Melrose Industries Share Discussion Threads

[brexitplus] 15/1/2019 16:32

Jackdaw

Time to get your Brexit Box - dried food, bottled water and firelighters. £300 a box. Lots being sold!!! "The end of the world is nigh".

I'm 80% in cash already.


Getting, PFG falling badly AGAIN. Exploitation of the poor doesn't pay!!!

[jackdaw4243] 15/1/2019 16:27

There is a sailing saying "The time to reef is when you first think about it"

I thought about No Deal and thought "Up or Down", came down on Down so sold 80% of my holdings, kept some MRO just to read the posts on this thread. There is a chance I may do the "Three Peaks Race " this year, I am not the runner that goes up "Snoredownier" :-)

See what tomorrow brings, crash my broker says, cash will be king.

[meanwhile] 15/1/2019 11:30

getting,

Have you solved the 'Rights Issue conundrum' I mentioned to you a few days ago?

Perhaps if you imagined it as a 3-piece jigsaw puzzle, you might be able to get your mind around it.

[losos] 14/1/2019 21:20

MEANWHILE - "Read Rupert and his friend Margot, 1928."

Happy to be corrected about dear old Rupert :-) Also happy to put it onmy reading list but have to say it's unlikely I'll ever get that far down the list. Many others above including the book mentioned a few weeks ago about the military medic in a war zone.

[brexitplus] 14/1/2019 14:23

Steeplejack, I believe the event you spoke of happened in Snoredonia.

[losos] 14/1/2019 11:27

steeplejack - "It is unrealistic to expect people to open up multiple accounts to keep within the FCA compensation limits."

That's why I am with HL, they may be tad more expensive, and they may not offer stock on the Israli exchange or other such places, but they offer all that I need and do it very efficiently. Prior to moving to them I had numerous problems with brokers all of which have been mentioned above (so I'll not repeat the names again.)

The American brokers all thought they were onto a goldmine in the UK in the nineties and a lot of people lost out, not the Americans of course who just retreated back home and left their customers in the lurch and poorer to boot.

I have no connection with HL, never worked for them and don't have any family employed by them either nor do I have any HL shares 'tho they are often to be found on broker recommendation lists.

[jackdaw4243] 13/1/2019 16:37

Oh I did have a piece of biscuit and a sip of wine before.

[jackdaw4243] 13/1/2019 16:27

Six Oysters and a Haddock Steak with Spinach, followed with a selection of cheese,s washed down with a fine Ugandan Merlot. Melrose my largest holding long term but just loosing patience.Need a breakout at £2.00 but some thing keeps holding it back.

[meanwhile] 13/1/2019 16:05

steeplejack,
Bears and badgers just don't get involved in that sort of nastiness.
I believe the scarf is worn to hide a scar he suffered when he was tethered by the neck for a circus act.

[jackdaw4243] 12/1/2019 18:56

I this a bailout

[meanwhile] 12/1/2019 17:20

"Come on, Bill, it's all downhill from here".

Rupert Bear and the Hedgehog..... Rupert to Badger Bill.

[steeplejack] 12/1/2019 10:27

Having worked in the City for many years,I think your podium for the dishonest very credible.It certainly explains my long time fascination with pharmaceutical stocks.Cosmetic companies have never figured highly on my list,although I was attracted to Sinclair (now taken over)when they started promoting face lift products.As for financial institutions,they most certainly take the gold medal by a margin
for a long and persistent commitment to feathering their own nests at others expense.

“Thou turn’st my eyes into my very soul.And there I see such black and grained spots as will not leave their tinct.”

Hamlet Act 3 Scene 4.....Gertrude to Hamlet

[brexitplus] 11/1/2019 23:05

Steeplejack

The recent investment in Graphcore added 29p to NAV and I believe the most recent NAV was 485p.

[steeplejack] 11/1/2019 18:18

“-- Net Assets excluding goodwill of GBP440.3 million (31 March 2018: GBP290.9 million), with hard NAV per share of 444 pence (31 March 2018: 402 pence).”

This is an extract from the interim results to end Sept 2018.NAV might well have grown since but with a current price around £6,the shares are trading on a premium of around 30%.That’s not extraordinary,Neil Woodford's healthcare fund is/was awash with private company holdings and at one point was on a premium of around 15-20%.SMT has typically traded at a premium of 5% odd but the GROW premium is “optimistic221;.

[minerve] 11/1/2019 17:28

Ref Hitachi set to abandon new nuclear plant in Wales:

...

