RE: doubling in a year ?24 Mar 2022 12:25
Why is everyone blaming the war? Look at BAE and other defense stocks its flying, look at energy stocks they are flying.
Even airline stocks are flying higher that RR.
As far as goverments are concerned covid is over, full return to flying.
Defense spending is going up
Nuclear is hot topic atm, energy stocks are high
I'm not sure what everyone is waiting for, I think the real issue, the only one I can put this down to is inflation and the size of RR debt levels.
And inflation looks not to ease towards end of the year at the earliest.
So as far as RR is concerned... what other cards can they pull out? Even FTSE is flat on the year so we are been sold off on ftse rises.
If ftse has a pullback (it's currently on a high rise) I'm not sure from recent SP movement that it will be bought to stabilise against a falling ftse.
I don't know where this is going now... but people need to be careful and manage risks with the information we have now.