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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rolls-royce | RR. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.40 | -0.05% | 804.80 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 810.60 | 792.60 | 812.40 | 804.80 | 805.20 |
| Industry Sector |
|---|
| AEROSPACE & DEFENCE |
| Top Posts |
|---|
Posted at 27/2/2025 19:25 by cheshire pete Careful: 12.38 "Buying some of them back at 740p would seem crazy."Think a smart move as the company will more likely remain attractive to investors looking for growth as well as income. Some of today's buyers may have been income tracker funds newbies. |
Posted at 27/2/2025 11:33 by mcunliffe1 Cevod, I'm with RogerRail on the buyback issue.I accept that the directors of RR should indeed know more than any of us. You included Cevod. But that does not mean that their decision is correct for we investors. Can YOU elaborate on why you feel this buy back using £1bn is a good idea. I'll add my view first, for clarity. They've paid down debt, that has afforded them an investment grade status and hence allowed them to pay out a dividend. I'm fairly certain that they could have chosen to buy back their own shares at any time irrespective of their credit status. Had they done that a far lesser amount than £1bn could have been spent for the same number of shares re-purchased. But, they didn't. They waited until they could combine the BB with the dividend. Why? I'm not inclined to sell my shares as the share price is rising. It may well rise even more during the BB phase - still not selling. So I reap no benefit as a long term holder. It does provide a nice exit route though for those traders who bought into RR shortly before the result was announced and extends that period of exit. I do not buy the argument that the reduction in the number of shares as a result of the BB will, in the future, allow for a larger dividend payment per share. We're getting 6p on a share price of + £7.55. That's a yield of 0.79% It's hardly likely to be larger with 132million less shares. But it could so easily have been 18p divi now and that would have been a far greater temptation for holders to retain their stake pending ex div. date on 22nd April. |
Posted at 21/2/2025 23:27 by willgiles Roger, your flapping, please read the earlier comments more carefully. Hydrogen is up against physics, economics and voters. The required new hydrogen tech doesn't exist at scale, it's unproven anywhere in the world, the surplus electricity is too small and disparate to make storage worthwhile at anywhere near an economic level, it would cost trillions £, the infrastructure doesn't exist. Think of surplus windmill electricity as gas flares on an oil well.... And the more windmills you build, the greater the subsidies and the faster UK electricity prices will increase (they are already 400% higher than the USA). It's a race to national bankruptcy and a study in economic hara kiri...Increasing numbers of global hydrogen projects are getting downgraded, delayed, cancelled, eventually science and economics meet the hype. We need cheap electricity. Hydrogen is in many ways a bit behind what has happened to carbon capture. CCS projects worldwide (BP..) are failing when they try to scale them, they are unaffordable AND don't work. Investors are pulling out in droves. Hydrogen will follow. Frack baby frack. |
Posted at 21/2/2025 17:22 by xtrmntr It's not necessary to name-drop famous investors to ram home the point that holding onto winning shares is a good habit. Psychologically, however, it can be hard in practice to run gains, especially once talk of stretched valuations gets under way. This may be the case with Rolls-Royce Holdings (RR.). The aerospace and defence engineering business has been on a tear but, given the share price has almost doubled over the past 12 months to 645p and increased more than fivefold in three years, some analysts are asking whether the stock is now fairly valued.There was a slight wobble in the share price at the start of January after analysts at Citigroup moved the shares from a buy to a hold rating. It's important to stress that this is one voice, and that even now its suggestion isn't to sell. Still, in advance of the 2024 full-year numbers being released at the end of February, now is a good time to reappraise the factors underpinning the share price momentum.Can earnings upgrades continue?Rolls-Royce has benefited from tailwinds in the form of the post-pandemic rebound of civil aviation and the pressing need for Nato countries to increase defence spending. But operations were also galvanised when Turfan Erginbilgiç became chief executive two years ago and began a root-and-branch transformation programme.For H1 2024, operating profit was £1.15bn (up 74 per cent on the equivalent period a year earlier) on revenues of £8.2bn (up 19 per cent). Free cash flow more than trebled year on year to £1.16bn.The business hasn't been shy about upgrading current-year forecasts lately, with analysts' forecasts following suit as the positive narrative builds. Furthermore, the company's mid-term targets of £2.5bn-£2.8bn in operating profit (at a 13-15 per cent margin), £2.8bn-£3.1bn of free cash flow and a 16-18 per cent return on capital are upbeat and ambitious.At