Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
So where else should RIO go then driftking?....a banana Republic somewhere. See what that would do for the share price.
Rio Tinto has made it clear dismantling the DLC structure isn’t a priority. At the February results call Jakob Stausholm described it as “the smallest issue to my mind” in response to a question about whether the miner would consider collapsing the DLC structure
Thinking of selling this if we hit £63 a share.
Anyone think I should hold on a few years ?
I’ve thought of doing the same , been there 2 or 3 times over the last couple of years since my £60 per share purchase and I’ve bottled it each time when FOMO kicked in. Promised myself I would sell next time with a view to buying back in on drop to the £40’s. I will do it next time and wait for Sod’s law to kick in..
I bought £48 and made a decision on the day i bought to cash out at £58.... done it, but really think this will go up much further and i didnt think id be selling this early.... if you have a plan though stick to it.. gotta be happy with your return
Only you should make the decision. We all hold different shares for different reasons. For ME, my holding is strategic, partly defensive, partly for the infrastructure aggregates, metals and elements necessary for transition from fossil fuel reliance to build the electrical future that Politicians around the developed world have decided is best and partly for capital uplift.
RIO is currently a laggard in my portfolio but elephants cannot run
Rio has been downgraded to £60 still good this year.
Great dividend imo this is a long term hold! Great investment ! Make £63 I would sell but that’s my decision as have held for years and enjoyed the dividends but remember the tax on them now
To say it’s a good dividend payer, is a little naive in my view.
If we look at the numbers over the past 18months and going forward EPS has declined and will continue to decline into 2027 Im afraid due to higher costs and taxes.
I know it’s not much if a decline but we will be having constant declines until 2027 at least.
FY EPS numbers in USD
7.168(2024) 6.817(2025) 6.22(2026) 5.58(2027)
These are numbers from Macquarie brokers in Australia.
Dividend expectations
$4.4 (2024) $4.2(2025) $4(2026) $3.85(2027)
Who knows where the SP will be in regards to these figures above.
If you are a very long term holder you would have been able to buy at £9 some time back and even if dividend drops to $3.85 that is good yield given that dividends over last decade have exceeded the £9 entry level. Hold a good few in ISA. RIO has huge power to increase exposure into copper , graphite etc.
I would not listen to anything drifting has to say. He has been wrong so many times before. When it doesn't go his way he simply disappeared. Now he has a crystal ball to see into 2027. Good grief, give me strength.
Could someone please tell me with which share dealing platform you have good experience and low costs?
ALthough I had a good experience with Halifax, I have found share trading fees to be high. My usual number of trades is about 5-10/months.
Thanks
I switched from Barclays to Interactive Investor at the end of last year. Fixed fees rather than a percentage are much cheaper once your portfolio reaches a certain size, low dealing costs of £3.99 per trade (even free for regular monthly investments), prompt divi payments, free SIPP withdrawals when I eventually get there. I experienced a few problems transferring from Barclays, Interactive Investor service was excellent, Barclays were rubbish. Very satisfied and soooo glad I moved away from Barclays.
AJB. Best all rounder.