Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce Holdings plc    RR.   GB00B63H8491

ROLLS-ROYCE HOLDINGS PLC

(RR.)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/29 11:35:05 am
140.4 GBX   -5.93%
09/28ROLLS ROYCE : 10 ways to net zero
PU
09/28ROLLS-ROYCE : Sell rating from JP Morgan
MD
09/25ROLLS ROYCE : says no final decision on potential stakes
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Activist shareholder ValueAct sells out of Rolls-Royce

share with twitter share with LinkedIn share with facebook
08/07/2020 | 05:04am EDT
A Rolls-Royce logo is seen at the company's aerospace engineering and development site in Bristol

Activist shareholder ValueAct Capital Management has sold out of British aero-engine maker Rolls-Royce, a source familiar with the matter said on Friday, ending its relationship with the company five years after it became its biggest shareholder.

Rolls-Royce, which makes engines for the Boeing 787 and Airbus 350, was beginning to see positive results from a four-year turnaround process earlier this year when the coronavirus pandemic struck, halting air travel and wreaking new havoc on its finances.

ValueAct, which invested in the company in 2015 at the height of its turmoil when it issued multiple profit warnings, is believed to have sold its remaining 4.5% Rolls stake in April, the source said.

Rolls has had a difficult time during the pandemic. It said in July it is looking at options to bolster its balance sheet after burning through 3 billion pounds ($3.9 billion) in the first half of the year as planes stopped flying, cutting the revenues it receives from flying-hours.

Reuters has reported that Rolls-Royce is planning a share issue to raise up to 1.5 billion pounds.

Shares in Rolls-Royce fell 2.8% in morning trading on Friday to 246 pence, putting the stock at its lowest level for 11 years, after a report that ValueAct had sold out.

ValueAct was not immediately available for comment on the stake sale, initially reported by the Financial Times. No regulatory filings are required when a stake is already under 5%. ValueAct had previously owned a 9.48% stake in Rolls.

Rolls-Royce declined to comment.

By Sarah Young

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.45% 62.59 Real-time Quote.-52.03%
ROLLS-ROYCE HOLDINGS PLC -5.93% 140.4 Delayed Quote.-79.45%
THE BOEING COMPANY -1.49% 163.6 Delayed Quote.-49.02%
share with twitter share with LinkedIn share with facebook
All news about ROLLS-ROYCE HOLDINGS PLC
09/28ROLLS ROYCE : 10 ways to net zero
PU
09/28ROLLS-ROYCE : Sell rating from JP Morgan
MD
09/25ROLLS ROYCE : says no final decision on potential stakes
RE
09/25PENSKE AUTOMOTIVE : Rolls-Royce to supply 15 Bergen gas engines to Contract Powe..
AQ
09/25'I CAN'T SAVE EVERY JOB' : UK scales back support as COVID surges
RE
09/24ROLLS ROYCE : completes ground testing of technology set to power the world's fa..
PU
09/21Europe lockdown fears trigger worst stocks sell-off in three months
RE
09/21LONDON STOCK EXCHANGE : FTSE 100 sinks over 3% on lockdown fears, banks slide
RE
09/21Rolls-Royce shares hit 16-year low on mooted $3 billion equity raising
RE
09/21UBS eying new acquisition, Deutsche Bank’s suspicious transactions…
More news
Financials
Sales 2020 10 927 M 14 042 M 14 042 M
Net income 2020 -1 760 M -2 262 M -2 262 M
Net Debt 2020 5 450 M 7 004 M 7 004 M
P/E ratio 2020 -1,34x
Yield 2020 -
Capitalization 2 694 M 3 464 M 3 461 M
EV / Sales 2020 0,75x
EV / Sales 2021 0,76x
Nbr of Employees 51 700
Free-Float 99,4%
Chart ROLLS-ROYCE HOLDINGS PLC
Duration : Period :
Rolls-Royce Holdings plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROLLS-ROYCE HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 275,83 GBX
Last Close Price 140,40 GBX
Spread / Highest target 302%
Spread / Average Target 96,5%
Spread / Lowest Target -53,7%
EPS Revisions
Managers
NameTitle
David Warren Arthur East Chief Executive Officer & Director
Ian Edward Lamert Davis Chairman
Stephen Wayne Daintith Chief Financial Officer & Executive Director
Paul Stein Chief Technology Officer
Lewis William Killcross Booth Independent Non-Executive Director
Sector and Competitors