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Re: ErnieBilco post# 700

Thursday, 04/23/2020 5:53:03 PM

Thursday, April 23, 2020 5:53:03 PM

Post# of 2084
Uncle Ernie, in my humble opinion RYCEF and RYCEY have reached the bottom and deserve to be checked. I bought a chunk today. Here is some interesting news:

British aero-engine maker Rolls-Royce scrapped its final dividend on Monday, but its shares jumped 5% after it said it had secured an additional 1.5 billion pounds ($1.8 billion) in reserves to manoeuvre a potential prolonged downturn. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)

Rolls-Royce contract with US Navy is not going away, so again, in my humble opinion, it's a good investment and we may see a 300% increase soon.

**DISCLOSURE** My posts express my sole opinion. They are not investment advice nor a recommendation regarding any course of action. My opinions are subject to change without notice. Assess investments according to your personal financial circumstances.