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Absolutely Deelaar. Put this into perspective , the initial worries that they would need to do an imminent cash raise was a worry. They absolutely do not need to now. This company will be generating 750m free cash in 2 years time, and the growth will be phenomenal after this. It has guaranteed revenues from engine servicing once everything ramps up again. Risk now is COVID travel restrictions get put on again globally, that’s dampening the price now. That would be catastrophic. However, if everything goes to plan with engine hours going back up over next 3 months, wow... it will fly. So... keep any eye on number 1 risk: international travel opening up.
Fundamentals are at the moment bad, and they have been getting worse before Covid. I would ask Swazers what we could expect on chart basis.
Thank you
Hi Static. I understand your view but don't forget Mr East has not been dealt an easy hand here, Trent 1000 and Covid19 were both individually massive events impacting the companies fortune and it could be said that any management and company that can weather these storms is actually being run well. Imagine if these 2 events never happened this would be really profitable right now. Gotta be calmer waters ahead and with a leaner run business and cost savings implemented could be a good one. Different perspectives I suppose but the last couple of years has been unusually challenging. Good luck anyhow
Hi Deelaar, thank you for your response.
I know it has not been easy to be W. East in the last 2 years.
HOWEVER, Rolls-Royce said 15 months ago that it remains on course to achieve its targets for the year - despite problems with some of its engines.and ssued a trading update to the London Stock Exchange ahead of its annual general meeting with shareholders. I think it was 15 months ago.
In the update, CEO Warren East said that the firm remained on track to deliver on its goals for the year and that current trading was in line with expectations.
It looks RR uses the same statement's pattern. As a longterm shareholder I am interested RR business to be efficient.
Mr East with RR strategy is struggling. Fundamentals are not good and clear imo.
That is the reason I would NOT recommend to BUY at the price of 262.
Static I believe they do have a history of quietly addressing issues without drama normally although last Friday was a bit messy by their standards but then they were reacting to naughty rumours and were sincerely I believe trying to clear up the noise. I understand you may feel a bit disappointed with being underwater presently but with flying hours surging on now and revenue returning enough to sustain a smaller footprint company the rot is being stopped. I would not want to see any future quality issues or any other type of situation of not the companies doing as this would put the company as you say a bit out of control but as things are I believe it is under control. Keep faith flying is returning
The winning companies are those that accurately assess the problem, its cause and contributors and quietly go about a resolution while still looking after its customers and shareholders. Does R.R. have a long history of achieving this?
It looks that W.East strategy has not worked in the last two years. However, we have to admit he was not lucky with Covid. The business is not under control, I would not touch RR at this price 262. I am loosing with 17 k shares around 25 thousand pounds. I am just trying to say something about my experience with RR shares, especially in the last 2 years. My father had made even much bigger loss with the company in the past.
There’s a good chance we retest May lows before seeing any rebound but Swazers will be able to say for sure.
What a brilliant opportunity,can’t believe we can top up at this price,The only way is up now every trading report from now will increase.The sector is on its bum and just coming out of lockdown,massive upside in next 3-6 months.No brainier
Buy and hold double money in 12 months