Member Info for Svend

Despite the turbulence and tailwinds from bank failures on the market, the SP remains above the 200 weekly average which it has not visited or seen since 2019. RR is still bullish the break out to the upside remains on the horizon/menu with the price preparing to take off to the next upper levels towards 158/164 resistance. The weekly bowtie cross 5/21/200 sma is clearly visible with a price well above 134.

Maybe time for the white knight and lucky kewjosh may get out of jail on his short squeeze while Silicon Valey Bank Failure as FDIC takes over on Friday, this is the First Bank Failure Since 2008 (15 years) and the second largest ever.. Ironically, this is due in part to investing in long-term mortgage-backed security. Next on the block is SIVB UK and this brings market uncertainty about how the regulators deal with this side on this side of the pond. Lots of moving parts at the moment and anything can happen DYOR GLA

The tide has truly turned the total number of commercial flights on 7-day average has increased to 108,750 +176 flights compared with 108,574 in 2019 adding the extra flying hours due to the limited airspace available due to the war and engine hours flying off the scale with China now fully open after lifting travel restrictions. With all 3 divisions (Aerospace/Power and Defence) spinning on all cylinders, there is good reason to believe SP is taking-off to new highs very soon.

Metom I think that tweets like this by Elon Musk could have a profound effect on the market sentiments come Monday's opening bell let's hope it's for the green cheeses.

Graham10 - well spotted the 10 min time frame ever since 1400 hours today the spread/range has only been less than a penny 158.60/158 with decent volume maybe someone sweeping the market at 159 to cover up a short position that needs to be filled before the weekend and market drying up only guessing here of course however braking resistance above 160/164 level it's anyone guesses where the price may fly to next DYOR GLA

IITK - Bless her (Margaret Thatcher) she was the one who sold me my RR shares back in the day (privatisation mid-1980s)

kewjosh - you seem to forget there is a war going on and the LH flying hours are on average much more extended than pre-war time, as a result, the extra long flying hours are above standard time pre-pandemic times and all add to the bottom line. Retracement happens but the longer the institutional accumulation phase carries on the less likely you are that price shall be revisiting your initial target of 130 discussed a few weeks ago the line in the sand was crossed when the price broke above 150 which had served as the ultimate resistance since 2020 there is a reason why even the big boys (hedge funds) got burned and that is the platform is burning as in 'on fire with a positive spin'. The cherry on top was the recent lifting of covid restrictions from China which has reopened worldwide travel and that alone is some 40% of their earnings. You seem hell-bent on walking down the middle of a train line expecting not to be run over by a train and betting against a broking house, not Mr Market itself.

hello, NTCat maybe it's time to ask the milkman for an update on the timeline from the Department of Business, Energy, and Industrial Strategy.

+++

In November 2021 the UK government announced that it would contribute £210 million in grant funding to Rolls-Royce SMR to match private investment in this venture. Rolls-Royce Group, BNF Resources UK and Exelon Generation will invest £195 million over about three years in it. Rolls-Royce said the SMR business, which will continue to seek further investment, will now "proceed rapidly with a range of parallel delivery activities, including entry to the UK generic design assessment (GDA) process and identifying sites for the factories which will manufacture the modules that enable onsite assembly of the power plants." The reactor is designed for hydrogen and synthetic fuel manufacturing as well as electricity generation. The Rolls-Royce SMR consortium, involving many of the major UK engineering firms, aims to build 16 reactors, each a pressurized water type of 470 MWe.In November 2022, Rolls-Royce announced that it has identified four priority locations to build SMR-based power stations in the UK, including Trawsfynydd, Wylfa, and Oldbury. The locations are all on land owned by the UK Nuclear Decommissioning Authority (NDA). Before NDA commits to the SMR development, approval must first be granted by the Department of Business, Energy, and Industrial Strategy.

hi tommy thanks yes very interesting the 'experts' are well behind the curve once all their re-ratings have been published the consensus forecast shall rise and fall in line with the new estimated price targets. DYOR GLA

SP is quickly incoming and in the process of closing out the weekly gap between 151-161

Rolls Royce: Broker flags 'abnormally cheap' share price with a punchy price target

https://www.proactiveinvestors.co.uk/companies/news/1008416?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Rolls-Royce%20shares%20are%20%E2%80%98abnormally%20cheap%E2%80%99%20says%20UBS

kew some tobacco for the pipe qoute: 1113 GMT - For Rolls-Royce Holdings, China's reopening is an important catalyst which could bring valuations back in line with historical levels, analysts at UBS say in a note. A new CEO, combined with a strong and underappreciated market tailwind coming from China, is likely to drive continued upside throughout 2023 as the widebody aircraft market is heavily skewed to Asia, analysts say. In 2019, 51% of widebody traffic started or ended in Asia, so China's weakness alone accounts for the fall of around 40% of the absolute widebody traffic in 2022 from 2019's levels. "Now that quarantine restrictions have been lifted this headwind is abating," the analysts say. UBS raises its rating to buy, from neutral, and its target price to 200 pence, from 150 pence. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

SMRs are just about to take off in Sweden. Let's hope RR export teams are pushing the product.

https://www.world-nuclear-news.org/Articles/Fortum-and-Karnfull-to-explore-SMR-deployment-in-S

Then you deserve all the thrust that is flying your way is all I can say

kew Flying blind without a liferaft springs to mind this could be hitting the 164 mark by Next week with or without the submarine contract have you not got any self-discipline or at least a line in the sand when to accept defeat?

Kewjosh not even Powell can stop the steady rise of RR meanwhile Flights airborne as of yesterday surpassed the 7-day average from 2019 by more than 1000 flights with a total of 109,270 compared with 108,247 it now has momentum/fuel in the tanks with more altitude to come under its wings and no turning back or retraces short attitude are dead in the water hope you took to the exit and dusted yourself off and prepare for the next challenge.

I Agree SP has been basing solidly for the past 2 years it's now breaking out above 150 it's visible plain sailing towards the next layer of resistance, with further momentum potential in the pipeline on any news emerging from SMR and eVTOL space'

kew - final call the previous resistance @ 150 is now stupendous likely becoming support and a whole number further out price targets are shining out such as 164 and 200/212. The SP is in accumulation on its 9 consecutive up day and rising yesterday on the below-average volume the 13 March > 14 April period is just a few days away the real turbulence in the market between now and then is Powell pm today and the key data out from the USA on Friday. Goldman likes AAPL so if you believe as AAPL goes so goes the market it's possible to think Goldman likes the Stockmarket... DYOR GLA

Onward & upwards the share price rerating is truly overdue

The chart is currently painting a breakout/cup without a handle formation (Nov 2021 high 150.50) so we may see/expect some sideways chop for the next couple of weeks unless we get some SMR-related news.

kewjosh - are you in complete denial? perhaps over-trading comes to mind hit the exit and take a break RR is currently under accumulation by serious investors looking to hold on to the stock for their clients before it becomes an investment-graded stock and every institution then is likely bound to build further stakes.