Share Name Share Symbol Market Type Share ISIN Share Description
Melrose Plc LSE:MRO London Ordinary Share GB00BZ1G4322 ORDS 48/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -0.89% 167.00p 167.00p 167.25p 169.50p 166.25p 168.00p 1,931,539 15:23:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 261.1 -30.7 139.9 1.2 3,150.87

Melrose (MRO) Latest News

More Melrose News
Melrose Takeover Rumours

Melrose (MRO) Share Charts

1 Year Melrose Chart

1 Year Melrose Chart

1 Month Melrose Chart

1 Month Melrose Chart

Intraday Melrose Chart

Intraday Melrose Chart

Melrose (MRO) Discussions and Chat

Melrose Forums and Chat

Date Time Title Posts
15/9/201614:47rights issue9
07/9/201610:33Melrose PLC with Charts and News1,766
03/7/201017:28Melrose Predator turned Prey ?14

Add a New Thread

Melrose (MRO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Melrose trades in real-time

Melrose (MRO) Top Chat Posts

Melrose Daily Update: Melrose Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker MRO. The last closing price for Melrose was 168.50p.
Melrose Plc has a 4 week average price of 176.75p and a 12 week average price of 161.58p.
The 1 year high share price is 187.50p while the 1 year low share price is currently 49.66p.
There are currently 1,886,746,589 shares in issue and the average daily traded volume is 4,494,883 shares. The market capitalisation of Melrose Plc is £3,150,866,803.63.
bashfish: what is the mechanism for paying to take up rights? i initially received an amount of MRON equivalent to the value lost when the MRO price was readjusted from ~700 to ~150, i didnt specifically request these MRON or do anything other than be holding MRO when the price was changed. i actually bought £1000 additional MRON after receiving my initial load. apart from that i didnt do anything with the MRON
steeplejack: It's surprising that buyers didn't finesse their purchases by waiting for the nil paid to float.Afterall,it would be marginally cheaper and there shouldn't be any shortage of stock given the it's a 12 for 1 rights.However,clearly the institutions have been caught short and didn't reinvest all the returned cash in the months before the deal was announced.When the dust settles,I'll be fascinated to know what sort of rating the stock stands on.I remember in the 80s,anything BTR did (led by Owen Green and Norman Ireland) was applauded with sharp share price rises.Of course,Jock Miller used to work for Hanson who similarly enjoyed star studded status.What goes around comes around.
ecoover: If ex-right price is 132p why so much rise today . When new shares will be tradable it means share price to dive.
cisk: Whilst I really like this company and the management the share price seems to have got ahead of itself recently - it will take 2 to years to turn round any acquisition and I think their target sells into consumer markets - they have traditionally bought / sold industrial companies so it seems a little different for them. Also personally I'm not really looking into ploughing a lot of cash back into the market at the moment, so decided to sell my remaining holding with a view to buying back in once the dust has settled. Who knows when / if that will be... Rather keep some powder dry - it seems like things will get a lot worse rather than better in the short to medium term. Also there are a lot of cheap engineering companies out there at the moment - likes of GKN, Senior etc, share prices so depressed. Who knows what's going to happen...
cisk: anyone any thoughts on the target? with the pound on its back surely it's just made their job over 10% more difficult to turn it around? and with the share price up nearly 30% that's a huge amount of value creation already priced in... Thoughts welcome.
meanwhile: Graham, I suppose it depends to some extent on the level of your current holding relative to how much cash you have to subscribe to any new shares. With the MRO current valuation of around £550(150 million shares), a big acquisition could involve a rights issue raising 2 or 3 times that figure, in addition to a share placing or other raising of capital. However, more important in my mind, and what makes me want to accumulate more shares now, is the effect that such an announcement will have on the current 150M shares, as a result of them carrying Rights. If the acquisition is immediately seen by the market as a good one, then the promise of good progress to come is, for a short time, carried by those 150 Million shares. Look at the MRO share movements around the time of the announcement of the Elster buy.
