Member Info for Grayling

Hence the drop. payment is 23.9p

Broken!

He is also defending his own position of avoiding Oil/Gas/Mining sector stocks in his own funds, so his views are not a huge surprise.

"I believe that both BP and Royal Dutch Shell have unsustainable dividends that are being financed by a combination of debt and asset disposal. In effect, these companies are liquidating themselves rather than facing up to the need for a dividend cut. The only thing that can save them from that eventuality, in my opinion, is a return to sustainably higher oil prices – something that I think is very unlikely to happen." He does admit that this is a "contrarian view".

"I believe that both BP and Royal Dutch Shell have unsustainable dividends that are being financed by a combination of debt and asset disposal. In effect, these companies are liquidating themselves rather than facing up to the need for a dividend cut. The only thing that can save them from that eventuality, in my opinion, is a return to sustainably higher oil prices – something that I think is very unlikely to happen." He does admit that this is a "contrarian view".

Engine manufacturer Rolls-Royce is to introduce a new maintenance system for users of its TotalCare aftermarket maintenance and support program. Two years ago, the UK-based company opened an operational center at its Derby headquarters to oversee maintenance activities worldwide. RR has now deployed that expertise in five regions: Asia-Pacific, Greater China, Middle East and Africa, Europe and the Americas. It is now replacing the central operational center with a new “availability center” in Derby that will have an oversight role over the five deployed teams. Meanwhile, the company is putting the final touches to a new cooperative arrangement with Boeing to maintain low-cost carrier Norwegian’s Boeing 787s. The airline has signed up with Boeing’s GoldCare aftercare program, while Rolls-Royce’s TotalCare has been assigned the responsibility for the aircraft’s Trent engines.

Bought in the oil price slump, this is now the top gain in my portfolio. I also have BP (bought in post-Macondo) and that has been a steady earner as well as the divi has compounded up nicely.

Oh well we are all slaves to the DOW this week as the reaction to the great man's total failure to even persuade his own party to vote through his healthcare reforms echoes round the markets. That, and zero progress on the the wall the Mexicans are never going to pay for, casts doubt on other aspects of the programme such as tax reform and infrastructure renewal. More fool them for falling for a triumph of populist style over real ability and substance. Take away his twittter account and you would hardly know he existed, a sad reflection of our times.

Ian Cowie went through a list of his shares that had made big gains trying to pick those to sell and take profits. His top contender was Fevertree which he had tipped at £2.10 in 2015. He made a good case for not selling, saying that although FEVR had shot up in price since he bought in, he felt there was a lot more to come from the company and that he was happy to hold.

From the "the Engineer" on how exporting COs like RR whose revenues are booked in USD can cope with the weak pound. Consensus of the poll conducted was that 52% of those surveyed believed that the correct approach was " a focus on quality will ensure continued success in business," which fits the RR strategy to a T. Full article at https://www.theengineer.co.uk/this-weeks-poll-rolls-royce-and-the-weak-pound/

oscillating! The markets are probably waiting for windbag Trump's repeal of Obamacare to be voted on across the pond.

There will be a few who bought in at the intraday lows over the past three days and will be selling for a quick profit. Fine and should shake out fairly quickly. I think we have seen the end of the ever upward trajectory though and growth may be at a more "normal" and steady pace from now on, with the odd bump along the way just to make it interesting..

about £850K worth of late sells after the normal auction UT. Hopefully sanity will return tomorrow, but I would not bank on it!

Last time I was in a school was aged 18 which tells you two things (well three actually)...I will leave you to work out what they are. However, I do spend a lot of me time fly fishing these days and it involves a hellish amount of travelling, hence the moniker!

Abacus: Not that I take much notice of brokers, but the "out of date" note you refer to was actually published March 20th. OK it was a reiteration of "underweight" but as pointed out they did lower their price target on the stock further. As for QE I have no desire to run RR down, after all they pay my old dears pension and long may that continue. As for the corruption issue in India this could not be more current as taken from Times of India March 20th. Ignore this stuff if you will, but it is both current and highly relevant.

Another opportunity to top up or time to get out with the winnings?

The Indian Central Bureau of Investigation (CBI) should register a criminal case against Rolls-Royce and its middlemen for paying kickbacks to secure Indian defence deals. “Now that it has been confirmed by the Court in London that Rolls did make illegal payments to intermediaries/agents while entering into defence contracts with India, it is imperative that an independent investigation is conducted in India to find out who were the beneficiaries so that consequent legal action can be taken against them".

Not unexpected on the day before results are announced. May be another this afternoon

So you did and it may go lower, my mistake looking at delayed trades!

"bought £6000 at £14.10" Really? On an intraday low of 14.43p that is some feat! There is a £6K trade at 10.28am but not at that price!