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I agree it won't hit 32p before RI is over. The underwriting banks have a vested interest to get the shares off their hands. But it might go that low - IAG tested 90/91p even during the RI period, and it's around 92p today. For reference, IAG's subscription price was 88p.
I think almost everyone (including the ones shorting) believes that RR will rise up again. The key question, is about when. RR's share price should be depressed in the short to medium term, but no one knows how long that medium term is.
It's strange being called a troll when I said weeks ago that the price will drop post-RI, and that £1.30 finishes are a dream. But here we are. I think this bears repeating to some people here - don't invest emotionally. Never, ever do.
I will be taking my own rights allocations up, but I never intended to hold short term. Good luck all.
huh? Narrow bodies - A320 and 737s. 737s use CFM, A320s IAE and CFM. CFM is owned by GE and Safran. IAE is owned by PW, MTU and the Japanese. RR has no stake in either both big narrowbody engine manufacturers.
Widebodies. RR has competition from GE, PW and United Technologies. Of the new generation civil aerospace planes, it splits the market with GE on the 787s, and runs the A350s. GE takes the 777X. RR's focus is on long-haul civil aviation. How is RR going to rebound in the short term unless restrictions get lifted en masse worldwide?
@Dinvesotoy I think everyone's quite clear that there will be no change to 3LRR/3SRR, or any other forms of shorts/puts/calls after a revised share price due to RI, thank you. I don't think that fact bears repeating.
Honestly, why are you being so definitive about everything, when it is clear that you've literally followed RR for only 18 days, as you have acknowledged before?
@casapinos if you think 3SRR is a naked short, you've clearly not done any research. Naked shorts make you owe people money at the end, if you get the direction wrong and it goes wildly against your favour. 3SRR works more like a put than a short in that respect, although it is neither product. Ratty will not lose beyond his original investment on 3SRR whilst people on a naked short gone wrong do.
@RattyRy do be careful at the extremes. The 1% move to 3% move on 3SRR/3LRR decouples when the moves are extreme.
it does feel like the Salem witch hunt here, earache. I feel bad for ShareAnorak who has given a very insightful picture into the world of M&A, but got shunted and shafted for suggesting the final T/I price be around 30p, by people who haven't had even a chance of being an investment banker. And for all the LTHs - the female ones especially that got questioned. My sincerest apologies for anyone of you had to bear the brunt of that earlier on.
I'll just sit back and see what I'll get for my 100+k shares and shut this out, because the toxicity of this place and mindless £2 ramping has honestly been more effective than the derampers in scaring me off the stock, ironically.
Hope everything goes well for you, and thank you for that message, earache.
not unwilling*. bleh, spelling error.
Anyway, I find it funny how you use you being here since 2011 to shore credibility, when no one has given a crap about ShareAnorak and his rather illuminating posts when he's been here way earlier than you.
A grown up man with the fondness of using caps! Shall I give you a gold star? Gosh, sometimes I wonder how many man-children exist on the board.
Does it detract from the end point of my message? That DS is unwilling to sell at 30p if such an offer comes up?