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Thanks guys and or girls for your comments.
Even though all my policy details are Royal London it turned out that I should have said my SIPP was with the ex-Scottish life department. So nothing happened for weeks. Then it was rejected on some electronic transfer system called ORIGO. A few week ago both sides agreed things were moving and should be complete in 5 to 10 working days. But I will chase them again this morning.
Still waiting for cash to materialise from partial SSIP transfer from royal London. It’s beyond a joke now. Been waiting since end of July. Having said that the funds have now been sold but not appeared in my HL account yet. Really wanted to add with share price sub 80p. Will be gutted if funds arrive after ITP sale news.
Bain deal to finalised by 15th September with Spanish Consortium to settle up to 27.5% in coming months.
Almost there.
https://www.kiratas.com/rolls-royce-will-close-the-sale-of-itp-aero-before-september-15/
I thought it was more complicated than that. I always thought that market makers could borrow shorted shares and sell them to retail investors without an actual sell taking place. They do this knowing that the short will eventually be closed and therefore bought. This way the MM’s can really control the share price. For example if 10 million shares are shorted today then the MM could sell them 10 million shares without having to match to a seller, they are like surplus shares that won’t drive the share price. When shares are shorted it’s like a little rights issue.
Don’t know if I am right it’s just how I imagined it worked.
UK needs to place some firm SMR orders ASAP or its going to find itself way down the list of customers. This potential 2029 deployment of the first RR SMR will end up being outside the UK if the government doesn't get a move on.
You can not seriously compare RR with CINE or 4D.
CINE has massive multiple of debt to turnover. Even if it could find away of making a profit its never going to pay down that amount of debt.
4D has never made a profit and its turn over is tiny.
RR is a major FTSE100 company with many revenue streams and IP worth billions. Its about to complete a deal that will give £1.5BN to pay down debt just by selling a little part of one of its many business'. RR is a recovery stock.
There is a £2m loan that is subject to interest rate rises and this is what will be paid off using the monies from the ITP sale. I suspect there will use some cash to pay the remaining amount. There are no other loans due or export to rising interest rates at this time.
Just need some better results posted.
Power business is very strong.
https://www.rolls-royce.com/media/press-releases.aspx
Sure they will need at least 2 SMR in build to make things viable. Tom Samson said something like we are not going to start building factories for one SMR. If we assume a start of 2 in build in year one and add another at regular intervals to give rolling production of 2 per year minimum.
You are looking a new sector of business with a bigger turnover than defence. This is imo a conservative estimate.
Not new news but just an example of UK industry primed and ready to make RR SMR a reality.
Hopefully once the the new PM and cabinet is in place there will be announcements on SMR funding.
https://www.bamnuttall.co.uk/innovation/uksmr/
I’m in same boat.
Had Promised wor lass chips AND rice from the takeaway tonight but it’s not happening now.
Also promised her one of those matching bra and knickers sets. She’s always fancied a matching set (proper posh like). But I will just have to raid the jar and get her some middle of Lidi specials. Shame, I was quite excited.
Yep, there is a mountain to climb, last year’s results got everything ready for the journey . Tomorrow we find if we have started the trek and when the ITP sale goes through we will be a base camp.
Along way to go, but when we reach the summit it will be worth the wait.
From OAG.com week to 25/7/22
"International capacity is at 37.1 million seats this week, 27.0% below where it was in the same week in 2019 and 0,8% higher than last week."
https://www.oag.com/coronavirus-airline-schedules-data
I'm sure I read in either the trading update or 21 results that with run rate savings, a 70% recovery vrs 2019 flying hours will put things back to profit. - Can't remember exactly, but it was something like that. Will try to find it.