Held up remarkably24 Jul 2020 23:16
Despite the gloom and doom being spouted, this SP has help up reasonably. Covid 19 will pass. RR appears to be valued purely on aero income - which was a large chunk of income of course. But...necessity is the mother of invention and this is a world class engineering company. RR will diversify and increase work in other areas - defence, nuclear etc. Not a 1 track pony and it will show. Once the pandemic passes, it will emerge stronger. short term traders can argue as much as they like, this is not an issue for me. Don't get me wrong, I'd rather all my buys were are 260 and the SP was now north of 400. sadly, i haven't got a crystal ball. have managed to get my ave to 316 and will keep lowering as chances come. ATB