Member Info for Grayling

Could not agree more. Have held both AZN and GSK for years and will continue to do so. They are both in the forever fund along with PHNX, another non-flashy but very solid business. Traders will come and go, but these are all for the long-term.

TFE Give it a rest. I think we have more immediate problems to deal with than an ongoing war of words over who's economy is going to tank the most in the next 12 months, us or the Eurozone........zzzzzzzzzzzzzzzz

"The Falklands oil will be important once We have left the EU." Why would that be? I was not aware that being in or out of the EU made a jot of difference as to where we get our oil and how much we pay for it! Truth is nobody is going to want any oil for quite some considerable time now and as storage capacity tops out, production will be have to be slashed globally. No point in producing the stuff when you cannot sell it and there is nowhere left to store it either.

GE said it is consulting with the 1,400 people at its Nantgarw site, near Caerphilly, as the firm suffers from the drop of numbers in air travel. "The business is consulting with all employees at the Wales site, including those currently furloughed, regarding voluntary severance." GE Aviation makes jet engines for Boeing and Airbus. The company's plans are the latest sign that the air travel industry is preparing for a prolonged travel slowdown due to the coronavirus pandemic.

Agree entirely, do not take advice from here. Look at the facts and make your own judgement.

VA just quit Gatwick and announced 3K + redundancies.

I think "it may be rocky for a year or 2" may be wildly optimistic as it all depends on how long air travel is disrupted. Another factor is that the RR market segment lies in engines for wide-bodied long-haul aircraft whereas their rivals have a significant presence in narrow bodied short-haul fleets. As domestic air travel is likely to return much faster than international travel, this may cause an even greater lag for RR. While East has done the right thing in a potentially existential crisis and the redundancies in particular are incredibly unwelcome, he is not a magician and I would not rule out either a cash call or a request for government support if this drags on until the end of the year with no uptick in activity.

Been using them for years now and never had a problem buying or selling. Became a no-brainer when they reduced the annual charge to £12.50p irrespective of balance and they also allow you to trade internationally for a couple of hours one day a month for £3.95 (+SD) a trade.

Looks to me as if divi is to be paid in full as stated on May 19th. If they were going to cancel or reduce we would have heard by now. No reason to panic anyway, PHNX has no exposure to Covid19 downside in insurance terms as it is a closed life policy manager. A bargain at this price IMHO and good for the ISA forever fund.

"What is remarkable and as was recently stated this is a remarkable share " Someone has been in lock-down for too long :-)

Fakeland, Spreading joy and light as ever. Surprised you have not predicted £1.75 a pop for these as per usual.

Oh and you will probably be whinging about IR35 next. Contracting, yet another hugely expensive con-trick foisted upon the poor PAYE taxpayer by the private sector!

Can't you read? UNFUNDED means that it relies upon earnings from investments to pay its claimants. Much the same as a private scheme. By the way how many final salary schemes still exist in the public sector? Not many. Civil Service is no longer FS and that is a big slice of the sector.

Well Richard not that old chestnut and now for a few real (and somewhat inconvenient) facts. A National Audit Office (NAO) report into public sector pensions calculated the average annual public sector pension payment to be £7,388. However this NAO data only includes unfunded pensions, and not the local government scheme. The average for the latter according to Local Government Association (LGA) is £4,044. Furthermore the LGA scheme is FUNDED meaning that it relies upon earnings from investments to pay its claimants, essentially a private pension scheme. Finally, take the NHS as an example of the biggest public sector employer where the distribution of pensions by size is very uneven. A very large number of people receive only very small amounts. This is due to the high numbers of those who don't work all their lives or work part-time in the public sector and for the NHS the vast majority of employees receive pensions of less than £5,000. Think about that when you are out clapping next Thursday and stop whinging on about pension provision in the private sector.

Stop spreading this mindless c**p across the LSE boards. Do one, there is enough conspiracy theorist Covid19 fake news out there without the likes of you spreading more around. Get a life.

Went short on Rolls Royce reported 22/04/20. Only 0.5%; but it is the first time anyone has shorted RR stock since mid 2017.

A bit of news from the Delta side. They are unwilling to put any more cash into VA as they have problems of their own with some of their smaller partner airlines (Aeromexico and LATAM) and as part of an agreement struck with VA over reorganisation VA actually owe Delta some $200M payable this year . However, Delta would be prepared to increase their equity stake in the business, but are blocked by the fact that their holding is already at the maximum (49%) allowed under foreign ownership rules. So the long and short of it is that Branson’s Virgin Group would have to invest a comparable amount in order to ensure Virgin Atlantic maintains majority U.K. ownership. Delta's CEO said "Virgin Atlantic could enter administration and restructure." Meanwhile the U.K. government has rejected Virgin’s request for a loan. Branson still lobbies for it. Forbes estimates his net worth to be $4.2 billion.

I hold positions in both BP and RDSB, but I have never been happy about the Russian tie up forced on BP when the TNK deal went sour. Despite assurances from Putin about the good degree of cooperation between ROSNEFT and BP the former is going to be hit by the current crisis more than most due to geopolitical stances and I regard ROSNEFT as little more than a political pawn. Thus on any current weakness I have been adding to my stake in RDSB and not BP as I judge the former to be a more diversified and risk free recovery play than BP.

How much is the contract worth though? That is the important bit of the news and not stated. It may be commercially or strategically sensitive information, but I suspect that if it were a large amount of money then RR would want everyone to know about it given present circumstances.

That is not my understanding at all. Military contracts and the civil power division form only a minor fraction of RR turnover. The majority comes from the ongoing aftercare of installed engines in civil aviation fleets all of which are idle at the moment. That and the obvious freeze on airline fleet expansion and thus new engine orders and installations will hit the bottom line very very hard for some time to come.