Tomorrow is going to be a good day, It is Dividend payment day. Yippee ki yay
Over the past couple of weeks, I had a quick chat to the postman and the Parcel Force delivery guy. I asked them both how is the business performing the replies were maniac the volumes that they are now dealing with. So the next interim statement in November should be interesting.
Still carrying a debt of £2.85 billion, therefore there will no dividend payment for the foreseeable future.
Just come across this on the internet.
Sharecast News) - The telecoms regulator has issued a warning to the chief executive of BT over his comments that the group's Openreach network expansion would "end in tears" for rivals and has opened an investigation into its performance. Ofcom said Philip Jansen's comments were of "significant concern" and that it "would be extremely concerned to see similar comments in future and will be keeping this under close review". - The Times
I came across this article as follows see below
Citi reiterated its 'buy' rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.
It noted that the banks all provided 2023 net interest margin outlooks that disappointed versus consensus expectations, mainly due to an assumed increase in deposit betas on higher customer switching.
"Our Deep Dive analysis on deposit migration and pricing suggests NIM guidance for Lloyds & NatWest is overly conservative, whereas Barclays looks more ambitious," it said.
Citi said its 2023 adjusted pre-tax profit forecasts for NatWest are 17% above consensus, Lloyds 7% above, Virgin Money 4% above and Barclays 2% above.
Banking shares were sharply lower on Friday, having taken their cue from a sector selloff on Wall Street, which was triggered after tech-focused bank SVB Financial announced plans to raise more than $2bn in capital to help offset losses on bond sales.
The way the shares are going, I think they will be £2 by next week. The Turbo's have kicked in Onwards and Upwards
Not really, If the share price goes up 2p, think how much money they have made. Then they will probably sell.
The CEO of any firm has to give a honest account of the business. They cannot mislead the markets or shareholders. RR has got a lot of debt, and are barred from paying any dividends at this moment in time. It will take time to rectify this problem and there will ups and downs along the way. Patience is virtue as they say.
I think the share price might take a big hit on Monday after Chief Executive statement now investors have had the weekend to mull it over. Hope I wrong we were doing so well.
Sold all my shares in Rolls Royce, purchased BT shares to get the dividend will top up again on Wednesday.
Inky
Debt makes all the difference, it is one of the reasons why Rolls Royce can't pay a dividend also Rolls Royce is in Negative Equity " meaning liabilities outweigh assets. Hopefully with the contracts Rolls Royce is obtaining and the increase in flying hours Rolls Royce will soon be in a more positive position.
In my opinion there are two issues that are holding the share price back " Debt and no dividend payment".
UT Uncrossing Trade is when one person sells and another agrees to buy for a agreed price. Rolls Royce has a lot of debt at the moment that's why the share price is more or less static. I did read the other day that one broker gave overweight rating Overweight means they expect the shares to perform better in the future.
Article in the Daily Express today about Rolls Royce and the Nuclear Reactors. May help the share price tomorrow hopefully. Tomorrow maybe a good day to quote Captain Sir Tom
Overweight is a buy recommendation that analysts give to specific stocks. It means that they think the stock will do well over the next 12 months.
Just come across this article in the newspaper.https://www.express.co.uk/news/world/1593042/brexit-news-eu-bt-confidential-data-brussels-ont
Just like Captain Sir Tom use to say "Tomorrow is going to be a good day". I think they will make 1.10p by the close of trade tomorrow.