Three strong volume days to end the week - new high is 624.60p.
free stock charts from uk.advfn.com |
At a price of 622.40 ! |
Timed at 17.15, there are three buy trades totalling 44.4 million shares.
Seems a bit unusual. |
 Shares opened £6.22 on the news, but surprisingly has fallen back to £6.12.
However. The buy notes will follow.
Rolls Royce Press release. Fri 24th Jan 2025.
Rolls-Royce has signed the biggest UK Ministry of Defence (MoD) contract in its history. The Unity contract stretches over eight years and brings together all elements of research and technology, design, manufacture and in-service support of the nuclear reactors that power the Royal Navy’s fleet of submarines. This contract between Rolls-Royce Submarines Ltd and the UK MoD, forms a single, harmonious capability portfolio.
Unity will enable improved focus on simplification and efficiency and better outcomes for the UK Royal Navy. It represents a significant undertaking and investment by the UK government and industry, providing thousands of highly skilled jobs across the country and an enduring commitment for the decades ahead. This is truly a national endeavour.
Rolls-Royce designs, builds and maintains all of the nuclear reactors that power the Royal Navy’s fleet of submarines. This eight-year Unity contract is worth circa £9 billion and will provide full support of the in-service UK Royal Navy submarine fleet throughout the period. It also includes continued support of the build and commission of Dreadnought Class submarines and the beginning of the previously announced SSN-AUKUS contracts.
The contract is the first of its kind awarded by the UK MoD and is the culmination of years of planning between Rolls-Royce and UK MoD, potentially creating a new way of doing business between Government and industry. It signposts the UK’s commitment to the continuous at sea nuclear deterrent and Rolls-Royce’s continuing dedication to the UK Royal Navy and the Defence Nuclear Enterprise.
With a long-term commitment across the Rolls-Royce Submarine programmes, Unity draws together current and upcoming work into one portfolio. It is designed to incentivise an even more collaborative working relationship between Rolls-Royce and the UK MoD.
Steve Carlier, President Rolls-Royce Submarines said:
We’re delighted to announce the Unity contract, which confirms our commitment to the Royal Navy and the Defence Nuclear Enterprise. This long-term contract enables us to invest in the right skills, equipment, and facilities to play our part in protecting UK interests at home and overseas.
“The Unity contract enables our business to work truly collaboratively with the Ministry of Defence, meeting the evolving needs of the UK Royal Navy, further improving reactor plant design, delivery and in-service support, ensuring the continuing security of our nation at a time of global uncertainty.”
Defence Secretary, John Healey MP said:
This investment in Britain’s defence will deliver a long-term boost to British business, jobs and national security.
“In line with our upcoming defence industrial strategy, this deal with Rolls Royce, a historic British success-story, will support high-skilled UK jobs who equip the thousands of submariners that keep us all safe. We are showing defence can be an engine for growth, while also driving better value for taxpayer money.
“National security is a foundation of our government’s plan for change, and this is a clear demonstration of our commitment to the UK’s nuclear deterrent, which is our ultimate insurance policy in a more dangerous world.”
The Unity Contract will create an additional 1,000 new roles within Rolls-Royce Submarines by the end of the contract. This will predominantly be seen in Derby, but also includes recently announced satellite offices in Glasgow and Cardiff.
Meeting the growing requirements of the UK Royal Navy is of the utmost importance to Rolls-Royce Submarines, enabled through a highly skilled national workforce. This provides resilience and proactive collaboration more broadly across the UK nuclear industry and nurtures home-grown talent. Investing in nuclear expertise is critical for the UK, as demand for this talent increases across both defence and civil industries.
The Unity contract also brings opportunities to the supply chain, the vast majority of which is in the UK. The ability to develop long term, strategic relationships with long lead times means more capability, a longer lookahead and more competition in the supply chain, bringing enhanced benefit to the UK economy.
Sir Chris Gardner KBE, CEO Submarine Delivery Agency (SDA) said:
The signing of the Unity contract is a key milestone in the SDA and Rolls-Royce partnership, building resilience, collaboration, and capability.
“Bringing together existing commercial arrangements, it is a clear signal of our commitment to deliver greater effectiveness, efficiency, and agility to meet the needs of the Defence Nuclear Enterprise and support the Royal Navy’s submarines now and into the future.
“It will also enable a critical pipeline of home-grown nuclear skills and provides Rolls-Royce with the longer-term contractual security to plan and develop the existing and future workforce”.
Artist Impression of a future Dreadnought submarine above water - Crown Copyright |
Priced in yesterday me thinks |
A bit more on the above :- |
Just looked at GE aerospace figures. Nothing spectacular less profit than last year unless there is something in its statement. Look at the statements from RR. over the past 6 months, AUKUS going well, Roysl Navy orders, power plants, Motors for luxury yacht’s, Czech SMR. More to follow. Has anyone seen the Citi analyst who got it completely wrong. Yet perversely probably had the desired effect. Rubbish a stock (RR) stock drops 7%. Fill yer boots and that make there money. FCA should be looking at situations that CITI or traders may have orchestrated.
