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"And you even managed to miss the front pages yesterday in your protected bunker. Who makes RN engines, and what is the significance to RR? It's a rhetorical question, chum, but investors that aren't 'out' will get that significance"
You mean the £16Bn additional spend over 4 years for a AI and Space Corps.....Hmmm yes! Thats really pushing RR's SP through the roof. Again - Obviously a few GCSE's short of a Mcdonalds job, I fail to see the significance. Jets dont work in space and Rolls Royce staff havent been persuaded off the picket lines by the news of a few new ships being brought forward with the possibility of Rolls Royce Engines. As for the question "who makes RN engines" - MOD procurement for the type 31 frigates started 2 years ago. I havent seen any announcement that Rolls Royce have a single penny in orders as a result. But as a savvy investor in the know...youre obviously better placed to comment than me in my bunker and the few thousand RR staff on the picket line.
"52weeks high 746p!!
RR fall all the way from that level.
what was the reason? COVID"
RR started to trend down in 2013 when the SP was close to £13..... Its been is sustained down trend wince August 2018.. But dont let the facts get in the way of a good story eh ;-) COVID has simply accelerated the problems RR was suffering.
Hi Tom
I held from £2.20 all the way down and recouped pre RI by buying heavily at around £1. I got out pre RI with a small profit after cradling large paper losses. So consider I was was lucky. I did dabble with a few shares post RI - purely playing on volatility and made a few quid (about £200 in a couple of days - so very small potatoes) I admit to missing out completely on the jump from 70-100 Thats would have been pure luck, and If I had been holding I certainly would have cashed out way too early.
Its a very good question though. I look at my charts and dont see anything other than noise on a very sustained down trend. The RI makes charting a bit more difficult as theres not enough data at the new SP to define levels of support or resistance. £1 seems to be a barrier at the moment - but I have no idea if its a psychological or technical one. If the SP was back at 75p - I wouldnt be looking to buy just yet. Just have a look at the daily charts for the last 2 years and tell me which way the chart is trending.....Its definitely not in the right direction for RR. If I still had a CFD I would be considering a short position to be honest, but with very little certainty either way.
"What’s 6000 new jobs ,16 smr,s numerous vaccines Bad news " - Nope, but quite obviously included in the current SP. So the other 25% increase in SP is going to be due to what exactly?
Not aware of any additional jobs in RR being created despite listening with interest yesterday to the plans for small reactors. And unless Im very much mistaken - The staff at the RR plant in Barnoldswick are all on strike until Christmas Eve protesting job cuts and the outsourcing of their work to the Far East.
If you like foxbat. - Too old for GCSE's but as youre asking 11 O levels, 2 A/O levels, 4 A Levels a 2.1 in Civil Engineering and a 2.2 in Pure mathematics. Chartered member of the Institution of Civil Engineers. No interpersonal behavioural issues to speak of with the exception of a loathing for confrontational idiots on bulletin boards.
Total shareholding in RR = 0 as already stated and no intention of investing in RR unless I see a buy signal. Which I wont. If you are holding RR - and I see that there is no-one who will actually admit to loosing money on this share which I find odd to say the least. Then your rationale for what to do next shouldnt be based on spurious and unfounded claims of massive hikes in share price. Hence the very simple and non confrontational questions in my post. WHY?
Freedom fighter was gracious enough to explain their thoughts on why....You obviously dont seem to have either a) The same manners or b) Any idea why you take offence at the question. Perhaps blind optimism is enough for you to base your investment decisions on?
"Raffles, I don't think he's the sharpest tool in the box"
No. Im not all that sharp. Just a technical trader who has been investing on and off for 15 years - Has made money in the past 6 months on RR purely based on charts and not sentiment. Is a chartered Engineer with 2 degrees and is asking why anyone feels that a company that has just had to undertake a rights issue, made 9000 people redundant and hasnt made a penny in profit for 2 years warrants another 25% hike in an already artificially inflated share price.
Not sharp at all, but I certainly wont be relying on sentiment to inform my share dealing. Been there before and paid teh price. Its a hard lesson to learn, especially when youre a bit dumb like me.
"Xmas for 125 and then 12 months to double your money. IMO"
Based on what?
25% increase from current SP in a month - Why?
100% increase in another 12......Why?
You do realise that it will actually need some good news for RR to see any increase in SP dont you? Perhaps a new order or two might help eh!
"Why would you sell now at 90p when in three months plus time you will be able to sell at 150-200p, use your common sense lol"
Because - If as you state the sp will be £2 youd be mad....right? So answer this one.....why werent people bulk buying at 70p??
Tymers
Are you seriously suggesting that RR's market cap will increase by £6Bn when we start vaccinating?
Why? - If there was news of a massive order for new engines - Then you may have a point. Do you think that would happen?
