RE: UK £27 Sep 2022 12:47
Mostly US$'s.
Ironically, previously when the £ got stronger, RR would drop, now the £ has sank to all time low levels, we are dropping again.
The FX is fixed, but I would have thought we would still be getting the FX Gains between the Balance Sheet and Cash at Bank, but hey, who knows with RR.
Noting that the RR Order book is the highest in history, the variable debt is paid off, flying hours are now 85%-90% of pre covid levels, and we are winning new large orders all the time, plus with potential of SMR's and various other aspects, the only answer now left why the SP doesn't rise is because East is holding everything back to make the new CEO a star when he comes onboard.
It doesn't matter to RR that Inflation to the general public is through the roof, we don't sell to the general public.
The Engines are flying, all of them, so all of them need servicing.
There's one thing that you can say about RR, and that is that RR is "unique" in every way.!