Rio Tinto Share Discussion Threads

[action] 29/3/2018 08:10

Thanks Robrah

[robrah] 28/3/2018 22:04

bought back in today 3510 . lots of coal flogged cash rich now .special divi on cards.hoping for another ride to 42 again . fingers crossed.

[arja] 28/3/2018 16:36

thanks Ian. odd that dow falling and FTSE doing own thing today and strongerr - hard to figure as mining stocks pounded but SHP will have helped I guess . Sun shining here but I miss OZ at times

[ian davenport] 28/3/2018 16:04

arja - I've traded long enough to realise this isn't a market for me , hence my longer term stance - plus I've a lot else on at mom and would hate to have anything significant exposed to the recent volatility. Sure it will calm again soon, not sure if Brexit has or actually will have much impact , but I don't think it will be reversed, despite all the hot air - a fudge will be reached, we will sort of stumble on more or less still in , but with less influence. good luck with the trading though - different markets suit different temperaments!

[action] 28/3/2018 11:46

Robrah,

R u Bear or Bull today?

[arja] 27/3/2018 21:53

I tend to trade ian but have been too hesitant lately after a bad run. Look at the way
the Dow retreated today from over 24400 t23800 or so ! If it happened in LSE opening
hours , easy to get hit hard if in the market . hard to say how long this wild volatility will continue ! ( smile ) . BREXIT not affected Uk market yet and I still hope it cna be reversed .

[arja] 23/3/2018 19:33

hi Ian ,
so do you reckon the dow is now in a bear phase or we will see a new all time high in
the next year or so. Seems to be heading for about 23200 chart support . Wish i had the guts and quicker trigger fingerr to trade it as fortune to be made if get it right ! have a nice weekend sport.

[ian davenport] 23/3/2018 11:04

Mia - feels like this might have a bit more to go - wouldn't be surprised if we see 6650 or even 6500 on the FTSE before it bases , but this is just a healthy correction on what has been one hell of a rise - just disappointed with myself that having decided to harvest this year's capital gains in January , I didn't get it all done !
however if you are looking at ISA, you only have another 7 days for it to fall - good luck

[miamigo] 23/3/2018 09:51

Hello Ian,
I still lurk! Thinking it might be a good time to put some cash into my stocks and shares ISA. Maybe into a fund.

[christh] 23/3/2018 08:53

Trump's new Tariffs on China came on the heels of another set of tariffs on aluminium and steel products approved by Trump two weeks ago and due to go into effect on Friday.


On Thursday the US said key trading partners including the EU, Australia and South Korea would be exempt from those tariffs.

[christh] 23/3/2018 08:53

Trump's new Tariffs on China came on the heels of another set of tariffs on aluminium and steel products approved by Trump two weeks ago and due to go into effect on Friday.

On Thursday the US said key trading partners including the EU, Australia and South Korea would be exempt from those tariffs.

[ian davenport] 22/3/2018 21:35

Hi Mia, even longer since you were on here than meTrump trade war I guess

[miamigo] 22/3/2018 20:21

What's going on in The States tonight chaps?

[m_k_hubbert] 06/3/2018 23:33

Grahamburn, was only out of the stock for around 2 weeks thus gain is difference between selling and buy-back price I.e.395p / share less dealing expenses. I will be able to offset this gain against prior losses but currently also have some unrealised gains for Rio given that average purchase price was lower than current market price. The 2 CGT calculators referenced in the CGT threads sort out the ‘30 day rule’ as well as the ‘same day rule’ (if applicable).

[grahamburn] 06/3/2018 20:31

Presumably MKH you didn't execute the sale and purchase back within a 30 day period as my understanding is that if you did you are considered to have held the shares continuously from the date of first purchase (ie your unused losses cannot be offset against any theoretical gain you made as you won't have made any gain so far as CGT is concerned).

No doubt, you can check this out yourself if needed.

[m_k_hubbert] 06/3/2018 18:42

Sold before XD date @4150 and subsequently bought back @3755, a bit early in hindsight as missed the lower part of last week's dip. Trading party driven by tax issues as dividend tax is somewhat onerous @32.5% whereas I still have some unsused losses for CGT purposes thus prefer extra gains to dividends. Am hoping for another bounce from these levels but quite happy to hold for the medium term.

[action] 05/3/2018 08:05

Thanks Arja

[losses] 05/3/2018 06:33

BEIJING, March 5 (Xinhua) -- China will cut ineffective steel capacity of 30 million tonnes and coal capacity of 150 million tonnes in 2018, according to a government work report available to media before the annual parliamentary session Monday morning.Meanwhile, coal-fired power generating units with a capacity of less than 300,000 kilowatts that fail to meet standards will be closed this year, according to the report to be delivered at the first session of the 13th National People's Congress.

[arja] 03/3/2018 21:28

action,
yes , 3400 is good chart support . dow turnaround might help a little on monday ..

[wendsworth] 03/3/2018 16:28

polaris : Sold ex-div at 'the off' on 1st March. Phew...Glad I did.

ACTION : YES.I'm no longer a holder.

[action] 02/3/2018 15:10

Robrah Do u see 3400 again?

[polaris] 28/2/2018 18:12

yes 129.43p according to