Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Looks like two funds decided to exit / decrease this share , i'm guessing thats what drove this down.
One is Oakmark (link below) and the other is Harris Associates L.P.who owns 2.97%
(7,307,793 shares at £245.5m) they reduced their holding by -40.86% or 0.35% of total RR shares.
https://finance.yahoo.com/news/why-oakmark-global-fund-fully-172334148.html
PLUS POINTS
Trading at 59.1% below our estimate of its fair value
Earnings are forecast to grow 89.72% per year
RISK ANALYSIS
Shareholders have been substantially diluted in the past year
Negative shareholders equity
Has less than 1 year of cash runway
https://simplywall.st/stocks/gb/capital-goods/lse-rr./rolls-royce-holdings-shares?blueprint=1590578&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=yahoo#executive-summary
What kind of investor owns rolls royce : 85.4 % are institutional while 13.3% are the general public.
https://finance.yahoo.com/news/kind-shareholders-own-rolls-royce-053111592.html
I am - given the posts here.
People talking about how bad things are (read some of the posts - RR and the world all in trouble) and still have the time to type on this chat board. Makes you wonder - are you having a laugh. :-)
From one of my previous posts: Rolls-Royce is working to transform its business and is exiting several businesses. The company had an order backlog of 53.7 billion pounds (almost $75 billion) in its 2020 annual report. The order backlog is over three times its 2019 revenues. To put that in perspective, the company’s market capitalization is around $12 billion, while its net debt was 3.6 billion pounds at the end of 2020. This would mean an EV of around $17 billion.
I hope people realise that at some point herd immunity will be reached, you get covid - you either recover at which point you are immune, or you die (Better treatments etc.. is bringing the mortality rates down as well).
I really don't understand all this gloom and doom about the end of the world as we know it and it will take years for things to return to normal etc.... Things are opening up and travel will recover.
My point is RR is poised for the recovery, with orders books filled at multiples of the company value and planes waiting to fly. Why the doom and gloom?
Rolls-Royce is working to transform its business and is exiting several businesses. The company had an order backlog of 53.7 billion pounds (almost $75 billion) in its 2020 annual report. The order backlog is over three times its 2019 revenues. To put that in perspective, the company’s market capitalization is around $12 billion, while its net debt was 3.6 billion pounds (almost $5 billion) at the end of 2020. This would mean an EV of around $17 billion.
Overall, the valuation multiples look comfortable given the huge order book. While RYCEY stock is out of favor with markets currently, it might bounce back when the aviation industry sees better days.
IATA Travel Pass app that has been developed to manage health credentials digitally.
“Its first full implementation trial is focused on Singapore, where the government has already announced that it will accept health certificates through the app. This will be an essential consideration for all governments when they are ready to relink their economies with the world through air travel”.
Until governments provide clarity on air travel, demand will not recover as people / businesses (including myself) will not make plans . According to IATA’s director general, two key components for an efficient restart of travel need to be urgently progressed:
– the development of global standards for digital COVID-19 test and/or vaccination certificates
– government agreement to accept certificates digitally
Looks like progress being made on both, interesting times ahead.
https://news.gtp.gr/2021/04/12/air-travel-february-showed-no-indication-of-recovery-from-covid-19/
Air freight traffic has returned to pre-pandemic levels, the International Air Transport Association stated.
Give it a couple of months and we will all be flying out for a holiday, just a matter of time before passenger travel gets back to normal.
https://techxplore.com/news/2021-03-air-cargo-traffic-recovers-pre-pandemic.html
RR holds around 18% of the air engine market share (RR makes engines for widebody aircraft like the the A330, A340, A350, A380, 777, and 787). That's 1/5 of all planes flying long haul and there are only 2 other competitors. Not sure how the statement this is a worthless business holds true for you but with all the other avenues of business, travel restrictions lifting etc.. I think we are in for a good ride with the share price over the next two years,
https://simpleflying.com/ge-rolls-royce-pratt-whitney/