RIO 0.28% $93.24 rio tinto limited


  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.


    *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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Mkt cap ! $34.51B
Open High Low Value Volume
$92.40 $93.43 $91.95 $57.77M 625.0K

Buyers (Bids)

No. Vol. Price($)
11 450 $93.23

Sellers (Offers)

Price($) Vol. No.
$93.24 349 13
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Last trade - 14.46pm 12/11/2019 (20 minute delay) ?
0.260 ( 0.54 %)
Open High Low Volume
$92.31 $93.43 $91.97 94587
Last updated 15.07pm 12/11/2019 (live) ?
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