Member Info for eccles04

Present SP is a good demonstration of why you should mostly ignore brokers. Just a couple of weeks ago Barclays were talking £43 and Berenburg were saying £40

picst, sorry about that wierd spelling. Apparently my spelling is "obsolete" but still allowed (due to my age no doubt); iron ore now over $100, can't be bad for Rio.

I get a bit fed up with greedy grizzlers wanting to avoid tax. Without tax we would have no armed forces to defend us, no NHS, no sports fields, no schools and no benefits for the old or disabled. The CGT is not exactly draconian and the divi tax is even less so why not pay up and look good as most people do not have enough wealth to obtain such extra prosperity.

Something strange happening:- Iron ore price headed north in the last few days but Rio SP headed south again.

When money gets tight but stuff still needs doing, folk tend to return to DIY. Wickes just needs to get more women walking in.

Sales always dry up this time of year, it's not a new phenomenon as folk start thinking about crimbo. Then come January the market gets going again - ask any estate agent.

hics, What are you "afraid" of - your own imagination perhaps? The latest reported "slim" margin was a before tax profit of 12% of sales; many businesses would love to have that kind of margin and "rising interest rates" are great when you have over a billion cash in your balance sheet as does Barrat.

Hi Gwm Yield calcs depend on your particular definition and people vary in their "definitions". Personally I say how much have i received in calendar year to date and in the case of RIO it is £5.75 per share. Divide that by current SP of £51 near enough and you get 11.3%. But others instead use the the company's financial year which I don't rate because the number of people who buy their shares on the start date of the company's year must be very few.

Yes, 5% means you are losing money hand over fist. I find it to be no hassle at all at present with so many shares too cheap and giving yields well in excess of that number.

Don't know where you got 3.6 x 3 from Cul, my last two divs were 3.6 and 8.8.

Don't understand LSE's numbers for this share. The last two divs come to 12.4p which should mean a very acceptable yield of 9.8% says my calculator; a lot more than the 1.6 which currently appears on this page.

...and today we have another example of why I ignore "broker ratings". Clueless bunch of nobodies who get into a panic just because there is a temporary drop in demand for one of Rio's products. Does anyone seriously think that the whole world will permanently stop wanting iron and steel ?

As we all now know stupidity which is a common fault of many so called investors reigned again last week when the SP of this great old company fell to around £2. It happened to a few other well known businesses too. The problem is that fear results in the logic centres of the brain to cease functioning as any psychiatrist well tell you. I have trained myself to ignore fear and thus once again bought some shares cheap last week LOL.

I see the fool Questor who rarely does anyone any good is saying this is a buy. Seeing as the return is only half the current inflation rate and Lidl and Aldi continue to take market share, I think he's lost his marbles.

This will not make much difference because Tesco execs are an idle lot and the correct SP at the moment is about 180.

"Brokers" often get it wrong but the closing SP looks too cheap to me.

Dividends have paid for my increased gas and electricity bills for the next four years.

Many years ago some people thought that the balance of payments was terribly important and had to be maintained at a "level" which cost us dear. Then someone said no it isn't, everyone forgot about it and life carried on. Years ago some people thought that dollar parity was terribly important and had to be maintained at a level which cost us dear. Then someone said no it isn't let it float, everyone forgot about it and life carried on.

Usual rubbish from usual culprits who forget that LGEN has been in business and paying dividends for nearly 200 years. Cash never produces any income or profits.

This is now seriuosly good value for those who think properly. People always have to buy insurance no matter what the economic prospects are. I will be adding more to my holding as soon as I can get the bank to lend me a few K.