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Many company pension funds have been transferring these assets and liabilities to firms like LGEN to simplify their accounts and relieve them of a function.
It is likely that given recent events this flow will increase, providing more business to providers such as LGEN.
I sold out at the last results at breakeven as they seemed to have lost the equivalent of the ITP funds through bad fx practices. Cable is still dropping, can only assume it will affect them again next results.
I like their products and vision, it is just such a large industrial body, that it seems to be difficult for them to translate this into profits.
Lets say the SMRs operate on 20% profit margin, (that's higher than the current 17% on other items) = 6.4B (in 7-8 years to be generous).
What does RR own currently of the consortium - is it 70%, lets assume more dilution to fund the infrastructure to 50%. Thus in 8 years maybe 3.2B profit - a mere twice what they lost on currency hedging over the last year.
Loving the investor presentation, Pathos keeps saying one of his objectives is "simplify reporting" - does that mean cover up losses for as long as possible, they have known about this fx issue for a while and it is going to impact until 2026 as they screwed up compared to their piers. Infuriating.
Advfn donāt actually know if they are buys or sells - they are guessing.
Where the 'Price' is closest to the 'Offer' price, the trade is considered a 'Buy'. Where it is closest to the 'Bid' price, the trade is considered to be a 'Sell'. Where it is dead centre between 'Bid' and 'Offer', it appears in the '?' column; this indicates that the trade cannot be identified as either a 'Buy' or a 'Sell'.
Phyl - reasonable synopsis - but they (only!) have Ā£5.1bn debt as per the annual report. (It might have changed since then, hopefully reduced!)
https://www.rolls-royce.com/media/press-releases/2022/24-02-2022-rr-holdings-plc-2021-full-year-results.aspx
I read it as Govt approval either tomorrow or Aug 2nd - not transaction complete, but it's getting closer.
No worries, and I flew from Gatwick - no queues either way.
Slightly annoyed the engine on the way out was GE - but coming back it was RR!
yes - you do that in the app as well
CHaigh1 - I just flew BA to the states, is your daughter over 18, if so she needs to load the Verifly app and follow the instructions there for vaccine proof. I did that and no questions asked during transit.
Mike - what are the "big boys" doing?
It's from June last year!
https://www.lse.co.uk/news/RR./cinven-bain-said-to-be-battling-it-out-for-rolls-royce-s-itp-aero-2czxtjk4hp4ecc7.html
Under the previously announced AUKUS deal, which allows the sharing of nuclear technology to build the new Australian submarine fleet - there is a significant potential spin off which is not yet recognised.
According to RR - the AUKUS security agreement between Australia, the United Kingdom and the US paves the way for Australia to embrace small modular nuclear reactors aside from nuclear-powered submarine engines.
Watch this space.
Conv, this was announced just before RR won the B52 contract last year. Maybe it will help for future US work not necessarily.
"we are at pre pandemic levels now log into plane finder"
Wrong 82% of 2019 traffic currently, a big recovery from last year, but not 100%
Thanks Calder - so in black and white, from today from the horses mouth - debt after leases Ā£3.4B. Ignore the idiots on this site who gather info from unreliable sources!
Assuming you dont read annual reports when investing then, if you believe they have that amount of debt.
It's Ā£4.6B - soon to be reduced to Ā£3B when ITP goes through, increased profits expected, reduced costs massively - please explain your cash call thinking? Oh wait... don't bother.
AJB - I'm not sure if you realise, it is a Civil Aviation Investor Day. The content of the day is Civil Aviation.
Rolls Royce SMRs and reduction of debt are good and exciting things, but they will happen to their own timebeat, and we know the completion of ITP sale is immanent.
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Civil Aerospace Investor Day - 13 May 2022
On 13 May, we are hosting a visit for financial analysts and investors to our Civil Aerospace facilities in Derby. 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 medium-term financial guidance for Civil Aerospace based on our cost efficiency and productivity improvements combined with the assumed recovery in demand. The medium-term financial guidance for Civil Aerospace will also be included in our AGM trading update which will be published at 7am on 12 May, the day before the Civil Aerospace investor day.
The event in Derby will include tours of our facilities and a presentation with Q&A. 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. 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.
Last time I checked, Fidelity held RR in their tech fund
BP to spend Ā£18b on UK renewables Wonder what they will be buying?