Member Info for Grayling

Not quite, the "Engine Alliance" the company that manufactures the GP270 is a 50/50 joint venture between GE Aviation, a subsidiary of General Electric, and Pratt & Whitney.

On 30 September 2017, an engine alliance GP7270 powered Airbus A380, registration F-HPJE, during flight, suffered an uncontained engine failure where the entire fan module (blades and disc) separated from the engine.

Nothing sinister and certainly no bad (or particularly good) news. From July 2015 to July 2016 NG. rose from about £8.50 up to just shy of £11 on no particularly good news. Since then It has been cycling around the £10 mark. Chill out and collect the dividends this is not a share to trade, just hold long term. That is why this board is so quiet. Rule of thumb the quieter the board the better you will sleep.

Rolls-Royce Corp., Indianapolis, Indiana, is being awarded a $115,083,696 firm-fixed-price contract for the procurement of production and spare AE1107C engines in support of the V-22 Osprey. Order comprises 36 production engines for the Marine Corps,16 production engines and 4 spare engines for the government of Japan. Work will be performed in Indianapolis, Indiana, and is expected to be completed in November 2018.

Rolls Royce chairman predicts: Chinese-made jet engines coming soon. The world's second-largest economy will likely start manufacturing engines for wide-body "jumbo" jets soon, according to RR chairman Ian Davis speaking at at the Singapore Summit over the weekend. "It makes sense for industrialized countries to start developing their own engines and we assume at some stage in the future that the Chinese will enter this highly competitive, but rapidly expanding market."

The company is doing well at present then ,is that why the sp is where it is ? Entirely subjective question. If you bought at or near £6 which was a ridiculously high price then yes your perception is that the company has performed badly. If you bought nearer £4 then all is well and the company is merely finding its rightful price in the market. Darling RR was almost £13 three years ago and dropped to just over a fiver 12 months later. Now it is seems to have stabilized around £9. The truth, as is usually the case, lies somewhere in the middle of the two extremes. Was RR "performing well" at £13 a pop obviously not. It took the shock of a near 60% drop to wake up the complacent lazy buggers running the company and turn things around. Events, dear boy, events.

Motoring now!

In about 5 years, when we leave the EU LOL!

The first thing that Gardiner the new CEO should do is change the f*****g name! DRAX sounds like a planet destroying villain from Dr Who and sends out quite the wrong signals in these days of gradual conversion to more eco-friendly forms of energy generation. Use the name Haven, which is their commercial power selling subsidiary.

Question: Why if being a member of the EU constitutes such a major barrier to the ability of the United Kingdom to trade with non EU nations does Germany, an EU country and member of the Eurozone sell three times more goods to both China and India than we do?

Unfortunately, the Typhoon deal has very little at all in it for RR. The engines are made by EuroJet Turbo GmbH and RR is only a 25% partner in that venture. The majority of the cash goes to BAE systems and that is why their share price jumped on the announcement but RR stayed flat. The "totalcare" package as I understand it only covers civilian airframes and not military jets which tend to be maintained by the respective air forces operating the Typhoon.

