This is not farming. This is creeping. (and creepy) where are the seeds being planted, the weeds being pulled?
I thought Rolls Royce was owned by BMW>? This company is doing cool things! Rolls-Royce claims 'world's fastest all-electric vehicle' as plane hits 387 mph Nov. 19, 2021 3:51 PM ET Rolls-Royce Holdings plc (RYCEY),RYCEFBy: Rolls-Royce (OTCPK:RYCEY,OTCPK:RYCEF) says its electric aircraft had reached a maximum speed of 623 km/hr (~387 mph), making the plane the "world's fastest all-electric vehicle."
OH MY!!! RYCEY-- I think stoney just found his X-mas gift for you all -- Rolls-Royce Holdings plc 1.79 -0.08(-4.28%) 4:00 PM 11/19/21
-Rolls-Royce (OTCPK:RYCEF) is well positioned to benefit if SMR (Small Modular Reactors) get the nod. Small Modular Reactors Of course any nuclear discussion today has to include the great white hope of SMRs (Small Modular Reactors). SMR is a technology that is constantly talked up although the technology is still not implemented. Enter Rolls-Royce SMR program. Rolls-Royce is a major aviation defence contractor, which is the second largest aircraft engine maker, and so has challenging times with COVID. Anoverviewof the company has been published recently by the Wolf Report on Seeking Alpha. The Wolf Report sees Rolls-Royce's interest in SMRs as more wishful thinking that reality at the moment, preferring its exploration of electrical engines for aircraft as a more interesting new direction. However Rolls-Royce is itching to get the opportunity to build a portfolio of SMRs to prove that multiple reactors can be built off-site and quickly assembled. The previously thought-to-be-dead deal at Wylfa Angelsey is a concrete example (see above). Two SMR proposals cover both sites at Angelsey (Newydd and Magnox). Magnox is currently being decommissioned. The proposal(s) for Wylfa from Shearwater Energy involve multiple SMR facilities. The Wylfa Magnox site would trial twelve 77MW SMRs (manufacturer not identified, to generate 1 GW of power), while the Newydd site would locate ten GE-Hitachi BWRX-300 reactors. It seems that a proposal concerning the BWRX-300 reactors has been submitted to GE (GE)-Hitachi with a cost estimate provided to UK Dept Business, Energy & Industrial Strategy. It is claimed that the BWRX-300 project could start in 2025, with first power generated by 2028. The other SMR project is less well defined. The SMR programs are claimed to be more flexible and more suited to complement renewables than a large nuclear reactor program....
Oh I get it! Rolls-Royce cars. That part of Rolls-Royce is now a subsidiary of BMW(OTCPK:BMWYY). What we're looking at is the British multinational aerospace/defense company, created back in 2011 called Rolls-Royce PLC (OTCPK:RYCEF).//
Well-spread segment revenues into Power Systems, Civil Aero and Defense, with Civil Aero largest at £5B (Source: Rolls-Royce) So neither revenue nor orders is the problem. The problem is that the company seemingly has issues transforming these revenues into profit, and this has grown bad enough since late 2019, that the company essentially reported negative GAAP EPS in 2020, with no current estimate for FY21 in terms of earnings - at least not for the ADR we're writing about...
Granted it's a bit far out but- This SMR idea is VERY smart way loosening the pressure on the power grids. The US should follow UK here. Rolls-Royce (OTCPK:RYCEY,OTCPK:RYCEF) says itsubmitted its 470 MWe small modular reactor designfor entry to the United Kingdom's Generic Design Assessment regulatory process, in the first step towards commercializing the technology. The movelaunches a 4-5 year review processfor seeking regulatory approval for Rolls' SMR design, which is based on a small pressurized water reactor. The U.K. government must first give companies clearance to submit their designs to the regulator, which is expected to take up to four months before the formal review process can begin.
This company is on hard times but a break above $2 would be significant. I think a Target of $5 in 2 yrs is reasonable. And from a price of $1.80 that's a nice return.