Rio Tinto Share Discussion Threads

[84stewart] 22/2/2024 09:59

Many mining COs are investing in renewable energy to cut cost makes sense to me.

[casket1] 22/2/2024 09:34

Boris, if you are so negative on RIO why are you invested ??

[philanderer] 21/2/2024 17:54

Rio Tinto approves world’s biggest mining project in West Africa

Miner’s chief Jakob Stausholm outlines ambition to produce iron ore from $20bn development as soon as 2025

[borisjohnsonshair] 21/2/2024 17:01

Xi is not a smart strategist that loves his country, like Putin. He's a dangerous dictator with contempt for the 1.3B cannon fodder worker bee non CCP members. The 120M CCP members are elevated but still totally dispensable, at the drop of a hat. Xi wants revenge for the 150 year humiliation, not peace and prosperity for China. I have more RIO than you but if it suffers as a result of Chinas collapse, I'd be delighted.

[borisjohnsonshair] 21/2/2024 16:57

That's correct but you are wishing for something that is a step towards MAD.

[craftyale] 21/2/2024 15:40

Cheers Tuftymatt, GL to you also. Keep the posts coming everyone.

[tuftymatt] 21/2/2024 15:07

Boris, If there ends up being a huge war then buying RIO or any other share for the long term makes no difference then. If they want to invade anywhere I can do nothing about that but if they don't and just expand as a nation over time then being connected to companies that will prosper from that is something I can control.

Good luck all 👍🏻

[borisjohnsonshair] 21/2/2024 14:28

Good news out of China isn't good news for the West. It's only an internal collapse if China that'll prevent a huge war. There's no common ground or future with a more powerful China under Xi.

[tuftymatt] 21/2/2024 14:21

Thanks CA,

My avg is just under 5050 but I don't hold as many as I should due to leaning more towards GLEN!!

I too am here for the divi / long term so think todays news wasn't all that bad. If we can get some decent news out of China eventually and a soft landing in the US etc then hopefully 5500+ isn't all that far away.

Good luck all 👍🏻

[craftyale] 21/2/2024 13:33

My AVG sits around 52. I perk up sub 50 and make more manual purchases if possible. I've been buying for about four years and up until now all divs have been reinvested. Next time we touch 55 I will keep my mouth shut as it then often drops! :) I'm in it for the div, long term. Gla.

[tuftymatt] 21/2/2024 12:58

Nice holding CA and how is your average price looking?

Good luck all 👍🏻

[craftyale] 21/2/2024 12:56

I now hold 2228 shares. Happy with the div increase. Will continue to build on weakness. Hold in ISA.

[anhar] 21/2/2024 11:40

Divi is in sterling calculated in advance ie: Final 2022 185.35p 2023 203.77p a 10% increase correct me if I am wrong

I originally wrote:

It's worse in sterling, down 16.1% against a 11.6% decline in their accounting currency of USD.

I'm sure you're right but my figures are correct for the annual total, not just the final. Personally as an income investor it's the annual payout comparisons that are more relevant for me than isolated interim or final divis, esp. with miners whose payments fluctuate so much. Also, the annual figures are needed for yield calculation.

The actual annual figures are:
2023 US¢ 435
2022 US¢ 492
reduction 11.6%

2023 UKp 341.44
2022 UKp 406.98
reduction 16.1%

[tuftymatt] 21/2/2024 10:55

That's how I see it too.

hxxps://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=RIO

Good luck all 👍🏻

[philanderer] 21/2/2024 10:54

Happy to continue holding.

[84stewart] 21/2/2024 10:49

Divi is in sterling calculated in advance ie: Final 2022 185.35p 2023 203.77p a 10% increase correct me if I am wrong

[the oak tree] 21/2/2024 10:45

Been thinking about buying some for the income and diversification as well, so appreciate the above post from Anhar. I'll let the dust settle on it though for the moment.

Long term though I like it . Has a super stock status in Stockopedia which I also like alot.

We've had alot of uncertaintly this past 5/6 years and while globally things might calm down I think it could go the other way, or at least I want some insurance in case it does. Investing in base materials , via good companies with sound robust and large balance sheets and that brings some income to me - whats not to like.

For the moment though Im out.
GLA

[anhar] 21/2/2024 10:20

...Even with currency changes I don't think this is an increase in sterling terms.

It's worse in sterling, down 16.1% against a 11.6% decline in their accounting currency of USD.

As a very long term hold income investor this is disappointing but not unexpected due to falling commodity prices. Holding miners in my income port means accepting fluctuating, rather than progressive, divis but I'm willing to live with that for the diversification. Taken over many years shares like RIO and BHP have delivered attractive income for me, on balance.

[thamestrader] 21/2/2024 08:31

Divi increase? Am i missing something? Divi is decreasing from 492c in 2022 to 435c in 2023, a 12% decrease. Even with currency changes I don't think this is an increase in sterling terms.

EDIT>> OK, i see what you mean. Final divi payment has been increased, but annual total payout is still lower than last year.

[tuftymatt] 21/2/2024 07:45

Yeah my thoughts too.
Better than GLEN I feel where I am overweight!!

Good luck all 👍🏻

[84stewart] 21/2/2024 07:26

Could have been worse divi increase is a bonus imo.

[philanderer] 21/2/2024 00:06

Shares in London’s top index closed down slightly on Tuesday amid struggles for the mining sector as a rate cut from China’s central bank underwhelmed markets.

Glencore and Rio Tinto, both of which are to announce results on Wednesday morning, saw their shares fall towards the bottom of the FTSE 100. They were joined near the bottom by Anglo American.

[craftyale] 20/2/2024 08:29

Bought some more at 5264 this morning. The UK market is very frustrating. See what tomorrow brings. Gla.