It’s good to know there is support out there. We do have a petition going, would it be ok to post it on here? It’s ok if not, I don’t want to be spamming the board.

Post it up man!

Thanks chaps.

Link for the petition is here

There is also a video that our union have created which might interest you, although I warn you it’s a bit of a tear jerker! Plenty of information on what we make, the history of the site and how it will affect the town if the site closes. Save our site video

I’ve just realised my break even price is about £2.70. There’s the long game… 😂

this is flooping stupid, the level of advanced materials, engineering and manufacturing skills involved in being able to make an modern fan blade is increadible, and worth so much more to the economy (and future economy) than just the current savings from shifting the jobs out

utter joke.

Utterly shocking useless piece of shite.

DO NOT EVER USE AJBELL TO TRADE WITH

Markets have just gone insane and my piece of shit ISA won’t let me trade.

**** hell

Did anyone else get good trades in?

That was insane. RR up by 50% in the space of an hour.

I think all my SIPPs / ISAs take 1-2 days to execute any buy/sell, so no chance of tracking fast changes!

Not that I deal more than about 1 or 2 times a year….

all on the back of the Pfizer announcement I guess?

Easyjet up 30% too.
My portfolio just about breaks even now, go me.

all on the back of the Pfizer announcement I guess?

Biden + Republican Senate = no major legislation, so good for business.

Holy smokes.

RR currently up 92.21% on the day.

Mad

Alas I’m not, as I sold my last chunk this morning, and my options don’t arrive till Thursday, by which time I’m sure they will be way down.

After following this post got some RR shares.
Also used some funds on some other airlines, BP and safe BT.
Have cashed in half of shares when topped out and will look to invest again if price drops.
Never done this before but seems quite addictive.
Any other tips?
Looking at long term investments in anything to do with travel and planes.
Apparently RR are close to do doing a deal on building nuclear power stations.

Never done this before but seems quite addictive.

Understatement of the century. I’m completely hooked on it. I get utterly inundated with all sorts of vile adverts for betting shops and online casinos and other stuff I would rather boil my bollocks than use. But clearly Google is monitoring my trading activity and deduced that I’m a gambling addict….

Looking at long term investments in anything to do with travel and planes.

I got heavily into Jet2, BA, RR, BP etc simply because they were the ones that tanked most in April.

Apparently RR are close to do doing a deal on building nuclear power stations.

Yep, thought that I as interesting. I wonder if it is stactor in the recent price rise? I don’t think it is, but be good to see.

OK. I’m going out on a limb here and saying RR will drop by 30% by Friday…

Let’s see.

One of my mates was in process of moving his share stash over to AJ Bell, they were utterly rubbish and he’s in throes of moving it all back again (to Charles Stanley I think) – so not the only one @thegeneralist.

.. I was with ATS and have been migrated over to ii..

I wonder if it is stactor in the recent price rise? I don’t think it is, but be good to see.

Unlikely, the vaccine announcement meant people expect reality to return earlier than expected, so anyone who has tanked due to CV-19 should have got a lift out of it. Oddly, tech stocks dipped, I guess as people expect a return to offices sooner, so less need for Zoom, Teams, Skype etc etc.

Wall Street have been preparing for Biden; see stance taken by Blackrock and others on green/environmental issues which aligns with re-signing to the Paris accord.
As for recent price movements of US tech stocks – some or any of…profit taking, increased scrutiny by and pressure from Congress, possible transition away from WFH back to office if vaccine is fully tested and approved.
I would expect US shares to, generally, continue on an upward trend – Biden will find a way to better work with China on tariffs/trade; once his team settle in there will be 2 years to the midterms so some certainty; tech dominance will continue despite Congress.
UK shares, on the other hand…brexit transition, tariffs, paucity of trade agreements, gov unwilling to think ‘outside the box’ re borrowing/money creation/investment so austerity V2, hesitant and low grade leadership, limited tech sector, shrunken manufacturing sector, unattractive prospect for skilled migrants, long on talk but short on action.

Friday might be a good day to buy in, if you want a good long term investment.

Friday might be a good day to buy in, if you want a good long term investment.

Why do you say that?

There’ll likely be a drop/correction on the rights issue stock hitting the market tomorrow and some who’ve taken the rights and bought at a discount (32p a share) will likely sell out for a quick buck. That’s how I read it anyway. It’ll never get back to £7 as the stock is significantly diluted by the Rights Issue but its a solid business with cash to get them through the remainder of covid affected trade period.

The bump in many shares earlier this week was amplified by short sellers having to buy at a higher price, so although the news was good, it wasn’t _that_ good. I sold my shares and rights at about the £1 mark this morning, still nursing a small loss overall but no where near as tragic as a couple of weeks ago. Might go back in if they drop to 80p or so.

Staying in for my 3 years as planned. Don’t care about the rollercoaster on the way. Pretty sure the world will still need power, engineering and engines in 3yrs.

Share price seems to be stabilising around 90p. Long term there is a lot of potential if the the SMR project bears fruit. My only worry is that the management structure is still incredibly bloated. They keep making noises as if they are going to cull the management but as yet there has been little real movement.

In terms of Barnoldswick, the stance doesn’t seem to be changing and the upper echelons seem intent on destroying the site, despite it’s heritage. Political pressure is building however and the court of public opinion is on our side. Let’s hope ethics, morals and common sense can permeate into the psyche of a FTSE 100 company.

They keep making noises as if they are going to cull the management but as yet there has been little real movement.

5000 of the 9000 global job losses announced earlier in the year will be gone by year end including 950 management heads announced just a couple of weeks ago just from UK civil business alone. Couple with that the multiple global site closures, offloading of some multi-million dollar business from its portfolio and the £5bn raised through a combination of shares rights issues, debt re-structuring and some accounting shenanigans, the company seems to be making massive strides to survive and ride out the current storm. Not sure you can claim they’re all talk and no action. It’s utterly brutal and devastating for those involved.

Jobs will be created from the SMR project but nowhere near the numbers that have been lost. Though the company is 50% civil engines which is driving the current woes (Defence, Powersystems and Nuclear doing very well) recovery will hopefully begin by mid next year it will still take a good 4 years to get back to 2019 levels so billions of lost revenue to the company so not going to see any significant growth for a while yet. Overnight the size of the company has been significantly reduced. Just look at the numbers in other big aerospace giants like GE P&W, Boeing and Airbus, not to mention the Airlines and suppliers, airports etc. The whole global industry is on its knee’s. But if it can get through the current crisis it will be well placed to take advantage of the recovery when it comes, so keep hold of your shares.

But if it can get through the current crisis it will be well placed to take advantage of the recovery when it comes, so keep hold of your shares.

The key word is…if.
As for recovery, that’s another if; it’s not when.
Are you an employee and/or shareholder?
Shares are for the long term and, if I held any in RR today, would keep them; they have little value at present but a long term potential upside.

As someone who is inside the company I can tell you there is a massive difference between announced job losses and actual job losses (when it comes to management – they are happy to cull anyone actually laying their hands on the product). The majority of the management job losses so far have been a smoke and mirrors affair. A part of the business may be sold off and those 350 managers are included in the total management reduction, despite that part of the business being horrendously over-managed (genuine example). Managers are shunted sideways into other roles and are included in the reduction. Managers are transferred to another company – owned by rolls Royce – which subsequently provides contractors to the company in the form of – you guessed it, management.

Even with the swingeing cuts to Barnoldswick – I have seen the final proposed figures which leave 69 shop floor workers on the entire Barnoldswick campus, but there are still 7 left in management. A 1 to 10 ratio is ridiculous, I don’t care what business you work in. The Barnoldswick campus was 1000+ when I started 9 years ago for some context.

