Member Info for SPC32

It always drops.

H1 2022 is the timescale, still a while to go if it is going to be closer to the deadline.

The takeover rumour was started deliberately in order to take the focus away from Warren Easts obscene earnings which were reported just before the rumour surfaced.

Debt, credit rating, covid, flying hours, Ukraine situation are just some of the reasons it’s at £1.00.

4m buy @ 110.46p

Possibly but it never rises at the same rate at which it fell.

The sale has already been agreed and announced, just being finalised.

The downsides though which need to be listed for balance are…
Covid concerns / risk
Debt / Debt servicing
CEO?
Raw materials cost
Loss of circa 9000 experienced employees
Contracts which RR sells at a loss
No significant mid size engine in that market

No but it depends on the circumstances, usually there’s a premium to be paid for the shares for takeovers to go through.

I don’t think it’s a takeover in this case, possibly a merger or huge strategic deal.

Completely different structure of shares and debt now than pre-covid.

Too much money, shares paid to underachieving leadership for starters, when was the last time a CEO made a positive significant impact which justified their obscene remuneration package? There is little motivation for a CEO to do well as they will be paid massively regardless. Personal pride and career prospects could possibly be motivation but depending where they are in their career, RR looks to be a nice little pre-retirement easy money job.

RR has also swayed more to the financial side of leadership and away from the traditional engineering leaders, engineering only caused financial issues and financial only caused engineering issues, this tells me it's pretty obvious a balance between the two should have been implemented a long time ago and the company is still dealing with issues as a result of those past failings.

Another issue for RR is the reliance on large civil engines and although Covid could not be foreseen, they should have filled the V2500 gap with another mid-size engine when they sold their share.

£1.13

So far I've seen 70's, 80's, 90's, 100's quoted to be imminent. Are we just guessing now and hoping for the best/worst?

I wish people would check this before posting nonsense, happens far too often.

Well, things can't be that bad.

Outgoing Rolls-Royce chief sees pay package rise close to pre-Covid level
Warren East received £3.95mn last year after annual bonus boosted remuneration.

Warren East, the outgoing chief executive of Rolls-Royce, saw his remuneration rise close to pre-pandemic levels last year after securing an annual bonus of £2.89mn under a new incentive scheme.

East, who announced in February that he would leave the FTSE 100 engineering group at the end of this year, received £3.95mn in 2021, according to its annual report published on Thursday.

This was up significantly from the £1.1mn he received in 2020 at the height of the coronavirus pandemic which sent shockwaves through the global aviation industry. It is also just below the most he ever took home, which was £4.08mn in 2018.

https://www.ft.com/content/d7f520e6-0c0e-4a5c-a833-6abbbd842971

The sale was agreed but has not yet been completed, H1 2022 was quoted by the company for its finalisation.

I’m sure people said that last year.

All that's missing is for Aberdeenman to come on and say he's just topped up and hasn't sold a single share yet. I suppose with all those ten baggers, he will be living it up on a beach somewhere and may not have internet access on the beach or on his private jet.

I don’t think any big players will come in until the debt is reduced considerably.

If we ever do.