RIO - Rio Tinto

[notting]

He probably classes an Iron Ore price of over $40 as a happy ending for Rio.

Rio have been through this with Aluminium, throughout the down turn in aluminium, Rio focussed on reducing costs and now they have a very good aluminum business operating on good margins, Sure it wasn't a happy ending for the high cost producers, but hey, its a pretty good result for Rio, they are now producing more tonnes than they were, at a significantly cheaper cost per tonne and the higher cost producers have bailed leaving Rio to build market share as the price and demand volume continue to slowly improve.

You make way too much sense to be a trader.
Fortunately your not.
You forgot to add that they are doing a buy back at a great time too. (even though that annoys me because it increases market share of Communist China Inc owned Chinalco.

Another seemingly smart thing RIO did was selling nearly half the huge Simandou iron ore project in Guinea to Chinalco which has become problematic for Chinalco as the 20 billion project is stuck on the drawing board, as port and rail plans are stuck in red tape and while Rio has massively expanded its Australian output, hammering iron ore prices and making it tough to justify funding a new project like this.

According to reluctant bankers Chinalco still desperately wants to get it up and running.
Guess Sam can feel positive about China's urgency on that.

 

[luutzu]

Looks like you divided by 1.4848b to get $67.35

But everything else looks right, should be very close to $56aud which is around rio's last close

oh hey, forgot to reply.

Thanks for that.

 

[notting]

"Comparing Rio Tinto with Saudi Arabia, which is using a similar tactic to push out U.S. competitors, "is an absolute nonsense," Du Plessis said. "We have no desire to squeeze anybody out of the market. We're not flooding the market. We're not trying to be Saudi Arabia at all."

Whilst at the same time came out yesterday with -

The rally in iron ore prices from a record low isn't sustainable, according to Rio Tinto, the second-biggest exporter of the raw material.

Wasn't it Andrew Harding, another RIO Tinto exec, that responded to Andrew Forrests -

“The vandalism of the oversupply strategies which I called out a year ago is being vindicated.”

Mr. Forrest was effectively declaring an end to the rout in IO.

This RIO guy came out immediately and dismissed Andrew's comments as -

“again inventing a narrative”.

Aren't they usually keen to talk the companies up!!

I was long FMG till yesterday where I took profits after it sold off after spiking at the open.
I haven't gone short on it yet. Gonna see what kind of consolidation takes place and what picture China wants to invent today

 

[Wysiwyg]

Wtsiwyg is rolling on the floor laughing at the millions of dollars worth of RIO bought at open price $53.30 and now sitting on an instant loss. Ahh the exuberance. Thank you.

 

[Rockon2]

Interesting , The bigs now in the race...
Rio Tinto plots ‘kryptonite’ solution for lithium boom
http://www.theaustralian.com.au/bus...m/news-story/f6c59ecef8d5f8922cb1d89da166d6ee

Rio’s lithium category-killer set to shock boom’s hopefuls
http://www.theaustralian.com.au/bus...s/news-story/9f7aa77ce22be1192bfb2a1d1374348d

 

[greggles]

It's been a great run for Rio Tinto since January 2016, but it still can't seem to crack $82 and it's having its third shot at it in the last four months.

Is this a triple top and can we expect another reversal?

 

[Miner]

How nice (?) to see such a big stock does not warrant much interest . Last and the only posting of the year was in May 2018. 2017 there was one posting and in 2016 there were two postings only . It is primarily because all information are published and too big company to behave on a volatile path.
Any way, the report published.
Mr JS the great boss of Rio says this is a solid quarter performance. Is that so Mr JS. 2% more than last year and most of the metrics compared to same quarter of 2017 are negative. Well he has to say solid performance to reflect his bonus entitlement, STI and LTI and to cut down few hard working employees and contractors wages with automation next day.

