Ebene News – AU – Rio Tinto draws special dividend of 93 ¢ US

Rio Tinto blew analysts’ forecasts with the biggest dividend in history after extraordinarily high iron ore prices pushed the miner to its biggest profit in nine years

The $ US557 of total dividends in 2020 came as Rio reported $ 12.4 billion in underlying profits for the year as at December 31

Analysts assessed by VUMA expected Rio to pay total dividends for the year of $ US80 per share on the back of $ US1174 billion in underlying earnings The payout was worth $ 9 billion dollars

Rio’s new CEO Jakob Stausholm presented Wednesday’s annual results in Perth after visiting the company’s iron ore in recent days to meet with traditional owners

The company is committed to rebuilding trust with the traditional owners following last year’s Juukan Gorge scandal, which saw valuable cultural heritage destroyed by the expansion of the iron ore mine Rio Brockman 4

A shareholder revolt over executive sanctions determined by Rio’s board of directors ultimately led to the resignation of CEO Jean-Sébastien Jacques and two other senior executives in September

M Stausholm was appointed managing director shortly before Christmas and arrived in Perth in late January to serve two weeks of hotel quarantine before being allowed to travel to the state that generated the vast majority of Rio’s income for more than more than ‘a decade

Just as BHP offset weaker-than-expected dividends last year with a much larger-than-expected payout on Tuesday, Rio’s exceptional dividend appears to be offsetting its cautious approach to shareholder returns in the early months of the year. Coronavirus pandemic

Wednesday’s dividend topped the highest in Rio’s history in 2018 when Rio returned proceeds from asset sales to shareholders in addition to its ordinary dividend

Scott Morrison has come under pressure over the alleged rape of a former Liberal staff member; Ash Barty out of the Australian Open; Victoria’s five-day lockdown to lift tonight; States to start immunizing health workers next week Follow updates here

Wesfarmers to open lithium mine in Washington state as more countries phase out gasoline vehicles and urge drivers to buy electric cars

Owner of Vicinity shopping center reactivated distributions as rent collection improves across portfolio

Police in Western Australia have Crown Resorts on their radar after seizing around $ 50 million in cash over six months from carriers they say respond to international drug syndicates

Shares of Rio Tinto, which is due to release results this afternoon, jumped 36 percent to $ 127.47 BHP shares closed 34 percent higher at $ 48.60

Lynas shares jumped sharply after reports China was considering imposing restrictions on exports of rare earth products Lynas shares jumped 134 percent to $ 6.11

Westpac shares closed 46% higher, rising to $ 23.54 after bank said first quarter cash profit of $ 2 billion Coles stock fell 54 percent to $ 17.20 on release first half results

Shares of EML Payments climbed 164 percent to $ 4.90 and Domino’s Pizza added 76 percent to close at $ 105

Beginning of New Commodities Supercycle Could See Dividend Records Dip as Major Diversified Miners Make the Most of Soaring Commodity Prices On its own, BHP could generate $ 59 billion ( $ 76 billion) in dividends by the end of 2023-24 based on forecasts from broker UBS

A rebound in global growth and a number of infrastructure-focused fiscal stimulus packages will keep commodity demand strong, as the rest of the world draws inspiration from China to boost commodity-dependent investment basic

The risk of rising inflation and a weakening US dollar will be equally favorable In an inflationary environment, producers of resources are manufacturers of prices

But unlike the previous supercycle, the sector starts from a place of underinvestment As Glencore boss Ivan Glasenberg said on Tuesday: “The difference this time compared to 2002 [is] that we are not ready for it And while they weren’t ready for it in 2002, the plans were thereâ ????

Stock volumes in Hong Kong have climbed to four times that of the main London stock exchange, as large technology and healthcare stocks have attracted a growing appetite from foreign investors for “Asia’s Nasdaq” ?

Trading volumes in Hong Kong have also reached nearly 60% of the New York Stock Exchange, as investors, mostly Chinese, have invested around US $ 50 billion in stocks listed at the Asian financial center this year.

The average daily turnover of the former British colony’s stock exchange in the 30 days leading up to February 16 has risen to around $ 25 billion, according to Financial Times calculations based on Bloomberg data, against around $ 10 billion in the same period a year ago

That’s more than quadruple the average daily turnover on the London Stock Exchange in the same period Earlier this month, London lost its crown of the world’s largest stock exchange ‘Europe to benefit Amsterdam NYSE average daily turnover was $ 44 billion

Hong Kong this month hosted the Chinese viral video app and TikTok competitor Kuaishou’s $ 5 billion listing bumper this month, the world’s largest tech initial public offering from Uber in 2019

Macquarie says Appen’s underperformance in the second half of fiscal 2020 due to heightened competition is expected to persist until 2021, as the company suffers from a change in the competitive landscape

The broker lowered its price target from $ 27.00 to $ 19.00 and demoted the stock to underperform, saying other brokers may soon follow suit

â ???? Beyond the results of FY20 which are likely to be a non-event, the street failed to fully appreciate the increased competitive landscape that Appen now faces, â € “ said Wei Sim, analyst at Macquarie

The broker said there have been structural changes in the competitive landscape and pricing pressure will follow soon

The increased competition from 2:20 onwards leads us to believe that the y-y headwinds will continue to persist in at least 1H21 before seeing growth rates normalize, albeit at a lower level says M Sim

– Increased competition has been partially mitigated by increased demand, but increased supply has exceeded demand Pricing is not yet a lever to differentiate outsourced solutions, but as competition intensifies in 2021, we see a downside risk on the street income forecast as this kicks inat ????

Suspended FAR Limited Company Says It Has Received A Non-Binding Conditional Indicative Takeover Proposal From Lukoil, One Of The World’s Largest Listed Energy Companies

The offer precedes a meeting where FAR shareholders were to consider an offer from Woodside Petroleum to buy its stake in the Sangomar project

The FAR postponed the shareholders’ meeting, which was to take place on February 18, to allow them to clarify the status of the Lukoil proposal

Lukoil said he would be willing to provide financing options to enable FAR to emerge from default over the fundraising failures of the RSSD project

FAR is in default on its January 2021 fundraising appeal of US $ 199 million FAR is also in default on its February 2021 fund appeal of US $ 24 million

The FAR has until mid-July 2021 to remedy the shortcomings or risk losing its interest in the RSSD project

After a remarkable 160% rebound through yesterday’s close, shares of Zip Co retreated amid falls by most installment providers and the tech industry

The S&P / ASX All Technology Index is 17 percent lower with a 126 fall for Zip Co to $ 12 16 topping the declines

Zip Co’s capital is 123% lower than yesterday’s market close, with shares trading at $ 12.21

Shares bought now, paid later, junior Sezzle, are also significantly lower, sliding 111 percent to $ 10 22

Nick Maclean is a portfolio manager at Surrey Asset Management, which was ranked second in the Mercer 2020 Survey of Fund Manager Performance in the Australian Emerging Equity Class

We recently strengthened our position in Betmakers, in line with our desire for quality exposure to the US betting and gaming market

More importantly, he also enjoys the support of Tom Waterhouse, who has a proven track record in starting and growing online betting businesses and, as recently announced, has just added, arguably, the main Australian online betting operator Matt Tripp as a major shareholder investing $ 25 million of his own capital and as the company’s exclusive strategic advisor

While the stock has seen a positive turn, with the company being advised by world-class operators and our forecast that the US betting market is expected to reach over $ 15 billion over the next five years, we let’s see a lot of value on the rise if the company continues to successfully execute its strategy

Pointsbet has added the NHL to its US partnerships Is it able to maintain a leading position in the US sports betting market?

Yes, we believe it. We measure the state-by-state market share in the US as it deploys to their platform in a phased manner

Earnings season dividend surprises could be improved by Rio Tinto in its report later this afternoon, according to broker UBS, which finds that 43% of ASX 100 companies reporting so far have exceeded revenue expectations

The reporting season has improved earnings per share for 2020-21 by 21 percentage points already (to 288 percent)

But it’s dividends that are the bright spot thanks to finance and resources Revisions to the financial dividend per share since the start of the reporting season are up 6 percentage points and resources by 51 percent

/ p>

Consensus estimates do not predict a return to pre-COVID-19 dividend levels until 2022-2023 “We believe the outlook for DPS will be much better than consensus expects,” the broker said

Scott Morrison has come under pressure over the alleged rape of a former Liberal staff member; Ash Barty out of the Australian Open; Victoria’s five-day lockdown to lift tonight; States to start immunizing health workers next week Follow updates here

Wesfarmers to open lithium mine in Washington state as more countries phase out gasoline vehicles and urge drivers to buy electric cars

Owner of Vicinity shopping center reactivated distributions as rent collection improves across portfolio

Police in Western Australia have Crown Resorts on their radar after seizing around $ 50 million in cash over six months from carriers they say respond to international drug syndicates

Rio Tinto, iron ore, dividend

Ebene News – UA – Rio Tinto springs US93Â ¢ special dividend

Source: https://www.afr.com/markets/equity-markets/asx-to-ease-rio-coles-results-ahead-20210217-p5736d