Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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
Interesting article from WORLD NUCLEAR ASSOCIATION
In November 2021 the UK government announced that it would contribute £210 million in grant funding to Rolls-Royce SMR to match private investment in this venture. Rolls-Royce Group, BNF Resources UK and Exelon Generation will invest £195 million over about three years in it. Rolls-Royce said the SMR business, which will continue to seek further investment, will now "proceed rapidly with a range of parallel delivery activities, including entry to the UK generic design assessment (GDA) process and identifying sites for the factories which will manufacture the modules that enable onsite assembly of the power plants." The reactor is designed for hydrogen and synthetic fuel manufacturing as well as electricity generation. The Rolls-Royce SMR consortium, involving many of the major UK engineering firms, aims to build 16 reactors, each a pressurized water type of 470 MWe.
Plenty of funds to spend
£490 million with commercial equity and UK Research and Innovation grant funding.
https://www.world-nuclear-news.org/Articles/Qatar-invests-in-Rolls-Royce-SMR
Engineering giant aims to build 30 reactors to kick-start nuclear revolution
https://www.telegraph.co.uk/business/2022/11/09/rolls-royce-seeks-open-mini-nuclear-reactors-across-wales-north/
Nice change for something positive from Motley Fool.
Looking forward to a nice return
Why the Rolls-Royce dividend forecast is a buying signal for me!
Forecast
Year 2023 dividend 0.6p
Dividend yield* 0.7%
Year 2024 dividend 1.2p
Dividend yield 1.5%
https://uk.sports.yahoo.com/news/why-rolls-royce-dividend-forecast-090844027.html
Virgin Atlantic launches first ‘eco’ flight from London to Florida amid promise of ‘guilt-free travel’
Great for RR as A330neo uses Trent engines
An Airbus A330neo – nicknamed Billie Holiday – was used for the flight. Virgin is the first UK airline to fly the aircraft, which is described as “one of the quietest and most fuel efficient in the sky”.
https://www.standard.co.uk/news/transport/virgin-atlantic-eco-flight-from-london-to-florida-heathrow-b1037022.html
Waiting for a drop, doubt it, one way only on Thursday, upwards.
Trading update will mean we avoid a drop as investors/ fund managers will be happy with progress this year. Solid growth in back end of 2022 and into 2023 will only help increase share price
Encouraging
https://www.thearmchairtrader.com/rolls-royce-holdings-share-price-forecast-analysis/