Member Info for jarnold231

@Retirement_Plan - having driven between AD and Dubai just yesterday I can assure you that it is filled with Lexus LS430's a nano metre from you bumper and Nissan Patrols merging without looking.

Define "oversold"

Well I used it as an opportunity to buy more

Short positive write up in Bloomberg: https://www.bloomberg.com/news/articles/2024-11-07/rolls-royce-reiterates-2024-guidance-amid-supply-chain-woes

In my experience the RNS system is faster than the RR website

Sorry if this is a repost, but I'd missed this interview of Tufan by McKinsey.

https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/reinventing-rolls-royce-a-conversation-with-ceo-tufan-erginbilgic

1) Israel's strike on Iran is likely in the next week (my guess is early Saturday morning once US markets have closed) - deployment of the THAAD system in Israel by the US suggests it will be a fairly significant strike most probably targeting missile launch bases, missile production facilities (US would be in favour of those given Iran is also supplying Russia for use in Ukraine). Given Netanyahu's statement that Israel wont target oil or nuclear sites it would appear he's going to leave those as potential escalatory paths for Israel if Iran decides to respond. The US sent a clear warning overnight hitting Houthi targets with B2 bombers - the message being entirely for Tehran's benefit, so - like others - I doubt that Iran is going to respond unless either side makes a serious mistake.

2) On the US election I'm in the too close to call camp, but interesting research out from Pew showing that the majority of Americans (and the rest of us) dont think Trump will concede so I think a period of volatility is almost certain regardless of the result. Might be worth getting some VIX November contracts...

I'd be open to something like EEE - (fits with a load of of stocks I've put RR money into that are in the critical minerals space) but seems to be pretty illiquid.

* I'm not sure that you can say that

I'm not sure you can say that

In today's FT: World’s biggest banks pledge support for nuclear power

https://www.ft.com/content/96aa8d1a-bbf1-4b35-8680-d1fef36ef067

Surely if an increasing number of country's are picking RR for their SMR's then Rolls cost basis is improving relative to the competitors and that should only be a good thing for the UK and other bids. Of course it would also mean that the queue is getting longer...

Ratings agencies going to investment grade is whats needed now. Fitch and S&P are just into investment grade. Moodys are still one notch below. Uplifts in these should have a positive impact given the ~70% of RR held by institutions.

Moodys - March 2024: BA1 (positive outlook)

Fitch - March 2024: BBB- (positive outlook))

S&P - March 2024: BBB-/A-3 (positive outlook)

Thanks for sharing, always worth keeping an eye on these things

Apologies if already posted, but good piece in the FT over the weekend.

Free link for the first 3: https://on.ft.com/3SCelDM

Link if you already have the FT: https://on.ft.com/3LOlmxP

JP Morgan's David Perry has reiterated his buy rating (after being late to the party) but has his target price at GBX475... current price is what GBX497 - so he reckons buy now and hold for a year and lose 4.4% have I got that right? Can I have a job in The City?

https://uk.marketscreener.com/quote/stock/ROLLS-ROYCE-HOLDINGS-PLC-4004084/news/ROLLS-ROYCE-Buy-rating-from-JP-Morgan-47528988/

RR website: "With revenues over £5bn in 2018, the USA is our largest market today. We manufacture many of our engines for the US military in Indianapolis and employ more than 7,000 people across North America, with over 60 facilities across 27 U.S. states."

RR is in part US made.

In today's FT: "Meloni seeks to bring nuclear power back to Italy" - https://www.ft.com/content/a726934b-ba97-4e2c-b60d-e24a227a416f

Includes comment on SMR: "Environment and energy security minister Gilberto Pichetto Fratin told the Financial Times that Rome plans to introduce legislation to enable investments in small modular nuclear reactors which could be operational within 10 years."

There are 3x Qantas A380s (*believe Qantas have the Trent 900 versions) sat on the tarmac at Abu Dhabi airport undergoing a cabin refit.

Seeing as everyone is in election mood, I was wondering what people's thoughts are on a different election; i.e. US election and specifically its impact on US stocks. I've begun selling out of US positions as my thinking is that the summer is normally quiet on the market and that come Autumn people will start of take account of the uncertainty and risk in the market from both Trump and Biden/whoever is there instead of Biden. Theres been quite a lot of chatter about the US being at risk of Trump causing a Liz Truss moment if he comes into power and thinks he can cut taxes at the same scale again.