George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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.
PHNX
Results day PHNX opened 510p then in nanoseconds 518 into 520 +++
It's only days ago that some posters wished they'd added more shares.
Aviva has also gone ex-dividend and retraced 10%
MNG fell off a cliff from recent highs and retraced 18%
Thankfully I managed to reduce my LGEN by 21,000 shares above the 250p, as I was overexposed.
I'm happy to hold my main pot at 492p less recent divi.
gla
Gary59
Analysts have penciled in forward projections for PHNX
31st Dec 24 Revenue 6.709 Billion Pre-Tax 873.39 Million Forward EPS 53.88p. (Earnings per Share)
31st Dec 25 Revenue 7.323 Billion Pre-Tax 939.06 Million Forward EPS 59.54p.
31st Dec 26 Revenue 6.938 Billion Pre-Tax 901.00 Million Forward EPS 62,33p
If one uses a PE multiple of 10 x Forward EPS per year in 2024 = 540p ish moving to 2026 = 6.23p ish
Add some divi froth which seems good to me!!
Analysts have also penciled in >>>
2024 divi 54.34p
2025 divi 56.19p
2026 divi 62.33p
DYOR
ATB
BHP this week.....markets like sales of some assets, gives weight to valuations.
BHP, Mitsubishi Development seal sale of stake in coal joint venture
BHP Group Ltd said it and Mitsubishi Development Pty Ltd had completed the sale of the Blackwater and Daunia mines.
These mines are part of the BHP Mitsubishi Alliance metallurgical coal joint venture in Queensland. BHP and Mitsubishi Development each hold a 50% interest in the venture.
BHP announced back in October it had agreed to sell the Blackwater and Daunia mines to two wholly owned subsidiaries of Whitehaven Coal for USD4.1 billion in cash.
On Tuesday, the Melbourne, Australia-based resource miner said Whitehaven Coal had paid BHP Mitsubishi Alliance USD2.0 billion cash on completion date on Tuesday plus a preliminary adjustment of USD44.1 million for working capital and other agreed changes.
Whitehaven Coal paid a USD100 million deposit on signing of the asset sale agreement on October 18.
BHP said USD1.1 billion cash remains payable by Whitehaven Coal to the joint venture over three years after completion and a potential additional amount of up to USD900 million in a price-linked earnout may also be payable by Whitehaven Coal to the venture over three years.
he price-linked earnout is subject to a cap of USD350 million each year and depends on average realised pricing exceeding agreed thresholds for each of the three years following completion on April 2, 2024.
"The total cash consideration for the transaction will be up to USD4.1 billion plus the final completion adjustment amount," BHP said.
Https://www.google.com/finance/quote/SX7P:INDEXSTOXX?comparison=LON%3ALLOY&window=5Y
STOXX 600 BANKS VERSE LLOYDS ON THE 5 YEAR CHART.
STOXX 600 BANKS + 31.35%
LLOYDS ( - 16.48%)
Lloyds is a barometer of Lloyds BOD who have proven to be spineless & now caving/ bending over to the latest FCA discretionary commission arrangements (DCAs)
Time for a new broom!
gla
MVarawa, just been reading your posts on Lloyd's bb over the past few days 😃 recommends from me!
I'm out of Lloyd's as it's joined with no 10/establishment.
226p sell sounds about right after ex divi.
gl with your trades.
ATB
Good Morning 🌞
Happy Easter to a lonely cave 😀
Not much to report.
Invested in divi stocks
LGEN
PHNX
AV
MNG
RIO
BHP
AAL
TW
Others with crap divi but growth potential!!
BWY
PSN
DGE
Nothing much to report in Asia, rainy season coming to an end.
Tourism is mixed with so many bums on sand (digital nomads) with a laptop.
Have a wonderful Easter break!
ATB
Interim 16p dividend
2025 better days ahead :)
Analysts have an average "Estimated forward Earnings per Share"
Year Ending Dec 2024 Revenue 5.891 Billion .. Estimated Forward EPS 48.41p Div 54.21p
Year Ending Dec 2025 Revenue 6.120 Billion .. Estimated Forward EPS 54.03p Div 56.12p
The UKX awards lowly PE multiples of forward PE 10
DYOR
Happy to drip add.....gla