eeza's second Telegraph link without paywall.
Thanks eeza. |
But would folks, especially the Americans buy it? |
I'm recently back from a holiday - three nights of which landed me in a hotel in Singapore, too close to Changi airport rather than the city centre. However, sat at the bar on the first evening were two American aerospace engineers. I got into conversation with them and we discussed jet engines as they were involved in the setup of diagnostic equipment to allow repair and maintenance of such.
They warned me of a Chinese jet engine maker that was developing an engine that could compete.
Shades of DeepSeek and Nvidia perhaps? |
27 February 2025 - Full Year Results! |
2024 Full Year Results due out tomorrow |
Musk agrees with Scale AI CEO suggesting DeepSeek has more Nvidia chips
Tesla (TSLA) CEO Elon Musk seemed to agree with CEO of Scale AI Alexandr Wang suggesting that China's DeepSeek has about 50,000 H100 Nvidia's (NASDAQ:NVDA) chips, which they can't talk about due to U.S. export controls.
"My understanding is that Deepseek has about 50,000 H100s, which they can't talk about obviously because it is against the export controls that the U.S. has put in place. I think it is true that they have more chips that people than other people expect. But on a go forward basis, they are going to be limited by the chip controls and the export controls that we have in place." Wang said in a Jan. 23 interview with CNBC.
Musk replied "Obviously" to a post from a user who had posted Wang's interview on his feed on Jan. 24.
On Monday, DeepSeek restricted registration to China mobile phone numbers.
Shares of Nvidia fell about 11% on Monday, and were among many other tech stocks which were in the red. |
1224, drop in AI shares due to deepseek , if true the amount of energy needed to power datacentres for AI may be much less (and less SMRs needed) |
All good press over the last few days and we drop today? |
 I think the jungle drums are finally starting to beat for RR SMR's ! https://stocks.apple.com/ADIrD0rwxRrSGVPi41NA4UQENERGYRolls-Royce's Nuclear Ambitions Mushroom ;Everything's better under the sea. Including nuclear reactors. Just ask Rolls-Royce (a.k.a. Rolls-Royce Holdings, the aerospace and defense manufacturer, not to be confused with the luxury carmaker that's been a wholly-owned subsidiary of BMW since 2003). On Friday, the company notched its biggest-ever contract with the UK government's ministry of defence, worth £9 billion ($11.2 billion), to build nuclear reactors for Royal Navy submarines. This fits into a broader picture of Rolls-Royce's expanding nuclear ambitions, which are starting to go beyond the submarine market.Going SmallNuclear energy, which has in the past often suffered from much-missed deadlines and ballooning costs, is having a moment. The AI hypecycle is driving demand for data centers, which in turn is driving demand for electricity. With tech companies scrabbling for whatever supply they can lay their hands on, nuclear has emerged as a big winner from the electric gold rush.Even before the AI craze kicked off, governments were starting to nose around nuclear, specifically a new kind of reactor called small modular reactors (SMRs) to fill in gaps for dispatchable energy in their decarbonization plans. Rolls-Royce, which has been making reactors for nuclear subs for 60 years, has hitched itself to the SMR wagon:In May last year, Rolls-Royce announced it was partnering with the University of Sheffield to build an SMR manufacturing and testing facility. Going beyond Albion's shores, Rolls-Royce's SMR division won approval in September from the government of Czechia to develop SMRs in the European nation. ? Need for Speed: The problem is, you literally can't build them fast enough. Goldman Sachs analysts released a report on Friday predicting electricity usage by data centers will double by 2030, and that by that deadline there would only be enough nuclear power online globally to fuel 10% of that demand. Of course, one quicker solution than building a power station from scratch is to fire up a retired one. That's what Microsoft is doing to Three Mile Island, and last week, The Wall Street Journal reported South Carolina's state-owned utility Santee Cooper is on the hunt for buyers to help it restart construction on two abandoned reactors that were mothballed in 2017.Smart, actionable news?trusted by millions.Get sharp news & analysis on finance, economics, and investing-all for free. |
City bank Jefferies sees Rolls at 800p a share as its top pick in European aerospace and defence
Erginbilgic’s focus on commercial optimisation and cost efficiencies has led to the restoration of investment-grade credit ratings, meaning Rolls is able to declare a dividend with annual results on 27 February. It intends to make a payout equivalent to 30% of post-tax underlying profit. |
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. |
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