Member Info for MJK1

Rucey closed at $10.52 which equates to £8.21 at current exchange rates so hopefully a good bump up.

As reported in the RNS that is emailed the morning after the days they’ve performed the buybacks, they have bought about 0.5% of the £1billion buyback on each of the days since it was announced ie last Thursday, last Friday and yesterday. They have bought £15.9million worth of shares so far so only 1.6% of the £1billion buyback declared. In other words they’ve hardly started which must bode well for the share price.

They have so far bought back 1.1% of the £1billion buy back so barely scratched the surface. Bodes well for the share price!

Sad

Tezlar, you make a very good point, RR results are usually loaded towards the second half. If the 2023 ratio is repeated it would see underlying OP come in at £2.7b which is 18% above the top end of guidance.

IG says we finished 620.8 today, yesterday’s was 620.0 so up 0.8. However it also says down 0.8 and -0.13% so something not consistent there.

£6.59

Risky strategy with what promise to be good results just round the corner I’d say. I’ve done it a few times the last few months and while not selling at the high and buying at the low have managed to add a few 1000 more shares each time. Not risking it now though. There that’s guaranteed you’ll be ok!

NotZero, agree wide body deliveries far more useful but nothing in your original stat indicated the wide body trend was similar to the overall, so my comment still stands.

A pointless statistic for a RR shareholder as the majority of Airbus deliveries are for the A320 series which don’t have RR engines.

The pound is weakening, it’s down to $1.25, the lowest it’s been since May.

“Still I'm not greedy and I'm very happy where the share price is today and that most folk who held on and invested in the share right issue are in the green.”

Everyone who’s held on after investing in the rights issue is in the green. Even if you’d bought at the pre RI peak of £13 odd, you’d average down to £3.25 with the RI, so well in profit now.

It’s old news. It’s the overhaul backlog caused by the supply chain issues which RR have already stated will cost the company between £150 and £200 million this year.

Talk of the devil!!!

Yes, in service damage isn’t covered under Total Care but these engines in question are not damaged they’ve just come to the point in the life cycle where a scheduled overhaul is required. This means all life limited parts require replacement, typically HPT blades will require changing every shop visit.

Sorry ShareFlyer but under the Total Care agreement it is 100% Rolls-Royce responsibility to keep the engines airworthy. RR sets the service intervals based on the life limited parts that have to be replaced at overhaul. I don’t know how the compensation will be calculated but there will be some to pay. I just hope they can get on to of the problem and get these engines overhauled and back in the sky.

Assuming an underlying profit after tax of £2billion, the dividend would be 7.1p per share or a yield of 1.3% on todays share price (30% of underlying profit after tax divided by 8.5 billion shares).

Fordm, have you read today’s Trading Update? How much more concrete would you like it?

“As outlined at our 2024 Half Year results, we are reinstating shareholder distributions in respect of the 2024 Full Year results starting at a 30% pay-out ratio of underlying profit after tax, with an ongoing pay-out ratio of 30-40% each year thereafter.”

SAF can be synthesised from water and CO2 so no crop land required for that, just plenty of electricity. Get the SMR’s going to make SAF and it’s a win win for RR.

“You maybe about to hear of some unfortunate news about the blades in the next few days so try not to be too upset when it hits the SP”. A17, you said this back in June about the T1000 HPT blades but nothing came of it. No in service engine failures reported on the T1000 for months on the Aviation Herald website. Is it more of the supply chain issues meaning they can’t overhaul the engines quick enough?