Author Topic: RR - Rolls-Royce  (Read 75475 times)

xtreeq

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Re: RR - Rolls-Royce
« Reply #230 on: February 19, 2017, 10:15:44 AM »
When did they publish the upgrade?


KCLarkin

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Re: RR - Rolls-Royce
« Reply #231 on: February 19, 2017, 10:23:06 AM »
Anyone know what caused the drop on Friday? The Fitch downgrade?

sleepydragon

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Re: RR - Rolls-Royce
« Reply #232 on: February 19, 2017, 10:31:30 AM »
When did they publish the upgrade?

today or yesterday.

sleepydragon

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Re: RR - Rolls-Royce
« Reply #233 on: February 19, 2017, 10:35:09 AM »
Anyone know what caused the drop on Friday? The Fitch downgrade?

I think since they reported ER, it has been selling off everydat.
The headline earning is awful, but it's mostly from accounting loss on the hedging and one time bribery settlement.
I actually feeling better about RR now after listening to Mungers comments about deferring etc..

zizou

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Re: RR - Rolls-Royce
« Reply #234 on: October 01, 2017, 05:49:24 AM »
https://www.reuters.com/article/us-air-france-canada/air-france-flight-with-engine-damage-makes-emergency-landing-in-canada-idUSKCN1C50PV

Scary pictures from this Air France engine failure.

"The aircraft involved in the incident was an Airbus 380 that was about seven years old, according to airfleets.net, an aircraft database. The engine was made by Engine Alliance, a joint venture between General Electric Co and United Technologies Corpís Pratt & Whitney unit."

fareastwarriors

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Re: RR - Rolls-Royce
« Reply #235 on: January 12, 2018, 11:39:21 AM »

fareastwarriors

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Re: RR - Rolls-Royce
« Reply #236 on: February 06, 2018, 08:00:56 AM »

no_free_lunch

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Re: RR - Rolls-Royce
« Reply #237 on: March 10, 2018, 07:13:04 PM »
Earnings came out a few days ago. Still weak but improving. Looking ahead they are talking 450m pounds fcf this year and 1b fcf in 2020.  However the target fcf seems fully priced in relative to 17b market cap.  Anyone see value here?


https://www.bloomberg.com/news/articles/2018-03-07/rolls-royce-to-deepen-restructuring-following-earnings-surge

rb

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Re: RR - Rolls-Royce
« Reply #238 on: March 10, 2018, 07:42:22 PM »
Yes. FCF is depressed as new programs are ramping up. Right now that depression is pretty bad and likely to last for a while as they have a lot of orders coming to be filled. But it won't last forever and when it normalizes it will do so in a powerful way.

KCLarkin

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Re: RR - Rolls-Royce
« Reply #239 on: March 11, 2018, 10:42:41 AM »
Earnings came out a few days ago. Still weak but improving. Looking ahead they are talking 450m pounds fcf this year and 1b fcf in 2020.  However the target fcf seems fully priced in relative to 17b market cap.  Anyone see value here?


https://www.bloomberg.com/news/articles/2018-03-07/rolls-royce-to-deepen-restructuring-following-earnings-surge

I struggle with this one. I have a small position.

RR trades at a little over 1x sales. That seems super-cheap for a duopoly player in a growing, R&D intensive, highly regulated industry. Obviously, margins and FCF and very poor for many reasons. You'd hope that the new CEO would be able to significantly increase margins and cash flow, which would make the current price attractive. But you are already paying for significant improvement.