Member Info for Skindle

It would appear that Mr East’s comments have not been taken positively by the market today. Let us hope that this is not a prelude to more bad news.

There is no doubt that the RR share price broadly follows the movement of the FTSE. It is all the more frustrating therefore that the significant drop in the value of the Dow Jones is dragging the FTSE down (but not up) with it and by association our share price. In November 2016 when Mr Trump was elected president of the USA, the Dow Jones was at 17,880. At its peak a few weeks ago the Dow was up approximately forty eight per cent since the election. By contrast the FTSE was at 6,730 in November 2016 and rose by around fourteen per cent to its recent peak. The February correction has wiped around eight per cent from the value of the Dow currently and nearly ten per cent from the FTSE. in simple terms the FTSE is now only three hundred points from where it was in November 2016 whereas the Dow is still 6,650 points higher than it was at the election. Does that mean that many of the constituents of the FTSE are under valued as we believe RR is, or are all thirty constituents of the Dow massively over valued ?

Best case scenario for next Wednesday 7th March. Profit before tax at the top end of expectation, restoration of dividend and positive news about the sale of the marine business. Worst case scenario, PBT at the low end or below expectation, no dividend for shareholders, bad news on the Trent 1000 issue and no news as regards the marine business.

So Liam Rowley of Sports Direct has moved to increase the SPD holding in Debenhams to 29.70%, virtually the same as the SPD position in Findel. I am intrigued to know what his view of Findel is. Will SPD continue to hold, increase or sell ? Our share price has weakened a little in recent times but fortunately doesn’t look to be following the wider markets down. In 2016 our pre close trading statement was released on the 24th March and in 2017 it was the 6th April. I am hoping we receive our statement this year before the end of March.

Do you think the Trent 1000 problem has already been priced in or will the share price fall further next week when the results are released and the actual position is made clear ? Not exactly the run up to our results that we had all been hoping for.

The iii website details a transaction just after the close yesterday of 120,524 at £2.16. Not surprising therefore that the share price has been marked down at the start of trading today.

No let up in this ridiculous American led sell off. The only positive as far as RR is concerned is the weaker pound against the dollar, currently $1.3759 to the pound.

Good news, no mention of the order value though. Can only help to make the marine business more attractive to any potential buyers.

Here in Asia, let�s hope that is replicated on the London markets today and in particular RR, despite the reversal of our share price on Friday.

Arsenal17, I appreciate your comment, I am seven hours ahead of UK time currently and hadn’t caught up with the Dow.

During the recent sell off £8.33 offered no support at all but this level is now offering stout resistance. With final results due for release on the 7th March, I was hoping to hear more about the proposed sale of the Marine business prior to our year end release. Any positive news about the sale will send the share price back in the right direction.

Firstly, I am not your mate, secondly, I am not your friend, and third, you assume I am a ‘man’ ! You don’t know if I am male or female. You know nothing about me and that is the way it will stay....mate !

Thank you Grayling. As if to underline my point, yet again Arsenal17 responds with meaningless words. I enjoy reading posts from investors who provide information about what RR is up to that doesn’t always merit an RNS. Thank you to all those posters who make the effort to keep us all informed.

Thank you Miken, If it’s old news Arsenal17, maybe you should share new news with the rest of us when you hear about it ! Part of the role of the discussion board is to keep investors informed of company activity. Your slightly sarcastic comments bring nothing to this board.

So we are back at levels last seen in March 2017. Our price is now being controlled by the volatility of global stock markets and in particular the Dow Jones. One commentator stated that company fundamentals are being ignored which would indicate that traders are selling out of all companies regardless of quality. It beggars belief. We have lost 12.5% of our value since just after the Simplification of Business RNS on the 17th January when we briefly reached £9.26. Let’s hope that next week sees the share price begin to move back in the right direction again.

fellow shareholders despite the huge global market sell off. While we always encourage opinion from new posters, I think AL was probably a little optimistic in predicting �2.54 as our next �stop�. As I suggested recently, �2.28 is a stumbling point as has been proven this week. Hopefully, before the end of March, �2.54 may be a realistic possibility., but for now I am hoping we can hold at current levels. I wish you all a good weekend.

I agree entirely Gerry557 but there is a clear correlation between the rate of sterling against the dollar and the movement of the RR share price. In November 2017 for instance sterling was hovering around the $1.30 mark and the RR share price was above £9.70. Today the pound is worth $1.42 and the RR share price is £8.72. The company has protected itself against the fluctuation of the currency but my point was the every day trader who influences the movement of the share price considers the strength or the weakness of the dollar before making an investment or divestment.

We could be on the verge of a re rate !

I’m completely baffled by that Columbo. Why reduce after a very positive set of half year results and then buy back in again after a slightly vague nine month trading update. The good news is that our price has held above £2.15 despite early signs of weakness and the more general global sell off. I think £2.28 is our next level of resistance/support.

Looking strong again despite FTSE and DOW sliding.