The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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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.
I quote from this morning's commodity market:- Prices for iron ore cargoes with a 62% iron ore content rebounded to $117 per tonne in May, the highest March, as increasing demand was met with uncertain supply.
There is no excuse for laziness. You could read results RNSs available on this web site; you could look at RIO's web site. If you cannot be bothered to do these things you should not be investing.
Good afternoon. I have bought and sold RIO as a trade at profit a few times now. Very quick and profitable. Not a lot of research required to operate this model. With the recent frenzy on BHP/AAL may I ask ( with cheek) can someone explain the split of RIO into the various commodities, thinking iron ore, copper etc. Thinking of a 'proper' lpng term hold now. Apologies for my laziness. ATB.
All this fuss with AAL and BHP - there's a lot to be said for iron as well, and don't forget RIO is more than just iron with exciting newer prospects in various places. Hold all 3 forever and pile in what you can.
I'm with you Stockready...have been in RIO since February 2016 when commodities and miners at a low. Picked up on a new year tip by Justin Urquhart red braces guy who tipped AAL at the time. Didn't know which of the big 4 AAL, GLEN, RIO and BHP to go for so bought all 4. It didn't matter as they all recovered strongly, AAL most spectacularly as they were in dire straights at the time till Cutifani. Still hold AAL, BHP and yes RIO, reinvesting juicy dividends back in, all in ISA pot.
Of all my holdings RIO is one I feel relaxed about. All about timing and patience.
Sharecast News) - Mining giant Rio Tinto on Wednesday held annual production guidance, despite a sharp fall in first-quarter iron ore shipments and production.
Iron ore production from Western Australia Pilbara assets fell 11% quarter on quarter to 78 million tonnes. Shipments were down 5% year on year to 78 million tonnes, and were 10% behind the fourth quarter. Rio cited weather disruptions leading to a lower stock drawdown compared to last year as the cause.
Rio Tinto still expects Pilbara shipments to be in a range of 323 million - 338 million tonnes.
"We delivered stable operating results in the first quarter, including improvements at our bauxite and aluminium businesses, as we navigated seasonal challenges across our global operations. Our full year guidance is unchanged across all our products," said chief executive Jakob Stausholm.
Iron
100% agree
GLA
Gman comments spot on. i could never grasp how the sp could fall below £50. It is going only one way now and even to sell below £60 an error unless forced for personal reasons.
The last post was directed to INVESTEVERYTHING
That is fair and you are entitled to.... but curious to know the basis behind your arguments?
I actually think Rio will do amazingly well in coming years due to demand and reinvestment to improve and increase productions as well as new set of new valuable portfolios and assets being added to their belt.
Above £60 is very much at the reach within shorter space of time than people might think.
With excellent devi and solid profile not sure I know many more on FTSE100 which can match this to be honest. Specially at current entry level.
GLA
IMHO
Well said, i am not a day trader either but RIO doesnt make it in my long term list, saw an opportunity to make a quick profit at 5000 and thats what ill do. take at 5750 ish and move on.
Vulture
It is not 50k or 60k mate
It is £50 and £60 to be correct ....and yes you are right the profit will be 20% percent which is decent if that is the range you play.
However i think this time RIO will push beyond £60 in less than 4 to 6 months and as I always said the push up will not be stright line.
So control your figures if you are here for decent profits.
I am investor not a day trader, you might get disappointed if you are after a fast profits here, market can be very cruel.
I really like Rio and here to stay and already in decent profits.
GLA
DYOR
IMHO
I took some profits this morning 5326p
Happy to hold the remaining shares
gla
Re buying at 5k selling at 6k is not 10% its 20%...
Yeah Gary...most traders lose money. Some try to kid you otherwise.
Fellow investors or those thinking of investing please take the posts of 'investeverything' with the credence they deserve.
If you want a good laugh just look at his / her previous posts here & elsewhere.
Noticed a nice pattern jumping up and down around 6k & 5k, bought in at 5k selling at 5800-6000 then will wait for 5k again ahahha. 10% never came so easy
Welcome. Never sell under 60 quid. Or possibly ever if you don't need the dough. This is for the long run.
Thanks for posting this gman, I almost sold my holding recently & am obviously glad I didn't.
Iron Ore Rebounds Above $100 on Speculation Demand May Pick Up https://www.bloomberg.com/news/articles/2024-04-08/iron-ore-rebounds-above-100-on-speculation-demand-may-pick-up
Pics
Thanks mate, it got close enough to what I expected.
Now the table is turning expect a rapid increase upwards in coming weeks/couple of months.
I really like Rio at the moment for various reasons...
Fundamentals, technicals and what they do on various fronts specially iron production increase capacity this year.
Goldman rated this highly and expect the divi increase in coming years
You might even be up for a special one if things go better than plan.
Overal a very good share to be in and collect divi as well as value increase at these bargain prices. Any entry within this range (48-50) is good.
Very good value for this iconic name with lots of future potentials and nice mix portfolios of activites/assets.
I picked up some at 48 add more on Friday and will keep watching this very closely for the upside move....
GLA
IMHO
DYOR
Both BRWM and GPM are set to benefit from the recent commodity boon, the former pays a dividend. I believe the latter is more exposed to precious metal producer price fluctuations and is therefore the more volatile of the two.
How do you all think RIO (49.75) and BHP (22.85) compare for value today?