Melrose Industries Share Discussion Threads

[brexitplus] 08/3/2019 12:06

But of course Melrose is different, having made very few redundant and recruiting many for the future.

[minerve 2] 08/3/2019 11:53

brexit

Rolls Royce have actually been lambasted by some investors BECAUSE their net employee count hasn't lowered that much from what the headlines suggest. They have also recruited thousands gearing up for service and maintenance contracts where the bulk of their future profits will be made.

[brexitplus] 08/3/2019 11:47

Getting, as usual Porky when backed into a corner changes the subject. Cable, Clegg!!!

Won’t address the subject of RR making thousands redundant to please investors like himself.

And I really would like to know why his “daughter̶1; hangs around bars with older men.

[meanwhile] 08/3/2019 11:46

Rover, the dog, here.

I'm just sitting here, in MEANWHILE's cotton wool world, alongside one of the cats, the 3-legged one, who just happens to have more brains in its missing leg than getting, brexit & yertiz combined have ever had in their skulls.
There's no itchy fabrics here either.

MRO share price is indeed back to square one, but the company doesn't just have its loyal band of parasitic leeches as shareholders any longer. It has investors acquired with GKN, investing for dividend, investing to support british industry.
The Directors will have to learn that they are serving a different audience now.

[gettingrichslow] 08/3/2019 11:23

Isn't it time for your swim yet Porky? Are you getting your budgie-smugglers on?
ROFLMAO!

[minerve 2] 08/3/2019 11:16

So our we down just as much as we were up the other day? ROFLMAO!

Still, who cares, the executives will no doubt cream off millions. The small shareholders will just have to make do with the measly dividend for now.

[minerve 2] 08/3/2019 11:09

Good guy is Vince, Clegg is a good guy too.

[minerve 2] 08/3/2019 11:08

Vince Cable knew what it was all about. He has far more business experience than any of us on this thread. Chief economist for Shell.

[minerve 2] 08/3/2019 11:07

Some people are so easily bought for a %.

getting and brexit are the male forms of Horizontal Heather.

[gettingrichslow] 08/3/2019 11:03

Good point Meanwhile. Ryelodge - what do you think on that excellent point from the astute Meanwhile?

[brexitplus] 08/3/2019 11:03

Sheepy

Why are you invested, if you are, in such a dreadful company?

Actually you are wrong. Asset strippers take no account of the actual business and staff. The assets could be land, intellectual property, etc. Hanson was an asset stripper.

Melrose build the businesses they acquire and sell them on as going concerns.

There is a big difference.

Of course, being so blinkered, as you are, you wouldn’t want to recognise the difference.

[meanwhile] 08/3/2019 10:52

David Roper at the Analyst's meeting yesterday.

"David Roper, another founder and an executive vice-chairman like Mr Miller, said that some people would describe their activities as asset stripping. “We’d like to call it improving businesses and selling them on,” he said."

Mr Roper is quite clear. He recognises the activity as being termed 'Asset stripping' but he calls it something else.

So we're all correct, on this board. They do asset stripping but some of us call it something else.

[brexitplus] 08/3/2019 10:31

That explains it then. So a company making thousands redundant is morally better than one taking on people.

If you say so.

[minerve 2] 08/3/2019 10:29

Well, yes and no. First, I am not waxing lyrical about Rolls-Royce performance like you are with Melrose. I also understand what the non-underlying items are and I believe they are more likely to be non-underlying than what Melrose believe their non-underlying items are. Second, I know what will drive the share price forward on Rolls-Royce and it is much more specific than improving efficiency. Third, Rolls-Royce holds 3.79% of my portfolio and I have 11 shares that hold more.

Time to grow-up Brexit.

[brexitplus] 08/3/2019 10:19

I see Rolls Royce reported a positive underlying profit (+£606m) and a very large reported loss (-£1161m).

Bit like Melrose really!!!

[brexitplus] 08/3/2019 10:14

Getting.

When I was at uni there was a student known as “Horizontal Heather” who is now sadly departed. She supplemented her grant with a stream of “paying clients.” I was not one of them, had plenty of GFs.

She would stand at the bar in the evenings almost touting for business.

Clever girl - I believe she got a First.

[brexitplus] 08/3/2019 10:11

Porky, but what about those poor people at Rolls Royce. Collateral damage I suppose YOU would call them.

To paraphrase you

“People will lose their jobs to please the market. Marriages may break down. Depression may come along. Who knows, even the odd suicide. A pathetic way to run a company IMO. Not something I would be proud of.”

[minerve 2] 08/3/2019 10:09

I will overlook that silly comment about my daughter brexit this time. :)

Maybe not next time. ;)

[minerve 2] 08/3/2019 10:06

Well, if people were blessed with intelligence they would understand the differences in business models and the nuances, whether implicit or explicit, in objectives. Buy maybe I should make this simple with an analogy.

A guy starts the year with the intent of taking his family on holiday. Due to commitments at work he can no longer go. He pockets the saving and buys himself a new set of golf clubs.

A guy starts the year with no intent in taking his family on holiday. He uses the excuse of work commitments to not go. He buys the new set of golf clubs from the catalogue he was reading over Christmas.

Get the idea?

Idiots.

[brexitplus] 08/3/2019 09:57

“Lounge lizards” - showing your age Ryewhile.

Which dress are you wearing today? Hope the material isn’t too itchy.

[meanwhile] 08/3/2019 09:51

'Lounge lizards' they used to be called, Minerve.

ryelodge has it correct. Whatever way you look at the £50 Million bonuses, (for example equal to the total final dividend on 5B shares,) they're just nonsense.

And that's what I, and many other shareholders, continue to question. What was the thought process that led to £50M bonuses being offered and then accepted and are these same processes applied elsewhere today ?

[brexitplus] 08/3/2019 09:46

Porky

What about the thousands of job going/gone at Rolls Royce, all in the cause of improving efficiency and pleasing the market?