Hydrogen Economy
09 Dec 2017
More problems with Dreamliner engines This can't be helpful, maybe it is what has been pushing down the SP of late. Some costs to rectify but probably the reputation impact more of a concern, hopefully these issues can soon be put behind them.H2[link] suffers fresh wave of troubles with Dreamliner enginesAir New Zealand has been forced to ground some of its flights because of problems with their Rolls-Royce engines, the latest in a long line of issues with the British engineering company’s products.The airline said there have been “two recent events” with the Trent 1000 engines on its Boeing 787 Dreamliner aircraft. There had resulted in flights being cancelled.New Zealand’s aviation safety board confirmed it was investigating “engine abnormalities” on the carrier’s aircraft in the past week.Air New Zealand's 787 airliners are powered by Rolls-Royce's Trent 1000 enginesIn the most recent incident a 787 was taking off from Auckland when the pilots noticed problems. They shut down the engine and returned to the airport. Another flight earlier this week bound for Buenos Aires experienced similar issues. No one was injured in either event.Air New Zealand is the latest Rolls customer to suffer problems with the Trent 1000 engines on the 787. Japanese airline ANA first reported issues with Trent 100s in the summer of 2016. The problem was thought to relate to blades in the turbine corroding far earlier than expected, resulting in the engines being shut down. A few weeks later Virgin Atlantic said it was had also experienced similar troubles with its Trent 1000 engines. Both airlines took aircraft out service for urgent maintenance, causing hundreds of flight cancellations. Rolls - which has more than 400 of the $10m engines in service - has acknowledged the problems. At the company’s half-year results in August it warned investors to “expect increased activity in second half related to Trent 1000 maintenance programme to address a number of technical issues”.In response to the latest troubles with Air New Zealand’s engines, Rolls said it was working with the airline to minimise disruption and restore the aircraft to flight status.A spokesman added: “It’s not uncommon for long-term engine programmes to experience technical issues during their life and we manage them through proactive maintenance. This is the continuation of work which started last year to upgrade Trent 1000 engines to the latest standard.”
Hydrogen Economy
02 Dec 2017
SP Drop Quite a change from strong move up to 980 ish just a month ago to 839p and falling on Friday. No sign of that slowing and doesn't look like much support until around 775p. Doubt it will get as low as that, I think it is already good value long term and having sliced profits into the rise I will be happy to buy back at current price or below once it seems that the knife has hit something less penetrable than my hand.Much of the UK market is down with a range of worries, Sterling strength and in what seems like contradiction Brexit fears, an overpriced US market etc, RR seems to have been hit harder than most, sterling is probably a big factor in that and maybe some RR specific factors like departure of sales head Schultz to AIrbus and changes to accounting standards from 1st Jan which effectively means RR will have to book Total Care maintenance contract value when it is actually used, not at contract signing, a significant deferment of revenue recognition. That is presumably a non-cash impact but will affect reported numbers (and possibly defer tax liability?). Meanwhile the core business seems to be gradually turning with the much needed changes being driven through by WE. The market for aircraft seems to active with many new orders announced and the demand from Asia and ME seemingly insatiable (although sadly RR no longer participating in the strong market for narrow bodied jets, 320s ect). RR recovered from one of my worst holding losses to a decent profit, a chunk of which I have banked, halving my holding so will be happy to add into this weakness.RR a world class British engineering business, lets hope a low SP doesn't lead to another ARM. H2
Hardboy
27 Nov 2017
Re: RR Siemens & Airbus to Hybrid Jet No idea about the practicality, weight restrictions etc. but solar power is guaranteed at 30,000 feet during the day.
Hydrogen Economy
27 Nov 2017
RR Siemens & Airbus to Hybrid Jet Interesting. Sounds like a challenge to make viable but looks like RR & others think it is worth giving it a try. This sounds like an EU joint funded project, wonder how that will play out after UK pulls the eject handle.H2[link] Holdings Plc is joining Airbus SE and Siemens AG in their quest to develop a 100-seater hybrid electric aircraft, giving the U.K. engine maker a seat at the table of a potential promising aviation technology.Rolls is tasked with helping develop a 2 megawatt electric drive for the aircraft, according to people with knowledge of the matter who asked not to be identified as the information is private. A formal accord with Rolls could be announced as soon as Tuesday, they said.Step by step, Siemens and Airbus are moving closer toward their goal of producing a single-aisle plane with a 20 to 40 megawatt electric drive. Siemens already demonstrated smaller aircraft with 60 kilowatt drive systems at air shows this year. The two companies initially set a goal to make a two-seater electric aircraft, dubbed the e-fan, that would have been used as a pilot trainer and tour-operator.Spokespeople for Siemens, Airbus and Rolls declined to comment.
