main question is how long will iron ore consistently exceed the analysts consensus. that determines the SP of Rio(apart from usual overseas market volatility like friday).
If it consistently exceeds, the sp should keep steady at minimum, and head north
If it matches the analyst expectations, the SP will tank, as the iron ore from analysts is a lot lower giving long run EPS figures or around $7-8 AUD, p/e of 12-13 gives it around $100 SP.
So far iron ore is gradually increasing, its not played as much as the general share market as its based from china's traders.
Dividends just revolve around that, market is mainly focussing on the above not the dividend, as it doesnt believe it can be maintained forever.
any rough ideas about what the dividend will be, page-22
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$119.83 |
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