focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Another step change with resistance much higher than last week. Many will focus on the slight retrace this morning, but have a look at a 3-6 month view - this moving along nicely, and on positive trajectory as most of us forecasted.
Ollie you have to remember that the world is bigger than Gatwick. RR positioned themselves, from a liquidity perspective, to see this pandemic through to 2022 prior to the news of a vaccine.
If institutional investors are paying 90p plus for half a billion shares I would say the only way is up from here. The exception being if something unexpected drops in but that applies to all companies.
Hey, the outlook could be better than expected and the share price soars on the 11th. As I always say, if we knew for sure, we’d all be millionaires. Reality is, everyone has there own agenda, holders want it to go up and if you’re looking for an entry point you want it to go down. So are you glass half full or glass half empty?
I don’t think the statement will make that much of a difference to be honest. The previous updates were during a time of incredible uncertainty and included too many hypothetical scenarios (“if we get a second wave”). However RI has been successfully completed, all cost cutting has gone to plan, vaccine rollout to begin imminently and travel adapting accordingly. And not to mention all the additional contracts secured between now and then. Just my opinion, we will see. I think we’re good.
It’s an educated guess; although LSE bell rings at 4:40, other markets continue trading RR shares, for example the NYSE. If you have a quick look, you’ll see that the price has been gradually going up since the LSE close ($3.33 to $3.46) - good ‘NYSE ROLLS ROYCE’ and the graph will appear. Yesterday it closed at $3.50 and opened for us at 121p - I’m sure you get the gist of it. With that being said, we can’t factor in what the world brings us between now and 8am so as I said it’s purely a educated guess.