focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
RE: "Week 22 of consecutive higher lows on both SPX and RR and the consensus estimate from all analysts covering the company is now lifted to £ 447.79 and still climbing.. The next roadblock remains the trible 444 Happy Easter everyone"
This "consensus estimate" is a prediction of where the price will be in 1 year??? Whilst 447.79 is a pleasing figure I would guess that 90% of members of this board would bet a sizeable wad of cash that the SP will be well above 447.79 come March 2025 - Indeed the more bullish amoungst us have the share at over £7 (comfortably). Is this a common fault with forecasts when dealing with shares which have some serious momentum?? Or are 90% of this board unimformed numpties?
Looking at the IG chart suggests to me..... it's moving up. Beyond that I'm struggling. Moving averages are looking wholesome , MACD looking good, RSI is healthy.... I'm going for a cheeky 4.31 (Could really do with Svends expert interpretation of the tea leaves for a more accurate prediction.....)
"Jesus NTC, this £7 by feb is becoming like a BB mantra, I'm even telling my mates that RR will be 7 quid by Feb 🤣🤣"
I try to spread the word but am greeted by redicule with a hint of scepticism and a dusting of bewilderment. I'm surrounded by retirments.....
I think you'll find Boeing is "cheap" for a good reason.....
https://www.bbc.co.uk/news/business-68573686
I'm bored so I did the maths... TheCullinan.. you advised to get into IAG on 29th Feb. IAG closing price on 29th feb was 151.13. RR closing price on 29th Feb was 367.88. The "now" price for both is 173 and 424.7 respectively. This means RR has increased by 15.44% since 29th Feb and IAG has increased by 14.57% since 29th Feb... Therefore RR is just pipping IAG - IAG is certainly on a good run though :-)
I did it for the last (most recent) 20 weeks for a bit of fun retirment. As a long term holder I'm fully aware the SP hasn't always performed as well. I CAN average out whatever I want to. I was merely commenting on what an amazing run Royces has had recently and backing it up with data I worked out. Feel free to go back as far as you like if it makes you feel better retirment - however for the purposes of underlining Royces' amazing current form "I" felt the dataset I used was both relevant and interesting.
I'm in the mood for an announcement to kick this on 40 or 50p. It's staggering that continual gradual rises are almost seen as a given with RR. I'm a long term holder and am holding out for the big bucks when this hits £10 or more.... but I'm wanting a quick fix of excitement.... the fitch upgrade, a narrow body partnership announcement, some smr progress.... just something to give it a decent bump and jump the sp forward.... I know I should be careful what I wish for - the best share I've ever invested in and I just want more :-)
Just realised you were talking 4% per MONTH.... my figures showed an average increase of 6% per WEEK (over the previous 20 weeks....). I'd hate to think what the price would be if that continued for the rest of the year.......
Posted this a week or two back - at the time royces was gaining on average 6.17% per week over the last 20 weeks.... 4% is indeed doable... (£7 starting to look conservative :-))
Just how consistant are Royces I thought to myself.... I'll have a look on IG and find out... So I went on IG and set it to weekly and looked at the % increases.... RR have have positive upward movement every week for the last 20 weeks. The highest gain was 15.32% (W/C 04th December 2023) and the lowest gain was 1.04% (W/C 29th Jan 2024. The average gain over these 20 week has been 6.17%. That is bonkers...
Just looked up the Fitch rating - Most of it could have been written in dutch as far as I'm concerned (I'm not the most technically / accountancy minded person)... however at the bottom they list a number of factors which could (collectively or individually) lead to a further upgrade (listed below)...
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive rating action/upgrade:
Gross debt/EBITDA below 3x
FCF margin above 3%
(Cash flow from operations (CFO) less capex)/total debt above 15%
EBITDA margin above 12%
Factors that could, individually or collectively, lead to negative rating action/downgrade:
Gross debt/EBITDA above 3.5x
FCF margin below 2%
EBITDA margin below 10%
(CFO less capex)/total debt below 10%
I think it's wise to ignore some (Berenberg for instance) - I seriously think the Barclays upgrade was a screw up on their part - Nettles got the nod about an upgrade months ago and he could have got the nod a week or 2 after the upgrade had been decided.... I think they just took their time publishing it??? It's pretty out of whack with how Barclays usually operates. I tend to only agree with the ones who rate RR highly :-)
Are you thinking of Deutsche Bank?
Link below shows the upgrades (in the "news section")
https://uk.marketscreener.com/quote/stock/ROLLS-ROYCE-HOLDINGS-PLC-4004084/consensus/
RE: Hello PEAKDREAD, Type in a Google Search the following poundf.co.uk/rolls- royce .
Thanks Cassandra.... The authors seem to be smoking some strong tea leaves.... :-)
Never seen this site before - I presume it's based on charts? (if it's based on anything at all...)
Thanks again - always good to see a broad prospective of what people think....
When I first heard Nettles talk about £7 a share (and the share price was C£1.30 ish) I thought he was grossly over ambitious. I now think £7 a share is conservative. I'm very intrigued by the "interesting tech" CityTTrader... I've heard of a few things going on at Royces but I imagine your knowledge is proper secret squirrel territory.... Whatever could it be....