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So, does RR. approach SYME initially or does SYME approach RR. ?
Everyone mounts the pressure on these chats, things take time, will have to await possible RR news, there are other things in the pipeline though as well, just sit back and enjoy the play, if your ****ed get out, or come back in May, yes the summer, be worth the cider drink then!!
If a RR RNS did drop, This will go to another level...
People think there is risk for SYME. They obviously don't understand this business model.
Why is AZ mentioning RR by name if they are in discussions to become a client? He has rightfully stated before that he can not name prospective clients due to confidentiality reasons so why would RR be any different?
Being a cynic this feels like it could be another Carrefour situation where big companies names are being thrown around without the substance behind it
Too right Neil, NS20 suspicious, ridiculous saying stuff like that really, mmm f it, green coffin! Can not be arsed with that chat...Next time don’t buy, if so, let organisations who have the pro’s in, with an idea that is World unique and will always win, do the work.
I don't agree ns20
Where is the risk? Even if RR goes **** up, the funding is secured by the inventory. That kind of inventory will always have a sell on value.
There is no chance of RR going under given they are in the nuclear and defence sector
RR is exactly the type of company Alessandro is targeting in my opinion.
He hasn't engaged institutional investors to fund a corner shop.
Neil
RR is not too big for SYME, maaan, if you said GE, I may have thought about it but ever laying off RR, no way. Good starting companies in my eyes, backed by .gov, British Heritage, kept alive by the aids of SYME, has to be worth shouting about!! My days... In a bit all.
I personally suspect Rolls Royce would be too big a client for Syme, this early in the game. Syme needs to start off with less riskier and smaller clients, with a few well known ones in there. The key to Syme making money and be sustainable, is demonstrating its ability to add value and grow from there.
@deltafox, i think SYME will consider far too risky. The RR SP, is still dropping Bid 136.40 as we speak RR ispie in sky.. (no pun intended) Id never thought id see RR here.
And that talks = guaranteed sign up. It doesn't but IF they are talking it shows the kind of clients that they are certainly targeting which shows their ambition.
Rolls-Royce is poised to tap investors for £2.5billion at a steep discount to the current share price to solve its funding crisis, The Mail on Sunday understands.
City sources said it was considering pricing the cash call at £1 per share – 35 per cent below Friday's closing price of £1.54.
The hefty discount – which will come as a blow to shareholders of the FTSE100 giant' – would encourage investors to back the aerospace giant which has been bled dry during the coronavirus crisis with planes grounded.
Following a story in The Mail on Sunday, Rolls confirmed on Monday it was weighing raising up to £2.5billion through 'a variety of structures including a rights issue and potentially other forms of equity issuance'.
The company added that it could also issue debt.
Sovereign wealth funds from Kuwait and Singapore are reported to be in talks to take stakes in Rolls as part of the fundraise.
Sky News reported on Friday that up to £500million of the £2.5billion has been allocated to sovereign wealth funds.
An announcement from Rolls could come as early as this week.
A spokesman for the company said: 'We continue to review all funding options to enhance balance sheet resilience and strength.
'No final decisions have been taken as to whether or when to proceed with any such options, the precise amount that may be raised, or any allotment of shares to any investor including any sovereign wealth fund.'
I get the impression that a lot of posters on here think that RR only make aeroplane engines.
You do know that they have multiple business streams?
Nuclear, civil, defence, gas turbines, etc
Neil
I have had CNBC on since just before nine and i haven't seen the boss yet :-(
There was some flirting on Twitter, lets see if it leads to date.
Given that RR make most of the engines for our military planes, tanks and ships the government would undoubtedly bail them out (again) should the worst happen imo.
A lot of due diligence to do even if RR sign up. Will be a few months away from that being confirmed I suspect. This share will be all about patience for next 4 months.
Would RR not be abit risky given the fact covid has almost crippled them?
So will I hopefully we get update on UK very soon with the details
Just heard this from someone who listened to the interview and speaks Italian:
They are in talks with RR Corporation which is based in Indianapolis USA.