Member Info for Slim_Shady

I had potentially expected a retest of 116 as it fell that low on Fri but had hoped for a flat / slight rebound which it has done so far. Lets hope the G7 message doesn’t deflate any momentum later.

G7 meeting is good to ensure there is a co-ordinated response - I guess after that we will know where the week is headed in terms of SP

Based on reputable news it seems ppl are still wait and see and hopeful for milder impact. As long as US doesn’t start shutting down travel to the world things should calm down as week progresses.

Just avoid reading media that wants dramatic headlines to pull in viewers which even the BBC seems to have leaned towards nowadays

The main thing for me is RR was already in profit at HY and even if travel reduces down for a few months still will easily make a profit by year end. No way this stays down for long as you can’t reduce a company’s value by 30-40% when they are not even making a loss plus have plenty of cash in the bank and no debts due for a couple of yrs yet.

Agree CW I am just thinking longer term as a LTH. Other big plus is that RR has trading update in early Dec so has a positive catalyst to help ride against the wave a bit.

I did see this article will be interesting to see if this can play out for the better

https://www.google.com/amp/s/www.cityam.com/coronavirus-blessing-in-the-sky-omicron-may-be-very-positive-news-for-the-world-if-new-covid-mutation-kills-off-more-lethal-delta-variant/%3famp=1

Agreed this will knock some people investing in travel again until we are close to end of winter so will just need to sit tight. For RR not a problem but for IAG that may be too late to avoid a RI.

It baffles me ppl are getting hung up that there are Omicron cases in Uk. Delta circulated for months at start of the year before anyone acted against it. It is a good thing we identified Omicron early but ppl need to accept it will come here and everyone will eventually get Covid.

Remember it has been flagged the PCRs pick up Omicron more easily than other variants so was an obvious test to bring back. Also the additional travel restrictions from sone countries is due to a combination of Delta cases rising in Europe and Omicron so they are taking no risks and acting on side of caution.

Scratchy you have turned up on here since Fri with nothing to add on RR and just scaremongering away. CW gives well informed opinions which is informative for others to take into consideration so don’t try and lump yourself in with them. We all understand this will experience some turbulence but going on about 90s with no new information and Falky all the time are not helpful to anyone.

CW if there was a sensible country to go and live in I would consider it but seems none left after Covid

Agree tell that to Nicola Sturgeon up in Scotland once again on with rhetoric to lock things down as quickly as possible.

Good reminder on trading updated based on what was included in last year it will focus on liquidity and free cash flow and guidance on performance of each of the business units. Don’t think it will include any top line / bottom line numbers but should be able to work out roughly what to expect in FY results.

Remember UK cannot afford another lockdown we only recently finished paying furlough and it is also creating a culture of anti-work to get easy money from the govt. UK has rampant inflation and future generations will be paying higher and higher taxes due to Covid costs. People are v short sighted that lockdowns are an easy solution to deploy which is not helped by govt not explaining long term effects as that doesn’t win votes and they only care about next few yrs.

If this goes to 90p then HFs have had their last big clear out of Retail as that is a 37% drop from 142 to 90 when Covid will be over as a pandemic after this winter. We only went down 10-20% last winter when each lockdown was announced and no clear knowledge of vaccine impact plus RR had RI concerns. For those worried by potential drop don’t be as will rebound well over next few months.

Switzerland have 1 of the lowest vaccine rates in Europe and are in turmoil with impending Covid vote tomorrow so not best example to gauge of although still concerning.

There is no justification for another lockdown or additional measures unless this variant drives hospitalisations / deaths up by significant multiples over the next month. Cases don’t matter anymore everyone will get Covid eventually and either have no symptoms, recover or die.

Agreed the answer is vaccine but travel restrictions does slow how quickly Omicron gets to other countries. As we all know the variants always end up in all countries so it is the race against time to get more ppl vaccinated with boosters as worst case will still offer some protection.

https://www.google.com/amp/s/news.sky.com/story/amp/covid-19-new-vaccines-ready-in-100-days-if-omicron-variant-is-resistant-to-current-jabs-pfizer-says-12479927

From 143 just over a week ago we are at 122 and if another 15% hit that is 104 and an overall 25% drop which would be a massive overreaction to a temporary blip that even scientists are saying ppl need to stay calm and Delta is still the biggest problem to keep under control. I can’t see that happening as RR didn’t fall that much previously even when lockdown announced end of last year or for Delta earlier this year.

CW I am with you that max pain is 110 as then all paper hands are gone that got in when US reopen of travel news broke and back to ppl who bought RR for longer term post the pandemic.

Seems best to wait sub 1000 to buy again.