focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Worth another read
https://theaviationgeekclub.com/bell-v-280-has-beaten-sikorsky-defiant-x-to-the-us-army-flraa-program/
Another 12m UT trade late this afternoon, this means more up and downs next week. Until we get some solid news on big revenue intake the shorters continue playing RR swings . Todays finish is where we were yesterday morning before trading started.
Very annoying these fund managers, playing games for too l8ng
https://fintel.io/ss/us/rycey
Delivering nuclear power Meeting, transcript
https://committees.parliament.uk/oralevidence/11928/pdf/
Science and Technology Committee Oral evidence: Delivering nuclear power, HC 626
Wednesday 23 November 2022
Ordered by the House of Commons to be published on 23 November 2022.
Watch the meeting
Members present: Greg Clark (Chair); Aaron Bell; Dawn Butler; Tracey Crouch; Rebecca Long Bailey; Stephen Metcalfe; Graham Stringer.
Philip Dunne, Chair, Environmental Audit Committee, attended the Committee.
Questions 1 - 82 Witnesses
I: Tom Samson, CEO, Rolls-Royce SMR; and Gethin Jenkins, Head of Safety and Licensing, Last Energy.
II: Dr Ian Scott, Chief Scientist, MoltFlex Energy Limited; John Eldridge, Principal Engineer, U-Battery; and Dr Fiona Rayment OBE, Chief Scientific Officer, National Nuclear Laboratory.
III: Professor Tim Abram, Westinghouse Chair in Nuclear Fuel Technology, University of Manchester; and Laurent Odeh, Chief Commercial Officer, Urenco
The Belledune Port Authority (BPA) wants to use advanced small modular reactor (SMR) technology as part of a future
https://www.world-nuclear-news.org/Articles/ARC-SMR-proposed-for-green-energy-hub-at-Canadian
RR could be very busy soon
https://world-nuclear-news.org/Articles/India-sees-SMRs-in-its-clean-energy-future
Yesterdays, news, hope this is true.
Rolls-Royce in talks to build mini-nuclear reactor for Sir Jim Ratcliffe’s chemicals plant
Company seeks to use new technology to run Ineos facility in Grangemout.
https://www.telegraph.co.uk/business/2022/11/26/rolls-royce-talks-build-mini-nuclear-reactor-sir-jim-ratcliffes/
Great article, hope our government have enough sense to see this progress quickly. Another SMR related article that demonstrates that things are moving on SMR deployment
YLE NEWS
25.11 11:41
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Two major Finnish energy firms, Fortum and Helen, are looking into the possibility of nuclear power generation, particularly with small modular reactors (SMR), the firms announced in a joint statement on Friday.
Fortum is a state-majority owned energy company, while Helen is Helsinki's city-owned energy utility — and both firms have shown interest in possibly harnessing the power of SMRs.
The different backgrounds of both companies would help in such an effort, according to Harri Mattila, Helen's SVP of energy procurement and wholesale operations.
"Helen has been interested in SMRs for some time already and has also expressed this publicly. We regard SMRs as one noteworthy production form of zero-emission energy for heating in Helsinki and also for electricity generation in the future," he said in the statement.
He noted that Helen has experience in managing Finland's largest district heating network while Fortum knows nuclear technologies.
"By combining these strengths, we could create a productive cooperation that would increase Finland’s energy self-sufficiency," Mattila said.
Fortum's Jukka Hautojärvi said multi-firm cooperation makes such nuclear projects more likely to happen amid energy market uncertainty.
However, the firms noted that Finnish legislation about SMRs is still developing, and that potential sites of a small reactor were being investigated.
They said that it would be sensible to place such a reactor relatively close to a district heating facility, but locating them at longer distances could also be possible.
According to the International Atomic Energy Agency (IAEA), small modular reactors have power capacities up to 300 MW(e) per unit, or about one-third of the power offered by traditional nuclear reactors.
Finland's most recent traditional nuclear reactor, Olkiluoto 3 (OL3), was scheduled to be operational about 13 years ago, but use of the facility is currently facing further delays, due to technical problems that need repairing before it can be started up again.
