Melrose Industries Share Discussion Threads

[minerve] 09/1/2019 17:55

brexit

"Because there aren’t any."

Fine by me. I'm not invested. ;)

It's not my problem if you don't trust my word. Some of us never lie, we don't ever feel the need to.

[brexitplus] 09/1/2019 17:53

Because there aren’t any.

If you make a statement you really should be able to back it up.

[brexitplus] 09/1/2019 17:45

Is anyone able to tell me how many times the FT Alphaville column has mentioned “Melrose Industries” and “redundancies” in the same article?

I’m fascinated to know the answer, as I’m sure everyone else is.

[minerve] 09/1/2019 17:30

Looks like someone is 'on the case'. The others are somewhat lacking.

[meanwhile] 09/1/2019 17:29

The creation, in early 2018, of new shares to be issued to the 4 Melrose Directors as bonus, increased the total shares in issue by around 1.5%, knocking 3p off the then share price.
That's where the money came from.

[minerve] 09/1/2019 17:20

Oh dear, stmartin's little fantasy has been injected with a little bit of reality.

[meanwhile] 09/1/2019 17:19

brexit, the Sage, tells us :-

"Re remuneration, it should be remembered that unlike many directors who get share options for just being in the job, the Melrose directors have to perform, and in the future re GKN they have to perform very very well ro earn their bonuses."

I can't see how performing, even performing very very well,(and this performing is essentially what we call 'working', it's not doing magic tricks or risking their lives) can justify payments of £50M. They have to be basing it on something else, like gluttony or greed for example.
And if you don't think it's gluttony or greed, remember that these payouts to 4 directors amount to 2X the total last dividend paid to all shareholders, of around 5Billion shares in total.

[brexitplus] 09/1/2019 17:15

Stmartin

Please don’t get too upset. He posts regularly that he hates most of the population of the whole world. Vince Cable is an exception!!!

It takes a special type of person to make that sort of statement. Stalin comes to mind. He too suffered from extreme paranoia and lack of self-esteem.

[brexitplus] 09/1/2019 17:12

“You need to do your research properly because I know on FT Alphaville they have referenced Melrose a few times about employee redundancies.”

Please give examples.

[stmartin] 09/1/2019 17:11

"you'll need the money to pay for that nasty brain tumour that you might get, or your child might get, in, say, 15 years' time."

You really are gutter scum. It's foul that vermin like you are allowed to continue to post.

[minerve] 09/1/2019 16:59

stmartin

You are entitled to your opinion. Personally I think you are a cretin for thinking executives paying themselves £50M each is acceptable. I don't care what they have done for you, for shareholders, or for God. A decent return on my investments doesn't buy me or my values. Obviously you can be completely bought. ;)

The Melrose executives have no magical wand that other executives don't have. They don't have any more knowledge of accounts or engineering than the next bunch of executives. What they do have is different objectives to how the company is run and the time-frame for delivering shareholder returns.

No company is run perfectly. Whether a company is run well or is seen as a "gem" is a matter of opinion. Plenty of pension funds were more than happy to invest in GKN and get a stable return. All because a few activists and short-term capitalists want returns yesterday doesn't mean it isn't a well run company if those returns are not adequate enough for them. GKN was good enough for many investors including myself. I MAY have still been invested in GKN if Melrose hadn't have come along.

Maybe this is news to you, but investing ISN'T just about making money. It is about making money FOR A GIVEN LEVEL OF RISK.

You need to do your research properly because I know on FT Alphaville they have referenced Melrose a few times about employee redundancies.

So, watch the accounts closely. I would pay particular attention to them if I were you. Watch the pension fund too. You need to get this right - because if executives and the elite are allowed to continue to suck these types of values out of the wealth creation of others - you'll need the money to pay for that nasty brain tumour that you might get, or your child might get, in, say, 15 years' time.

Good luck.

[gatehill] 09/1/2019 15:55

Thanks, stmartin. Your words are as my understanding of the company. Onward and upward, I say!

[yertiz] 09/1/2019 15:25

Here, here, stmartin, Melrose in a very small nutshell. You'll find minerve to be nothing more than a baiter, a troll who likes nothing more than to (try and)wind up honest and hard working investors. A distasteful character with no redeeming features and even less friends.

Market enjoying a good start to 2019, Melrose is no exception. Steeplejack's analogy is also spot on, and I agree with the bonus package being far too generous for not a great deal of effort, but no complaints from me for the returns the BoD have made for me as a holder.

[brexitplus] 09/1/2019 15:23

Stmartin

No, he doesn’t and never has owned Melrose shares.

Re remuneration, it should be remembered that unlike many directors who get share options for just being in the job, the Melrose directors have to perform, and in the future re GKN they have to perform very very well ro earn their bonuses.

[steeplejack] 09/1/2019 15:01

Retired....many years ago.

[meanwhile] 09/1/2019 13:50

So you do it all day then.

[steeplejack] 09/1/2019 13:13

It was easier and more profitable to become a stockbroker!

[meanwhile] 09/1/2019 13:05

"Yet,I see Melrose as a group of “restorersR21; of sorts.Rather like someone restoring a car say..They take an old Aston Martin,restore it to mechanical health,polish it up and pop it back on the forecourt.A process that yields a good profit but also yields an improved business for the benefit of society."

steeplejack, with your ability to adopt these sort of beliefs, coupled with your persuasive powers, you should become a member of parliament, a BBC political editor or a double agent for the French security service.

[minerve] 09/1/2019 12:14

steeplejack

True. Melrose step to far for me though. I wouldn't invest in Bet365 or Persimmon for similar reasons. I'm not desperate to make money and therefore I can say 'no' to any proposition, no matter what people might dangle as a sweetener. I am a rare breed in today's world. Plenty of other fish in the sea as far as investing. Besides, if they suck £150M out of the business for their own pockets that comes from somewhere even if it's intangible. If it is out of top-line growth it could be money used in the business to push growth forward, if it comes from 'efficiency' savings that generally means experience is lost and motivation and morale with it. Money does not have lasting affects on morale, it is transient. Besides, if they pay themselves £150M then that is less for us and what have they done? Nothing special IMO. Just modern day corporate raiders enjoying a new vogue.

[minerve] 09/1/2019 12:01

I hope that helps you with your investment decision. It helped me.