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@ retirement
Last year, when RR. was trading around £1.00 and IAG was about £1.50. I remember you saying that IAG will reach £2.20 well before RR. Now, a year on. IAG is £1.48 and RR. is £3.28.
So, keep dreaming if you think IAG will double your money from £1.50 to £3.00
You have a better chance from your LLOYDS to make you money than IAG.
This is how the Stock market works
"HSBC full-year profit jumps 78% " SP drops 7% :-)
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HSBC is down because of the hefty impairment charge of $3bn from its stake in China's Bank of Communications and missing expectation of pre-tax profit of $30.3bn against $34.1bn.
HSBC operation can not be compared to RR. and the market reactions will be different too.
What happened to Natwest Group Yesterday, might happen to RR. Next Thursday. One has to be pay attention to the MM as how they play the game. Natwest closing price on Thursday was 214.30. The final results was released yesterday at 7:00 am and the bank has made the highest profit since the global financial crisis in 2007.
Yet to the surprise of the investors, the SP opened at 207.00 with 3.5% fall and gradually recovering and finishing at 229.50 with 7% rise on the day.
NatWest names permanent boss and unveils highest yearly profit since 2007
The banking group revealed an operating pre-tax profit of £6.2 billion over 2023, higher than analysts had estimated and the highest profit since just before the global financial crisis in 2007.
https://www.msn.com/en-gb/money/other/natwest-names-permanent-boss-and-unveils-highest-yearly-profit-since-2007/ar-BB1imL2Z
LLOYD'S share price will be trading around 65p just before the election this year. This is a vote winner for the conservative party. The stock market will rise very sharply this year due to elections in UK and US.
The stock market is generally down across the board and LLOYDS is not the only. There is a disruption to the oil flow by the Iranian and Houthis of Yemen and the oil price is up by about 2.5% today. For more information please read the following articles.
Iran seizes oil tanker St Nikolas near Oman - reports
https://www.bbc.co.uk/news/world-middle-east-67948119
https://oilprice.com/
The stock market is generally down across the board and RR. is not the only. There is a disruption to the oil flow by the Iranian and Houthis of Yemen and the oil price is up by about 2.5% today. For more information please read the following articles.
Iran seizes oil tanker St Nikolas near Oman - reports
https://www.bbc.co.uk/news/world-middle-east-67948119
https://oilprice.com/
Boeing shares slide 8% in premarket trading after FAA grounds dozens of 737 Max 9s
https://www.cnbc.com/2024/01/08/ba-shares-boeing-stock-slide-8percent-in-premarket-trading-after-faa-grounds-737-max-9s.html
@ investintheknow
Please note that Red_ inky has always been right with his short and long term predictions.
A few years ago, he gave his predictions about the share price as per following:
The share price will be trading in the range of 20p to £20 in the next 3 years.
The shares will only go up and down and will not go left and right.
Over the next 100 years, the share price will be trading in the range of zero pence to £1,000,000 per share.
Now, can you find any faults with such a prediction?
There is NO IF or But, RR. share price will be above £2.5 mainly due to strategic review which will be released in November 2023 and above £3.20 by the end of next year when we had the election in UK and US. I hope Trump will run for the candidacy of US president just to heat up the election atmosphere. All the economic data will be presented in such a way as to hide the weakness of the economy and the stock market will rise to a new level that we have not seen before. RR. and LLOYDS banks are vote winner for the conservative party and they will rise in due course. Take these two dates into consideration when you decide to sell your golden RR. shares.
David H Perry admits that he has made a mistake about pricing RR.
JPMorgan analysts David H Perry and Alessandro Rossi Polvara cited the firm’s pricing power for their upgrade on Monday. “We had been very skeptical that Rolls-Royce would be able to raise its prices so significantly, but it appears we were mistaken,” they wrote in a note to clients.
https://uk.finance.yahoo.com/news/rolls-royce-free-sell-ratings-100829280.html
For your info: The closing price is 206.50
https://www.marketscreener.com/quote/stock/ROLLS-ROYCE-HOLDINGS-PLC-4004084/
Rolls-Royce profits surge on global travel rebound
Tufan Erginbilgic, who launched a turnaround programme when he took over as chief executive at the start of the year, said that despite the “good progress,” there was still a “lot more to do”. The rate of improvements, he added, were always higher earlier in the plan.
https://www.ft.com/content/4ee987b0-8c07-4eaa-9da3-7d076cbe197c