Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sheltie: Yes, I clocked that. Jefferies prefer RR over BAe Systems. As last week BAe hit recent highs, it seems they rate a BUY for RR to still hit their high price target. That’s a Big Positive. I expect American buying to lift RR shares to new highs !
I did BUY back In. Took profits at 319p & hopefully go back to 325p highs to test the chart highs. The fact it did not below 300p is a plus. So my thinking it swings the other way. FOMO buyers likely to buy in now me thinks
I Did Sell at 319p but missed the top. I think when everyone thinks it’s a one way bet up, then it may not be. So better to take profits. So now maybe flip to a big downside share fall. I’m cautious as a larger market correction may follow, DYOR.
Announced Dec 2023 - Turkish Airlines orders 220 Aircraft with RR engines. That’s just one of their customers! RR is Airbus only seller of the wide bodied engines. So the Airbus order book does have substantial benefits for RR. Airbus and Rolls-Royce have today announced they have been picked by Turkish Airlines to supply the carrier with 220 new aircraft.
The planes, a mix of A321 and A350 models, will be manufactured by Airbus for the most part in the UK, with the engines supplied by Rolls-Royce. The 70 A350 aircraft will be powered by Rolls-Royce Trent XWB engines, which are assembled and tested in Derby, and are 25 per cent more efficient than similar models.
I can see RR shoot back up past 312p, into 350’s p. What matters is its core aero engine business is in great shape. That what’s main profits contributor. Airbus back orders are huge which benefits RR substantially. I expect further improvements as RR is a cyclical play, cyclical upswing currently. The talk of SMR is only one small part of RR. So wait it out, keep shares and trade some shares my way of thinking.
Maybe right sell RR near term. That looked like a dead cat share bounce up 312p. I say trade RR as weeks to go for results and this time downside price action likely. Risk off share trades for now especially as Middle East conflict flaring back up.
I really can’t believe it’s big share sale trades. That’s Today post trading RR trades. It maybe error with thisismoney site. As Beremberg is not overly influential broker as people say on this chat board. Also, It would be crazy to take RR profits before an expected share price rise build up to February trading results. That’s a little odd & I see no RR downgrades to trigger large share sales. Unlike today’s retail sector downgrade hitting the big food retailers. Let’s hope RR catches up with the Footsie rise of today as maybe it’s a case of sector rotation as BAE was also down today with RR.
GE Aerospace expects adjusted revenue* to grow low double digits or more, operating profit* of $6.0 billion to $6.5 billion, and free cash flow* of greater than $5 billion. GE & RR are mainly wide body engine manufacturers. So lower sales revenue growth at GE Aerospace could be a trend in the industry. Just don’t know. I guess that’s why share prices of both are falling. GE shares down today.