Rolls-Royce (#RR.) – H1 adj. EPS up to 22.2p, DPS to 6p, FY guidance raised

Rolls-Royce (#RR.) – “expect to fully mitigate the current financial impact” of Middle East conflict

Rolls-Royce (#RR.) – 2025 adj. EPS up to 29.55p, DPS 9.5p, “upgraded mid-term guidance; multi-year share buyback”

Rolls-Royce (#RR.) – “strong performance… in line with our expectations… despite continued supply chain challenges”

Rolls-Royce (#RR.) – H1 adj. EPS up to 15.74p, DPS 4.5p, raises full-year guidance

Rolls-Royce (#RR.) – 2024 adj. EPS up to 20.29p, DPS recommenced at 6p, guidance upgraded

Rolls-Royce (#RR.) – “confidence in the delivery of our 2024 guidance despite a supply chain environment which remains challenging”

Rolls-Royce (#RR.) – H1 adj. EPS up to 8.95p, raises FY guidance and plans to also then “reinstate shareholder distributions”

Rolls-Royce (#RR.) – continued industry supply chain challenges, but argues its trading provides confidence in its 2024 guidance

Rolls-Royce (#RR.) – 2023 adj. EPS up to 13.75p, expects 2024 “continued progress”

Rolls-Royce (#RR.) – H1 return to profit, to announce “strategy review” outcome and medium-term goals in November

Rolls-Royce (#RR.) – expects H1 materially above consensus, FY guidance raised

Will I be exiting my remaining shares in Wood Group and Rolls-Royce soon?

I have got a busy hour or two from midday with the latest thoughts from the Bank of England as well as a conference call presentation from Airtel Africa (AAF), but before I get there I need to have a think about my remaining shares in two big winners I have had this year: Wood Group (WG.) and Rolls-Royce (RR.).

Rolls-Royce (#RR.) – current year financial performance ‘in line with expectations’, strategic review on track for H2

The new CEO at Rolls-Royce starts to change his top team

I have enjoyed the year-to-date move of Rolls-Royce (RR.) shares but, consistent with my post just over a month ago, I more than halved my position earlier this month. For the reasons discussed back then, the company remains strategically in the right place but the right time to buy a bunch of shares was when very out of favour – and that is much less true now.

Is it time to sell some of my Rolls-Royce shares?

Just before Christmas last year, I told you all to keep on holding my full year 2022 tip, Rolls-Royce (RR.). The tip had not worked well for me in 2022, having fallen from a c. 120p start of year level to nearer a quid at the end of the year. And the market angst in September and October 2022 had taken it down even lower to a c. 75p level. However, I felt that prospects for the world of commercial aerospace, defence and nuclear matters (among others) were getting better…and now last Friday’s share price close was just over 138p a share.

Rolls-Royce (#RR.) – 2022 adj. EPS up to 1.95p, net debt £3.3bn, argues progressing transformation programme

Rolls-Royce (#RR.) – notes “continued recovery”, FY guidance unchanged

“Well positioned for the future” says Rolls-Royce, however:

We all know that the worlds of aircraft engines, military matters and nuclear angles are always medium-term games. Whilst you can all guess why the shares of BAE Systems (BA.) are up over 40% year-to-date, if you are an Airbus shareholder in France you have only lost c.10% of your share price over the last seven months. Meanwhile as for the fine office of Rolls-Royce (RR.) - which for full disclosure I have talked positively about a number of time over the last year or two - the year-to-date decline in its share price is 35% after today’s first half numbers. So what should investors do now?

Rolls-Royce (#RR.) – H1 loss, expects H2 underlying profit margin improvement