Rio Tinto’s top dogs can defend the miner’s clunky dual-listed company structure until they’re blue in the face, but the issue will not be put to bed while they’re cutting $10 billion cheques for M&A deals.
That’s the simple reality for Rio Tinto. It cannot expect shareholders to drop the dual-listed company (DLC) issue – the fact Rio Tinto is split into two companies with two sets of shares trading at materially different valuations – while management says one thing on earnings calls and does the other every time it bids for something.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。