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Sorry RRInvestor, but what do you mean by "all good"?
Yours and Mike's posts do make me smile as I adore your positivity. But...
My last couple of posts have been facetious but they're meant to highlight a very important point... and that point is, nobody and by that I mean nobody can 2nd guess the market. It operates in such mysterious ways. Whether you be a short, medium or long term investor, it's so important to research company fundamentals and base your investment strategies around these and certainly not be influenced by any opinions expressed here especially SP predictions and particularly on a daily & even hourly basis. Just because a share price drops on the day it doesn't mean it will rebound (and some) the next. The markets are cuter than that. Much cuter.
The Autumn statement starts in earnest in a little less than an hour... in essence, people will have less money to spend but the question is, will they forego holidays or will they see this as a necessary as a means to escape the doom & gloom? Can't think there's much else that would impact the RR SP today can you? We've seen a bit of a drop this week so far. Are the MM's already pricing in the Chancellor's budgetary statement?
We're not putting up any Xmas dec's this year as we're going away!
Mile, allow me. Let's say we're trading at an SP £0.88 (and we're less than this as I write) and the target price is £1.00. That's a £0.12p differential. Equivalent to a required 12% increase. That's quite the significant target in my view that and in my own opinion, will take one very positive RR RNS to achieve. Even the FLRAA contract is only worth £0.05p a pop so I'm led to believe by way of a post on this board a few days ago. This level of increase would take me from being underwater into the blue with said blue being well & truly beneath my feet!
Winstanley, good find. This is exactly the type of news we want to hear. While not RNS worthy per se, it shows that "wide body" aircraft sales are heading in the right direction. Bodes well for the future. Let's hope for more news such as this!
Does anyone have a view on wether or not the Autumn statement tomorrow will impact on the SP or maybe you think the bad news has already been factored in? Some might think the Autumn statement will be neutral to the SP. Appreciate any views good, bad or indifferent.
Hi Gary, yep, it isn't going to be pretty with just about everyone impacted from what we already know and once the dust has settled. I certainly hope he doesn't touch dividends and perhaps even more so ISA'S. The LGEN share price is under a little pressure today. It's not down nuchal on yesterday as I write but do you see an SP drop following the statement tomorrow or do you think the markets gave already priced the bad news in?
"Another £250k closed by short fund companies they are getting smaller and smaller they know !"
It's a fairly miniscule amount though RRI. RR still being shorted. If they were to close their positions fully then that'll be something else!
The SP has been on an upward trajectory over the past few weeks I quite agree but it's come from a low base. The results were also of a positive nature giving rise for optimism but unsure just how much these were applicable to the current rise? I'm a long time admirer and supporter of RR but I do think we've riden general market sentiment lately and the increase is as much to do with this than anything else. I maintain we need a positive RNS to help propel the share price to £1 or more. Sincerely hope I'm wrong and strong market sentiment continues overpowering any geopolitical events we have and are going to face. We shall see.
I must admit I do like reading Mike's/RRI's (more than just positive shall we say) posts. They do make me smile. However, nobody should read them and think "now's the time to buy". Every investor should use their own judgement so reluctantly, I must sgree with Sophie.
In my view, the RR SP will continue along it's haphazard trajectory until we see a positive RNS however long that takes. There's certainly sufficient pipeline material in which to do so but until then, the SP's likely to go up and down like a Blackpool Pleasure Beach white knuckle ride. For longer term investors it's a question of hang on to the rail bar you're going to get flipped over once or twice!
phil11 good find and thanks for sharing. The real concern regarding China I think is the fact they're continuing to persevere it's covid lockdown policy leaving it further & further behind the rest of the world particularly the West. The Chinese government are too proud to admit they were and still are wrong with their stanceon Covid. This obstinate behaviour (borne in no uncertain terms for not having a proper vaccine strategy) means they are unable to draw any sort of covid exit plan thus creating uncertainty all round. I suppose China is akin to one of RR's other pipeline opportunities as any good news here (and eventually thete will be some) will help provide a welcome boost to RR's operations over there and hence another welcome boost to the SP. One to watch I think.
Jeremy Hunt is due to deliver the chancellor's autumn statement this Thursday. No definitive time for the announcement but likely to be around midday. We know there'll be heavy, across the board Governmental cost cutting and none to insignificant income tax increases not to mention other (currently unknown) austerity measures but what will this mean for the RR (and I hasten to add other) share prices? We're seeing a dip today but will there be another one heading our way on Thursday I wonder?