Rio Tinto Share Discussion Threads

[gf13] 07/3/2019 09:38

the actual price now 4,150.50 -143.95= -3.35%___ not bad, i think it will recover very soon..

[andyadvfn1] 07/3/2019 08:44

Bloomberg reporting share price down on broker downgrades, no mention of the 7% xd.

[ny boy] 07/3/2019 08:24

Buy and hold I have since 2016

STX, MSYS,AOR,PFC, INFA, a few of my fav long term holds dyor as always

[demo trader] 07/3/2019 08:17

4135p at the mo.

[gf13] 06/3/2019 18:23

I am not planning to sell tomorrow or any time soon because i think the share price has a potential to go higher in the sort/medium term, it was just a theoretical question. As i said i am learning..thanks again

[thistle1971] 06/3/2019 18:06

Clearly expecting a drop but do we think it will be the full 7%

[dexdringle] 06/3/2019 17:59

The price should fall by around £3 per share tomorrow to reflect the fact that those buying will not receive the div and special div due in April.

Unfortunately, it isn't a case of buying for the div, and selling for the same price once qualified (otherwise we'd all be doing that!)

[killman2] 06/3/2019 17:47

Tomorrow, share price should fall to represent the div taken off the price, any rise will be a bonus.

Simply put, the ex-dividend date is typically two business days before the record date. ... However, the trade date has to be before the ex-dividend date in order for the settlement date to be on or before the record date -- and therefore for the buyer to receive the dividend.

As long as you purchase a stock prior to the ex-dividend date, you can then sell the stock any time on or after the ex-dividend date and still receive the dividend. A common misconception is that investors need to hold the stock through the record date or pay date.

But Do Your Own Research.

[thistle1971] 06/3/2019 17:37

What price tomorrow?

[gf13] 06/3/2019 17:33

Thank you all. I was not sure because in the "buy order” it says
Settlement Date: 08/03/19.
I am just learning, does this mean that i can not sell before the settlement date?
Killman; good plan hopefully the share price does not drop too much on/after the ex div date.

[killman2] 06/3/2019 16:58

then sell RIO and on to div for JUP next week, then CRST after that, then PFC...get them divs...

[leonidas] 06/3/2019 16:43

if you have bought the share to day you will still be entitled to the divi tomorrow.

[killman2] 06/3/2019 16:22

ex-div tomorrow so ok today

[gf13] 06/3/2019 15:40

Just bought here this afternoon. Is it too late to get the divi?

[sogoesit] 27/2/2019 08:19

More whopping returns.
Should head towards £50 in coming year imv.

[la forge] 27/2/2019 06:59

SYDNEY--Rio Tinto PLC (RIO.LN) said it will pay a special dividend worth US$4 billion as it recorded a 56% rise in annual net profit.

The world's second-biggest miner by market value on Wednesday reported a net profit of US$13.64 billion for 2018, up from a profit of US$8.76 billion a year earlier. The jump was tied to the sale of its US$3.5-billion stake in Freeport-McMoRan Inc.'s (FCX) Grasberg copper mine in Indonesia.

Rio Tinto said it would use the cash from that sale to fund a special dividend of US$2.43 per share, which fattened a capital return that has also involved buying back shares worth up to US$3.2 billion.

Directors declared a final dividend of US$1.80 a share, taking the company's full-year dividend to US$3.07 a share. For 2017, the miner paid ordinary dividends totaling US$2.90 a share.

Rio Tinto, one of the world's top iron-ore suppliers, said profit before one-off items was up 2% at US$8.81 billion underpinned by steady prices for commodities such as iron ore. That exceeded consensus expectations for an underlying profit of US$8.53 billion, based on the median of seven analyst forecasts compiled by The Wall Street Journal.

The miner said it swung to a net cash position of US$255 million at the end of December, from net debt of US$3.85 billion a year ago, even as free cash flow fell 27% in the year.

Rio Tinto has been boosting returns to investors after a sharp slump in commodity prices a few years ago sent it scrambling to strengthen its balance sheet. As recently as 2015, the miner recorded an annual loss and was forced to junk a formerly prized progressive dividend policy, which promised stable or rising returns, to conserve cash.

The miner finalized the sale of its Grasberg mine stake in December. The sale was part of a deal struck between Rio Tinto, Freeport and Jakarta to give Indonesia majority control of the mine, one of the world's largest sources of copper.

The Anglo-Australian mining company has also benefited from firmer prices of commodities, particularly iron ore, which accounts for roughly three in every five dollars that Rio Tinto earns.

Rio Tinto shipped more iron ore from its Australian mining operations in 2018 as it increased output from its newest mine and worked others harder, the company said last month.

The miner said it shipped 338.2 million metric tons of iron ore from its pits in the remote Pilbara region in northwest Australia, up 2% on 2017. Rio Tinto typically earns a margin of more than 60% from its iron ore business.

Rio had also recorded a jump in copper output, although said it produced slightly less bauxite and aluminum.



Write to Rhiannon Hoyle at [e-mail]



(END) Dow Jones Newswires

February 27, 2019 01:33 ET (06:33 GMT)

[capercaillie] 27/2/2019 06:51

Nice special

[sogoesit] 15/2/2019 09:56

No....
....
....
27th

[johncasey] 13/2/2019 10:27

Rio mine very close to Greatland's Havierion...do your research

[stevenrevell] 12/2/2019 08:57

Is resu day 21st February ta

[arja] 10/2/2019 20:00

hi Ian,
Looking atBHP and RIOP charts it seems to indicate a medium term uptrend and BHP heading for 1800 and probably then to 2000. Of course a hard brexit could change everything and I am hoping for a PV and a likely clear remain win which will help
share prioes too. KAZ and even FXPO are probably better trading stocks and even dual listed S32 at times . As always , pays to be patient and selective doing OAAT. Good luck sport

[ian davenport] 05/2/2019 08:30

Sogo - think those responses demonstrate why this thread is quiet - we've collectively realised it's too hard to trade but a great long term hold as a play on global growth ( although I actually prefer BHP for that)

[sogoesit] 01/2/2019 17:25

Ok, thanks Ian.
For me it's both a dividend play and also a possible turn in the cycle from now 18 months forward.
In last two years it has been pretty closely correlated to RDSB but instead of adding to RDSB I thought I would play some potential upside to copper and iron ore.
Long term hold since I don't trade any more.
Good weekend!

[losos] 01/2/2019 16:43

Ian Davenport - "all I ask is that the share price drifts 10-15% higher each year!"

Yes that would do for me too. I was never a trader and sold just before the commodities crash, pretty much all my holdings now are geared to dividends, no divis no interest haha. Have got back in recently because I think management had a big shock, let's hope the lesson has been learned.

[redips2] 01/2/2019 15:15

Used to trade it now just holding....... 38% up + divies along the way.... all good .