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
$113.74 |
Change
-0.690(0.60%) |
Mkt cap ! $42.29B | |||
| Open | High | Low | Value | Volume |
| $114.38 | $114.42 | $113.70 | $22.77M | 198.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 39 | $113.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.74 | 166 | 9 |
View Market Depth
| Last trade - 11.20am 25/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |