The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of 20p each
GB00B63H8491
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£2.9486
43,000
This director dealing gave me a huge vote of confidence!
It’s not a massive amount but it clearly indicates confidence @ 2.94 I would assume they will be looking to double their money! IMHO DYOR etc
21-Dec-23 19-Dec-23 Buy Paulo Cesar de Souza e Silva 294.86 GBX 43,000 43,000
The firm's analysis projects that if these trends continue, Rolls-Royce's mid-term target for 2027, aiming for 120-130% of the 2019 EFH levels, appears increasingly achievable. The data used in Citi's assessment was derived from their engine monitor report, which was published on the same day and highlighted the performance of Rolls-Royce's widebody cycles.
Investors and stakeholders in Rolls-Royce are likely to watch closely as the company presents its full-year results later this month, which will provide further insights into the company's financial health and its ability to meet the projected growth targets in the coming years.
InvestingPro Insights
Rolls-Royce Holdings Plc (OTC:RYCEY) has been a topic of interest among investors, particularly with the upcoming full-year 2023 results. As Citi maintains a bullish stance on the company, recent data from InvestingPro provides additional insights into the company's financial performance and market position.
InvestingPro Data indicates a substantial market capitalization of $32.69 billion USD, reflecting the company's significant presence in the industry. The P/E ratio stands at a moderate 16.88, suggesting that the stock is reasonably valued in relation to its earnings. Notably, the company has experienced impressive revenue growth over the last twelve months as of Q2 2023, with a 32.46% increase, which supports Citi's optimism regarding the company's growth trajectory.
Among the InvestingPro Tips, it's highlighted that Rolls-Royce is expected to see net income growth this year, which aligns with Citi's projections of increased Engine Flight Hours. Additionally, the company's role as a prominent player in the Aerospace & Defense industry cannot be understated, especially as it demonstrates strong returns over the last three months and a large price uptick over the past six months
Maybe Tufan was referring to this opportunity?
https://breakingdefense.com/2024/02/army-cancels-fara-helicopter-program-makes-other-cuts-in-major-aviation-shakeup/