Why I’d shun this high-yielding FTSE 100 stock that ticks a lot of investors’ boxes

first_imgSimply click below to discover how you can take advantage of this. Why I’d shun this high-yielding FTSE 100 stock that ticks a lot of investors’ boxes Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. FREE REPORT: Why this £5 stock could be set to surge See all posts by Kevin Godbold However, I’d take a close look at this one. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free.center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Kevin Godbold | Wednesday, 17th February, 2021 | More on: RIO Image source: Getty Images Of course, share price levels mean little in themselves and good investing is all about analysing the fundamentals and valuations of underlying businesses. But the highs on the Rio Tinto chart have almost always been fleeting and followed by precipitous plunges.Valuation compression is a ‘thing’After all, this business is cyclical. And its nature means revenues, cashflows, earnings, shareholder dividends and the share price will likely fluctuate. Meanwhile, City analysts predict an advance in earnings in 2021 of around 30%. If this was a growing business in a less cyclical sector I’d expect a lofty valuation with those growth prospects.But with the share price near 6,477p, the forward-looking earnings multiple for 2021 is just above nine. And the anticipated dividend yield is a little under 7%. That valuation looks undemanding.But when cyclical businesses are posting big profits, the stock market tends to compress their valuations. That happened with the London-listed banks over the past decade before the Covid crash, for example. And I think it could be happening with Rio Tinto.So, as profits perhaps continue to rise in the years ahead, the valuation could contract to account for those increases rather than the share price going up. And I reckon that could happen because the next cyclical down-leg is coming. We just don’t know exactly when!Rio Tinto may prove to be a decent investment from where it is now. But I’ll watch from the sidelines for the time being. Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. At first glance, FTSE 100 miner Rio Tinto (LSE: RIO) looks like an attractive stock. It’s got a high dividend yield, a low-looking valuation, escalating profits and modest levels of debt. And those attributes combine with positive director comments to make the share appear a potential winner. And it may prove to be.Why I’m cautious about Rio Tinto nowHowever, I’m cautious about Rio Tinto right now. My first consideration when appraising a company in the mining sector is cyclicality. And I’m mindful of the advice written by Peter Lynch, who once excelled in managing the Fidelity Magellan Fund. He cautioned that cyclical stocks can be at their most dangerous for investors when they look at their most attractive. And that usually occurs after a long period of strong earnings.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…And I think Rio Tinto is in that zone now. Earnings have been riding high since dipping into negative territory during 2015. In today’s full-year report, the company posted underlying earnings per share 21% higher than the prior year. And net debt fell from $3,651m to $664m.The FTSE 100 business has been trading well. And the directors increased the ordinary shareholder dividend by 21% with a special dividend on top of that. Chief executive Jakob Stausholm said in the report the year had been “extraordinary”. He reckons “strong commodity prices” helped drive the good performance of the business.But if commodity prices fall in the future, so might the company’s profits and cash flows. And if that happens, the share price and shareholder dividend payments will likely decline as well. Meanwhile, the stock is currently trading above the top of its previous multi-year range.last_img read more

Freedom of information threatened by visa refusals, filming bans and arbitrary arrest

