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Eps 178, +25%, fcf +8.6%, outlook very positive. Could do with a bump in the divi but otherwise all very rosy.
Underlying sales growth up 8%, turnover up 14%. Another buyback to start soon.
Debt is up, so I question the sense of adding to it with a buyback, and underlying eps up 1% but only because of the £ tanking.
But on the whole it seems to be steady as she goes, which is better than you can expect in these choppy waters.
**The currency exchange rates which apply to Rio Tinto Limited shareholders who elect to receive the final and special dividend in pounds sterling and Rio Tinto plc shareholders who elect to receive the final and special dividend in Australian dollars are the currency exchange rates applicable on 12 April 2022, being five business days prior to the dividend payment date. ** (and over a month after the results). So the currency conversion for the next (interim) divi will be in early September, giving the £ a chance to fall ever further.
Fewer, not less, you illiterate
Not a very well handled demerger. Turning down the Ulvr offer must be up there with Rio's Alcan and the other worst decisions of all time.
All this will pass.
Goodluc th tha. I'm just sitting on the ones I've got, not planning on adding any more. I don't like the debt level and I don't like the Pfizer overhang. The p/e is not that impressive either. Think the Ulvr offer will be seen as a massive missed opportunity, but, as Ulvr is my 3rd largest holding, probably no bad thing for me. Will be thinking about topping up if it dips towards £2 after the lock in ends.
I hold most of my US stocks in an account with Charles Schwab. They seem very efficient to me - sort out my W8-BEN so I only pay the 15% non resident alien tax, rather than 30%, provide an excellent debit card (perfect exchange rate, no ATM fees etc) and very low dealing costs (under $5 a throw, from memory, and free for Drip transactions). Also clear paperwork for IRS deductions which HMRC has never queried when I do my tax return.
RNS in one word: Putin
Aluminium production down more than I expected, copper and iron less. Costs up, but still think a $3 divi (and no special) is possible, and would be highly acceptable. If I had any spare cash I'd probably be putting it into Rio (or Anglo, or TGA).
I see Indivior is now in 150th place in the FTSE ranking. Heading for £5 would probably put us into the 100, meaning trackers etc would have to buy. Never seems to ake as much difference as expected, but the added exposure wouldn't do any harm, and would certainly help the Wall Street listing.
Meanwhile the buybacks have taken us to under 700m shares.
23 different brokers have analysis on Rio. 9 "strong buy", 1 "buy", 10 "neutral" and 3 "strong sell". Hundreds of highly intelligent, highly paid people looking at the same figures and coming up with results 180° apart.
I've held and topped up from the mid 80s, and in the long term done very well, very well indeed, but quite badly sometimes in the short term. 20% down in the last 3 months is pretty pants, even with the lovely divi.
The interim divi will be interesting. Iron ore is generally a bit down on last year, copper and aluminium broadly similar, but energy costs have rocketed so the FOB cost will be probably 20% up on last year, so I doubt we'll get a special and suspect the normal divi will be lower - to pluck a figure from the air, I'll be happy if we get $3 in September.
Yup, things are pretty rubbish. I've held since before foot and mouth, and done very (for me very very) well over the years, fortunately selling most of my holding (briefly up to 0.3% of the company) mostly in 2017-8 (needed the dosh for other things). I've still got a few and am holding them, but not planning to add any time soon - last time I was in the Carlisle store half of it was being pointlessly repurposed and poor Kevin was being kettled at the back so I had to drive round specially just to pick up my lamb milk and tip food. And the accounts people are as irritating as ever with their obtuse billing system and incomprehensible discount policy.
Down from £55. Seems pessimistic but plausible. Meanwhile up about $1.50 in New York during the 2 day London closure, so just as likely to hit £60 again next week or later this month (or year, or decade, or sometime - I don't care, some of mine from the 80s have a book price of under a fiver).
No forgetting that TGA has risen 25p ish on JSE while London has been closed
Added another 10% to my holding, using up last week's divi and a bit of spare cash, taking my average up to almost £10. The very positive trading update had surprisingly little effect on the sp, so let's hope the iterims send us back over £15.
Added another 15% to my holding at £11.03, first top up in 7 years, taking my average up to £4.72.
Good luck with that. I'm holding, as I think the wft is already priced in, but if it's worse than people expect then the price will drop. But if they guarantee that it will be a genuine one off and don't milk us excessively, then ironically I think the price could actually go up to true value, and they'll be able to push the divi back towards 47c rather more quickly than they've dared with the tax threat paralysing normal decision-making.
Agm statement: "2022 has started strongly, with a record performance for orders, revenue and profit for the four months ended 30 April 2022".
Might dip in for a few more when soe divis arrive this week - I've bought a couple of tranches in my ISA since April, taking my average up to nearly £9.
Changing the name to "Videndum" which seems both pointless and fatuous.
So, 36.3p a quarter in March 2020, down to 11p that June, 12.3p last June and, at current $ rate, 20p this June.
I've topped up by 35% since the covid plunge, so will be getting 75% of the total March 2020 divi next month.
And they still want to make me pay a "windfall" tax?
2 days of buyback at about $700000 a day, 185000 shares. At this rate it'll take about 4-5 months to use up our $100m. And take the price up to £5?