Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
These type of problems are normal in this business nothing works perfectly all the time it's the nature of the beast, as long as its not a major one like T1000 it should hopefully be just a service bulletin. Problem is at the minute any type of small issues are jumped on by press or derampers
Casa. Your 270 million figure you can cut in half at least, the average at RR is 2 weeks per year of service and company as we speak is negotiating even less as we speak. Also flight revenue roughly 60% down and aerospace division is 51% or 52% of total revenue with defence and power systems doing OK so company does still have revenue coming in !
The defence business will be stronger going forward it has been under invested in by the government for years and now it needs rebuilding, Brexit has left us more isolated in the world and more vulnerable so the government will recognise IMO the need to bolster the defence budget.
https://www.fool.co.uk/investing/2020/07/04/is-it-time-to-pile-into-the-rolls-royce-share-price/
Hi Poker hips, good balanced post there but our friends at Motley Fool ( stop laughing ) suggests that the Defence business alone is worth this current valuation? What's your opinion on that, I tend to agree the market is currently a bit harsh at valuing RR?
Goldigler. No not 85% looking at the Comercial graph ( more relevant to RR ) could be around 40% of pre covid19 levels, not sure of 2019 flights per day in comparison but this is nearly peak season for flying hours. RNS stated average for 2020 total would be 55% down.
Don't understand the negativity there were 2 reasons this dropped from £10-11 SP. They were Trent 1000 and Covid19 both of which are slowly going away and yes we will carry some more debt so you would expect a reduction from the previous price I mentioned but cannot some people see we are heading out now of these 2 negative incidents and investing is all about getting ahead of the curve isn't it and having vision for the future. An easy call IMO
Hi Static. I understand your view but don't forget Mr East has not been dealt an easy hand here, Trent 1000 and Covid19 were both individually massive events impacting the companies fortune and it could be said that any management and company that can weather these storms is actually being run well. Imagine if these 2 events never happened this would be really profitable right now. Gotta be calmer waters ahead and with a leaner run business and cost savings implemented could be a good one. Different perspectives I suppose but the last couple of years has been unusually challenging. Good luck anyhow
Static I believe they do have a history of quietly addressing issues without drama normally although last Friday was a bit messy by their standards but then they were reacting to naughty rumours and were sincerely I believe trying to clear up the noise. I understand you may feel a bit disappointed with being underwater presently but with flying hours surging on now and revenue returning enough to sustain a smaller footprint company the rot is being stopped. I would not want to see any future quality issues or any other type of situation of not the companies doing as this would put the company as you say a bit out of control but as things are I believe it is under control. Keep faith flying is returning