Rolls-royce Share Discussion Threads

[hamhamham1] 27/8/2020 12:14

Time will tell :)
I have a third of my cash on the sidelines, in case opportunities arise.

[geckotheglorious] 27/8/2020 12:10

Great Hamham,

So the next results wont have any more decks to clear then???

:)

[rogerrail] 27/8/2020 11:40

I think the mistake was not political and wether or not the boss is a remainer or a brexiteer, but in his choice for the appointment of the FD.Not the first accountant to make a major blunder that has cost RR dear. John Rishton a previous BA. FD who was appointed to CE of RR was the idiot who took them out of the IAE joint venture and hence out of the booming short haul narrow ailse segment and at the same time RR also lost its foothold in the regional aircraft market. His 3C's strategy significantly increased business risk and resulted in the loss of diversification that would have been a mitigation in the current crisis.

[dope007] 27/8/2020 11:20

It looks a basket case after those results. After waiting on the sidelines for the results I think I'll stay away

[rogerrail] 27/8/2020 11:17

Whilst I agree being out of the EU is a negative for RR, Tempest currently involves Italy and Sweden and the last time I looked they were both part of the EU!

[careful] 27/8/2020 11:01

The directors were worried about Brexit that is true.

On the military side there were several European projects over the years which gave RR and B.Ae. design leadership.
Typhoon, Tornado, Jaguar are just 3 successful examples that led to many exports and years of work.

The latest generation aircraft the Tempest is ready to go into the next phase, but without our EU. partners it would be very expensive.
The EU. were anxious to retain independence from America with regards to defence equipment, and that was good for RR.

If the Tempest fails, and Airbus rethink the sourcing of Airbus wings by B.Ae. post Brexit, some say it will be the beginning of the end for much of the UK aero industry.

Well done Boris, well done Nigel, and all of those Brexit voters.

[svenice7] 27/8/2020 10:44

Losing 3 billion in hedging, clearly the boss was a remainer and his political views and emotions have wrecked Rolls Royce. He needs to be fired.

[careful] 27/8/2020 10:01

Maybe the disposals are to make RR. clean for merger or takeover.
But who would want to own the liabilities?
It would be like marrying someone with a huge mortgage and debts.
The usual fiddle is to sell off the good bits and leave the debts with the rest.

[ammu12] 27/8/2020 09:51

Bae, mro & rr should merge

[geckotheglorious] 27/8/2020 09:45

Game over really..A takeover ensures this company's long term survival.
Civil aviation wont recover for a few years.

Perhaps a BAE acquisition in order. Keep it British

[g2theary] 27/8/2020 09:44

Will it get to sub 200p today...

[wad collector] 27/8/2020 09:40

Interesting to hear the BBC4 interview this am ,when CEO suggested that it will take until 2025 to reach 2019 levels again. Ouch.

[careful] 27/8/2020 09:35

What a mess.
Good to see the CFO out.

How they can make such losses on hedging currency year in year out.
They have lost billions on hedging.
Stupidity and incompetence.

And then there is Covid on top.

They will probably be a rights issue, but for what.
To burn cash hoping that things will one day return to normal?

Still holding, very cheap, all in the price.
Feel sorry for those who still hold from £12.80 days.

[hamhamham1] 27/8/2020 09:16

Bought a thousand today, a lot of exorcism in H1.
Clearing the decks, hopefully :)

[investtofly] 27/8/2020 09:04

More airlines are adding to their schedules as of September at Heathrow.Plus the support for Virgin So things should pick up for RR.

[creddy] 27/8/2020 08:20

2bn credit loan facility and 2bn disposals potentially, perhaps a rights issue won't be necessary.

[eodfire] 27/8/2020 08:18

I mean what we're people expecting...

[eodfire] 27/8/2020 08:16

You would think the bad numbers would have been baked in? Obviously not, maybe worst than anticipated then.

[ammu12] 27/8/2020 07:56

Crazy numbers here.Scary

[standish11] 26/8/2020 19:33

(Alliance News) - Rolls-Royce Holdings PLC has confirmed plans to shut its aerospace factory in Nottinghamshire and is looking to merge sites in Lancashire as part of a recently announced shake-up in the face of the pandemic.

The jet engine maker said it plans to close its site in Annesley by the end of 2022 in a move impacting around 120 staff, though the group is hoping most will transfer to its base in Derby.

But around 350 jobs are under threat as it revealed plans to stop making wide chord fan blades for new engines at its Bankfield site in Barnoldswick, Lancashire, by autumn 2023.

It will shift the work to its Singapore site.

It is also considering merging its Ghyll Brow base with the nearby Bankfield site as part of a group-wide restructure to save GBP1.3 billion in response to the coronavirus crisis.

The cuts are part of the mammoth 9,000 global job losses it announced in May to adapt to plunging demand after the aviation industry was hit hard by the pandemic.

[creddy] 26/8/2020 15:34

Over a billion half year loss to be announced tomorrow apparently. No major surprise there but what effect on share price I wonder. Seems the cull has started today in anticipation.

[jackdaw4243] 25/8/2020 10:29

Careful
If you have an MsC in engineering and design experience then not much of a problem, internally or outside so I am told.