I think something will happen, like you said float off coal division in US, Rio would want Glencore copper. Trading division is normally a cash machine.But Glencore would want over 400p a share. |
I cannot believe TIO dont bid for Glen, float coal and could also flooat off the trading arm. Feels like a no brainer at current market prices. Saying that, any off the majors could pick off GLEN and do the same |
Rio I think should bid for Glencore, then float off Glen coal division in US. These big mining companies do look value for the longer term. |
Tuesday open..
Rio Tinto was the biggest loser, down 2.1%.
The mining titan faces criticism after activist investor Palliser Capital on Monday said it is "deeply disappointed" by the company's decision to reject a motion to review its dual listing. |
I think the big miners should delist from London, not appreciated in UK. |
What happens to our ability to trade our Rio Shares here in London and what happens ot our share values here if Rio Tinto is delisted from the London Stock Exchange? |
I think there is a motion to have a vote, directors want to stay in London.But directors don't own the company they manage the company. |
No they are resisting the calls .. so far, but U.K. market lags the rest of the world and that’s the problem |
Results please the market, I thought good. |
Has RIO indicated it would do this? |
Rio and Glen should leave London listings go to US. |
Holding up, the strategy backing copper over iron is working. Not as bad as some were worried based on other mining giants. Not great free cash flow or debt movement but to invest you have to pay the price.
Despite the idiots at HL posting this as 225p it is priced in cents so 225c final dividend roughly 178p due on 17 April which will be very welcome. |
Today Brokers comment
Goldman cut from 7500p to 7400P said Buy
BOFA cut from 7800p to 7500p said Buy |
Blue response, very good. |
Great Aluminium and Copper numbers. Also as commodities they are up 7 and 16 percent YTD, reflect on that for a moment. |
Final divi US225¢
xd 06 March
£ value 08 April
pd 17 April
For the 2024 year total payout is 402¢, a fall of 7.6% on 435¢ for 2023.
As an income investor I'm far more interested in divis than share price flucs. Miners' divis are not progressive but are tied to profits. |
Yeah I was thinking the same.
The big drop in the divi was not as much of a pain point as others have seen that's for sure. Generally as steady a ship you could wish for in the rough seas that are the mining sector.
Good luck all 👍🏻 |
The star of the sector |
Down big in Oz, so lets see .. |
results look fine to me |
A lot better-much more positive. Great results-strong divi as usual. Here for the divi. Ignore the market-look at the business-about to explode as world moves up a gear with falling rates, war damaged cities needing repairing, China wakening up, Russia in from th cold and infrastructure in US and India ripe for renewal. |
Considering iron ore price decline results very good and way ahead of Glencore.
Rio Tinto: Strong operating performance underpins financial results. Headline on yahoo finance. |
I thought they read better than the results from BHP |
Rio Tinto reports smallest full-year profit in five years
Rio Tinto updates mineral and ore reserves |
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