Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
To be fair, JP Morgan has never liked RR, god only knows why, but RR keep proving them wrong. Long may it continue. (with the future orders it should do)
Berenberg Bank say £1
JP Morgan say 70p
Here's why I don't trust them,
Shapps said Rolls-Royce has a well advanced program "but it is important to make sure the right technologies are chosen".
Haha what a t*ss*r, They're acknowledging on one hand that RR has the lead, but with the other they're covering their ar*e in case they can get it cheaper and then they'll drop RR without a 2nd thought.
While I am with you 100% in your belief in RR, I'm not quite there with the Government, the shower of Sh*te whoever they are at the time always seem to shaft the UK, Bridges made in other countries and shipped here, Ships made in Germany due to the shipyards here being removed. Coal at one point shipped from abroad when we had an abundance of it. Probably a few more I can't think of off the top of my head, Invest in the UK eh!
As I say, I trust in RR, not the politicians
@Badland - That's 160 with no dividend payment, no confirmed flying hours yet! No SMR contracts. Considering that last week we were back in the 140's I'd say that's a canny shape to be in, it's only for a few more weeks till August results are released, then we'll see what they've got to say.
That sad little man for some reason hates RR, not sure if it's due to them keep proving him wrong or what. They'll do it again this time too, the release of the shares wouldn't of helped RR's case though, even if it is less than 1% dilution, it's still dilution :-(
With the advance orders they have, just have to hope the results in August justify our faith. I believe they will.
GLA DYOR
I genuinely think there will be more demand for them, maybe not the furniture fraction but the food, electrical etc should still fly out, based on the current economy, the average man will look to save where he can & if you can get Heinz or any brand names in there stores cheaper than Asda, Sainsbury's Morrisons etc then they're going to do it. I know we have Lidl & Aldi but we had Netto too, that didn't last long, B&M appears to have made a bigger impact and one of there Superstores close to where I am never seems to be that quite. certainly one for the long term in my opinion. Buy more when it's this low again in my opinion.
Not sure though if there is that much more demand for more discount stores.
We also have poundland and home bargains to compete with.
I think my assessment that the sp was running away with itself a bit was correct, but it went much higher than I thought.
@AquaBert- I totally agree, 9 times out of 10 there's stratagies we will never know of. Keeping price as low as possible till they get their bonus so whomever can buy more shares, holding back figures till Turbo's been in a while to make him look better (even down to his burning platform statement) they knew what would happen when he said something like that. We can only relax in the knowledge we backed the right horse ;-)
There's this bit of positivity too ;-)
https://invezz.com/news/2023/06/19/rolls-royce-share-price-has-a-50-5-upside-as-rare-pattern-forms/
Onwards & upwards GLA
Always the same, honestly doesnr really move till it starts to get close to a season where the ice thaws. I just top up low sell when & if gets to around... . 75-1p it's not for everyone but its made me some over the yrs. Good luck ;-)
Remember when it was a £1 & we were worried, if you bought in early 116 121 your still in paper profit it'll go back up it's just case of how long we have to wait. To be honest i think itll go down a bit more when American markets start. They're just too bloody nervous that lot lol.
Any thoughts on this,?
https://www.thetimes.co.uk/article/rolls-royce-prepares-to-swing-the-axe-on-jobs-phlxmxbnk
Will it create an SP rise or Drop mmmmm?