Hardboy
09 Nov 2017
Re: Trading update: reconfirming full year o... H2,Some excellent selection of the most important bits.
Hydrogen Economy
09 Nov 2017
Trading update: reconfirming full year outlook Today's update a bit of a mixed bag, Marine affected by depressed oil market, defense affected by order timing. "Civil Aerospace, we continue to achieve our key targets for customer deliveries while managing in-service issues". "Overall, while we have a good deal left to do in the last two months of the year, our performance for 2017, for revenue, profit and free cash, remains on track." Looking beyond 2017, Warren East added: "Operationally, we are making good progress ramping up production, bringing new large civil engines to market and enhancing further our aftermarket capabilities across all our businesses...Some interesting comments on long term Warren East added: "I am comfortable with our strategic direction and how we are investing in the long-term. We know that the growth in electrification and digitalisation will offer substantial and wide-ranging opportunities and we are now investing accordingly. The businesses in our portfolio have different roles to play as we create new cutting-edge technologies to deliver the cleanest, safest and most competitive solutions for our planet's vital power needs. increasing our expertise and scale in activities where electrification is relevant today, such as Power Systems, we will be better placed to benefit where electrification is still some years away, such as for propulsion systems for Civil Aerospace. Taking the right steps today and tomorrow will enable us to realise our ambition to be the world's leading industrial technology company." "Transition to IFRS 15 - next year's results on current basis and IFRS 15 basis"- Oh great more conflicting numbers to reconcile! H2
II Editor
08 Nov 2017
NEW ARTICLE: Could Rolls-Royce shares really plunge 30%? " LSE:RR.:Rolls-Royce has overcome plenty of problems of its recent past. Instead of profit warnings, the noise has been more positive and Rolls shares have surged by over 90% since the 2016 three-year low when they briefly fell below £5. However, ..."[link]
John of Groats
23 Oct 2017
Re: Telegraph RR consortium mini-nuclear... Hardboy,"and a refuelled car would be lighter than an empty car." Only if the hydrogen is stored at low pressure in a balloon strapped to the roof of the car. The wind resistance would certainly increase fuel consumption and make the car very unstable in a cross-wind. [link]
Hydrogen Economy
23 Oct 2017
Airbus A330neo maiden flight 330 neo maiden flight last week, RR is sole engine supplier with the Trent 7000. A few interesting points including a slating of Pratt and Whitney for delays supplying 320 neo, Rolls also late for 33meo.Rolls-Royce says the bigger new engines are 10 percent more efficient and half as noisy as the previous generation.""Chief Operating Officer Fabrice Bregier said Airbus had decided to improve the plane’s maximum take-off weight by around 4 percent to 251 tonnes so that the A330neo can serve longer routes such as Kuala Lumpur to London from 2020" Might help sales, but changing specs mid project don't normally help schedule and cost, I think we have seen that somewhere before Overall, seems a big step forward for Airbus and RRH2[link]
Hardboy
23 Oct 2017
Re: Telegraph RR consortium mini-nuclear boo... Thanks for that HE, The energy/power world is certainly in a very interesting phase and I get the feeling that there will be a huge move over the next 10-20 years towards smaller scale power generation technology. This is one example, but the other one I've been looking closely at recently are fuel cells, which Rolls Royce have also been working on; and no doubt, given your nom de plume, you will know all about. What reignited my interest was an RNS from Ceres Power saying they had run successful year long trials on domestic fuel cell units (generates electricity from the natural gas supply to power individual homes.) And it seems progress is being made in producing stable units for allsorts of different applications. With the political momentum towards electric vehicles fuel cells could be huge. The big problem with battery powered cars is the refuelling time. If electrical vehicles could be powered by fuel cells from hydrogen for instance, refuelling would be just as quick as it is now (and a refuelled car would be lighter than an empty car.)
