Member Info for Phyl

... so RRI said yesterday!

Not sure about that but could fall below £1 a pop?

Let's hope he scrapes off the burned bits as I do... the country can't afford any waste!

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!

Grezzz/investorintheknow: Thanks for pointing out my hopeless maths. Ha ha ha. You're absolutely right and stand corrected. It is more akin to 14%. Back to bed for me!

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.

Anybody else thinking about topping up today on this dip (currently in excess of 2p) or are you waiting for the outcome of tomorrow's Autumn statement if you think this might make any difference?

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?

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 they'll be heavy, across the board cost cutting and none to insignificant income tax increases not to mention other (currently unknown) austerity measures but what will this mean for the LGEN (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?

I agree. Hobsons choice but to my way of thinking are there any better investments to make than our own LGEN? Bit of a dip today.

Fingers crossed it's a slight pullback before another surge!
I do think it'll take a very positive, out-of-the-blue RNS to give it proper lift off... something like the FLRAA contract for example which we discussed yesterday.
On a personal note, I went into the blue for the first time yesterday with my RR holding but now, sadly, back in the red. Doesn't really bother me too much as RR is part of my (4yrs to go) retirement plan... the strategy being one of build my holding as I believe at some point over the next yr or two with tailwinds behind us, we'll see an introduction of a dividend. In which case, none of us invested here today will need worry about the share price falling a penny or two.
Interested to hear other board members strategy for their investment in RR?

FLRAA maybe j4Sdev? We discussed it on this board earlier today. I think this is the most imminent piece of news we're awaiting.

Morning baronbog/all, a 5p per pop increase would definitely be most welcome. I'm currently in the red with RR but this level of increase would put me firmly into the blue! It wouldn't concern me too much though if the level of increase wasn't as much as this or indeed, unsuccessful with our bid as I intend to continue to hold my shares for at least 3-5yrs as part of my retirement strategy. I'll continue also to top up during any SP blips... if there are any! Good board this in the main.

Looks like the FLRAA decision will be quite soon if not imminent so, quite agree, is an important topic to discuss. As you say phil111, it could go either way but if it does go our way then, wow, it basically sets the company up for many years of guaranteed revenue income and I hasten to add, none to insignificant. From what I've read, we stand a very good chance but whatever the decision, there's plenty in the pipeline. If it appears as an RNS headline, you'll know we've been successful. Talking of being none to insignificant, I suspect the share price increase won't be either! Interesting to hear what others might think will happen to the SP if we do or don't secure the contract?