Rolls-royce Share Discussion Threads

[boraki] 07/3/2018 14:21

Hopefully the Americans will push this up more this pm, although the dow futures do not look good.

Hopefully they will

Good luck all holders

[wad collector] 07/3/2018 09:36

Indeed , good to see something in my portfolio outperforming. Listened to Warren East on R4 news this am , sounded like he was being frank about the Trent 900 and 1000 issues.
There is a lot of information in there ; too much for me to read or analyse. 11.4p per share is an unimpressive yield ; share price is about future earnings I guess.

[ch1ck] 07/3/2018 08:22

Up 11% already, the markets love the news

[minerve] 06/3/2018 18:01

I forget about the tariff thing until it is reality but market sentiments don't sadly. You only have to say 'BOO' nowadays and the FTSE collapses.

[minerve] 05/3/2018 09:10

I think the import tariff issue is weighing on sentiment at the moment. Where will all this end? Rolls-Royce may eventually be affected to the benefit of General Electric and United Technologies.

[1bonanza] 05/3/2018 08:09

Market not impressed by looks.

[grahamburn] 04/3/2018 15:44

Warren East to take axe to management numbers again at Rolls-Royce
Simon Duke
March 4 2018
The Sunday Times


About 600 executives and senior managers have left Rolls Royce since Warren East took charge in 2015

Rolls-Royce is preparing fresh cuts to its management ranks as boss Warren East accelerates his plan to revive the engineering giant.

He has hired consultant Alvarez & Marsal to help streamline the Derby-based company, which has a reputation for stifling bureaucracy. It is thought the overhaul could see hundreds of long-serving staff eased out of the FTSE 100 stalwart.

East, a former chief executive of chip designer ARM, is in the midst of an overhaul of Rolls-Royce, and has frequently expressed his frustration at the slow pace of change. Since 2015, when he took charge, about 600 executives and senior managers have left.

The company is one of the jewels of Britain’s hi-tech manufacturing industry, employing almost 50,000 workers, roughly half in the UK. It makes engines for Boeing and Airbus aircraft as well as for the Eurofighter Typhoon. It also builds propulsion systems for Royal Navy nuclear submarines and train and tanker engines.
Yet Rolls-Royce has been brought low by a bribery scandal that took place under East’s predecessors, which saw it pay £671m in fines worldwide. In 2016, it reported a pre-tax loss of more than £4bn.

In January, in an attempt to simplify the company’s sprawling structure, East laid out plans to consolidate its five divisions into three, focusing on civil aerospace, defence and power systems. He also put the civil marine business up for sale.

East, 56, will this week provide an update on his revival efforts alongside annual results. Rolls-Royce clocked up underlying pre-tax earnings of £878m last year, according to analysts.

East is hoping to boost annual cash flows from an estimated £129m last year to £1bn by 2020. By that time, the company is expected to have claimed more than 50% of the market for engines for wide-body aircraft. As these planes take to the skies, Rolls-Royce should cash in from service contracts and spare parts, said analysts.
Last week, East admitted he had underestimated the challenge he faced when he became chief executive. “I didn’t know quite how bad it was. I don’t think anybody did,” he told The Times.

“There was an accounting fog. We were reporting profit that looked good but if you looked at the numbers, we hadn’t faced up to the reality of it: a big gap had developed between profit and cash.”

[standish11] 21/2/2018 19:16

Rolls-Royce 'confident' XWB will not suffer Trent 1000 issues

Rolls-Royce is confident that its Trent XWB powerplant for the Airbus A350 will not be afflicted by similar technical problems which have emerged on the Trent 1000.

The A350 family is exclusively powered by the Trent XWB – the -900 variant is fitted with the XWB-84 and the larger -1000 has the higher-thrust XWB-97.

Speaking during the delivery of the first A350-1000 to Qatar Airways, newly-appointed Rolls-Royce civil aerospace chief Chris Cholerton said the XWB engine had "performed superbly" over the three years since service entry.

Cholerton was the programme director for the XWB-84 and says the engine has completed 1.3 million flight hours, around 25% of which were with Qatar Airways.

This shows the powerplant has "demonstrated that reliability in some pretty arduous environments", he says, putting dispatch reliability at 99.9%.

While acknowledging the difficulties experienced by some operators of Trent 1000 engines on Boeing 787s, relating to compressor blade durability, Cholerton says he has "very high confidence" that the Trent XWB will not face similar or related issues.

