RIO - Rio Tinto

[Kuri]

I think it almost serves stuck-up RIO holders right. If they hadn't of keep telling BHP that their offers were "undervaluing" the company, they wouldn't be in this situation.

In defense of Rio Tinto holders we never got a chance to vote on the take over offer. The board of Rio rejected the offer but I can say for myself I was checking daily to see if the take over offer was going to go through so I could pick up my 3.4 BHP shares.

Now I will never get that chance.

 

[Naked shorts]

In defense of Rio Tinto holders we never got a chance to vote on the take over offer. The board of Rio rejected the offer but I can say for myself I was checking daily to see if the take over offer was going to go through so I could pick up my 3.4 BHP shares.

Now I will never get that chance.

You are correct, as i just learnt a couple of minutes ago that the shareholders didn't even get a chance to vote. Just make sure you throw rotten tomatos at the board next annual meeting

That's if you still want to hold those debt ridden shares....

 

[Miner]

Gees
what is wrong with RIO and how far it can go really ?

RIO dipped at 35.8 or so and then moved up. Market slumped with a jerk start.

Commsec site appears to be crashing. Put an Internet order for RIO and still it is hanging and the price gone up to $36.35 and still my buy order is on the screen

 

[drsmith]

Did you pull that buy order or did you leave it there ?

I traded RIO in October when it was in the $80's but havent been game since.

 

[GundamZeta]

Gees
what is wrong with RIO and how far it can go really ?

RIO dipped at 35.8 or so and then moved up. Market slumped with a jerk start.

Commsec site appears to be crashing. Put an Internet order for RIO and still it is hanging and the price gone up to $36.35 and still my buy order is on the screen

i also wondering what happen to RIO while the market is rise and it drop over 8% today...

at the price $44 last week, i was thinking if it drop to $35 i may buy it to dilute my other $66 RIO shares.. but since now it drop so quick to reach $35.. i start thinking is RIO still a good buy now...

 

[Miner]

i also wondering what happen to RIO while the market is rise and it drop over 8% today...

at the price $44 last week, i was thinking if it drop to $35 i may buy it to dilute my other $66 RIO shares.. but since now it drop so quick to reach $35.. i start thinking is RIO still a good buy now...

Good perplexity is n't it ? I got the same feeling but I still hoping to buy RIO at the current price today but very nervous. Its up and down now more like FMG share behaviour. Commsec is ridiculously slow internet and phone system.

The market behaves erratic than our imagination and we often get caught.

Phone order people just missing when you are waiting for so long.

I get to suspicious of this internet broker - they are coming of no use when really you want to act quick. May be they themselves are busy in placing orders for themselves with large buying power.

 

[Kuri]

You are correct, as i just learnt a couple of minutes ago that the shareholders didn't even get a chance to vote. Just make sure you throw rotten tomatos at the board next annual meeting

That's if you still want to hold those debt ridden shares....

I decided to cut my losses at got out at $44 the day after the deal fell through. Due to its high debt and lower margins I thought it would get dragged down further and it has. I will look at putting the money not back into a cheaper Rio but into BHO after it drops back down to $20 (fingers crossed).

 

[drsmith]

I'm wondering how long it will be before the share price of BHP is higher than the share price of RIO.

 

[Boggo]

I'm wondering how long it will be before the share price of BHP is higher than the share price of RIO.

Well if BHP can stay above $25 then probably early next week !!

RIO could be heading for the $25 area, just my

 

[CoffeeKing]

I'm wondering how long it will be before the share price of BHP is higher than the share price of RIO.

How will the market react to that, how long since that type of event has happened, some of the guys I work with are ex rio and keep in contact with mates over there, mates reckon the stock piles are getting quite big at the ports, slow or no sales maybe!

 

[GundamZeta]

How will the market react to that, how long since that type of event has happened, some of the guys I work with are ex rio and keep in contact with mates over there, mates reckon the stock piles are getting quite big at the ports, slow or no sales maybe!

everyone is jumping boat....drop to $33.xx... i lost 50% on it already...when will it jump back........................

 

[SoBadAtTrading]

everyone is jumping boat....drop to $33.xx... i lost 50% on it already...when will it jump back........................

Rumours of a 3 for 1 rights issue could be pushing it down i think. At this stage, the next support level is $30.

 

[noirua]

Citigroup has upgraded Rio Tinto, the third largest mining group, to buy from hold. Citigroup's target price equates to AU$61 a share (allow for this being the London arm of Rio which is a slightly different setup.)
Citing from the London Evening Standard 3rd Dec 2008, under the Business "PORTFOLIO" heading.

