From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Rio Tinto: good relative and absolute value at 3,370p a share

By Robert Sutherland Smith | Sunday 5 January 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Although I am probably joining a bit of small crowd in suggesting that Rio Tinto (RIO), or RTZ as old buffers like me still call it, is an addition to share buying lists, I can at least claim that I made it a buy at 2,780p last June and - rather less heroically - a hold at 3,010p last August after the interims. However, I can offer my reasons for doing so.



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 18:09:24