He says that the XWB has a different architecture, and adds: "[The] magnitude of testing, the magnitude of experience we have, and the experience to date in the fleet – of those 1.3 million flying hours – has been exceptional."

For the -1000 the XWB-97 incorporates an improved, higher-speed fan, a larger core, and new materials and coatings for protection.

The manufacturer ran 10 XWB-97 development engines over 3.5 years, exposing them to extreme conditions in five countries, and logging over 11,000 simulated flight cycles, as well as 1,600h of flight tests.

Cholerton claims the XWB has "set a new record for reliability" for entry into service of a large commercial air transport engine. Rolls-Royce says the engine type accounts for about 40% of its order book.

[rogerrail] 09/2/2018 15:57

Another "nice" order for Trent powered A350-900's.

[arf dysg] 06/2/2018 17:07

WOMAN WHO FAINTED ON THE LONDON EYE SAID TO BE COMING ROUND SLOWLY

POST-BREXIT STATUS TO BE "FREE UNITED KINGDOM WITH INDEPENDENT TRADING STATUS"

UNDER-18s TOO IMMATURE TO VOTE, SAYS MINISTER FROM PARTY TOO USELESS TO GOVERN

INGVAR KAMPRAD'S FUNERAL POSTPONED AS NO-ONE CAN ASSEMBLE HIS COFFIN

[rogerrail] 31/1/2018 15:59

some interest being generated to aquire the marine business:

hTTtp://www.gulf-times.com/story/579935/Rolls-Royce-marine-unit-is-said-to-draw-European-a

[rogerrail] 22/1/2018 14:43

Nice order for the Trent 1000 TEN for 10 787's



Fingers crossed they follow this up with an engine order for 40 787's for Emirates and the 36 A380's recently ordered.

[wad collector] 17/1/2018 13:31

15 January 2018

STATEMENT RE: PRESS SPECULATION

Rolls-Royce notes the recent media speculation and confirms that it is reviewing its strategic options for L'Orange.

Irrespective of the outcome of this review, Rolls-Royce intends to maintain close ties to L'Orange, either as an owner or as a key customer.

This review has no impact on the remainder of the Rolls-Royce Power Systems business and any decision about the future of L'Orange would be subject to the approval of the Supervisory Board of Rolls-Royce Power Systems.

A further announcement will be made as appropriate.



That made no impact on the share price , whilst today's announcement seems to be well received.
ROLLS-ROYCE ANNOUNCES FURTHER SIMPLIFICATION OF BUSINESS,

STRATEGIC REVIEW OF COMMERCIAL MARINE OPERATION

AND PLANS TO RESTRUCTURE SUPPORT AND MANAGEMENT FUNCTIONS

Rolls-Royce announces that it is embarking on a further simplification of the business, including the evaluation of strategic options for our Commercial Marine operation and a reduction from five operating businesses to three core units based around Civil Aerospace, Defence and Power Systems. As part of this exercise, we plan to consolidate our Naval Marine and Nuclear Submarines operations within our existing Defence business, and Civil Nuclear operations within our Power Systems business. This will facilitate a more fundamental restructuring of support and management functions in particular.

These actions are designed to align our business more closely with our strategic vision to pioneer cutting-edge technologies that deliver vital power. It will allow us to better capitalise on our relationships with Defence customers and our market leading widebody position within Civil Aerospace, while strengthening our technology capabilities across a broad range of power generation applications. We would expect the subsequent restructuring to deliver an additional reduction in costs and assist us in improving performance from our core businesses and the whole Group. We are in the process of defining this restructuring and further details will be given at the time of our 2017 financial results on 7 March 2018 and a fuller discussion at a Capital Markets event later this year.

Chief Executive Warren East said: "Building on our actions over the past two years, this further simplification of our business means Rolls-Royce will be tightly focused into three operating businesses, enabling us to act with much greater pace in meeting the vital power needs of our customers. It will create a Defence operation with greater scale in the market, enabling us to offer our customers a more integrated range of products and services. It will also strengthen our ability to innovate in core technologies and enable us to take advantage of future opportunities in areas such as electrification and digitalisation."

"Alongside the simplification into three operating businesses, we must continue to address the cost and complexity of the structures that support and serve these businesses, including our corporate head office, with greater decisiveness. Taking this action now will help secure the long-term benefit for our business and stakeholders of the growing cash flows that will be generated over the coming years. At the same time, our operational teams must continue to focus on managing in-service issues within Civil Aerospace and delivering the current increase in engine production."