Hydrogen Economy
23 Oct 2017
Telegraph RR consortium mini-nuclear boost Not sure this will have much impact in the short term but could be big long term given the ballooning costs of current designs and issues with plants in France. H2[link] important report assessing the viability of new “mini” nuclear power plants for the UK to be published this week is expected to give the green light to develop designs proposed by a British consortium led by Rolls-Royce.The Department for Business, Energy and Industrial Strategy (BEIS) is set to issue a study which formally ends a competition between different types of low-carbon power generation to assess which should be supported.
II Editor
18 Oct 2017
NEW ARTICLE: Trends and Targets for 19/10/2017 " THE DOW & BITCOIN (DOWi
JI & BTCUSD) We've quite strong suspicions about crpyto-currencies, primarily due to reliable historical information as quite a few of the exchanges seemed run by enthusiasts giving widely different rates. In fact, ..."[link]
sage in the hills
21 Sep 2017
Sound background for currencies Key Takeaways From the September Fed MeetingShare On Facebook Print Harriet Torry Federal Reserve officials didn't raise short-term interest rates Wednesday, but a December increase remains on the table. Meanwhile, the central bank said it would initiate in October its long-telegraphed plan to shrink its securities holdings. Here are key takeaways from the Fed's two-day policy meeting:Looking to DecemberThe Fed's summary of economic projections suggests officials are still on track to raise short-term interest rates once more this year, most likely at the Dec. 12-13 meeting when Chairwoman Janet Yellen will hold her next press conference. The Fed meets again Oct. 31-Nov. 1, but no press conference is scheduled then. Fed officials expect to raise rates three more times next year, a forecast unchanged from when they last submitted economic projections in June. Officials lowered their median forecast for the path of rates in 2019: They now expect two rate increases that year, down from three. Officials expect rates to rise once in 2020.Trending Lower for LongerFed officials brought down their expectation for where they see interest rates settling in the longer run, to 2.75% from an earlier forecast of 3%. The drift downward reflects a lowering in officials' view of the so-called neutral rate, an underlying interest rate that is consistent with the economy operating at its full potential and expanding without overheating. Ms. Yellen told reporters that "because the neutral rate currently appears to be quite low by historical standards, the federal-funds rate would not have to rise much further to get to a neutral policy stance."Will She Stay or Will She Go?Ms. Yellen is keeping her cards close to her chest regarding what she think about her future as her term as Fed chairwoman ends Feb. 3, 2018. She reiterated Wednesday that she intends to serve out her current term, but said, "I'm really not going to comment on my intentions beyond that." She told reporters that she hasn't had a meeting with President Donald Trump since the early days of his presidency. The two have met just once, for about 15 minutes, in the Oval Office in February. Mr. Trump has said he is considering renominating Ms. Yellen, but that he is considering others for the post as well.Roll On the RolloffThe Fed in October will initiate its long-telegraphed plan to shrink the portfolio of bonds acquired after the 2008 crisis. That means the Fed will end its practice of fully reinvesting the principal payments of maturing bonds into new bonds and instead allow $10 billion in holdings to roll off without reinvestment every month. Those amounts will increase by $10 billion each quarter to a maximum of $50 billion from October next year. "Our balance sheet is not intended to be an active tool for monetary policy in normal times," Ms. Yellen emphasized Wednesday, adding that "we therefore do not plan on making adjustments to our balance-sheet normalization program."Sticking to Its GunsWith the rolloff of its holdings ready to start, Ms. Yellen said there is now "a somewhat high bar to resume reinvestments," and only "a material deterioration in the economic outlook" would prompt the Fed to consider such a move. "It will be up to future policy makers to decide in the event of a severe downturn whether they think it's appropriate to again resort to adding assets to a balance sheet," she said.Write to Harriet Torry at [email protected] (END) Dow Jones NewswiresSeptember 20, 2017 18:55 ET (22:55 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.SAGE
Fat Paul
18 Sep 2017
Typhoon Bae hope to sell 24 planes to Qatar, that's 50+ RR engines and spares and probably servicing.
Jerb44
13 Sep 2017
Re: small nuclear plant cost will rival wind Dodgy numbers in the wind figure since the costs flowing from cycling the thermal plants is not assigned to the intermittent generators.Does the £60 figure from RR include the full life cycle (decommissioning) I wonder?
