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- Ukraine is the second largest market for IMB in Eastern Europe
- Only mention of Russia in its latest annual report refers to the company winning a "top employer" award - so definitely operational in the region. Hope this helps
LOL Scooby…. and academics claim that the markets are "efficient"….
Great news. Goes to show that this is a good company operating in tough market conditions. This will come right in the long term. GLA
The stock has moved to a different segment of the LSE which T212's intermediary does not support
Happy Christmas all, it’s been a tough few months of ups and downs. Very hopeful for a positive 2021
Pfizer vaccine has been approved for the EU
While it’s finally good new that RR’s engines are fitted on long haul aircraft and not short haul it means that countries which are far away might quickly follow. So definitely still worrying. Let’s hope for More positive Vaccine, US stimulus, Brexit deal and US/EU corridor news this week. Good luck all
I hope it’s not 10% up mate I want to get back in first LOL
Ursula Von Der Leyen has just announced that negotiations will continue in Brussels
I don’t think it can be argued that RR is no longer large or important. A company that powers most long haul aircraft, provides propulsion’s systems to the military, is in talks with the government regarding nuclear power, provides 3% of British exports and employees thousands of people is definitely of significant importance
It’s out on their website
Rr101 the closing auction runs from 16:30-16:35. People put in their orders and if they match that is an uncrossing price. It gives you the final share price for that day. If an uncrossing trade doesn’t come through there is a WVAP period from 16:20 to 16:30 and the volume weighted average price of those trades will be the closing price for the day. It’s not that important to be honest
I did the same. Just to de-risk until the trading update is out. Will be back in shortly. Good luck all
If you are shorting through an ETF or CFD the price will be adjusted before the opening session so you will not get 100 points. If you have actually borrowed people's shares than they may claim their rights against you and you will be required to pay the difference.
Not a big deal that RR isn’t getting orders at the moment. The engine manufacturing business is loss making we are only interested in service revenues which should rebound in the coming years. Also I can’t see the rights issue failing as the big investors said that they were happy with the fundraising. The rights issue is also underwritten. Long term this is good. Good luck with whatever you choose to do.
Also RR isn’t worse off IAG have an aviation business. RR had an aviation, power and defence business. It also supported by government so it is extremely unlikely to fail.
Not a desperate RI price it’s a genius plan to give 10 for 3 at 32p
RR isn't a crap business its a good business operating in a tough market, travel will eventually recover. The future is definitely bright for RR. For example, Delta recently announced that it would retire over 200 aircraft this year and nearly 400 by 2025. It is phasing out old aircraft with GE engines in favour of more fuel efficient engines stating that it has 200 orders awaiting delivery a lot of which are for a330 neos and a 350's which carry Rolls Royce engines. It is rare for a US airline to choose Rolls Royce over GE however it demonstrates how RR is the best. Furthermore, aviation isn't even the future for Rolls Royce the future lies in defence and power. Higher contribution of high-margin service revenue, as the in-service fleet grows and ages, will drive higher group profits and returns and a leaner and more focused business emerging from the corporate restructure will enable Rolls-Royce to compete more effectively. It just depends how long you are willing to wait to see a return.
Yes it’s the same on trading 212. If you want to short it go for it but be wary that the granite 3x short ETF On trading 212 will adjust its price to reflect the rights issue. Also leveraged ETF’s are normally just day traded due to the decaying affect however a swing trade wouldn’t be a problem if you think it’s going to fall fast. You could wait til after the RI and then go short but perhaps after the RI there will be very little downward potential? It’s hard to know. Good luck with whatever you choose to do. Personally I’m long term bullish for Rolls Royce but definitely wouldn’t be surprised to see a pull back at some point over the next week or two.
Shorting during a rights issue is risky. I believe that holders can claim rights against you if you borrow their shares and you will have to pay the difference. If you do it using CFD’s or leveraged ETFs they make a one off adjustments for the rights before market opens just as they would for a dividend in the underlying stock. Not financial advice obviously it’s just my view on it. I saw some guys here topping up 3x short etfs if the stock doesn’t plummet before they adjust the prices it will be a disaster for them especially as these Leveraged ETF’s are decaying everyday anyway. Good luck