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Toff
"The continuing shareprice plunge must be a concern to potential sovereign investors too. There’re clues in the shareprice and I’m sure the people doing the negotiations are aware of that. Buying into an asset of diminishing value carries a lot of risk. Not only that, but it puts Rolls in a position of weakness at the negotiating table."
Not necessary at all
Take Carnival for example , they had an injection from a Sovereign Wealth Fund when they crashed from £40 to £6
Immediately after that, they jumped to £17
On RR daily chart :
The RSI is now well Over Sold standing at 15 !
Last time this happened was on 18/3/20
From there it went up 30% (300 to 400 )
Could this happens again ?
The RSI is certainly very low and indicating "Very Over Sold"
Lets see if this will happen !
Coronavirus vaccine: Who will be first to get jab? Draft list revealed
https://news.sky.com/story/coronavirus-vaccine-who-will-be-first-to-get-jab-draft-list-revealed-12081391
Toff,
Anyone reads your posts will immediately know and understand that you have an agenda.
Let not kids ourselves here.
So, please come off your Charity and been helpful High Horse, because no one buys it !
And, thinking about it now, it makes full sense why we have the likes of GasK & Toff here
I don't think they hold any shares (Toff confessed to this yesterday)
I think they are only here to target private share holders to sell
Shameful !!
I reckon if they wanted to do an RI, they would have done it by now
I think the delay in any news is because :
1) Negotiating the sales of assets
2) Negotiating with Sovereign Funds.
If that's the case (I think it is), and an announcement comes out, and no RI, then I would expect the SP to jump up big time, and continue to rise after.
That's of course my personal opinion, and I could be wrong, but all logical reasons for a delay in announcement points to the above.
GLA
Yes, I agree
Was just reading an article about copper, and they reckon it is just a normal correction before it goes higher .
They recommend to buy the dips .
Here is the article :
https://www.investing.com/analysis/september-fomc-meeting-more-bullish-fuel-for-a-smoldering-fire-in-commodities-200539237
Good Luck All
Virgin Galactic stock gets boost from 2 buy ratings
https://www.marketwatch.com/story/virgin-galactic-stock-gets-boost-from-2-buy-ratings-2020-09-28
I thought this is good news , because they will be working with RR on Super Sonic Jet.
https://www.marketwatch.com/story/virgin-galactic-and-rolls-royce-want-to-build-the-next-concorde-this-new-partnership-could-make-it-happen-11598029438