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Shame you missed the market spotting that in March...
Have they fixed the Dreamliner engines yet?
Or got rid of 7 layers of useless middle management?
There’s lots wrong at RR.
The price isn't really down, they've simply issued new shares. This particular rights issue is a mixture between a stock split and a rights issue. The loss on existing shares is simply negated by the gain on the new issued shares to existing shareholders, those that don't subscribe receive cash equivalent to the loss they incur on their holding.
Shares are actually doing reasonably well.
Last edited by BlasterBates; 28 October 2020, 18:50.
Errr. They make engines for aeroplanes. And nobody wants to fly.
And for ships On Her Majesty's Service.
I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).
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