Rolls-Royce share price: I think we’ve seen the bottom

first_img Roland Head | Sunday, 14th March, 2021 | More on: RR I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! The Rolls-Royce Holdings (LSE: RR) share price has fallen by 25% over the last year. The stock is still down by 50% from its pre-pandemic levels.I’m not surprised the shares haven’t recovered fully. Rolls’ revenue fell by 37% last year and the group reported a £3.2bn loss. However, CEO Warren East has taken decisive action to raise cash and restructure the business. I expect these efforts to pay off, supporting a strong recovery over time.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Now that the future looks more secure, should I buy Rolls-Royce shares? I’ve been taking a fresh look.What I learned from Rolls’ resultsRolls’ best-known business is its civil aerospace division, which makes and supports jet engines for airliners. With most airlines grounded for much of last year, flying hours were down by 57%. Revenue from this business fell by 37%, leading to a £2bn operating loss.However, civil aerospace is only one part of this large business. I believe the other parts of the group could help support Rolls-Royce’s share price as the business recovers.The biggest contributor to profits last year was Rolls’ defence division. This business generated an underlying operating profit of £448m in 2020, up by 8% from 2019. Defence activity hasn’t really suffered in the pandemic, providing great stability.Another source of profits was the power systems operation. This makes engines for ships and other industrial markets. Power systems generated an underlying profit of £178m in 2020. Although this was 50% lower than in 2019, Rolls says demand is already recovering.Finally, the ITP Aero business, which makes parts for jet engines, delivered a £68m profit. Rolls-Royce is actually trying to sell ITP Aero at the moment and says it’s in conversations with a number of buyers. I’d guess they’ll be reassured by the ongoing profitability of this business, which is supported by defence revenue as well as civil aviation.Rolls-Royce share price: is it cheap?Although Rolls’ stock is still trading 50% below pre-pandemic levels, I’m not sure how cheap it really is.The reason for this is that the company issued 6.4bn new shares last year when it raised £2bn in a rights issue. This rescue fundraising increased Rolls’ total share count from 1.9bn to 8.3bn.The number of shares issued by a company is important when calculating earnings per share. Even if the total profit is flat, earnings per share will fall if new shares are issued. This is known as dilution.Rolls-Royce reported an underlying profit of £306m in 2019, giving underlying earnings of 15.9p per share. I estimate that earnings would fall to just 3.7p per share if the same profit was generated today.At the time of writing, Rolls-Royce’s share price is 114p. This values the stock at 30 times 2019 earnings, after dilution. Broker forecasts for 2022 suggest that next year’s profits will be at a similar level to 2019. That means the stock is valued on 30 times forecast earnings, too.For me, that isn’t cheap enough. Although I expect Rolls’ profits to rise above this level in the future, I don’t want to pay too much for future growth. Simply click below to discover how you can take advantage of this. Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Rolls-Royce share price: I think we’ve seen the bottom Image source: Rolls-Royce plc center_img See all posts by Roland Head Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.last_img read more

Italians buy open procurement

first_imgAS PART of a three-year strategic plan announced last year, Chief Executive of Italian State Railways Giancarlo Cimoli is planning to change the way FS treats its suppliers. Head of procurement Mauro Moretti says standard contracts will be agreed, and the fragmentary approach to purchase of spares will give way to block orders. FS will move towards simple and standardised components, including bogies and air-conditioning, and new components will be expected to perform more reliably and last longer.All this should help push costs down. Judging by a tale of screws now costing 12lire instead of 1200lire, drastic savings are in prospect. FS says it is committed to take the best offer on the international market – a move partly forced on it by falling government support and partly by EU rules. Moretti rightly believes that trains should be delivered in a condition that allows them to haul commercial traffic and not have to undergo numerous modifications after they have entered service. In return, he promises a more open procurement procedure, with ’clarity’ in contracts and tenders, which will be published in good time in the EU Official Journal. FS will now adopt the European standard for payment of 30 to 60 days instead of anything up to six months.Just how this will be received by Italian industry, unions and other parties is far from clear, but Cimoli wants costs down by 30% in three years. His strategic plan will see FS pull out of non-core activities, with 10000 jobs disappearing. FS staff will get standard contracts, and around 10% of local passenger services may be withdrawn. Better productivity will save 2500bnlire, and other cost reductions a further 2500bnlire.Eight out of nine coaches of an ETR460 Pendolino set derailed on January 12 as it approached Piacenza on a curve at around 160 km/h. The Milano – Roma Botticelli was carrying about 200 passengers, three of whom were killed, along with both drivers, two members of the Italian railway police and a stewardess; all were travelling in the leading car. The speed limit for Pendolino trains on the curve was 105 km/h. olast_img read more

