Member Info for Svend

Captain’s Log

Aye, the SMR tide be risin’ fast, crew. Strap tight to the mast, for this vessel be set to go vertical an’ viral ‘cross the seven seas. Turbo Tufan spoke true—Rolls-Royce be the master shipwright o’ nuclear SMRs. Should they seize but half o’ the 400 hulls forecast, the fleet’ll more than double in size afore the ink dries. Mark me words, there be no other cargo in the market with such thunder in its broadside.

NT2Y,

''I’m looking forward to buying back in when news is in to justify the price or the price adjusts to justify the news!''

Well, don't miss the flight; the departure gates are now closing quickly. Because Rycey is heading to the USA and already has a secure platform and a strong position there through its tie-up with Constelation. Good luck..

Icecool volume picking up and now flying north of 600 again onward & upwards😉🙌777

Nothankst2you

''I’m curious to know what will happen around a potential split of RR and SMR. Will RR holders get early options? Or rather, could?''

What SMR split? Helen has recently confirmed publicly that there is no IPO of the SMR division.

Grindstone – well put. It seems DaveLamp has overlooked that it’s St Leger (without the “D”). More importantly, given we’re entering the final “furlong” of the stock market’s run into year-end, the reference is entirely relevant — especially among traders and brokers who traditionally mark the occasion with clients.

For the record, yes, the bet returned 48% (E/W R/F). It was the first — and likely only — horse wager I’ve made this year; they just happened to catch my eye. Now, back to our focus: Rolls-Royce.

DaveLamp

The correct spelling is St. Leger, though it is pronounced "saint ledger" or "saint luh-jay" depending on the context. This spelling is most famously associated with Colonel Anthony St Leger, founder of the St Leger Stakes, the world's oldest classic horse race.

Now crawl back under your stone before Freddy Flint Stone gets involved 🤡

Hi Radishes,

The "finger in the air" a simple approach based on current momentum above the 50-day line and a 6-month regression channel, RR.L points to ~1,350–1,420p by Jan ’26, with £16 on strong catalysts and £12 as support.

BSA9, I think you are getting lost navigating those old waters. It's an old chart; it was dated December 2023.

Well, 4% between them is really peanuts, while the biggest GLG is reducing its bets from 1,26% by 0.06%, which clearly shows they are vacating. Maybe a short knock to the bottom is imminent.

Part2)

Nvidia’s AI chips have been in rising demand this year from not just traditional Big Tech customers but also national governments. The company said in August that “sovereign” deals were set to generate more than $20bn in revenue in 2025.

Huang met Starmer in June, when the prime minister pledged another £1bn in spending to expand Britain’s AI computing power. At the time, Huang warned that the UK lacked the digital infrastructure needed to give it an edge in the race to build its own local AI industry.

Nvidia and OpenAI declined to comment. The White House did not immediately respond to a request for comment. The UK Department for Science, Innovation & Technology declined to comment.

A US official said Michael Kratsios, Trump’s science adviser, had been pushing to encourage tech partnerships with the UK, but many details were still being finalised.

Trump and Starmer will also announce expanding access to each other’s markets for nuclear technologies during the visit, which could help to open the door to the US market for British manufacturing jewel Rolls-Royce.

The agreements would partly seek to align and streamline regulation for small modular reactors, people briefed on the plans said. 

A Rolls-Royce-led consortium in June secured state backing to build three mini reactors in the UK. Although the company’s current focus is on securing a contract with the government by the end of this year and building reactors in the Czech Republic, chief executive Tufan Erginbilgiç has been increasingly vocal about his ambitions for the business.  

Erginbilgic said in July that the company had “lots of projects to focus on right now” but “at some point we will come to the US”. “That opportunity is there because I really believe, given our skill set and given what we have done so far, we should be market leader in SMR.”

Deals were also set to be announced involving UK energy company Centrica and US nuclear group X-energy, the people said. Both companies declined to comment.

Mandelson and Scottish first minister John Swinney met Trump earlier this week to discuss a deal to exempt Scotch whisky, which is facing a 10 per cent tariff imposed on other UK exports.

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https://www.ft.com/content/786bd800-f7b6-430f-992d-d278cd3d72df

The US and UK are rushing to finalise deals on nuclear reactors, artificial intelligence data centres and whisky ahead of a state visit to London by Donald Trump overshadowed by the firing of British ambassador Lord Peter Mandelson.

California-based OpenAI is set to announce a UK arm to its $500bn Stargate data centre project, as part of a series of tech partnerships and trade agreements to coincide with the US president’s visit next week.

