RE: ITP SALE28 Jul 2022 22:08
A done deal isn’t always as it seems, the deal can still be withdraw. It just means there will be a big fine to pay for pulling out I would imagine. Spain have been stalling, investors I feel are heavily reliant on this being completely finalised as will help the balance sheet a lot. This will in turn have an impact on the investment grade. So if it isn’t done on august 2nd then it does ring alarm bells.
We all know flying hours will be better but without instant cash injection to help the balance sheet it’s going to be hard for this to really get going.
Hopefully get out of this range soon, I’ve stopped looking the last few months but it still doesn’t make it any easier.
I’m sure other will agree it’s been quite a frustrating stock to own, I think Rolls could do better with rns updates (example, that 20% pump and dump we had was just brushed under the carpet).
Here’s to better days! Chink chink