Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
August 5th
https://www.derbytelegraph.co.uk/news/derby-news/rolls-royce-workers-derby-start-7410136
July but has been going a while now
https://www.bbc.co.uk/news/uk-england-lancashire-57888048
It's a tough game and I've made many a mistake. RR should come good considering where we are in the recovery phase.
TA isn't perfect like everything else but it does highlight short term probability. That's why I use those lower indicators. Individual shares can be tricky with TA due news events and instant volatility.
I normally trade the FTSE 100 ETF ISF.L in an ISA. Set the same settings I've posted above. Look closely at the period July to September. Indicators are hitting the top as early as mid July. Sell you would think but there's no curling down action and the indicators simply roll on. That 10 day SMA line also keeps you in the game until late August. This happens often with individual stocks and TA becomes tricky. You always need at least two types of indicators to keep you onside. That's why I use the 10 day SMA as a guide. Calling the bottom many times I just buy at the extremes of the Slow Stochastic and Williams %R. You've got to get in somewhere and if it's cheaper then job done. I'm no TA expert btw just my set up that's all.
https://stockcharts.com/h-sc/ui?s=ISF.L
Set a 10 day SMA simple moving average. RSI , Slow Stochastic and Williams%R in the lower indicators. 10 day SMA is a guide and price now below. Wait until lower indicators are oversold until next buy. Load the chart to 1 year. Some decent buying and selling points in there. Somebody posted a buy around 80p the other day and was disappointed . I never buy until indicators are showing a curling action from the bottom and sell same at the top. Wouldn't have it any other way to be honest. If you want to hold long term that's fine but you need to understand the nature of the game. Takes years really. It's all about the US, inflation , interest rates, slowdowns and stock valuations now. Could be a long wait for returns if you're not a trader.
https://stockcharts.com/h-sc/ui?s=RR.L
Hard to tell what it does ? Forecasts have pencilled in this cash sale when you look at the blue shaded areas. Under Balance Sheet Analysis look at Net Debt. 2021 £5.1bn and 2022 £3.5bn. If it hadn't happened 2022 forecasts onwards would have been readjusted.
https://www.marketscreener.com/quote/stock/ROLLS-ROYCE-HOLDINGS-PLC-4004084/financials/
Just had a quick look and there's loads with poor chart patterns which are getting dumped. Look at the lows earlier this year.
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=VOD:LSE
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=TSCO:LSE
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=MKS:LSE
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=DNLM:LSE
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=RMG:LSE
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=ABF:LSE
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=BT.A:LSE
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=BDEV:LSE
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=JDW:LSE
So not just RR
https://markets.investorschronicle.co.uk/data/equities/tearsheet/charts?s=RR.:LSE
More than likely it has broken this years support level of 78p since May. It's been trying long enough and profit forecasts aren't getting any better despite new orders which take time to filter through as profit.
Then set the chart to All and it's struggled for decades. The only time anybody or LTHolders made anything was a sort term window from 2005-2015. Been a disaster since not just this year realistically. Great products buy not a share you should buy without research. Ex worker and shareholder here. Current price will be old 2.40p ??
https://tradingeconomics.com/rr:ln
Well I've seen £2.50 and £7 posted on here so it'll have to be "rikki don't lose that number "
Great news that orders are flowing but they're needed just to stand still . That's always been the case . When I worked there years ago Trent orders were huge but it didn't always move the share price.
Now if orders were lifting the profit margins overnight then the SP would rocket but they aren't. RR has a regular turnover of £10-15 bn . That's a lot of orders
Recently the company stated air travel would return to 2019 levels in 2024. two years later than expected.
