RE: Instead...5 Jul 2023 21:47
Badlands mate, you need to sell up.
It's been pointed out to you numerous times why RR doesn't shoot up on good news, but I'll explain (again):
1) Retail shares of RR is around 17% - you're doing a bit of RRx3 so I'm not even sure they are concrete purchases, therefore;
2) Market shares to be bought by Pensions and Hedges are around 80%
Now, if you get the fact that retailers (us here) will buy and sell of good/bad news, you will see no difference in the share price.
And if you also understand that the (2) sector WILL get involved once divs and a decent balance sheet are presented, then you should understand us retailers are onto a winner.
It's basic economics mate - the LTH here know the divs will come soon and we'll ride the back of the hedges/pensions when this gets to a true value of 7bln (in my humble opinion).
I've told you this before, but you seem adamant on getting instant returns? Bare it out till Feb 2025 (as I've been saying for 4 years now! and you'll get that £7 a share).
If you can't wait that long, or you don't wish to understand basic percentage ownership, then put everything on Red mate (or Black).
This share isn't for you.