the half-year stage last August, Rolls-Royce upgraded guidance for operating profit and free cash flow, saying both figures were expected to come in above £2.1bn (up from previous forecasts of at least £1.7bn). Citigroup didn't cast doubt on Rolls-Royce hitting its numbers: the downgrade was based on a growing sense that much of the growth story is fully reflected in the share price, which now equates to 30 times forecast earnings per share for the end of 2025 and 26 times the 2026 consensus estimates.So investors must now ask what more can be juiced from a drive to squeeze the company's working capital requirements (the resources needed to run business operations). Most importantly, can the main business segments continue the upward trajectory in revenue, profits and cash generation to an extent that supports a higher share price and steady growth of the recently restated dividend?chart visualizationCivil aviation: threats and opportunitiesCivil Aerospace is currently the most important trading division as it generates half of group revenue, over 60 per cent of operating profit and three-quarters of trading cash flow (not to be confused with free cash flow). This is the business of providing engines to airlines, reported as OE (original equipment sales, ie, new engines) and the maintenance contracts for those engines. It's these services that generate the lion's share (68 per cent) of underlying civil aerospace revenues.In a November 2024 trading update, Rolls-Royce maintained prior guidance that it will have made 500-550 OE deliveries by the end of its financial year. Services activity for FY2024 should include around 1,300-1,400 shop visits, but ultimately the number of hours engines spend in flight is what drives revenue, hence the spectacular rebound in sales and profits since the end of the pandemic. The business is focused on the most cost-effective ways to maximise this without compromising safety.An emphasis on after-sales programmes tempted previous management into aggressive recognition of revenue from long-term service agreements (LTSAs), which came back to bite them when lockdowns grounded planes and £1.1bn of 'revenue catch-up' costs hit in the 2020 financial year. There has been a focus on tighter sales agreements as part of the transformation programme since Erginbilgiç arrived and put a new leadership team in place, with Chris Cholerton starting as head of civil aerospace in July 2023.Large engines contribute 68 per cent of civil aviation revenue and Rolls-Royce has invested £1bn in initiatives to improve 'time on wing' to optimise what can be billed, and how profitably it can be done.The traditional maintenance, repair and overhaul (MRO) capability is still important, but new servicing options such as TotalCare charged on a fixed dollar per flying hour basis are meant to align Rolls-Royce's interests with its customers as aircraft spend less time out of action. This relies on new cloud-enabled data monitoring capabilities and technological advances.Engines in the Trent XWB family have seen upgrades to the aerodynamics of fans, compressors and turbines to eke out fuel efficiency gains and to lower the temperatures metal components must endure. Other improvements include coatings to sealants and blades in the high-pressure turbine parts of some engines. The objective is for engines' average time on wing to increase 40 per cent over the medium term, which would in turn help the civil aerospace division grow full-year operating margins to around 15-17 per cent.Some product lines have issues, however. The Trent 1000 engine (used in Boeing 787 aircraft) was unparked only 95 per cent of the time as of 1 November, according to UBS analysts, compared with a 99 per cent rate for competitor GE Aerospace's (US:GE) GEnx equivalent. The growth rate in Trent 1000 flying hours in the six months to November was also slightly lower than that seen for the GEnx.Another serious issue, this time for the entire aerospace industry, is supply chain issues for key materials and components. It is one that has resulted in airlines pausing some routes. This will be a risk to watch out for given global trade tensions could further hurt supply, albeit Rolls-Royce has just announced a major plan to source inputs from Indian manufacturers.Overal |
Posted at 20/2/2025 10:50 by waldron Defence firms soar amid talk of extra military spending: BAE leads way in London as Rolls-Royce hits record highBy CALUM MUIRHEAD Updated: 08:05 GMT, 18 February 2025 European defence stocks surged as the continent’s political leaders gathered for an emergency summit with the US ramping up calls for a boost in military spending. Keir Starmer yesterday said he would be ‘ready and willing’ to deploy British troops on the ground in Ukraine to enforce any peace deal with Russia. The Prime Minister’s comments came after Mark Rutte, secretary general of the Nato military alliance, said member countries would need to spend ‘considerably more’ on their armed forces following pressure from US President Donald Trump. The prospect of higher European demand for everything from weapons and ammunition to fighter jets, tanks and warships sent British defence giant BAE Systems surging 9 per cent, or 110p, to 1338p, making it the biggest riser in the FTSE 100 in London. Jet engine