Rio Tinto Share Discussion Threads

[casket1] 19/2/2024 17:20

Yeh, declaration date is 21st Feb

[craftyale] 19/2/2024 14:11

Div is declared in two days I believe.

[craftyale] 16/2/2024 16:50

Nice to see 55+ again

[eggbaconandbubble] 24/1/2024 11:53

ACTION - re RIO & GLEN. Other way round today!

[borisjohnsonshair] 24/1/2024 11:32

Just respond to the topic, don't get personal. You've lost the argument so resort to attacks and cancellation. You sad weak coward.

[yump] 24/1/2024 10:40

I take back what I said about BJH. “Idiot” was not a good description.

“Online manspreader” is way better.

(Just guessing what he’s posting)

[aeonflux] 24/1/2024 10:22

Barclays cuts Rio Tinto price target to 5,900 (6,000) pence - 'overweight'

[borisjohnsonshair] 24/1/2024 08:43

Rio is in a win win. China recovers or goes to war. Either way, it'll want as much iron ore as it can get.

[action] 23/1/2024 19:29

Rio up Glen struggling to go up.

[borisjohnsonshair] 23/1/2024 10:55

Wrong but self righteous!!! Typical!!

[borisjohnsonshair] 23/1/2024 10:49

Your comment is stupid, so you opt out of the discussion. Another gutless Guardian reader.

[yump] 23/1/2024 10:30

Actually I’ve just looked at a few of your posts and concluded you’re yet another advfn idiot, so I’m not engaging with you.

[yump] 23/1/2024 10:27

What point are you making ?

[borisjohnsonshair] 23/1/2024 10:25

RIO. Have you driven past loads of their mines on your UK Staycations???

[borisjohnsonshair] 23/1/2024 10:24

You need to check your study. The FTSE market, doesn't reflect the UKs economy. It's a global market based in London.

[yump] 23/1/2024 10:22

How does individual success show that “getting rich slow” is a valid strategy ?

It depends what stocks you buy and when. If you bought a FTSE portfolio in 1980, then you’re probably laughing now.

If you did the same 10 years ago, then you’d be lucky to see any significant growth.

I haven’t done a study to prove it, but in the UK we just don’t have general growth in our larger quoted companies.

To me that is no surprise because competition is now much more global. Plus the internet has divided our spend up across the world and taken it away from loads of SME businesses.

We’ve got plain evidence in front of us. In retail, what do people buy on Amazon instead of Currys ? Where do our clothes come from ?

If you think that our large businesses are going to deliver growth as well as income in the future then good luck with that - you’ll need it.

The old cliches don’t work and there is no reason they should.

Unless we hit a medium to long bull market and that will be ratings driven, not based on business growth.

[borisjohnsonshair] 23/1/2024 10:03

Bravo. Long may it continue. If the dividends rise, the capital value will follow, to keep the yield in check. ?

[anhar] 23/1/2024 09:57

Yeah, doing nothing is a seriously under rated skill round here, despite as you say that it's the best strat for most.

Although I invest for income, in fact the capital of my long term hold diversified port has grown nicely over the years

[borisjohnsonshair] 23/1/2024 09:46

Well said. You can try to get rich quick for decades and lose money. Try to get rich slow and you will get rich pretty fast. Don't underestimate the power of compounding. Good stock with rising dividends, auto reinvest and get down the golf club.

[anhar] 23/1/2024 09:33

Prices nearly all move randomly in the short term. People then ascribe what they see as reasons for this but there is no explanation in most cases. Thus Morgan Stanley was not responsible for the above mentioned fall, nor is China the reason for the above mentioned rise so far today.

The reason that there's no reason is that big cap share prices are the net effect of institutional trades at any point. Because they all have different individual motives to buy or sell, this means that taken together there is no single reason for a price change, mostly.

I get that it's hard for many to accept that randomness rules, not just share prices but a lot of events in life, but imo that is the way it is.

As purely an income investor I've held RIO and many other shares in my port for a very long time, having decades ago ceased trying to score from trading. Long term, prices tend to reflect company performance, short term it's just a random gamble which one is very unlikely to win over time and many trades.

[tuftymatt] 23/1/2024 07:45

I wonder if we can bounce today based on China etc?

Good luck all 👍🏻

[philanderer] 23/1/2024 00:27

Heading in the other direction was the mining giant Rio Tinto following a downgrade from analysts at Morgan Stanley. Shares dropped 1.7 per cent, or 91p, to 5288p.


Mail market report

[borisjohnsonshair] 22/1/2024 19:36

I disagree. This'll not drop below 5000 this time and will rocket above 6000 next time it breaches. Don't trust TA this time. Global fundamentals could see this hit 8000-10000 very quickly.

[adeg] 22/1/2024 16:46

Buy below 5000 and sell above 6000, take the dividends while you wait.

We didn't quite get there this time but I will be topping up if it drops under 5000.