Not the most trendy of stocks but things could be about to change. Some very large buys going through this stock in the last two days and it is steadily reacting although slowly.
Weekend article in Times states they are favourites to win most contracts to fit the new Airbus A3XX super-jumbo with their engines. Only one main competitor for the contract that being GE/Pratt & Whitney combine.
Asian airlines to be first in ordering and Singapore currently uses Rolls. Only one country, guess who, France ! is expected to order GE/P&W engine.
Announcements likely to be made at next weeks Farnborough air show.
Brokers forecasts for Rolls are good with 6 recommending Buy, 1 says Strong buy and only one sell.
Do your own research I have since last week and have bought some.
As usual this is not intended as investment advice as all is a risk.
P.S. But I am looking forward to the next few weeks, I would think it is very likely to be mentioned in Sunday papers with Farnborough coming up..
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