[rogerrail] 15/1/2018 15:39

Order from Turkish airlines for 20 A350's with options for 5 more, and separate order for 5 x A330 tankers for Europe

[rogerrail] 15/1/2018 15:31

RR looking to sell L'orange :

[standish11] 14/12/2017 13:07

It is well documented that RR has had reliability problems with its Tremt 1000 engines on the Boeing 787 and it will be interesting to see whether the recently introduced Trent 1000 TEN resolves the problems.
Meanwhile the competing GE engine continues to experience significant problems as the incident at Amsterdam earlier this week illustrates:-
Incident: KLM B789 at Amsterdam on Dec 10th 2017, engine stall
By Simon Hradecky, created Monday, Dec 11th 2017 23:54Z, last updated Monday, Dec 11th 2017 23:54Z
A KLM Boeing 787-900, registration PH-BHC performing flight KL-891 from Amsterdam (Netherlands) to Chengdu (China), was in the initial climb out of Amsterdam's runway 36L when the crew declared PAN PAN PAN, PAN PAN PAN reporting an engine (Genx) failure right after takeoff. The aircraft levelled off at FL060, the crew reported they had lost thrust on their left hand engine, they wanted to dump fuel. The crew subsequently reported the engine had stalled, it was still running at idle thrust. The aircraft climbed to FL070, was vectored over the North Sea, dumped fuel and returned to Amsterdam for a safe landing on runway 27 about 35 minutes after departure.

The occurrence aircraft is still on the ground in Amsterdam 24 hours after landing back.
It is perhaps worth mentioning that from a RR standpoint the Trent XWB has performed exceptionally well so far.

[rogerrail] 14/12/2017 12:24

Avolon may increase initial order for 15 A330 aricraft:

[rogerrail] 14/12/2017 11:58

About 5 yrs ago, RR with their RB282 were mysteriously dumped on the Falxon 5x program in favour of a Snecma "Silvercrest" Engine Development. Well both Safran and Dassault have had their fingers well a truly burnt :



Unfortunately Dassault have now switched to P&W Canada( that will be good for the euro economy eh!!)

However RR will still benefit from this disaster

1. Delayed competition for RR powered business jets
2. Taken together with the Failure by Snecma to develop the indigenous Indian jet engine the Kaveri , RR is now undoubtedly the only serious jet engine developer in the Europe. With further expansion and integration of RR in europe particularity in Germany and Spain , any new joint European fighter jet as currently being proposed by France and Germany will need RR involvement and very likely RR will provide the core technology .

[rayrac] 14/12/2017 11:24

Well, as long as they win new orders on technical expertise and reliability. But I’ve grown very wary of RR and their performance against GE’s engines. Time the government let it off the leash?

[standish11] 10/12/2017 20:28

Qatar order for 24 Typhoons just announced should be good news for Rolls. On the commercial engine front the Singapore Airshow in earl February could bring further news of orders as it is a part of the world where RR has done particularly well in recent years.

[rayrac] 08/12/2017 15:50

About time we had an rns, stating they’d taken in new engine orders? When was the last one!

[grahamburn] 08/12/2017 15:02

Plus, according to a report in The Times today, a government consultation document is negative on the cost benefits of mini nuclear reactors:



Some extracts:

"Companies including Rolls-Royce and Nuscale have been vying to secure the government’s support for their reactor designs but instead were left with a new “expert finance group to advise how small reactor projects could raise private investment in the UK”.

and:

"Alan Woods, strategy director of Rolls-Royce’s nuclear business, welcomed the expert review into financing SMRs but said: “We do need more, we cannot continue to invest as an industry without any signal. We have been doing this now for two years under the competition. It is critically important we get some form of forward roadmap from government pretty quickly.”

Mick Gornall, of Westinghouse, another SMR developer, said that the government had been “prevaricating” and said: “If the signals don’t come the industry will lose heart.”

Rolls-Royce also said its design had not been part of the assessment and claimed it could build a first reactor for a lifetime electricity cost of £75 per megawatt-hour.

Rolls-Royce was originally planning 220-megawatt reactors but is now pushing a 440-megawatt reactor design — almost as big as some of Britain’s original Magnox reactor fleet and technically above SMR classification.

[rogerrail] 06/12/2017 12:43

Further to previous posts on SMR's , wondering if these two bits of news are connected: