Rio Tinto - RIO - Share Chat

Rio Tinto share price to end February well below where it started the month.
I might buy a few more :thinking:

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Received the dividend in the ISA today. With the decrease in it, I’d almost forgotten about it. Not enough to buy a share so will probably look elsewhere to reinvest for the time being.

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Hello all any reason for the sudden drop today?
It’s given me the chance to buy in cheaply so can’t complain.

Is the drop from the China tensions?

I sware anytime I buy this stock it’s dropping bought when I said -8% for me then it went to neg 10 so bought more 3 more this month which was over my Allowence and now it’s neg 12+ percent argh and I have no cash to buy.

Would of been better drip feeding 1 share st a time each week maybe.

I know the big drop was dividents but after that it had test even remotely recovererd.

I know it’s the lowest I’ve seen in a long time. It should recover in the medium term hopefully it’s just a blip.
Either way keep calm and average down I think as long as your average is under 50 you should be fine

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My average is £54 been buying since covid :frowning:

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:(. If it makes you feel better I sold at 53 just before it went up to 60 and then bought back in at 55 just before it dropped to under 50.

At least we still have the dividend

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Hang in there, I’m at an average of just under £48 but at least the dividend is still healthy. As its a cyclical business we will see these extremes of highs and lows, but should see growth if you hold for the long term.

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Sweet thanks for the repliys. I do try keep up to date with rio I’m always a little iffy with what I should do with it just because mines don’t last for ever. Then we have the wars and potential wars but this stock if my biggest holding currently so it’s just a bit scary for me watching it, but hopefully we see everything return to some what normal figures one day.

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Looks like it’s going back up again.
I’ll keep a lookout and top up every time it goes under 50.

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Just under 52 a share now. Gutted I missed out on topping up at sub 50.
I used to Own a lot more and would like to build up my portfolio again at least to the point where the dividend is enough to cover 1 new share.

Other than that fellow Freetraders it’s nice to finally see some green for a change :slight_smile:

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Are we feeling a double whammy of ex divident, market correction, slow China?

There has also been some negative press in relation to allegations of bullying, which combined with the points you highlight and a general market downturn will have had an impact on SP.

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Yeah I seen the bullying stuff a while ago unless this is more bullying. They seem to be having constant issues with work place problems as of late.

I know this stocks cynical as well but it’s my biggest holding so far.

Hello all. Apparently J P Morgan has lifted the target price of this share 60. I’m currently sat on a modest profit atm, hopefully it will hit about 55 and I will sell

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See what’s so annoying I had a bigger stake in this but it’s sat like stagbebt waiting on China etc and other stuff and when I sold all my gia and got the funds moved to my isa I bought a smaller stake and tried to spread it out to more etfs etc then what happens day 2 I’d the isa it shoots up after me sitting so long lol.

Its sods law investing at times you just have to laugh it off hahaha agha see like that :smiley:

It is always the way but don’t forget it can quite as easily drop again :slightly_smiling_face: I’ve got a higher percentage in ETF`s which is a safer long term strategy in my opinion.

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Yeah it can :slight_smile: I always talk in hindsight lol. Yes my biggest holding is all world now then rio then snp500 but I want snp500 above it and maybe keep it third not sure if I should bump the uk100 up to 3rd it’s a hard one as everyone always says the UK has no growth but we shall see.

For me I have S&P 500 in my pensions but I tend to stick to FTSE for my ISA. The biggest benefit of UK shares is the dividends but you may not get the growth you would get elsewhere.

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Morning Freetraders. I had a mare selling these shares this morning it kept rejecting my trades. Manages to sell half my holding at 52.89.
Hopefully I caught it before the prices drop again, failing that I’ve kept hold of the shares I bought at 46.
Everything seems to have dropped this
Morning, I’m guessing the markets factoring an interest rate hike on Thursday

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