I cannot understand why Rio is trading at a discount to its peers of over 16% - Anglo, BHP and others are straking ahead and rio's share price is standing still - and thats after on and off market buy backs that have reduced the register buy the sp has remained flat.
Conversley, when BHP completed its buy back it shot up 12% - not RIO.
RIO has heaps of cash and low debt - it resisted paying overmarket for WMC - although i was dissapointed that the market has not seen fit to reward rio for sticking to its guns - but has rewarded BHP for buying at the mid point in the super cycle of commidities prices.
I thing the $55 is achievable - but i would like to see some further capital returns from RIO to increase its debt.
singas
smith barney target $55
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Last
$119.00 |
Change
-2.540(2.09%) |
Mkt cap ! $44.17B | |||
| Open | High | Low | Value | Volume |
| $120.56 | $120.69 | $119.00 | $216.2M | 1.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130 | $118.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.13 | 1255 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |