What happens if I buy additional shares in RIO on Monday, 22nd June, as I am an existing RIO Shares holder and have already received the first Rights issue?
As long as I buy before close on Monday 22nd June will I be entitled to additional rights shares for this particular purchase?
Many thanks for help with this interesting situation.
Paul
The answer's an emphatic "NO"!
The shares have long gone ex rights. If you want more you have to buy the rights ( and pay another $29.29 to the company ) but the ex rights shares are selling for about that total price anyway.
The answer's an emphatic "NO"!
Has anyone in Perth got their RIO paperwork yet?.. I would have thought being posted on the 16th it should have been here by now..
This thread has been a bit quiet for the last few days. What's going on guys?
I logged into Etrade this morning and I have 12 RIOR sitting in my portfolio with cost basis of 0.00
I still haven't received the letter in the mail and when I checked a few days ago I couldn't get the online version either. I assume I'll get the letter after the second mailout on the 26th.
I've had a pretty big paper loss on this so far since I purchased 24 RIO for 77.86 on 12 June. It's been pretty confusing trying to work out where I stand but as far as I can tell, I'd be about $450 down if I sold all my shares and rights today.
On the other hand if I take up my rights and purchase the 12 shares for 28.29 my average cost would be 61.33 per share (36 shares for a total cost of $2208)
It'll be interesting to see how long before RIO reaches my break even point. Does anyone else have an opinion on this?
Any opinions on how long it might take the RIO SP to reach your breakeven point of $61.33 would be pure guesses.
For what it's worth, I reckon that RIO at today's levels will prove to be a good investment now that the debt problem appears to be under control. Probably not as good as BHP but that's just IMO.
To be honest I wasn't really asking anything in particular. I just wanted to share my thoughts and see if anyone is still paying attention.
I also feel that RIO is a decent long term investment at these levels, although that wasn't my intention when I bought. Normally I have a system that I follow for holding or cutting losses. However, this situation doesn't seem to fit my normal strategy and I can't make up my mind yet.
Hi... I am following the right issue of RIO... will it affect somebody who does not have any share with RIO before, to buy one now? the share that I am talking about is not RIOR, but it is RIO... because I found the price is quite low currently and there is huge chance it will increase in the future...
I just wanted to share my thoughts and see if anyone is still paying attention.
OKI'm new to the stock market and don't understand a whole lot
OKAll been said the stock should rise to around 3.87% today. BHP should go to 3.05% it will fluctuate between there today.
HUH?I am trying to average so I actually own these shares and it cost me nothing
How do you work this out? Very interesting.Surely you are basing this on overseas prices. Would be easy enough to say that. Or?No its my mathematical equations that I have set for myself. Rio closed yesterday at $49.60 it should trade today at around $50.90 to $51.18
As I have said I don't know a lot but this is what I have been doing and it has worked for me.
RIO owes you $20.11 per share.I watch the world markets and then do the averaging from there anywhere the stock trades. I have bought and sold rio many times and have actually made$17,780 out of the stock so far so if I really look at the figures RIO now ows me $20.11 per share I hope to own the stock for free by the end of the year
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