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Anyone looked at flightradar24.com/data/statistics recently? Total flights just recovered to 2019 levels, commercial flights around 75-80% (not covering flying hours of course but still positive!).
It was a strange day for RR today...only in that it was 2% down when the rest of the market was blue, although the general trend has been very positive for rolls when considering days rather than minutes on the trading charts!
Wow, have to scroll down a long way through green boxes to find a positive post!
What a gift of a drop this is. ITP news and this will be 120p plus.
I agree, should be a bullish week here. If they allow US-UK route to open, then this should bounce to 120p, then climb towards 130-150 range. If it's not in the immediate plan, at worst I can see a dip to 105p but even that seems unlikely with the positive mood in the markets now.
Strangely a more subdued reaction with the airline stocks. I guess they are still not happy with the testing. They should really allow vaccinated people to bypass the rules for testing for green countries.
Ignore or filter shorters who are just baiting with negative threads or dreamt up SP levels without any substance or reason. It's quite boring to read the responses as well as the initial post.
There's a pretty good broad recovery trend at the moment, look at the FTSE and the other aviation stocks. It's hard to see much rattling the market now. Vaccine roll out is dominating sentiment now, trumping any other news on variants or side effects, but the media will always tend to favour negativity. Follow the trend - the recovery is happening and long haul is gaining strength. JAL just retired some boeings to favour RR A350s. Difficult to see US-UK not opening up shortly. Plenty of good news out there now and still have the ITP news inbound.
I expect went it's confirmed the ITP sale will comfortably accelerate the rerate, which is already underway here.
No need to be jealous, I correctly timed the bounce at CINE, but got cold feet when I realised they'd need further funding and sold for a wafer thin profit, not the 4 bagger! Anyway, the point being it's rare to time the entry spot on but having gone through the pain of holding through the uncertainty and pessimism, I think it'd be premature to sell out early as Rolls is going to enter a period of generally very positive news flow I think, and exit as a leaner and stronger company. Should clear 200p before the year is out I feel.
Fantastic news on all fronts! If the US and UK are following the same rules for vaccinated individuals avoiding quarantine then the lucrative transatlantic route will ramp up again. Also the Caribbean and other long haul exotic destinations are already opening up. The British template will become standard across Europe for vaccinated travellers. Long haul rebounding and even demand of larger aircraft for shorter routes could bring a nice surprise for rolls.
I'm struggling to see why we shouldn't be back in the 120-130 range next week. Looking back at my previous investments there's nothing wrong with my entry points, but the trick is not selling out too early. Had a load of CINE at 26p and BARC sub 100p and kicking myself for not holding, although to be fair the profits went in here.
Yep, that ship isn't going anywhere for weeks, so a good day on the FTSE and Rolls will be carried along with it I suspect. As someone rightly pointed out the suez blockage should see a tick up in air cargo but the real short term positives are the UK-US route restrictions being eased (as folks said, far more important than the EU) and the ITP sale when its formalised. I'm already regretting not picking up more at sub 100p so I would be thrilled to see it dip if Boris announces firmer measures. The quick test is also great news. The recovery is already underway...hold through the noise and negativity!
I'd like to think they will also announce a traffic light system, but reading between the lines the only news Boris could announce prior to an expert review being finished would be something that trumps the review in terms of importance. That in my mind means an extension of the travel ban or tightening of the rules and they've been drip-feeding leaks to the press to soften the blow, so I think that's been priced in more or less. That said, some will always try to manipulate a drop at any opportunity. The potential upside is if he mitigates that news with some caveat for those vaccinated, but what is the point of arranging an expert review panel if you don't use them.
solid_snake, if it's a genuine post I would steer clear of divulging your stop loss limits, unless you want them tested. Plenty of snakes here, who have slithered away having worked their fear into tripping some stop losses out this morning I suspect!
Very surprised to see this dip to the 90s. 25% down in the space of a few days...crazy and heavily manipulated in my opinion but the shorters have to close out too, so expect a nice sustained recovery now.
Reading between the lines, Boris will not await the expert review before taking the decision to restrict international travel. A smart move would be to reach a deal for vaccinated travellers, hopefully with the US but I am pessimistic they are close to achieving that on the UK side at least. EU seem a bit more proactive in that respect. Regardless of what Boris does I am very much of the diamond hands mentality so will continue to gather on the dips.
The recovery will be through allowing those with vaccinations to travel with less restrictions and fortunately the vaccine program is proceeding at great pace in the UK and US. A lot of pessimistic comments on here from those trying to gain a cheap entry but I'm more than happy to take advantage of the opportunity to buy more at these levels.
https://www.flightglobal.com/networks/airline-leaders-optimistic-on-return-of-transatlantic-market-in-summer/142934.article
“there could be a framework adopted early by countries like the UK and the USA” for the return of international travel, “which could set a global protocol”...(recommendations expected from the UK government’s Global Travel Taskforce)
www.reuters.com/article/us-health-coronavirus-usa-airlines/u-s-air-travelers-top-1-5-million-for-first-time-since-march-2020-idUSKBN2BE1L3
Oversold last 3 days, expect will gap up then steady recovery upwards.
Exactly EmeraldCarrots, not being able to fly to Greece for the summer shouldn't wipe off 10% of RR MCap! More cheerful news to look forward to will be ITP sale and nuclear/electric/military news. RR = Tesla of the skies :)
This dip is a great entry- normally picks up nicely when the US opens.
Please stop deramping. RR should go far more than 23%! Surprised it's dipped a little today, no real reason aside from bond yields and FTSE has recovered...bit of a lag here.
It feels like groundhog day with this share, they somehow manage to pull out the big stones just after each fundraise! It's always felt like luck is running against them but especially with covid and the biblical rainfall. To be fair, it's a pretty sweet RNS with 3 big stones and I agree if they can get a run of luck with the new production in full swing it could well go full-boom here. I might pick up some here tomorrow, missed the RNS in the day.
Will probably gap up tomorrow with US and futures recovering strongly. I should probably have topped up on the friday dip but am hoping for some volatility on results day to build my long-term hold. Very difficult to predict the market reaction though. I thought IAG would pull back but it's had a phenomenal rise. I was also in CINE at 30p but sold for a wafer thin profit (rather than a 4x bagger). Rolls seems to have lagged a bit compared to many other recovery stocks. Summer holiday season does appear to be saved by the covid passport plans so regardless of what happens this week it'll be a strong upward trend IMO.
jscapper, I'm sorry to say I agree with that. I love the story at Bluerock and it's still on my watch list, but it's a bit of a lobster pot from an investing point of view. To be fair the weather and depressed prices haven't helped but the mine appears unable to operate profitably.