GKN Share Discussion Threads

[ram376s] 17/5/2022 09:19

Waiting for S P uplift .Transferred some Lilly to GDR .Pontental multibagger .300 nurse training For new test .

[ram376s] 16/5/2022 17:20

General market conditions showing recovery .

[broadwood] 19/4/2018 08:33

Plenty to live up to.

Christopher Miller, Chairman of Melrose said today:
"Today sees the formation of a new manufacturing powerhouse, headquartered in the UK and with diverse operations around the world. Each of these operations has enormous potential and under Melrose ownership we know we can help them fulfil that potential.

Every time we have acquired a company, we have found talented and dedicated people at all levels of the business who have been enthusiastic about change. This will be the case at GKN: The knowledge and vision of the GKN teams will find full focus under Melrose and together we will transform the prospects of the business as Melrose has done with all our previous acquisitions.

We have begun our in-depth review and this has confirmed our expectations about the size and scale of the opportunity to create lasting value for shareholders and all stakeholders as we drive the businesses to their full potential.

[leadersoffice] 17/4/2018 13:46

Over and above £4.60?

[minerve] 14/4/2018 14:11

Why not just use Amazon? What idiot would order stuff off an unknown source using their credit card? Ah yes, the same sort of idiot that lets a 'Newfie' called "Casey" dictate a human's agenda!

ROFLMAO!

[losos] 14/4/2018 13:58

bouleversee - "but Air Partner is not one of them"

Big apologies, after I had posted 2478 and logged out and shut down the 'puter I realised it was on the main market and not on AIM. faced with cranking up the 'ol 'puter and logging in again to edit the post OR heading out to the forrest of Knettishall Heath I opted for the latter, I don't think Casey (one of my Newfies) would have allowed me any other choice.

Ah yes retailers - what to do ? Internet sales are increasing year on year but in my humble opinion it is dangerous ground. I did only this week order some books from an 'online retailer' (No, it was not Amazon)

After I had ordered I tried to find (a) Physical address (b) Telephone number (c) Name of a Director or senior person.

Could not find any of above on their web site, everything is supposed to be done by e-mail but as we've all found to our cost when you send an e-mail you never know if the recipient will act on it or just 'accidentally' hit the delete key haha.

But they now know all about me!!! they know my full name, address, telephone and e-mail, and most worrying of all they have my c'card number. How secure these vital personal details are I've no idea, but it seems millions of people are happy to provide all sorts of personal details to the internet without a clue as to who is really behind the business.

Oh well, enjoy your weekend.

[bouleversee] 14/4/2018 11:37

I did top up Next after the first big fall but it went on down. I read today that shops are now useless and everyone shops on the internet but the margins aren't so good there. Personally, I have given up trying to buy clothes,footwear or furnishings online as invariably it has to go back and I incur delivery costs for nothing. I only buy products that I know and have used before.

Archie Norman may pull M&S round but they are not catering for the market with the money who want quality and can't compete with the cheap throw away suppliers e.g. Primark. Not prepared to risk more with them.

[leadersoffice] 14/4/2018 10:51

Only the fittest will survive.

M&S just keep buying on weakness and the same for Next.
There's quite a few blue chip shares that have performed badly. If you don't need the money, ride it out. Fashions come and go but the fittest will survive.

[losos] 13/4/2018 13:11

bouleversee - "does take a lot of time though and I have far too many holdings to keep track of"

Tell me about it haha, I started investing before 'big bang' when ones broker would sometimes ring you and knew you and what you wanted and of course everything was in certificated form. How things have changed.

And I too find that there are so many people / organisations getting involved often with just a political agenda and no consideration for the underlying business fundamentals namely making a profit in order to stay in business, provide work for folk, pay taxes to keep the government happy.

I also looked at Air Partner back in 2008, the finance director then was inclined to hand shareholders a 'special' dividend on a regular basis, but the board got rid of her and shortly after they had a major problem with too many aircraft (In addition to leasing I think they owned some at that time) I was about to make an investment but stopped just in time haha. Since then they recovered but as you reported they've had a recent hiccup.

I'm guessing but that's at least two AIM shares you have, very brave :-) I have been burned with AIM shares so I avoid them like the plague now and stick to either FTSE250 or FTSE100 shares. Even then I still got caught with AMEC when the oil price dropped - Who would have thought that the oil price would go down to $15 at one point a few years back.

