Https://finance.yahoo.com/news/makes-rolls-royce-holdings-plc-160006150.html
SRYCEY from Sequoia Fund...
1. Rolls delivers more than 1 out of 2 engines entering service on new widebody aircraft & 2 out of 3 three powering large cabin business jets. The engines that Rolls is currently putting into service will drive a significant and sustained increase in revenues & profits for many years. To put some numbers to it, we believe Rolls' Civil Aerospace segment, can grow revenues at a sustained double-digit rate.
2. the working capital efficiencies that Erginbilgis and his team are working to unlock, the company generate free cash flow over the next four years amounting to upwards of half its current market capitalization.
3. Tufan Erginbilgiç, and his team have begun to establish a harder-charging, more commercially focused, and performance-oriented culture at Rolls.
Organizations do not change overnight, but Erginbilgiç is not a terribly patient individual. We welcome his arrival.
Sequoia Fund, Inc. - December 31, 2023
Top Ten Holdings*
Intercontinental Exchange, Inc.
Constellation Software, Inc.
Charles Schwab Corp.
Alphabet, Inc.
UnitedHealth Group, Inc.
I Inivareal Mein Arnin
7.00%
6.40%
6.30%
6.30%
6.10%
Sequoia Fund, Inc. - December 31, 2023
Top Ten Holdings*
Intercontinental Exchange, Inc.
7.00%
Constellation Software, Inc.
6.40%
Charles Schwab Corp.
6.30%
Alphabet, Inc.
6.30%
UnitedHealth Group, Inc.
6.10%
Universal Music Group
5.90%
Rolls Royce Holdings
5.80%
Liberty Media Corp. - Formula One
5.40%
SAP
5.00%
Eurofins Scientific SE
5.00