Fat Paul
09 May 2017
Re: Sold Out A deal with Turkish firm to build engines for new fighter jets.
Mr Jinks
09 May 2017
Re: Sold Out Doug, I feel your pain. How many times have I sold only to watch the price surge again. Never mind, as long as you made a profit!Anybody know why the sudden rise? Not that I'm complaining. Just curious.
Uncle Doug
05 May 2017
Sold Out Something going on today and I'm not sure what caused such a big (5%) surge today. Anyway, I couldn't resist selling at 852 which seems pretty high given all the ups and downs over the last 2 years. Will be back in on any dips as I think the future looks bright. Good luck to you all.
pearlsasinger
04 May 2017
Investigation into RR auditors Alan Tovey 4 May 2017 • 8:37am (TELEGRAPH)An investigation has been launched into the auditing of Rolls-Royce after accountants failed to flag up the engineering giant paying huge bribes to win contracts. Auditors KPMG’s work examining Rolls’s accounts for 2010, 2011 and 2013 is being probed by regulators at the Financial Reporting Council.The watchdog said the probe related to Rolls’s agreement with the Serious Fraud Office to pay £671m in fines to settle long-running investigations into allegations it used middlemen to make payments to land work all over the world.Announcing the fines - which meant that Rolls avoided a criminal prosecution that .........
II Editor
04 May 2017
NEW ARTICLE: Rise of the robots: Are fears that machines will take control just artificial hype? "Andrew Darley, head of technology research at finnCap, explores the trend towards automation, whether technology could spell mass job losses and the predicted huge investments in artificial intelligence over coming years.The robots are coming. ..."[link]
Uncle Doug
26 Apr 2017
ex Dividend Tomorrow ex Dividend Tomorrow - worth 7.1p. More importantly SP is up 23% Year To Date. Things looking up for RR after predictions of "challenging" 2017. I don't think I'm being too greedy by reckoning we should get to 900 by Y/E.
II Editor
10 Apr 2017
NEW ARTICLE: Trends and Targets for 10/04/2017 " FTSE FOR THIS WEEK (FTSE:UKX)Â Recently we've been appalled at the number of shares basically treading water (the banks, anyone?) and a glance at the FTSE reveals a pretty similar story. The FTSE has been a 200 point thick flat line for 5 ..."[link]
Hyperproject
28 Feb 2017
Re: Impressive Sp boost recently As I said Jan 2017, RR is still undervalued and in my opinion is at least a £10+ share.
Uncle Doug
28 Feb 2017
Impressive Sp boost recently Lovely 18% rise since 11 days ago lows on 17th Feb. ... "Av it"
Give it a Punt
23 Feb 2017
Re: Share price This FT article is a good addition to my Sunday post[link]
Hydrogen Economy
20 Feb 2017
GS Upgrade Occurs to me, that given recent RR history GS only upgraded so they could put them on their "conviction list". SFO beat them to it. Goldman Sachs has upgraded aerospace and defence group Rolls-Royce to ‘buy’ from 'neutral', lifting the price target to 1,030p from 743p and adding the stock to its ‘Conviction’ list, saying the company has the potential to substantially increase free cash flow between now and 2020.
Hydrogen Economy
20 Feb 2017
Re: 5% jump OK found it, Goldman Sachs upgrade- big change of TP.[link] Sachs has upgraded aerospace and defence group Rolls-Royce to ‘buy’ from 'neutral', lifting the price target to 1,030p from 743p and adding the stock to its ‘Conviction’ list, saying the company has the potential to substantially increase free cash flow between now and 2020.The bank noted cash performance at Rolls-Royce has been disappointing as underlying earnings performance has fallen and the investment burden has risen.It argued that the diversified nature of the group and the impending accounting changes warrant a cash flow based valuation approach. GS said it expects company-defined free cash flow to improve from £120m this year to £495m in 2018, £1.02bn in 2019 and £1.55bn in 2020.Goldman said key risks to its price target and view include a weakening of the pound versus the US dollar through this year which would put downward pressure on sales estimates.In terms of earnings, the impact would be of a lesser magnitude as a result of the substantial hedge book Rolls-Royce has in place, although large moves in $/£ will still affect the share price.It also pointed to negative momentum in defence spending in the core markets of the UK and the US, as well as major export markets such as Saudi Arabia, as these markets are driving the growth in newer programs which offsets declines in older products.Continued declines in sanctioned offshore capex would pressure future revenues in the Marine division from the Offshore exposed business lines.At 0806 GMT, the shares were up 4.6% to 696.50p.
Hydrogen Economy
20 Feb 2017
5% jump Bit of a jump in SP today although now off the peak. Any ideas what is pushing it up?Guess it could be just be unwinding of recent dip.H2
Give it a Punt
18 Feb 2017
Re: Order book LK Hyman... The F35 has a Pratt & Whitney main engine, and a RR lift system - a big fan that blasts air downwards just behind the pilot, a swivel system that turns the rear thrust jet stream downwards at the back when needed, and some stabilising air jet pipe controls on the wings.
Give it a Punt
18 Feb 2017
Re: Share price Derivatives like options are only available to retail (consumer) customer for short periods (6 to 9 months). Companies are not restricted in the same way.Don't assume this hedge book is short term speculation... this is long term risk reduction... Unfortunately many people (including news media and BB posts) interpret the mark-to-market effects to be "real", and that all hedging is "speculation". The origin of futures contracts in Chicago was to give certainty and reduce risk to farmers. This is the same context here. The speculators are usually on the other side of such trades.RR has long term contracts for both goods and services. With an order book as big as it is, the hedging provision has to be large. Hedging in this way is risk management. NOT hedging really would be "bettiing" or "speculation"... I have watched this company for a very long time. Some years the reported profits are huge(when the pound has strengthened), and sometimes the reported losses are huge the other way (when the pound has weakened). So what happened this year? Brexit... the pound tanked massively, the value of the hedge book (which is there to limit losses if the pound rises) dived also.... and that was reflected in the headline reporting.So if "RR should avoid betting" through hedging, then people are really saying it should expose itself to losses resulting from stronger sterling? Really? Is that wise? The revaluation of sterling in the middle of last year was of course a surprise to the markets.Watch the underlying profits, that have been reported for as long as I can remember, not the headline numbers...
