You probably saw that, late last week, Rolls-Royce (RR.) held its AGM, giving a year-to-date update. How exciting for shareholders! But how did they get on?
I know what many of you are thinking today: why don’t I hold 100% cash in my portfolio this morning? Or maybe 100% gold? Or have been super short the Russian markets. Hindsight Asset Management is always the best performer but - patently obviously - it does not exist and never will. And if you are smart you will realise - whether we are talking about markets or any other challenges - what matters is not what you might have (or probably have not) predicted, but how you react and see the future.
There is always so much to write about on a Thursday, especially when two of my top twenty holdings are reporting. I have held DS Smith (SMDS) shares for a while now, referring to it as a ‘strange name but a great company’.
Early last month I observed a bunch of ‘medium-term efficiency shifts centred on ultimate zero emissions’, but also ‘demand for tech-led solutions’ and ‘net zero pathway announced’ by 2050 which are all excitable news over the next few years for Rolls-Royce (RR.). That’s why I was excited back then for a 140p plus share price against the then 108p level...and this morning we are there.That is not too shabby for a stock that is now up 170% since its money-raising a year ago.
