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Having bought at 101p i've now made a milllion billion percent here. I'm fed up of people bragging about making more or shock of all things selling up and buying other shares. I mean biggest rising share in 2023 and high up in 2024 too. Why sell a share that's making good money with more to come? To quote an 80'S expert 'I'VE GOT LOADS OF MONEY'!!

To quote another icon 'Didn't we do well'!

Stay positive!

I remain convinced that RR will yet again have an excellent year and EOY will reach 1200p. I posted my reasoning back in January and all that has really changed is loss of the Thai contract. Profits are higher than expected, All contracts have been increased and are now profitable. I was expecting a joint narrow body engine announcement but it now looks as though RR will go it alone, a good long term investment but costly short term. RR should never have left the narrow body market.

I bought in at 101p and hope soon to receive a dividend which will be about 5% on that investment. I'm looking forward to seeing 101p / 100% dividend before too long. Now wouldn't that be a great result?

I've just had a head hunter working for Westinghouse nuclear looking for staff.

I wish peeps would stop wanting buybacks.

1) Buybacks are for companies whose assets are worth more than the company mkt cap

2) when the company has run out of ideas or mkt share

RR though has ideas popping out everywhere and is constrained..by lack of cash.

The ex divi date will be when RR start to pay a divi. So far this has not happened.

When these falls happen \london often starts down but finishes up. just be patient

Complete re rating needed.

RR has been £8 even £12 but that was before the rights issue etc. Its the mkt cap which counts and its good.

I posted this last night. Does no one read recent posts or did it get lost in the war no war scare?

Power plants. Rolls’s assessment is the first example of the process in practice.

It has done so as the Government has laid out plans for a “nuclear renaissance” as part of plans to remove carbon emissions from the electricity grid.

Despite this, the UK has not completed a new nuclear power station since the 1990s, when Sizewell B was built on the Suffolk coast. Several existing plants are due to come offline this decade.

One large power station, Hinkley Point C, is under construction in Somerset, with work on another in Suffolk, Sizewell C, poised to begin this year.

The Government is also developing proposals to build a third in Wylfa, Anglesey.

However, both the previous Conservative administration and the new Labour Government have set out plans for a large amount of new capacity to come from a fleet of smaller, lower cost SMRs as well.

Https://www.telegraph.co.uk/business/2024/07/30/rolls-royce-clears-key-hurdle-race-build-mini-nukes/

Rolls-Royce has cleared a key hurdle in the race to build Britain’s first mini-nuclear power plant, as competition across Europe ramps up.

On Tuesday, the FTSE 100 engineering giant became the first developer to advance a small modular reactor (SMR) design to the final stage of examination by UK regulators.

Helena Perry, director of safety and regulatory affairs at Rolls-Royce SMR, said the latest approval was “the most important milestone to date in advancing deployment of Rolls-Royce SMRs in the UK”.

She added: “We have built fantastic momentum and the team will move directly into step three of this rigorous independent assessment of our technology – ideally positioning us to deliver low-carbon nuclear power and support the UK’s transition to net zero.”

The Derby-based company wants to build a new generation of lower-cost power plants, made from modular parts that would be produced in factories and then assembled on site.

SMRs would each generate 470 megawatts of electricity and cost between £2bn and £3bn initially. Rolls-Royce aims to bring that number down gradually through economies of scale.

The Office for Nuclear Regulation (ONR) said Rolls has now been cleared to move into the third and final stage of the UK’s generic design assessment.

That process is expected to conclude by the end of 2026, after which Rolls will be able to apply for site-specific approval to build its first SMR.

A summary assessment published by the ONR on Tuesday said that the regulator has “not identified any fundamental safety, security or safeguards shortfalls that could prevent permissioning the construction of a power station based on the generic Rolls-Royce SMR design”.

It came as plans for the first SMR in Europe separately advanced. Romania’s state nuclear company awarded a contract to build one using designs developed by American developer NuScale Power.

Tufan Erginbilgic, the chief executive of Rolls, has urged the Government to move forward with SMRs quickly to avoid losing “first-mover advantage” and the potential for huge international exports.

The latest development is a boost for Rolls as it vies against NuScale and other would-be developers in the UK’s ongoing SMR design competition.

Companies made their final submissions earlier this month. Rolls, GE Hitachi Nuclear Energy, Westinghouse, Holtec Britain and NuScale were still in the race after French energy giant EDF pulled out.

