Rio Tinto Share Discussion Threads

[action] 02/8/2017 09:17

There is only one game in town and that is divi play....

[christh] 02/8/2017 09:16

Take notice of this
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The payout sets the scene for any even bigger windfall in February 2018, when Rio will pay its final dividend.

The miner's coffers will be swelled further when it receives $US2.45 billion from the sale of its Coal & Allied thermal coal business to Chinese backed miner Yancoal.
Those proceeds are expected to arrive in the September quarter.

[christh] 02/8/2017 09:12

The news are out
Rio Tinto returns an extra £1.9bn to shareholders with bumper payout

[christh] 02/8/2017 09:08

Rio Tinto delivers record interim dividend

Rio Tinto has delivered shareholders a record interim dividend, with surging earnings from its iron ore division helping boost underlying earnings for the six months to June 30 by 152% to $US3.9 billion.

Analysts had expected earnings of $US4.15 billion; in the previous corresponding period the company's posted underlying earning of $US1.56 billion.

Rio will pay an interim dividend of $US1.10, up from US45¢ for the first half of the 2016 year. It's previous highest interim dividend was US96¢, at the height of the mining boom.

The company has also launched a $US1 billion share buyback of its British shares.

The payout sets the scene for any even bigger windfall in February 2018, when Rio will pay its final dividend.

The miner's coffers will be swelled further when it receives $US2.45 billion from the sale of its Coal & Allied thermal coal business to Chinese backed miner Yancoal.
Those proceeds are expected to arrive in the September quarter.

hxxp://www.afr.com/business/mining/rio-tinto-delivers-record-interim-dividend-20170802-gxnumo

[action] 02/8/2017 09:04

I like what I see Robrah..so in now. No price target ... May be years high.....

[christh] 02/8/2017 08:55

From a report this morning
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Rio Tinto said its first-half profit increased, as it more than doubled its interim dividend and launched a $1.00bn share buyback.
The miner reported a pretax profit of $4.96bn for the six months to June 30, rising from $2.10bn in the same period in 2016.
Revenue rose to $19.32bn from $15.50bn year-on-year, which Rio Tinto said was primarily due to higher average commodity prices.
Rio Tinto declared an interim dividend per share of 110.0 US cents(83.13p), more than double the 45.0 US cents(33p) paid out for 2016 interims.
The miner also said it will launch a $1.00bn share buyback to be completed by the end of 2017.
Rio Tinto noted the dividend and share buyback combined make for $3.00bn in cash returned to shareholders.
This amounts to 75% of its underlying earnings of $3.94bn for the 6 months, which was more than double the $1.56bn in underlying earnings for the same period in 2016.

[christh] 02/8/2017 08:47

This should recover back to £35 today.
Results can not be ignored,neither the yield,nor the groth or the management.


I have said that the rsults will be good.

[arja] 02/8/2017 08:37

mining stocks down today across the board and hence a falling FTSE 100 . Might well recover later and RIO too might bounce if punters have second thoughts about the figures .

[christh] 02/8/2017 08:20

The price should recover, so these are games by the market makers to pick up stock.
I am sure many brokers, the media especially Investors Chronicle will like that and reccomend as a BUY.

The price is still within the £40 target price.

[robrah] 02/8/2017 08:19

Action for buying back to be tax efficient one first need to have made profits lol Can't tax losses . Ask christh

[robrah] 02/8/2017 08:17

Action ask christh . How much has the buyback has he benefited from lol He bought it in at 50 quid and it is still 34 He could have got more from the bank in the same period lol

[christh] 02/8/2017 08:17

ACTION
2 Aug '17 - 08:07 - 54931 of 54934 0 0
No special divi

The divi has been increased from 33p to 83.13p an increase of 144%
Aren't you happy with this?

It's just the same.
Rio are returning $3 billion cash to the shareholders.

I am happy, very happy indeed.

[action] 02/8/2017 08:14

Buy back is most tax efficient way for shareholders rtn

[robrah] 02/8/2017 08:14

Divi is not free money ?? Ask christh has the free money after all these years got him even to break even lol doubt it

[arja] 02/8/2017 08:14

christh- it is the dividend % which is relevant and what is that ? I must check later but too busy watching market at the moment .

[robrah] 02/8/2017 08:13

I have never been a fan of these buy backs. They should rather just hand it back to the share holders.

[action] 02/8/2017 08:10

RobrahI heard some where divi is free money....take it

[christh] 02/8/2017 08:10

The hedge funds/pension funds/ institutions will pile in.
83.13p dividend is a very good return.
It is a 144% increase on the dividend from 33p a year ago to 83.13p

You would not get this return from any bank account,bond,investment etc.

X-div on the 11 August, so expect a surge in Buys to qualify for the dividend.

[action] 02/8/2017 08:07

No special divi

[action] 02/8/2017 08:07

In for divi as it is safe for now .. gearing 13%....

[robrah] 02/8/2017 08:06

Any special dividend?

[robrah] 02/8/2017 08:04

Lol action

[keya5000] 02/8/2017 08:04

WTF did they want?

Cannot pick holes in those numbers surely?

[arja] 02/8/2017 08:02

surely not ex-div today ? if not . share price hammered so far .