Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Commodities have already gone up, rio tinto paying one of biggest dividends in history! Oil price rising, more extra costs with dwindling revenue, a merger or state help will be only solution, good luck all,
Unbelievable, soon as it goes up, holders here get super excited, it will double, blah blah blah, this will be drop like a stone in time, reality is covid is a nightmare unfortunately and longer flights are disrupted the more pain airlines etc will go through, RR is bleeding money with no sign of picking up at all soon! Sentiment will kill this, I will buy, have a set up at 55.00 region, see you there
That's great, there is not a single person that thinks travel will not return, of course it will! but in this period before the inevitable uptake in travel, in my opinion the market will drag this down to level where it is comfortable to buy back in for maximum gain! eg. could be 45.00, 50.00 55.00 or anywhere near
Although the market is pretty stagnant, it's looking for direction, not a huge lot going on
There is a lot of weakness in share price, market is anticipating results which will be pretty awful, once 90.00 is broken, on a technical level, it wall freefall to 55.00p or near,
I am not in way deramping RR, I want to buy in to get at least a doubling on investment, but I have invested in companies before with similar situations, what I learnt was you have to be realistic and not sentimental, the immediate future is not positive, hence in my opinion the market will drag it down to a level before buyers really come in with huge volume, this is only what I think, it's hardly going to happen cause I said so and vice a versa on those who want it to rise, so let's see how this plays out,
There you go, shutting production to save money, the cash is pouring out! there is nothing left to re-mortgage, sentiment will bash the share price, shorter's are going to love this, they will buy back in for sure, but only nearer 50.00p,
All these contracts some are posting on here is completely irrelevant, they are so small in terms of revenue they make no difference, the real meat on the bone is passenger airplane, until that starts ramping up, you can forget all the £5.00 targets, not in 20 years plus, the rights issue was like taking a 100% mortgage! the shares in circulation are huge, they can just about afford to buy lunch! so all these little contracts are great but not worth mentioning, also forget USA they only care for themselves so move on. The world need USA, they don't need anyone! I will wait for 55.00p for my target buy in.
The market dictates the price, it could be low as 50.00 or 40.00, no amount of me or anyone posting on here is going to influence the price, once it goes to 50.00 or near, I am all in, selling everything else I hold to buy, then will just sit back and watch it double!
your quite excitable!! Cant face reality,
your obviously new to trading/investing, so will give you the benefit of the doubt, you have a lot to learn,
you ask a question I give you an answer, the point I am trying to make is, it will get worse before it gets better, and it will get better, I will be patient and ready to double my investment once I get my target buy in price. I have done it before with other shares and will do again with this one
zero !!!!
On a technical level, once 90.00 is breached the next close will be below that, it will then drift towards my first target of 70.00, once that is breached , 55.00 beckons, once that is breached, could drop sharply to anywhere near 45.00, for a brief time before it begins to reverse and rise up! I am ready to pounce on these technical levels, no need to rush and buy now. RR is great company, it will rise again but unfortunately in my view it will take years for it to go back to levels seen before pandemic
RR have to issue company bonds (notes) they have an interest rate attached to them, this is determined from how credit worthy they are, hence Fitch who rate their credit worthiness if they downgrade them this increases their costs, so with air travel being restricted as it is at present, the pressure is on.
As I have stated, the trend is reversing, looking at charts, there is support at 70.00p, if broken next support is 55.00p, it will get worse before it gets better, I am personally going to buy only when the downtrend shows sign of reversing to the upside. I am not being negative only realistic, it will go up to the previous high for definite but not yet, I cannot see it going above 200.00 for a very long time, years, too many shares in circulation and the biggest concern is revenue to pay debt, the Fitch downgrade is significant in borrowing costs get more expensive, similar to home loans with bad credit rating. This is my observation, it could never happen, but in the end we are all just second guessing and believe me the top guys are doing the same!
the slight move up in price has not been significant or sustained enough in my opinion, if it starts off negative tomorrow, could be the beginning of a trend turning bearish, which could be quite strong, if it does then on a technical level, 70.00p is the target, once breached next target 55.00p, its only my opinion, so may not work out that way, lets see
Boohoo to you too, see you at 55.00, Caio
It could be here on RR or elsewhere, it's just looking for opportunities that arise and taking advantage, be smart,
I got what I got from smart investing, sitting on a total profit of over £900,000!, once I exit itv and pfd, I need to reinvest elsewhere to double my investment again, you have to be smart and brave, I cannot help your lack of judgement