Rolls-royce Share Discussion Threads

[eeza] 30/7/2024 12:19

Milligoon.

[mcunliffe1] 30/7/2024 12:08

You listening Milliband?

[thegrafter] 30/7/2024 12:03

Rolls-Royce SMR has taken another major step forward. Our Small Modular Reactor has successfully completed Step 2 of the UK nuclear regulators' Generic Design Assessment. It has met the requirements of the 'fundamental assessment' and will now move immediately into the third and final Step, making it the only SMR to have achieved this level of progress.Reaching this milestone puts us even further ahead of any other SMR in Europe. Our factory-built approach uses well-established nuclear technology and reduces time to market. Our SMR has a higher energy output than our rivals, capable of providing enough clean, affordable electricity to power a million homes for over 60 years. And we are the most advanced in terms of development and regulatory approvals.When I presented our strategy at the Capital Markets Day last year, I said we would focus on opportunities that satisfy three criteria: where the market is attractive and growing, where we have a differentiated position and where we have excellent products and technology. Rolls-Royce SMR fits this perfectly.The potential of this technology is huge. It is a British solution to a global energy problem. It is essential that the UK government now grasps this generational opportunity and makes decisions on SMRs before the end of the year. The UK must capitalise on the first mover advantage that Rolls-Royce SMR represents. Proceeding at pace will deliver energy security, reduce emissions, unlock export opportunities, invigorate the domestic supply chain and make a transformational contribution to the UK economy.

[thegrafter] 30/7/2024 12:03

SMR GDA step 2 completed ! https://www.gov.uk/government/publications/gda-step-2-of-the-rolls-royce-smr-fundamental-assessment

[ribblewader] 30/7/2024 10:51

Well done skinny!

Jack The Tapper
30 Jul '24 - 10:20 - 2672 of 2672 MODERATED (Filtered)

[pal44] 30/7/2024 09:04

Hope we have good news on Thursday . Good luck to all long term holders .

[vikingwarrier] 29/7/2024 21:09

The supply chain Is stretched because order books are so full.It takes time to ramp up. Heck we even have Airbus talking about bringing back the 380.

[foreverbull] 29/7/2024 19:48

I guess market is a bit skeptical mainly due to worrying concerns from Airbus and others in general and Tufan in particular about supply chain problems which is expected to last another 18-24 months. I guess markets are expecting some financial impact due to this. Let's see... I am keeping fingers crossed

[vikingwarrier] 29/7/2024 15:37

So we had good positive press over the weekend with record turnover promsed. And the share price dropped?

[pal44] 29/7/2024 13:27

Someone is buying bodes well .

[vikingwarrier] 29/7/2024 07:07

I predict 500p by Friday

[smurfy2001] 28/7/2024 19:26

Airbus boss admits long delays in making aircraft



“We have more demand than the ability to supply,” he said.

In 2018, the last show before the pandemic grounded the world’s airlines, Airbus racked up a total of 431 firm orders and commitments. This year, that figure is just 139.

The company now has a backlog of 8,585 jets that have been ordered but not yet manufactured.

[vikingwarrier] 28/7/2024 17:48

'may not permit the export of products to regimes we find to be less abhorrent'This is Precisely why we are not having GERMANY involved in Tempest.

[mcunliffe1] 28/7/2024 11:24

Made me smile too Skinny. I've become to like Clarkson more over the years. Perhaps I've become a grumpy old man although the wife would perhaps thinks I've just got older - the grumpiness has always been evident.

He doesn't elaborate on how half an iPhone can achieve what he suggests but I get the general point.

But, if the Guardian report eeza posted is to be believed then Starmer should invest in British manufactured products at every opportunity. That should include the SMR's RR wish to build as such would provide economises of scale for the similar power unit in the submarines Clarkson says we should be building.

He should also be wary of entering into a collaboration with the Europeans as they may not permit the export of products to regimes we find to be less abhorrent than their antagonists.

[skinny] 28/7/2024 10:53

Made me smile :

[freddie01] 28/7/2024 10:43

Thinly veiled Brexit was bad?

[vikingwarrier] 28/7/2024 00:19

July 27, 2024 This is Money article.

Rolls-Royce's revenues are expected to hit record highs in another boost for chief executive Tufan Erginbilgic's ambitious turnaround plan.

The FTSE 100 aeroplane engine maker raked in £7.7billion in the first six months of the year, according to City forecasts.

The 11 per cent hike in sales came as international flights rose back to pre-Covid levels.

Rolls builds plane engines but makes its money from servicing and maintaining them, so the number of flying hours is crucial to its success.

It has also won a slew of new contracts, including with Indian airline IndiGo, which ordered 60 engines, and VietJet.

Demand for its power generators from data centres and artificial intelligence providers has also spiked.Read More

This is expected to be a growing area for Rolls.

The company is also well-placed to benefit from demand for mini nuclear power stations, known as small modular reactors (SMRs).

Rolls has spent years designing a model based on the technology it uses to power nuclear submarines. It is one of the companies being considered by the Government to build a fleet of SMRs for Britain and its designs are being looked at by several other European countries.

Erginbilgic has implemented a strict cost-cutting programme – which is expected to slash spending by £200million a year by the end of 2025 – and has paid down some of Rolls' substantial debt pile.

Erginbilgic joined at the start of 2023 when the company was still struggling to recover from the pandemic – Rolls racked up mammoth losses as planes were grounded.

But it had been underperforming for years and was already in the middle of an overhaul when Covid struck.

When Erginbilgic joined he was quick to describe Rolls as a 'burning platform' – but his plans have been supported by the market and shares have risen by 375 per cent since he took over 19 months ago.

This year alone they have risen by almost 50 per cent.

A boom in defence spending due to the war in Ukraine, which began in 2022, has also helped to boost Rolls' share price.

[vikingwarrier] 27/7/2024 17:46

Mc Woodford was the place they were built.I worked on the ones used in the Falklands especially 607. One did a barrel role at Farnborough I think in 1958? One was the engine testbed for Concordes Olympus engine.

[mcunliffe1] 27/7/2024 14:15

I visited Strand Road in Preston some years ago - related to my employment at Rediffusion Computers. They used our computers. Perhaps 4 or 5 rigs each with an aircraft in progressively stages of completion. The building is still there but re-tasked as often the case.

I was working in the Wythenshawe offices of Rediffusion during the Falklands war and those Vulcans were being re-furb'd at Woodford in Cheshire. They would depart and get into the flight path over Manchester Airport then press the accelerator and climb at a heck of a rate. Our building would shake and it was seven floors high.

Where was the Vulcan built Vw? Bristol area?

[vikingwarrier] 27/7/2024 13:46

Mc, I used to work on the Vulcan and must have done a hundred ground runs. THe noise just went through you while the ground would shake.Fun times. With the Tempest we could be on to a winner as America limits its technology with ITAR etc going to other countries. Warton would indeed be the place for assembly but I would like to see more Typhoons built just in case Putin comes knocking.

[mcunliffe1] 27/7/2024 09:55

Looks similar to the Vulcan bomber - a wonderful masterpiece in aviation design that was.
I'd guess Warton would be the main production centre. I've been close to the runway in Freckleton when they were testing a Tornado about six years back. Wonderful sight.

[skinny] 27/7/2024 09:14

thegrafter - thanks for the link - I'll add it to the header.