Further to my post and suggested buy on Rolls Royce (RR.) last week, I note in a RNS announcement on Friday that an activist(?) hedge fund called Value Act has become a 5.44% shareholder. There was also an interesting write up about this in the FT today.
In addition I also note there was a post on Friday titled Mind The Gap from Greenwood Investors who are apparently Deep Value / Special Situation investors. This includes a link to their original note which sets out in detail the longer term bull case for Rolls based on cost cutting / margin improvement, see document attached to the right.
The shares seem to have taken off since Friday and are up another 5% this morning to 840p and are therefore already closing in on the 850p gap on the chart which I flagged on Friday. I hope some of you managed to get on board too before it took off!