Ive still got no holding in RR - Way too volatile at the moment, and despite the hikes in sp - this is still charting in the wrong direction to be looking at buying IMO. Im sure a few on here will be spouting a lot of hindsight trades. In reality - If you got lucky this week - well done to all! But luck is all it was! Ask yourself a simple question....has Rolls Royce had any news that would go even half way to making a profit in the next 12 months? A vaccine would just go some way to seeing people back on existing fleets next year. Do you think anyone is going to be ordering new engines any time soon?
"Ratty, you don't support British industry and economy, you wish to destroy it.
Phrontist"
Surely we should leave the propping up of struggling businesses to the government. If youre feeling very Philanthropic then carry on buying to your hearts content!. If youre charting RR then youll realise ist been in a downtrend for at least 6 months. The RI isnt a lifeline that will hike the sp back up to £1 IMO. Its simply a struggling (albeit great British Institution) trying to stave off collapse under an extremely serious global recession brought about by a pandemic. Whatever your view on being a patriot - perhaps a gentle reminder to look after Number 1 and Do your own research is required. Personally I cant re-invest in RR at the moment. The SP is too volatile and the days of day trading a volatile share are long gone for me. To anyone who is stating that the share is cheap right now - Why werent you saying the same thing Pre RI when it was down at the £1 level.?? The SP is what the SP is.....Its always the correct price for the market at any point. Its not too cheap, and its not too expensive....Its volatile but the underlying outlook for RR hasnt changed. Customers arent flocking to their doors right now. Extremely saddening though this may be, the company's forward order books are dire. £2Bn raised from its loyal shareholders isnt something to celebrate. Its a desperate measure at a desperate time.
donotpanic - With enough cash from the RI to stave off collapse, youd think they would be limiting their R&D budgets and concentrating on paying the electric bills! No point speculating on longer term projects if you cant keep the wolf from the door.
Wow - So anywhere between 50p and £1.50......Thats like pinning the tail on a donkey using a blunderbuss filled with pins!
I think you might have it spot on there ;-)
"Perfect time to invest, buy cheap like Goldman did, now they have the extra cash and can correct all this. How much more can go down 10-20-30 %, but going up is more likely like 500-1000-1500 %"
Has magnaman changed his login details?
How much more can it go down? - It can go down to 0p -
No profits, and £2Bn raised from loyal shareholders doesn't go far to cover your overheads when you have 50,000 people on the payroll. You need to realise that nobody undertakes a Rights Issue to cover wages and the electric bills unless they are in dire straits.
"Correct, but, you forgot to mention what does “recover” means. Recover mean going back to all time high (6 pounds post ri). The recover to levels of 3-4 (pre ri) will be in the next month or two (already been there 2 days ago)."
What a complete load of tosh! Rolls Royce has been in a technical downtrend since 2013 and a continuous one since July 2018. It hasnt turned a profit for 2 years - well before Covid. And for info - The blip on the first day of trading - post RI took the SP to 101.6 for all of 10 seconds.........Perhaps just long enough for the computers doing auto trades to realise they had messed up. Irrespective of the volatility, the sp is still trending the same way........Down. I dont need to justify the above points - anyone with charting capability on their platform can confirm this easily enough.
Isnt this forum supposed to be about support?
Taking pleasure in anyones losses, irrespective of who they are isnt nice. Magmanus represents a lot of investors who may not be as vocal, but are also loosing. Think of these people and how they are feeling!
Not really - I was aware that they charge by the hour - to be honest I did think they sold the engines as well. In either event - RR's short term future isnt rosy as the sp is clearly showing.
iknownuffin.
What makes you sure the price will go up? The trend on RR has been the complete opposite for the last 8 months and there is absolutely nothing sitting on, over or anywhere near the horizon to confirm that. Even if Covid ended tomorrow, RR wont be supplying engines for planes any time soon. Theres a glut of aircraft sat on the tarmac all over the world, and all airlines will be severely financially impacted for a few years to come so wont be splashing out on new fleets. You might get a bit of government intervention in the likes of some warships to be built but for RR - very unfortunately the future doesnt look very bright unless they can hang on for a couple of years - not 6 months They are raising cash to pay the electric bills at the moment. Thats not to say that the SP wont provide some good buying opportunities, but it would be foolhardy to become emotionally attached to the company. Personally I trade the charts - not the company, and I dont see any reversal in trend for RR at present. Thats said - I will likely have a cheeky dip in the water come Monday if the SP is anywhere around the 70p mark.
Might be even cheaper tomorrow - I cant see a last minute buying spree......
Mrmojorisin - Yes - You have a seperate pot of shares that you have a right to buy at 32p. They arent yours until you buy them or you can let the rights lapse.
Rights Issue - In simple speak is Milking your loyal shareholders for cash.
You wish!!