Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
EasyJey reported a narrow loss few weeks back and still it when up 10% on the results day this month/Jan.
Market knows the debt IAG carries and we still hit 175p last month and £2.30 in 2021. Today IAG reported billions gross profit compared to the billion loss in 2021 and yet the drop? Something stinks
Every media article has positive coverage on the results. Pressure will build on those trying to keeping it low. I have added again at 160.88.
Look at the number of trades it is 3200 and the max they could take it down is to 160. EOD there will be near to 13000 trades on a results day, should start to rise at some point. Results are very positive with profits returning to pre-pandemic levels with £3+ at pre pandemic, absolute bargain now at the current price.
Air Europa is an absolute bargain. It was worth £1bn before the pandemic but IAG bought it for 400M!!! Absolute bargain it is!
For such results almost every airline in EU had the SP went up considerably. Some dirty work by Mayday and team. Let's see how long they can keep it low.
£1bn+ profit before exceptions compared to £2bn loss previous year. For 2023 and more, this level profit will sustain and increase each year from now on as 2019 levels are reached. Debt should not be an issue at all. If it was the case then they wouldn't have bought Air Europa!
Give it till 9am it will start to bounce. Shorts did not close for rapid rise but are waiting for weak hands to sell so they can grab shares at lower price to close the short.
Mayday, you seem to be getting very worried that this will fly tomorrow. You been active since morning trying to discourage anyone to buy yet it closed higher at 165p. Looks like you are going to be sleepless from tonight. Similar to you there were clowns on RR board who disappeared after the rise. Travel stocks are undervalued and many can see that easily. Your deramping attempts are not going to stop SP rising but GL.
SP touched £2.30 in 2021 and that is where this is heading to.
There is no doubt the results will be pood like RR.
With shorts closed today for RR, it opened up 20% higher. Now RR short interest was at 0.55% before the results but plenty were lurking under 0.5% and they all closed leading to such a large rise on opening.
Now IAG short interest is currently 0.77% higher than RR and there could be many under 0.5% like RR as the price came down from recent surge to 172p and it went down to 158p just yday. These shorts will close tomorrow if the results are bumper fantastic similar to RR leading to atleast 10% rise. A 10% rise takes us to 181p and 185p is reasonable considering the upcoming travel season.
had a painful last year and few sleepless nights but I was sure that RR will return to 140s and 150s. We are just short of 5p from 140! Shorts have been keeping this low although short tracker did not show too many shorts but there were too many under 0.5% and they all got burnt badly today!
All that talk of debt, bad hedging, interest rates etc is just pure scaremongering by the media and analysts. This is a FTSE 100 British Company supplying engines for the aircrafts all over the world for decades and will do for several more decades to come. Dividends will come next year. There are lot more other revenue streams for RR too. Any announcement on entering narrow body aircraft and SP will double in no time!
As per Seeking Alpha analysis with £1bn+ cashflow, RR is worth £1.92 and if it sustains that cashflow then £7 IMO!
Anyways I will not bother you all anymore. Enjoying the rise today and hope you all too! ATB
IAG was at £1.72 before the current drop. If in tomorrow results there is a hint of dividend then no doubt we will see £1.72 and higher and should motor up as we get to summer.
Excellent results! I said positive free cash flow in excess of £500m would be fantastic. These results are without China reopening! Fireworks to start today!
Improved orders, revenue, profit and cash flow in 2022
- Strong new order wins in Civil Aerospace and Defence and a record order book in Power Systems
- Underlying operating profit of £652m, £238m higher than the prior year, with the increase driven by Civil Aerospace and Power Systems
- Free cash flow from continuing operations of £505m, £2.0bn higher than the prior year, led by engine flying hour recovery
- Net debt of £3.3bn, down from £5.2bn at end 2021, due to disposals and improved cash flow
· Focused on delivering significant performance improvement in 2023 and beyond
Psk, you are only looking at the short term share price movement and short term future. If EFH return to pre-pandemic levels then RR can generate £1bn+ positive cash flow, which means after paying off debt interest payments. Moreover RR fixed the interest rate at low levels unlike you and me with our high mortgage payments :-)
£500m debt maturing next year 2024 and another 500m in 2025. With no lockdowns seen anymore with China, £1bn+ cash flow easily achievable. If tomorrow we have 500m+ positive cash flow then I expect fireworks! GL
If RR reports positive cash flow then dividends could be reinstated for 2023 in next March or after and this should help RR motoring this year. Any shortfall in numbers is already priced into SP. Like LLOY results today, may go down a bit but close around 109p and should start to move up. GLA
IMO buybacks are a waste of money. Available share are reduced with buybacks but have not seen any improvement in the share price. Look at Harbour HBR, they wasted millions with buybacks bought at much higher prices and now the share price halved than the price at which buybacks were bought for $300M paid! It could be HBR is an exception!
Paying back to the share holders in dividends will attract more investors , which ultimately helps with improving the share price. All the pension funds and institutional funds like regular dividends and of course us PIs too.
With buybacks, bank has to pay 50p a share whereas paying dividends cost just 3p or 5p a share and there will still be lot of amount left, which bank can use it for investment or for employees pension or something else? I have not bloody seen a convincing argument about buybacks better than dividends till now. If there are any investment bankers here then educate us why my dividend strategy explained above is not good than buybacks? btw, I don't work in Finance sector at all! :-)
When LLOY paid billions in PPI claims and now that it is over so all those billions should add up to the market cap as market is always forward looking? Even with low interest rates LLOY was able to pay billions and now with increased interest rates and with end of PPI claims, don't you think LLOY is very much undervalued at current prices? Almost every company recovered to pre-pandemic share prices but LLOY is still barely touching 50s. There is lot of upside left compared to any other listed company.
EasyJey reported narrow loss in their latest update but it jumped 10% on the results day due to the positive outlook.
As long as RR meets the expectations with positive outlook guidance should see price rise easily. US stocks are already overvalued whereas UK stocks like RR are still undervalued. £1.20 should breach and it could be before the results. US markets jumped at the end of Friday so next week should be good for RR.