Melrose Industries Share Discussion Threads

[brexitplus] 01/10/2018 18:38

MW, I don’t have a psychiatrist. Let me have the details of yours and I might give him/her a try.

What fun did you have today?

[meanwhile] 01/10/2018 18:36

brexit+,

Thank you for your description of 'My wonderful day in Trumpton'.

I think you included a visit to your chiropractor but neglected to mention the visit to your psychiatrist.

[brexitplus] 01/10/2018 18:31

Only two I think, Geriatric Zimmer and Schizophrenic Meanwhile. Which hospital are they in I wonder.

Anyway, what fun have you had today?

Have fun in Vegas Getting. Keep us posted.

[meanwhile] 01/10/2018 18:23

My God. They still think ryelodge must be Minerve or meanwhile, presumably because they think there can't possibly be another person, a 3rd one, negative on MRO, so it must be one of the original two.

3rd class thinking. Please don't apply this '2 people only' theory to any of your mentoring courses.

Wonderful.

[brexitplus] 01/10/2018 18:20

Schizo

Have been out most of the day having fun. Coffee at the wonderful Clifton Lido, back adjustment with my beautiful chiropractor, lunch in a great cafe in Redland. All in wonderful Bristol of course.

What fun have you had today?

[meanwhile] 01/10/2018 18:16

4 posts from brexit+ in the space of 20 minutes.
A certain sign of stress, and distress.

Wonderful.

[brexitplus] 01/10/2018 18:13

Wonderful.

Told you Getting. Pretty pathetic post by our resident schizophrenic.

[ryelodge] 01/10/2018 18:06

Could the MRO Board be rattled by the recent market movement? Public Relations seem under the gun to get some positive spin out to the Press -- although something of a stretch with the new Board appointment.

[brexitplus] 01/10/2018 18:05

And from Ergotron

“ST. PAUL, Minn., Sept. 27, 2018 /PRNewswire/ -- For more than 20 years, Ergotron, Inc. has been part of healthcare systems, designing equipment to ease caregiver mobility and improve ergonomics in the care setting. In a continuing effort to support the needs of caregivers and remove constraints inhibiting patient-focused care, Ergotron today announced the new CareFit Slim Laptop Cart and Slim LCD Cart, the first products to be launched within the company's CareFit™ healthcare product line.

With the increasing adoption of electronic health records and digital care, caregivers must be more focused than ever on patient engagement and satisfaction. The CareFit product line is designed to remove barriers to the best patient care, allowing nurses and doctors to easily travel between patient rooms and crowded hallways while supporting their unique workflow and ergonomic footprint. Nurses and physicians spend long hours with patients during their greatest time of need, and with the CareFit line of products, Ergotron aims to help caregivers thrive with the right tools to stay comfortable and productive at the patient's bedside.

"The nurses and doctors using this equipment were our inspiration for CareFit," said Bob Hill, healthcare manager at Ergotron. "Our new CareFit Slim Carts are designed to fit people, fit workflows and fit environments, without restrictions, giving caregivers direct access to their patients without sacrificing physician safety or hospital workflow."

The Slim Laptop Cart and LCD Cart offer an expansive vertical range to easily adjust to the ergonomic needs of a broad range of users, whether sitting or standing. The compact frame makes it easy to move all-in-one computers and monitors around the healthcare facility, and the space-saving design allows the cart to sit flush against the wall when not in use. Multiple cart variations provide unique options to accommodate EMR technology with the same level of mobility and flexibility.”

Wonderful.

[brexitplus] 01/10/2018 17:55

It appears that GKN is changing its website to give equal prominence to the five divisions, namely Aerospace, Driveline, Powder Metallurgy, Off-Highway Powertrains and Wheels, prior to putting the last three up for sale.

Wonderful.

[brexitplus] 01/10/2018 17:52

Wonderful!!!!

[brexitplus] 01/10/2018 17:46

More Nortek news

“Demonstrating its commitment to provide commercial integrators with innovative solutions that tackle common installation challenges, Nortek Security & Control (NSC) today announced that it is now shipping the Gefen® 4K 600 MHz 4×1 Multiview Seamless Switcher (EXT-UHD600A-MVSL-41).

