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RR Big Order? Airbus Backlogs Priority, CEO11 Jan 2024 23:01

Awaiting Airbus Orders for RR. Christian Scherer, who in January stepped up from the top sales job to become Airbus CEO of commercial aircraft, the core plane making business at Airbus, said aviation had recovered faster than expected from the COVID-19 pandemic.

Demand for wide-body jets was rebounding particularly sharply, he said, adding in a statement: "Travel is back and there is serious momentum".

He added that making up for the backlog quickly was a priority for the European planemaker.

"The responsibility is to live up to this commitment to deliver a backlog of 8600 aircraft on time, on quality," he told a press conference

Awaiting Airbus Orders for RR. Christian Scherer, who in January stepped up from the top sales job to become Airbus CEO of commercial aircraft, the core plane making business at Airbus, said aviation had recovered faster than expected from the COVID-19 pandemic.

Demand for wide-body jets was rebounding particularly sharply, he said, adding in a statement: "Travel is back and there is serious momentum".

He added that making up for the backlog quickly was a priority for the European planemaker.

"The responsibility is to live up to this commitment to deliver a backlog of 8600 aircraft on time, on quality," he told a press conference

Ah BUY Order I did see. Some 20 Millions ! Wonder what’s going on?

Just headline, can’t access whole article.

There’s more mileage in these Roll Royce shares – but don’t get carried away

Questor share tip: Rolls-Royce’s rich valuation prices in a substantial proportion of its future growth prospects

I saw that share trade. Some 20 Millions transaction at 309p. Strange ??

Yes agree. A miss on US inflation figure cause some stock markets indigestion. Oh some news on Airbus orders, RR engine orders. Maybe tomorrow, who knows ?? If big news, RR shares rise up again past highs.

Tesco shares down after trading results. Well the markets down today. Tesco shares are great value with around 4% Dividend yield, I will buy them more on the dips as they are a solid defensive play. Also, Tesco Bank sale is imminent and the shares should lift up with an announcement due soon. The chat HSBC is looking to buy Tesco Bank. Hats Off to Tesco Management for delivering sparkling trading results with two profit upgrades in space of 4 months !

Tesco Again: Trading Results Great !! Jefferies Broker, better than they predicted on £2 Billions Cash Flow. Everything else bang on what they predicted. Tesco shares should go up hopefully. LONDON (Reuters) -Tesco, Britain's biggest retailer, on Thursday upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period.

The supermarket group, which has a near 28% share of Britain's grocery market, said it now expected a year to end-February 2024 retail adjusted operating profit, its key profit figure, of 2.75 billion pounds ($3.5 billion) versus the 2.49 billion pounds made in 2022/23.

It was previously forecasting 2.6-2.7 billion pounds.

"Our continued investments across the full breadth of our customer offer have resulted in a stronger trading performance than anticipated," Tesco (LON:TSCO) said.

It said UK like-for-like sales rose 6.8% over the six weeks to Jan. 6 and were up 7.9% in its third quarter to Nov. 25, having been up 8.4% in the second quarter.

17 Million Shares Buy After 17:00 Today. Totally overblown Tesco shares sell off today. Tesco Christmas Trading numbers out tomorrow. So why the big sell off ? Yeah sell off Sainsbury’s shares as they got a problem with Argos sales not growing much. Just market makers shaking the tree to push Tesco shares down so that larger investors pick them up on the cheap.

TESCO Undervalued Says Jeffries American Banks Broker. They say P/E 12 Substantially Undervalues Tesco Shares. Upside 450 pence, Limited Downside 280 pence. Huge Cash Flow with 4% Dividend Yield. They may be looking to upgrade Tesco year end forecasts. Then if TESCO BANK sale, HSBC whispers to buy. Shares going to lift up. Today worries about Christmas general retail sales knocks most retailers. However me thinks Tesco should do ok as value every little helps means retail price cuts for customers, higher Tesco sales volumes & Tesco likely to preserve benchmark profit margins too. Against Sainsbury’s, Tesco shares lagging so time for a catch up !

I said short term RR share price down without good newsflow.

You know if it can’t hold 299p and the Footsie100, global stock markets are depressed New Year. What do you think is going to happen? If markets tank, even RR good newsflow can be discounted. I’ve seen this many times over the decades.

Short term 280 - 285p shares possible without RR news-flow. It hit 299p today but could not hold & now it’s falling. So maybe next step down looks like. Notice not much enthusiasm with Footsie100 to go up. Too many bad omens in the market at the moment. Who knows when things will turn up. I’m still positive on RR but it depends on good newsflow.

RR Hungry for newsflow. After validation on right path, these shares move into new higher trading range. That’s why a breather lull in share price. Sector rotation not a bad thing, that’s how share markets work.

Svend : Yeah nice poetry and my thoughts exactly. Big RR order from Turkish Airlines, Emirates or Thai Airlines. Either of these or mixture will be massive. They are Hub Airlines and adds to incremental long term air engine maintenance contact revenues. Also I can see RR move into narrow body aircraft engines, probably working on this as diversify products offering. So RR shares on a PEG 0.5/O.6 is at least 50 per cent discount to market sector if things go to plan. Saying that I think the aerospace market sector has current undervaluation. So RR are over 50 % Discount. A great time to buy RR shares !!

Yeah this biggest order Rolls talking about. Shares will regain their upwards momentum. My guess it will come weeks before February results. Maybe this week or next. The cats out of the bag, so why wait? Waiting for RNS notification.

Double Bubble & More : Yes, it seems Air plane maker sector undervaluation is driving share price rises across the sector. This post CoVid kick up in travel, big recovery in Asian Pacific markets especially benefiting Rolls moreso. It’s long term maintenance contracts on Wide body aircraft engines. This is set to continue. So it’s Double Bubble & More Growth, Sector Growth, Internal RR Growth & New Markets Products Growth. This is a Hot Share. Quite conceivable Rolls doubles share price in 2024. Article did say like the Microsoft share price huge growth as it was establishing market leadership. I can’t remember article source sorry. These positives with other articles like the FT article will mean Rolls share price will likely surge up tomorrow. I’m grateful for any shares rise TBH, humble investor will lots of money here. There is no incentive to sell Rolls shares if it keeps on going up and up !!

Yes Berneyberlingo: : UT but it’s still buy trade at 19 million shares so positives. Anyway 1st day New Year should bring in market cheers hopefully.

Yeah 19 Million Share Buy Order. That’s Friday last trading day 2023. Maybe 305p opens start of New Year. I’m Betting Footsie 100 opens up 1%, keeps going up. That’s a shot in the arm for Rolls shares. I will not sell Rolls shares as FOMO buyers will push them higher and higher. Who knows 360p by February 2024 results when Dividends start up again. Any company starting dividends mostly go up anyways on that day!

Yet another Broker Upgrade Today. Citigroup Broker upgrades Roll Royce BUY, Up from 294 p to 431 p. This may go past 300 p soon. Every Broker upgrade adds more shares volume, push up up Rolls Royce Share Price. So it continues UP UP 🆙

You know a profits upgrade by RR this week ! That’s near term upside driving factor. I think millions of shares on buyside after market closed today. Then today Footsie 100 markets up on catch up but usually last day of month is profit taking by the big funds. All shaping up to be 280 ish day tomorrow me thinks. Enjoy the ride up !