Two winners are expected to be chosen and then awarded contracts to build their prototype nuclear power stations at so-far-unnamed locations.

Sizewell B nuclear power station

The UK has not completed a new nuclear power plant since Sizewell B Credit: Chris Ratcliffe/Bloomberg

The ONR introduced the generic design approval process in order to simplify and speed up the approvals of nuclear pow

The EPS can change quickly especially on new figures due this week. I for one believe an EPS of around 20 is reasonable for current business but we have so much more happening. Some projects I have seen but as yet not released will make RR a different company.

I keep saying 1200p by end of year. So far its all lining up except the SP should be higher. The market letting RR take a breather. I just see a changed company motoring for profit. In Derby you get asked where you work. Its either Royce's or Toyota. If its Toyota they know you work every second of the day. Royces was run by older management and more relaxed, thats changed.

Share buybacks sound good for investors but can be a trap too.I remember C&W selling off so much and buying shares etc then vanishing into telewest and virgin. There is only one instance where they make sense. When the assets are worth more than the mkt cap of the company. A bit like RR when it hit75p. Only it had no money to do so. Then we look at RR and all its world leading projects it has going at present its going to need that cash to fund the projects. A dividend makes sense though because then institutions can buy and that will boost the SP.

So why I wonder with such negativity are you here? If not happy with the SP then sell and don't look back. If you are short just admit it and back up your position. So far you have said nothing concrete to support your position. Just some vague I'm worried. Directors are buying. the P/E is the lowest in the industry. Airlines are making fortunes. Brokers are saying 550p. Yet you're scared because you can;t see anything positive. I guess you are a Russian bot trying to sow confusion and lower funding for RR etc. Your poor English tells me that Sailisbury Cathedral is 123m high.

There is no black hole. However set out a load of new spending plans without funding and presto a blackhole appears.

Given all the news recently and the way the SP fell on good news, I can now see more good news this week and 500p by FRIDAY!

Rolls-Royce has had an excellent week at the Farnborough Airshow in the UK. The event has been a valuable platform to strengthen partnerships, create new connections and showcase our contribution to the industry’s bright future.

I was delighted to welcome UK Prime Minster Sir Keir Starmer as he opened the show and introduce him to some of our enthusiastic apprentices. His support for the wider aerospace and defence industry, its potential as a growth engine for the economy and as a driver of high-skilled employment was clear in his opening speech.

During the show, it was pleasing to announce commercial aviation wins including from Abra Group, flynas, JAL, JSX, Vietjet and Virgin Atlantic. Our Defence team were very busy meeting with customers and partners and it was announced at the show that manufacturing is now underway on the UK’s first combat air demonstrator in 40 years, to test crucial technologies needed for the next generation combat aircraft, Tempest.

The status of Farnborough Airshow as the world’s largest aerospace trade show of 2024 means that alongside the public events, I was able to meet with other senior leaders to discuss joint opportunities. In the space of just a few days, it is possible to connect with multiple stakeholders. It was good to receive positive feedback on our transformation and hear how our stakeholders now see Rolls-Royce as a stronger partner. This is an important indicator of our progress. Our strategic priorities are closely aligned with the ambitions I heard from our customers and suppliers, so I expect these partnerships to strengthen further.

We were also there to listen and learn. The aviation industry is full of smart people doing incredible things, and my leadership team had thought-provoking discussions about how the industry can collectively push the boundaries of what’s possible. It is energising to think how these new connections and perspectives will inspire all our businesses.

A personal highlight of the week was the continuing emphasis on sustainability. It's clear that the aerospace industry is united in its mission to reduce carbon footprints and embrace net zero. This is something I care deeply about and an aviation imperative that Rolls-Royce is uniquely positioned to leverage. The energy transition, and our company’s role in advancing it, was a theme of many of my conversations.

These were discussions about what is achievable now. Our game-changing Ultrafan positions us well in this space and we announced at the show that we will now move to proving it can be scaled for narrowbody applications. We already deliver the world’s most efficient large commercial aero engine in service today – the Trent XWB – and our work in making all our engines, across Civil Aerospace and Defence, compatible with sustainable aviation fuel, makes me proud that Rolls-Royce is contributing to our industry’s drive to create ever more sustainable aviation.

Ah Cyprus. Didn;t they steal a third of the money in the banks?

Buffet buys mostly American bonds and companies because as he says America can always print more money.

I reckon if the debt becomes too much they will just devalue and walk away from anything held by China etc.