 

[qldfrog]

Had no clue it was that bad.i thought rio should be booming
Yeap not good at all,

 

[Miner]

Had no clue it was that bad.i thought rio should be booming
Yeap not good at all,

No worry as market liked it. Probably they have read first paragraph and did not read the data only to track down by mid day .
One silver lining is that between you and I, have made three postings in 2019 itself to break the drought of 2015, 2016, 2017 and 2018 on Rio Postings

 

[qldfrog]

Yes bhp and rio aare so big in term of impact here in qld yet seldom appears in forum talk.maybe the fact both shares prices on the asx are too high vs O/S market...
No sure
Or the fact tgey will be hammered in the next china crash..but not before a last stimulus from the Chinese government as i see it which will mean a last surge of exports

 

[Miner]

Yes bhp and rio aare so big in term of impact here in qld yet seldom appears in forum talk.maybe the fact both shares prices on the asx are too high vs O/S market...
No sure
Or the fact tgey will be hammered in the next china crash..but not before a last stimulus from the Chinese government as i see it which will mean a last surge of exports

Do you realise if Rio and BHP get hammer ?
Australian economy will collapse. All financial institutions and funding agencies are heavily reliance on those two, Telstra, CBA. If they collapse meaning supporting banks and institutions collapse. That gives domino effect.
Let us not hope that does not happen. Our economy is too small and fragile unfortunately but that is us - WE AUSSIES- leaving manufacturing to others and we became diggers again. Happy with China sucking us and we are happy to give them blood.

 

[qldfrog]

That is my view indeed, so TA or FA will not mean much at that stage..

 

[Cam019]

 

[rederob]

Rio is now 30% above it's December price - not a bad return in 4 months.
It's also only $20 shy of its all time high.
Lots of people chase minnows while rock solid companies like BHP and RIO are delivering in spades.
Moreover, despite Rio's rapid ascent, it is still delivering a >4% dividend plus franking credits.

What is most telling is that the likes of BHP and RIO are the most scrutinised by analysts and money flows in and out at the very highest levels. So this tells us that the smartest people around think commodities are are on winner, despite the Brexit issues and despite the ongoing trade issues between the USA and China.
It suggests that even with considerable market uncertainty the likelihood on the biggest miners outperforming is strong. Further, what is the likelihood of even stronger performances once the global economies are on a more even keel?

 

[Garpal Gumnut]

Rio is now 30% above it's December price - not a bad return in 4 months.
It's also only $20 shy of its all time high.
Lots of people chase minnows while rock solid companies like BHP and RIO are delivering in spades.
Moreover, despite Rio's rapid ascent, it is still delivering a >4% dividend plus franking credits.

What is most telling is that the likes of BHP and RIO are the most scrutinised by analysts and money flows in and out at the very highest levels. So this tells us that the smartest people around think commodities are are on winner, despite the Brexit issues and despite the ongoing trade issues between the USA and China.
It suggests that even with considerable market uncertainty the likelihood on the biggest miners outperforming is strong. Further, what is the likelihood of even stronger performances once the global economies are on a more even keel?

I would guess that once it gobbles up BHP, RIO will be well on it's way to being a $200 share.

A great company.

gg

 

[Garpal Gumnut]

RIO seems to have run out of sellers atm, so I guess the price will increase on small volume.

Or would anyone have another opinion?

A weekly chart over 1 year.

 

[Joules MM1]

https://twitter.com/search?q="Minerals Council"&src=tren

https://www.theguardian.com/busines...is-climate-targets?CMP=Share_AndroidApp_Tweet

RIO poss quit minerals council

 

[Smurf1976]

I would guess that once it gobbles up BHP, RIO will be well on it's way to being a $200 share.

I assume that comment wasn't serious?

A pretty epic takeover if it did happen.

 

[qldfrog]

Will take a while, current mgt of bhp is a great improvement on the last SA bunch so the take over could be delayed but by and large BHP is a dinosaur as opposed to RIO
Unless either change direction radically, a takeover should happen, in the coming decades

 

[MARKETWINNER]

For me it is showing kind of sideway direction and hard to forecast. However, there could be special reason for a long-term investment.