Rio Tinto - RIO - Share Chat

So it’s due to 11% drop in profits as well as higher costs for 2024? But meets the expectations of the analysts.

Guess when China starts working again rio will as well as the company I work for is waiting on China.

Caaaaa moan China you can do it!!!

1 Like

Yesterdays drop might have had more to do with BHPs results slightly, they talked about reduced demand in China, mining in general fell - https://www.reuters.com/markets/commodities/chinas-shift-steady-commodity-demand-echoes-bhp-results-russell-2024-02-20/

RIO just posted those results this morning, so that’s news to affect the share price further

1 Like

Surely tho if it was announced way before which they did I think already I seen them say they weren’t going to make as much this year and this goes for many companies tbh. Burberry etc repliy on China as well majorly.

For rio it always seems to be some law suit/China but I have a decent amount in them and I feel their a good company overall but it can be quite bumpy at times or cynical as they put it.

Might not be the only cause of the drop/s, the market as a whole is going to be well informed, more so than us mere mortals :slightly_smiling_face:

Plus I don’t follow this stock too closely

1 Like

Anytime I see big drops it’s Usally ore prices, China, a claim, or drop in divs or profits even though it’s obv on why but I know some prefer to sell buy something else then once rio recovers jump back in.

2 Likes

Hello all. I never thought I’d get the chance to buy back into Rio Tinto but I just can’t resist at these prices.

It will recover again it always does :wink:

3 Likes

Looks like I was right shame I could only buy 3! :slight_smile:

1 Like

I bought 9 then it dropped to 6% whatever it was sods law always haha then I had no cash to buy on the lows :smiley: I

Ha oh dear well I’ve had so many losers I deserved a win eventually :).

1 Like

Looks like we are back over 50 again happy days. Why is it always your smaller holdings that are winning ey?

2 Likes

Div day baby :slight_smile:

I think it is tomorrow Diageo is today along with CRH and Ithaca energy:

1 Like

Ahh I says on FT today unless the dates wrong I mean yesterday the 18th forgot I’m on Nightshift haha

You’re right for some reason I got mixed up because of Nightshift lol l thanks

@Kiava you’re technically right. Today is ex-dividend day, the first day that YOU DON’T qualify. That really makes yesterday as dividend day in reality.

Nope I posted the dividend payment date It went ex on the 7th of March.

1 Like

On 18 April 2024, we will pay the 2023 final ordinary dividend to holders of ordinary shares and holders of ADRs on the register at the close of business on 8 March 2024 (record date). The ex-dividend date is 7 March 2024.

2 Likes

Potentially there’ll be a delay in payout since the divi is now denominated in USD.

Dividend received. Nice and quick :clap::clap::clap:

1 Like

Same here and Diageo was on time yesterday too :clap:t2:

1 Like