Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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E.g.,
https://airlinegeeks.com/2021/06/22/busiest-pandemic-era-week-for-air-travel-in-the-us/
https://www.cnbc.com/2021/06/01/us-air-travel-reaches-pandemic-high-as-peak-season-kicks-off.html
https://www.nytimes.com/2021/06/21/business/airlines-airports-delays.html
In some instances demand has been so great it's taken the airlines by suprise and they've had to engage in massive recruitment drives and even cancel flights:
https://simpleflying.com/delta-hiring-europe-expansion/
"RR need 66% of 2019 flying hours as the market liked when this was announced and I think RR will see more than that when full year reporting comes out next year."
I agree - all recent reports I've read (beyond the (seesaw) nonsense in the motley fool indicate air travel is bouncing back much quicker than expected - bit like the broader economies.
Casapinos, ITP had buyers since the announcement for sale. They are filtering out for the best buyer. In May, they had short listed 2 bidders out of 4. Bain capital is one of them and are certainly interested in buying. I believe the bidding process done to make sure that RR doesn't lose out with the sale. There will be agreements signed so that if bidder wants to back off then they may have to pay any loss incurred by RR with the sale.
Also RR is doing right thing by investing on Electric stuff. Currently ESG is the theme. Banks and funds are investing in the companies that have ESG in their portfolio. RR is doing lot of stuff with Electric aviation. Although 50% revenue is from flying hours but travel looks to be promising as each day goes by.
UK govt faced pressure about increasing capacity in Wembley stadium for EUROs and likewise they will face pressure to open up travel when EU countries are opening up travel. Planning is underway to allow vaccinated people to travel to Amber countries without quarantine.
RR need 66% of 2019 flying hours as the market liked when this was announced and I think RR will see more than that when full year reporting comes out next year.
Casa
While I agree to most of your points...I just don't think the so called 'recovery bounce' has hit us yet...loads of media watching RR with interest..and even...most recently...the motley fool is talking about stumping up and buying a few shares
If you bail...all the best of course...I'm just thinking we have a bit more head-room here...before WWIII
Kind regards
The Jimster
RR said in August 2020 that they intended " to identify assets that are no longer key to our future strategy to raise proceeds of at least £2bn within the next 18 months. We have identified various assets for potential disposal, including ITP Aero"
Almost a year later and no sale has yet been completed and the current estimates of the value of ITP aero are falling to < 1.5bill euros. ie around £1.3bill. The sale of Bergen is apparently stalled and AFAIK no other prospective sales are in train. The company's prospects of raising £2bill by the end of year look slim.
I hold a few here as part of a very diversified portfolio, though have much reduced since taking the windfall profits of the highly discounted RI, largely in the hope that an opportunist bid to establish a large scale UK aerospace force is incoming. (If you don't know where from you should not be invested here!)Failing that ,it is my hope that RR can survive long enough for some of their medium term strategic plans in small scale nuclear , electrics, fuel cells etc come to fruition. Without some positive news or an unexpected (and undeserved) rise in the SP in the short term I shall bail.
Rolls-Royce Holdings PLC (LON:RR.) has whittled down potential buyers of its Spanish aircraft parts maker ITP Aero down to two private equity companies.
Bain Capital and Cinven are reported to be the remaining bidders for the FTSE 100 group's subsidiary, after rivals KKR and Towerbrook Capital dropped out of the bidding process, according to Bloomberg sources.
Bain, which is also in the process of trying to buy insurer =LV, and Cinven, which has agreed a bid for FTSE 250-listed Sanne, are apparently looking to snap up ITP Aero for close to €1.5bn.
According to the sources, a final announcement about ITP Aero's winning bid could come in just a few weeks.
https://www.proactiveinvestors.co.uk/companies/news/952920/rolls-royce-close-to-selling-spanish-aircraft-parts-business-to-private-equity-groups-952920.html?SNAPI