RE: People need to be more considerate02 Oct 2020 15:31
You are right it's the governments over reaction that has caused this mess, not the company fault or shareholders fault for making poor decisions just plain bad luck for something hardly anyone would legislate for. But then the company has mislead investors a bit too with the RIand been over zealous with it too at our expense
RE: Sorry guys... I hope you were able to get some out...01 Oct 2020 17:29
I sold too at 119p from 354p a loss of £14950 Ouch!! Had better days. The dilution is huge at 32p. Shareholders shafted here big time. Warren East reckons enough liquidity to cover a worst case scenario??? JPM reckon not???? Who knows how long this covid19 will drag on?? Warren East doesn't know for sure that's one thing I know! Good luck all.
JPM have always been negative about RR but I hate to admit have this time been relatively accurate and they saying this ain't overland a 2nd rights issue on the cards. By taking up the rights issue you are increasing your exposure to still an uncertain future. Testing and vaccines could give us the break we need in 2021 but then again will this just drag on a bit longer than 2021?
I make it 57.5% ( 7 day average) to same time last year and the graph shows a comparison now between 2019 and 2020 and you can clearly see the gap narrowing and with these 15 min tests hopefully being adopted this could accelerate somewhat. https://www.flightradar24.com/data/statistics
Yes this situation will become more widespread going forward for sure , more airlines, airports, governments will adopt this policy and testing kits will slowly achieve a better accuracy percentage. This is the way forward for sure for this industry. I just hope governments around the world can agree on something mutual and stop pretending their standards are better than the next country.
Would normally agree with that position but when you consider the Power Systems and Defence branches of the business together are worth more than double the current SP alone you have to see that things are overdone here. Flights are picking up revenue picking up slowly I admit, cost savings implemented, vaccines and testing strengthening and China domestically have flights back up to pre-covid19 levels already so it can be done. And still RR have enough cash for now and burn rate reducing every day that passes