George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
RR has to report profit... For this to happen government must stop with the second economy destruction wave agenda... Remember your clueless politicians next time you vote, people! Clueless as if there is no good example (Sweden) how not to bring the economy to its knees.
I went in quite late... but it turned out to be still way too early:DDD Now me to gonna listen to my own advice and wait not just for any "good news" but for actual trend reversal on 20 period daily MA . For this imo RR need to report the first quarterly profit.
Jef or Elon could buy RR with their petty cash -at these prices, a world leader in the aerospace is a sure bargain (cheaper than Ocado). Government bailout will not happen - all they can do is wait till WHO will allow all governments collectively to say " this coronavirus is everywhere anyway so why the hell we should allow economical suicide program to continue?" All travelling restrictions makes 0 nil impact on the virus which is spread everywhere.
So get your popcorn - reduce your average and enjoy it.
"much earlier and implemented measures - protection and lock downs earlier they would not be in the mess they are."
People still failing to understand that these implemented measures failed to work: covid19 is everywhere anyway and going to stay as one of the many seasonal viruses. We should get back to normal lifes ASAP. Learn from Sweden - they did messed the econmy with pointless lockdowns and result - same as everwhere... seasonal flu viruses on rise right now everywhere and testing is showing rise in postive results but with minimal hospitalisations. Countrys with tough pointles measures wasted the whole summer wearing masks in public places, instead sharing virus and gaining imunity without any symptoms: this is going to bite back those with underlying health conditions who should self isolate till vaccines delivered.
You still will have opportunity to buy ... till around when vaccines delivered around EU and US
As for me, I bought in too early, but I always did as far I can remember and made a profit . RR will not disappear, planes will be replaced by trains. I am buying to reduce my average and still have plenty of cash .
Going long is the only way for me at these SP levels... nobody likes to see numbers in red ( unless you short) but this is a super good time to invest for min 6-8 month term or longer for a much better reward. And yes, the price might be dumped even lover - bloodthirsty JP morgans valuating SP almost to zero as if the company going to bankrupt or as it was some oil exploration company that can't find any oil: DDD - Rolls Royce is not in such a situation, nowhere near.
Even with Boris and Cummings wet dream of "selling UK arse to US" becoming a reality RR will thrive as soon planes will fly. GOOD WEEKEND EVERYONE!
CCC credit score makes no big impact on SP which is at record lows already of a company like RR... nobody in this industry making a profit right now. And RR drastically making required reforms - adopting to this and future pandemics.
Let us wait for US market to open and see if they will dump this SP to new decade record lows. I'm looking to reduce my average every 10-20pence price movement depending on volatility.
At this time only hedge funds are dumping SP of RR in order to buy back cheaper... RR has cash for another 18 months to survive without making a profit. The minute vaccines are ordered by governments, all of us will book holiday flights to compensate for lost summer... This is when V or U reversal will happen. But till then RR is exposed to beating and SP can indeed reach the eye-watering 1.50 region, for what I have my cash ready.
And it is still a legitimate business; modify virus, spread around the globe then "create" vaccine and sell to the governments. And although most of us refuse the jab while gaining immunity naturally, those vaccines are still sold per capita and later destroyed unused. Conspiracy aside, vaccines already available, as you said, and the second wave is turning into a puff. Still the "pandemic panic" was sold successfully and U-turn we should expect once vaccines are delivered. Till then rigged test statistics continue and clueless gov. officials must trust the "experts" on PHARMA payroll. RR shares will rocket any time from February till late summer I guess but till then the only way is down and sideways.
Consolidation before a dump most likely. No reason for SP to go up and 5-6 reasons to go down. And we know that SP goes the opposite direction to mass sentiment ( currently 97% of positions are long). But what matters most is the sentiment of probably 1% of clients - those hedge funds and pension funds exc.
Well for a lot of us it is an opportunity to reduce the average portfolio price of RR holdings... Personally I have enough and although it is tempting to buy more at this price, there are no signs of the bottom yet. HODL it is.
I wait for :
weekly trend reversal for long term buy.
20day trend reversal for medium to short buy on leverage.
As this is not my day job, I do not take part in " slingshotting . " or how you call it.