Tempting but in no rush to buy7 May 2020 11:27
From today's FT: "The Bank of England has forecast that the coronavirus crisis will push the UK economy into a historically large recession, with output dropping 30 per cent in the first half of the year, but it decided not to launch a new stimulus.
In its monetary policy report, the central bank presented rough and ready predictions for the economy, suggesting that output would dip 3 per cent in the first quarter followed by a further 25 per cent fall in the second. This would mean a 30 per cent drop overall in the first half of 2020, the fastest and deepest recession in more than a century.
In a warning to Britain’s banks, the BoE said the contraction would be even deeper and bank losses even greater if they refused to lend to companies, forcing them into bankruptcy."
RR is a tempting buy at these prices and if you were holding for 5 years probably a good entry point. I am not rushing in until some clarity emerges on airlines, bookings and flying hours. Potential game changers....UK Gov orders some RR designed SMRs? Good luck to all who hold RR, I might join you once the trend is upwards.