After earnings I really didn’t anticipate a 15% drop. I’m even more disappointed that there has been no buying power since.
We all know that it has debt but with pent up demand is this really an issue?
I know Marshall Wace have a short position on this still so maybe this is being heavily shorted as they got stung big time with Rolls Royce.
So if I buy now I will receive a dividend?
Share price has been steady the last 2 days. A modest increase today did come as a big surprise for me as the US normally trades flat.
I do think the bearish market right now is helping Rolls and making this stand out like a sore thumb. Making this a more appetising buy. I think if markets were bullish we wouldn’t see as big an increase as we’ve seen due to investors looking elsewhere.
Anyway, I’m sure most will agree I thought would have seen some profit taking by now but still nothing. I’m anticipating something.
Never mind, I was really speaking about the potential from the rights issue and the demand it’s seen. Rolls Royce looks to be trailing about 3-months behind demand as we all know travel has been the last thing to recover since covid. Yes different companies but supply and demand is the same across all companies. Rolls is now just starting its run.
Just looking at earnings for Aston Martin which showed free positive cash flow. Looking the struggles they’ve had since covid and the growth they’ve had I think rolls could be a good comparison to it and may suggest where rolls could go in the next 6 months.
Quick question for those that have been invested long enough to remember the dividend payments. If a dividend was to be re-instated say from half year results then what do we think that could look like for investors? What was it before?
I’m also wondering has anyone every received a dividend through spreadbetting? How does that work?
Only people shorting here right now are retail investors. This isn’t enough to move the market downwards so who ever is shorting then be very careful. This has been beaten and shorted for so long hence the short squeeze. Strong re-rates are coming thick and fast right now. Of course we will see some profit taking which is only natural but this won’t be seen right now because shares are being snapped up quicker than they’re sold. America have only really just joined the party as the first 2 days they were flat.
Tomorrow will be another interesting day after todays close. As I said in a post earlier today 148 looks to be significant but after the last few days it could just breeze through it.
This really isn’t about technicals right now. This is about a solid company who has gone through a massive transformation that could pave the way into the future and it’s trading at a bargain price. And to highlight, debt is not an issue here anymore.
148. Previously on its bull run we all seen those highs of 148 before it was painfully shot down by factors that were unforeseeable to most.
148 looks like it could be a key resistance point but judging by how strong it’s been over the last 3-4days its anybodies guess.
So looking at shirt positions. Marshall Wace opened a short position yesterday. Scroll down and you will find it here…
https://www.fca.org.uk/publication/data/short-positions-daily-update.xlsx
Ok thanks, so as jiffy has highlighted there is 25m left to be bought or sold so come Monday there will be a rush to purchase. I always thought it had to be all squared under the UT by end of the day.