Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
But the RI here was to survive the crisis in the worst-case scenario - already looking highly unlikely and return to positive cash flow is brought forward, less need for borrowing etc. They have a young fleet of engines so the revenue from those flying again is sufficient and new engine sales are less important. RR could well come out of this crisis in a very strong position. Perhaps the Tesla of the skies with their move into electric engines?
I'm still surprised the mute reaction to the second successful vaccine news. Although both interim results the main point here was that they both showed similar efficacy. That's huge, also given Moderna vaccine is easier to distribute. More rapid return to flying. I expect soon we will have the news on the UK green strategy and SMR announcement.
Cheaper now than before Moderna news!
Some clowns selling at 102p or this is being seriously held. IAG gone to auction!
150p here we come!
https://www.dailymail.co.uk/news/article-8950453/Hopes-British-Covid-vaccine-Christmas.html
What a cynical view from the GSK guy. While it's right to say it is less practical for mass vaccination, I suspect the limiting step for vaccination rate will not be the cold temperature requirement in the early stages, probably it's more to do with how quickly they can manufacture and set-up distribution. Also it fails to acknowledge the success of developing a rapid, effective and safe vaccine for an unknown virus with innovative mRNA technology. It's a tremendous achievement but the game-changer will surely be the AstraZeneca vaccine (especially if it reaches anything above 70% efficacy) which it should as it uses similar tech.
Well I considered that they may have shorted heavily in full knowledge they could purchase the rump, but in fairness the whole market was down that day and to get the remainder away at a premium of 90p was pretty good going really, regardless of who picked them up. Be interesting to see how RR moves with the brakes off. I'm very surprised to see this is not up in the 130-150p range considering the airline stocks are enjoying a healthy rebound. How much positive news has RR had in the last few days and apart from anything the worst case scenario has been avoided and travel expected to rebound strongly. We should get some further positive news as I expect the headlines will read: quarantine scrapped in favour of 2-stage testing and covid test/vaccine passport, airlines poised to increase flight routes to meet demand for holiday hungry travellers. The tsunami of positive news flow as the country/economy recovers from this disaster is only just beginning!
That's very interesting Casapinos.
How do you close out 5% of shorts on one trading day without this skyrocketing? The answer is probably by purchasing the rump from GS. Very suspicious. In any case, the remaining short positions will probably fuel any rebound as they will have to be quick to close out on news. Bring on Monday!
Google: Bloomberg vaccine tracker - they have a graphic showing the progress. Oxford/astrazeneca and Moderna are both due any time now. The trial data is released when a pre-determined number of positive cases are discovered, and as a consequence of the surge in Covid cases worldwide the trial will reach that number very soon (days I expect).
Today wasn't so bad for RR as it was on a par with the rest of the market. Not much room for this to go lower IMO as it'll be back to levels pre-vaccine news, so little room to manoeuvre for the shorters. Plus they would have to be very brave to be holding a short position over the weekend. I expect by Monday we'll have one or more of the following:
Brexit trade deal
Further vaccine trial news
SMR news
Massive upside + very little downside risk as I see it from these levels.... I can smell the burning already!
Wonder if the relatively small overhang has suppressed the SP the last day... what a great buying op - could surge up with a strong rebound once the remaining amount is cleared.
Moderna news expected any day now... could well catch a lot of people off-guard although the spike could be even bigger as the shorter positions are higher now. Although Pfizer vaccine success is huge, the confirmation of a second vaccine will add significantly to the confidence in the final results and will make a roll-out of global vaccines much quicker and a faster return to normality.
To summarise we have a Biden government, further stimulus due, successful Covid vaccine, SMR news (worth billions) likely this week, positive defence sector, cargo deliveries, recovery in global flights and quarantine easing, improved testing... All this and RR is trading at a mere 20-30% premium to before all this!
Seems like a few jokers think they will get some shares on the cheap tomorrow through posting nonsense comments. I would expect the certainty of having an extra £2 billion safeguarded will be seen as a positive by the market. Expect some big blue days!
Watch this clear 140p with the PM announcement on SMR reactors... IMO. :)
Good summary.
Very surprised this is at 100p after the SMR news... they’re not going to employ 6000 people without a contract. Read between the lines...the government will announce imminently IMO and should stabilise at 130-150 range. I’m gathering all I can here!
Google finance FRA: RRU
Was trending upwards after close on Frankfurt, and closed at 116p so should be a nice gap up tomorrow. It's going to be interesting to see the shorters disclosures over the next couple of days. If anyone follows CINE, that was a hell of a short squeeze today. Same could easily happen here. Need balls of steel to short anything in these times, as evidenced from 3SRR turning to junk.
Difficult to imagine the SP dipping below 100p, since a 15-20% drop from there would take RR back to the trading levels see before the vaccine news. Far more likely to continue to gain momentum I think and those shorts are gonna tumble like dominos.
I also took some off on the way up at ~100 and planned to reload on the pull-back which never really came! Mistimed that somewhat and missed the surge to 137p so was glad to see it retrace. I think the market will have had time to properly assess the impact of this news now. From my point of view, RR was trading at a fair value of 80-90p before the vaccine news. 100p is too cheap considering that the worst-case scenario is no longer likely. RR should have a solid income stream way in excess of expectations for 2021/22 and I bet the rebound from pent up demand for air travel will help them along nicely.
The numbers appear to be very good although it was always going to be an early glimpse (triggered by a predefined case number, in this case 94 cases.) . They need to go through peer review and it's missing some detailed information but from a statistical viewpoint this news (though awaiting a formal peer review) is a dream result and has been lauded as such by experts.
True we need to be cautious and not over interpret, but at this stage it's 'blown the doors off' and we should be very happy.
For those who don't understand the significance of this, it is HUGE!:
U.S pharmaceutical giant Pfizer and German biotech firm BioNTech said their coronavirus vaccine was more than 90% effective in preventing Covid-19 among those without evidence of prior infection, according to data published Monday from their late-stage vaccine trial.
It comes as drugmakers and research centers around the world scramble to deliver a safe and effective vaccine in an attempt to bring an end to the coronavirus pandemic that has claimed over 1.25 million lives worldwide.
Scientists are hoping for a coronavirus vaccine that is at least 75% effective, while White House coronavirus advisor Dr. Anthony Fauci has previously said one that is 50% or 60% effective would be acceptable.
Watch this go now...Vaccine success!
Gap up tomorrow. FTSE futures already looking to break 6000. This has a lot of ground to recover.