Member Info for Dinoken

Trading Update ? Rubbish. This is a recycled mission statement.

Go with current trading resistance level 2 of 886 (resistance 1 is 874) - leading up to half year report. Thereafter ? Providing no massive provisions for engine degradation problems, with support from £/$, would expect 900+. Otherwise, the floor is the limit.

barchid - 120 ? You pessimist ! Have you looked at the chart and technical indicators recently ? It will be 130 by next week. Chart is heading north and there is not one negative indicator at the moment, most technical indicators are bullish or very bullish (%Williams, OBV, EMM. MM, Bolinger (indicator not champagne)). IMO we are in the summer bull run which peaks mid August. But where is the peak, that is the question. Technically, Resistance 1 is at 221 with Resistance 2 at 152. If Pitcher & Piano is flogged off, think we are talking Resistance 2.
Back to the question of third pint glasses. Tried it last night with half pints but it was the worst 15 minutes of my life - cannot get the hang of drinking such small volumes - and reverted to having pints instead. Much better ...

Keller’s geotechnical construction businesses in North America are joining together as one unified company, and rebranding to Keller, effective January 1, 2020. Operating as one company offering all products and services is expected to appeal to clients with projects that involve multiple techniques.
Sounds like a good idea - but sp does not agree ...

120 - not me - yet …
Talking to US brewer from Texas who seemed to think the UK should take a leaf out of their book and instead of just selling pints - that UK pubs should start selling flights of beer. Each glass in flight is about 1/3 pint, flight has 5-6 glasses. Very popular in USA. Must admit, idea of a flight of Marston's is very appealing with 61 deep, hobgob gold, brakspears, hobgob ruby, pedigree, etc et al. Damn, just thinking about it is a good idea ...

PFC following it up.

Not the famous song, not today's horoscope prediction ! Something more interesting which RBS may participate in.

Apparently, RBS has held talks with Facebook about its new cryptocurrency Libra and is exploring ways it could possibly work on the project !!! Must admit to being amazed that RBS is being so forward thinking - did not think they had it in them.

Facebook have announced plans to launch a new global cryptocurrency, called Libra, in 2020 (assume July 2020), hoping it will help 1.7 billion people globally who are stuck outside of the banking system to access financial services.

Facebook will build products for the cryptocurrency via a new business unit called Calibra.

Simplistically, my understanding is that unlike other crapocurrencies like s*itcoin, Libra will be more stable by being based on a basket of global currencies including sterling.

Hope something comes of this initiative.

Nice to see RR investing in the future.
First R&D test-bed facility dedicated to helping UK manufacturing develop digital solutions has been opened in South Yorkshire. Consortium led by Rolls-Royce and Accenture collaborated with Sheffield Uni to develop a connected facility that will de-risk investment in digital technologies, part of the govmnt Made Smarter initiative.

Nice to see RR getting MOD contract to maintain the Type 23 Frigate engines for UK and NATO partner vessels. Would have expected a bit of a sp rise but guess it was already factored in.

Adastra - agree with you about AI.
Daughter tells me that TPG should use it (AI) to choose who to buy ! I was laughing at that until she pointed me in direction of Daily Mail where there is an article about 'The Trending Store' fashion boutique in Westfield shopping centre London. It only stocks the top 100 trending pieces on social media having trawled data from 4000000 influencers in 1000 cities. OK, defence firms do not trend on social media but the general idea of assessing targets via AI seems very sound. In addition, AI prospects extend well beyond TPG's defence credentials.

Rumour rumour surfaced in of all places the Mail On Sunday. Got one free when shopping with girlfriend in Waitrose and glanced at City pages. Surprised to read that Marston's have engaged Sapient to flog Pitcher & Piano chain of 30 pubs for 30mill, having bought them in 1996 for 20mill. If this goes through, it will certainly help reduce debt and give sp a boost.
In addition, Marston's have stockpiled 6mill of Manuel's favorite lager for Brexit. Way Boris is going, this might be a good call. Actually, its Estrella not Fosters.

ABLE - RBS is a special case in terms of excess capital on its balance sheet. In fact, it is the only company on the FSTE All Share with as big an excess as TPG - which was a surprise to me - hence my comparison in earlier note. RBS has an absurd percentage of capital set aside to ride out the next financial meltdown. It has also benefited from paying off its legacy problems, getting rid of risky assets (Alawa Bank), and new PPI claims end this month. Latest data I saw did not include any exposure to Italian Bonds which although risky, are underwritten by the EEC.

Back to TPG. Was in Portsmouth last week looking at Type 23 Frigate that had just docked. Next day, hear that MOD have awarded RR contract to maintain engines on all Type 23's in service in UK and overseas, and that RR are subcontracting work to RWG. Shame TPG did not buyout or buy stake in RWG - IMO.

Having said that, the strategy of buying into AI is good news. Apart from defence and manufacturing applications, it is being used more and more throughout business and e-commerce so the recent purchases should easily enhance earnings.

Rgds

SonofRobin - tried to calculate out the size of any special divi on a beer mat and came up with complete guesstimate - 10+p per share covered several times. Time to buy.

Able - agree that there are big problems with banks - but you must admit - RBS has the same problem as TPG - struggling with how to effectively deploy zillions of pounds of excess capital on its balance sheet !!! As RBS keeps piling up equity, the harder it is to deliver the 12% ROC promised, so buyback or big special dividend expected - no kidding.
What will TPG do ? They also have the option of buying something that will boost earnings, but with markets at their peak - does this make sense ? Recommend they employ their artificial intelligence to come up with the correct investment decision which is a maiden divi IMO.

Q2 is Friday 2nd August.
Interesting article on Reuters couple of days ago about RBS struggling with an unfamiliar dilemma: how to effectively deploy billions of pounds of excess capital on its balance sheet !
Seems buybacks are on hold awaiting possible new chancellor in few weeks time who might decide that current sp does not make selling its shares seem good value. Even labour have back pedalled from more alarmist comments and are currently saying no sales unless good value.
In brief, as RBS keep piling up equity, the harder it is to deliver the 12% ROE promised, so buyback or big special dividend expected.

Yup - time to trade. Fast stochastic says Teddy exhausted and turning signal confirmed. Slow stochastic says Teddy exhausted but no turning signal yet.

Corbyn in power is the way to bet, but then, lets face it, that was the situation in Oz before their last election which resulted in a Conservative government that confounded the local pundits. Even if he gets in, he is committed to the EU noose around his neck effectively preventing him from pulling his own strings.

Heard down pub that Toy Story's famous star is reinventing himself as a booze, fags and drugs fund manager - all high yield. IMO - puts GSK on menu, along with IMB, BATS, MARS, GNK et al

Just back from few days away and pleased to see MARS now officially in : FTSE 250,FTSE MID 250 (ex IT),FTSE 350,FTSE 350 High Yield,FTSE 350 (ex IT).
Share price ticking up nicely.
While down pub last week was told that getting into the 350 would open fund manager doors with a particular Fund Manager mentioned. Off to watch Toy Story 4 ...

Wow - great article. Sensible plan to cut debt and boost cash generation. Recommendation Buy. Excellent stuff.