Ah, franking credits. I suspect that could well be the reason for the discrepancy. Hamersley Iron should be generating hundreds of millions in taxes within years so it's definitely worth quite a bit to the LTD shares. Knew I missed something.
For any holders of RIO shares, this issue of BRW might be worth picking up. Cover story is on RIO. There's quite a bit about the future of RIO, and how it's undergoing a huge transformation. One interesting part is how they're considering setting up a land development division, since they own massive blocks of property that apparently could generate around US$8 billion in revenue, something which the market hasnt' priced in yet. All up - tone of the article is quite bullish. Very worthwhile read.
dont buy rio ltd buy rio plc, page-3
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Last
$120.42 |
Change
0.800(0.67%) |
Mkt cap ! $44.71B | |||
| Open | High | Low | Value | Volume |
| $120.07 | $120.83 | $119.79 | $34.27M | 284.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 233 | $120.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.42 | 12 | 4 |
View Market Depth
| Last trade - 11.48am 12/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |