Stock Exchange Assignment

Stock Exchange Assignment Portfolio: 12/03/07 $ one hundred fifty 000 in Rio Tinto Ltd (RIO) @ $74.84= 2 004 shares $50 000 in Newcrest Mining Ltd (NCM) @ $21.28= 2 349 shares $50 000 in Macarthur Coal Ltd (MCC) @ $4.55= 10989 shares $50 000 in Fortescue Metals Group (FMG) @ $18.05= 2770 shares Total: $ three hundred 000 18/05/07 2004 shares inRIO@ $90.91 = $182 183 .64 2359 shares in NCM@ $22.20 = $52 369.80 10989 shares in MCC@ $5.27 = $57 912.03 2770 shares in FMG@ $34.45 = $95 426.50 Total: $387 891.97 Reasons For Choosing This Portfolio: I decided to get under ones skin with 50% of my portfolio ($150000) empowered in Rio Tinto Ltd, being the second largest multinational dig company in the world. Having established its presence in Australia oer 40 years ago, I felt that this would be a secure major investment, with its diverse interests (outlined below) and a past memorial of sacrosanct performance against the ASX50 index. I similarly wanted to invest in Xstrata, however it is not listed on the ASX. Of the remaining $150 000, $50 000, or 17% of my initial capital all(prenominal) went towards Newcrest Mining Ltd (Gold), Macarthur Coal Ltd (Coal) and Fortescue Metals Group (Iron).

All of these companies appeared to have strong backgrounds with the potential for further growth in the near future. In particular, Fortescue looked to be a strong mover with iron ore prices two-base hit in the recent past. In this way, I thus go out my portfolio with 50% in one major pseud in the industry representing varied interests, and the remaining 50% go against evenly between interests in gold, coal and iron. Due to this split, I believed any negative fluctuations in specific base commodity prices would only affect a small section of my portfolio, minimising the loss. corporation Overviews: Rio Tinto Limited: Originally formed in 1873, Rio Tinto is the worlds second largest minerals company. Its activities span the world but are strongly represented in... If you want to get a full essay, say it on our website: Orderessay

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