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@Badland - I said a few weeks ago I could see RR heading back into the 130's maybe even lower, investors pushed up the SP to 160 on sentiment, the good news from the company like orders/restructuring is what is keeping it where it is now around the 150 mark.
Yes they are a great investment but remember it wasn't that long ago they were in real trouble and loaded with huge debt, good chunk of that debt has been paid down by selling off assets, yes good flying times are back but it will take time to get the finances straight...
@MEDI
Yes RR profit has turned for the good but let's be real about the paid down debt, the majority of that is asset sales (ITP Aero etc) or do we call it fire sales to keep the company afloat?
I'm sure we could agree on lots of aspects of RR and as both of us hold/trade its stock then I guess we both want the same thing, big contracts could well be coming RR way but there is lots of water to pass under the bridge before they are confirmed, signed and delivered.
Yes stocks rise and fall on sentiment but at some point hard cash is needed to keep the stock value up, recently the RR SP has gained momentum on good news but it has been over inflated by sentiment buyers which is standard practice especially when markets are flat (which they were up until the bank troubles) RR stood out as a great stock and so it increased with more buyers than sellers, its inevitable there will be a track back (even without the bank troubles) so combined with stormy markets I could see RR heading to the 130's or back in the 120's if this bank crisis gets worse.
That said I can see RR hitting the big £2 this year along with some other big gains in aerospace stock, if and hopefully Russia/Ukraine comes to an end then that will really give markets an up lift..
@MEDI
Not sure why your trying to talk for me in your post? I never said RR should NOT rise more than 10% in a month, I simply said its a very good rise for a months trading/growth which it is, unless you have the mindset of a 17 year old doge coin investor and cant accept anything other than positive days.
"completely ignoring the performance and the financial standing of the company’s in general" - Not at all, even Tufan Erginbilgic said such words as its a burning platform and must transform - “Rolls-Royce has not been performing for a long, long time; it has nothing to do with Covid, let’s be very clear. Covid created a crisis but the issue in hand has nothing to do with it. Given everything I know talking to investors, this is our last chance.” - All this was said at the end of January, yes good news has come and that has thankfully helped the share price but such statements dont get nullified in 6 weeks.
RR was not in the best place as a business before Covid and its a miracle it survived TBH, thankfully it did and we all came out with our stock, Tufan I believe will do a sterling job should the world economies play ball but like all stock investments curve balls come out and blindside markets, its all part of the up and down days/weeks/months..
If you cant accept negative best not get involved in the first place..
While some here gave Josh grief for shorting and he must have been squeaking at times it was always going to correct, you have to remember its was only a few weeks ago it was 109p, even if it drops to 130p thats still a 10% rise over a month which is a darn good return.
Remember it wasn't that long ago RR were in real trouble, yes they have weathered the storm but they still have scars under that make up!
Why would you think that?
22/2/23 they were 109p and by 9/3/23 they touched 160p, a 51p rise in 15 days with no real red candles in that time period which is rare, its due and has always been due a correction, personally I think 125p to 130p is more of a true reflection of where RR is currently at..
I'm with you up until you mentioned £7, nice target to have but thats equal to £21 pre stock split, yes it could get there but half that at 350p is still equal to 1050p in old stock which is a good price for that amount of shares.
Looking at comments there must be a new way of trading I didnt know about, the old way was accepting there will be negative days mixed with some good days, this new way of only accepting upward trends and having a meltdown if we have a negative day looks too stressful for me!
I did say in an earlier post this week the market waters look like a big swell is building, this banking scare could be just a storm in the tea cup if handled correctly or it could really unfold into some very negative downward days, unfortunately banks and financial institutions are like Bitcoin in that they drag everything else down with them, its a shame as RR are releasing good news but its all offset by bad markets..
The waters do feel like there is some big swells building, couple of minor banks bailed out, markets reacting quite negatively and other reports coming out of more financial problems - https://twitter.com/Ross__Hendricks/...1CVCvdeXw&s=19
Regardless of what RR are doing which I think is currently a good job of rebuilding after the covid shock they will get pulled under if negative momentum builds through the markets.
Remember lots of their business is paid for years after contracts are made so the odd engine order is not going to do much for the share price, actually the engine orders are not the money makers its their servicing.
I would really like RR to make a solid recovery and solidify a strong share price but it wouldn't surprise me to see this track back into the 120's, got to remember the shares were cut into 3 not that long back..
Chill...... Its been said before SP does not keep gaining everyday, I have been in RR for years and seen many many ups and downs, its what shares do!
That said I sold all my RR at 150p, I always told myself I would be happy at that number and stuck to my plan, couple of days later they were just under 160p but you cant expect to buy at the bottom at sell at the top.
If they venture into the 130's I'll start getting interested again and if I buy I'll pump in what I sold for so I end up with more shares for the same money..
Got a sell order in for 150p, I always said I would be happy at this number but it seems to be a door that is a struggle to break down, once broken and settled I think it'll breeze up to 153p+ but a fall back of sorts will be on the cards soon.
I'm currently in RR for 95p per share (why didn't I buy more when under 70p!) Nice recovery on so seriously thinking of taking profit and possibly moving into IAG, future flights look promising and to hit record highs so could IAG out perform RR over the next 12 months??
Nice little bonus to the SMR news -
https://www.rolls-royce.com/media/press-releases/2021/09-11-2021-rr-to-deliver-mtu-engines-and-systems-for-key-sectors-of-chinas-industry.aspx
I read the first post, panicked and sold ............... not..
There will be ups and downs but overall RR are trying to lead on this green incentive, simply they know they are in trouble if they don't come up with solutions to fossil fuels, most of their business is creating energy via engines so they need to diversify from the old way of making that energy, its not rocket science or is it?
Flights returning is one bit of good news, but with SMR making mainstream news about an announcement plus other green projects and big investors this is quite hard to know what to do, take some good profits and get back in when sentiment dies down or HODL - Whats your plan??