RIO 2.75% $114.31 rio tinto limited

Hi Trade,From what I've read they're expecting some good results...

  1. Zia
    4,156 Posts.
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    Hi Trade,

    From what I've read they're expecting some good results and a good div. The Rights Issue saw a lot of debt retired and even though there are more shares now that together with the fact that no mid year div. was paid might still see a div of around 100cps. Hopefully the results come up to par and we'll see how the SP goes in the runup to the ex-div date.

    Agree with MM too, Greece thing will be a blip on the radar in the weeks to come, as Dubai now is. To put into context Greek economy is a qtr the size of California's but the market is so hyper sensitive atm that any little bit of negativity is reason enough to sell.

    cheers
 
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