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It seems like these "flash crashes" are becoming a regular feature in afternoon trading. Looks like the big boys are taking advantage of higher speed AI trading algorithms. I've just watched the SP for 5 minutes and it was yo-yoing like a frog 🐸 in a bucket, multiple times.

@fordm, you make a valid point. Yes, it's cheaper energy production that's vital. How consumers choose to use it is up to them.

In theory SMR's aim to deliver cheaper energy. However, their deployment is still some way off.

Currently solar and wind are the cheapest forms of energy. Onshore wind is around 16% of the cost of gas.

The problem in the UK, is that the sun doesn't always shine and the wind, whilst often plentiful, is sometimes too strong for the windmills to run safely, so they are switched off.

Fossil fuels will be with us for a long time time to come. I was at a friend's birthday party last summer & met a delightful chap who's an environmental scientist. He advises the Swedish government on environmental issues, which will of course include energy production.

I tentatively approached the issue of the West's green agenda. To my surprise he said unequivocally that "we're going to hit a brick wall with the green agenda". I was surprised, but it makes sense. This is a massive issue that the finest minds on the planet are going to wrestle with for years, if not decades to come.

@Sparkythecat, interesting take on Angela Rayner. I think that ship sailed when she didn't pay the HMRC the tax that she owed. She has effectively disqualified herself, certainly so soon after the episode that saw her deputy prime minister role come to such an abrupt end.

Given the distance that many are now placing between themselves and Peter Mandelson, and the Labour Party's need to do the same, a more likely candidate is Ed Milliband. Yes, I can feel the bristling & consternation at the suggestion. But, he's free of previous associations with Peter Mandelson. That makes him a logical choice for the party.

However, his green agenda is utterly disastrous, and will, should it come to full fruition be deeply damaging for Britain. Just look at the £20 billion committed to the carbon capture project. An utter waste of tax payers money and does nothing to enhance our pressing need for future clean energy security and cheaper energy.

If an economy is to continue to grow, it requires cheap energy and in abundance. You only need to hear how many businesses are closing down due to unaffordable energy costs. Just a few thoughts...

These are the smaller versions of SMR's, so not a threat to RR. However, the absence of a Britain first policy when it comes to manufacturing and technology has been a long standing issue.

Just been watching Nigel Farage live in Wales. He's said that Reform will be announcing it's manifesto in March. It'll be interesting to see what they have to say. I wouldn't want Nigel Farage as prime minister, however, with the growing number of Conservative defectors swelling Reform's ranks, it may well offer an alternative to the dreadful woke shower that are currently in power. Whether Keir Starmer survives this latest crisis remains to be seen. But even if a new leader replaces him, I think it's akin to rearrangingdeck chairs on the Titanic...rant over 😳.

@Bav1975 I agree, yes noise. However, after 4:30, 3 large purchases went through, 535k, 737k & 8m. MM's were possibly trying to fill that very big order 🤔

rr, bae & bab**** all in positive territory now...after market close. let's hope we can maintain some momentum tomorrow.

SP just gone + 1.66% 🙄.

i've just pulled this from ai:

uk defence funding uncertainty: shares in major contractors like bae systems, bab****, and rolls-royce fell after prime minister keir starmer indicated the uk might join a new eu safe fund. this has raised concerns about a shift in procurement strategy and potential budget reallocations away from traditional domestic contracts.

bae & bab**** are getting rinsed aswell 🙄

Just watched the SP jump to 1.9% up on the day and seconds later down to - 0.16%. These are flash crashes. I've read they happen when very fast trading algorithms are at work...thoughts anyone?

I'm keeping my eye on the long term prize 👍

PS...I married her and here we are 41 years later...she's a diamond 💎

Indeed we are @Investorintheknow, after my dad's Vauxhall Viva broke down, I swore I'd never have one. It was 1159cc with about 50 bhp from memory, it was really noisy one it hit 65 mph...you get the picture?

Anyway, at age 18 I bought a special series Vauxhall Viva. This was a car that Vuaxhall produced for just one year. But this was a BEAST!...here we go.

It was metallic green with a black vynil skin on the roof, flared wheel arches, low profile tyres, cream leather seats, a 2300 cc engine, overhead cam, twin stromberg carbs & it could fly!

It was the era when Ford XR2's & XR3i's were omnipresent. My beast would blow them out of the water from the traffic lights. I was courting a lovely lass who lived in Leeds, it was 90 miles from my house to hers, I'd finish my toolmakers job on a Friday afternoon and set off along the A65, returning late on a Sunday night.

It was a fantastic car...it made yiu feel like King of the road!

PS Loving these car stories!

Indeed they were Bernyberlingo! It served us well for a good few years 👍

Ah yes, the golden years of motoring. I have fond memories of helping my dad work on his cars. An Austin Cambridge, Morris Oxford, Vauxhall Viva SL90 to name a few.

One Saturday in 1975 springs to mind. We we on our way to a car auction at Preston, when our beloved Vauxhall Viva broke down, it was like it knew it was about to be replaced.

Fortunately there was a telephone box about 5 mins walk from where we'd coasted to a definitive halt. My mum called for a taxi, the drive floored it & got us to the train station with muniutes to spare.

We spent several hours watching as car after car went through. They were either to high mileage or too expensive. We gave up and walked over the road to a garage forecourt to look at the vehicles there.

After about 10 mins my younger brother came running up to us saying that he'd seen an Austin Maxi in the auction that was about to go through. The four of us raced back to see it. We had about 5 mins to check it over, it was blue with a 1750cc engine and only 28,000 miles on it. My dad was good with cars & he said he was going to bid for it.

The anticipation was intense as the bidding started at £800, my dad had £1000 in cash safety pinned to his inside jacket pocket...that was our limit. There were another couple of bidders, we held our breath as my dad made his final bid, "One thousand pounds"!!!, he shouted. "Going once, going twice" & after what felt like an eternity the auctioneer announced "sold"!

We drive it the 60 miles home, it was quiet, smooth & powerful and yes it had 5 gears...a rareity in back then. We all felt like royalty! ...What an adventure!

In theory, yes, a share buyback should benefit the SP as the EPS will rise a a result of there being fewer shares in the market, thereby reducing the P/E ratio, albeit slightly.

However, the drivers of the SP are multifactorial and unfortunately as we're all acutely aware, there are significant head winds in critical areas. Fortunately, none of them are down to RR.

"I just feel everyone is holding tight due to the level of uncertainty regarding tariffs, global tensions and having a mad man in the White House".

I think you raise an interesting point there. I pay attention to the news and read relevant articles, none of which seem to provide a read on where we're heading in the near term.

I think results day will be very good IMO. Whether we'll see the SP gains as on previous results days, remains to be seen.

I don't usually post here unless I feel that I'm making a useful contribution. Today, I'm more thinking out loud.

The SP is somewhat mercurial just now. For what it's worth I believe RR has a very bright future in it's three main sectors. It just feels like there's a lot of moving parts (pardon the pun) at the moment, that have yet to consolidate and provide an unequivocal sense of market domination that can propel the SP much higher.

The geopolitical issues certainly aren't helping. But I hope that eventually the West can find a way through the mire.

I remain patient and continue to maintain a long term conviction re: the bright future of RR.

Have a great day all. The sun is out once more!

Oops, here's the link:

https://youtu.be/w9KBOhPXhds?si=xFJcwVZlVGfmzmOV

Watching the news this morning, quite robust & muscular language coming out of Davos. If Trump continues with his hard line approach, he could end up with a "bloody nose" as Mark Rutte Etal are starting to push back.

I think the EU & NATO are absolutely right, not to capitulate to TRUMP'S megalomania. However, I see the potential for the EU to attempt to introduce further laws, ostensibly in the name of national security for member states, but that curb EU citizens individual freedoms.

This would of course be in line with the desire for a one world order that the "Captains of the Universe" believe will address the various economic, social & political maladies that the West is experiencing.

Whatever happens over the next few days, I think we'll be witnessing significant historic dialogues that may well end up reshaping West.

On a lighter note, for some reason my mind wandered back to this famous scene from Butch Cassidy & The Sundance Kid...might there be a parallel with Davos? 😉

It seems like we're in a holding pattern at the moment, from a political perspective. Once the EU confirms what it's response will be to Trump's stated aims, then we'll see how the markets respond. Although, US futures are looking sketchy just now.

If the EU can agree on a collective response that de-escalates the situation, and, (this is the real challenge), one that allows Trump to save face, which will be difficult to say the least, then the turmoil may be short lived. Other than that the western world may be in for a bumpy ride 😬

bab**** is also up. let's hope the eu can push back with the various trade tools at their disposal, and that this situation quickly de-escalates. interesting to read about the amount of insulin that denmark supplies to the us. although, if this was to be used as leverage the potential for innocent people to be severely harmed is significant.