Member Info for norrab1

Mick, there is no "big" director buy. ??

Thu, 9th Apr 2020 17:31Alliance News
(Alliance News) - Moody's Investor
Service on Thursday downgraded FTSE 100-listed jet engine maker Rolls-Royce Holding PLC's long-term senior unsecured rating to Baa3 from Baa2.

The credit ratings agency also cut Rolls-Royce's outlook to Negative from Stable.

Moody's said the action reflects its expectation of a "sustained period" of weaker demand for new commercial aircraft compared to recent years and previous forecasts.

The agency is also expecting "severe disruption" due to the coronavirus outbreak in 2020 due to reduced flying hours and commercial engine production

Moody's has also downgraded the rating on the company's senior unsecured euro medium term notes programme to (P)Baa3 from (P)Baa2, and downgraded the notes issued under the EMTN programme to Baa3 from Baa2.

"The aerospace and defense industry will be affected by the deep capacity cuts and financial stress for passenger airlines, leading to very significant reductions in aftermarket activity and widespread deferrals of new commercial aircraft deliveries in 2020. Airlines' damaged balance sheets are likely to soften demand for new aircraft from 2021 onwards," Moody's said.

Rolls-Royce has been most immediately affected by the coronavirus outbreak from aircraft groundings and lower flying hours, which reduce aftermarket revenues.

The International Air Transport Association predicts a 38% fall in passenger traffic in 2020 which will drive reduced flying hours in the year.

In 2019, GBP3.9 billion of the company's civil aerospace services' cash receipts were driven by flight hours of its installed engines

Oh Ars, can you stop banging on about your wife being in "senior management " no one is impressed. Whilst most entrepreneurs are not engineers, the vast majority of engineers are definitely not entrepreneurs! Develop some macro vision.

Explain why my partner queued for 90 mins this afternoon along with hundreds of other shoppers, incidentally she spent £150. The lockdown boosts profits!

The inevitable extended lockdown gives a further boost.

Thanks!

"You can't understate the disaster that's unfolding right now in the world's airline industry. There's no sugar coating it," said Richard Aboulafia, aviation analyst at Teal Group.

Clueless: when do you expect clarification of who qualifies for the Special divi?

I assure you Ars, that your claims are seriously misguided, try living in the present instead of the past, society is changing on many fronts, those that adapt will succeed. You need to take a holistic view. Be more of a visionary instead of a historian.

Well the traders have had a happy 2 days making circa 25-35%. This and Barc were certs for trading with the patriotic irrationality at play.
Prepare for more opportunities the next few months. Long Term no chance.

Regardless of the dividend, the future looks strong, people's habits and behaviour changing which is a boon for food and alcohol retailers.

Good question Grayling, and quite a dilemma for many investors. Personally I am sticking with the defensive stocks and Supermarkets.

Indeed I think low teens is a possibility.

Think all the major four are great buys.

Absolutely no doubt.

Ars, you stated the same sentence last week when I predicted sub three pounds. My facts are based on pure economics without any emotional attachment to the stock. Focus on the fundamentals not the shiny badge!

I think dilution is inevitable, it's likely to be the greater outcome than liquidation.

I think it's foolish and naive for investors to compare the present crisis to the events of Sept 2001 and 2008/09. This is far more economically and socially different.

Still a way to go down yet 02
Don't be hasty,

SB, I realise you were not being flippant and you make valid points. We may not be affected as some businesses's by the Covid19 virus, however we are none the less effected. There has been a global downturn in domains, not massive, but it's there, especially on new registrations. I agree the mixed message conveyed by mmx is ill thought but then again we don't know all the personal circumstances of staff and management at this uncertain time. Atb