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I've been in Rolls
I was watching a documentary on how Norway kept their oil production more in house rather than selling it off, it has benefited their people for decades rather than giving it a short boost.
Thought I would have a look at Reforms thoughts on Energy, I agree with their views on net zero and energy.
https://www.reformparty.uk/energy-and-environment
"Cleaner Energy from New Technology.
Fast-track clean nuclear energy with new small modular reactors, built in Britain. Increase and incentivise UK lithium mining for electric batteries, Combined Cycle gas turbines, clean synthetic fuel and clean coal mining."
Fair point Davdeladier.
My humble opinion, not very RR friendly I admit, would be a cross party situation from here on until the election.
It looks like we’re heading into a hung parliament so I think cross party politics in terms of anything the Tory’s wish to do from now on should be consulted across the house.
It will save us 4 years worth of stagnant growth due to Labour revoking everything the Tories have done just to make a point (party politics).
Be interesting to see where Labour stand with the whole SMR movement.
Would be a wise move nettles
Wouldn’t hold my breath though for anything to do with UK gov
Totally agree with you Lieutenant.
With the construction of the first RR factory postponed to now use a British third party (for manufacturing that is, not construction of the SMRs), the Torys ‘could’ double bag by send the contracts through to RR before the November election.
Let’s see if they’re astute enough to do so.
"I read about 2029 being a decision time some time back. Always wondered why people keep going on about it when it’s so far in the distance. Unless I’ve missed something saying it’ll happen sooner 🤷♂️"
An excerpt from the Telegraph article today ( https://www.telegraph.co.uk/business/2024/05/12/rolls-royce-tufan-erginbilgic-turnaround/ );
"another executive said the SMR business will run out of cash by the end of 2024, with the Government's long-delayed SMR competition not set to conclude until this summer.."
I foresee a sleuth of Tory 'Hail-Mary' policies / announcements before the election.. Of which I predict/hope SMR will be one.. then just a matter of which two companies will be down selected.
..can hear the Tory slogan mill now.. "Conservatives Backing British Jobs/Innovation/Energy Security.. rahh rahh rahh"
Still naff having a 20p drop though for no real reason.... Opps, did I say the word drop, all the 'elite' on here will be having a go at me soon.
Fish are dumb, but easy to catch using the correct bait. hahaha
I see some people can’t help having a daily whinge well let’s see where we are at end of week !
I was out at the weekend, got a bit nervous but bought back in just after lunch profiting about 3.5k after stamp duty in my little mission so fairly pleased but didn't pursue with my original more ambitious goal 😊
Getting a bit too close to AGM for me to be out again over the weekend!
"Still naff having a 20p drop though for no real reason.... Opps, did I say the word drop, all the 'elite' on here will be having a go at me soon."
My Mum would call it good buying weather 💨
Still naff having a 20p drop though for no real reason.... Opps, did I say the word drop, all the 'elite' on here will be having a go at me soon.
I'm sure we will get back there soon, 20p+ drop isn't great but still some higher highs in coming soon.
As long as we can keep above the £4 mark it will pick up again soon.
IAG are up, lloyds I think will finish blue.
A lot of divs will arrive soon which ups prices on some main stocks as people buy back in with divs or auto reinvest.
The City mood seems to be cautiously optimistic, with the Footise edging steadily higher now, with 12 points added this morning.
Of the top 20 largest companies in the index, six are in the red, led by BAE Systems and Rio Tinto.
There is little macroeconomic data for traders to chew over today, but later in the week US inflation numbers should "light up the skies for markets", according to Deutsche Bank's Jim Reid.
Tomorrow also brings UK unemployment data.
While it's difficult to predict exactly what news may be shared at Rolls Royce's upcoming AGM, there are a few factors that could potentially be seen as positive for the company and its shareholders. For example:
1. Recovery of international aviation market: As the global aviation market continues to recover from the impact of the pandemic, particularly with China's reopening, Rolls Royce's business model, which relies on the "flying hours" of its passenger jet engines, could benefit from increased demand.
2. Recent investment in large engine technology: Rolls Royce recently announced an investment in large engine technology, which could signal continued innovation and growth opportunities for the company.
Positive performance in the past year:
3. As the top FTSE 100 performer last year, Rolls Royce has demonstrated its resilience and potential for continued success.
AUKUS is great
Tempest Jets are great
And every normal planes engines are great
We gonna do great, right
Internationally is the way forward right now, the U.K. will twiddle its thumbs deliberating before choosing a French company probably 😂 RR is ripe for it but our government are a useless bunch of *****
AUKUS will show that Rolls Royce can manufacture SMR for export.
AUKUS will show Rolls Royce will have the ability to deliver SMR internationally, beyond that Rolls Royce has been selected by the UK for Small Nuclear Reactor’s for the moon
At 1£ most of us where cheering the Covid Recovery, this is grace to 15£ Just as long as the business is runs profitable
More nonsense from the BOT!
I read about 2029 being a decision time some time back. Always wondered why people keep going on about it when it’s so far in the distance. Unless I’ve missed something saying it’ll happen sooner 🤷♂️
Classic but does anyone plan on leaving the party? AGM day so soon
Buying cheaper sales
I copied this from the UK gov website:
Great British nuclear (GBN )launched a competitive process in April 2023 to select the appropriate Small Modular Reactor technologies with the intention of final selection later in 2024 to take two SMR projects to a Final Investment Decision by 2029.
5£ by May 23 for AGM day
Like 8 trading days to hit 5£ before earning’s! Why not
Reading an article on ii yesterday (sorry can’t post a link) it was saying that a decision on RR SMR was likely 4 1/2 years away, due to government dither. Did anyone else read the article of which this was a throwaway paragraph? Hopefully the AGM will provide a bit of clarity, though decisions from the government aren’t terribly likely in the drift down to electoral oblivion