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I see that but I dont class it as a gap on the daily charts as yesterdays low was 70.2
Gaps in daily charts - Yes agree with you - They will always be filled.
Its a stretch to be looking at 5 min charts and predicting gaps.........
Mrmojorisin.
Your dealing platform should have explained what happens with an RI.....
They will set up a separate account with the rights accrued from your holding. At 32p this will be showing a healthy profit - but you have options with how and what you do with them. I use IG and they explain it quite clearly on their help pages. You dont own the shares until you buy them at 32p i.e exercise your rights..... If you do nothing, the pot will be sold on the open market and you will get some cash back....Your original holding at £1.80 will still be at £1.80 and looking pretty unhealthy but you will have some cash in the pot.
poleaxe
I do indeed remember them as well as Ferranti, Seddon Atkinson, British Leyland, ICI, etc etc. All considered too big to fail. And where are they now? Again, not having much other than a passing interest in RR I really couldnt predict a closing SP for the end of this week. And for that reason I personally wont be dabbling until next week. It would be nice to see RR as a company that was performing well - I have friends whos portfolio averages were up in the £5 region a few months ago who will be holding until they retire. Been there - done it all before.
I use simple maths - Im getting too old to do anything else.....If I was holding 3 shares last week at £2.20 (which lets face it, was pretty much the high), and I had my RI shares at 32p.......Id have an average share price in new money of 75.4p.... Last week Id have been buying shares at the £1.80 mark with a bit of trepidation.... £1.80 would equate to 66.1p today. Using the same rationale an SP today of £1 would relate back to a pre RI SP of £3.27. Current SP at the time of writing is 76.86 - This equates to a pre RI price of £2.26......
If its of any interest - Fitch have just downgraded Boeing to BBB. Not sure how that will affect RR - Any thoughts?
If not happy sell and go... this is buy ...
Did that yesterday thanks very much! If youre recommending a buy then at least put forward a reason for that.... Not saying you are wrong, but you should be looking at the fundamentals of the company. I recall the same kind of chat about HMV whilst I sat there and shorted it into the ground. Great British Company.....Much to established to fail.....Holds a special place in everyone's heart.... These are emotional ties and not reasons to buy.
"So why the heck is down 30% from yesterday"
Probably the same reason its down from £7 in February.......Global Pandemic, Nobody flying, lack of confidence, no new orders. Yesterday was down to volatility - It happens during RI's If you scroll back on your charts a few years - exactly the same thing happened to RBS share price when they did their RI. The real question is - Why you seem to be buying, ramping, misinforming etc when youre asking such basic questions as the one above!
its not under valued its pretty much where it was pre RI - The rise in SP to £2+ had already factored in the additional capital the RI would raise. If you can explain why you consider the SP to be undervalued then share some insight as the rest of the investment world seems to be missing your point magmanus.
Presumably youre in good form because you are now up???
My maths is pretty good but if as you say you put £50K in yesterday - I wouldnt be crowing if I was you.
If you admit that your strategy involves catching falling knives then Id be impressed.
arms99 I did the same but saw it getting close to £1 and thought it was time to bail back out. Im not the right person to tell you where RR will be going, but today is probably just consolidation of the SP and hopefully just a settling down. RR dont usually interest me that much. Last time I bought into them heavily was after the engine on a quantas jet exploded - That was about 2011 from memory. If youre building a diverse portfolio than the volatility shouldnt really be a worry to you. To be fair - My portfolio is not very diverse and isnt all that healthy. The only advice I can offer is as stated before.....DYOR and whatever you do....Do NOT follow buy or sell recommendations on a share chat site. Whilst the majority of posters are helpful, there are some market makers who will post misleadingly to try and influence (fleece) investors out of their hard earned cash. The best tool I find for looking at share prices is fibbo retracements - but you must do your own research as they are simply a tool and usually work best in hindsight! Good luck!
Ive only recently git back into share dealing matlot. But used to be very very heavy on CFD's. I was a regular poster on iii. I lost a fortune by having a couple £10 per pip long bets on the FTSE the day of the Japan Earthquake. Thats when I started to look at the psychology of trading. I think Richard Farleys book is a very good starting point. It explains the rational of riding on 50% losses whilst being happy to bank 2% profits. Very useful information and a timely reminder to anyone to make your trades disciplined. Set stop losses, cover volatility with shorts or simply buy and turn off the laptop for a month or so most importantly - trust nobody on share chat sites ;-)
arms are you holding under a CFD? Possibly protect your position with a covering short? At least youll sleep better. If you look at the volume of trades, it seems quite low hence the volatility. I wonder how many auto trades are trying to recalculate support and resistance levels?
If you want a possible bottom - try 0p - But youd have to assume the govt wont step in and rescue them. They are haemorrhaging cash and will be for some time to come unless they pick up some meaty orders.
The SP dropped (Pre RI) to a bottom of around £1. Whilst this may have been a false state of affairs - I dint think there was mass buying at that level, so the market didnt see that as being overly pessimistic. Working that back to the SP now, That would be around 47p I think.
magmanus - Ive been watching your posts. Luckily Im now out of RR. I sold pre RI - just clearing a very very small profit after averaging down from £3+ (Lowest buy was at 116 hence why I managed a profit). I bought in first thing yesterday purely out of interest and managed to do a very swift sale with 20% profit. My volume was tentative - Literally cleared £250 profit!
I consider my trading history with RR as a very very lucky escape - having sat on enormous(for me) losses earlier in Sept and Oct.
My trades were based on a similar sentiment - Its a great company etc.... And I was lucky to get out. Im unsure who youre trying to convince with your comments......Yourself probably! I do enough research to know when somebody is panicking, and sorry to say it, but you seem like one of those who will be here one minute and then trying to explain to the missis why shes shopping at Aldi from now on. If you look at the fundamentals - RR have not suddenly gained a huge order, they are struggling....Why would you consider that the SP should be anything more than 75p? Which would (if my maths is any good) equivalent to £2.20 Pre RI. Absolutely nothing has changed on the order books. I will keep my powder dry and will look to start (tentative) buying at this level. I dont have £200K to play with. (I very much doubt you do either) but the decision to buy will be mine and mine alone. Why you feel the need to try and persuade others to follow what quite frankly is a risky strategy is beyond me. Perhaps Misery loves company? If youre not making cash - its no reason to tempt others into teh same boat. On the other hand if youve any genuine insight to justify your trades, Im sure all on here would appreciate the analysis.
Guys Whats going on with RR? Im within 3p of my average having bought all the way down.....Why the sudden rise? I dont see any news and RR, unless they get a bail out (never mind the rI) are in serious trouble. I see they are in auction at the moment.