maker Rolls-Royce rose 1.7 per cent, or 10.8p, to a record high of 635.4p while mid-cap defence tech group Chemring surged 10.3pc, or 32.5p, to 347.5p and rival QinetiQ climbed 6.4 per cent, or 23.6p, to 392p. BAE has been one of the biggest winners from Russia’s invasion of Ukraine. Its stock price has more than doubled since Vladimir Putin’s tanks rolled across the border three years ago. Shares boom: Jet engine maker Rolls-Royce rose 1.7% to a record high while mid-cap defence tech group Chemring surged 10.3% and rival QinetiQ climbed 6.4% In Europe, German arms manufacturer Rheinmetall hit a record high after gaining 14 per cent. Sweden’s Saab shot up 16.2 per cent, Italian aerospace firm Leonardo jumped 8.1 per cent and French group Thales added 7.8 per cent. Trump has demanded other Nato countries spend 5pc of their gross domestic product (GDP) on defence, a massive increase on the previous 2 per cent target agreed more than a decade ago. While such an increase is considered unlikely, Rutte said Nato members would need to raise spending to ‘considerably more than 3 per cent’ of GDP. The UK spends 2.3 per cent of its GDP on defence. Signs of a shift in European capitals appeared to already be under way yesterday as reports emerged that the Danish government was considering upping defence spending to 3 per cent of GDP. THIS IS MONEY Prime minister Mette Frederiksen said the continent must ‘increase military support for Ukraine, produce more, and do it faster’. Polish prime minister Donald Tusk, meanwhile, said that if Europe did not ramp up defence spending now, the continent would need to ‘spend ten times more’ in future. He said Poland would continue its current rate of defence spending, which sits at 5 per cent of GDP. European officials have been spooked by peace talks between the US and Russia, which are due to take place in Saudi Arabia later today, effectively cutting continental leaders and Ukraine itself out of the process. French president Emmanuel Macron called an emergency gathering of European leaders in Paris yesterday in response to the growing crisis. Starmer and Macron are among those backing the creation of a European peace-keeping force in Ukraine to enforce any ceasefire and stave off the threat of a future Russian invasion. It comes ahead of a meeting between Starmer and Trump in the coming days. Borrowing costs jump as Reeves feels heat Government borrowing costs rose yesterday as calls for increased defence spending raised more concerns about Britain’s towering debts. In another setback for Rachel Reeves, the yield on ten-year gilts – a key measure of what investors charge to lend to the UK – rose above 4.57 per cent. The latest moves on the bond markets came as European countries faced calls to increase military spending and contribute more to protecting Ukraine. Increased defence spending and higher borrowing costs will put pressure on the Chancellor as she struggles to meet her own fiscal rules. Drain: Increased defence spending and higher borrowing costs will put pressure on the Chancellor as she struggles to meet her own fiscal rules The Office for Budget Responsibility has warned Reeves that economic growth is so weak she now faces the choice of raising taxes or cutting spending to make her numbers add up. Official figures tomorrow are expected to show inflation heading towards 3 per cent having hit 2.5 per cent at the end of last year. Analysts at investment bank Investec believe inflation hit 2.9 per cent in January, driven higher by the imposition of VAT on private school fees. Energy bills also rose last month. The figures will fuel fears of ‘stagflation&# George Lagarias, chief economist at audit firm Forvis Mazars, said: ‘The spectre of stagflation is very much alive.’ |
Posted at 04/12/2024 16:35 by woodpeckers Press releaseGroundbreaking UK-Qatar climate technology partnership agreed The UK’s status as a clean energy superpower has received a further boost as a landmark agreement with Qatar reaches a significant milestone, solidifying £1 billion of investment in climate technology. From: Prime Minister's Office, 10 Downing Street, The Rt Hon Jonathan Reynolds MP and The Rt Hon Sir Keir Starmer KCB KC MP Published 4 December 2024 Qatar to invest £1 billion in climate technology, boosting the UK’s position as a clean energy superpower British engineering giant Rolls-Royce to benefit from investment in projects supporting the clean energy transition The Prime Minister and His Highness The Amir of Qatar will mark this initial milestone in the new UK-Qatar clean energy partnership in Downing Street as part of the Qatar State Visit The partnership is expected to create thousands of jobs across the UK and in Doha over its lifetime The UK’s status as a clean energy superpower has received a further boost as a landmark agreement with Qatar reaches a significant milestone, solidifying £1 billion of investment in climate technology. The partnership is expected to create thousands of highly skilled jobs over its lifetime and will see the launch of world-leading climate technology hubs across the UK and Qatar to accelerate development in climate-friendly technologies. This includes investment in technology programmes by British engineering giant Rolls-Royce that improve energy efficiency, support new sustainable