Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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CW.
I now 100% totally agree.
I had huge holding last year, eventually I did the sensible thing and spread it, but then was 100% confident that RR's results would be awesome........Doh.! Look how that turned out!!! :-)
Tui
Carnival
Easyjet
Lloyds
Gifford American.
Gifford Shin Nippon
IAG
Nano
RBD
Genedrive
Will be my holdings......eventually.........
Negative Growth?
Surely no such thing?
A shrinking economy yes, but that's across the board.
Some sectors will still grow whilst others shrink.
Interest rates will rise and inflation also, but this will top out around October/November.
How anyone can forecast past then, with any accuracy is ludacrous. Depending on who the new leader of the conservatives is will result in totally different paths and outcomes. Their policies for dealing with recession are chalk and cheese so I can't see how anyone can come up with these forecasts.
Just look back on the so called experts forecasts over the last year. Half got it wrong. Half got it half right. No one got it spot on.
I pay little attention to so called forecasts on growth, economy, inflation etc. It'll all change next week, next month and next year.
Just too many variables at play.
CW. That is my point.
Now vs then.
Then the belief was it was going to bounce around the 150 mark.
Omnicron took a chunk out for no reason, purely scaremongering.
I agree that today is a completely different view point, but we know today, we can see today.
My point to answer the previous posts was that nobody saw this going from 150 to where we are now and it sitting at mid 80's for this long.
RR's problems of old are resolved, namely trent, they have financing challenges because of wrong hedging and fixed contracts when costs are through the roof.
We will see what happens after the ITP cash comes in, when they are also going to use some of the other cash in the bank and zero down the debt/slash it hugely and announce future dividends which will all reset RR, in theory, back to investment grade, in theory, and then, in theory we will see a rise, in theory.
But, of course, if China invades Taiwan, of North Korea declares war on South Korea, if China declares a military exercise against South Korea because of their missile shield deployments, if the west give Ukraine Western planes that pushes Putin over the edge and the Ukraine "special military exercise" expands, then I guess RR will be 20p.
CW
''unless drastic changes occur economically and geopolitically''
I disagree...RR core issues are its operational profit...huge inefficiency and loss making operations in Civil, its biggest cash cow.
They can win orders all year long but if they cant turn a profit in the manufacturing then RR are just busy fools.
Hence the Turbofan appointment...no growth until operations are streamlined and efficient and making profits.
Nobody saw this going from 150 to 120 to 100 to 79p in September last year, nobody in their right mind would ever think that RR and all the travel stocks would be worse off that August 2020, after the first lock down.
Yes, people have posted changed updates as new news happens, and they post a downwards view, but anyone can do that.
Nobody predicted that Omnicron would screw people over again to the point it did across the UK stock market, nobody predicted that Russia would finally do what they have. Nobody predicted that the economies would be hit this hard, that includes the BoE, the Fed, and every finance lead.
As I said, yes, people have posted new views as new news comes out
ive been on point mate while 95% of people on here ramp it i have been very grounded overall, so yes i was spot on.
The only correct post on this board was at the outbreak of war in Ukraine when someone noted that Rolls had been sanctioned.
Not really...JTT...The whole point of interest hikes is to push the economy into a reccession to cool inflation
The interest hikes will continue through 2022 and 2023
No bumps coming...too many manufacturing problems. RR cant turn a profit in Civil
Turbofan will need at least a year
JTT, just watch out you don't melt and look out for the ring of fire around you.... Speaking of Neg talk from the BBC :-)
Agreed. Sad for that bloke who had to sell at a loss as there was a chance we could have had a bit of a bump. Unfortunately, it was not to be. And now we wait.
Correct VP...RR will recover...its a matter of time
JTT...If you read my post - you will note that I have said RR will outperform regardless of the negatove outlook.
RR is projcted to grow.
Therefore being in RR may prove to be a great hedge against a reccession. That is my point.
I don’t think anyone has called this right.
My negative outlook has been correct for the past 12 months . i might be irritating to some but ive been one of the only ones right
JTT...Do you follow the financial news.
Its running back to back on Bloomberg right now.
''The Bank of England now predicts the UK will enter recession in the last three months of this year and throughout 2023.
If GDP declines for two consecutive quarters - so six months in total - the economy is considered to be in recession.
Governor Andrew Bailey said GDP would probably fall to 1.25% in 2023 and 0.25% in 2024.
If this happens, it would be the first case of two years of annual economic contraction since the 1960s.''
I don't think we will go in a recession, as it's very Un Britishy.
Lizzy said yesterday that she will everything to stop that from happening.
The other clown is to busy counting his money to comment.
UK is in a recession for next 24 months - and US has already shown 2 x negative growth quarters - they are also in a recession
We will continue to see negative growth quarters all through 2022 and 2023 - although it will be mild.
However it is my conviction that SAF, Nuclear and Uranium (my concentrated holdings) will prove to be Counter-cyclical or defensive industries. As defined Counter-cyclical industries perform well/better than the indexes during economic downturns. In normal circumstances this would not happen - however due to Ukraine my bet is demand for SAF, Nuclear, Defence, Civil Air and Uranium will continue to grow and produce stronger earnings into the near future regardless of the macro economy...