I would hold rio because if rios board continue to recject bhp offer then the share price will fall and there will be such a backlash. They might even approach bhp to take them over or it will take 3 to 5years for RIO to make the $130 mark if they are able to achieve their plan.
It depends if you will wait it out with the chance that you might be waiting a long time to see there prices again.
pe ratio to reduce share price 50 percent, page-11
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Last
$113.99 |
Change
-1.950(1.68%) |
Mkt cap ! $42.31B | |||
| Open | High | Low | Value | Volume |
| $113.88 | $114.63 | $113.30 | $262.1M | 2.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3007 | $113.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $114.11 | 19 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |