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Iron Ore not doing great but the 2 main reasons is due to China locking down partially again! Rio main revenue stream comes from China so that will have a hit and the macroeconomic climate is negative this week as the Fed are driving on with an interest rate increase of 75bps on the 21st which the market sees as a sign of slowing the global economy right down. If payroll is over 300,000 today, I'd expect markets to tumble again! Think Rio will rise on the back of the deal as can't see any issues with it.
Any reason why this has gone down massively today? I kind of half expected the whole market would be down due to yesterday in the US but this has been particular bad. Opinions welcome
When I say 2,781 and 2,600's I meant 4,781 and 4,600- hopefully it wasn't my subconscious preempting things!
I agree- The ex div show have brought it back to 2,781 roughly so nearly falling into 2,600's, If we have a bounce tomorrow I'll be ok but if a repeat of today, then worrying will commence. China is on the brink of a recession I'd say and that is our number one customer!
Bit worrying. Where is the resistance point?
Last week we were nearly 5,000 and now falling back.
Not too sure whether to worry or it will bounce back at some point soon.
Why the sudden fall off the cliff?
Out of curiosity, why would the shareprice go down with 10 mins to the end. Obviously people are selling but why when you need to be on the database by the bell to get the dividend?
Any explanation most welcome
Wonder if we break the 5,000 mark tomorrow!! Nearly happened today but went straight back down again
Dividend per share is £2.22 (just just under) so for your 200 shares it would be in the region of £444
So I have just sent the e-mail also. Can't imagine they will take much heed but unless you ask you won't get!
m1n3r- Probably a silly question but if you say resistance is at 9.5p, why are we yet to see the share price above 9p?
peterthestreet- Exactly the same reaction from myself. You just can't win. When you think it should move upwards, it quite often falls and vice versa today. Although still leaving the Champagne on eye as there will be profit taking especially on Friday and the Fed news tomorrow may bring all parts of the market down but happy for today
Seriously we have broken 9p? That's brilliant. I'm at break even point. Happy days
Be good if this could have a strong finish at 9p. Anyone with L2, let us know if there is increased volume please.
Cheers,
Jon
Hi,
Don't have L2. Can you tell us if it surpasses 9p or when resistance shows?
Thanks,
Jon
Quite new to investing with Rio Tinto so September will be the first dividend payout. Research suggests 170p per share but not sure if this has been decided or just forecasted. Looking at the information for April's, it seems they announced it on April 13th for a April 15th payment date. I could be completely incorrect and missed something so if anyone could enlighten me, it would be much appreciated. Thanks
It's funny how there is such resistance getting past 7.4p even though it seems like there is buying pressure to do so. However, a little bit of downward pressure would see us back at 5.8p in an instance! Hopefully things will change soon
Hi,
I must admit to being a little underwhelmed by the RNS. It almost felt like a cut and paste job from the last one. With 5 days to repayment, it still didn't feel definite almost we hope/intend to pay it by then. Also still no plan and now they made the decision to have future ones quarterly so they don't have to deal with us annoying shareholders anymore than required. Am I being too harsh?
When are we expecting the next bit of earth shattering news from this company?
Seems very little activity within the share and can't see any upward movement for a while.
Cheers,
When are we expecting the next bit of earth shattering news from this company?
Seems very little activity within the share and can't see any upward movement for a while.
Cheers,