Well a drop in RIO was expected when the takeover got canned - when BHP announced the plan, BHP went down, RIO went up.
Must admit - 40% is pretty extreme but in a jittery market that's what happens I guess.
What was RIOs price before BHP's offer? Around $100?
So using some simple maths:
- BHP recently hit 2/5 of it's peak ($20/$50)
- RIO therefore is due to hit 2/5 of it's peak prior to the offer ... e.g. $40 (2/5 of $100).
rio down 40% in london, page-94
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$112.43 |
Change
-2.990(2.59%) |
Mkt cap ! $41.73B | |||
| Open | High | Low | Value | Volume |
| $115.93 | $116.04 | $112.13 | $184.0M | 1.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3122 | $112.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $112.44 | 2200 | 1 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |