Member Info for TheThinker

"RR hitting lows..bringeth back Sir John Rose.."

"RR be flaky..listen to snakey.."

Serious point folks..
There must be a point when the share price drops to a level whereupon RR becomes a takeover target.
Obviously military could not be part of this, but the small and large civil engines parts.
There was talk of this a good few years ago when the share price dropped but not to the levels it is today.
Opinion only for discussion purposes.

Hello Spindler et al. Not wishing to cause anyone concern. I was just reporting the outcome from the chart I constructed this morning so people can go and make their own conclusions. Charts can be wrong though. PMs will likely rise into Q3. Gold is turning upside following a second double bottom. Silver usually follows but with more volatility. However, the political situation continues to be unstable in Mexico fuelled also by poor handling of Covid convert to a short term drop. Was FRES overvalued at 920p? Maybe...

I would love £10. However, since May FRES has been descending in a fairly well defined channel. I anticipate this to continue dropping beyond earnings report on 3 Aug. Furthermore, share price is not testing the upper Bollinger Band and hardly testnig the mid line. My target for entry or top up is sub 700p where it will be exceptional value. From that level expect a long and protracted rise into Q3. Good Luck. Posting is my opinion only.

Good post Nom1. Seen orders cancelled before though. Seen programs cancelled before too. If there aint the demand for the airframe then there aint no requirement for the engines either. If airframe orders start dropping off then the engines will follow. Planes (and therefore engines) were parked during start of Covid. It's gonna take years for the industry to get back to where it was (if ever). The industry needs passengers to start flying long haul (esp. business class) to get them dollars rollin in. Unfortunately its a brave new world which has moved on. Bosses realise that they can cut overheads by working from home and cutting out any non-essential travel. Hope RR comes back but I fear the worst.

Short haul passenger trips are dominated by 737/CFM56 combo not the A330/Trent700 combo. RR do better at long haul on 777/Trent800, 787/Trent1000 and the new A350/XWB combo. A380/Trent900 is a dead duck commercially as there are no new orders. RR make money from spares and power by the hour contracts. Short haul works the turbines higher due to quick ascent/decent profiles which lead to more frequent spares demand but it is on the long haul routes where they benefit from big hour acculumations. So norrab1 is 100% correct. RR cash inflow will be subdued until these routes are open. I will not be investing anytime soon, so I'm out.

The visionaries at RR seems to think that the world wants small scale fission reactors which can power retail/industrial units and small towns and collections of villages.
It's green and safe, but only in their fluffy little think-tanks.
It should be called 'Project Dirty Bomb'.

"JET2 share price falleth and BUY button calleth.."

Looking for double bottom to top up. This can't go much lower IMHO.

"When Elon doth buy then Bitcoin will fly..."

"To hold some Fresnillo... be like armadillo..."

"Buyeth Fresnillo...cry into thy pillow."

This share is like imitation jewellery. It looks like a bargain but unlike the real thing it only goes down in value, very rarely rising. Can't wait for it to rise enough so I am out of the red and then SELL button will be pressed so I can buy something that will make me £££.

very good 77blackbridge. You made me spit out my cornflakes...

I'd like to add:
RR win massive order to supply engines -2%

It's always been a funny wee stock which drops on news on 'public' announcement of any big order.

A chart comparing FRES to Gold and Silver confirms correlation. However FRES SP appears to be amplifying any drops in the commodity price and not reflecting small sideways or upwards changes. I cannot explain this behaviour as intuitively FRES should be higher than this. It could be due to ii sell offs triggering stop losses and then RI loss of confidence triggering more selling. Political instability of the mine home country is also playing to the bears. Comparing FRES chart with 2 other gold miners (CORA and KEFI) both are more correlated and have risen in line with recent gold rises. FRES appears to be an opportunity for a value buy. It was when I bought in at 898p and even more so at 820's. My opinion only. Good Luck all.

Looking to how earnings statement on 8 July will affect the share price. Can only be bad news, can't it? This has two possible outcomes; 1) Bad results lower the share price, 2) Markets hate uncertainty and the confirmation of the earnings (albeit bad) are better than the estimate. This might increase share price. I've seen strange effect before when worse than expected earnings reports actually increase a share price. Lot of uncertainty either way...

Spindler, I love the comparison to the Watership down rabbits! You are absolutely right about manipulation in the PM markets. Silver has been suppressed for months when it nearly touched $30. I look at the Gold to Silver ratio also which has been coming back down as silver catches gold up. I hold physical Gold and Silver via ETCs as well as FRES and have topped up on the dips such is my confidence in the long term potential for PMs. A short while ago there was not enough physical Gold to satisfy trading demand which must have caused to manipulators some head scratching as there was no way to manipulate as demand so outstripped supply. Gold and silver will always come back (and exceed) their all time highs, one just has to wait...Good Luck all.

Some great points made, thankyou all. It would be nice to see some share buying from the directors now to cement that we have moved to a new share price level and inspire confidence in the long term growth of IOG. Maybe we'll see it...

Cometh stock market crash to gold all will dash....
:-)