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Started: AliveandKicking, 17 Jun 2024 09:58
Last post: AliveandKicking, 17 Jun 2024 09:58
I was reading about the serbia mine and all the election problems etc tec a few months ago ,RIO did a presentation also and most of the mining I believe is under ground and the land above would be managed and greened very well ..Thought she might bounce today on the news .If it gets past the political mumbo jumbo which I think it will now as money talks , and as its not really a scar on the landscape like iron ore mining , so hopefully it will get the green light in 2-5 years and be a good earner especially with europe imposing electric cars on everybody
Last post: nikylauda, 16 Jun 2024 10:59
Started: AliveandKicking, 15 Jun 2024 13:12
Last post: AliveandKicking, 15 Jun 2024 13:12
They say investing in RIO is like investing in China which can be good and bad. With recent projections of 4.75% growth in China I think I read do we think RIO will stop falling ? I personally want to get away from UK faced stocks and have sold LLOYDS and TW and GSK after many years of ulcers to top up here , just need to maybe sit on my hands a bit longer until she makes a solid rise, I am not the most patient of investors but telling myself to wait to see what fall out our election and the French election brings as the markets like any excuse to short stocks.
Started: fromage, 6 Jun 2024 16:25
Last post: Tony1957, 11 Jun 2024 15:02
"Never mind all that useless jabber, I have never heard of any platforms doing a runner in 40 years of investing. however the RIO sp is nearly down to buying time."
Vouchers are just electronic chits, easily issued and easily authenticated.
Just wait until you find out about the daily reconciliation software some of these intermediaries use.
Of course, though, you are right, none of that matters a jot .................until the one day it does matter , as various people in Lehman brothers found out.
Never mind all that useless jabber, I have never heard of any platforms doing a runner in 40 years of investing. however the RIO sp is nearly down to buying time.
The USA and UK platfom system I have investigated. The summary, if you fear a modest or major system collapse, get your money out of shares being held via platforms. Iinstead use a broker that will make the share purchase on your behalf and advise you of the share certificate details. Brokers who do this have significantly higher charges than the various platforms.
The chain of custody for platforms is deliberately long and obtuse, with simple vouchers being held, once away from the first, or sometimes seconds step. Legal liability to elements of this chain is limited not to absolute loss but loss as a result of a failure to safeguard or improper behaviour.
To understand how this will not transmit your loss to the source of liability, one needs to understand the nature of the chain. Major original holders of shares have independent subsidiaries, with carefully constructed legal frameworks, that offer very limited liability. These are not in place in the custody chain adjacent to themselves but at a 4th position or a point distant from themselves.
Say you have "purchased" shares in company A and the chain of custody is short, say only 6 different exchange houses. Say there is a collapse in the market and many share prices drop. This results in the opaque entity which is in position 3 in the chain becoming insolvent.
You feel content, although there has been a general market collapse, company A shares have been less seriously affected and have lost only 20% of their value.
Your platform then advise that your holding is lost and of no value. They are No 6 in the chain and they have been advised by Nos 4 & 5 that you holding is lost because 3 became insolvent.
Your claim for liability is with the platform you dealt with, No 6. To defend their liability for the loss you have suffered they simply have to prove that they have acted properly in all matters. Did they do due diligence according to accepted industry standards, did they hold all the correct certificates and recent tests of authenticity and verification? Oh yes, No 6 will have all that with No 5 and No 5 will have all that with No 4.
So who is going to pursue your loss, because certainly Nos, 6, 5 & 4 have suffered no loss as a result of the collapse of No 3, they have simply written off their liability for their holdings against yourself? Yes, look in the mirror, there is the only individual interested in holding anyone to account for this state of affairs, and to do that you will be seeking details and records from opaque entities for whom your loss is irrelevant to them and assisting you with details of records and transactions is in fact a financial burden. They will not co-operate voluntarily. You may well be able to legally enforce co-operation but that requires that only a single element in a long chain has become insolvent and has lost its records & will be prohibitively costly to yourself.
Yes, it is £85K and investments are covered. You are the beneficial owner but not the holder, and if the holder fraudulently sells them and does a runner they are lost to you.
You could split £300K over 4 or 5 platforms, but that is very inconvenient and more expensive. I believe normally platforms use a 3rd party as the ultimate holder, so if you do split you would have to check the ultimate holders because the FSCS limit applies to ALL your assets in that organisation ()eg they may service two or more of your platforms. I am not worried in the slightest.
To compare prices/charges, you need to look at the values in each of the accounts separately, as they are not uniform (eg sipp/deling/isa).
1) T&C of broker may say otherwise especially limits
2) Shares often are held in nominee accounts and not in own name.
Last post: ironknut, 11 Jun 2024 09:25
Hardly surprising the sp is falling like a brick when a Director bails out, selling a vast number of shares. Amazed no comments on this site. Clearly others noticed as the sp heads south.
Started: driftking27, 7 May 2024 20:26
Last post: BaldChap, 6 Jun 2024 13:41
AJB. Best all rounder.
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.
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 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.
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.
Started: AliveandKicking, 2 Jun 2024 17:36
Last post: AliveandKicking, 2 Jun 2024 17:36
I have raised this point on the GSK Board but it me or do US judges, lawyers and Ambulance chasers always pick on foreign companies mainly to suck dry with their fraudulent and excessive claims ?.Rio is now going to get hit by a US law firm with class actions, , GSK are fighting 70k questionable claims brought by US lawyers its BP ground hogg day all over. Do Blue chip companies roll over too any fraudulent claims to protect company reputation and share price or fight for years and years which hangs on the share price as well. Share holders cant win either way and the lawyers win what ever . After its last £30Billion hit by ambulance chasers Lloyds and other lenders are being had over again by legal firms claiming car buyers did not read or know what interest rates they were signing up to in their loans etc etc its laughable if it wasn't so serious to the SP. I agree there must be some people who rightly should have a claim against RIO and any other company but the massive industrial scale class action witch hunts which are being allowed by courts to make £billions pounds for law firms must and should be stopped .If you promise people free money they will agree to play the fraudulent games of these law firms. Its hard enough to make money investing in shares without having to second guess what alleged scandal and class actions the law firms will make up next against any potential companys you have shares in. Perhaps it makes more economic sense just to invest in Ambulance chasing law firms ?
Last post: Dinoken, 22 May 2024 22:57
Great news that First Quantum pressing ahead with feasibility study for this monumental copper development in Peru of which Rio has a 45% stake.
Started: fromage, 26 Apr 2024 10:01
Last post: Alas_Smith, 17 May 2024 23:44
The lessons you are missing, BetterDaze, are that fromage knows his onions and that investors set ambitious goals. Much better to achieve 95% of the ambitious goal than exceed the pedestrian target by 5%
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.
Started: driftking27, 15 May 2024 13:35
Last post: driftking27, 15 May 2024 13:35
Spot prices
https://tradingeconomics.com/commodity/iron-ore
Last post: Donkeyeeyore, 21 Apr 2024 10:54
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.
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
Started: 1.ARMANI, 17 Apr 2024 09:54
Last post: 1.ARMANI, 17 Apr 2024 09:54
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.
Started: Share-be-alright, 8 Mar 2024 12:57
Last post: Stockready1, 6 Apr 2024 01:30
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?
@stockready1 adroitly demonstrates the inadvisibility of confidently predicting what the market will do, especially in the short term:
Writing on March 11 "another dive to 45 and under within the next 10 days" - not as such, not at all. May possibly happen again, of course, but less definite than that £60 will be breached once more, sooner or later.
Not sure this is going to 45...
BlackRock world mining is one perhaps. I invested in it for first time last month.
Started: fromage, 12 Mar 2024 08:42
Last post: Alas_Smith, 21 Mar 2024 08:14
Fromage, I am eligible to draw a State Pension in the near future. I had increased my risk tolerence from Med/High to High in 2022 (timing was poor), but I have only a tiny SIPP for IHT planning. The bulk of wealth is sheltered in ISA wrapper.
In targetting capital growth and drawing no more than 3% from portfolio, my long term growth, despite the occasional year when things sour, is 13.25% to include the reinvestment of any cash thrown off by way of dividend.
Growth of capital should ensure sufficient hedge for inflation.
It needs another push - any volunteers? I have held this company in variable amounts for 10 years, and while my spot annual return has varied from 70% to -8% (now) I have no complaints. When I look at the overall return it is among my best. I do not invest for capital growth, but just to keep my pension RPI proof until I spend it. It has done better than that and I expect that to continue long term.
My holding remains underwater. The only consolation is the 4 figure dividend received over the course of a year. Price remain static and 3 years will have me at break even.
This is mo cause for celebration. I invest for capital growth.
My buy of 225 has just appeared in the list. I think this share has languished too long, and is due to go up. Not that I will be selling this decade, probably, but will it be the bottom? Seems undervalued so I decided to get behind and push.