“The 4K 600MHz 4×1 Multiview Seamless Switcher is the perfect solution for displaying content from four high-definition sources on one 4K Ultra HD display,” NSC Gefen Product Manager Jason Fitzgerald said today. “It is ideal for sports bars, restaurants, hotels, and any other commercial signage and entertainment installations where multiple sources need to be displayed on a single high resolution monitor.”

[brexitplus] 01/10/2018 17:24

More from the Telegraph article

“Melrose has previously guided to a sale of Nortek from 2020 onwards. However, accelerating the timetable would be “typical”; of the company’s management, according to one analyst.

“There’s so much interest in the US heating, ventilation and air conditioning market at the moment in the US that selling Nortek for £3bn would be no surprise,” the analyst said. “They’ve separated out Ergotron so a deal next year looks likely.”

Since floating on Aim in 2003, Melrose’s methods have generated £4.8bn of shareholder value, with its acquisitions averaging a return of 2.7 times when they are sold. Proceeds from sales go to paying down debt used to finance Melrose’s buying sprees and make cash payouts to investors. ­Melrose says its total shareholder return since floating is more than 3,000pc, far outperforming the FTSE 350’s return of 231pc

Its first targets, McKechnie and ­Dynacast, were bought for £429m in 2005, and sold for a combined £805m between 2007 and 2011, with a further £100m of profit generated under Melrose’s ownership.

The second deal came in 2008 when FKI was acquired for almost £1bn. About half the businesses it contained were sold for between 2.5 and three times the outlay. One unit, the generator maker Brush, remains within Melrose as it has had trouble finding a buyer due to the fall in the oil price market.

The third deal Melrose made was Elster, for which it paid £1.8bn in 2012. The electric meter maker was sold to Honeywell for £3.3bn three years later.

Disposals would leave Melrose management free to focus attention on the aerospace and automobile units they took on when they bought GKN, a purchase which propelled the company into the FTSE 100.

Buying the historic engineer was Melrose’s biggest deal to date and executives conceded turning it around could take longer than normal.

However, analysts believe that GKN could deliver even bigger returns. UBS said in a note it was modelling a 220 basis point improvement in GKN margins, adding it had “long argued that GKN’s activities were not efficiently run and should have delivered higher returns”.

[brexitplus] 01/10/2018 17:15

I doubt it getting. Not if we think so. Melrose could sell Nortek for £10 billion and he would put a negative slant on it like Zimmer.

They really are very close. Anything in that do you think?

[essentialinvestor] 01/10/2018 17:14

If they raise near that figure mentioned, the share price may
be well north of current levels. Well worth watching imv.

[gettingrichslow] 01/10/2018 17:11

Thanks B+, there's some really significant stuff in there. Even MW would have to concede that I think!

[brexitplus] 01/10/2018 13:25

I don’t believe he had MRO shares. Probably had an inheritance from an aged aunt.

[gettingrichslow] 01/10/2018 13:21

Of course you sold Meanwhile! You're literally turning into Minerve - if a share goes up, you recently bought it, if a share goes down you recently sold it. Pathetic really. Why not just admit to yourself that you're all over the place on this!

[meanwhile] 01/10/2018 13:08

brexit-,

Some real facts, in place of getting's guesswork.

How do you think we bought the shop, shop stock, a new truck for the business and paid off the house mortgage we had taken out to buy the MRO/Nortek rights issue? We sold some MRO shares.
Of course we still have some left, I'm guessing around 50X what you & 'the crutch' currently hold between you.
And at present they are losing money fast.
Wonderful.

[brexitplus] 01/10/2018 11:24

;MW

“Have you noticed that getting, the brexit crutch in human form, thinks he knows when we have and haven't made share trades? "We didn't do this, we didn't sell then." How could he know this?”

Examples please? I don’t expect a response.

[essentialinvestor] 01/10/2018 11:18

If the price falls much further,
the question may be asked..have they bitten off more than they can chew.

Given a near 30 year record, they perhaps will be given the benefit of
the doubt by many - I'm including Wassall PLC in that timeframe.

[meanwhile] 01/10/2018 11:10

If the shares fall much further we could see a takeover bid.
Chance to get a good, new management back in.