RIO listing7 May 2024 20:26
Read this is in Australia Financial Review Saturday.
“Time for Rio Tinto dual-listing rethink with Anglo American in play”.
Rio is not in a play for Anglo, anyway. However some points below can be relevant for investors here.
“Currently, the ASX-listed shares are trading at more than a 25 per cent premium to the Plc shares, the widest gap since 2013. And a widening and sustained spread is forcing people to revisit the long-running question of whether Rio could unlock more value for investors with a different structure.”
“This, and the growing valuation gap, is making it hard to ignore the DLC. In the past month or so, domestic (means Australian here) investors – estimated to be underweight the resources sector – have piled into the locally listed Rio shares as miners globally started to outperform.”
“European investors tend to use Rio’s Plc stock as a way to trade China, and a more bearish outlook has them selling”.
End of quotes
In other words, Euro sheep gets scared by tabloid propaganda and sells Rio, while Aussies see the value in their business/assets and buy. In my opinion, having HQ and listing in London is a leftover from distant past when Britain worked and prospered. This is long forgotten and moving out is well overdue.