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Not sure I know enough to make a call on what's holding the price back at the moment. Probably just need a slice of positive news, next set of results should do the trick, but in the meantime it would reassuring to see it stabilize well above the £4 mark.
Of course we all need to apply caution when it comes to investing. However business is booming for RR and the future prospects looking very good. I don't see any sort of sell off likely as the Outlook is looking solid. More likely a world event that will hit the share price but that always the case. Onward and upward!
This stutter will please those purchasing next week when the new tax year kicks off. I was aiming to top up at £4 and that was looking more likely to £5 the way it was rising. So I'm not complaining if it stalls for a wee while.
CEVO...:00
Pott, for the life of me, if you think in a years time, you'll ve at £5 / £5.50 with dividends, why would you have sold shares yesterday, simply because you are up 100%.
I'm averaging 89.99p and wouldn't sell a single one.
Do you dislike profit?
40% plus in a year not good for you?
Yes, because no investment is totally risk free and I'm not greedy and the money will be well spent over the next 12 months. I'm still holding RR in an ISA so I'm still benefitting from future . My aim when I set out on this journey was to beat inflation with some savings I had spare and not loose a chunk of money in the process. Job done.
Well done fella. I think a good few (including me) will have cashed in a chunk today especially if they were sitting on >100% gains. Focus now turns to where we go next and barring external interference events/catestrophic manufacturing defects etc then I feel we will steadly head towards 400 by the year end and then we will be back here in a years time looking at 500-550 with dividends in play.
Ar se, the chunk I'm selling is not protected by an ISA. At this point I'm just after selling at a high point and avoid any capital gains liability. If it peaks about 370 before the tax year is out, I'll be happy with my cash windfall and no tax. The chunk in my ISA can ride out the longer term.
I heard a radio interview with the former RR CEO a few months back and I remember him saying a return to narrow body market in the not so distant future was inevitable. I'm taking some profit after results day but will be holding some and will add to another pot in an ISA portfolio, it's a good time to be on board the RR bandwagon.
Looks like we are well and truly on the road to the £7 that’s been tipped by a few wise folk on here.
And when you look at the historical prices you don’t have to go too far back to when it was last at this sort of level and barring the covid interruption, RR’s business is not worse off /hasn’t fundamentally changed and arguably it’s in a much better shape/outlook as a business going forward.
So do we need to apply caution still? yes, we do as RR could be hit with any number of problems that could affect the SP.
Personally, barring a disaster in the next month, I’m selling a chunk when it hits the 370 as I will take a nice profit and I’ll enjoy spending the return this year. It will also calm my nerves going forward to know that I’ve made a nice return. I’m keeping some tucked away in an ISA as I firmly believe that in the longer term £7+ is a likely outcome, but obviously not guaranteed and lot of water needs to pass under the bridge so taking a profit soon makes sense in my world.
Https://www.youtube.com/watch?v=OGcUbUAgsqE
- no wonder the share price has perked up, this presentation should be the catalyst for rise upon rise :-)
...if your looking for a distraction, you may want to take a look a Ceres Power Holding plc LON: CWR . I've a small amount invested and it looks like it's going to take off, you don't have to look far to find articles that will succinctly points you in the direction if its your cup of tea or not.
..although we are all wanting something big soon. Nice to see the price having some stability after the Festive build up.
Don't want to get carried away but it seems like we are on the verge yet again of a doubling in the space of the next 12 month based on what been highlighted here, all on which seems plausible, but just hope we don't get any spanners in the works.
Disappointing to see it drop when generally FTSE was up today on a non event day. Hopefully this is not about to become a trend. Looks like we will be waiting till the NY for any positive deal news being confirmed and normal service toward 350 resumes.