TVO, the company that operates OL3, said the reactor could be turned on by 11 December at the earliest, but that full-scale energy production would not be possible until 2023.
All us investors will be glad we just sat back topped up when we can afford to, ignored the snorters and negative posts, just read everything that is available on the public domain to justify our belief that RR will soon do us proud.
Not long ago down in the 60’s today back to 90, looking at another uplift soon with everything that is due to come.
On twitter today, solid engineering from RR
The #Trent7000 celebrates a huge milestone of one million engine flying hours today! The newest member of the Trent family has delivered exceptional reliability since its entry into service in 2019. #PowerofTrent
Don’ forget plenty of things RR do are not in development and will bring in large revenue . The other investments ultrafan, SMR, eVTOL, etc will be additional revenue.
Existing RR income,
1, MTU power systems
mtu is a product and solution brand of Rolls-Royce, providing world-class power solutions and complete life-cycle support.
2, Engines, Rolls-Royce is the world's second-largest maker of aircraft engines, this brings in huge revenue, add on the total care package that airlines want now.
3, Defence orders, ongoing, Rolls-Royce is a leading engine maker for the military transport market and the second largest provider of defence aero-engine products and services, many new contracts signed over this year
USA Army, Bell has selected Rolls-Royce's AE 1107F engine to serve as the propulsion system on the V-280 Valor tiltrotor if the programme wins the US Army contract for Future Long-Range Assault Aircraft programme
Cathay Pacific set to boost flights to Bangkok, holiday destinations in Thailand
Airbus A350 RR Trent XWB-97 engines
https://www.bangkokpost.com/business/2442872/cathay-pacific-set-to-boost-flights-to-bangkok-holiday-destinations-in-thailand. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.
https://www.bangkokpost.com/business/2442872/cathay-pacific-set-to-boost-flights-to-bangkok-holiday-destinations-in-thailand
There are a couple of reasons why there is no Rolls-Royce dividend being paid at the moment.
The first reason is that the company is contractually not allowed to make such payments. During the pandemic, it borrowed money to boost its liquidity. As part of that deal it agreed to certain terms, including not paying dividends until the end of 2022. It may be able to restart payouts in 2023, but that depends on it meeting certain criteria. Those criteria are known to Rolls-Royce and its lenders but are not public information.
United States will be the most-backed nation with 146,000 tickets purchased, while fans of England and Mexico have gobbled up 91,000 tickets each https://www.forbes.com/sites/michaellore/2022/10/20/qatar-airways-ready-to-shine-at-2022-world-cup-as-official-airline-of-fifa/?sh=1cd3183c5208
Timing just right, Qatar is expecting around 1.2 million visitors between November and December just to experience the World Cup. Add this to the increase in long distance flying over Xmas, Jan and Feb should make great numbers on the balance sheet that RR will include in end of year results in Feb
Winstanley, don’t see this happening, see below Defence spending pledges by NATO members since Russia invaded Ukraine
According to NATO, since the invasion, most member states have committed to investing more in defence, and more quickly. Read the attached link, the table shows future spending pledges made in response to Russia’s invasion of Ukraine.
https://commonslibrary.parliament.uk/defence-spending-pledges-by-nato-members-since-russia-invaded-ukraine/
https://www.express.co.uk/news/science/1695904/rolls-royce-putin-nuclear-smr-fuel-uranium-haleu
Some people criticised the recent trading update due in part to the statement that large engine flying hours were at 65% of 2019 levels in the four months to the end of October and up 36% year to date.
Todays news on Heathrow should cheer up investors and reassure them things are looking good at RR very quickly.
Heathrow Oct passenger numbers 84% of 2019 levels
https://www.reuters.com/business/aerospace-defense/londons-heathrow-airport-oct-passenger-numbers-jump-half-term-break-2022-11-11/
The new CEO starts 1st Jan 2023, great time for him to join RR. He brings new energy and a wealth of experience and contacts with him. I expect big decisions from him early on.
SMR’s development will be in his strategy
https://www.thebusinessdesk.com/eastmidlands/news/2061541-rolls-royce-names-new-ceo