non-cash writeoff are charged against the 2012 full yr earnings which means less tax!!
If alcan and mozambique coal things are bad trades, the board has decided to cut the losses which is always a good thing - clean slate. We all should know that!
I believe that was reflected in RIO NY and London prices last night.
Albanese had it coming and I am really happy for RIO's future earnings. The best part is the black swan event for Feb 14 is now exposed. If Iron ore prices sustain 140 level, RIO is on the road to high 60 again.
but wait till the dust settles.
non-cash writeoff are charged against the 2012 full yr earnings...
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Last
$119.62 |
Change
0.250(0.21%) |
Mkt cap ! $44.40B | |||
| Open | High | Low | Value | Volume |
| $120.37 | $120.90 | $119.16 | $164.1M | 1.362M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $119.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.86 | 100 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |