RE: SUFC & LTI Share Price20 Nov 2022 00:23
s123
''What do you two think for end of year price and dividend next year? Thinking of jumping now to Rio T''
i would have thought that the dividend was quite predictable. Share price could be 60p + with the market forward looking after a flattish 2022 economy, but I would prefer an attractive price for the duration of the 2023 share investment programme buyback.
I bought into Rio in Jan 2016, then unfortunately sold half in June 2016 at about £21.50 hoping for a fall nearer my original purchase price buy it continued to go up. Sold a few more in July 2019 for about £50, leaving my remaining shares at an average £1.72, so therefore no need to think about them anymore unless they became very cheap again. My personal yield with Rio stands at about 336%.
Commodities are going to have ups and downs in demand, so just need to ride with it. Yield at current price about 10% I believe.
Lloyds are currently able to afford 10% returns to shareholders.