At last a vitriol free post with a balanced view of the business! See also this piece from Moneyweek for similar: "It's been nearly four years since Royal Mail was privatised. Whatever the merits of the decision politically, it?s been a poor investment, unless you were among the many small investors who "flipped" your shares early in the process. If you'd invested at the peak in early 2014, when the share price stood at more than 600p, you would have ended up losing nearly 40% of your money. The price has fallen to 376p, below the price at which it first listed. It recently suffered the shame of being demoted from the FTSE 100, which may force several funds to sell their holdings in it. There are plenty of reasons for investors to be concerned. A dispute over changes to the pension scheme mean there is a strong chance that the company will face industrial action, which would hit revenues and reliability. In the longer term, it faces competition from Amazon, which has shifted from being a major customer to a competitor, investing large sums of money in its own distribution network. And in the longer run, drone delivery and 3D printing could make the whole idea of human beings delivering parcels an anachronism. However, the fact remains that the company is making substantial strides in dealing with these changes. It has worked hard to cut delivery deals with retailers, including signing agreements with Marks & Spencer, and John Lewis. These contracts have enabled it to benefit from the rise in parcel volumes as retail sales continues to shift away from bricks and mortar towards online commerce. Royal Mail?s GLS subsidiary also helps it to benefit from growth in e-commerce in continental Europe. There are also signs that its recent investment in information technology is helping it to streamline costs, making it more competitive with its rivals. Even if Royal Mail proves unable to turn the core business around, it is sitting on a lot of valuable real estate, much of it in London. It has already sold some of its surplus property to reduce its debt, but it is still trading at a discount of around 10% to the value of its tangible assets. And if you include intangible assets, this widens to 25%. It also looks cheap compared to earnings ? it trades on a price/ earnings ratio of around 9.6. Its ability to generate lots of cash means that even if the worst comes to the worst, it should be able to keep paying the generous dividend of 5.8%. At these levels, the bad news seems priced in. So I?d suggest going long on Royal Mail at 377p."

No I have no position on your stance regarding strike action. In fact having talked to my postman I have some sympathy with the position of the workers regarding the changes that the management have pushed through. I also think that everyone knows there will be a ballot with overwhelming support for industrial action and that this is already priced in. I have a relatively small position bought in the low 400s and will hold for now.

I take no extreme position on this board regarding the stance taken by RMG employees. My advice to them is if you only hold shares in one company and that company is RMG then sell them. This has nothing to do with any opinion I might have on the prospects of RMG as an investment. I would give the same advice to any employee who has no interest in any other stock than that of the company they work for. ANY company can go bust or suffer a prolonged share price depression and holding a balanced portfolio of shares is the only sensible way to spread risk. Remember all those hard working people at RBS, Lloyds etc. who paid into their sharesave schemes year after year thinking their money was a safe as houses..........all gone now.

I suspect that a major barrier to the development of Small Modular Nuclear Reactors will be the need to place them nearer to the point of power delivery and the sheer number of sites that could be involved. Firstly, it is hard enough getting people to accept major nuclear plants in remote location, but can you imaging the outcry from the Nimbys if they want to put one in or near central London or Manchester? Also remote large plants can be made relatively secure from terrorist attack, in supply/disposal of radioactive material and also present less of a hazard to the mass population should an accident occur. This would not be the case for SMR number 45 in Basildon! FInally if Elion Musk is correct then new battery technologies could make renewable energy the way forward. Lets see how he does in his bid to replace the national grid in Southern Australia https://www.theguardian.com/australia-news/2017/jul/07/tesla-to-build-worlds-biggest-lithium-ion-battery-in-south-australia

Phew. logged on to see 3% drop but just went ex div for the interim to be paid Oct 2nd

If you think that Brexit is going to have any positive effects on the UK economy or on the share prices of any individual company then you are seriously deluded.

Down 2.38%. The defence giant's grip on British naval shipbuilding will be put to the test by a new government push to increase competition in the industry. Babcock will be the major beneficiary.

Are you saying that if they were able to develop an engine it would only be able to fly on domestic (internal) Chinese (and perhaps Russian) routes and would not be approved for international flight?

The new 250 seat wide bodied jet under development by Rostec/Comac will use self developed engines in an attempt to break the duopoly currently enjoyed by GE/RR. The barriers to market entry are high, but I would not underestimate the ambition of the Chinese to pursue this project through to completion. When China obtained a secondhand aircraft carrier hull (stripped of all military hardware and its propulsion systems) from Ukraine in 2007 many observers stated that it would be 10-15 years before the Chinese gained sufficient knowledge to refit and operate such a complex piece of military hardware. The Liaoning was fully operational by 2012, a second carrier (a copy of that hull) will be commissioned in 2020 and a completely new carrier of Chinese design (with much help from Russia) will be ready by 2023. How much of a threat do RR see from this announcement?