The UK-US tech partnership was described by Mandelson, sacked this week as ambassador to Washington over his ties to Jeffrey Epstein, as his “personal pride and joy”. Prime Minister Sir Keir Starmer’s decision to fire Mandelson risks angering Trump, who has been trying to dismiss his own connections to the late paedophile.

Starmer has been rocked by the fallout of the affair, with Labour MPs questioning his future as party leader. The prime minister’s allies said the state visit was a vital moment as he tries to regain the initiative.

For his part, Starmer hopes to present the US president’s three-day visit as an advertisement for Britain and a sign that his growth strategy is bearing fruit, as well as cementing a partnership to challenge China’s lead in critical technologies.

Energy co-operation, security and steel tariffs will also be on the agenda, but the economic centrepiece will be technology. OpenAI’s Sam Altman and chipmaker Nvidia’s Jensen Huang will join Trump in the US delegation.

They will launch the Stargate UK investment in the town of Blyth, Northumberland, according to people briefed on the plans. UK AI data centre company Nscale will also be involved in the project.

“The UK provides the energy, Nvidia the chips and OpenAI the intellectual property. The UK gets sovereign AI,” said one person involved in the project.

Altman stood alongside Trump in the White House in January to announce Stargate, which he said would include electricity infrastructure as well as data centres and pave the way to the next phase of AI.

The project, whose other founding partners are SoftBank, Oracle and Abu Dhabi state fund MGX, has since become broader and more nebulous. OpenAI has already struck deals to develop data centres in the UAE and Norway with local partners.

Rene Haas, chief executive of SoftBank-owned Arm, would join the delegation of tech executives in the UK for the state visit next week, according to people familiar with the matter. The UK tech champion’s chip designs are used in Nvidia’s AI products.

Peakdread,

I may have led the cat out of the bag, prediction@£14.99 come COB 5th January (Due to the Scottish Holiday New Year's weekend)

ShareFlyer

Captain’s Log

Who be daft enough to call a range a forecast? A prediction be a single shot from the cannon, not scatter-fire of grape and shrapnel. “£12–12.25” be no call at all — ‘tis fence-sitting in calm waters. Either ye nail yer colours to £12.00 or hoist ‘em at £12.25, but don’t be hiding in a 25-penny fog bank pretendin’ ye’ve charted the stars.

On this deck, the rule be clear: one number, one target. Else ye’ll be walking the plank for wastin’ the crew’s time with wishy-washy ranges when the battle cries for precision. 🙌🤞IV

Icecool, I agree, especially after Vistry has basically cemented the relationship with Homes England. My prediction is that the City has been on a hiatus during their summer holidays, and a strong rerating is on the horizon during the second half. 🤞777

Strictly,

Can’t argue — compounding is the only judge that counts. Wilson Bowden and Bellway proved it, and Vistry’s record doesn’t sparkle the same way.

But the game now is whether the new model builds a fresh compounding engine. Might not be 20% fireworks, but if it grinds out steady double-digits through the cycle, that’ll do me.

Let’s circle back in 2028 and check the compounding ledger over a pint — popcorn optional.

Svend

Copper @ $4.70

Strictly,

Agreed — probably best to let the dust settle and see how the script plays out. You’ve chosen the safer seat in the stands; I’m taking mine in the arena. Time will tell which view gets the better show.

As for the popcorn — let’s just say I’ll keep some ready either way.

Svend

Andy, laugh, it's He1. 🤣

The market makers are clearly manipulating them; you don't get funding approval for $10 million in isolation. Let that sink in first!

The good ship Rycey slices through calmer seas once more. Under Captain Tufan’s command, she be leaner, faster, and richer — profits swellin’ 50% to £1.7bn, margins a hearty 19%, and near £3bn o’ coin flowin’ into the hold. Dividends be flowin’ again, and a £1bn buyback be locked in the chest.

But the market still misprices her sails — rivals like GE, Pratt, and Safran cruise at lofty valuations of 22–25 times earnings, while our Rycey trades nearer 18–20 times with a fatter free-cash tide. A flagship reborn at a cheaper toll.

Catalysts off the bow: surprise earnings hauls, richer rations for shareholders, SMR milestones, and fat widebody orders. The reefs: heavy debt, fickle skies o’ aviation, and rival broadsides. Yet by my chart, she be worth more than the doubters’ coin, bound for higher waters afore 2027.

Nettles the ship’s cat growls: “P/E be the true compass, lads. At 18, she’s no overpriced galleon — she’s a bargain flagship. I’ll wager me whiskers she breaches £12, else I’ll scratch the naysayers meself. Now pour me cream and let me watch the rigging rise!” 🐾

Icecoll 100% agree 👌