Member Info for jarnold231

I'd be surprised if the Saudis/Russians pumped more at this stage. We're at the point where the US is turning a blind eye to the Iranians exporting to China in order to suppress prices. Might see some movement next year if the US applies pressure in the run up to the election, but I wouldn't bet on the Saudi's to budge. They're after $100 to balance the books for building their new toy city.

Published on Sky News:

"Another name to look out for could be Tufan Erganbilgic, a former BP executive, now running the aircraft engine maker Rolls-Royce. Either of those names would go down well with BP shareholders..."

https://news.sky.com/story/bps-looney-was-the-last-of-the-turtles-but-who-could-continue-his-energy-transition-legacy-12960330

Given the exit of Looney at BP, wonder if Tufan is getting a call? Anyone think he'd take it?

Given Tufan's cuckooing of the management with his BP buddies, I now call it Bolls Poyce

"Big investors seek damages from Glencore over ‘untrue statements’ in prospectuses"

Related to earlier bribery case, but a load of institutional investors are suing for making untrue statements and omissions that covered up corrupt activities.

https://www.ft.com/content/6e1e447a-fe5c-49c7-a393-e7e57a1c6ccb

In both IAG and recently bought into Wizz after its price dropped sharply. Live out in the UAE and given the sometime extortionate price of flights back to the UK, I have on a few occasions used Wizz from UAE, quick 2 hr stop in Europe then on to UK. Always book the extra leg room seat and frankly I think its fine for a 5 hour flight. Its obviously not quite as pleasant but think they're on a par with EasyJet and certainly better than RyanAir imo. They seem to have had a bad reputation for cancellations, but all of my flights have been on time.

"If Labour gets into power"

When seems like a more appropriate choice of words.

Respect to you retirement for the profits. Agree with your reasoning, but I do remember you saying a while back that IAG would be £2 before RR :) I'm in IAG and would very much like to see that head above £2, but I'm holding what I've got in RR as I dont need it for a while.

Not putting a buy on it just feels a bit like sour grapes...

210 / 200 respectively. Seems a bit conservative...

I'd guess the A400 engines might be getting a bit of work flying gear to Poland...

Seems like David Perry reiterated 90p/Sell rating today - 3 August.

Be really keen to see some rating agency updates. Fitch last updated 7 days after Nov 22 trading update. Hope there might be some upgrades in the offing.

83% of 2019 seems to be in line with Barclays/UBS/Citi expectations

For those with access: https://www.ft.com/content/926cd391-198e-48ae-a7cb-fdea3e363fe7

TLDR: Wizz want to extend 2026 deadline to give CEO £100m if he gets the SP to £120 to 2028. Other environmental, social and governance targets remain at 2026. Proxy advisers PIRC and ISS are against the scheme calling it "highly excessive" and also recommend shareholders reject the re-election of Barry Eccleston as chair of Wizz's remuneration committee citing "material concerns" about Wizz's practices.

No need to be aggressive, was just speculating.

Been in since Aug 2022, average is 103p. Long enough?

Think the key figure in the 1H Results will be flying hours, if thats above ~84% I think it'll boost the price again.

Wonder if the trading update so close to results was that the information was so good they thought it would leak and they decided to get market sensitive information out before that happened.

Rolls Royce reported a nice trading update today. They only do widebody engines, but I'd suggest its likely to be a positive report from Wizz on 3 Aug. I live in the Middle East and use Wizz to fly back to Europe, and given the price of flights right now, I'd be surprised if I'm the only one.

Guessing the main thing to look for on 3 August is going to be the % 2019 flying hours. Given RR has released this trading update I'm guessing its going to be north of analyst expectations and that could provide another boost.

Have to say I thought my trading app had a malfunction when I looked this morning.

I was expecting an update on 3 Aug - was this trading update scheduled and I missed it, or was it so good they couldn't keep it under wraps and released to the market early?