George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Surprised we haven't seen a bounce
saint-tropez
i take that as a complement..with 1.9 billion shares I am impressed that you think my "agenda" could have any influence
cheers
" The government have guaranteed the as yet 'un drawn' additional £2b loan facility should RR ever need it.. They are happy to stand firmly behind RR and back them with hard cash. Takes away the shareholders risk. "
risk against what ?....that you think RR might go bust ? well yeah...but if you think holding here is merely about feeling good that the company wont go bust then you need to look at more reasons to hold the shares...
The earnings per share are going to take a pounding and how do you expect to get the revenues when you have decided to offload 17% of the work force??
do some research on the compound effect on earnings per share drop and its effect on a share price....it is an eye opener...
I agree ..a 60% share price drop this year makes it look a bargain....but..I personally wouldnt go as far as that...
They are enetering a whole new world and things are clearly arent going to go back to the share price was what it was...yeah, right now it will be looking for another trading range low..where ever that decides to be.. summer is always a bit of a speculative news month or two...
sure if you want to hold for 3 years ...things could be different ..but ...the debts and earnings are going to be a sore point in the short/mid term
Good luck
exactly! i expected this to go in to the 300 with todays news, happy to accumulate a lot more shares at this price.
Pokerchips that’s the trouble at the moment on here there are so many naive and ridiculous comments placed you have too really pinch yourself and Laugh mate, some of these people sound really stupid in there comments !
Fully loaded, not many sells going through.
" They are well capitalised."
they need to be..their expenses are in the billions ....not the odd million here and there
I see this as a good update given the current climate.
Management have taken a prudent approach to consider potential options for both the short term and long term, as you would expect.
There is always a cry of MM games, letting mates in, etc when a SP drops after any news, many seem to expect a SP to move only one way all the time.
Happy with the position I have built up here in the past week (despite the 300p average). A core holding for the long term.
gla
not happening, should just hold as it will go up today/tomorrow
Dont know whether to buy more now or wait for a potential Rights Issue
mark_rs
this is a business that is currently in the process of off loading 17% of its work force and having to increase its liquidity to £8.1bn by organising a further, an as yet undrawn, £2bn 5-year term-loan facility...and also write off £1.45 billion as a result of terminated hedge positions.
Its cost savings on one hand are being out numbered by cost expenses from the other
It clearly does not expect a recovery any time soon
+ "we will also be assessing the carrying value of our engine programmes and deferred tax assets. We are currently undertaking a review of these matters, the impact of which may result in non-cash accounting adjustments in our first half results."
+ " continue to review our options to strengthen our balance sheet and position ourselves for the recovery "
the list of things the company is currently battling with is..well..
the only good thing currently is that they obviously are very aware of exactly what their problems are and what they need to do to overcome them , but it will clearly take time to action
@Mark, probably because of the cost of reducing hedge plus the timeline of recovery being slow. This can change of course. A vaccine will transform this within weeks.
Why after a better update and way fwd would you be selling now or is this clear manipulation???
Massive strong buy imo!