Rolls-royce Share Discussion Threads

[rogerrail] 09/8/2016 21:58

Bad news for GE on B787:hTTp://mobile.abc.net.au/news/2016-08-09/jetstar-asks-manufacturer-to-explain-new-engine-problems/7703540

[tlobs2] 09/8/2016 15:53

The news gets better and better .............


UK industrial output grew at the fastest rate for 17 years in the April-to-June quarter, official figures show.

Industrial output grew 2.1% compared with the first quarter of the year, the Office for National Statistics said.

Despite the quarterly figures there were signs that growth on a monthly basis was slowing during the three-month period.

But the ONS said "very few" respondents had been affected by the uncertainty from the EU referendum vote on 23 June.

The production figures reflect the latest official growth figures for the whole economy which show strong GDP growth in April, followed by a sharp easing off in May and June.

[penycae] 05/8/2016 15:12

Well done with that trade. Fall looks to have been a gap fill exercise by some fund or other. Starting to rise now. Hope it continues.

[tlobs2] 05/8/2016 14:54

I've just bought back the block that I sold for £8:45 last week for £7:46.

The price can now start to rise again :-)

[jdb2005] 05/8/2016 09:24

Looks like RR. is heading back up to 760 today - orders keep coming in for its new engines which are more economical than competitors.

[dafrog] 31/7/2016 23:26

Ships often return to home port for leave periods. Sky kids inventing stories as usual.

[drradcliffe] 31/7/2016 21:05

I think you're right, £10 in 12 months or so. The share price reflects an improving situation, so while not a bargain at today's figures there is enough in the latest results to encourage institutions to buy now for future growth in free-cash flow, and a progressive dividend policy. If Sterling remains weak then improved earnings look pretty well certain. If interest rates fall again, a further reason to buy shares like this. I wonder if RR. could benefit from the Hinkley Point situation - a new "mixed" energy strategy with some new nuclear capacity using smaller factory assembled reactors at locations such as Wylfa and Moorside.

[tlobs2] 31/7/2016 20:25

I did sell a block at £8.50 thinking (gambling !) that it would fall back after the huge rises earlier in the week. I still see RR at £10:00 plus in the coming months (12 months?)

[minerve] 31/7/2016 12:35

I thought that the MOD specification was where the error was made. I understood the tax payer picks up the bill - not the engineers who delivered the system and sub-systems.


By-the-way, does anyone else think these shares are over-valued at the moment?

[togglebrush] 31/7/2016 08:37

The news about the engines on the Type 45 not working in warm water may reflect on Rolls but they were only responsible for the gas turbines.
'
The design was NEW and attributed to other companies. The intercooler appears to be the problem which wasn't Rolls responsibility. See paper, with brief extracts, noted below.
'

'
The Royal Navy is the first user of the WR-21 Intercooled and Recuperated (ICR) gas turbine engine in its Type 45 Air Defence destroyer
'
The prime contractor in the design and development programme has been Northrop Grumman Marine Systems (NGMS) with Rolls-Royce as the major subcontractor responsible for the design of the gas turbine. In addition Honeywell are subcontracted for the design and supply of the intercooler, Ingersoll Rand Energy Systems (IRES) for the recuperator, and CAE for the EEC.

[tlobs2] 28/7/2016 11:35

I think we've now peaked and paused for breath.......... Let's hope that we can hold on to £8.20 as a minimum.

[melfaraj] 28/7/2016 11:18

RR. now up 18%.
it appears that some short sellers are buying back! Rush!!

[bench2] 28/7/2016 11:04

Judging by the current move to 860p some hedgies must have been short

[tlobs2] 28/7/2016 10:37

What a tremendous couple of days ...... RR, TW and ITV :-)

[csmwssk12hu] 28/7/2016 10:23

Are these been taken over that's a big rise

[simongn] 28/7/2016 09:41

Quite nice to get back to BE from being £40k down at one point :-)

[tlobs2] 28/7/2016 08:52

Corner well and truly turned.

Well done to all at RR :-)

[bigloz32] 28/7/2016 08:37

Write down purely an accounting measure, it has no impact on cash position.

[wad collector] 28/7/2016 08:25

Results look good if you can ignore that big writedown , which the market clearly can this morning.

[bigloz32] 28/7/2016 08:25

Nice steady set of results.

[simongn] 27/7/2016 08:42

From here:

28 July 2016 - Rolls-Royce Holdings plc 2016 Half Year Results

[ianood] 24/7/2016 20:26

It's only a book entry, not physical cash.

[simongn] 24/7/2016 18:32

The whole point of a hedge facility is to offset changes in currency, it's doing exactly as it should . . . wasn't the 3% fall on Friday a reaction to this "news" ?

[seball] 24/7/2016 14:58

Expect share price to take a hit on write down news imo

[simongn] 24/7/2016 10:07

"Rolls-Royce set to reveal £2bn write-down as sterling's plunge weighs"

"Sterling’s plunge in the wake of the Brexit vote will mean Rolls-Royce will take a near-£2bn write-down.

The FTSE 100 company’s half-year results are set to show a huge charge against the value of the company’s $29bn hedge book, which Rolls uses to protect itself against currency fluctuations in the aerospace industry, where deals are done in US dollars.

Accounting rules mean Rolls has to value its hedge book on the last day of the accounting period for its interim results. This was June 30, just days after the Brexit vote which caused sterling to crash to $1.33, compared with $1.48 it was at when Rolls valued its hedge book at the last results."

More: