Member Info for Kwaker

443 now. That's more like it. Topped up late yesterday so very pleased ! ! !

Which idiot decided to announce the departure of the ceo on the same day as a decent set of results ?

Definitely need a change at the helm as this has been too slow to recover and innovate. Bought more today as it's very cheap but it needs new leadership not one of the clique. Rolls did it and look what has happened there in the last year.

So they had 3 million quid in cash only weeks ago from the petrel sale plus 700k from a recent share issue plus over 2 million from walsall site freehold sale not long ago .......... and they are being liquidated due to not paying the electric bill ??

Seems to me like someone has an agenda and a plan behind the scenes here and if not then wtf have they done with all that money ???

Lets not be under any illusion that Trevor Brown is running this regardless of what title he choses. He is hands on and has a track record that proves that he is absolutely no fool and is very astute when it comes to printing money. He will be in control of every move and he continues to buy more and more shares either himself or through vehicles that are connected to him including recently. Institutional investors are continuing to buy these shares and increase their existing holdings. Again these people do this for a living and will be given access to inside info rather than the heavily edited headlines that we get. The big holders of CMH do not appear to be selling and are often buying more.

Why is he doing this ? The board ( Trevor ) seems to be on a mission to drive down the market capitalisation of this business by whatever means possible and today it stands just over £2m. Furthermore he is using every means possible to pay off existing legacy debts rather than investing in improvements or expansion or even decent sales people.

For me something dont fit and it seems there is a definite agenda at play behind the scenes here. I am reliably told that the Foundries are not as quiet as the RNS makes out and its business as usual on both sites with little sign of cuts to staffing levels except at board level where its long overdue.

It would not surprise me to see this taken out or broken up with either a management or external buyout or Trevor Brown making an offer for the remaining shares that him or his mates do not already own. The only thing I can be sure of is that we will be the last to hear about it.

Cant believe people are moaning because its 150p.
In a year from now you be wishing you had put everything you have into RR at this price for 25% return in a year and maybe more than that.
Literally everything about this share at this price is screaming buy and I have been doing this for nearly 40 years.
Ignore the short term market noise and blips and look at the fundamentals of the business.

Lets hope its .25% tomorrow but I can see .5% given inflation is actually up.

Given how fragile market sentiment is and how low confidence is I can see the market reacting badly whatever they do. Let's hope china can talk some sense into putin because that's what will lift markets. Ukraine like a dark shadow lurking in the background replacing covid as the thing killing confidence.

Still think we will see £2 before christmas here.

The worst is over and it will climb from here back to 160. Fill your boots while it's this low. Just topped up on RR and MnG and IAG and EZY.

All the knee jerk sheep selling today must be mad. This is a business that is fundamentally very undervalued and literally all of the news coming out is good.

Warren Buffet has been piling into the market in the last few days buying cheap shares and not selling. I will be sleeping well this weekend knowing that the short term noise will soon fade away and this will then resume its upwards march to £2 before the year is out.

I can fully understand those banking a profit but this has so much further to run and in a few weeks time today will be seen as a buying opportunity.

RR will likely bounce back strongly on thurs so get in early and watch it climb.
The FTSE has overreacted yet again and dont forget .... he who snoooozes looooses.

Good luck all and hold tight for the ride past 160

I cant agree about the day trading bit.

When a share is as volatile as RR then day trading is part of the fun. If I can make 5% in a day then buy back at a lower price then why not ?

I have traded this for a while with a fair degree of success although I dont always get the timing right. I am a big fan of the business and the products and the prospects it has and are here for the long haul but the is nothing wrong with closing a profit like I did yesterday then buying back in lower when it drops as I have today.

Each to their own and be greedy when others are fearful as someone once said .......... : )

The market is like a casino at the moment and the fundamentals of a business appear to have little effect on share price movements.

However once the noise and the jitters caused by a yank bank have faded and we have a sensible budget instead of the last looney one then this will soon bounce back.

Get in at under 150 while you have the chance because in a few months time you will kick yourself for missing out.

Defence spending is going through the roof. Flying hours are improving all the time.
Mini nukes are the future energy provision.
RR is leading the green transition in aviation.
Airlines are ordering a lot of new planes with RR engines.
The new CEO is driven and motivated unlike the last one who just cut costs and topped up his pension.
Debt is reducing fast.
The business is undervalued and several commentators recognise this.
It's a world class brand with high barriers to entry.
Defence orders are at record levels.
China is reopening.
The new submarine deal is a massive earner.

What's not to like here ! ! ! ! :)

So the yanks have tanked every stock market apart from their own which is actually up.

Now that today's jitters and knee jerk selling has passed we should see a bounce back tomorrow.
I hope so as I piled in today at 144 and took the chance to average down on a couple of others.

Just sold out at 140 with a sizable profit.

Happy days and if it pulls back I will be back in again. I think the market is very unpredictable and experience tells me that when you are well up then lock it in and sit on the sidelines watching for an opportunity.

I am at a loss to understand why IAG is down after some very good numbers ????

Yes I see the 2.4m cash as making a significant difference to the numbers here. The group is already profitable and has 2 sites with record levels of orders. Even the machining facility is now profitable at last. Energy costs are capped. Cost base is significantly reduced and the business is less top heavy than it used to be. Let's hope the cash is used to clear debts and liabilities and build a platform for growth.
I am sure that the board will also be keen to see a return to shareholder dividends as soon as the numbers allow for it. I hope we will finally see some uplift in the valuation soon because the fundamentals of this business are better now than they have ever been and the SP still prices the group at levels below when it was bankrupt years ago ! ! !

Walsall foundry site listed as under offer on Stephen's McBride commercial for £2.4m.

Chuckery road Walsall foundry and head office for the plc.

I have to say that the share price is becoming more resilient.
Let's hope the new guy has more to offer than just cost cutting. Anyone can do that.
Three months ago that speech would have wiped 30p off the price so at least the market now recognises that the business is hugely undervalued based on its fundamentals.
RR is home to some of the best engineering brains in the world and has a brand and portfolio of assets that need managing properly as opposed to just continual cost cutting.
Let's see what he has to offer besides negativity and lowering the share price just when we were starting to gain some traction.

Come back Warren East. All is forgiven. Who is this clown and where did they find him ???

So the board are saying they are considering their options and possibly maybe at some point in the future may or may not move the listing subject to share holders approval which they wont get.

In the meantime the business continues to trade in line with forecasts and is printing money and reducing debt. This is way oversold now so fill your boots and once the sheep have left the building it will bounce back strongly.

In 2018 this share went over 100p and the business was making a loss. Today its turning a profit and it's under 4p. Work that one out ? ?

I dont buy it that Trevor is retiring. People like him never retire and you dont become as wealthy as he is unless you are seriously clever.
I think the rights issues have damaged credibility and the market is taking a long time to see past the long loss making tenure of the last CEO.
I also think selling the land and renting it back smacks of desperation at the heavy castings site.
The business seems to be moving in the right direction and having the directors heavily invested can only be positive even if they are both in their 70s.
I remain convinced that this will be taken out by a competitor or split up into separate companies and the long suffering stakeholders will get some respite from something that is becoming painful to watch.

The sp is up 6% today which proves this is way oversold.
The business has sound fundamentals and is very profitable. It has huge cash reserves and lots of land to develop. Margins are still high and today's numbers are very positive given the recent economic climate
As soon as inflation falls back and interest rates stabilise then come back down this will be back over £20.
The fundamentals of the UK housing market have not changed and demand remains high and home ownership remains the cornerstone of peoples lives.