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Hi Jfallonirl, I was hoping someone would answer your question!
Someone may have an idea of how they calculate this. In the meantime, I have pencilled in my own expectation of about £2.50 ( and no special). This is simpy based on the final dividend being reduced by roughly the same amount as the earlier interim dividend. We wait and see....
Does anyone have a view on what the dividend declared tomorrow will be? Is there a chance of a special dividend?
Good to get some views.
Jon
Question ? does an obsession with Iron Ore constitute some kind of perversion ? Just asking.
Good morning, iron ore futures rose by 0.6% to US$126.90 a tonne in Singapore trade on Monday on hopes for better demand in China:
https://twitter.com/CommSec/status/1627749086077267970
Driftking27's sporadic appearances on the RIO board are usually warnings of peril.
His cautiousness is not without merit - we live in a very precarious world - however, his track record on predicting RIO is as woeful as it gets.
Ahem, since when was China the only buyer of iron ore, we even use it in the UK and the Yanks certainly use a lot. Ahem, since when was iron ore the only product of Rio, they even do salt and diamonds too.
A very dire prediction there from driftking. Does anyone here have a more upbeat outlook?!!
The mantra from yesteryear notes to buy the rumour and sell the news. Nat West (in which I have some skin) is a great example where very decent results were expected (and the share price rose) and were delivered. At which point the price collapsed a full 6% over the day.
FWIW, I would not be surprised if we see the same with RIO. It is a great company, results are expected to show improvement on most metrics and the SP has been rising. Perfect opportunity when results are published in a few days to sell with the news but add withe rumour.
The next price point rumour, of course, is once analysts have been through the numbers, made comparion with peers, intruduce the veneer of geo-politics and come up with a new range of targets. The new numbers become the new rumour. The cycle has adjusted and perpetuates
Current rising Iron Ore prices is not what is going to be divulged, but the large drop in earnings for last 6months due to Chinese Lockdown.
I can bet’ there will be a dividend cut along the way.
This is also what both my brokers predict BARCLAYS & RATHBONES.
Vale has already announced its massive dividend cut to 4% from 12%.
Just a heads up
Good morning, iron ore futures lifted US25 cents or 0.2% to US$124.94 a tonne on Friday:
https://twitter.com/CommSec/status/1627378106851016705
Think that you nailed it there " bet " being the appropriate word.
Good morning, iron ore futures lifted US35 cents or 0.3% to US$124.69 a tonne yesterday as traders bet that the Chinese government will lift support for the economy, helping steel demand recover:
https://twitter.com/CommSec/status/1626326625280483328
Iron ore futures. YAWN.
Good morning, iron ore futures lifted US14 cents or 0.1% to US$124.34 a tonne yesterday:
https://twitter.com/CommSec/status/1625956264781185024
Max111, your “daily” publishing of commodity prices might benefit those with a highly focussed short term perspective. For those of us that might have a holding that is part of a diverse portfolio, the nuances of a few cents here and there are meaningless.
In the old days (30 or 40 years ago), I used to go to shareholder meetings not mainly because I owned shares in that enterprise or could rely on a decent kunch, but to discover more abiut its rivals. Should I ditch Shell in favour of BP. I only started to invest in RIO a couple of years after my investment in the belt maker Fenner was realised at a decent profit.
It is not my style to only invest in 4 or 5 investments . Would need to have a very close eye on a few hundred others and be utterly reliant on AI to make decisions rather than human understanding of geo-politics, real people that are in senior manager roles etc
Good morning, iron ore futures lifted US44 cents or 0.4% to US$124.20 a tonne yesterday:
https://twitter.com/CommSec/status/1625581284268580864
Good morning, iron ore futures lifted US49 cents or 0.4% to US$125.14 a tonne on Friday:
https://twitter.com/CommSec/status/1624832726460428289
Good morning, iron ore futures lifted US$1.44 or 1.2% to US$124.65 yesterday a tonne as an expected recovery in China buoyed the outlook for steel demand:
https://twitter.com/CommSec/status/1623782541282127872
A bullish sign on Dow's charthe 50-day and the 200-day simple moving averages are commonly used.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher.
When this hits the 5000's the stop losses could fire and we see another 2-3% drop?
Good morning, iron ore futures rose by US$1.31 or 1.1% to US$125.26 a tonne on Friday. Over the week, iron ore rose by US$2.56 or 2.1%:
https://twitter.com/CommSec/status/1622301636264886272
Who writes this rubbish.
In November 22 India removed the 50% export tax.
So unless they have reintroduced it you can
hardly say its a country that is reluctant to share.
Iron ore prices could rally as one leading producer remains reluctant to share, analyst says:
https://twitter.com/CNBC/status/1620693322086977537
They have found it , did well to track it down .
Going forward will have to tighten up handling and storage procedures .