Profits and estimates have been downgraded since. Figures below are 1p EPS 2022 , 4p EPS 2023 and 7p 2024. Last year forecasts were 9p EPS in 2023 so now half that. The company is sticking with forward guidance statement so they aren't disputing the broker forecasts ? Just taking longer.
https://www.marketscreener.com/quote/stock/ROLLS-ROYCE-HOLDINGS-PLC-4004084/financials/
Brent back down to February levels now..
https://tradingeconomics.com/commodity/brent-crude-oil
Frightening this mind. Switch it off and buy a fleece.. !!!!
https://tradingeconomics.com/commodity/uk-natural-gas
Simple set up with technical indicators below. Remove the moving averages and set 10 day simple MA. Leave the RSI indicator on the chart which is above the chart you see. Add in Slow Stochastic and Williams%R from the lower indicators. Remove MACD. You'll be set with 10 day MA and three indicators Stoch RSI and Williams. High indicators are short term overbought and low indicators oversold. There's a clear link to see with price and the indicators. All depends if you trade short term or LTH. I use this set up BTW.
https://stockcharts.com/h-sc/ui?s=RR.L
More tea leaves from that 50% retrace article. Probably came from this guy as he highlighted the same situation on the SP500 in 2020 covid crash. New video August 12th.
https://www.youtube.com/watch?v=K3Va-GXcwng
Could be wrong but the FTSE isn't following the US. Maybe they know it's overbought short term ?
https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p27848000232&a=226295345&listNum=1
Us inflation figure Wednesday . I doubt they're taking long positions. Shorters below but not a great amount ?
https://www.shorttracker.co.uk/
Big rally since June and tea leaves suggest consolidation. All indicators on the top . Look at indicators when they are on the top and bottom . RSI, Stoch, MACD, So what's more likely short term ?
https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p27848000232&a=226295345&listNum=1
We'll have a new poster then...Ergbil12345..
Come on lads let's get this above 95p !!!!
Trade RR if you want nothing wrong in that , even I do it. Longer term it is going to take time and now with news of world slowdown we can only wait and see.
What's coming out of these regular updates is the recovery time in flying hours is taking so much longer. Take the link below from 2021 at the end it says.
https://www.thenationalnews.com/business/aviation/rolls-royce-plunges-into-the-red-with-4-billion-loss-for-2020-1.1182309
"Looking ahead to 2022, Rolls-Royce expects flying hours to be at 80 per cent of normal levels, down from an earlier forecast of 90 per cent."
Nowhere near as of yesterdays update..
"The engineer’s financial results for the first half showed contracted flight hours in its civil aerospace business had only recovered 60% from pre-pandemic levels thus far and are not expected to recover fully until 2024."
https://www.proactiveinvestors.co.uk/companies/news/989282/can-broken-rolls-royce-be-fixed-989282.html
Like it or not this is why brokers and analysts downgrade future earnings. Take the link below where sales are forecast to increase but earnings aren't . Forecasts for 2022,2023, 2024 are just 1p EPS ,5p then 7p. Forecast 2023 EPS was 8-9p last year. Way down.
https://www.marketscreener.com/quote/stock/ROLLS-ROYCE-HOLDINGS-PLC-4004084/financials/
That's it really , trade them or simply hold for a few years.
Link for NET DEBT.
https://www.marketscreener.com/quote/stock/ROLLS-ROYCE-HOLDINGS-PLC-4004084/financials/
Scroll down to Balance Sheet Analysis and NET DEBT is shown as £5.1bn in 2021 and forecast at £3.8bn in 2022. Figure for 2022 assumes the ITP sale will go through. Why would there be a £1.3bn difference. It appears to be factored in to estimates. Will there be a reaction if and when it happens who knows ?
https://www.marketscreener.com/quote/stock/ROLLS-ROYCE-HOLDINGS-PLC-4004084/consensus/
From the same link EPS forecast is just 2p in 2022 so a long way to go. 2023 and 2024 forecasts are much better at 4p and 7p. EPS 7p would be a P/E of 13 in two years. Fair value unless there's improvement and much can happen as we know.
On the Lower Indicators set RSI , Slow Stochastic and Williams%R . Just sayin. It's played out reasonably well this year.
https://stockcharts.com/h-sc/ui?s=RR.L
Broker positive about update..
https://www.proactiveinvestors.co.uk/companies/news/986677/rolls-royce-to-hit-guidance-in-first-half-says-jefferies-986677.html
Or underpants looking at some of the posts..