Meggitt Share Discussion Threads

[sonofbanjosinger] 02/8/2021 12:50

Good advice on the 10 percent return....

[medieval blacksmith] 02/8/2021 12:43

Before you respond I'm a full-time investor now.

[medieval blacksmith] 02/8/2021 12:42

If your company is so great and life is brilliant how come you are trying to make money on Meggitt?

Shouldn't your primary focus be your business and employees?

[medieval blacksmith] 02/8/2021 12:40

1madasafish

Rather than just see the world through your own small anecdote of a life I suggest you start looking beyond your little comfy bubble. ;)

By-the-way: I have a Masters in engineering, I've worked for two top UK R&D labs and was a founder of an engineering company that listed on the LSE.

Capitalism is a very wide area. I'm not into crony capitalism and short-term capitalism if you understand the differences and nuances.

[1madasafish] 02/8/2021 11:27

I own and run a manufacturing business so I know all about world competition. You are pinning your argument on headlines. Living wage is a very good wage in my opinion. No one is low paid now unless someone is fiddling the system. I have people on my shopfloor earning more than me without the stress and worry of making enough to make ends meet.
People nowadays are idle and they don't know how to save. People want cheap and throwaway. I remember getting bits and bobs for my bottom drawer for my first house which I saved damn hard to afford. Now people want it now and worry about it later. Stick it on the credit card then moan that they cant afford the repayments. No matter how much money is thrown at the NHS it will always be a disaster because its a political hot potato. Its a typical nationalised disaster. Too many people earning far too much doing very little (mainly consultants etc). Massively over staffed. No one dare say it as we might upset someone.
We got out of Europe to have a say in our direction. Germany won the war through the back door because they persuaded Europe to create the European union to compete against larger countries like USA and avoid conflicts like war. All its done is to create arguments & bring their currency inline with the rest of the EU with the Euro because their currency was too strong. We are different to the French, who are different to the Italians who are different to the Greeks and so on. Which bird brain thought we should all be governed by the same rules and laws ?? The Germans because they rule to roost.

[john068] 02/8/2021 11:03

Panmure have offered MGGT shareholders 800p per share.
I own meggitt.which is currently at 736p

What action do I have to take to secure the 800p offer ?

[1madasafish] 02/8/2021 10:53

Medieval Blacksmith ... do you honestly think what people think matters ? Everyone on here including you are just trying to make a living. A capitalist with a conscience? I admire your beliefs but alas it will change nothing. Make a difference and become a MP.
Despite us losing our coal mining industry, car industry to others, shipping industry I guarantee everyone's standard of living has gone up over the last 40 yrs. I'm 48 so I remember what people's houses were like, how many people went abroad, the standard of peoples cars if they had one.
Why don't you nationalise everything and we can go back to the good old days of poor productivity, rubbish quality and strikes.
Next you'll be blaming Margret Thatcher.
I'll tell you who's to blame ... the people who wanted everything cheaper. I spoke to a customer last week who have been around the world sourcing cheaper goods. Why ? Because the end customer which is often 'us the consumer' wants it cheap. Now the world is behold to the chinese. Blame it on the Tories but Blair had plenty of time to change things and didn't and now no one wants the Labour of old because people are doing very nicely thank you

[medieval blacksmith] 02/8/2021 10:34

Rejoice in another UK company being bought out. Short termism wins again!

There will be nothing left in the UK to be proud of.

[1madasafish] 02/8/2021 10:32

Sbb1x on what basis ?

[sbb1x] 02/8/2021 10:27

Pfc next company to be taken out.

[1madasafish] 02/8/2021 09:37

Is that likely emptyend ? A 71% premium on fridays close seems quite an attractive premium ?

[emptyend] 02/8/2021 09:32

Various conditions will need to be met....I don't doubt they will be met, but until that happens a discount will persist (unless there is a counterbid).

[1madasafish] 02/8/2021 09:28

If the bid is £8 cash why hasnt the share price got alot nearer to this or am I missing something ?

[babbler] 02/8/2021 08:57

One thing for sure shorters hurting again following #MRW #SNR and now this

[mike24] 02/8/2021 08:39

before you say WOW, read "Inconvenient Truth by Jennifer Zeng"
23,july 4.54pm

[emptyend] 02/8/2021 08:32

....great minds etc.... ;-)

[emptyend] 02/8/2021 08:31

Even though this bid has been recommended, I'm not convinced that is the end of the story. I wouldn't be too surprised to see a counterbid. Businesses like this are tough to find and, in relative terms, the bid terms aren't much of a premium over pre-pandemic share prices, especially in the context of the general market recovery.

[typo56] 02/8/2021 08:28

Note:

"The Acquisition is conditional on a number of antitrust and regulatory approvals and Parker will make further announcements in respect of such approvals as appropriate."

Perhaps that's one reason trading sub 750p at the moment?

[dozey3] 02/8/2021 08:26

Discount due to risk bid may be squashed. OTOH offer only fraction above prepandemic price and could be regarded as low-ball. Either way good news for LTBH holders because highlights previous under value by market.

[bigbigdave] 02/8/2021 08:21

MNZS might be next to get taken out.

[babbler] 02/8/2021 08:14

£7.5