 

[my03]

gees, rio is getting hammered! are these bargins shares at its current price or should they be avoided like a plague? will there ever gain any ground again?

 

[YELNATS]

At today's prices RIO looks very good value if you're looking at a 2-3 years hold or longer.

I think many investors would look at this company this way, but most are keeping to the sidelines until they see any evidence that they have bottomed, or are close to it.

Based on current trends RIO may be as low as $25 and well under BHP's price before Christmas.

BHP currently seems the better investment, certainly over the short to medium term.

Not trying to downramp RIO (I hold both RIO & BHP), just my observation, FWIW.

 

[mobcat]

Re: RIO,s 42 Billion of debt and what comes next ?????

I am so lucky to of had a stop loss on a huge parcel of RIO at $120 that i had held for just on five years but i still held the original $50k worth when i sold (silly me ) but i have moved on after five years and sold the lot at $35 after getting a whisper about whats about in the press ATM this is so sad to see but in the days of when debt was good looks like RIO is about to really get the message of what debt really costs

Dec. 4 (Bloomberg) -- Rio Tinto Group, the world’s third- largest mining company, slumped to the lowest price in more than four years in Sydney trading on concern it may have difficulty refinancing debt due next year.

Rio Tinto, traded in Sydney and London, fell 12 percent to A$32.50 at the 4:10 p.m. Sydney time close on the Australian stock exchange. That’s its lowest level since May 17, 2004. It plunged 10 percent in London yesterday.

BHP Billiton Ltd. scrapped its bid for Rio Tinto on Nov. 25, citing turmoil in global markets, slumping demand for commodities and Rio’s $42.1 billion of debt. Rio’s debt levels prompted Moody’s Investors Service to review its rating on $5 billion of Rio’s debt on Nov. 26.

“All the focus seems to be about the bullet payment of $9 billion due next year,” said Tim Schroeder, who helps manage A$1.6 billion at Pengana in Melbourne, including both BHP and Rio. “It’s not a disaster but it is a lot more precarious than it was six months ago. I’m sure Rio are working feverishly at addressing that debt at this point.”

Rio’s Chairman Paul Skinner said Nov. 26 he was confident the debt position was manageable. The company still has undrawn credit facilities, he said.

“We don’t comment on movements in the market,” Amanda Buckley, a spokeswoman for London-based Rio, said by phone from Melbourne today. She wouldn’t comment on Rio’s debt situation.

To contact the reporter on this story: Rebecca Keenan in Melbourne at rkeenan5@bloomberg.net

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.qY1C_p43j0

 

[Miner]

I looked back RIO thread and the postings made only less than couple of weeks by Kennas on 24 / 25 Nov and Garpal on 26 Nov and few others.

IMO both these guys proved they are real smarts (I am not so rejoice their legacy).

When Garpal posted his chart he did mention about RIO going down and unforunately that is happening.

Smart Kennas sold RIO at $43.5 so that he did not go late for dinner. What a prediction guys you have earned lovely dinner any way considering RIO is constantly tanking down without a stop sign (who checks RIO's driving license).

I hope in ASF we are allowed to appreciate the fellow participants for their good job to keep the spirit up in a sinking market

 

[Boggo]

Well if BHP can stay above $25 then probably early next week !!

RIO could be heading for the $25 area, just my

RIO is now below BHP in London !!
I thought it would happen eventually, just did'nt expect it this week.

Will be interesting on the ASX tomorrow.

 

[noirua]

The Rio Tinto in the UK is different to the UK version and often pays a different dividend and rarely comes into line on price.
Mining sector weak in UK, opportunity to buy, maybe, this morning on ASX at depressed price.

 

[Garpal Gumnut]

I looked back RIO thread and the postings made only less than couple of weeks by Kennas on 24 / 25 Nov and Garpal on 26 Nov and few others.

IMO both these guys proved they are real smarts (I am not so rejoice their legacy).

When Garpal posted his chart he did mention about RIO going down and unforunately that is happening.

Smart Kennas sold RIO at $43.5 so that he did not go late for dinner. What a prediction guys you have earned lovely dinner any way considering RIO is constantly tanking down without a stop sign (who checks RIO's driving license).

I hope in ASF we are allowed to appreciate the fellow participants for their good job to keep the spirit up in a sinking market

I'm down big time on RIO and hurting.



Advice to gg (self)

always follow your own advice gg

repeat that 100 times in front of a mirror gg

always have a stop gg

don't fall in love with a stock gg.

cut your losses , let your winners run gg

gg