonne.

It has been a up-and-down year for the bulk commodity, with iron ore still almost 11 per cent below its 2017 high despite the latest gain.

A Paterson Securities note explained: “Yongan Futures claimed that recent low availability of high-grade iron ore in the Chinese physical market had pushed up both spot and futures prices.”

[christh] 24/7/2017 10:33

Iron ore surges past $US70 a tonne
July 20, 2017News Ben Creagh

Iron ore has soared through $US70 a tonne for the first time since April.

In overnight trading iron ore continued a recent rise in value, improving by 2 per cent to finish at $US70.24 a tonne.

It has been a up-and-down year for the bulk commodity, with iron ore still almost 11 per cent below its 2017 high despite the latest gain.

A Paterson Securities note explained: “Yongan Futures claimed that recent low availability of high-grade iron ore in the Chinese physical market had pushed up both spot and futures prices.”

[action] 24/7/2017 10:00

Start of summer holidays...like weather can not trust market

[christh] 24/7/2017 08:28

Commodities Summary.... Previous....... Change
Oil...................................48.06............+0.24
Gold..............................1254.95...........+0.14
Silver...............................16.51............+0.01
LME copper 3MO.........$6012.00...........+8.00

[christh] 23/7/2017 17:43

Rio Tinto Limited (ASX:RIO) HEFFX Highlights

Rio Tinto shareholders could be set for a treat when it reveals its first half profits in August, with RBC Capital Markets saying the miner could pay a $US1 billion special dividend.
The broker says Rio Tinto (RIO) is in a good position to pay out an additional dividend above the $US0.86 first dividend per share they are forecasting as the miner’s gearing has fallen on lower capex, cost cutting and a rebound in commodity prices, all of which are helping boost free cash flow. Here’s why RBC Capital Markets reckons there could be a cash bonanza:
We expect the business will generate an additional $US4.2bn in FCF in H2, further improving balance sheet strength. We see a $US1bn dividend (or buyback funding, or both) as a level which will allow for the year end gearing to be at 13% with net debt at $US7.4bn.
Management has commented multiple times in light of the current commodity price volatility that they are happy to stay below target levels.

[christh] 23/7/2017 06:04

Rio Tinto May Pay $1 Billion Special Dividend, Says RBC Capital Markets




Rio Tinto (RIO.AU) (RIO.UK) shareholders could be set for a treat when it reveals its first half profits in August, with RBC Capital Markets saying the miner could pay a $1 billion special dividend.

The broker says Rio Tinto (RIO) is in a good position to pay out an additional dividend above the $0.86 first dividend per share (DPS) they are forecasting as the miner's gearing has fallen on lower capex, cost cutting and a rebound in commodity prices, all of which are helping boost free cash flow (FCF).
Here's why RBC Capital Markets reckons there could be a cash bonanza:

We expect the business will generate an additional $4.2bn in FCF in H2, further improving balance sheet strength. We see a $1bn dividend (or buyback funding, or both) as a level which will allow for the year end gearing to be at 13% with net debt at $7.4bn. Management has commented multiple times in light of the current commodity price volatility that they are happy to stay below target levels.

However even under conservative assumptions (and we realise the $70/t top-end-of-consensus price for H2 helps our view on balance sheet robustness) the desire from management to show capital discipline and strong underlying cash flows should see incremental cash returned.
The estimated special 56 cent dividend is in addition to our calculated regular interim DPS assumption of 86 cents (1/3 of 60% FY17E EPS). Our full year dividend moves to $3.62 per share.

The possibility of more capital being returned to shareholders comes as rival BHP Billiton (BHP.AU) (BHP) comes under pressure to ensure it doesn't spend its money on risky projects and instead focuses on dividends and buybacks. Activist U.S. investor Elliott Management warned the world's biggest miner not to commit to its Jansen potash project in Canada, saying it could be a "severe strategic misstep".

Rio Tinto's Australian-listed shares last traded down 2% at $63.10 on Friday. The stock is up 5% this year.

Thanks to nick for the link
22 Jul '17 - 10:19 - 1165 of 1165

[robrah] 21/7/2017 20:03

Christh ?? Are we there yet .

[action] 21/7/2017 13:33

No life left in market ?

[christh] 21/7/2017 11:35

latest upgrades and target prices for RIO TINTO
Date............Broker.........Recommendation.....New target price.....Notes
20 Jul 17..JP Morgan Cazenove....Overweight............4000.00.......Reiterates
19 Jul 17.....Deutsche Bank........Buy.................4200.00.......Retains
19 Jul 17.....HSBC.................Buy.................3800.00.......Reiterates
19 Jul 17.....Macquarie..........Outperform............4000.00.......Reiterates
18 Jul 17.....Morgan Stanley.....Equal weight..........3430.00.......Reiterates
14 Jul 17.....Barclays Capital.....Overweight..........4100.00.......Reiterates

[action] 20/7/2017 15:58

In now... See which way it goes tomorrow

[action] 20/7/2017 15:28

What happened here?

[christh] 20/7/2017 08:28

No, I do not think either.

Read this.
Iron ore surges past $US70 a tonne

July 20, 2017 News Ben Creagh

Iron ore has soared through $US70 a tonne for the first time since April.

In overnight trading iron ore continued a recent rise in value, improving by 2 per cent to finish at $US70.24 a tonne.

It has been a up-and-down year for the bulk commodity, with iron ore still almost 11 per cent below its 2017 high despite the latest gain.

A Paterson Securities note explained: “Yongan Futures claimed that recent low availability of high-grade iron ore in the Chinese physical market had pushed up both spot and futures prices.”

While iron ore has enjoyed upward movement recently, it has been forecast to average below $US50 a tonne next year by the Department of Industry, Innovation and Science.

In the department’s June quarterly report, its iron ore forecast was revised down from $US51 a tonne to $US49 a tonne in 2018, and to $US47 a tonne in 2019.

Australia’s leading iron ore miners – Rio Tinto and BHP – this week outlined their iron ore production expectations in operational reviews.

Rio lowered its 2017 iron ore guidance to 330 million tonnes (Mt), down slightly from a previous forecast of between 330-340Mt.

BHP, which produced around 231Mt in the 2017 financial year, has set its guidance for the 2018 campaign at between 239-243Mt.


link

[arnietwo] 19/7/2017 20:17

Dont think its going to drop back to 32 level soon so bought again yedterday at 3405

[utyinv] 19/7/2017 20:01

Christh,

Only one Broker has it as a strong sell i.e. Goldman Sachs



Interim Results out 2nd Aug

Trading Statement on 18th July was promising

[christh] 19/7/2017 14:15

latest upgrade for Rio Tinto (19 July)
epic...Company..........Broker..........Old Recom...New Recom...Old Price...New Price
RIO Rio Tinto PLC...... Deutsche Bank..... Buy....... Buy.........4,200.....4,200
RIO Rio Tinto PLC...... Macquarie...... Outperform... Outperform..4,000.....4,000
RIO Rio Tinto PLC...... HSBC................Buy.......Buy....... 3,800......3,800

[stevenrevell] 19/7/2017 14:13

Plex coin con