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There Likely large sells at time of the drop hence the drop, there reported late.
Leak, drop , Let the big boys in... exactly look at the trades that happened at 260-270 range, millions of pound buys ready to go just at that point... strange that is!
I’m just wondering about the trading update on Thursday aswell, things point to it being good as surely they would have waited until that to drop the price if it was bad
After this leak and drop, massive buys happened, the trading update will be good and then a rise for the big boys who got in at 250-270
Wondering why large buys would go through if it was going to drop again Monday...??
All seems logical...People thoughts?
I don’t think it’s a u turn. No one has been able to predict the short to medium term outlook since the coronavirus in the aero industry. It was initially much worse than expected and now is looking like it’s going to take longer to recover than first thought. Hindsight is a fantastic thing but the board are making decisions and planning based on what they know today. It’s all about flying hours. Focus on this first and the sp will follow suit
the leak was by Bloomberg which means there must be some truth in it, leak it to Bloom, get the price lower so big boys can buy in and then ramp it all the way back up again
Im holding, not falling for it.
that's what sunday time wrote, they are surprised by the U turn
i just think its mates rates, let everyone in on the cheap here , its ftse 100, all the big boys will want in, and everyone has been raising and issuing almost 20% news shares so maybe they think might as well raise now whilst the money is there to take
Static makes a good point. In the AGM statement on the 7th May Mr East said -
As a Group, we are prepared to endure a prolonged period of uncertainty. Due to the unprecedented reduction in air traffic caused by COVID-19, we are anticipating a significant net cash outflow during the second quarter and it remains too early to guide on the likely outcome for the full year. Meanwhile, our financial position remains robust and our strong liquidity position provides support for our operations.
Here we are less than two months later and rumours have re surfaced about a rights issue. Critically, the company did not categorically refute the suggestion that a rights issue might be on the agenda. What has changed in such a short space of time for the board to be considering this as a possibility ?
I am really inexperienced shareholder who inherited and bought recently RR stock. It is difficult for me to see anybody buying this stock to push the price up to 4£ in the next 2-3 months , especially after this kind of news. Mr CEO did not care about shareholders when he issued in such an unfortunate way that right issues statement. "We remain strong, but we need extra funding". It seems that in UK business there is no a proper business transparency, and it is ethically acceptable not to say the truth. CEO said a few weeks ago the RR business is ok.
Mr Arsenal, keep posting...Best luck to all of you
You mean this will be a aim share after a £6 billion fund raise that’s more then the market cap? That can’t be true.
Some good posts here. Prudent, as stated to review and plan for the future.
People often read too much into statements like this and rumours. and fear the worst.
If there is trust in management and the business, then good decisions will be made in the interests of the company and shareholders to secure a long term future.
Too often, especially in government, short termism comes into play and decisions are made for the here and now to satisfy investors (the public) and managements' position (and their bonuses), rather than take a long term approach.
Rilo30 absolutely spit on mate there are too many people on here recently who don’t understand the business , a lot of these have turned this forum into a look of an Aim share .The business will be sound for the future and once we get some consistency with flying hours and everywhere starts to get back to a near normal the quality products RR make for different business sectors will shine through as stated all long term holders who believe in the business just stay calm
Keep calm, as mentioned by other posters, it is prudent and encouraging to hear, that the management are regularly reviewing its cash flow & balance sheet etc, if it wasn’t, I would be worried!
I accept it is bad timing that a third party presented a story into the market, which forced RR to come out with a statement, as other posters have also stated, not ideal on a Friday afternoon, but if you their read their statement carefully, they have kept it short and brief and to the point.
I know this is stating the obvious, but there are only 2 ways this can go i.e. the share price can go down or up, more than likely temporarily down, but then up I believe up, is inevitable. In terms of downwards, there is not much room for the price to go down much further, but on the plus side, there is plenty of room for the price to go up when things start to get back to normal.
Even if the share price falls further, once the world wakes up and the money cycle of business reignites, RR will be in an excellent position to capitalise on this. Good always comes after a period of bad, it’s how life works, bad does not last forever. It never has and never will.
As time passes the medical sector will evolve and adapt and the coronavirus will come under control. The world will eventually find a vaccine and they are already finding drugs that can be used to reduce the impact on the bodies ability to be able to fight the virus.
I intend to watch what happens over the coming weeks and months, I always find these situations fascinating to watch, but one thing is for sure, I will not be off loading my shares in a distressed sale. If they do decide to take the share issue route, I will be topping up, which means even more profit when the share eventually rises.
Have faith, stay strong and remember why you invested into RR in the first place, they have too many options available to them to fail!
Using the words of another poster – “Solid company with value engineering expertise. Demand for this will be stratospheric when recovery happens”, could not have summed it up any better, so felt that these words should be repeated.