Just received a note from II saying - HSBC RAISES RIO TINTO PRICE TARGET TO 4675 (4650) PENCE - 'HOLD'"
So does anyone have any idea why they are down 7.4% (330.5p) to 4146.5 today?
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RIO price fall
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Tight HYP discussions only please - OT please discuss in strategies
Tight HYP discussions only please - OT please discuss in strategies
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- Lemon Slice
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- Lemon Quarter
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Re: RIO price fall
They've just gone ex-div today, and as Gengulphis mentioned on the results thread IIRC, we should expect a larger sp drop because of that chunky special dividend that was also announced.
Edit: see viewtopic.php?p=204177#p204177
Edit: see viewtopic.php?p=204177#p204177
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- 2 Lemon pips
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Re: RIO price fall
First thing to look at on a price fall, is today a Thursday. ….etc
Sorry Moorfield, you beat me to it. I type really slowly these days.
Sorry Moorfield, you beat me to it. I type really slowly these days.
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- Lemon Slice
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Re: RIO price fall
moorfield wrote:They've just gone ex-div today, and as Gengulphis mentioned on the results thread IIRC, we should expect a larger sp drop because of that chunky special dividend that was also announced.
Edit: see viewtopic.php?p=204177#p204177
Got it, many thanks
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