The business is re-sizing, this is a fact. But if it re-sizes and still keeps an insane proportion of managers to workers it will still be an inefficient business.

Also, the ‘offloading of multi billion pound businesses’ – on the whole I see this as a negative thing. Many of these businesses produce parts FOR Rolls-Royce. Example – ITP aero. It produces parts for the company – they might raise cash in the short term by selling it, but then they have to buy every single component ITP makes back!

Every measure the company is introducing increases temporary cash flow, but increases long term liabilities. Increased debt, diluted shareholding, bond obligations, outsourcing liabilities, increased contractors. I’m not saying some of these measures aren’t necessary, but don’t mistake temporary cash flow for progress. If the civil aerospace takes longer than estimated to recover, Rolls-Royce is in serious trouble.

My hopes are pinned in terms of long term growth on the SMR project and the new ultrafan engine getting an airframe (hopefully Boeing’s touted new mid range aircraft).

Just bear in mind wobbliscott that it is one thing to listen to the guff that upper management and execs put out in their shareholder briefings, and another thing to witness it firsthand. They have been incredibly disingenuous with the reduction in management roles over the last two years (remember this has been an ongoing reduction, the new announcement has only increased management reductions very slightly) and from what I have seen historically I will be very surprised if they meet their target reductions to management. Time will tell, but I can only share what I have seen and experienced.

A 1 to 10 ratio is ridiculous, I don’t care what business you work in.

Seems quite high to me, most companies I’ve worked for are about 1 to 7, certainly less than 1 to 10.

Markets have just gone insane and my piece of shit ISA won’t let me trade.

**** hell

Seems all the ISA platforms struggled!

https://www.ft.com/content/dd3cf99a-ff71-44d4-831c-0edac79d3104

Trading volumes broke all records for platforms as markets rose on Monday, doubling or tripling what they would ordinarily handle.

“It’s not the first time we’ve seen platforms struggle, but it is the first time we’ve seen almost all of the platforms quite literally fall over at the same time,” said Holly Mackay, founder of consumer investment consultancy, Boring Money.

and

Hargreaves Lansdown, the UK’s largest retail investment platform, experienced outages as well as thousands of duplicated trades, causing “extreme stress” to investors. One client trading a £25,000 Isa into tech company shares, realised something was wrong when she received seven confirmation emails — and saw she owned more than £175,000 in shares, pushing her ISA £150,000 into debt.

Seems all the ISA platforms struggled!

Fair point. HL was the other option, but really want to support local business rather than sending all my custom down south.

Seems quite high to me, most companies I’ve worked for are about 1 to 7, certainly less than 1 to 10.

Erm. Unless I’m mistaken, 1 to 7 isn’t less than 1 to 10…

Shares faring slightly better than I thought they would.

Our site in Barnoldswick not too well, we’re being closed for Christmas on Friday 🤯

https://www.google.com/amp/s/www.bbc.co.uk/news/amp/uk-england-lancashire-55073841

Mudpackerdan. Just signed the petition, Sory for the delay.

Anyone else missed Dan’s link above?

Let’s get some more signatures.

https://www.megaphone.org.uk/petitions/save-our-site-battle-for-barnoldswick-rolls-royce

Signed. Fingers crossed for Barlick.

Cheers lads, appreciate it. Plenty of noise being made in the press and in parliament too. Hopefully our management will see the light 🤞

Good news! We’ve managed to secure 350 jobs at the Barnoldswick site for the next 10 years.

Many thanks to all who signed the petition.

Let’s hope those shares go upwards.

Good news indeed!

Good news! We’ve managed to secure 350 jobs at the Barnoldswick site for the next 10 years.

Many thanks to all who signed the petition.

Let’s hope those shares go upwards.

That is awesome news. Really pleased.

😁

That’s great news @mudpackerdan.
Fingers crossed for a brighter future!

OK doke. Dropped 1/3 from recent highs, and about 20% in the last week.

Anyone care to join me ?

( Usual caveats apply)

86.9