Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Flying hours jumped up yesterday as expected in July with Ryanair starting up and others worldwide nearly 57000 flights yesterday, these will continue to surge onwards in July and August with air corridors opening and some closing it has to be said but progressing well enough. Some long haul air bridges needed now and I'm sure not to far behind. https://www.flightradar24.com/data/statistics
No big deal that it's an on wing care job external fix, things like this happen all the time in this industry its not even news. Service bulletins are commonplace in the aerospace industry.
Going forward RR obviously will carry more debt but is it really worth a reduction of £8 on the SP once revenues /profits return from pre- T1000 and Covid19 errr no don't think so! Next year the SP will be double and more from now IMO even if flying hours will be only say 80% of pre covid19 levels .
TR82. Not really mate this issue wiped £3 off the share price and is being well addressed could be no AOG by end of year good progress being made. It was mentioned in one of the recent RNS I think 2019 results single digit AOG by end of Q2 around now could be clear in the autumn IMO. This issue and the flying hours are the 2 reasons SP came down from £10-11
80% of covid19 infections show no symptoms. My mate works in the hospital and has had it and they all were tested in the hospital majority showed no symptoms and were surprised the test showed as having had it. I think we are well into getting herd immunity established myself now, more people in general population have had it and not even realised, sure we will get some sporadic outbreaks but these will be contained locally. This will clear off before vaccines becomes available IMO
Grayling. Well explained post. I think it's reasonable to say that we will get back to 80% flights levels post covid19 with the impact you described and RR can work with that by the smaller footprint and liabilities reduced. The population of the world is always increasing and before covid19 the forecast was that we expect a lot of growth in flying hours going forward so with business flights impacted now it is a dent in the growth of aerospace but I see it more of a blip over next 3 years which will eventually fill up. Also RR is very well diversified as I'm sure you already know with a lot of technology at its finger tips and I'm sure as we speak the business strategy guys and Mr East at RR are mulling over the future direction the company will target going forward and I have some confidence they will get this pretty accurate as RR employ the best brains around. We have already seen evidence of this with their bitesize nuclear power pods. Good luck
Grayling. Your theory of one bad long haul flight and all bets are off. How about the current flying hours being at 40-45% of previous covid19 levels now, yes many of which are internal flights but many are safe corridors agreement with likewise "R" rated countries which seems to be the pattern going forward and as yet this testing of the water has not not created an issue you suspect or like the meat factories have so as long as R rates are vetted equally there is a small possibility of a mishap but it would be contained specifically and locally and the rest of world would carry on I suspect until the Virus fizzles out which some indications are coming out of hospitals now of lack of potency and impact to patients. Regarding the boat engines I suspect they are a small % of the power systems portfolio and are possibly cash engines not total care packages like civil aerospace and many engines are land based installations so basically a small fish compared to the civil flying hours issue. All good debate.
Norrab 1. I believe we will get to around 80% of previous levels by this time next year and then the rest will I admit take a bit longer maybe another 2 - 3 years to come back. Covid19 will not be around forever and with RR streamlined downsized civil aerospace business having less liabilities and costs going forward it should be balanced. New orders will eventually come from the vacuum created by the scrapping of old planes. It's not all Doom and Gloom.
Past performance is not an indication of future performance, standard spiel. Where is your vision for the future? Company is getting it's ducks lined up, I admit this is a long term thing but even by next year it will be £5+ if not before but if you don't want to invest then don't, simple. Not going to miss you xx
Agazzis. You are obviously not the only one who feels that uncertainty resigns supreme currently as the current SP stagnation confirms that. I guess I am just a bit more optimistic than the average Joe. Anything can happen as you say but I'm comfortable being long term myself, a few hiccups ahead I'm sure but generally upwards I reckon.
Agazzis. My personal opinion for what it's worth is that we will get a few sporadic spikes around the world but I feel they will have less impact as herd immunity is being built up and I hear 80% of people who get the Virus show no symptoms so this would strengthen that idea and that many more have already had it than we may think . Governments will panic less and have better protocols ready in mind and safe travel corridors will continue with likewise "R" rated countries. I'm betting that once you had the Virus you build some immunity as it would be unusual not too. I think the Virus will fizzle out before vaccines becomes available but this is only my thinking and I appreciate many have differing views. Good Luck
With flying hours the main driver to get this SP up they are now up at 50000 commercial flights per day as of yesterday up from 24000 2 months ago. Every week they increase another 3000 per day
Still a way to go but how much longer before this SP cannot be held back? The world is learning to live with covid19 and the hunger to fly is building up in people https://www.flightradar24.com/data/statistics
Grayling you have no idea pal it goes on I know, not a clean moralistic world you know. This sort of thing far more prominent on AIM but its a corrupt world wake up. That article was written with an objective in mind!
That article you can tell is so one sided glass half empty attitude it suggests to me a client has paid for it to sound that bad looking to control the price, maybe sandbar, DSAM and maybe they went half's on the cost? Am I sounding cynical now? Stranger things have happened!