The current downturn in iron ore prices spells revenue and margin pressure for RIO
Amelia Bott
StocksInValue
The current downturn in iron ore prices spells revenue and margin pressure for RIO. Rio Tinto's production base is diversified across multiple commodities, but its earnings are concentrated in iron ore. With 87% of FY13 earnings from the ore, Rio is nearly a single-commodity play. Profitability is poor due to dilutive equity raisings caused by the disastrous Alcan acquisition. Read David Walker at StocksinValue's full article (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
2 topics
Amelia Bott
Equities Analyst
StocksInValue
Expertise
No areas of expertise
Amelia Bott
Equities Analyst
StocksInValue
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The critical mineral no one's watching (and our #1 ASX small cap pick)
Seneca Financial Solutions
Equities
Buy Hold Sell: 5 ASX disruptors taking on the giants
Livewire Markets
Equities
Income investing in the world's best companies
Livewire Markets