Rolls-royce Share Discussion Threads

[simongn] 09/6/2016 17:31

From:

"Airbus delays delivery of China Airlines’ first A350 XWB"

"Airbus said the delivery delay is the result of a backlog of aircraft ready to enter cabin completion stations on the final assembly line, according to a China Airlines statement."

[gbb483] 09/6/2016 15:39

Sitting down on the job?

[standish11] 09/6/2016 14:36

Just to be clear,there is no suggestion insofar as I am aware that RR are to blame for the delay in the despatch .of the A350 to China. The (French) supplier of the seats is the main cause of the delay according to Airbus.

[careful] 09/6/2016 13:57

A long term business.
Airlines often order years ahead of planned delivery.
I was assuming a few months either way cannot make that much difference.

Maybe Amazon will start producing engines on a same-day delivery basis.

[minerve] 09/6/2016 13:28

careful

Regardless of what I have just said though I think your purchase below 600p will eventually lead to a good one if held long enough. My buy price for this is roughly penciled in as anything below 600p.

[minerve] 09/6/2016 13:26

careful

There is a huge impact for long-term investors if deliveries are late. Late deliveries kill the confidence of customers in suppliers and cost them £Ms in this business. What is the cost of a plane being delivered two months late? What is the cost of a drilling rig sat idle for two months because of lack of power? Late deliveries ultimately lead to lack of trust and confidence in suppliers and eventually change in supplier. To me, as a long-term investor, that is something I just simply don't want to hear.

[alphahunter] 09/6/2016 11:34

Delivery of the A350XWB to Air China postponed by a few months.

[standish11] 09/6/2016 11:27

Extract from newsletter per Bloomberg.
For many at the moment ‘transformation’ is simply unpleasant.
I appreciate that this is a difficult environment, difficult enough just to do the job, without people like me preaching about ‘pace’.” Several people inside Rolls-Royce and some suppliers said that while the restructuring programme was widely acknowledged to be necessary, the serial cuts were beginning to affect morale. “People don’t know if they will have a job,” said one person. In his update to staff, Mr East reminded Rolls-Royce staff that “the prize is great” if the group is able to adapt to new ways of working. If we really want to be the Rolls-Royce of our industry we must push through overdue changes we all know we have to make - Warren East “If we really want to be the Rolls-Royce of our industry we must push through overdue changes we all know we have to make,” he said. He cited some changes already taking place, including his own decision to do away with hiring a car when travelling to Heathrow on business and instead using the underground. Mr East admitted that investors struggled to understand his confidence in Rolls-Royce’s second half performance, but said this was down to “timing of defence contracts, product mix, volumes in civil [aerospace] and a heavily skewed second half in power systems”. Mr East spoke of “great opportunities” in the company’s power systems business, which makes engines for sectors including oil and gas, construction and mining, although some of these industries are experiencing sharp downturns. Rolls-Royce declined to comment on Mr East’s update to staff.

[careful] 09/6/2016 09:43

good info.
despite all that i have topped up today at 590p.

[standish11] 09/6/2016 09:40

The FT article,which I am unable to copy,is not as negative as is being implied. The CEO reiterates that H2 performance will show a substantial improvement over H1 because of the phasing of defence and power generation contracts. He is concerned about staff morale in the light of impending staff cuts but there is an imperative need to radically increase productivity.

I recall that within the past week Airbus complained several suppliers were causing significant production bottlenecks because of late deliveries of fittings and components but RR was not named as being one of the culprits. The A350 xwb production has to be ramped up massively over the next few months to meet 2016 delivery targets and Rolls will inevitably have to play its part by supplying the Trent XWB engines in a timely fashion.

[careful] 09/6/2016 08:45

p.s.makes no difference to longer term investors if deliveries are a bit late.
they will be pushed into the next year.

[careful] 09/6/2016 08:43

is this just a new type of profit warning?
rallying cries should be a private matter between management and workers.

all of this showboating for the City.
most RR. employees will not even know about it, too busy for that PR guff.
getting worried about Warren East.

[tlobs2] 09/6/2016 08:10

Smart move Warren. Are you looking to get the share price down to a fiver?