meanwhile: "-(ShareCast News) - UBS downgraded Melrose Industries to 'neutral' from 'buy' with an unchanged price target of 385p following the recent strong performance, saying the next deal is more reflected in the price. The Swiss bank noted Melrose is up 33% year-to-date, outperforming its UK engineering coverage by 25% YTD. As a result, it has reached UBS's target price. "Melrose operates an unusual 'buy, improve, sell' business model and the current leverage to any future deal upside is high given the small nature of the continuing group. "This is being factored into the share price today - we estimate that a c£2bn deal on which management double equity over 3-4 years is now being priced in." UBS said delivery on a new deal in line with past deals could create an upside case of 425p per share. The bank said Melrose is hoping to at least double shareholder equity on any deal it undertakes, adding that if history is anything to go by, it's likely management can deliver.-" End. This is good thinking for a broker. All they need now is to get the simple Maths right.
meanwhile: MRO almost at 360p now. The rise, not spectacular, seems almost relentless. So why the rise and how far could it go? It's unlikely to be Brush; so it's likely to be speculation around the next acquisition. This itself is hardly a revelation, but you may wish to read on. An understanding of Logic is required. I've followed MRO for over 10 years and they have made me some money. I've no wish to drive up the share price now, (because I'll be keeping my shares well into the future), but I am pleased to share my positive view of possible future moves in the price, based on my experience with MRO. MRO's past acquisitions have invariably been a great success. The higher market has been slow to acknowledge this but I believe it's happening now. Their acquisitions, for which they paid market price (or sometimes seen as a little above), are now seen as having been cheap, at least to MRO. Cheap because of the potential for MRO to transform each business and, of course to MRO, they were always cheap. The next acquisition, if viewed in the same light as past acquisitions, I expect will now be seen by the market as a cheap deal for MRO. And it could be a big one. The current capitalisation of £500M might need to add £3B, possibly more. It could be financed in a variety of ways but a big rights issue is expected to be part of it. We could see, just as a guess, an offer of 3 new shares at £3 for each old share currently held. This could raise almost half the £3B. The rest could come from a placing. Now the main factor affecting the old MRO price at that point, is what the market saw that £3 raised being worth, when in MRO's hands and paying towards the acquisition. They could see it as a mediocre deal and see the £3 as still valued at £3, or even less if they saw it as a bad deal. But they could see it as a great deal for MRO, and see the £3 as being (in its new home) being worth £3.50p (50p premium) or more. Before the new shares were traded, that premium would go on the old shares, because they would carry the option to buy shares (re-valued at £3.50) for £3. At 3 for 1, the premium would be 3x 50p = £1.50 total. So where would the old shares trade then? My guess is that the next acquisition will be seen more widely by the market as a great deal for MRO.
meanwhile: The Capital Return and the consolidation left investors with about 15% of their original investment. Investors still keen to invest in MRO have plenty of cash to take up an expected Rights Issue, but probably too much cash & too little shares. Taking this view, some investors will have been topping up their holding of MRO shares. It could have been done, if you were quick, at around 295p, as Eipgam has said. It could be done now at 343p. But is this too high and should we wait? Well if the market as a whole slumps, MRO will follow, and waiting will have paid off. If the market doesn't slump before an acquisition & Rights Issue emerges, buyers could be trampled in the rush. (There just aren't many MRO shares around these days.) Better to have shares to sell at this time to raise cash for the Rights Issue. The Elster example, movements in the MRO price over the acquisition period, would support this. I write this not for personal gain or benefit or from greed and avarice, but for the possible benefit of any of my non-professional colleagues on this site, who might wish to consider this view. I myself have modest needs; I always say that "Excess should be quite enough for anybody".
meanwhile: Take a look at the 10 year MRO share price graph. There's no cycle to be seen there, just a relentless rise, a major downward blip with the banking crisis and a few small ones for various reasons which now appear insignificant. This one will join them.
Melrose share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20161027 14:46:48