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RIO price fall

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EssDeeAitch
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RIO price fall

#206155

Postby EssDeeAitch » March 7th, 2019, 10:01 am

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?

moorfield
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Re: RIO price fall

#206156

Postby moorfield » March 7th, 2019, 10:04 am

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

OZYU
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Re: RIO price fall

#206157

Postby OZYU » March 7th, 2019, 10:05 am

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.

EssDeeAitch
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Re: RIO price fall

#206165

Postby EssDeeAitch » March 7th, 2019, 10:21 am

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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