The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Rumours of a RI is the reason it’s drop from 400 to 150?
I think the global pandemic, flights grounded, reduced revenue, mass redundancies, global recession, asset sales, massive losses and no visible timeline for recovery also may have had something to do with it. I think the RI has only had an impact from around 270 ish.
It’s a blindsided view to suggest the share price is so low due to manipulation from the press and banking system.
Toff, you are such a gent. Your mother is very proud I am sure. All the best.
Another burden on RR currently is the current air traffic level, at least in Europe. Previously Eurocontrol forecasted that air traffic in European air space would have returned to 80% of its normal yearly value by January 2021, which should surely have been good news for RR. Air traffic was picking up as forecasted until August but has stagnated since resulting in Eurocontrol to revise their forecast. Now they predict traffic levels of around 40-50% of previous normal all the way until Feb 2021.
Note: Eurocontrol's forecast isn't really based on how the Coronavirus is spreading but more how states cooperate between each other in order to streamline the new rules imposed for safe flying.
https://www.eurocontrol.int/sites/default/files/2020-09/eurocontrol-draft-traffic-scenarios-14092020.pdf
Sharefall
“All IMO but the system is corrupt and the press are in bed with the banking system which is used to manipulate at will.”
Paranoia is the first symptom of a failed trade. Shorters, institutional investors, gutter press, banking system, are blamed by clueless traders who have no business trading shares. The real blame lies with you - you were the one who bought into Rolls - maybe you failed to do due diligence before doing so or listened to others on this board who have been decimated by their Rolls investment who want to pull others into the abyss with them.
The lesson you should take from this is not to listen to people who have no idea about share trading. This board is a sham - I’ve never seen such mind blowing ignorance - talk about being ill-prepared and lacking the necessary talent. Once their dumb luck runs out it’s curtains.
Toff
Rocket stop this nonsense please.
Every rag is calling £2.5Bn fundraising...
This is on the top of £2Bn sale of asset.
Just did a quick search on Singapore’s sovereign wealth fund;
GIC implemented a new investment framework in 2013 to give it more flexibility to focus on "investments that may be riskier in the short term but would generate returns in the long-term."
IMO RR will be volatile in the short term as there is so much uncertainty. Yes it may go to 100p but I am very confident that it will recover eventually.
GLA
Rocket, exactly. Rumours of rights issue have been the reason for the drop from 400 to 150. Orchestrated probably to give the big funds a lot more leverage. All IMO but the system is corrupt and the press are in bed with the banking system which is used to manipulate at will. Small PI's can ride the waves and hope to pick up the left overs. Anyone gloating they saw this and that, made some lucky calls and just that. Good for those who did. Personally, I am just adding as I can and will just wait. Will RR go bust? I think not. Therefore I will give it time and ignore the noise. Yes, may go to 1£. Maybe, maybe not. If yes, will buy more and enjoy the inevitable rise when the big fish have had their fill and it goes back up. ATB
500 mil from GIC and co and 2bil from sale of assets. Rolls have said they would only do a rights issues as last resort. This way they don't need to.
There's not going to be a rights issues imo.
Below from The Times...
The Derby-based engineering group has admitted that it needs to raise up to £2.5 billion from investors and expects to raise a further £2 billion from the sale of businesses as it bleeds cash during the aviation and aerospace crisis.
If RR wanted to go for a RI it would make sense to do it ASAP right? Company's market cap is 3b while they said they want to raise up to 2.5b. The longer you wait the more the share price is depressed down, making an RI more costly to pull off.
I'd guess they aren't finalized on the decision to go for an RI, otherwise why wait? But that's not important. More importantly if they are still not decided on an RI, can they find the capital without doing an RI.