Member Info for Skindle

So the pre results slump is now in full swing not helped by the uncertainty surrounding the delay in publishing our half year results without an explanation. The danger with this of course is that Sports Direct may be tempted to buy more shares should the price drop below 170 pence. With three weeks still to go before the results are released I’d say there is every possibility of the share price dropping below this level.

Coupled with a rather tortuous nine years before !

The sale of Education is a possibility. Were Schroder to support Sports Direct in their campaign to sell Findel Education, would the board have to comply given that these two shareholders jointly hold 57.96 per cent of shares in our company ?

Could this delay have anything to do with the general election ?

Oh no ! Clearly being led by the example set by our largest shareholder. What possible reason can there be to delay publishing the half year results ?

Half year results to be released on Monday 25th November according to my broker.

Many thanks again Dinoken, excellent news.

Thank you Dinoken for that positive post. With so much negative press and broker coverage recently it is good to read something positive. It would be welcome relief to all shareholders were the company to report to the market on Monday that they had signed some lucrative orders during the Dubai Air Show. You never know, with Sir Tim Clark (Emirates) and Warren East in the same vicinity, anything could happen.

This was last Friday 1st November at around 08.30 at £6.86. I missed it ! For a while the decline looked like it was set to continue but thankfully the share price recovered that day to end up at £7.20. The update yesterday has in my opinion really arrested our decline and finally put paid to gloomy feelings at 08.00 every week day. I think there is every reason to believe that we can now look forward to some welcome growth in the coming days and weeks, provided of course that the election or our leaving the EU doesn’t throw a spanner in our works.

Much more clarity on the various different engine issues some negative some positive. It makes me wonder whether someone on the inside has been leaking information to the market to prompt the board to respond with such a detailed update. Now we know what the future holds financially, I hope this provides a floor for the share price to move forward with more certainty. Was this our bitter pill ?

Historically our share price has dropped in the days and weeks before the half year results recovering post results to between ten and twenty per cent above the level at the beginning of November. If the share price movement is true to form this year then I can see this dropping to 170 pence before rising back up to 210-215 pence post results. I still retain the opinion that the key to unlocking this stalemate is the sale of Findel Education.

Boeing is just another example of the American culture of deceit to avoid costly law suits. There is no hint that the company are brave enough to step forward and admit full responsibility for the loss of both aircraft. The sooner this is settled the better for all companies associated with the aeronautical industry.

On another note the J P Morgan broker view yesterday appeared to have a negative impact on the share price but in my opinion only covered old ground. In addition, they are the only broker to my knowledge that currently has a price target below £10.

Good luck to all shareholders, particularly those who bravely bought shares yesterday in what turned out to be a very negative day.

The curse of J P Morgan strikes again.

This looks to be a new investor judging by the recent RNS taking a 5.01 per cent stake.

I rest my case. 1GW_’s purchase of shares far out weighs the number of sales yet the price has reduced slightly. Why ?

I salute your commitment 1GW_. I have been concerned for a while now that the share price movement is not fairly reflecting the progress of the business. I can’t therefore see any great uplift in value following the release of our half year results but I would love to be proved wrong. Good luck with your investment.

You should be able to answer this Arsenal 17. Did RR engines suffer failures similar to the Trent 1000 during the 1980’s/90’s/2000’’s ? Our share price hasn’t been this low since February 17. Where will this slide end ?

I agree entirely Ejackson. SPD are a shambolic organisation whose share price is being propped up no doubt by the company’s own share buy back policy.

By contrast our board have been as quiet as church mice. For a PLC this is not good as no communication leads to negative conclusions in the market. SPD May be unprofessional in most respects but rarely a day goes by without their board issuing an opinion about something.

Hi Arsenal 17, it is no secret that you don’t agree with most of the posters on this board, particularly Grayling. But I do think you should temper your complete loyalty and defence of RR with some realism. Grayling recently opined that our share price was heading for the low seven hundreds without significant good news, and that prediction was spot on. That is the type of realistic posting I can appreciate and learn from. Comments based on blind loyalty are not always so accurate.

The fact is that a series of huge errors within the company have cost over £1bn to correct. Primarily those errors are as a result of insufficient testing and insufficient research into the metals used to cope with the continuous stress that each engine was designed to withstand.

Why did these problems occur in the first place ? Cost cutting ? Insufficient research ? Who knows ? The fact is, it has occurred. I only hope that RR has finally got to grips with these various different fundamental issues.

I am sure you will immediately jump to the defence of RR but the fact remains that we as shareholders have suffered financially as a result of these ongoing problems. There is no excuse for these engine failures as RR has been making aero engines for longer than most.

I am happy to be a shareholder of RR as I believe we have a good CEO in Mr East and part of being a shareholder is sharing valued opinions of the immediate future of the business. You are a valued poster Arsenal 17 but sometimes you need to change the record.

Thanks for your thoughts Ejackson and Columbo. I think I will wait for the half year results and make a final decision thereafter.

A humorous thought - whenever I hear the name Mike Ashley I cant help thinking of the Komodo Dragon as it walks slowly along a beach with saliva hanging from its lower jaw. The reason - one bite from the dragon results in a long slow painful death. I sincerely hope that Mr Ashley/SPD’s purchase of our shares was not the bite !!