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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...
RR. has no problem winning business. ..very successful at winning new contracts and developing new technology.
The issue are core operational inefficiencies, and the Turbofan appointment is making much more sense now.
Even winning future contracts will not move this share price until they can generate a healthy profit margin.
This will not be evidenced until year end results for 2023 in February 2024.
Unfortunately it is going to take a long time to right this old lady.
£1 possibly February 2023 if they deliver on results forecast for second half of 2022.
This is a very sad share which I highly underestimated.
The Justice Department investigation initially focused on Hunter Biden's financial and business activities in foreign countries dating to when Joe Biden was vice president (Ukraine and China). But investigators have examined a swath of broader conduct, including whether Hunter Biden and associates violated money laundering, campaign finance, tax and foreign lobbying laws, as well as whether Hunter Biden broke federal firearm and other regulations, multiple sources said. As the investigation has entered its final stages, prosecutors have narrowed their focus to tax and gun-related charges and to whether Joe Biden knew about/facilitated Hunters illegal business activities.
Putin is humiliating the West - the Rouble is doing fantastic.
Biden and Boris were very naive to think the sanctions would hurt Russia.
The world burns 90m barrels of oil per day - it will be decades before this changes regardless of how many silly wind farms we build.
A few of us on this board have been saying for a while - time for the West to make a deal with Putin...concede defeat to the Russian bear.
Zelensky is a US puppert...his head on a plate served with a bottle of Vodka would suffice. Horrible little weasel.
globaluser you should be adding US SAF producers to your portfolio.
Its at the House for vote Friday and Biden is expected to sign over weekend or early next week latest.
Sorry if you are not holding any US SAF producers ;))