Ever for the reason that Rolls-Royce (LSE: RR) share price skyrocketed, I’ve been looking for one other FTSE 100 firm that may do the identical.

I get it, that’s a silly factor to do. Few blue-chips will ever match its stellar turnaround. Rolls-Royce shares are up 669% over two years and 149% over 12 months.

But I noticed Rolls-Royce’s potential at precisely the correct time, in October 2022. My mistake was to solely make investments a small chunk of cash. Then I banked my 150% achieve too quickly as a result of I didn’t need to push my luck.

I’m looking for the following FTSE 100 restoration play

The joy has died down for now. That’s inevitable, with Rolls-Royce wanting costly at a price-to-earnings ratio of 38.55. That’s greater than double at this time’s FTSE 100 common of 15.4 occasions.

Its shares had been knocked by fears of issues with an element in a Cathay Pacific A350-1000 Rolls-Royce XWB-97 engine. Nonetheless, the European Union Aviation Security Company has prompt this was attributable to cleansing failings reasonably than any structural flaw.

Rolls-Royce has a large alternative in constructing mini-nuclear reactors, and received a lift when Czech Republic’s state utility ČEZ Group selected it as a most popular provider. The UK authorities is down to a shortlist of 4 suppliers and can choose two. Will Rolls-Royce be one? There’ll be a fuss if the UK’s flagship engineering firm is rejected.

I purchased Rolls-Royce shares a month or so in the past and this time, I plan to carry for many years. I’m hoping for ample share price development and dividends in that point, however sadly, nothing like we’ve seen currently.

In my hunt for a bit extra pleasure, I’ve alighted on FTSE 100 housebuilder Vistry Group (LSE: VTY). Like Rolls-Royce, it’s received itself right into a proper mess. Can it get better?

The Vistry share price crashed greater than a 3rd on 8 October after the board issued a revenue warning, admitting it had underestimated construct prices in its Southern Division.

Lots cheaper than it was

It stated the difficulty impacts simply 9 out of 300 websites, however that was sufficient to slash full-year 2024 revenue steering by 20%, or £80m, plus one other £30m in 2025 and £5m in 2026.

Vistry remains to be focusing on a web money place on the finish of this 12 months, in opposition to web debt of £88.8m in December 2023. It additionally has a medium-term goal of £800m adjusted working revenue, plus £1bn of capital distributions to shareholders.

I’ve made a behavior of shopping for corporations after revenue warnings currently and the outcomes have been combined. JD Sports activities Vogue is on the mend however Diageo continues to flounder whereas Burberry Group has inflicted a world of ache on my portfolio.

Vistry specialises in inexpensive houses and social housing, and is predicted to profit from Labour’s housebuilding push. It appears cheap worth buying and selling at 10.22 occasions earnings. Discount seekers are hovering, with Vistry shares up 1.83% at this time.

However my private expertise exhibits that one mishap typically follows one other. Turning issues round takes time. Rolls-Royce suffered a string of setbacks, together with bribery scandals, engine points and the pandemic, earlier than it lastly took wing. We now have to query Vistry’s monetary competence proper now. On these grounds alone, I’ll hunt for my subsequent Rolls-Royce alternative elsewhere.