Finally a strong breakout from strong support levels
Simply put, that fight for a big share of the engine market has been extraordinary costly – but it is now won.
#RR. has finally reached 50% market share for wide-body engines, a milestone that consolidates its outlook and should see significant growth in share price.
'Its defence and power arms now each account for roughly a third of the whole and the former in particular has proved a stable business, while the latter works to a much shorter cycle than the aero-engine division and should therefore recover more quickly from the pandemic.'
Share price is still at bargain levels, guaranteed gains in coming months.
www.telegraph.co.uk/...ce-dawn-new-era-buy/
#RR. has finally reached 50% market share for wide-body engines, a milestone that consolidates its outlook and should see significant growth in share price.
'Its defence and power arms now each account for roughly a third of the whole and the former in particular has proved a stable business, while the latter works to a much shorter cycle than the aero-engine division and should therefore recover more quickly from the pandemic.'
Share price is still at bargain levels, guaranteed gains in coming months.
www.telegraph.co.uk/...ce-dawn-new-era-buy/