Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
9% down?!! Unreal.
Shorters will have to buy back at some point. Can’t see it much cheaper than 73p! 50% of not so distant highs!
Good comment. Seems like ITP sale will be concluded imminently and that should prompt a few broker upgrades and improve our investment grade rating. I'm holding for dividends and buy-back. 100p plus once ITP done and dusted.
Should be a blue day today given the strong forecasts from IAG. Unbelievable to see RR this low. Almost half-price of the not too distance highs despite some good news within that period!
I doubt the rise is anything to do with SMRs or ITP sale, though both would be welcome. Whatever it is, you can't move a FTSE stock 25% without some serious buying (probably fuelled by closing of shorts too). To be honest I can't see why RR should have been so priced down after Easts departure/results anyway and 110p is still well below recent 140-150p highs (which still undervalued the company).
A takeover by BAE makes sense to me, good synergy and it's perfect timing given their SP is riding high. What's that worth...? Surely 200p plus.
Horrific situation unfolding but ultimately NATO will not be involved directly else we will be in WW3. From a RR point of view I cannot understand this dip but fundamentals are strong.
...also, it's surprising the market reacted so strongly. Was clear Putin was going to do this. No idea why it should affect RR disproportionately.
I would have expected at least a 5-10% gain on these results, without the Ukraine invasion (because of which SP was already depressed). A 15-20% drop today (in real terms more like 30%!) is a gift of a buying opportunity, because the flight bookings and hours are surging and the business is recovering and stronger than expected!
20% down?? This is ridiculous in the grand scheme. Buying up as much as I can.
Finally some good news! Now lets hope Russia doesn't do anything silly and Rolls will be back above 130p!
The benefit of omicron being milder is offset by its extreme transmissibility and subtle symptoms. The virus doesn't respect politics or Christmas (which itself will just accelerate the cases). I think this wave could be the most painful so far in terms of disruption and hospitalisations, but thankfully not deaths. I'm surprised it finished so blue today but I think there'll be new lows so I'm holding off adding more for now.
If more EU countries lock down (Germany looks likely) then this will be back in the 120s. Can't see it going far below that though unless it's a manipulated drop to clear stop losses, as it has done on some rare occasions.
Of all the good news, this Qatar tie-up is huge for RR. Rolls really will become the Tesla of the skies but also with great diversification from civil aviation.
I think folks are underestimating the ITP risk. That's a heck of a short fall in the finances if it is derailed and will raise all sorts of questions.
Well done to the holders. Been here a long time but fully sold up now on the rise, given a 30% gain. Think it has room to go further but am taking the gamble it’ll pull back again
Yes, the B52 contract coming home would be a game changer for RR. ITP sale is not guaranteed of course and is the only uncertainty that makes me nervous as it would reopen the whole topic of whether RR have adequate funds. Whatever happens, will be an exciting month for Rolls!
Love days like this… no reason for drop but will spring back when PCR tests are scrapped or better still with ITP sale
Just listening to Javid, he's as good as confirmed the PCR tests will be scrapped with an announcement shortly. Expect a nice uplift on that news.
Gift of a drop here. Not sure why RR is getting beat down so badly!
Rare chance to buy in at pre-results prices now. Analyst lifting their targets and ITP sale due.