30 simply perfect ways to make your spouse feel like a million bucks

first_imgLifestyleRelationships 30 simply perfect ways to make your spouse feel like a million bucks by: www.Familyshare.com – February 9, 2015 284 Views   no discussions Share Sharing is caring! Sharecenter_img Tweet Share What have you done today to make your spouse feel loved? If your idea of romance involves an elaborate getaway, big bouquets of flowers and pricey jewelry, you might miss out on everyday opportunities to make your spouse feel loved. Romance doesn’t have to involve some big, overblown drama. In everyday life, it’s the small things that mean the difference between feeling loved and feeling neglected.Your spouse needs to feel your support on a daily basis, not only on your anniversary and Valentine’s Day. Making your spouse feel worthwhile is something you can fit in every day with only a few minutes and little to no money. It may take some creativity, but simple acts of service go a long way toward making your marriage spectacular.In an effort to give you inspiration, here are 30 simple ways to make your spouse feel like a million bucks today. No elaborate scheming required.Give him kisses as often as possible.Hold hands walking into the store.Snuggle on the couch while you watch TV.Send her a sweet text message in the middle of the day.Leave an “I love you” written in the steam on the mirror during his shower.Make her favorite meal as a surprise.Ask him how his day was, then really listen to the answer.Brag about him in front of your friends.Leave a love note on his pillow.Take a walk together after dinner.Wake her with a kiss in the morning.Throw his towel in the dryer to warm up during his shower.Flirt with him in front of the kids.Turn on your song and slow dance.Get a little more dressed up than usual to catch her eye.Give a 30-second hug when he walks in the door.Let her sleep in one morning.Take on a chore he usually does.Plan an at-home date for after the kids go to bed.Surprise her with a sweet treat from the store.Take a sincere interest in his favorite hobby.Offer a genuine compliment.Watch the kids so she can go out with the girls.Don’t complain about his family.Show your trust by not nagging, whining, or micromanaging.Catch her eye and smile at her across a room.Give him a foot or hand massage.Read her favorite book so you can discuss it.Bring up cute stories from your dating and newly married past.Never leave without saying, “I love you.”It’s so simple to show your spouse how much you care, but it’s also so easy to let the business of life get in the way of your marriage. As a spouse, you hold all the secrets about your partner — his fears, his failures and his insecurities. From that privileged place, you also hold the power to either lift him up or tear him down. Both husband and wife share a responsibility to bring out the best in each other. You can do that with just a few perfectly simple acts each day.last_img read more