fuels and lower carbon emissions. It will also see investment into start-ups in the UK and Qatar focusing on energy efficiency, carbon management, and green power. During Qatar’s State Visit to the UK, Prime Minister Keir Starmer and His Highness The Amir of Qatar, Sheikh Tamim bin Hamad Al Thani will mark the agreement in Downing Street, following Qatar’s confirmation of its initial commitment of £1 billion. Prime Minister Keir Starmer said: I am proud that Qatar has chosen to base this global partnership here in the UK and I am delighted that the project is getting off the ground with this initial £1 billion commitment. Qatar and Rolls-Royce pursuing these opportunities in climate technology is a significant step in our ambition to become a clean energy superpower and further evidence that the UK is one of the best places in the world for companies to develop those technologies. We’re delivering on our promise to make growth our number one priority, by boosting our partnerships with other forward-looking partners to invest in UK industry and create thousands of highly-skilled jobs in the industries of the future. Prime Minister of Qatar HE Sheikh Mohammed Abdulrahman al Thani said: We are delighted to formally launch this groundbreaking partnership. The United Kingdom has a proud history of innovation in cutting edge technology, and Qatar has long been a trusted investment partner to British businesses. This new collaboration aligns with our long-term strategy to invest in the economies of the future. We welcome the formalisation of our strategic relationship with Rolls-Royce. Qatar is already one of the largest purchasers of Rolls-Royce engines for Qatar Airways and a major investor in the small modular reactor nuclear industry. This new partnership further strengthens Qatar’s position as a leading global investor in climate technologies. We welcome the creation of highly skilled jobs in both Qatar and the UK, and look forward to welcoming a diverse range of businesses to Doha as part of the Rolls-Royce partnership. Tufan Erginbilgic, CEO, Rolls-Royce, said: In the last two years we have made significant progress in the transformation of Rolls-Royce. This announcement is further evidence of our progress to create a highly competitive and fast-growing company. Enabling the energy transition through lower carbon technologies is a key part of our strategy. We are delighted to welcome Qatar as a strategic partner, who will support the growth of these technologies. They share our ambition to make an impact on the challenge of climate change. It is expected that climate technology hubs delivered through the partnership will be developed across the UK, alongside universities, industry, free ports and the Qatar Free Zone to leverage the UK’s expertise. Sites in Qatar will also enable start-ups to access markets and opportunities in both countries – paving the way for further inward investment. Marking a new milestone in decades of innovation and collaboration between the UK and Qatar, the deal will accelerate the two countries’ flourishing investment relationship. The partnership will generate jobs, growth and investment in both countries and is further evidence of the UK’s desirability as an investment destination as well as underlining the strength of the relationship between Qatar and Rolls-Royce. Business and Trade Secretary Jonathan Reynolds said: Increasing investment in the UK is a mission at the heart of this government. This partnership between Rolls-Royce and Qatar is not only a huge vote of confidence in the UK but will also help create thousands of highly skilled jobs. Our commitment to becoming a clean energy superpower is steadfast, and investments like these make a huge contribution to bolstering the UK as a leader in climate technology. We’re showing investors that Britain is back as a stable place to do business, helping to secure the investment needed to make every part of our country better off. In a further boost for the UK-Qatar future-facing partnership, the UK and Qatar will also pursue closer ties to seize the enormous potential of genomics – the study of our DNA – to overhaul healthcare, as well as for work focusing on AI’s scope to drive economic growth and make public services more efficient. The two countries have unveiled plans to set up a shared Genomics Medicine Academy, and a joint commission on AI research. This is part of the UK and Qatar’s commitment to closer ties on science and technology. The UK-Qatar Strategic Dialogue, launched in 2022, is also being upgraded to encompass science, innovation and technology: a reflection of both countries’ big ambitions when it comes to unleashing the potential of science and tech to tackle some of the biggest challenges facing us all – from delivering economic growth to improving public health. |