Sorry to go on a bit, I don't normally write so much. Will look in again tomorrow, off out now with my two Newfies (Casey & Lara) to the peace and tranquity of the forrest :-)

[bouleversee] 13/4/2018 12:19

Thanks, Losos. I opted for max Melrose shares so will get at least the basic and will certainly want to keep an eye on them. Watching these boards does take a lot of time though and I have far too many holdings to keep track of. Occupied With Air Partner as well at the moment as their share price has plummeted and it's hard to know whether it's just due to incompetence and poor auditing or something more serious. Whichever, am now losing all my gains and over 25% of my investment so not a happy bunny.

I'm not a trader and it seems to me that unless one is a trader and/or a shorter it's easier to lose money than make it in today's market which has become a casino, very different from when I started investing many moons ago. I just want to preserve my capital, get a reasonable inflation plus return from it and hopefully a modest increase in value with the minimum of dealing, i.e. buy and forget ideally but not easy these days as one gets overtaken by events.

I see Goldman Sachs is still adding to Melrose as are some other big boys so hopefully I have done the right thing here. I need to find out exactly how Melrose distributes profits from sales and what then happens to the share price No time at the moment.

[losos] 13/4/2018 11:56

bouleversee - "If I took the cssh I wouldn't know what to do with it at the moment"

You could send it to me, will PM you my address, I accept cheques haha.

On a more serious note, I hope you'll continue to look in on the MRO board (If the GKN one disappears into a black hole as I suspect it may do when everything has settled)

The ADVFN bulletin boards do need a wide variety of psoters who can write without the use of profanities and you seem to be one such person.

[leadersoffice] 11/4/2018 22:40

Airbus CEO Hasn't Decided Whether to Oppose Hostile GKN TakeoverBy Benjamin D KatzApril 11, 2018, 2:25 PM EDT

[minerve] 11/4/2018 22:11

Sorcery

Well done! Someone at last showing they have a brain. Rare asset around Melrose/GKN.

[sorcery] 11/4/2018 21:58

Well I am out, sold in the market today.
It just doesn't make any sense to me to hold Melrose shares. They don't have any positive tangible assets, they made a loss in 2017 and yet they are the turnaround "specialists". I prefer GKN made a profit, paid a dividend and had a reasonably healthy balance sheet.

See you again somewhere, sometime or even here if Melrose doesn't have what it takes.

[bouleversee] 11/4/2018 21:10

You may or may not be right about that, Bukko, but you might end up with more cash than with the basic offer and you wouldn't have lost anything, would you, if you tried for more cash? Anyway, good luck. It's all a gamble and I'm not a gambler by choice.

[bukko] 11/4/2018 20:41

bouleversee

If there was a solid cash alternative I would take it. However it is subject to "mix 'n match" within the available cash allocation. It would take around 4.7 all share GKN share options to fund 1 all cash GKN share option.This seems unlikely to happen IMO. The late share price rally didn't reach my sell order price for half my shares so I will be taking up the basic improved offer and sort things out later.

Only the basic offer is available after the 18th.

There is a deep conflict of interest between the 3-5 year Melrose economic model and the continuous operation of a company through economic cycles and business challenges
which cannot be papered over. Later..

[leadersoffice] 11/4/2018 20:21

Mine are held in Equiniti investment account. I spoke to them this afternoon and they assured me the offer has not yet been declared as 'wholly unconditional' so hopefully, that will be announced on the 17th April. I hope Equiniti haven't given me duff information

[bouleversee] 11/4/2018 20:08

leadersoffice - Apologies, the basic (default) offer is the cash plus shares one, which I thought was called the mix and match one, but my memory failed me and I now see that mix and match is how they refer to the range of options, not quite sure why, so I was using the wrong terminology. I hope I haven't misled you.

However, the all cash option (which is not guaranteed) is not what you will get if you have missed your deadline. That will no longer be available unless the offer gets extended again. If you can't find your paperwork, I suggest you look at the website.

[grahamburn] 11/4/2018 20:04

Not a mess at all - see my post on the Melrose board just now.

[bouleversee] 11/4/2018 19:36

However, I suggest you read the responses made on the Melrose board since I wrote my previous post. What a mess it all is.

[bouleversee] 11/4/2018 19:25

Who holds your shares? Mine are with IWeb and their deadline is just before midnight tonight. Selftrade's was a couple of days ago, I think. The basic offer, the default option, is the mix and match one and that's what you will get if you haven't selected an option by the deadline applicable to you, and then only if you accept by the final deadline set by Melrose. If you hold the shares in certificated form you may have a bit longer but it may come to the same thing by the time you have got it to them by post. If your shares are in a nominee account you will have had instructions from your broker so suggest you check. If your deadline hasn't yet passed, you can still choose which of the 3 options you prefer.