Member Info for TexasPete

The company is due to publish its full-year results on February 13th. Rio Tinto´s net present value (NPV)-based target offers near 30% potential upside, while its single digit earnings multiples are currently over-compensating for the expected fall in the price of iron ore, Gurry said. The firm´s shares were trading at nine times earnings per share (EPS) and five times earnings before interest taxes, depreciation and amortisation (EBITDA).

Rio Tinto´s drive to significantly lower its levels of capital expenditure will yield strong positive free cash flows (FCF). That means there is 'up-side' to consensus expectations for an eight per cent dividend increase (Credit Suisse: 15%) and holds out the prospect of a steadily growing and 'dependable' dividend pay-out, thanks to the outfit's now leaner balance sheet, analyst J.Gurry at Credit Suisse said on Monday.

They pay 1.9 billion pounds Foster Wheeler and weren't prepared to up their 650m pound bid for Kentz, funny, but they sure did under value Kentz

Amazing what a bit of extra finance does :) Great move by the company, GLA

Great bit of press, fortunately I got in before this, but still great value here (f/c pe of 6.6) and with the skies getting busier I'm glad to be invested in a share in this sector

by the market here, and on the face of it, this acquisition seems to be a great deal. Very happy long term holder here.

... about time I got to post that for a share of mine, Arip is out sold for £3.77, interesting month ahead. GLA

Mikhail Gutseriev, owner of Russian oil company Russneft, thats who. I guess this is one of the bidders, 275p at least then, see rns

hmmm, I see Worldview have got rid of all their shares, I wonder who bought them?

I've been waiting for 3400, it rose to 3360ish within the last week so would like to think we will see that again, if so I might sell

nice broker upgrade too :)

Could be investors waking up to the great value on offer here!

Andrea, not sure what you mean, according to digital look, dividend yield for esure is over 6% vs. Aviva's 3.8%???

Someone posted this link on ADVFN, seems to infer several companies are interested in EXI, although it does say Lukoil bought up what they perceived as the last interesting oil asset in Russia earlier this year, so could they be interested in EXI? http://www.kommersant.ru/doc/2321442 .... you'll need google chrome to translate!

Patience is the key here, value will be reflected in the sp at some point and MMs will mess around in meantime

Anyone managed to buy these in an ISA? my HSBC account won't let me

Good fundamentals here, also if the company i work for is similar to others, now the worst of the economic crisis is hopefully behind us, firms will now start to reinvest in such things as IT and systems, just my opinion

Nomura has reiterated its 'buy' rating and 3,700p target for diversified mining group Rio Tinto, saying that the company may be able to find the happy balance between growth and returns. The broker said that Rio remains one of the cheapest stocks within its peer group, trading at just nine times 2014 earnings. It reckons the earliest shareholders will likely see a buy-back will be around the time of the 2014 results in February 2015. This should be around $3-4bn in magnitude.

Think the rise is to do with the 3.7m share trade at close of play, down as a sell but could it be a buy ahead of an announcement on monday????

EXILLON ENERGY PLC ("Exillon" or "the Company") Extension to deadline of Possible Offer This is not an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code") and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made. On 30 July 2013, the Company announced that following an approach by Mr Maksat Arip, in accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), Mr Arip must, by not later than 5.00 p.m. on 27 August 2013, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that there is no intention to make an offer for the Company, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. The Company also announced that it could approach the Panel for a further extension to this deadline in due course in accordance with Rule 2.6(c) of the Code. Following such a request from the Board of Exillon, the Panel has consented to an extension of the deadline to 5.00 p.m. on 24 September 2013 by which time Mr Arip must either announce a firm intention to make an offer for the Company or announce that he does not intend to make an offer for the Company. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. There can be no certainty that an offer will be made for the Company, nor as to the terms on which any offer may be made.