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Casa has nothing to be quiet about. He was right. He was so right that anyone who didn't listen to him is down nearly 50%.
A few percent increase after a 50pc decrease is laughable ego.
I hope this share goes up because alot of you PIs could use it. Fine fellows deserving of some luck.
I sold out at 145. Would like to be in at lower prices if possible.
Just came across this fresh article: 15 minutes old:
https://www.ft.com/content/771e600c-07c9-48dc-89ed-d5ff010c2edf
it alludes to a non full underwriting. Does this mean that all the rights might not be exercised and the 2 billion may not be raised?
It's been a VERY choppy stock. Constant jumps up and downs like this. This is a new low, but there has been an overall downward trend so that is expected. It really comes down to patience i think. Longs will likely be rewarded, but of course, in the short term, likely not. The company has alot of liquidity now so that buys them plenty of time. The contracts for services aren't going anywhere, and i suspect there will be some extra contracts required due to planes sitting there when they are designed not to. Lots of replacement parts.
As the airline industry fell today, it has alot of knock on effects to this stock, but as another user said.. how often has RR got pretty low and not bounced back very quickly? Not in the last six months.
Can anyone explain or point me to references that show the reasons why rolls royce is losing so much money?
Obviously the flights are not happening as much pre covid, but when i check links like
https://www.flightradar24.com/data/statistics
It seems that the number of flight hours would be only a little less than pre covid. Why is the flight hours which give money to RR so low if the flight number appears to be near the same? Are those bad stats? Does anyone have better ones?
Ah casa. Now you are entitled to your opinion amd I've supported in the past with it... but no need to be purposefully disrespectful to others. Always behave with class.
It won't affect anyones profit.
https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-rolls-royce-to-bb-outlook-negative-07-08-2020
I have two tranches, 10k each at 262 and 250. Seemed like a good deal a month ago. It could still end up being a good deal.
However, More rating agencies and more big existing investors are leaving. I think im likely possessing less information and expertise than they are, so i decided to sell out tomorrow. Hopefully it stays the same price now so i can break even roughly.
Everyone that is leaving is saying they foresee more cash outflows than cash incoming. Even after restructuring.. so if i stay, my share of the company will be worth less over time because of the losing cash. I think it makes more sense to wait on the side lines for a year or so. Maybe even the the dilution happen, then in the future, purchase then when all the pain has been dealt.
I dont mind missing a 10 or 15pc increase. If it shows a steady increase, it will have many years to recover and continue its growth. So it makes sense risk wise to wait for that moment I think.
No victory for me here, but i'm glad i didnt lose anything. Wish all you long term holders the absolute best. I hope the balance sheet issues recover within a year, and i hope to join you all soon during a recovery in a couple of years. Best of luck to you all.
There seems to be a pattern than the last 2-3 hours are always recovering whatever down it had that day. Why is that? Is that people buying at the dip? Is that shorts closing their position? Or is it just a random mix of things
it might happen :D Looking good
was this the reason for the strong rebound today?
Another partner ship?
https://www.bloomberg.com/news/articles/2020-08-03/virgin-galactic-signs-rolls-royce-deal-to-develop-mach-3-plane
Was delighted to see such a strong upward trend at the end of the day. Got me back most of the scary losses from today. That brought be far more losses than i was expecting when i bought it a few weeks ago.
Hopefully it keeps a bit of momentum tomorrow. Though if it drops below 200 like Cas said. i'd probably try average down.
Well its a sizeable savings you made because of that decision.
Worst case scenario is you could buy in again at 255. It was a very strong line of support n there is lots of liquidity in this stock so easy to get back in whenever.
Congrats on the savings u made!
Im nursing a 15percent loss.
We are approaching the final stages of vaccine n with Russia rolling out its own to so many. There will be extra pressure on the west to do it quickly.
Given flight numbers are bounced so fast (not that I think its a good idea). The SP highly deflated due to company liabilities n cash bleeding. They'll likely need a dilution to keep going and given the general SP.. I could see that price going lower than 220 since by September...its hardly much of a discount.. and the discounted price will need to consider the post diluted state of the share proportion and value.
Would you as an investor agree to a 220 price if you were bringing in a billion?..i wouldn't. 200 maybe.
