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Thank you G59, as you allude to, no point worrying really. I'm getting 4.75% on cash at the moment, a buffer until I grab the superior returns on offer here at an entry point in the 50'/51's.
It’s always a conundrum R61 as whether to wait for XD to buy or not. If my calculations are correct for every 5K you invest at todays £51 share price your next dividend would roughly be £200. So that’s the gamble for us mere mortals. As I’m a long term holder a single dividend isn’t that important to me so I’m going to wait until after the 7th
If you wait for ex div (7/03), you may well get sub 50, just a question of whether it drops by more than the coupon for me. Do I go in now or not?
Moneybox - "Gary, I've bought RIO below 50 and sold above 60 for several years now".
Thanks to yourself & all others who replied to my query. I never invest in a share unless I am certain that I fully understand the risks etc & only after I have researched thoroughly, this has stood me in good stead over the years.
I'm now a lot more confident in this sector & so look forward to buying here (sub 50 if possible), AAL & possibly GLEN over the next few weeks.
Thanks again all & good luck.
Attractive buy in price at the moment I reckon. I'll buy a few each month and build a nice little holding.
I think he means holding RIO shares is not something to think or worry about, not that holders have no brains :)
Not sure that is the best recommendation, that Rio is a share for people with no brains. It is my largest holding, so what does that say for my brains?
Am staying in. Long term it is a "no Brainer" in my opinion. There are bound to be dumps along the journey if you cannot live with those you should not be an investor
Drifting, don't bother no one takes you seriously.
I sold this morning.
Moved me profits to VALE
They offer more upside ..and gave lower cost to production cost basis for iron ore
Results 21st …
Gary,
I've bought RIO below 50 and sold above 60 for several years now. if you want to have "fun" and avoid funds, then you're geting very close (close enough maybe) to put something in to RIO right now.
Where's "my mum's Mystic meg" driftking27 then?
Another plonker filtered.
Paul2566
I understand where you're coming from as that's a decent RIO holding of one share!
I'm slowly top slicing certain shares which are more exposed to the UK economy and increasing global shares.
DGE, BHP, RIO, SHEL, BP to name a few.
China will step up the stimulus program second half 2024.... well that's what I believe & I'm relatively close to contacts as I live in Asia.
Be good to bag the divi and add more.
ATB
Dividend declared
203.77p ,ex div Thurs 7th March
Paydate Thurs 18th Apr
Armani
I can't say I'm not tempted, but I'm quite heavy on mining and already hold 676 of these so currently it's going to have to move a little more to push me into overweight.
I already know I'm probably going to regret not buying more at these prices, but my decision is made. Well for now at least.
Added 5113p this morning.
Ex divi in a few weeks, and as usual buying the dips.
gla
Roxi
I wouldn't say good, but not unexected given the problems in China and general market conditions.
Profit after tax 2021-2022 = $13 billion.
Profit after tax 2022-2023 = $10 billion.
That appears to be about 23% lower.
However with inflation, energy prices, and world events, as I say not a huge surprise and I think from the comments in the RNS the worst of it is in the rear view mirror.
The dividend is still good and I suspect the results for 2023-2024 will be stronger.
I have held RIO for some time and I cannot see it not being in my portfolio. It has been very good to me in the past and I suspect will continue to reward me well.
I have bought this as high as £55, but looking at my records the majority of buys have been below £50, with most of those being below £47. Currently I don't intend to buy above £51, but I have in the past and no doubt will do again.
And dividend excellent return too, RIO doing very well
Drifting, you pretty much guaranteed to everyone here that the dividend was going to get cut. What happened?
Just goes to show to not listen to any predictions on shares bulletin boards, especially those who pretend to know.
Rio Tinto today declared a final dividend of 258.0 cents per share, up from 225.0 cents per share in 2022 and ahead of the LSEG estimate of 247.0 cents per share.
Just for everyone here to understand, it is pointless to worry about divis getting cut or not, because any divis not paid out get put into retained profits which ultimately increases the SP.
Divi cut or not, is left pocket right pocket really.
All you need to worry about it earnings and profits. Not divis, unless you need the income.
When divis are cut is when I buy aggressively. Why? Because guess what, the next cycle is guaranteed.
I am grateful for the replies to my questions of Feb 10th, very interesting & enlightening.
I had a little fortunate dabble last week buying a few AAL but got cold feet so sold & made a little profit of a few hundred pounds, lucky timing on this occasion.
I have considered buying a fund in this sector but as 'Fromage' says they aren't much fun.
I think that I will wait until the upcoming results have been declared before making any purchases, it looks like dividends will be cut across the board so I'll be monitoring share prices accordingly.
Again many thanks & good luck to everyone.
As BHP & ANTO have just reported today dividend cuts if at least 25% each, RIO will be following trend along with VALE too.
We watch and see what happens tomorrow.
Nasdaq have good opinions on future earnings for shares. a place i go and always comes up trumps on results.
GLA
IM LONG, have been since 2008/09
I have already pointed out reasons NOT to buy trust funds in RISKY assets many times to people whom do t understand complexities about it.
Only buy what you CLEARLY understand.
Miners have been cutting dividends for past 12-18mths, thus these funds will suffer on both front income and performance.
Stay away from BRWM .