Member Info for jarnold231

PoliticsJOE interview with Darren Jones MP, Chair of the House of Commons Business, Energy and Industrial Strategy Committee. Segment from 10:18 to 11:23 min talking about RR SMR, nothing not already known, but it doesn't give you much hope that the government is going to pull out its wallet any time soon and he highlights the risk that RR will have a march stolen on it by the Americans.

https://www.youtube.com/watch?v=hSbOuUJ-t60&t=1360s

According to reports, the company is set to receive the first wide-body aircraft and launch its first international flight in early 2025. The national carrier is yet to announce its aircraft orders, but the new CEO noted that the order will be "substantial and will reflect Riyadh Air's ambitions."

There was a mooted order for 20 A350 for this airline.

https://www.khaleejtimes.com/business/aviation/new-national-saudi-airline-riyadh-airs-first-international-flight-set-for-early-2025-say-reports

@fordm = "So if you are anti-Zelensky you MUST be pro Putin? How does that logic even work?"

Its a zero-sum conflict. If you oppose one side you are pro the other. Thats how it works.

@Sully - what my opposition (I'm assuming you mean what Putin wants)

Yes, done that. Its an illegal war. It wont end until Putin is either dies/killed/deposed/decides its no longer in his interests to continue persecuting the war. Therefore the only thing we can do is encourage him to decide its no longer in his interests. The only way to do that without starting a nuclear war is to arm Ukraine.

The really interesting thing is that you think Ukraine's version of Michael MacIntyre is some sort of megalomanical genocidal dictator.

I'm interested as to why you're so keen on pumping Russian propaganda

Just curious - you're all presumably invested in RR. RR makes weapons. Weapons manufacturers make more money when there is a war on (or the risk of more war, or the risk of heightened tensions). So it would follow that war = good for RR. So regardless of your (frankly immature) views on Zelensky, you probably should be happy (in a financial sense) that there is a war.

And just for the record, this type of thing is my job, and I'm pretty convinced of the merits of continued Western support for Ukraine, and if you take a global view there aren't exactly many countries lining up in support of Russia, even if they aren't exactly pro-Ukrainian either.

Spare a thought for Kintbury Capital. Today must be painful.

My speculative take profits at 125 got taken out hahaha

Sounds like that currency hedge hit hard.

Just a slightly contrarian position - of little impact, but obviously the ban on western/some Asian airlines from using Russian airspace means an increase in flying times for some long range aircraft. So you know - every cloud and that..

Believe the deal was originally mooted for 40 x A350 - but it was for a new airline being called RIA funded by the Saudi public investment fund. Project had hired a former Etihad director, but he's apparently no longer involved (see link) suggesting the project may be in difficulty, although the article says its due to be announced in the next few months. Wouldn't expect any announcements soon. [Also note, never heard of the website, so might be a pile of excrement]

https://www.paddleyourownkanoo.com/2023/01/24/saudia-arabias-new-multi-billion-dollar-airline-hit-by-departure-of-key-executive-just-months-before-launch/

Thanks for sharing that - interesting and enjoyable listen.

@Eusebius - you think that likely? My thinking is that the current price levels are likely to be supported in the run up to full year results at least, then they could drop depending on the content.

To make £500 off a 5p movement in the price you'd need 50,000 shares worth £43,000. I can't imagine you're throwing that much money around if you don't have at least a £60k a year job unless you're either: a) retired, b) a drug dealer or c) stupid.

Yeah got some spare, but need £200m for it. And a seat in the HoL.

"PPE Medpro shares an office at 85 Great Portland Street with 12,804 other companies."

Hah. I set a company up there.

well the resident cup and handle chart monkey appears to have gone quiet, but even if you do put any store in such alchemy - the recent uptrend does appear to have broken.

Given each of these uses 2 × Rolls-Royce AE 1107F turboshaft and it just got announced that the Bell model has won the competition over the Sikorsky, I'm a little surprised the SP isn't doing better today:

"Its win sets the table for an initial acquisition worth up to $1.3 billion. According to the Army’s program executive officer for aviation, Major General Rob Barrie, a follow-on low-rate production phase could be worth roughly $7 billion and a fully-realized production run including potential foreign military sales may come to somewhere in the neighborhood of $70 billion."

https://www.forbes.com/sites/erictegler/2022/12/06/bells-v-280-valor-just-won-the-most-important-army-helicopter-competition-in-40-years/?sh=1fe484444fcc

Shares in issue 8,367,596,989 (RR website) x 1.27% (shares short according to LSE) = 106 m

All of this could be wrong, but this is my back of the *** packet calculation

Currently between Kinbury and Naya there is 1.27% short (so something like 106,268,482 shares that will need to be rebought at some point), so when those begin to close there will be some upward pressure on the price, although clearly they'll buy them back as cheaply as they can.