Member Info for Conger2

should have waited another 3 years tbh it will be above £2 by then i think.

My plan of £2.0 to £2.5 in the next 3.5 years or so is still very much on track .....

https://www.hl.co.uk/shares/share-research/202211/rolls-royce-on-track-for-full-year?utm_source=Silverpop&utm_medium=email&utm_campaign=E00RN&utm_content=Share%20research&theSource=E00RN&Override=1&utm_campaign=E00RN_Share%20Research_Update_Holders&utm_source=AdobeCampaign&utm_medium=email&theSource=E00RN&e_cti=1748548&e_ct=T&Override=1&deliveryName=DM54057

And yes I am an experience qualified accountant, but have been running my own Genentech manufacturing company for over 10 years, and used to have eco internet retail business as well by now have an ex-wive! lol

Just by tweaking the accounting policies I think RR could look a very different beast under a new CEO.

With new CEO, they always chuck every just in case liability in the accounts including the kitchen sink, and blame the last CEO during their grace period, but i just don't think there is much to chuck in as RR is so conservatively run. So it this case i think opposite might happen as the new CEO considers unwinding some provisions and liabilities in the balance sheet.

Yes that is point Sophieben you can win or lose by hedging, but the people that offer the hedge are experts and expect to win and make a margin so in the long run they would in theory always cost you more.

With lost of large long term projects and maintenance contracts you expect a lot of work in progress, balanced revenue recognition rules with 100% profit to cash being next to impossible...

RR is being run so conservatively, with very safe accounting policies.

The expectation that cashflow with outstrip profit for years is another indication how conservative the accounting policies in RR are.

They have £2b cash £4b debt net debt £2b and £5.5b in facilities,

Some of that debt is sitting in stock increases, due to supply chain issues, it nice to have seen how much, it is not cash burn, but current asset increase.

It also looks like RR is being very conservatively run, as i suspected, with massive R&D values written off degrading the balance sheet and everything hedged/fixed rated which costs more.

Also landing major contracts B52 / German frigates / Cech Nuke deal but no RNS for them very odd tbh and very conservatively run..

Obvious to me Warren is an engineer very risk adverse and wanting everything buttoned up.

I thought it was very interesting that if and once the fluid is removed, they are hopeful 4 other previously facked zone to start producing again. that could be a major step forward on the well head quantities.

Also as it was 0.5 initially so my though is once the fluid is removed it will be again?

that is the point ... ....to boot, if anyone’s curious, I’m not a Labour voter! We are not!

You are using these boards to promote your politic views all the time just looking at your history of posts shows it so please stop it.

@winstanley .... Stop talking politics on this boards no one cares you hate the Tories and it has nothing to do with RR.

This board is not for you to promote your politics. :(

JV due 2-3 months so I would say end of Jan 2023, i just hope with the low share price they can get the proper value in the JV.

Answered everything tbh.. very positive,

He agreed the company was very under valued and should be worth 100's of millions by compassion to another company further behind it in the same industry.

The flowrate is steadily growing with more to come.

Answered the economics of new wells, all very reassuring.

I can because I have many 5m share holdings...

Yes the MM is pushing it down looking for a trading level and volume, but no one is interested in trading.

Your missing the point if i buy 5m shares this would not rise, yet it has dropped on less sales...

I know all about the company ands have been years.

And why is this dropping no real volume....