Melrose Industries Share Discussion Threads

[bscuit] 26/11/2017 17:31

Point of detail but illustrative. I am aware Brush are incurring continuing losses on motive power for Caledonian Sleeper and by implication EWS.

[melton john] 26/11/2017 00:23

Brush make a good product, unfortunately in the wrong place. Very labour intensive production - Platers, welders, machinists, winders etc. Skilled labour costs and price of copper and steel in UK are a challenge not to mention transportation costs of finished products at over 50 tonnes a go by road. Very lumpy sales, not helped by currency fluctuations as a lot of customers are outside the UK, sad but I don't think they have a future long term. I used to own some FKI, Bought after director purchase in 2009, doubled my money and it went higher after I sold but Melrose confused me with all the splits and returns of capital and rights issues and never tried again.

[steeplejack] 22/11/2017 09:15

Brush (the last bit of the 2009 FKI acquisition) is in the books for £400m.I suspect they'll be a sizeable write down in due course.As Lex pointed out some months back,it's not just a question of buying well,in Melrose's business,you have to sell well too.

[bigalan3] 21/11/2017 09:33

Could not resist a further top-up. Hoping Brush will be forgotten when their
next acquisition eventually arrives.

[steeplejack] 21/11/2017 08:46

It's more than probable that the brokers will release reassuring comments.They're very keen on Melrose and there nothing really new here.We all know that things in Brush's business are going from bad to worse.I guess we should prime ourselves for a writedown.Nortek marginally exceeding expectations but a caveat that xrates are inflating raw material costs.So,the management can't walk on water!

[steeplejack] 21/11/2017 08:34

Feels like the priority is to sort out Brush before consummating another acquisition.Sold half some months back,so will watch for now.

[martinthebrave] 21/11/2017 08:08

Struggling to see the positives so sold out 206p. No doubt will come good in the end. GLA.

[semper vigilans] 21/11/2017 07:56

Mixed bag?

[meanwhile] 10/11/2017 20:01

Last year a Trading Update was released on 15th November 2016.

hxxp://www.melroseplc.net/media/90199/MEL-trading-update-151116.pdf

[meanwhile] 10/11/2017 09:38

I've no knowledge of next update, Matt. Last year I think we had a November one.

But, to repeat myself here, how tedious these shares are lately. They either go down or stay the same. My preference is for the shares to go up and by a large amount.
In truth, I'm not greedy man. I believe that a gross excess of something should be quite enough for anybody.

[mattboxy] 09/11/2017 22:18

Meanwhile ssshhh! Boring is better than down - when is the next update?

[meanwhile] 03/11/2017 20:08

Has anyone else noticed how boring these shares have become? I know they will move upward some day; I just hope I live long enough.
I'm even considering moving some funds into National Grid or United Utilities for a bit of excitement.

[meanwhile] 11/10/2017 14:16

Pure logic, I think, is prevailing again, after an absence due to the market being swamped by institutional holders adjusting their holdings for the next share issue.

[yertiz] 11/10/2017 14:08

Maybe a buyer for Brush?
Maybe a buyer for Nortek? (Early days, but with Melrose's record, its possible)
Maybe just reconciliation following the results in August and the realization that Nortek is in far better shape than first thought. My money is on the third option, Melrose aren't known for being liberal with their dealings - always been above board, tight-lipped and rumour-free, a good thing too.

[martinthebrave] 11/10/2017 13:48

Maybe a leaky ship?

[bigalan3] 11/10/2017 13:39

Could the next big acquisition be on the way? It is overdue.

[smcle15h] 11/10/2017 12:22

Does anyone know what's fuelling the current rises?

[bigalan3] 06/10/2017 10:10

Surely an acquisition must be close - they started in March. Long term there is only one way this going - I think.

[steeplejack] 06/10/2017 10:04

No idea but we know what the market wants....an acquisition or Brush to be swept permanently under the carpet.

[bigalan3] 06/10/2017 09:10

Why the sudden interest today? Any one out there know the reason?

[smcle15h] 06/10/2017 08:53

Promising start this morning?

[yertiz] 29/9/2017 13:56

Significant moves in MRO will only be when the next acquisition and Brush disposal is announced - neither of which can be too far away. Nortek has returned >50% underlying operating profit increase through Melrose's restructuring and lean management approach. There's a great deal waiting to happen here when Nortek get sold off. Still more than happy to sit, hold and wait for the returns, they've not failed to impress me in the last 6 years or so. GLA.

[bigalan3] 29/9/2017 13:29

I think I called the floor right.
Upwards and onwards.

[bigalan3] 18/9/2017 12:03

It looks as if £2.00 is the floor.
We await the next acquisition.

[steeplejack] 12/9/2017 12:28

Yes,you're right and it's what the Investors C.alludes to its latest hold recommendation.Some drastic action might be required in respect of Brush,write downs etc.It could well be that Brush,in part,is now inhibiting Melrose from making its next acquisition until it knows exactly what the balance sheet will look like post remedial action.