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In October of last year the share price was in the 60p range. And in October 2020 the share price was down in the 30p range (how I wish I'd bought more then...).
This October it's up in the £2 range so, although bumpy, the overall trend is up.
I did my fundamental analysis before buying a while back and determined that, compared to many companies out there, RR is rock-solid. So, not unduly worried and happy to hold for a while yet. GLA, and have a good weekend all you LTH-ers.
I very rarely post but I do enjoy reading these boards for the good information people kindly make available.
I bought a lot of UFO shares, using cash I could afford to lose. Although I'm now some 80% down with UFO the money has been spent, and what's done is done.
Having said that, the assets are still in the ground and I believe someone will have their eye on them. I've a few years left in me yet so happy to wait and see what happens.
Investor sentiment drives the market. Today the market assesses the value of RR shares at ~71 pence. Do I sell because I believe this company's shares are really worth only that? I don't think so.
We're going into a recession (or we're already in one) and things are likely to get worse. But, what goes around comes around and things will eventually get better. My investment is made and I'm not in a rush - I"m holding.
I've been reading through the comments sections of various other financial sites and, unlike most of the people on this site it appears that many of the posters cannot see the wood for the trees. There's a mass of distractions out there comprising mainly covid and the Russia/Ukraine conflict, true. But one fact remains: Rolls Royce is a quality company with a quality product in demand.
So for me the shorters/hedge funds etc can do their worst but I'm holding and will buy more at this price. I'm no ramper I hasten to add, but currently the RR SP is too good to miss.
My RR portfolio is some 17% down. But my intention was to take advantage of this long-term hold in about 3 years time so, although I'm not exactly happy about the current SP, there's nothing I can do except cross fingers and wait. Wouldn't like to be a day trader with this share though...
Acceptance of one/more of the many Covid vaccines should be by free choice. If you don't accept any of them and die, then bad luck. If you do take one/more of them and die (and thousands have) then again, bad luck. Do your own risk assessment.
None of the vaccines prevent you from catching or spreading Covid so it's up to you.
But I would advise everyone to look at Article 6 of UNESCO's Universal Declaration on Bioethics and Human Rights (http://portal.unesco.org/en/ev.php-URL_ID=31058&URL_DO=DO_TOPIC&URL_SECTION=201.html)
Along with Principle 1 of the Nuremberg Code (downloadable in PDF form from the BMJ library at: https://media.tghn.org/medialibrary/2011/04/BMJ_No_7070_Volume_313_The_Nuremberg_Code.pdf
Take care all
I sold my entire holdings at 4:15 yesterday for 112p per share. I have such faith in this company that I'm looking to reinvest that cash today and, if the SP is at 108 or below, receive a greater number of shares for it.
As all investors know however, it's almost impossible to time the bottom of the SP. I'll see what 14:30 brings....
@RB26 The reason for the sell-off, according to yahoo finance, was inflation fears.
https://uk.finance.yahoo.com/news/ftse-100-european-us-asian-markets-latest-update-inflation-fears-074233789.html
@Dip666 - Great post. There are many of us who, like yourself conduct the due diligence TA & FA) on a company, check the economic calendar, and review high-level global macroeconomics that may affect the share.
There's a great deal of good information available on these BBs - shame about the rampers and de-rampers.
All in my opinion of course - Good luck to you all.
IMHO - Two recent quotes:
Warren Buffett's comment at his recent Berkshire Hathaway shareholder meeting of "We are seeing substantial inflation"
And Janet Yellen's statement today: "Interest rates may have to increase somewhat to keep the economy from overheating" These are upsetting the US markets somewhat.
Energy shares are a great thing to have though....
Thanks Jonny. I've known PIs who have sold their shares in panic then, when the share price later rises, not only to what it was at open, but well beyond, they've been physically sick at the money they've lost.
At the moment my loss is only on paper and, like you I'm confident of the future of this sound company.
A long time ago I learned (along with many other investors) that although the stock market should involve the buying / selling of stocks based solely upon analysis (both fundamental and technical), a large part of those sales / purchases is really based upon sentiment.
Some hedge fund managers make a lot of money, not only by short-selling shares, but also by calling in their favourite tame MSN 'financial reporter' and, without being too specific, denigrate a particular stock's current standing. Careful phrases such as 'the data suggests' and 'my understanding is' and so forth. See some of Ray Dalio's videos - they're quite revealing.
For me, RR is a quality company with enormous potential so I'm quietly buying when I can, knowing that my future returns will be very attractive.
IMHO of course - GLA