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Once this takes off this will be in 125-135 range in a few weeks or days. Year end could be 200+ if travel is fully open. I’ve seen so many shares stay stuck for a long time and suddenly take off. I’ve had 3 months of frustration with Lloyds in 30s but now it’s 50. Everyone thought that it won’t rise because people book profit with every 1p rise. But it did. RR will have its day soon. It may only takes 2-3 good days to move to 125 from here.
Patience will be rewarded.
Any start of international travel is a good news. Will be small steps at a time. Market does not expect fully open aviation in May. I expect RR at 110+ on news of international travel starting in May.
Not many would want to buy a stock if the owners themselves are trying to come out of it by selling their stake. They have been given bad advice. Timing is also bad. They should have waited for Covid recovery to be over.
Funny that when price is down we get all sorts of negative posts. The moment it goes upwards of 115, the sentiment changes positive and talks of 3LRR and 5LRR. This will be volatile imo in the 100-125 range. Right now we are the bottom of the range. Let’s hope this is 110 by next week. It already touched 108 just a few days back so won’t need a miracle to be 110 in the next few days.
Wondering why the directors did not sell their stake in one go to another bidder or private equity, considering they want to exit the business. Why did they not wait for Covid recovery to be over and sp back at 140 to realise a better value? There is something more to this company or the directors are being given bad advice. Or they simply don’t care about the company. Very frustrating. I reduced some of my holdings at 92. Although I think this will be back to 100 within a month.
Really bad day for me as I have significant holding in this and nex as well. Hope tomorrow is a better day and we see some recovery from here. Quite opposing broker views from Hsbc and Deutsch Bank today. Some uncertainty but I think patience will pay. My expectation is 140-150 by end of the year. Good luck to all holding this.
The owners plan to reduce the holdings in a 10 year period by then they would be 88 and 77. So nothing wrong with the planning. Should be back up to £1 if not by tomorrow then in the next few days imo.