Member Info for Grayling

Nice to see confidence at the very top. Rolls-Royce Holdings PLC on Tuesday reported that Chairman Ian Davis acquired shares worth GBP99,000 in the aerospace and defence company pursuant to a transaction on Tuesday. Davis - chairman since 2013 - acquired 11,922 shares in the FTSE 100-listed firm at a price of 832.5 pence, equivalent to a total consideration of GBP99,251.

British advocates of Brexit have slammed the UK's postal service following reports that it will not produce a stamp marking the country's exit from the EU. Some MPs said they'd push Royal Mail to reverse its decision. ""The Royal Mail has an absolute obligation to recognize a new chapter in the history of this country," said David Jones while Peter Bone MP, said that the Royal Mail was "part of the establishment" displaying a "bias against Brexit." "The Royal Mail should print stamps. It is historic — whether they like it or not," said Iain Liddell-Grainger MP.

RMG shares appear to offer the most robust upside potential among transport stocks, according to JPMorgan Cazenove.The financial services firm said the post office giant’s valuation “continues to discount a sizeable related cash flow headwind” amid ongoing uncertainty related to wages and pensions.". However, recent progress toward resolution bodes well along with the accelerating parcel growth, solid GPS profit reflected in first half results,” “Ahead of 2018, RMG shares appear to offer the most robust upside potential followed by still meaningful circa 10% upside from the likes of DSV and ‘core’ postal yields plays, BPOST and PNL.” Target price 500p

But the good news is! "Royal Mail Group won the Legal Department of the Year (Commerce and Industry) award 2017 having implemented a strategy to transform the team from an advisory function into an agile and efficient partner to the wider business. LOL

Four courier drivers at Royal Mail have filed a legal action against the company over employment rights, the law firm representing the workers said on Tuesday. The claims, launched in the Employment Tribunal by GMB union, alleges a “failure by Royal Mail to pay the Parcelforce drivers the national minimum wage and holiday pay,” law firm Leigh Day said in an email. “We are aware that a case has been filed. We do not comment on ongoing legal cases,” a Royal Mail spokesman said.

Rolls-Royce has created a data unit, named R2 Data Labs, that uses analytics, artificial intelligence and machine learning to improve efficiency across its civil and defense aerospace, marine, nuclear and power systems businesses. Chief digital officer Neil Crockett said the model would deliver a “step change” in the capability of the British company’s data services and would enable it to work more closely with its customers.

You are right they have been dealing with the problem. I think in this instance all would have been well if RR had had replacement engine to hand, but for whatever reason they were not available. Financial impact likely small as you say, but never nice to see this make the press in terms of damage to RR's reputation. In the meantime Air New Zealand has leased two aircraft to help maintain its summer timetable during the unscheduled maintenance of the Trent 1000's on its 787-9 fleet.

Interesting piece with a range of views on the investment prospect for RMG. http://www.iii.co.uk/node/466831

Just read the RNS in full and it seems to be a fair and a balanced set of positions around which a settlement may be possible. Look at it this way, it could be far far worse....just imagine what it would be like if David Davis were involved :-)

Air New Zealand grounds Boeing 787-9's after problems detected in RR Trent 1000 engines. Seems to be related to component wear and requires unexpected maintenance. RR have no spare engines so changes to scheduling required. New Zealand’s Transport Accident Investigation Commission is investigating two “engine abnormality” incidents involving Air NZ 787-9s that occurred on 5 and 6 December. Both incidents involved the engines during climb on takeoff from Auckland, forcing them to turn back. The 5 December incident saw one of the engines shut down, while the second incident saw the crew reduced thrust on the suspect engine before returning to Auckland.

Numnut. You were quite right to sell as holding shares in a single company is lunacy. Over the longer term, I think holders may do well out of RMG as an income/modest growth stock. I also agree that the settlement (if there is one ) need not be to the detriment of either party (or shareholders) provided that the deal carefully considered and was brokered in good faith by both sides.

Rolls-Royce and French airline Aircalin have signed contracts for Trent 7000 engines to power two Airbus A330neo aircraft, supported by Rolls-Royce�s flagship engine service, TotalCare�. This order marks the first time that Aircalin has selected Rolls-Royce engines. Lets hope it is the first of many.

DUP pull plug on border deal and sterling falls this am while RR rises. Another positive driver for the RR share price is the new US tax deal. This will strengthen the USD against sterling and thus favour mainly FTSE 100 companies with significant USD earnings, which of course includes RR.

SP started to slide on Nov 6th just as Sterling started to rise against the USD and has continued to so so. RR has slid back steadily over this same period. Pretty much the same for AZN, GSK and all other major USD earners.

Having come to this stock through a holding in FLG ,which had been a very nice steady earner I was less than impressed with AV over the first year or so. Glad to see it perking up a bit now, lets hope this continues.

I would rather hold baccy shares than this sorry mess.

Hope you are right!

Surely someone must know something here as this has been creeping up steadily over the past week or so? I cannot believe it was that oversold give the threat of strike action hanging over the company.

As an audience member at the Glasgow Apollo was heard to remark as Bernie Winters attempted to join his brother Mike on stage "Christ No! there's two of the buggers".

Ironic as Mr Grayling, being an arch Brexiteer is one of Arse17's biggest heroes! :-)