I believe so yes regarding T1000
XWB is a different issue regarding Sand ingestion effecting cycles RR had a similar issue with the Tornado engines operating in desert areas and had to incorporate a design change then that sorted the problem but I'm not up to speed on the fix for the XWB
HP Turbine blades are manufactured in house the problem has been rectified and the blade facilities in Derby are working flat out 24/7 to meet demands, Delivery and maintenance is the defining thing here!
The engine needs firstly to be removed from the aircraft taken to an MRO Base and stripped almost completely (Module Wise) then a full strip to the module housing said blades "Every time a new set"
This in addition to the operators timescales creates the problem!
If that helps understanding of the problem
Great Post cleared that up in my mind after I was reminded of the 5 Yr plan but what effect will it have in the companies thinking as will it water down the shares further and to what extent that's the only reason I posted thanks again
An indication on where the companies at order book and profit wise maybe!
And voting on the ability to reinstate Divis and Share buy backs will be held (This doesn't mean either will happen) but can both be done at a later date
Lots of other things future projects etc the minutes should be published afterwards I think
Just my take on things DYOR etc
The 2022 scheme matures its a 3yr plan and the shares are available end of Feb 2025 requiring action in 90 days action being take the cash out or have the shares the price was about £1.04 when the scheme commenced so very few will take the cash
Our energy infrastructure imo should be British and British alone like any other vital infrastructure as long as we have the technology looking at the Train situation in Derby that the Govt were double sixed on why would they risk it again but apart from being incredibly inept I suppose it's where the backhanders are!
In Feb 2025 the employee bonus scheme matures I'd say 90% of RR blue collar employees will receive 4099 shares (No exact figures available). With an influx of further shares on the market will this firstly effect a dividend payout decision at the AGM or indeed a Buyback decision being made in February?
Generally a lot of employees will sell their shares quite quickly as to them its a savings scheme for the nice things in life!
And Finally Nettles will it have an effect positively or negatively on your £7 prediction?
The City mood seems to be cautiously optimistic, with the Footise edging steadily higher now, with 12 points added this morning.
Of the top 20 largest companies in the index, six are in the red, led by BAE Systems and Rio Tinto.
There is little macroeconomic data for traders to chew over today, but later in the week US inflation numbers should "light up the skies for markets", according to Deutsche Bank's Jim Reid.
Tomorrow also brings UK unemployment data.
I think the most important part is who's buying or selling the UT figure daily has been lower than previous weeks in the last few days also the Americans helped yesterday it could all amount to the perfect storm today! Hopefully
Not really but a good indicator of where RR is at and the votes will take place on instigation of Divis and Buyback are on the agenda this doesn't mean they will action either at this time but will put the ability in place to do so when they choose!
Just my opinion though
I tend to agree with you I hope Nettles is right as I love his optimism and he's a cat with character!
For me the daily and weekly swing in this SP is making the day traders a lot of money and I feel its being held artificially.
Large engine orders and the numerous other good news is having only a limited effect although geopolitical stuff is not killing it either, for me all this just adds up to when we have a profit update or a huge upward swing with the SMR announcement and/or dividends?
As I always say I'm a complete amateur and this is just my opinion any one else's opinion I'm always glad to hear!
Have a nice evening and good trading to you all
Four large trades yesterday one of which coincided with an RNS statement regarding Bank of America at about 16.30. Am I right in deducing that the shares can have different voting rights at about a 5% premium and that a certain threshold has to be met,and agreement has to be given by RR to purchase/dispose of said shares? Obviously I can't tell which way the trade I mention went. Also when a swap is mentioned could BOA be swapping its own shares for a stake in RR or vice versa?
Apologies in advance if I'm barking up the wrong tree but I'm struggling to make sense of it all