Rolls Royce on the edge!

[TheGreenGoblin]

The jet engine maker Rolls-Royce has confirmed it is considering a £2.5bn cash call after months of speculation about its financial position, pushing shares in the company to a 16-year low.

The Derby-based engineering company said it was reviewing all funding options to shore up its balance sheet, including a rights issue, or issuing new debt.

Rolls-Royce said it had not taken a final decision on whether or when to proceed with an equity raise, nor the exact amount.

The impact of Covid-19 on its civil aviation business has been brutal, leading the company to report a record £5.4bn loss for the first half of the year in August. It announced at the time that it expected to have burned through £4bn of cash by the end of 2020, and said it might not be able to find enough funding to cover its needs

https://www.theguardian.com/business/20 ... rus-crisis

[ian16th]

Shall we start a book on who buys up RR?

Safran with a soft EU loan.
GE
P&W

[G-CPTN]

Gotta be the Chinese.

[Undried Plum]

I've got money in that crowd.

I still think they're a good bunch, unlike the Boeing bastards.

[4mastacker]

Will we see the emergence of Rolls Royce (2021) Ltd after a government bale-out?

[ian16th]

Will we see the emergence of Rolls Royce (2021) Ltd after a government bale-out?

In 1971 we had an Air Force, and nearly every a/c in that Air Force had a RR engine.

Today, this doesn't apply.

The 1st in service a/c with a pure RR engine that comes to mind is the Hercules! '

Cos RR bought up Allison!