Member Info for Skindle

another false dawn ? Certainly looks like it.

So we have reached the highest bid price since September 2016. The question now is will the share price retreat again as it has done before or will it break out into a new higher trading range. I was considering calling it a day just after the recent update as the share price was slow to respond but the positive movement today leads me to conclude that there is a renewed potential for share price growth in the coming days. I have my fingers and toes crossed.

The board, several of whom have been members for years did not buy into the turnaround of the business when the share price was as low as 60 pence (3 pence pre consolidation). In the last twelve months the share price has been as low as �1.45 and as high as �2.15 very briefly. Comparing this day to exactly one year ago we are up one pence. That statistic therefore vindicates the decision of the individual board members to refrain from investing their own money in Findel shares. The next twelve months however looks significantly brighter so I agree with you Ejackson, why not take the plunge now if the turnaround really is a reality. As regards Mr Ashley, my calculation told me that his overall investment in Findel averaged out at around �1.70 a share. What average price do you believe he has paid ? I am not keen for Mr Ashley to divest as I am sure this would send the share price sliding south. The last time Mr Ashley sold a million Findel shares in December 2015 the price fell from �2.28 to �1.90 in an afternoon. Be careful what you wish for.

The board, several of whom have been members for years did not buy into the turnaround of the business when the share price was as low as 60 pence (3 pence pre consolidation). In the last twelve months the share price has been as low as �1.45 and as high as �2.15 very briefly. Comparing this day to exactly one year ago we are up one pence. That statistic therefore vindicates the decision of the individual board members to refrain from investing their own money in Findel shares. The next twelve months however looks significantly brighter so I agree with you Ejackson, why not take the plunge now if the turnaround really is a reality. As regards Mr Ashley, my calculation told me that his overall investment in Findel averaged out at around �1.70 a share. What average price do you believe he has paid ? I am not keen for Mr Ashley to divest as I am sure this would send the share price sliding south. The last time Mr Ashley sold a million Findel shares in December 2015 the price fell from �2.28 to �1.90 in an afternoon. Be careful what you wish for.

Yes I agree Ejackson, I was hoping to break away from the 190-215 pence trading range and thought that the update yesterday was positive enough to push the price up by around ten per cent. The statement wasn’t well promoted. Initially I had trouble finding it. Searching Google does not immediately find it. Maybe in the coming days the price will rise as more investors become aware of the enormous potential.

I am not being cynical Arsenal17 and this article cannot be dismissed as a nothing article when John Leahy the Airbus sales chief is being quoted. As a RR shareholder I was merely bringing the article to the attention of my fellow shareholders. If you are not happy with my posts please feel free to block my posts from appearing on your screen.

I agree Miken, the company are making all the right moves but the weakening dollar is causing havoc with the share price.

Yes a very positive update although strangely lacking in hard numbers. The focus has clearly been on debt reduction as this is the only actual figure we have been given. I was hoping the term above expectation might have been used. In line with expectation is a big stride forward from last year so let’s be thankful for small mercies. Good to see Mr Tracey moving on. I don’t think we will miss him.

N Brown are down over 10% by 08.30 this morning on the back of what would appear to be a half decent trading statement. Seems very harsh.

It doesn�t make for good reading. https://www.bloomberg.com/news/articles/2018-01-22/ge-engine-venture-may-oust-rolls-from-emirates-a380-contract?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo

Despite the announcement of a $450m order from Aercap for twenty Trent 1000 engines for ten 787 Dreamliners with an option for another five 787’s. Now that Emirates has confirmed its order with Airbus for the A380, does anyone know when can we expect to hear who the engine supplier will be ?

It looks like the strength of our currency or indeed the weakness of the dollar is now working against the share price. If it’s not one thing it’s another !

Hopefully you will be our good luck talisman 1GW_. By next weekend I am hoping we will be well clear of this trading range. Another notable absentee from this board since the half year results has been Lspoon1. One can only conclude that our extremely well informed friend was actually a very eloquent de-ramper. Let�s keep our fingers and toes crossed for a positive third quarter update next week.

I am pleased to read that Emirates have signed to buy a further thirty six A380 aircraft from Airbus, made up of twenty confirmed purchases and sixteen options. While this doesn�t necessarily mean that RR will supply the engines it is a step in the right direction. More good news.

That RNS really gave me the answer to my question and it provides the large investor with a new reason to buy RR. Let us hope that this is the beginning of a sustained rise up to results day.

You are right Miken, lots of activity in the background, excellent advice, thank you.

Good points well made Grayling and Miken. My disappointment from the flat share price stems from two aspects, 1) the forthcoming results for 2017 are widely expected to show a pre tax profit as opposed to the multi billion pound loss of 2016 and 2) the FTSE 100 has recently recorded several new all time highs while RR as one of its stalwart constituents has recorded an alarming fifteen per cent decline in value since early November 2017. I had hoped that these aspects would have helped to push our share price back in the right direction. Even our chairman�s �100,000 purchase of shares more recently at �8.32 per share has had little effect. The 7th March can�t come quick enough for me.

I love this company and I think Mr East is doing a fine job but the share price is back where it was in early May 2017. We look to be in decline at the moment, where is the case to buy ? The company have gone very quiet on new orders and only press speculation at the weekend prompted a reluctant RNS. Have our board taken their eye off the ball ?

So at 14.15 the price was 207/208 pence and then without warning, a drop in price to 193/195 (6.8%) caused by a 23,000 share transaction. Maybe our forthcoming trading update is not going to be as positive as we had hoped.

I notice that Toscafund sold its interest in Speedy Hire on the 19th December and the share price promptly climbed over 5%. I am grateful to Toscafund for their support of Findel during very tough times but I do wonder whether these activist investors can also have a detrimental effect on the share price sometimes.