RIO will fall tomorrow.
Net earnings of $2,813m compares to the market expectation of $3,064m (see Fin Rev p14 31/1/05).
This compares to earnings of $1,508m in 03, and 04 represents an increase on this of 87%. Dividend is up 20%.
That does not compute.
A two year buy back of $1.5bn will not save them tomorrow.
A fall back is expected from this result but do not despair...the big gains from coal and iron ore are yet to be realised.
Position yourselves when the opportunity presents.
not as good as expected
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Last
$115.94 |
Change
-0.520(0.45%) |
Mkt cap ! $43.03B | |||
| Open | High | Low | Value | Volume |
| $116.05 | $116.64 | $115.55 | $174.6M | 1.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1220 | $115.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.02 | 351 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |