Just watching the news and there was a segment about how petrol prices at the bowser have not gone down commensurate with the 60% drop in the price of crude and how retailers (and refiners I think as well) are pocketing increased margin. Maybe we need to have Rio Tinto move into petrol retailing: too invest heavily in setting up a distribution network (CAPEX), undercut all other petrol retailers and (hopefully) take out competitors while earning a substantial(ly thin) profit for shareholders. Heck why not get into banking as well and undercut the Big 4 banks. I know Sam Walsh would be at frothing at the mouth for such an opportunity.
Won't benefit shareholders much but would benefit me and countless other consumers and home owners tremendously.
Just watching the news and there was a segment about how petrol...
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Last
$110.09 |
Change
1.690(1.56%) |
Mkt cap ! $40.86B | |||
| Open | High | Low | Value | Volume |
| $110.42 | $111.63 | $109.38 | $294.4M | 2.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 317 | $110.08 |
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| Price($) | Vol. | No. |
|---|---|---|
| $110.40 | 100 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |