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jeff, not sure it's quite the 'polar opposite'. I think it's reasonably close to the worst case scenario end of expectations which is why this has not risen like the phoenix (yet). In any case, they have funds to cover the "worst case". I'm surprised they didn't book the sale of ITP yet as I suspected that might happen before the results.
I'm also following the flightstatistics but the wide body recovery has been depressingly slow with most of the commercial flights being single-aisle. I hope cargo offsets it somewhat. Good news on the european passports, hopefully that'll gather momentum. I'm keeping a lot of dry powder for results day as I expect MMs will walk it down to gather stop losses as they have done on numerous occasions.
I thought this was supposed to be going down to 85p just a few days ago, even 50p LOL.
Yes, RYCEY down a tad, but what a fantastic rise! I thought we might end in the red as the international travel is understandably low in the pecking order. That said we're on the upward trend now.
Crazy drop yesterday, took advantage of it and added an extra 30% to my holding. Listen to some of the fools here and you miss out on the opportunities. The rest of the market was down and other aviation stocks were mildly impacted compared to RR.
Nothing in this drop at all, except a ripe opportunity to short it from its recent high- probably gathered a bit of momentum but expect will bounce strongly again.
Likewise- bought more...gift of a drop this!
Great buying opportunity.
General market dip, but great chance to top up - expect to return blue as US opens. Global covid cases have fallen dramatically, far more relevant than the micro bubble of the UK and its lockdown measures, although the data is looking so good that they will be hard pressed to resist a substantial reopening I think.
Holding up well compared to the general market and aviation stocks. Hopefully light up when the US comes online.
Very nice momentum building here. RYCEY finished 11% up but was 15% up at one point (of course they missed Mondays rise, so was two days of rises blended together). We really need countries to step up and get the covid passports up and running asap.
There is very often an afternoon surge when US comes online (at least there has been a predictable trend for the last month). I suspect today even more so with yesterdays break.
Add on a bit of a short squeeze and could be very good finish today. Am sure some stop limits/margin calls are gonna get sprung on some.
Will always be sellers on the way up, but this is primed for recovery now. Won't see 90s again IMO.
It's holding up well today, thought we might dip below 90 for a while but glad to see it's bouncing strongly from the lows. Some good posts here in a sea of filtered green, so I know this must be a good reversal now.
Red today?? What a joke. This will be strong blue by close. Games again here...
Rubbish. This could go 50% in a day with nuclear or military news, or lifting of lockdowns. To be honest I expect to see 150p by Easter with 180-200p once a full rebound in the aviation industry is underway (it will bounce very strongly IMO).
https://www.insideindianabusiness.com/story/43278846/rollsroyce-awarded-two-military-contracts
Two new contracts there...
UK Transport Min Shapps: "I'll Be Coming Up With An Aviation Recovery Plan"
Breaking news! Should give a welcome boost
Fitchratings did not include sale of ITP in their analysis - once that sale completes RR is even better buffered to weather the worst case scenario, which as the report confirms RR is sufficiently funded for. The main focus will shift to the recovery now and reopening, and to be honest you couldn't have hoped for a flurry of better news articles and data.
Well timed shorts trying to capitalise on the downgrade, but global recovery is evident in many other stocks. Good entry price today as recovery is well on the way. Wouldn't be surprised to see this blue in the afternoon.