RE: SP Catalysts (& stop with the meaningless IMHO price chat)23 Feb 2024 09:40
I wasn't suggesting timescales for any of my points - yes, debt should be paid off as a priority, no, dividens probably won't happen in the short term (however it is stated goal (from the CMD)) - however, debt reduction, smr's, bbb rating and dividends should all have movement within the next year which should affect the SP. Re-entry into the narrow body market is a stated goal - however the timing is a little fuzzy - it will depend on a variety of factors - some of which are outside of RR's control. And yes, I know the SMR "money" is very long term however if RR are awarded a sizeable chunk (if not all) of the Govts SMR contract this will undoubtedly affect the SP. What I'm trying to say that despite the results being positive and lifting the SP it's quite staggering what is still to come in the reasonably short term which should positively affect the SP and thrust it towards a notional £7 (and Q possibly beyond).... To me, the real surprise about the results was the lack of "surprise" - just good old boring solid figures which are moving in the right direction.