RIO 1.42% $112.81 rio tinto limited

A good buy at these levels.Following recent political...

  1. 401 Posts.
    A good buy at these levels.

    Following recent political developments in South Africa where it is proposed black empowerment groups will be able to buy in to 25% of each project in the country I am very wary of the implications to BHP.

    I would look at RIO or WPL.

    Reasons:

    *Political risk in South Africa is a strong negative for BHP.
    *RIO Tinto has historically outperformed BHP in terms of creating shareholder wealth.
    *Rio Tinto has historically outperformed BHP in terms of peak cycle valuations.
    *Superior dividend yield from both RIO Tinto (3.7%) and Woodside Petroleum (5.1%) over BHP (2.8%).

    RIO and WPL have a very similar asset mix to BHP without the inherint risk that is now associated with it.


 
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Last
$112.81
Change
-1.620(1.42%)
Mkt cap ! $41.87B
Open High Low Value Volume
$114.38 $114.42 $112.81 $158.9M 1.401M

Buyers (Bids)

No. Vol. Price($)
2 2408 $112.81
 

Sellers (Offers)

Price($) Vol. No.
$112.85 6700 1
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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