Started: Max111, 20 Mar 2024 10:35
Last post: Max111, 20 Mar 2024 10:35
India's sponge iron producers seek duties to curb iron ore exports:
https://twitter.com/Reuters/status/1770352239271379106
Ps I assume that's what scoble meant but it does seem to confuse a lot of people.
Ex Dividend means if you purchase shares on or after the quoted xd day, today for Rio, then you are EXCLUDED from receiving the next dividend payment. So if you purchased RIO today the sellers would receive the next dividend payment due in April and the purchasers would have to wait for the next dividend due in September.
Scoble - you are incorrect by saying "If you sell your Rio Tinto shares today, you will not receive the dividend payouts"
If you are going to post please be aware of your facts, others here may be misled or even lose money by inaccuracies.
RIO Tinto went XD today so anyone who wants to sell today (on X dividend day) or after today will still get the next dividend.
If you sell your Rio Tinto shares today, you will not receive the dividend payouts.
Started: ROCKETVI, 7 Mar 2024 09:45
Last post: ROCKETVI, 7 Mar 2024 11:21
Thanks for replies but my question was would You still get the divi if You sold Today which has been answered as You will get the divi. It just confused Me that the Company states it will only be paid for thoses who are on the register at close of play on the 8th March. If You sold Today, then You wouldn`t be on the register on this date. I will assume that the previous replies are correct but intend to hold for a while. Cheers.
Incorrect Rocket you won't get the dividend if you buy today, I wish it were true as I just brought some at £49.40.
A good way to remember this for the future is swap the 'X' on 'X DIVI' for 'NO' as in 'NO DIVI'
Trouts is right, and just to add, if you sold today you would get the dividend. It's the XD date you need to look out for, not the register date. It's usually the day before, and usually on a Thursday on the LSE fyi.
Today is ex-div date. If you buy shares today you are too late to receive the divi, hence the drop.
Expected drop but cant understand why as the divi will only be paid to holders on the register at close of play on the 8th March. Selling Today would not get You that dividend or am I missing something ?
Started: Roxi, 21 Feb 2024 07:16
Last post: Paul2566, 6 Mar 2024 14:00
1.Armani
I sold SHELL a while back, just because at the time I held both BP. and SHELL, I liked BP. more so moved the SHELL profits such as they were into BP.. I Held BP. from the second half of 2020 until I sold the lot in the first half of 2023. To be honest I cannot remember what cause me to sell but managed a capital gain of £11.5k. I was very lucky as I had bought as low as £1.93 to as high as £3.90. I guess I'm a bit odd, I just do not like selling stock usually, and I really do like RIO, its my 4th largest holding by value. Most of my stocks are income stocks with only about a 1/4 of my holdings being what I would consider growth stocks, and half of those 'growth' stocks pay smallish dividends. I guess I'm a hoarder who likes a dividend. I do wish I had sold AAL in 2022, hindsight is a wonderful thing, so now I'm sitting on a paper capital loss slightly offset by the dividends I have had, but a good sized loss none the less.
My biggest loss was with DLG, that really blindsided me, worst of that was I lost all faith in the management so bit the bullet and sold at a loss. I guess we all pick losers now and again, the aim of the game is to pick more winners than losers. ATB
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
Started: Gary59, 10 Feb 2024 10:58
Last post: HH88, 6 Mar 2024 11:56
Thought I’d practice what I preach & purchased yesterday @50.19.
Equal funds ready for tomorrow, although the budget may change the narrative.
Might be worth considering splitting your investment, so half now at £50, which will effectively be £48 with the imminent divi, and the other half on xd day?
Just a thought to take advantage without so much risk Gary.
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?
Started: chasbrown, 29 Feb 2024 13:54
Last post: chasbrown, 29 Feb 2024 13:54
Attractive buy in price at the moment I reckon. I'll buy a few each month and build a nice little holding.
Started: driftking27, 21 Feb 2024 19:25
Last post: Tom78, 23 Feb 2024 16:12
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 …
Started: driftking27, 20 Feb 2024 12:41
Last post: moneybox007, 21 Feb 2024 12:39
Where's "my mum's Mystic meg" driftking27 then?
Another plonker filtered.
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
Started: driftking27, 20 Feb 2024 12:31
Last post: avocet123, 21 Feb 2024 07:13
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.
bhp have just announced divi cut that has been expected by 25%.
looks likely rio will follow, after anto***asta cut there’s too today.
nasdaq analysts have good views to follow for future expectations.
vale are due to cut too on 23rd too by some.
therefore, rio will drift lower, back to 5000p i believe by graphs i’m watching