RE: Views on the RNS?20 May 2020 09:32
When I was working at RR as a contractor in Derby back in 2018 they announced 4500 redundancies the SP went up to around £14.00. Though this time it's very much different and I can't see this sp recovering to £7.00 -£8.00 for two or three years ? It's being speculated that the company may end up needing a government bail out? I wouldn't like to bet that the interest of PI's would be high on the agenda if it ever came to that.
I've bought into this share twice now, annoyingly at the top of a tranche to just see it gradualy drop. I'm sitting on a 45% loss so it's the long game for me.