What I’d do about Rolls-Royce Holdings shares now

Sumary of What I’d do about Rolls-Royce Holdings shares now:

• A setback for Rolls-Royce Holdings shares On 4 February, the company announced the proposed sale of its Norway-based Bergen Engines business because the enterprise is a non-core activity..
• The reason is that Norway is a member of NATO and its navy and coast guard forces use Bergen-built power plants..
• However, in an announcement on 23 March, Rolls-Royce said it had “followed the appropriate process in contacting the authorities in advance of the announcement of the sale.”.
• Of course, what Rolls-Royce needs now is a full ramp-up in engine flying hours to really gain traction with its recovery….

Want to know more click here go to source.

From Motley Fool - 09/04/2021