The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
richard10...Rolls Royce sold their car make(Vickers)to BMW in 1998, Also BMW thought they could call their cars Rolls Royce, But RR held the rights to the cars being called RRs, BMW bought the rights for around £50m.
Volkswagen bought the rights to Buy Bentlys but could not identify them as Rolls Royce cars...so they're called Bentleys.
I'm not a trader of any sort, Just an old boy that believes RR has a world class product and in the main a great workforce, Currently around 5k down from last weeks SP, Am I fussed...not at all, I still bought more today at 219, I understand after reading up what short selling is, Fair play to those who took a gamble and it's paid off in the short selling game, This is what delving into the share market is...a gamble, Will it go lower, Casajaluma may have knowledge, Is he/she a trader or just someone who sticks and twists at the same time, Whichever he's winding a few up on here.
FTSE is at 5862, I remember when circa 12/13 years ago when the world markets were in turmoil RR shares hit less than 100 per share, Sir John Rose put his hand in his deep pockets and bought 10s of 1000s of shares, I joined the sharesave scheme and when after 5 years they'd risen to 600+ per share I cashed in, Some in one tax year, Some for the Wife and the same in the next tax year just to stear clear of HMRC...I did well, So I believe in a couple of years those who are looking for a good return will be more than happy.
PS...I enjoy having a read of this site...never to old to learn aye...wink.
Topped up with more, 5k worth at 219...Long Haul and a good return in a couple of years.
"The UK government has a “golden share” in Rolls which gives it the ultimate say in the company's future. ... It prevents a foreign power gaining control over the company's sensitive work on jet engines for military aircraft and nuclear power plants for submarines"
If Casajalumas story is true and it's a BIG IF... and they get a Government bailout...surely this will be a plus for RR and the SP.
What happened around 3pm ish for the shares to get to 260p after falling to 229p?
Thanks in advance.
Arsenal17
I did applogise for my mishap with Warren Easts 2019 comments, Yes I am a novice where shares are involved, This is my 1st venture in share buying, I withdrew £25k from my bank account as interest rates were non existent, I didn't panic the other week when they were circa 225 a share, I kept hold of them, 9716 shares, I worked there for almost 15 years, I believe they have a world class product, The share price I believe will move upwards in the coming months/years and my 25k will see icing on the top.
Just be carefull when getting off your high horse.
Appologies all, My above post was from 2019 concerning Warren Easts comments, To hasty with my fingers.
Half year results Aqua26
Warren East, Chief Executive commented: “We delivered further progress across the group in the first half in line with our full year expectations. We expect a significant improvement in cash in the second half as we unwind inventory built up to support customer deliveries and benefit from improved trading in both Power Systems and Civil Aerospace. In Civil Aerospace we delivered on key drivers of future cash flow with further improvement in average OE unit losses and continued aftermarket growth. Defence grew both revenue and profit and enjoyed substantial order intake. In Power Systems we also saw good revenue growth and order intake and entered the second half underpinned by a healthy backlog.
We have made good progress on resolving the Trent 1000 compressor issue, though regretfully, customer disruption remains. Progress on our restructuring programme is in line with the plan we outlined a year ago. We took significant strides in accelerating our electrification ambitions through the announced acquisition of Siemens’ eAircraft business in our drive to create cleaner, more sustainable and scalable power for the future.”
Spot on ARSENAL17, I've defended enough over the years, Put simply the staff side is overloaded, Not nice to lose your employment at RR whether staff or shopfloor, It used to be a job for life, Now work is moving around the world, Derby has seen work moved to Singapore, Germany, South Africa, Japan, Spain and more, With parts coming from all corners, Tho the staff side has grown far more without redundancies, The downside is companies that started up a few years back on the strength of RR are also laying off.
PS Charlie George was some player...take it easy now fella.
"i guess you must have been very suprised at the BOD action and the elimination of so many workers and so much cost control ..given the "insignificance" of that business loss... "
RR employ around 12000-13000 staff in Airlines in Derby, Around 3000 are shop floor ie working on Engines, Leaving 9000+ staff in support, This 9000 is hugely over staffed with HR, Procurement, Managers, Middle Managers, Senior Managers, Production Leaders, Office staff and others, I was a Senior Union Official there, When times were good more Managers employed more under Managers to protect their jobs, It's been a crass way of running a company, Sir John Rose new only too well there was a problem and moved on, Warren East is having to look at the workforce especially Staff rather than works where people arrive for work on a Monday and leave on a Friday and doing nowt for their wage...it's been Loooong over due.
Hiya Phil, I'm an ex RR employee from Derby, I was involved in the making/assembling of the Trent 700, The banks were giving nowt on my savings, So I invested 25k=9716 shares in total, I'm in for the long term 12/24 months, I'm confident enough to say that the engine problems today will be sorted for tomorrow, Once a vaccine has been sorted then all planes that are parked will be in the air and flying money banked, Yes there are 1 or 2 doom and gloom merchants on here, But when you have world class engines that GE would love to own then stay for the long haul and the shares will be ready for take off...not yet tho the runway can be seen.
Hiya all 1st time poster here, I'm ex Rolls Royce from Derby, Invested at 2.55 a month ago, I'll keep hold for a year or so, Yes there have been problems with the Trent 1000 and 700, This will/is being sorted, Parts wearing before life end, Supplier eventually will have to pay, Confident this time next year 5.00+, Planes that are parked will be in the air soon enough...Happy days.