Member Info for jedclampit

I think you are correct but I have my trading account in joint name ie wife/ husband or husband /wife, in which case you get double allowance before yo have to pay tax.

Thanks Joe for the info , I will look into it.

I wonder what has / is going on today with this, maybe there will be some Broker up-dates after seeing / hearing all the plans etc. Must be better news !!!!!!

Over the last few weeks I have been looking into travel insurance again for the over 60's which is unfortunately where I am now with many others.
Even on the news and tv spots they are giving some ideas of what the travel insurance was for many over 60's with some health problems. Some were about £250 but now for the same thing about £1200 about 7 times as much. Now many of these older people are just the people that book with Saga and if Saga are playing the same trick I guess many will not even bother about holidays let alone booking and taking Saga insurance, not that could have a very big knock on impact on the total business . any thoughts.?

Wish I could get 750,000 free shares for surporting the company.

I notice on the AGM that they have agreed to Authority to purchase own shares, now this is normal for many companies to have this already agreed so just incase they want buy back shares they have it already agreed, but is this new and do they now intend to buy back shares or is this just a re-newall ?.

It's all just fundamentals showing it could go back up to £1.20+ very soon.

Well it's about time we up but when you consider the state of the market being down almost 150 points most of the day it's a good turn round.
Just think what it could be on a more positive day.

I think the SP is holding up very well so far when you think the market was down about 150 points at one ponit today, and when you think just how much the market in the UK and US has fallen over the last month or so Its all coming round to the fundamentals.
The city is marking everything down it's the way it works, but companies like ITV are proving it's more about good fundamentals and as soon as the markets correct themselves companies like ITV will be the big winners. Just sit tight for a while.

I think the SP is holding up very well so far when you think the market was down about 150 points at one ponit today, and when you think just how much the market in the uk and US has fallen over the last month or so Its all coming round to the fundamentals.
The city is marking everything down it's the way it works, but companies like RR are proving it's more about good fundamentals and as soon as the markets correct themselves companies like RR will be the big winners. Just sit tight for a while.

Our New Markets businesses, Rolls-Royce Electrical and Rolls-Royce SMR, continue to make good progress supported by Rolls-Royce and third-party investment. We have commenced the multi-year UK Generic Design Assessment process for our SMR design and we are encouraged by the recent commitment to nuclear energy by the UK Government. In Rolls-Royce Electrical, alongside the aircraft manufacturer Tecnam and engine manufacturer Rotax, we have completed the successful flight-testing of a hybrid-electric demonstrator aircraft powered by a parallel-hybrid propulsion system.



We are progressing well with our programme of disposals and are confident in achieving the commitment to generate around £2bn in total proceeds once the sale of ITP Aero completes, which is expected to be in the first half of this year, subject to regulatory approvals. The proceeds from the programme of disposals will be used to repay debt.



Civil Aerospace medium term outlook and site visit

We are hosting a site visit at our Civil Aerospace facilities in Derby tomorrow, 13 May. The event will include tours of our facilities and a presentation with Q&A. We will set out our key Civil Aerospace value drivers, highlight the operational side of our business and provide a deeper understanding of how the changes we have implemented are making it a better quality, more resilient, and more agile business which is set up to increase returns and deliver long-term sustainable growth.



The presentation will include our view of the medium-term financial outlook for Civil Aerospace based on the actions we have taken to improve cost efficiency and productivity, combined with the current assumed recovery in demand, which is subject to risks and uncertainties based on prevailing market and macroeconomic conditions. In the medium term, we expect Civil Aerospace underlying revenue to grow at a low double-digit percentage compound average growth rate from 2021 with an operating margin percentage in the high single digits, and with trading cashflow comfortably exceeding operating profit.



Due to physical capacity constraints, the event is by invitation only but there will also be a webcast starting at 10am UK time on 13 May and lasting for approximately two hours. The webcast details and presentation materials will be shared on our website www.rolls-royce.com/investors and a replay will be made available after the event.

Trading update and outlook

Financial performance year-to-date has been in line with expectation and our financial guidance for 2022 is unchanged. We are well positioned for the anticipated growth in our end markets and continue to expect positive momentum in our financial performance in 2022 despite the ongoing risks around macroeconomic uncertainties. We are working closely with our global supply chain to limit the impact of disruption and will continue to adapt our plans as the global situation evolves. Our long-term sourcing agreements and hedging policies designed to limit volatility in raw material inflation, give some near-term protection and we have increased inventory levels to help mitigate the impact. We are working with our suppliers to monitor and manage these risks and challenges.



In Civil Aerospace, large engine long term service agreement (LTSA) flying hours for the first four months of 2022 were 42% higher than the prior year period. Passenger demand is recovering on routes where travel restrictions have been lifted, such as in Europe and the Americas, but additional COVID-19 restrictions have resulted in fewer flights in China where the situation is still evolving. Flying hours in Business Aviation have remained strong. Shop visits and original equipment (OE) deliveries of installed and spare engines are expected to accelerate during the course of the year. We are continuing to capitalise on new opportunities. For instance, Qantas recently committed to a deal for 12 Airbus A350-1000s for its long-haul Project Sunrise initiative, powered by our Trent XWB-97 engines. Rolls-Royce and Qantas have also committed to sign a TotalCare® service agreement for the Trent XWB-97 engines that will power the 12 aircraft.



In Defence, the products and services we provide are delivered and maintained over decades of service to our large number of customers and as such they are not immediately exposed to individual geopolitical events. Our strong order backlog gives us confidence on revenue, profit and cash conversion against the headwinds of inflation and supply chain risk. As guided previously, our operating margin is expected to be lower in 2022 compared with 2021, reflecting original equipment and aftermarket mix changes and the planned increase in investment in Defence to support new programme wins. Governments are increasing their long-term budget allocations towards defence activities, underpinning the long-term growth outlook we hold for Defence.



In Power Systems, the first four months of order intake has been very strong across the entire business and particularly in both power generation and defence end markets. We are working to limit the impact of supply chain disruption, in part through holding increased inventory, which as previously guided will impact cash conversion this year. Interest in sustainable solutions is increasing: the first engines for power generation, construction and industrial applications h

You guys make us laugh if that's the only line you can come up with on a very good up-date.

Tom ,Well done that man.
This must be the first none negative post you have made about ITV in what about a year. keep it up.

Yes clearly has NO idea of RR business or value, his remarks are going to look very very silly in by the end of this week.

£1.50

So Credit Suisse cuts ITV price target to 116 (136) pence - 'outperform'
Well that's still about 60% increase in current price and be happy with that for a few weeks before moving higher.

Looks great to me with very strong growth of +18% and +23% on the main sectors. theres no way this SP should be where it is and maybe now it will start to move.

Yes I have tried that and then stabbed myself in the gum in shock when I realised I should have bought more 10 mins ago.

So the market could have just changed and we look like having a much better day, back to 82p+ today.

Good morning Tom, so now we are getting to the truth, you say you worked for ITV so were you sacked because you were no good at your job and that's why you want to try and get your own back by being so negative about the BOD's all the time.
Look move on you might be good at something else less demanding, no one really cares and we should all do what we are good at for our own needs.
Perhaps we should push for Carolyn to get a big pay rise after giving us all a Divi. Well done Carolyn.