WWE Raw Preview: Brock Lesnar to return, Rollins to face Rey Mysterio

first_img FOLLOW US Last Updated: 30th September, 2019 19:55 IST WWE Raw Preview: Brock Lesnar To Return, Rollins To Face Rey Mysterio Brock Lesnar to return, Seth Rollins defends the WWE Universal Championship against Rey Mysterio and two Legends sit down for a monumental edition of Miz TV. WWE Raw is expected to start its upcoming season with a bang as a lot has been teased for the past few weeks. Brock Lesnar will be returning to the red brand, Seth Rollins will defend his Universal Championship against Rey Mysterio and Miz will interview two WWE Legends on Miz TV. Not just this, there are many major matches scheduled to be played on Monday night Raw. Raw can be watched live at Ten Sports on October 1, 2019. WWE Raw is scheduled to start at 6:30 am IST. Also Read l WWE: Roman Reigns will face Erick Rowan on WWE SmackDownWWE Raw: Important matchesSeth Rollins to defend the Universal Championship against Rey Mysterio Adil Khan After coming back to WWE, Rey Mysterio notched his biggest victory by winning the fatal-5-way match last week. Rey Mysterio will now face the current champion for the Universal Championship. Seth Rollins will enter the game not just to retain his title but also prepare for his upcoming match against the ‘The Fiend’ Bray Wyatt in the upcoming Hell in the Cell pay-per-view. However, Mysterio is having the time of his life, he has continuously won his last few matches and this can have a positive effect on the master of 619. Also Read l WWE: Wrestler Rick Bognar aka ‘Fake’ Razor Ramon passes away at 49Brock Lesnar returns to RawThis week is the week of the Beast, as he will be making major appearances in both the WWE shows. On Friday, we will see Brock Lesnar going up against Kofi Kingston for the WWE Championship in his first SmackDown match in 15 years. But before he appears on SmackDown, he will come to the season premiere of Raw. The questions raise what business does the Beast have in Raw? And most importantly who is the Beast going to destroy next? Also Read l WWE Hell In A Cell: Everything you need to know about the Pay-per-ViewAlexa Bliss to face Sasha BanksBefore facing Becky Lynch for the Raw Women’s Championship at Hell in a Cell, Sasha will go up against the WWE Women’s Tag Team Champion Alexa Bliss of Monday. After defeating Alexa’s partner Nikki Cross on Raw, Sasha will face the goddess. However, Alexa is unlikely to sit back and allow herself to be defeated by the boss. Alexa will be coming to the ring to take revenge after Banks and Bayley seemingly injured Bliss during a tag-team match on Raw two weeks ago. Also Read l WWE Heavyweight Championship: Best title defence matches in history LIVE TV Written By SUBSCRIBE TO US WATCH US LIVE COMMENT First Published: 30th September, 2019 19:55 ISTlast_img read more

Illegal Forex Dealers, Others Responsible for Rise in Exchange Rate

first_imgThe Assistant Secretary General of the National Foreign Exchange Bureau of Liberia (NAFIBOL), Nimely Saye, has attributed the rise of the exchange rate to unlicensed owners of foreign exchange (forex) bureaus and those operating on street corners.Mr. Saye also blamed owners of gas stations, cement depots, and stores who are clandestinely involved in the forex business, and not charging their customers the CBL rate.Mr. Saye made the remarks yesterday in an exclusive interview with the Daily Observer at his forex bureau on Broad Street, when he described the situation as a serious embarrassment for “legal foreign exchangers in the country.”He said “These people operate out of the confines of the regulations that are put in place by the Central Bank of Liberia (CBL); and as such, they do whatsoever pleases them, although some of their actions constrain the overall economy, evidenced by what the country is currently going through.”Saye, who has over ten years of experience in the forex business, said there is a need for the CBL to take serious actions against illegal forex businesses to control the exchange rate in Liberia. “We have some big business people who are getting the United States dollars from the CBL to purchase goods but selling it to other businesses in order to make maximum profit. These people even put people in the street to get US dollars for them, because they have sold the US dollars provided to them by the bank,” Saye said.“Licensed businesses are changing for L$106 for US$1 and need to pay taxes, including CBL fees, while at the same time unlicensed businesses are also changing at the same rate and not paying taxes, or even renting places. Licensed bureaus have to pay rent and workers as well.” He said any attempt by the CBL to relent on arresting the situation will lead to a serious rise of the US dollar on the Liberian market, adding that “CBL is doing well but need to reinforce their strategies and communicate more to registered bureaus.”“Legal businesses go by the CBL rate but those illegal ‘forexers,’ cement depots and gas stations don’t go by the CBL rate, which is causing problems now for the economy. Licensed businesses are expecting the rate to increase from what it is today L$106/107 for US$1to even L$110, 115 and above,” Mr. Saye said.He noted that the CBL’s auction or ‘special window’ for licensed forex bureaus, which is usually meant to drop the rate, cannot help to control the rise of the rate in the wake of the many illegal forex bureaus.Mr. Saye said his organization is currently working with the CBL to establish more bureaus around the country to ensure that illegal ‘forexers’ are incorporated or licensed.In other countries, he said, “The rate goes up high but it is stable, as forex bureaus will operate on one rate. You will not see someone changing for L$100 for US$1 and others changing for L$102. Owners of stores even contact bureaus to provide them with huge sums of US dollars, sometime at the end of the month or a sale, to get goods.”Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more