focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The good thing now is we have Tufan Erginbilgic as CEO, he will be frustrated as everyone involved in working on the SMR development program and won’t wait for them to make a decision. Surely he will be able to work with the government to bring this in.
RR have quality SMR designs, manufacturing capabilities and techniques to build not only cost effective but highly efficiency nuclear builds.
Tufan needs to address regulatory issues and the politicians who are determined to fight against it.
If not, easy just build them in the USA or another country and supply only those countries. When the government comes begging tell them the cost is now double to the UK
Tomaaa, Did you read last years AGM, Rolls Royce aren’t paying dividends or doing buybacks anytime soon and not at all likely in 2023
Results of Annual General Meeting that took play last May?
Resolution 21 — The Authority to purchase own shares 99.72% FOR
Let’s wait and see still plenty of time
Encouraging CEO Tufan Erginbilgic Providing updates on Twitter, we will hear more over the next few months then we had from Warren over the 3 years
Hello everyone. The end of my first day as CEO of Rolls-Royce feels like the right time for my first post here. Rolls-Royce is a complex, multi-divisional global business with a strong brand and we must urgently evolve our company to meet a new era of opportunity. I plan to be active here on LinkedIn, not only because I want to help tell Rolls-Royce’s incredible story as we write this new chapter, but also because I want to hear from you.
I’ve been energised by new colleagues, and I am eager to meet as much of our global team as I can in the coming months. Great companies rise to tough challenges. Winning will not be easy, but together we are capable of extraordinary things
RR Power Systems
@rrpowersystems
·
Dec 21, 2022
2022 was an eventful year for us with major orders, steps towards #netzero and technical milestones. We have compiled the most interesting stops in our annual review. Take a look!
I may be wrong but I would have thought that Production carried as normal even as sales stopped. The sales are increasing now each month which may make things easier for RR to meet demand due to holding of engines, spare parts, as well as MTU. Remember we are not only talking about aero engines. Power systems, defence systems didn’t stop.
PSK, Who said they can’t produce the goods, what facts do you have.
The manufacturing of engines, development must have been going on over the past few years even with covid.
RR have large plants in USA, UK as well as many suppliers.
I really don’t understand why anyone would sell at the current price. This stock will surprise many this year, £1.00 is better than what we have recently seen but we re moving fast now to bigger revenues and cash flow positive. In February we have full year results, there is also talk of large engine orders from Air India, as well as the massive USA army order for Bell V280 engines. unbelievable that people want to bail out now.
Mail article today
The new chief executive of Rolls Royce faces an uphill battle to return the engineering giant to healthy profits and tackle its ‘bloated’ middle management, according to industry sources.
Tufan Erginbilgic, who officially starts his new job today, is expected to lay out his vision for the firm at its full-year results in February – in just 53 days’ time.
The Turkish businessman has been nicknamed ‘Turbo’ Tufan for his track record in revitalising companies and accelerating their performance.
He spent several years running a division of BP that oversees its petrol forecourts – pushing it to record profits.
The aeroplane engine maker is one of three FTSE 100 firms bracing for a change of guard today
It is arguably Erginbilgic who has the toughest task on his hands after a tumultuous period for the beleaguered firm – the most prestigious name in British engineering. Rolls has been in turmoil since 2014.
Next month Erginbilgic is expected to lay out plans for an overhaul of the group – which would be its fourth since 2014.
Although the company is set to break even this year, it is a long way from making bumper profits. ‘Tufan has a strong track record in improving financial performance. Realistically this is what we need to do,’ said a Rolls insider.
Thousands of jobs were cut from blue-collar factory teams during the pandemic. The source said the next wave could focus on middle management and address ‘duplication’ of roles in its three main divisions – defence, power systems and civil aerospace.
‘I would be very surprised if Tufan doesn’t want to have a look at the white-collar workforce,’ the insider said. ‘Warren talked a lot about there being bloated middle management. There is a lot of bureaucracy in the business.’
But independent aerospace analyst Howard Wheeldon said another big turnaround would not ‘go down as well as some people expect’, adding: ‘Investors don’t want another period of change.’
Tufan will provide the leadership required to take the company forward. Article below provide enough information for me to be positive with this guy taking over.
He may rock the boat with a few senior management but this will need to happen to drive changes quickly.
https://businesschief.eu/leadership-and-strategy/meet-the-ceo-tufan-erginbilgic-is-named-ceo-rolls-royce
Tufan will be in his role 7 weeks before RR issue full year results, he will pick up what Warren didn’t do, the market will like him as he will have a clear path to profit unlike Warren. His experience at CEO level will no doubt also help drive down costs and win orders
Air India: Will we see a new avatar of the beleaguered airline in 2023?Links below indicate Airbus and RR will benefit. Can only mean huge revenues from this if this deals gets donehttps://www.forbesindia.com/article/2022-yearend-special/air-india-will-we-see-a-new-avatar-of-the-beleaguered-airline-in-2023/82253/1https://youtube.com/shorts/ErMzWBUWlH0?feature=share
Disagree with Warrens statement, reading recent flying data on the country’s that have lifted travel restrictions I would say a date somewhere around the back end of 2023 would be more realistic . Air travel in 2024 will surpass pre COVID-19, countries such as India have realised the need to expand and will soon order planes to be able to cater for the countries increased demand. Also the entire fleet of A380s at Emirates will be back in the air by spring 2023
Airbus pledges deeper industrial ties with India, could be due to big order that is supposed to be placed very soon
Air India is in the advanced stages of negotiating a major fleet renewal and expansion under new owner Tata Group that industry sources say could involve 250 Airbus jets including 200-210 A320neo-family jets and over three dozen A350s.
Airbus also hopes to secure a new home at Air India for six A350s originally earmarked for Russia's Aeroflot, though it remains unclear whether these are included in the main order.
https://www.reuters.com/business/aerospace-defense/airbus-pledges-deeper-industrial-ties-with-india-2022-12-21/
Not sure on the vultures comments, this is I presume is pointed at fund managers, most if not all of us is putting everything into RR shares as we believe it will provide us with a better pension, helping family with mortgages or money to reinvest.
Regardless of motley fool or other financial writers conflicting reports, RR have turned the company round from a company that was nearly going under a few years ago to being the envy of the industry with this coming together 2023/2024 to smashing it in 2025
I did read it, most of all these articles are a joke, but in part it is good news
Flyers return is the part I take as accurate, the writers opinion means nothing
Facts - In the third quarter of 2022, passenger capacity at International Consolidated Airlines returned to 81% of its 2019 level. Short-haul and North American routes hit 91%. These numbers are ahead of the second quarter, and part of a trend that’s been strengthening all year.
It’s happening across the industry too, with easyJet reporting strong passenger numbers for the year ended September.
This means more miles on Rolls-Royce engines, and more maintenance revenue, which is where the bulk of profits come from
More of this please
https://uk.sports.yahoo.com/news/3-reasons-buy-rolls-royce-071600935.html