I thought the voices of 100 to 200 were waaayyyyyy to crazy 2 weeks ago..but.. it seems its much closer to that then not right now. Ill be down about 25 to 30 percent at 200... :(
I thi k they tendered for it with 2 others contestants. I think they still have to win it? I'm not sure what criteria RR are ahead on and behind. Its good they have other aircraft serviced because its offers the US Miltary economies of scale.
that sale was a sad end to our day. It sets a new bottom with scary volume.
Down about 15pc overall now. Looks like that sub 200..is so much closer than I thought it would be. Scary price.
Would these shares from a seller go straight to a private buyer?
The flight numbers are very good giving the situation. People are still going on holidays etc.
I'm a little surprised that airline prices are so deflated given that we are all pretty confident that this is a 'short' term event, with multiple vaccines on rapid development.
When was the last time we even heard the question 'what if no vaccine works?'.. Doesnt happen anymore.
Luckily we dont even have to wait until the vaccine is public, it will mostly bounce back up on phase 3 trial releases
I was a bit nervous seeing a fall in price yesterday because i thought 253 was a strong bottom. I picked up 20% extra a 244 yesterday. Would prefer if it didnt fall but thats ok. SP spends 99% above 244 so should be safe enough in the short term.
I dont paticulaly like the selling of aero dept though. I know they need cash, but i dont want a smaller company.
if the suggested price is 200 to 220?
Would that immediately bring the stock price down to that since thats what the company is valuing/selling the shares at?
Some people will be able to buy more, but that still means the value at that time is approx that price?
I bought 10k on yesterdays dip at 254, but i dont think i could buy more.
The charts predict nothing of the sort. Nothing has changed in this company in a decade.
Conroy is barely allowed out at the moment. All activity has stopped.
No applications are made for digging. No partners are in discussion. Every year they release hype then dilute share holders and use the new money to fund a life style for another year.
I've been around this company since skier1, goheavy, days etc.
Its a con of a company (pun welcomed!).
Taught me alot though. Taught me a very common type of scam on LSE. People who have not invested here yet would be very wise to study the history. Its very common on LSE. Well worth learning your lesson free of charge. I lost about 3k overall. Very lucky. Managed to sell my shares a couple of dilutions back on a bounce (lasted 2 days)
what platform are the rest of you using to get them?
degiro wont let me buy any shares, does anyone know why? Visa shares work ok.
I dont want to miss out
oh yes, i forgot about ADVFN BB. Ill give it a read. Always a fun thing catching up on this stock. Yeah i read through the RNS yesterday and was surprised by what I was seeing , the court case, and the further dilution. So it's moved as far as people wanting Rid of the Professor. Very interesting. I accepted many of goheavys views on him/the take away lifestyle this company has been paying many of those directors for. Same RnS every year now for many many years. 11p! wow, that was after that consolidation when the SP got so low they couldnt legally dilute further. Trying to put it into my head at old money prices. 2.1p was my buy in. it went as low as 0.6/8 i think. so in those terms it hit 0.1 or 0.2 pre consolitdation price. Wow. That is some serious loss. There was always alot of hoping for a merger but it never seemed to happen. I see there is no word of it being discussed at any of the RNS. That is sad. I liked this story alot, gold in ireland! what was not to like! :) I had a good bit of luck with Visa and Just Eat, so sitting on those still right now. Happy with my choice. I was getting hammered here trying to trade :) Best of luck to you Kev4. Hope this share turns around of course. Could even see myself back in it one day :)
Hello Folks. I used to be active on this board about 2-3 years ago. I spent a couple of years trading/investing in this company. Kev, if i may say my hellos to you! I remember reading your useful posts many times. I lost 90% of my money here, but luckily a quick ramp up happened, I sold out and broke nearly even. the last time i checked in, there was a massive consolidation of shares, because they legally couldnt issue more as the price was less than 1p. So they consolidated, then did it. I believe that was start of 2016. Would that be correct by my understanding of the graph? Am i correctly interpreting that the price is currently about the same, about 10% lower? Would this be accurate? I dont think there was any more consolidations/splits, but i see there was a recent issuance again? The RNS seem to be the same as they were a few years ago. Lots of potential etc, but nothing implemented yet. I see some new money found its way in. 150k from new investors. Hope this goes well for everyone invested. I like to keep tabs on it as it was always a special investment as it was my first. I see nothing from goheavy anymore. He was very interesting, and very informative in many ways.