RE: Back in January18 Feb 2024 00:08
CTT agree
I think Turbo Tufan 4-bagger may be heading towards 12.
1) Good flying hours over the last quarter : (See response under 5)
2) Dividend announcement – Yes confirmed on the Market day actual date TBC.
3) An order for SMR from the government - Is imminent government has already allocated massive funds to list a few government Contributions:
• £56 million: In 2018, the government committed this amount towards the development and licensing of advanced modular reactor designs, potentially including RR's SMR.
• £32 million: In 2018, this amount was dedicated to advanced manufacturing research, which could benefit RR's SMR project.
• £210 million: This was announced in November 2021 specifically for Phase 2 of the Low-Cost Nuclear project, directly supporting RR's SMR design and regulatory processes.
Total Direct Government Funding: £298 million.
Private Sector Contributions:
• More than £250 million was announced to match the government's £210 million grant for Phase 2 from RR and its consortium partners.
• RR invested undisclosed in developing the SMR before government funding arrived.
Total Estimated Expenditure:
Combining government and private sector contributions, the estimated expenditure on RR's SMR projects could be between £548 million and £800 million, depending on the undisclosed amount RR invested before government involvement.
Points to Remember:
• The Rolls-Royce SMR project is currently facing financial challenges and seeking further funding.
• While the government has committed significant resources, it's not the sole financial backer.
• The total expenditure figures are estimates and may change as the project evolves.
4) An SMR order from a foreign country
• Poland: Interested in potentially deploying SMRs to diversify their energy mix and reduce reliance on coal.
• Czech Republic: Signed a memorandum of understanding in 2021 to explore deploying SMRs.
• Romania: Discussed potential collaboration with Rolls-Royce on SMRs in 2019.
• Hungary: Considered SMRs as an option for new nuclear capacity in 2020.
• Estonia: Explored SMRs with Rolls-Royce in 2019.
• Canada: Launched a national action plan for SMRs in 2020 and has ongoing discussions with various developers.
• United States: Has shown interest in SMRs and is supporting several domestic projects, including Rolls-Royce's.
Sweden, Finland, and the Netherlands and Rolls-Royce SMRs
Sweden and Finland:
• Significant interest: Both countries are actively exploring SMRs as a potential option for clean energy generation.
• Collaboration: Fortum, a Finnish energy company, has signed memorandums of understanding with Rolls-Royce SMR and Kärnfull Next, a Swedish company developing SMR projects, to explore SMR deployment in both countries.
• Feasibility studies: Fortum is currently conducting a two-year feasibility study on building new nuclear capacity, including SMRs, in Finland and Sweden