Posted at 09/10/2024 10:59 by thegrafter Just out : Rolls-Royce suffers £78m loss on mini-nukes amid UK rollout delaysCompany moves ahead with Czech-backed project as Britain's selection process for SMR technologies drags onRolls-Royce's mini nuclear reactor business has posted a £78m loss as it awaits the outcome of a delayed UK tender competition.The company, which is developing a small modular reactor (SMR) design that it hopes to export globally, saw losses in 2023 grow from £61m the previous year, new accounts show. It came as the company ramped up spending on research and development from £78m to £115m. It made no revenue and employed some 590 staff. Losses also grew as Rolls along with three rivals continued to wait for a decision by the UK Government on which SMR technologies it would back following a series of delays. The competition was first announced by George Osborne, the former Conservative chancellor, in 2015 but is still yet to reach a conclusion.Tufan Erginbilgiç, chief executive of the Rolls-Royce group, has urged ministers to press ahead as quickly as possible, saying he expects orders from around the world to begin flowing in if Rolls emerges as a winner.SMRs are seen as one of the most promising technologies for decarbonising heavy industry and providing a stable power source as the world shifts to net zero. The small reactors are factory made and assembled on site, rather than being built from scratch as large reactors are, which should deliver significant savings. Rolls has always stressed that it expects the SMR business, which is a joint venture with other shareholders, to be loss-making until it begins to build reactors and recoup its investment. Each SMR is eventually expected to sell for between £2bn and £3bn. The company is now approaching a series of milestones that will shape what it does next.Last month the Czech Republic became the first country to place an order for Rolls' SMRs before even Britain with the Czech state also expected to take a minority stake in the business.At the same time, the company is a final contender in a Swedish SMR competition and has been shortlisted in the final four of Britain's SMR process. It has advanced into the final stage of the generic design approval process with the UK nuclear regulator. Rolls-Ro |
Posted at 22/8/2024 08:21 by thegrafter Here is a good little read for you all !! Are You Looking for a Top Momentum Pick? Why Rolls-Royce Holdings PLC (RYCEY) is a Great ChoiceZacks Equity ResearchWed, 21 Aug 2024 at 5:00 PM BST4-min readMomentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Rolls-Royce Holdings PLC (RYCEY), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Rolls-Royce Holdings PLC currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if RYCEY is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For RYCEY, shares are up 4.22% over the past week while the Zacks Aerospace - Defense Equipment industry is up 3.55% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 8.53% compares favorably with the industry's 1.53% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Rolls-Royce Holdings PLC have risen 11.38%, and are up 152.38% in the last year. In comparison, the S&P 500 has only moved 5.75% and 29.69%, respectively.Investo |
Posted at 13/8/2024 09:17 by freddie01 Rolls-Royce share price analysis: buy, sell or hold?Rolls-Royce (LON: LON:RR) share price has held steady this year, making it one of the best-performing companies in the FTSE 100 index. It has risen by over 64% this year, giving it a market cap of over £41 billion. Rolls-Royce is doing well Rolls Royce, one of the leading industrial companies in the world, is doing well, helped by the rising demand across its three key divisions and great execution. It confirmed this view recently when it published its financial results for the first half of the year. The numbers showed that its underlying revenue rose to £8.18 billion this year, higher than the £6.95 billion it made a year earlier. Its operating profit nearly doubled as it moved from £673 million to over £1.14 billion while its profit before taxation soared to over £1.03 billion. Most importantly, Rolls-Royce generated a free cash flow of over £1.15 billion. These results demonstrated that the management was executing well at a time when supply chain constraints are continuing. Most of its improvement came from its civil aviation business, where the company sells engines and then takes Long Term Service Agreements (LTSA). When everything is going on well, the LTSA strategy is highly profitable since its airline customers pay for every flight hour, a process that spreads costs, making it more affordable to them. It is Rolls-Royce’s biggest cash earner. Rolls-Royce is also growing its margins across all its divisions. Its civil aviation’s operating margins rose to 18% while the defense and power systems rose to 15.5% and 10.3%, respectively. If this trend continues, it means that the company is set to hit its mid-term targets ahead of schedule. Meanwhile, Roll-Royce Holdings is also benefiting from the data center business as the artificial intelligence craze continues. Its power business had over $1.8 billion in revenues and an operating profit of over £189 million. Most importantly, Rolls-Royce has improved its balance sheet. It ended the last quarter with over £6.8 billion in available liquidity, with its cash and equivalents standing at £4.3 billion. It has also reduced its net debt to over £0.8 billion, down from the pandemic high of £5.2 billion. Additionally, Rolls-Royce investors will now benefit from the stock appreciation and a dividend, which will be between 30% and 40% of its underlying profit. Rolls-Royce valuation and catalysts The main concern among investors is whether Rolls-Royce is