Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Medi, I totally agree, RR have seen an amazing turnaround, and I am happy I am on board (for the past 2 and 1/2 years). My post here was not about RR per se, it was about the market in general, it just happened you mentioned the sharp up tick over the pond, which boded well and then it just popped, for no reason, that's what I cannot figure. How many private (amateur) investors did that take out I wonder! Thankfully my little investments are in UK stocks, so fingers crossed for a turnaround in UK Plc fortunes :)
And then it popped, you have to laugh or you'd cry. The stock markets make absolutely no sense to me any more. I thought I had a handle on how it worked, but there is so much noise, it's difficult to wade through all the chaff. I mean companies report great results and their SP will go up by around 5% on the day and then it all goes to Sh$t for no rhyme or reason
Could the announcement GMB have called for a strike be worse timing? We haven't even received the order from the UK Government for SMR and can see this being a serious issue for the workers in the long run and could force the conrracts abroad, which would not be good for UK Plc (is that the real reason I wonder). Short sighted greed trumping long term security for the submarine division, in my view!
https://uk.investing.com/news/stock-market-news/rollsroyce-facing-month-of-industrial-action-at-submarine-site-3462596
Is it more like a 2.3% correction from the 424 first thing this morning? It is difficult to know whether to sell short term and build up some reserves elsewhere. IAG is another one I am considering disposing of, its doing naff all, but want to wait until next week on that one. If only Tufan would say what that "big deal" is. To be dangling us for the past 4 months or so is just so frustrating!
But is still down on the end of March close at 426.7, even with a fantastic order but deliveries don't start until 2027, so can't see present pricing holding. I want to be wrong, but sadly the sp has been bubbling along all month seems it's not sure where it wants to go. Damn day traders must be making a fortune with all the fluctuations
No worries PeakDread, I was going to upload a new convo, but thought as the subject was Airbus, thought it more appropriate to post there. Great news though, especially if Indigo take up the 70 additional option!
Along with an order from for 30 A350-900 with options for another 70, a nice order worth 1.2billion with a total £4billion potential for RR, although I seem to remember a memorandum of understanding was already reported this was happening back in Feb, but nice to see it confirmed.
https://www.reuters.com/business/aerospace-defense/indias-indigo-places-order-30-airbus-widebody-aircraft-2024-04-25/
This is a great read and reinforces many views on here on how positive we should be about RR :)
https://www.proactiveinvestors.co.uk/companies/news/1046042/britain-s-magnificent-7-do-rolls-royce-astrazeneca-and-unilever-make-the-cut-1046042.html
Journo's love to beat UK Plc don't they? Proactive had the same piece which I shared below via another news outlet and it somehow believes these new (in design still) are in some way a threat for our bigger product, they aren't even included in the final decision in the autumn, and it goes on to say the decision will be in the next parliament, when the government agency is due to announce in the autumn, do they know something we don't?. Laughable to say the least
Just been looking at the SP over the last 3 months and it seems after what has been a tremendous run, we have stalled some what since 21st March where it was at 420. The recent uplift from Fitch was clearly priced in by those in the know, as it has had very little effect since, except for the spurt to 435 the other day. Looks like there is a bit of day trading but not much else. Perhaps UK investors are moving their funds in to the upcoming British ISA. I know that many will have had to sell a few days ago in order to have funds available for the 5th April - New Tax year. Any one have any thoughts?
Hindsight is a wonderful isn't it? Moral to the story here, don't believe all the hype around pricing as this is only geared to try and destroy the opposition, with your inferior product. Quality should and must be the first (and only) priority. Pricing appears to be the airlines major drivers and sadly this has well and truly come back and bitten them, Boeing and their engine suppliers on the bottom. Another worry, both Pratt and Whitney along with GE have serious defects with iron inclusions, so with all this in mind, what would drive any one to deal with US aerospace companies who's only focus seems to be bottom line!
Https://www.rolls-royce.com/media/our-stories/discover/2023/business-aviation-intelligentengine-rr-pearl-700-engine-receives-faa-type-certification-and-prepares.aspx#:~:text=The%20Pearl%20700%20combines%20the,compared%20to%20the%20BR725%20engine.