Catalysts11 Oct 2020 14:38
There are way too much catalysts for this to have another great week.
You would think IAG SP is battered right? But RR is way more battered by IAG, even as it stands now. With the RI, and additional investments/contracts etc... it places RR at a very comfortable position (financially) better than IAG. Essentially, for RR to catchup to IAG's level of loss - SP needs to be at 270. Factoring in the positive energy and future, then this should even go beyond IAG's level and perhaps enter the 300?
The Big boys will look to protect their investments (which was why the sovereign wealth talks were called off), we all know the banks pushed it to 16 years low, we do not know how far they will push it back up - Another potential catalyst is the USA stimulus talk, if anything remotely get approved for airlines, USA airline stocks will rally and RR usually follows that rally as well. Then there is vaccine news before USA elections.
Just too many moving parts, overall its clear that there is some positive sentiments and shorters looking for 10p/20p might as well just forget it now? or we shall see, but I am bullish as always on this one