overvalued or undervalued. Recent data shows that the company has a market cap of over £41 billion or $52 billion, making it the 16th biggest company in the UK. This valuation makes it significantly smaller than General Electric (NYSE:GE) Aerospace, the biggest jet engine manufacturer in the world, which has a valuation of over $179 billion. GE Aerospace made over $9.1 billion in revenues in the last quarter. In terms of multiples, data shows that Rolls-Royce Holdings trades at a price-to-earnings ratio of 17, which is lower than the S&P 500 average of 21 and the FTSE 100 index average of 19. This means that the company is still at a discount since its revenue growth rate is better than that of the S&P 500 and FTSE 100. Rolls-Royce is also trading at a discount than most of its industrial rivals. GE Aviation has a price-to-earnings multiple of 45 while companies like Howmet Aerospace (HWM), Safran (EPA:SAF), and RTX have multiples of over 40. These multiples mean that the company is trading at a discount. Other metrics show that the company is undervalued. A discounted free cash flow (DCF) valuation shows that the company is relatively cheap. According to Simply Wall St, the company was trading at a 54% discount to its fair value. Therefore, fundamentally, the company seems like it is undervalued. Besides, it is growing, its business is seeing strong demand, and is now a leaner company than what it was during the Covid-19 pandemic. It has also received upgrades from the three leading rating agencies like Moody’s, Fitch, and S&P Global. However, the management will need to execute well to justify the current valuation. This means that they need to ensure the quality of its engines to prevent the maintenance woes it had a few years ago. Rolls-Royce share price forecast The daily chart shows that the RR stock price has been in a strong bull run this year and recently soared to a record high of 502p. It has remained above the 50-day and 100-day Exponential Moving Averages (EMA). The Relative Strength Index (RSI) and the Stochastic Oscillator have continued rising, meaning that it has strong momentum. The stock has formed what looks like a double-top pattern. Therefore, the stock needs to move above that resistance at 502p to confirm the bullish trend. If this happens, the next point to watch will be at 600p. RR: is this perennial leader facing new challenges? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. Investing.com’ The new stocks that made the monthly cut could yield enormous returns in the coming years. Is RR one of them? hxxps://uk.investing Thanks to etank who posted this link on another site. |
Posted at 04/7/2024 00:37 by thegrafter Interesting article on this Mach 25 Reaction engine, if it comes off what a machine !! Rolls Royce-backed Reaction Engines scrambles for new fundingA British company aiming to pioneer hypersonic flight and which counts Boeing and Rolls Royce Holdings among its backers is scrambling to raise new funding amid a squeeze on cashflow.Sky News has learnt that Reaction Engines, which is based in Oxfordshire, has appointed advisers to raise fresh capital.Shareholders in the company, which also include the FTSE-100 arms manufacturer BAE Systems, have been informed about the efforts to secure new money in recent weeks.Silverpeak, an advisory firm, has been appointed to orchestrate the fundraising, with the company believed to be in need of tens of millions of pounds more capital.Reaction, which was founded in 1989, is chaired by Philip Dunne, a former defence minister.A specialist in developing advanced propulsion systems, the company is developing a new type of engine aimed at powering aircraft to Mach 25 putside the Earth's atmosphere.In an update to investors, seen by Sky News, Mr Dunne said its financial performance last year had "not been in line with our forecasts".Warning that Reaction Engines would also be lossmaking this year, he added: "Although the company has a successful track record of raising capital it is clear market conditions are tougher than when we last raised new equity in 2022."In January last year, it announced it had raised £40m of additional equity, taking the total sum it had banked from investors to roughly £150m."As an emerging technology company we have always sought to be prudent in managing our costs; however, we took additional steps to control costs and focus investment in areas that will support near-term revenue generation," Mr Dunne wrote."As a result, we were able to keep the loss for 2023 broadly in line with our budget for the year.""It became apparent during [the first quarter] that there was a continuing mismatch between the resource we had added in anticipation of growth and development of the sales pipeline."He added the company's workforce had been cut earlier this year, with its leadership structure simplified.Reaction Engines' ability to attract interest and funding from some of the world's biggest aerospace companies underlines the excitement it has galvanised among both strategic and financial investors.Its shareholders also include Schroders, Baillie Gifford Asset Management and the UAE's Strategic Development Fund.Reaction Engines declined to comment on its quest for new funding.More from Sky News |
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