[simongn] 09/6/2016 07:26

"Rolls-Royce chief issues rallying cry"

"The chief executive of Rolls-Royce has warned staff that the engineering group is running behind with deliveries to customers, and urged employees to redouble their efforts to ensure that challenging profit targets for this year are hit.

Warren East, writing in an update to staff, insisted that the “business remains in reasonable shape with opportunities and issues broadly balanced”. However, he added: “Delivery issues mean there is a lot to do in the second half and hence a higher risk.” "

More:

[tlobs2] 01/6/2016 14:10

Are the PR executives at RR on a six month holiday or what?

Some news would be good from time to time ;-)

[minerve] 01/6/2016 12:36

SFO are living in a utopian cloud cuckoo land. Pay the bribes, get the business, support the jobs and families of UK employees who depend on it. Morals have to be put aside for the benefit of taking care of your own sometimes. When these countries exhibit the right culture and need to have transparency and fairness for all involved we will then look to the SFO to support that cause, at the moment they are just behaving like a pest.

[wad collector] 23/5/2016 11:28

Our successive Governments have , of course , never made any payments in return for business. Like £474 Million Foreign "Aid" to Nigeria last year has nothing to do with oiling the wheels of business , despite the open acknowledgement of the corrupt nature of the regime there.

[gbb483] 20/5/2016 23:18

In some countries, bribes are an accepted part of the price of doing business. If you don't bribe, you won't be in business.

[ccraig69] 20/5/2016 20:23

If you need to bribe you have no business doing business

[scobak] 20/5/2016 12:11

Bribery is an accepted way of life in Nigeria and other places. If you don't play the game you don't get the business. As GBB says 'when in Rome....'.
I had a friend who colour photocopied his driving licences for use out in Nigeria
as they were regularly seized by the police. Had the choice to leave them or pay to get them back.
The SFO are wrong or Seriously F...ing Offside.

[wad collector] 19/5/2016 21:53

I would like to see someone from the SFO go out to Nigeria (or any of about 100 countries that spring to mind from Afghanistan to Zimbabwe)take nothing with them, and negotiate a contract for anything. I think they would come back empty handed....


BTW, is it just me , or are half of the graphs on ADVFN corrupted this week?

[gbb483] 19/5/2016 19:17

Or put another way, when in Rome, do as the Romans do.

[rogerrail] 19/5/2016 15:02

Crazy, we will shoot ourselves in the foot in this country. We are determined to punish our companies when every other firm carrying out business in Nigeria is doing the same or worse ( what were Camerons words?), by default if you don't then you don't win the contract so you can find evidence on any company. IMO the SFO should stick to investigating fraud in the UK.

[standish11] 11/5/2016 11:29

Rolls-Royce despatches first set of engines as part of largest ever order from Emirates
Wednesday, 11 May 2016
Rolls-Royce has despatched the first ‘shipset’; of four engines as part of its largest ever order, for Emirates. The Trent 900 engines left the Rolls-Royce site at Derby, UK, where they were assembled, for Airbus in Toulouse, France, where they will be fitted to an A380 aircraft.
Rolls-Royce is providing Trent 900 engines and TotalCare® service for 50 Emirates A380s, the first of which will enter service later this year.
Eric Schulz, Rolls-Royce, President – Civil Aerospace, said: “This is an important milestone in delivering the largest order in our history for a highly-respected customer. We look forward to celebrating Emirates’ first Rolls-Royce powered A380 flight and ensuring the entire fleet has a smooth entry into service.”
The order from Emirates was announced last year and confirmed the Trent 900 as the engine of choice on the four-engine A380. It has now secured more than 50 per cent market share on the aircraft, in addition to being selected by the majority of A380 customers. Emirates recently confirmed that it will operate an additional two A380s that will be powered by the same engine with TotalCare service support.
The launch of the Trent 900 received UK Government support and components for the Trent 900 are manufactured by Rolls-Royce facilities across the UK including Sunderland, Bristol, Ansty, Barnoldswick and Inchinnan, Scotland. The Trent 900 is assembled in both Derby and Singapore.
The Trent 900 powered the first commercial A380 in 2007 and is now used by eight operators on more than 70 aircraft, having logged nearly five million in-service flight hours. The engine offers the lowest lifetime fuel burn, with the latest version including technology developed for the Trent XWB and Trent 1000 engines.