George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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jeff, not sure it's quite the 'polar opposite'. I think it's reasonably close to the worst case scenario end of expectations which is why this has not risen like the phoenix (yet). In any case, they have funds to cover the "worst case". I'm surprised they didn't book the sale of ITP yet as I suspected that might happen before the results.
I'm also following the flightstatistics but the wide body recovery has been depressingly slow with most of the commercial flights being single-aisle. I hope cargo offsets it somewhat. Good news on the european passports, hopefully that'll gather momentum. I'm keeping a lot of dry powder for results day as I expect MMs will walk it down to gather stop losses as they have done on numerous occasions.
Came across this post on reddit thought be worth a share
My dad has held a senior position in their engine software development function for many years and is just about to retire, but not because of C19. Feeling is highly optimistic because of the amazing reduction of case and death rate in the UK as a result of vaccination. A lot of RR’s business has not been at all affected, eg the defence work which is strong through 2021.
There seems to be some chat on the board of people waiting for the quarterly results being published on March 11th. Seems obvious to me RYCEY/RR will rocket after them. There’s no risk of further dilution, the last funding was based on a worst case scenario for recovery. It’s been the polar opposite so far. I’m looking forward to the results.
Anyone in any doubt, listen to/read the December 2020 results on Rolls-Royce website.
Smart kid :-)
I think all thing considered this ship had steadied and will ride the waves and begin its climb. The share price could be dragging on the bottom if itwas in really negative territory but some confidence keeps it in the picture I feel.....
Well, according to this: https://www.flightradar24.com/data/statistics
At the end of February we were back up to 70,000 commercial flights, compared to 108,000 at the same time in 2019. That is currently 64% of 2019 levels. The trend is also markedly upwards, such that one might expect to see at least 75-80,000 Mar/Apr onwards, which would be 70%+ for the rest of year (and perhaps 80%+ if that trend back to normality continues). I think that Rolls will have to amend their flight hours expectations quite significantly, unless they expect a further deterioration in air travel - of which there seems to be no evidence yet. But it's very hard to extrapolate a yearly reduction to 55% flight hours from the data that is available.
Even the cruise stocks have risen, and they haven't had a ship out for the last year.!
If RR announce that they are re-calculating again, and are now anticipating a 60% or 65% rate vs 2019, which they had 70%, then dropped to 55%.....then we are all going to be good.
Everyone results are bad, immaterial, the key is the future projection and sentiment......all they have to do is play nicely.!
What we need is positivity, positivity, positivity especially from RR on the 11th, because the balance sheet will be the balance sheet .. trying to keep my glass half full ..
Hey . JonnyTwoToes, not sure came from the future, more like the passed :}
Yes, we shall see. Will be interesting. Any predictions :)
A bolt of lightning is going to strike the clock tower at precisely 12.00 o'clock Wednesday..if we could somehow ... harness this lightning.. channel it in to the flux capacitor connected to Sunaks brain... it just might work .... and who knows RR could take off.
Get ready people, I just came back from the future lmao