I am not making the accusation, just mentioning a possibility allegedly. |
GE aerospace earnings: https://m.uk.investing.com/news/transcripts/earnings-call-transcript-ge-aerospace-q3-2024-beats-expectations-stock-rises-93CH-3886805?ampMode=1 |
GE Aerospace just published their quarterly results. Beat on both income and earnings/share.
Stock up 7.4% at the moment. |
The faster the UK get to it the more will follow. |
That's £6 gone I think for sure. Will only go south of that if the Government continues to kick the can down the road or places the order elsewhere. |
The full article Sweden urges Starmer to join European mini-nuclear reactor pactBritain would make 'great partner' for bulk order of reactors, says deputy prime ministerMatt Oliver23 January 2025 7:00am GMTSweden is urging Britain to club together with Northern European neighbours to purchase a fleet of mini-nuclear power plants.Ebba Busch, the Swedish deputy prime minister, said her country wanted to band together with allies to jointly order at least "10 to 15" small modular reactors (SMRs) in a bid to cut costs and share expertise.Speaking at the World Economic Forum in Davos, she told The Telegraph she had invited British representatives to join the effort at a conference in Paris last September.The bulk order would aim to reduce the cost per reactor by sharing supply chains, standards and skills across the group of nations, with workers gaining efficiencies through repeat builds.Ms Busch said: "This is something that I'm pitching because I think Western countries need to play together if we are to compete with China, which is going super fast [on nuclear] with a completely different set of rules compared to Europe."I'm trawling and I'm trying to see where there might be interest, and the UK would be a great partner."They have heard my pitch... and I look forward to visiting the UK, hopefully this year, and talking more about it."On Wednesday, a spokesman for the Government refused to say whether the UK was open to the idea but said: "We have regular conversations with key European partners about how we best work together to support nuclear deployment."SMRs are seen as a potential breakthrough in nuclear power because they would be made predominantly in factories and then assembled on site, cutting building times from around a decade to a few years. Costs would also be markedly reduced.However, the nascent technology remains commercially unproven, with a string of European countries and the US all currently pursuing their own individual competitions to fund the first examples of the technology.The UK's design competition is in its final stages, with Rolls-Royce, Holtec International, GE-Hitachi and Westinghouse battling to secure funding to build demonstrator reactors. Holtec's SMR-160 Small Modular Reactor.Holtec's designs for an SMR are just one of four sets of plans the Government has to choose fromFollowing a string of delays, Great British Nuclear the quango in charge of the SMR programme is expected to confirm the winners around the same time that the Government completes its latest spending review.Some industry insiders fear that tight public finances could lead to the programme's scope being cut down.Cooperating with other European countries could help reduce the cost to the UK.In Davos, Ms Busch told a panel event: "In a perfect world, I would go hand in hand with my friends around the Baltic Sea and we would buy 10 to 15 SMRs together at the same time."Then we would roll-out a full program on how to collaborate with universities, make sure we have the skills, the people, build the first one and then accumulate that knowledge so we can build the next one and so forth."She predicted that many European countries would soon follow the example of Sweden, which was until recently phasing out nuclear plants but has enthusiastically backed them since the Ukraine war prompted a rethink of continental energy supplies.Wind and solar farms alone were not enough to provide energy security, Ms Busch told the panel.She said: "We have, in Sweden, the most installed renewables of all countries in Europe apart from Denmark."I love wind power, but it's intermittent. It comes and goes. It's asynchronous power production, which operates completely differently in the system."And there is no political willpower in the world, no matter how good I am at giving grand speeches, that can override the basic rules of physics."A lot of the money globally has gone into supporting intermittent power production, which means business cases where you have electricity production that operates completely differently in the system."I think this is also a reason why we will see money return to baseload [power], no matter whether that is nuclear or hydro or something else."A UK government spokesman said: "New nuclear power stations, including small modular reactors, will play an important role in helping the UK achieve energy security and clean power while securing thousands of good, skilled jobs."Thanks to decisive action, there are four companies shortlisted in Great British Nuclear's SMR competition, and as confirmed in the Budget, contract negotiations are underway." |
In Today's D Tele. looks good for SMR's
Wind farm output hits a new low
Key figures
23 gigawatts: Peak output from UK windfarms, in December 2024
10 gigawatts: Average output on normal days
120 megawatts: This week's calm weather left wind producing just 0.5pc of UK power.
Currently the UK is importing 10% of electricity from the EU.
In addition, Starmer gave guarded approval for a LHR 3rd runway.
Reeves shuns Milibannd citing growth. I think finally, The Marxists have got the business acumen mentality.
With realising Trump is not all baad. |
https://simplywall.st/stocks/gb/capital-goods/lse-rr./rolls-royce-holdings-shares/news/an-intrinsic-calculation-for-rolls-royce-holdings-plc-lonrr-1 |
Results soon and £6.50 on the cards |
800p wow that's truly coming |
Mine 4 bagged today, happy bunny but not selling yet. |
Still holding my 90p average shares 😊 |
I think the cards have a bit more than that nr ;-) |
623p makes it a 10 bagger for me! It’s on the cards |
Hear hear. |
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