Breaking News: Grayling announces new nuclear energy provider, a man with a shed who says he holds a rudimentary idea of atomic fission and promises a new reactor capable of powering the UK.

[stmartin] 11/1/2019 17:22

steeplejack

Can you say where you saw the premium values for Draper Esprit ? I looked on HL and the company web-site but didn't find it. Did notice though that the bid/offer spread is 5% . Ouch !

[brexitplus] 11/1/2019 17:18

MW, ok so you’ve been to the bank, take blood pressure pills, and buy Mrs MW bubble bath for Christmas.

[meanwhile] 11/1/2019 16:39

"As Terry Smith said once,somewhat tongue in cheek,”making money can be fairly easy,it’s hanging on to it that’s difficult!”

I have always found that making money can be quite hard, for honest people.
Dishonest people, and organisations (that is a collection of 3+ people) who are by nature dishonest & corrupt, find it much easier.
Financial organisations are at the apex of this dishonesty, with pharmaceutical companies a little way behind and cosmetic companies next.

I've worked with (but not for) all these 3. I wouldn't rely in any way on any of them. They are best dealt with using an extra long bargepole.

[steeplejack] 11/1/2019 13:46

Really hope things work out for you.Beaufort Securities was another administration that made it clear how vulnerable investors are in these circumstances.It is unrealistic to expect people to open up multiple accounts to keep within the FCA compensation limits.As Terry Smith said once,somewhat tongue in cheek,"making money can be fairly easy,it's hanging on to it that's difficult!"

[brexitplus] 11/1/2019 13:21

Investment Size

Re Graphcore, the Draper Esprit investment, written by co-founder Nigel Toon.

“The next phase in our company growth story begins today. In the last few months we started to generate revenue from our IPU-Processor products and at the same time have been receiving very strong interest from large investment funds asking to provide growth capital for the company. I am pleased to announce that today we have closed a new $200 million funding round which values the company at $1.7 billion and brings the total capital raised by us to over $300 million.

For this funding round we had to deal with an interesting dilemma. We have been receiving very strong interest from lots of large potential new investors, but our existing investors can see the strong growth path we are on, also wanted to invest much more and didn’t want to be diluted. To deal with this situation we were lucky to have Goldman Sachs, one of the world’s leading investment banks, offer to help on this private round.

Over the last month or so, I have been on the road constantly, meeting new and existing investors face to face to discuss the various options. We worked through the different offers and were able to reach a great outcome with new investors taking half the round and our existing investors matching this investment amount.

The round was jointly led by Atomico, Europe’s leading venture capital firm and an existing Graphcore investor, and Sofina, a very large investment holding company known for providing patient capital to private European companies. Merian Global Investors, a major investment fund based in London, through their new Merian Chrysalis Fund and other funds that they manage, also joined the round, matched by our existing investors that include: Amadeus Capital Partners, Robert Bosch Venture Capital, C4 Ventures, Dell Technologies Capital, Draper Esprit, Foundation Capital, Pitango, Samsung and Sequoia Capital. We had to tell lots of potential investors that we didn’t have room for them.

We are also thrilled to add two new strategic investors with BMW and Microsoft joining this round. Microsoft have strong interest in our technology and Tobias Jahn, Principal at BMW i Ventures said when talking about this investment: “The versatility of Graphcore’s IPU – which supports multiple machine learning techniques with high efficiency – is well-suited for a wide variety of applications from intelligent voice assistants to self-driving vehicles. With the flexibility to use the same processor in both a data centre and a vehicle, Graphcore’s IPU also presents the possibility of reduction in development times and complexity.”

With this new capital we will be working hard to rapidly scale up the company. We will be hiring lots of new engineers to our headquarters in Bristol, UK and to our offices in London, to Oslo in Norway, Palo Alto in Silicon Valley and to new offices that we are opening in Beijing, China and in Hsinchu, Taiwan.

We will be ramping up our production and will be adding to our sales, marketing, finance, legal and people teams. Our goal is to build the global market leader in machine intelligence hardware and we are looking forward to an exciting new period of massive growth.

Our mission at Graphcore is to help innovators create new breakthroughs in machine intelligence. We have been able to attract leading innovators as friends and investors including: Demis Hassabis, co-founder of DeepMind, Zoubin Ghahramani of Cambridge University and Chief Scientist at Uber, Pieter Abbeel from UC Berkeley, and Greg Brockman, Scott Gray and Ilya Sutskever, from OpenAI.”