Member Info for Grayling

That is just a corporate brush off, a very polite one I will grant you, but a brush off just the same. Nothing will happen.

A Boeing Dreamliner pilot recently referred to RR engines as "Rotating rubbish" on a pilots forum discussing the recent incident in Rome. I hope that this is not a widely held view amongst airline flightcrew!

Millair. Probably because like Schweppes attempt to move its tonic range upmarket it will achieve very little. Who is going to pay a premium price for anything that a lowest common denominator producer like Coca Cola dreams up? Wrong market segment for them. Still if it bombs they might consider making a bid for Fevertree?

My biggest loss since selling out of RBS back in 2013. One of the few shrewd things Woodford did was getting out of this a few years ago. I sold my wife's stake at that time, but foolishly stayed in myself and should have got out then. Oh well. I have bunged what was left of the cash into Unilever. Boring, but steady I hope!

RR today lowering the long-term senior unsecured debt rating of the company from A3 to Baa1. The high cost of rectifying issues with the cracking blades of the Trent 1000 aircraft engines, as well as "limited" free cash flow worried Moody's. On the positive side they upgraded the outlook to "stable" from "negative" and emphasised Rolls-Royce had high barriers to entry and a "strong" order book, which also was supported by a "positive" outlook for its core aerospace and defence end markets as well as some of its niche power segment markets. Finally Moody's stated "Roll-Royce is committed to a strong financial profile and has strong liquidity".

I doubt very much that this is anything at all to do with cost cutting. RR are simply struggling to overcome several problems at once here with greater than expected wear on high-pressure turbine and compressor blades, the former despite a blade redesign, which surprisingly still showed high wear levels and needed replacement more rapidly than the originals. Apparently a third design iteration is expected to be available later this year, but it is all very frustrating, expensive and slow.

Rolls-Royce is the biggest FTSE100 faller today, down 3%, which Reuters says is caused by reports that fragments of an engine fell from a Norwegian Boeing 787 Dreamliner near Rome, Italy. Rolls-Royce's Trent 1000 engine powers the Boeing 787 Dreamliner.

According to the Sunday Times Rolls Royce was one of three companies along with Burford who's shares were marked down last week following the Twitter announcement of a forthcoming report on misleading accounting practices at a UK company without naming the target. The report was of course about Burford and not RR and so it seems we were merely collateral damage in this war of words.

Rolls Royce (Civil aviation) down, BAE (Military hardware) up. Has someone declared war?

Very good set of figures and the one bright spot in my portfolio today!

Read the last line..............."This Loan agreement also provides for further funding on the same terms of between £3.6 million and £4.5 million dependent on the operational performance of the Horse Hill asset." In other words there will likely be further share dilutions to fund future operations.

I think 12 months to sort out the ongoing mess that is Brexit is very optimistic, particularly in view of the current Mexican standoff. With the current downward pressure on air travel coming from the Boeing crisis, Trump's trade war with China, regional disputes (Japan and S Korea), industrial disputes and on top of that the climate change lobby I see little to be positive about for growth in civil aviation and thus RR in the near term. Remember you could pick these up in the low 500's only 3 years ago, so no entry price is a guaranteed bargain here.

I consider this company to be completely amoral and without any shred of humanity or common decency see https://www.bbc.co.uk/news/uk-49208240

Listened to East on R4 this am. He did not come across as too convincing to be honest and was a bit defensive/guarded in his answers to the questions. I have heard him be far more upbeat than this in past interviews. The only bright spot was that he did not envisage huge problems with a no deal Brexit as apparently RR do not operate production on a "just in time" delivery system for parts like the automotive sector. Free cash flow was down on same period last year in his view down to seasonal fluctuation in inventory vs sales. Markets obviously down overall anyway, but no evidence of a positive reaction to the results thus far.

I do not think it is overtly negative just more realistic. I cannot see an uptick in civil aviation activity in the current economic climate and this will affect RR profoundly going forward. However, my holding is at an average in the low 700's so I will not be panic selling just yet.

Things are not improving on the Boeing front anytime soon, strikes in the airline sector, low £ hits tourism from UK, Trump still in trade war mode, Boris the Spider takes us out of the EU with no deal on 31st Oct............. could be low 700's or worse

Same message from Ian Cowie in his SundayTimes column. He is holding for an uptick in USA and global (non UK) sales and believes in the company long term. No speculation about takeovers, just confidence in the management and strategy.

Comfortable hold on these numbers. Not as bad as expected and bright spots suggesting future earnings growth in Oncology and Vaccines.

The recent decline in shorting is the best indication that things may be turning around and we are now back down to levels held between early 2016 and early 2018 and way off the 7.17% spike seen in March of this year. Let us hope that the trend continues.

Re the C shares system, I have often questioned why it is set up in the way it is? As you say probably tax reasons, but if it is so advantageous why is it not adopted more widely? I hold shares in 20+ FTSE companies and RR. is the only one that uses it. One small advantage to the holder is the cost of reinvesting your C shares as ordinary RR. stock as it seems to be at zero cost and no stamp duty (unless I have missed something).