first_img October 1, 2012 – Updated on January 20, 2016 Freedom of information threatened by visa refusals, filming bans and arbitrary arrest Reporters Without Borders is very worried by the signs of a decline in respect for freedom of information – including visa problems, filming bans, arbitrary arrest and deportation – since the election of the General National Congress on 7 July.Several foreign journalists have told Reporters Without Borders they have had difficulties getting visas to visit Libya, especially after the 11 September attack on the US consulate in Benghazi. Those who managed to go have had problems with the militias, especially when trying to take photos or film the peaceful protests against US ambassador Chris Stevens’ death.The Supreme Security Committee (SSC) has also arrested journalists arbitrarily. Its victims include the British filmmaker and journalist Sharron Ward and her Libyan interpreter, who were detained while filming at a camp for internally displaced persons (IDPs) at Janzour, 12 km west of Tripoli, on 19 July and were held for nearly eight hours. Ward was then detained again for three days, from 21 to 23 July, before being deported. News RSF_en Organisation June 24, 2020 Find out more Well-known Libyan journalist missing since his arrest Foreign journalists are not the only ones to be harassed by the Supreme Security Committee. Reporters Without Borders has learned that the SSC’s Second Brigade summoned Al-Assema TV managing director Nabil Shebani on 25 August for questioning in connection with its coverage of the destruction of the Al-Sha’ab mosque in Tripoli.Shebani said he was held for about 10 hours but insisted that that the length of his detention was due to the initial absence of officials competent to question him. Two of the station’s journalists were also briefly questioned, he added.Several Sufi shrines were vandalized from 23 to 26 August. On 23 August it was the tomb of Sidi Abdul-Salam Al-Asmar Al-Fituri in Zliten. On 25 August, it was Sheikh Ahmed Al-Zarruq’s mausoleum near Misrata and the Al-Sha’ab mosque in Tripoli. The authorities subsequently ordered their complete demolition. SSC personnel tried to prevent journalists from covering the demolition of the Al-Sha’ab mosque and behaved very aggressively towards journalists who tried to approach the site. News “Foreign and national journalists must be able to work freely in post-Gaddafi Libya,” Reporters Without Borders said. “Abuse of power should be a thing of the past. It is true the country is in full transition but the Supreme Security Committee’s high-handed behaviour is disturbing. We call on the new government, above all the interior ministry, to investigate these incidents and to return the equipment that was arbitrarily confiscated from these journalists.”Ward gave Reporters Without Borders the following account: Her first detention I had a proper journalist visa as well as all the necessary Libyan press credentials. I was filming openly at the Janzour camp and had been there all afternoon. We were not stopped or checked at any time on entering the camp. Nonetheless we ended up being detained. In the evening, after being questioned, we were told we could leave.But then two men in civilian dress turned up and said they would “drive us home. It turned out they were members of the Supreme Security Committee’s Second Brigade and they took us to their base in Ain Zara, in southeastern Tripoli for further questioning. This was despite the fact that I had proper press credentials and permission to film at the camp, and dozens of journalists had previously been there without permission.After threatening to throw us in jail for two days, in order to wait for officials competent to question us, they eventually released us that night thanks to the British Embassy’s intervention. However they kept my camera equipment, press passes and passport. LibyaMiddle East – North Africa Help by sharing this information Follow the news on Libyacenter_img to go further Summoned for more questioning My interpreter and I had to return to the Second Brigade base two days later, on 21 July, for “further investigations.” We were questioned further about the permission we had received to film at the camp. After a break for Iftar (the evening meal that breaks the Ramadan fast), I was interrogated alone in the middle of the night. The interrogation continued for around four hours until about 2:30 a.m. without the presence of an embassy representative. That is when they confiscated my mobile phone so I was without communication after this.It was clear that they simply didn’t want me covering Tawergha-related issues. I was the only journalist they detained. They held me for three days. My Libyan interpreter was released after the first day. I fully respect the sovereign laws of Libya and understand the need to comply with them, however you can’t go around locking up journalists just because you don’t like what they are reporting.I was interrogated again on the Sunday. A British embassy representative came to assist. It is important to note that I was not mistreated physically. They made sure I had food and juice and kept asking me if I needed anything. It’s also somewhat reassuring that there did appear to be some kind of process happening and paperwork was being done. However the fact that was I detained in the first place and for so long, is very concerning. I am very grateful for the assistance of the British Embassy in Libya and the intervention of the Foreign Ministry. After I was released into the care of the British Embassy, they gave me my camera bag and my papers back. But I later found that the SSC had removed my camera and my personal hard drives from the bag. The Supreme Security Committee wanted to confiscate all of the footage I had filmed at IDP camps, not just the footage from Janzour. I had no choice but to agree. When it was discovered that my tapes had been accidentally destroyed, although it was not of my doing, the SSC threatened to arrest me at the airport the next day.This was extremely concerning. In the event, I was not arrested and I arrived in London later the same day, 24 July. As a freelance filmmaker, I can ill afford to replace my equipment and I just want to get my camera and hard drives back. The Foreign Ministry is probably under the wrong assumption that they were returned to me and I’m sure they would be very alarmed to hear my equipment was not in fact returned to me. Six imprisoned journalists to finally appear in court in Istanbul On Libyan revolution’s 10th anniversary, authorities urged to guarantee press freedom News February 23, 2021 Find out more Read in Arabic (بالعربية) LibyaMiddle East – North Africa News Receive email alerts December 17, 2019 Find out morelast_img read more