Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Totally agree, especially given SP levels when RI was announced. RR are now in a position to ride this out given the vaccine breakthrough and are operating leaner than ever before.
A few potential positive bumps:
1) Vaccine sign off and roll-out
2) Government nuclear power stations project (worth billions if secured)
3) Sale of ITP (improving liquidity)
4) Airport rapid testing and reduced quarantine
4) Surge in holiday bookings due to pent up demand (this will be huge and bookings will start to hit books in the next few months for spring/summer)
And that’s not including all the other contracts in the pipeline and ever improving performance of defence sector.
Only way this significantly drops or fails to recover is if vaccine rollout takes longer than planned or turns out to be a dud (highly unlikely).
As always, DYOR.
I think it’ll eventually settle around 135p-150p (on the basis that we don’t see a big sell off on 12th). But who really knows - if you told me last week the share price would of 137p this week I would have laughed at you. Lots of interest in RR at this price.
Comparing Dow and FTSE is like comparing apples with pears - Dow hitting all time highs however FTSE trajectory has been much more cautions and reactive to market sentiment. Tomorrow will set the tone for week ahead IMO.
Agree, I think a steady rise to 135-150 is achievable. Sale of ITP and vaccine roll out should give it a bump along the way. RR put themselves in a position to ride this out until 2022 - today’s vaccine breakthrough removes any ambiguity that we’ll be well and truly on the road to recovery by then.