Rolls-royce Share Discussion Threads

[jotoha2] 04/5/2020 15:44

Looks a bit like Charter a few years back , hedge funds forced it down from £4 to 30p and then rose like a jet , and eventually bought out for £12 a share , happy days , the low point could be anything !

[jackdaw4243] 04/5/2020 14:19

I averaged this morning, a good cull maybe just the right thing for the long term.

[minerve 2] 04/5/2020 12:23

I wouldn't touch this at all yet. Too many uncertainties.

[roger207] 04/5/2020 12:17

139p next target

[tfergi] 04/5/2020 11:31

Put 30% of my intended stake in here today waiting for 2 more significant drops or leave my stake in. 18 months plus no brainier at these levels

[dennisbergkamp] 04/5/2020 10:59

I’d wait for it to settle. Missing out on 10-15% isn’t going to matter in the longer term if it has some direction in the near future

D

[wilmo] 04/5/2020 10:43

This flagship company will weather the storm and survive. There’s a lot more to it than civil airline engines and I do believe this is a company that the Uk Gov would not let go under. Don’t think it’ll come to that although future business model will probably look different.

[careful] 04/5/2020 10:41

RR. Long term has a high value.
It is would be worth billions to united technologies (Pratt) in America, or GE.

What it would be worth to a Chinese company.?

KHI Japan and many other conglomerates would pay billions to acquire RR. or maybe a significant German company.
There is of course the golden share and the problem its defence and non civil businesses.

...but bankruptcy and 100p per share forget it. Like British Steel, there would be a queue of foreign buyers before that.

Valueact still have a significant holding, they know what they are doing.

[big1day] 04/5/2020 10:40

Plenty of derampers this morning. Ref below flying hours at 30% not zilch! and looking at graph commercial flights increasing 4% per week currently, defence sector strong, nuclear sector strong, a reduced engine build for this year but still plenty to go at. Not all Doom and Gloom will be £5 A share by end of year, bargain times IMO hxxps://www.flightradar24.com/data/statistics

[sux_2bu] 04/5/2020 10:24

Worth a punt around 100p for a bounce

[johncasey] 04/5/2020 10:07

NO PLANES,NO REVENUES..ZILCH!

[qantas] 04/5/2020 10:01

Rolls-Royce was the standout loser on the top-flight index following reports over the weekend that the aerospace and defence giant is preparing to cut up to 8,000 jobs as aircraft makers reduce production due to the coronavirus pandemic.

Please do your own research as always.

[jackdaw4243] 03/5/2020 16:20

All ready factored in, a good entry point. in my case may break a rule and add to an "offside position" for long term.

[sh1984] 03/5/2020 11:18

Nothing new there he sold out over a month ago and the shares have risen since.

By the way 25% of RR aerospace revenue comes from China so this is great news.

[darrin1471] 03/5/2020 10:59

Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in the four largest US airlines.

Speaking at the annual shareholders' meeting, Mr Buffett said "the world has changed" because of the coronavirus.

The conglomerate had an 11% stake in Delta Air Lines, 10% of American Airlines, 10% of Southwest Airlines, and 9% of United Airlines, according to its annual report and company filings.

“I don’t know if two or three years from now if as many people will fly as many passenger miles as they did last year,” he said.

“If the business comes back 70 or 80 per cent, the aircraft doesn’t disappear. You've got too many planes.”

[johncasey] 03/5/2020 09:24

big crash monday down fifty qer cent

[jackdaw4243] 03/5/2020 09:04

Sad news for Derby

[jackdaw4243] 03/5/2020 09:03

Darrin
The papers are better informed than employees.

[neilyb675] 02/5/2020 17:21

10% up Monday

[darrin1471] 02/5/2020 15:12

FT

Rolls-Royce is preparing to cut up to 8,000 jobs, the biggest single reduction in more than 30 years, after aircraft makers Airbus and Boeing slashed production to cope with plunging demand from airlines struggling to survive a collapse in global air travel.

Senior executives of the UK aero-engine maker have begun work on a restructuring plan that would shrink the 52,000-strong workforce by up to 15 per cent, according to several people inside the company. 

It follows Ryanair’s announcement on Friday that it is preparing to cut 3,000 jobs, or 15 per cent of its 19,000 workforce, and IAG’s plan to slash 12,000 staff at British Airways, or almost 30 per cent of the 42,000 employed.

An announcement on a final figure is not expected before the end of May, when Rolls-Royce has said it will update employees. Discussions have just begun with unions, the sources said, and measures could still be found to mitigate the final number. However, the scale is still likely to be larger than after 9/11 when the group cut 5,000 jobs, two people said.

News of the planned job losses, which are expected to hit the UK civil business hardest, will be a blow to the government that had hoped to preserve employment by offering wage support programmes.

However, these only last until June and the global aerospace industry is now bracing for a sharp and protracted fall in demand after more than a decade of booming orders.

Government restrictions on travel in the battle against the coronavirus pandemic have brought global aviation to a virtual standstill and Airbus and Boeing have both said it will take several years to recover to 2019 levels. The world’s two biggest aircraft makers in recent weeks have slashed production by 35 per cent and 50 per cent, respectively. 

Rolls-Royce, focused on the long-haul segment of aviation that is expected to take the longest to recover, has also had to respond to the collapse in demand, said two people with knowledge of the situation.


The FT View
BA job cuts signal depth of crisis for airline sector

Stephen Daintith, finance director, told employees this week that the group expected its civil aerospace business to be a third smaller as a result of the crisis and that job losses could be expected.

Last month, Rolls-Royce suspended its dividend for the first time in more than 30 years, cut back on capital expenditure and ditched its target to achieve £1bn in free cash flow by the end of this year. The group is also considering cutting research and development investment, and slowing its next-generation engine programme, UltraFan.

“The impact of the Covid-19 pandemic is unprecedented,”; the company said. “We have taken swift action to increase our liquidity, dramatically reduce our spending in 2020, and strengthen our resilience in these exceptionally challenging times. But we will need to take further action.”

The vast majority of the job cuts are expected to hit the civil aerospace business, which employs 23,000 people worldwide and accounts for roughly half the group’s 2019 revenue of £15.4bn.

The UK’s 16,000 civil workforce is expected to bear the brunt of the cuts and, in particular, Derby, historic home of the 116-year-old company. About a quarter of the UK civil workforce has already been furloughed. Job losses are also expected in the civil operations in Singapore and Germany, as well as central and support functions.

This will be the latest in a series of restructurings and job loss programmes to have hit Rolls-Royce’s workforce since a string of profit warnings starting in 2013. This year was supposed to have drawn to a close a two-year plan to cut 4,600 support jobs.

In the past, job cuts have focused on managers, support staff and engineering staff. This time however, the cuts will affect the factory floor. “We have got to the point where this has to be done for the viability of the company,” said one person close to the subject.

[jackdaw4243] 02/5/2020 10:16

So I understand, end of May

[ljhrunner12] 01/5/2020 18:46

There are a lot of open vacancies in RR's defence business that will be filled by permanent staff from the Civil Aerospace division, and that process of displacement has already begun

[jackdaw4243] 01/5/2020 16:49

Careful

Don,t they have to book their time to something as they are not directly employed, my involvement with Hunting springs to mind.