Rolls-royce Share Discussion Threads

[alexios1201] 27/9/2020 20:26

Alliance News) - Moody's Investors Service on Friday downgraded Rolls-Royce Holdings PLC's corporate family rating, offering a bleak outlook for the jet engine maker's balance sheet should it not turn to fundraising.Rolls-Royce's CFR rating was nudged down to Ba3 from Ba2, with the outlook remaining negative."Today's rating action reflects a worsening outlook for recovery of flight hours and deliveries in the company's large commercial engine division over the remainder of 2020 and in 2021," Moody's said.The Covid-19 pandemic has sapped demand for air travel and emptied skies, hurting both carriers and aftermarket providers such as Rolls-Royce."The ratings added that the company's expectations for cash outflows in 2020 and 2021 are at the "higher end of Moody's estimates".This "could put pressure on liquidity and balance sheet metrics in the absence of further finance raising".Rolls-Royce earlier on Friday noted what it called "continued media speculation" regarding the possibility of undertaking a fundraising, but the jet engine maker said that no final decision had been taken.Sky News reported on Friday afternoon that the Kuwait Investment Office was in talks with the Trent 1000 engine maker about its potential GBP2.5 billion fundraising. In addition, the Financial Times, citing three people with direct knowledge of the matter, had reported on Sunday that Rolls-Royce was in talks with sovereign wealth funds, including Singapore's GIC, to raise GBP2.5 billion in October.Moody's said there are concerns a fundraise "would not be sufficient to maintain a balance sheet commensurate with a Ba2 rating", another reason for Friday's downgrade.Rolls-Royce shares closed up 3.1% at 154.75 pence on Friday but are down 77% so far in 2020.By Eric Cunha; [e-mail]

[blueball] 27/9/2020 20:07

50p tomorrow ..?

[albert3591] 27/9/2020 18:06

Must be a joining together of some of these type of companies.

[vikingwarrier] 27/9/2020 18:04

Maybe BAE Systems will take them over.

[albert3591] 27/9/2020 18:01

Glad I didn’t buy at 157.also at 165 fortunate to say the least.Good luck if you are holding.

[hamhamham1] 27/9/2020 17:39

I think it's going up.
Time will tell.

[costax1654x] 27/9/2020 16:21

100p raise

[owenski] 27/9/2020 15:29

Another bargepole stock.

[careful] 27/9/2020 14:59

Amazed they did not raise funds earlier.
Maybe the directors want to be taken over by HMG.(again)
Why should they give a damn.

Old fashioned capitalism and a share owning democracy is dead.
Shareholders rights trampled over.

[ammu12] 27/9/2020 14:24

Unless they release a positive rns...

[enormouswillie] 27/9/2020 14:16

Well either way, the share price is going to crash down again tomorrow morning for a fact!

[careful] 27/9/2020 13:50

if they ask the shareholders for the lot that would be increasing the value of our present holdings by 80%.
ouch.
that would be a bloodbath to the share price.
many would cut and run.

hopefully they will raise some cash from elsewhere.

[ammu12] 27/9/2020 11:44

#RollsRoyce is poised to tap investors for £2.5billion at a steep discount to solve its funding crisis. City sources said it was considering pricing the cash call at £1 per share

[alexios1201] 27/9/2020 00:09

Rolls-Royce poised to tap investors for £2.5bn at steep discount to current share price to solve funding crisishttps://www.dailymail.co.uk/money/markets/article-8775551/Rolls-Royce-1-share-offer-raises-crisis-cash.htmlRolls-Royce is poised to tap investors for £2.5billion at a steep discount to the current share price to solve its funding crisis, The Mail on Sunday understands.City sources said it was considering pricing the cash call at £1 per share – 35 per cent below Friday's closing price of £1.54. The hefty discount – which will come as a blow to shareholders of the FTSE100 giant' – would encourage investors to back the aerospace giant which has been bled dry during the coronavirus crisis with planes grounded. Following a story in The Mail on Sunday, Rolls confirmed on Monday it was weighing raising up to £2.5billion through 'a variety of structures including a rights issue and potentially other forms of equity issuance'. The company added that it could also issue debt. Sovereign wealth funds from Kuwait and Singapore are reported to be in talks to take stakes in Rolls as part of the fundraise. Sky News reported on Friday that up to £500million of the £2.5billion has been allocated to sovereign wealth funds. An announcement from Rolls could come as early as this week. A spokesman for the company said: 'We continue to review all funding options to enhance balance sheet resilience and strength. 'No final decisions have been taken as to whether or when to proceed with any such options, the precise amount that may be raised, or any allotment of shares to any investor including any sovereign wealth fund.' 

[sr2day] 26/9/2020 22:09

this was always a disaster waiting to happen.i cannot see them surviving this with the mountain of debt that they have.takeover is the only option here.

[enormouswillie] 26/9/2020 19:41

And RR have gone from advanced engineering to currency trading and shot themselves in the head in the process

[pjml5337] 26/9/2020 18:30

Marconi was completely different, they went from military to telecoms that they new nothing about , because telecoms was the inn thing at the time , if they would of stuck with what they were good at ,they would still be here today

[enormouswillie] 26/9/2020 18:17

The vultures are circling already to pick up the pieces and the UK government will let it happen - they have the perfect excuse to do nothing

[johncasey] 26/9/2020 16:17

this has marconi written all over it..ie 0p

[sr2day] 26/9/2020 16:05

we said that 3month ago.

[tonyslyfox] 26/9/2020 00:46

We have 3 to 4 month of not good times and share price will only go down in this time or stay stagnant

[tonyslyfox] 26/9/2020 00:41

I don’t think RR can go bust as to much military contracts,it just a game of working out were the bottom is and the buying in
RR have got a lot good sh—t in the pipe line ,with turbo engines for virgins new Mach 3
Nuclear power station,and the new cryogenic reaction engines which has so many doors opening to new faster lighter drones, rockets, sabre the revolutionary space plane
Not to mention that if a vaccine comes out at end of year
And also just like Tesla found out found out that if you pump money back in while shares are low the shorters lose out and have buy back in at a lose ,can’t see shares going to low as would be too good of a deal
I want share to go down as I’m all cash at moment, I think shares might go below a pound but can’t see them getting much lower than that

[seball] 25/9/2020 22:40

Rolls Royce bargain at this price imo