Looking fwd14 Sep 2020 07:59
Unfortunately the truth is RR has a lot of contracts that have been deferred with Airbus and Boeing for years to come.. your not putting off a new jet orders this year or in 6 months...it’s years away from delivery, so thats going to have an impact on the revenue that jet starts to bring in for RR
I am totally behind the company and it will not fail as it’s got its hands in all pies, 60m new best facility in derby which the government invested in and has done the correct things to come through this pandemic... so I’m confident in it’s future (not mentioning marine, nuclear, land power etc etc)
But a quick turn arounds to £5 people say is not going to happen I’m afraid so a SP drift down may happen
Im Fully behind the company but it continues to be a long road back to the £5 area and above