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I said to everyone only few weeks back what will happen here and that is exactly what is happening right now
This goes down all the way to at least 5000 and possibly lower. Will be a resistance around 5000 mark but will go down further I recon.
Longer term you can never go wrong with this company
It will push back up again when time is right.
GLA
IMHO
DYOR
It's gone ex-div today. Divi is 3.11% so net effect is RIO has dropped around 1.7% today.
Why they drop the nice divi from 10% to this rubbish level?
3.1%
Is a joke for the company of this size!
"Why they drop the nice divi from 10% to this rubbish level?
3.1%
Is a joke for the company of this size!"
It's not 3.1%, that's just this final dividend. Annually it's about 7.3% based on SP of £56.88
So if you buy at your predicted £50 then you'll get 8.3%
You think the company should pay out money it has not earned? Earnings last year were less than the previous 'bumper' year! Better than taking on debt to pay an inflated dividend with interest rates where they are.
Rio revenue 38% down!
Next level 45.
Any divi over 5% needs decent scrutiny in my view to sanity check whether it’s sustainable.
I think after cutting the divi from an admittedly very generous level due to a bumper year to a very mediocre level, this wont require much scrutiny. This is well covered many times over.
Happy days if the SP goes down further as the divi only gets better and I am in the accumulation phase again.
I took some shares off table for elder sons ISA a week ago. The dividend was fully priced in and as his instructions are for VERY HIGH growth, can reinvest if, as has happened, from a small fall in the mkt cap that exceeds the value of the dividend had no bargain been executed
Alas, can you tell us what share will bring your son "very high growth"?
Stockready, thanks we all should have listened to your wisdom weeks ago.
Loggy
Thanks you; that makes sense
However I still think despite the divi this will go all the way down below £50, not making enough profit means bad management while the market is to their favour. This means they are wasting. I joined one of their AGM live meeting and truly some clueless managements who didn't know nothing, that was a year ago and I hope they are sacked but to me this company has potential and can do very well if managed well. I wasn't even impressed with CEO either, I think they need to re-think what they are doing and think well. This company has huge potentials but I truly think some clueless in charge which they need to go.
I hope decision makers see this message and do something about it that is the only way we see push beyond £80 mark, that is the real potential here but sadly been missed because of bad managements.
IMHO
GLA
DYOR
I am not qualified to give investment advice, Throneofgames, but anyone can use logic to determine the best potential forecast given the information available. After that, it comes down to research and luck. Ballast is needed in a portfolio to temper the more speculative investments.
I think we should make stockready1 CEO. Clearly he knows a lot a about the management of a mining giant. Much more than the current bod, so much is clear from his post!
Avocet
Thanks, I vote for that... ;-)
If you were in that results update and seeing the poor and sloopy responses of their top managers and directors to the questions which was asked you might have said the same. It was so embaressing, they were so nervous and clearly were making up some of the answers because they didn't know it. The CEO himself was struggling too. Who are these people running this giant mining company which clearly not doing as well as it should considering the resources and potentials?
So yes, I will consider it, but very hard work to clean up the mess they created there.
This company has a potential and can do much better than this. To me the share price should go to above 9500 if they knew what they are doing
Lots of money and time have been wasted, bad decisions which costed shareholders loads of money and losses
Come on
IMHO
Have added a few more today taking advantage of the dip in price. Not the best price, but I am content with the decision.
Divi gone back in ISA too at 5.149p.
Happy with dip today to add more shares. Was going to buy on Wed and thought was too high so added shares today at an average of £51.56
This hasn't gone ex divi today has it? Mines gone in my account yesterday so I guess this must be relating to something else?
Ex divi was quite some time ago.... before I sold on the predicted drop into the 4's....it will happen....
Market correction.
It's been coming for a while.
It's all about China !!
On a technicals, it looks like it's going to test the October lows around £45.
AAL has gone bad already :(
GLA