Melrose Industries Share Discussion Threads

[brexitplus] 18/3/2019 08:44

Yertiz

The Fundsmith Annual Shareholders' Meeting 2019 video is now on the Fundsmith website in the TV section. Interesting viewing.

[minerve 2] 16/3/2019 22:07

I see Pogba dictated the game tonight, by not turning-up!

ROFLMAO!

YNWA

[gettingrichslow] 16/3/2019 17:58

Mattboxy, I don't have a problem with it personally. A well run company has nothing to fear.

[brexitplus] 16/3/2019 16:10

Jackdaw

Ireland haven’t turned up yet. They have been disappointing all season.

Wales win.

[mattboxy] 16/3/2019 13:31

That's true and you can also put in high price sell orders for shares held in nominee accounts. But how do I stop my isa funds and pension funds from lending shares to shorters?I haven't given them permission and they haven't asked me. The simple answer is under current rules I can't stop them and I believe that I should've able to. What does everyone else think

[jackdaw4243] 16/3/2019 13:02

B+

I have the wine chilled and my Welsh flag out.

Good comment in the I C on MRO that should be the kiss of death Monday.

Mrs May feels confident she will get her deal through when it comes up "Again" next week, she has Diane Abbott doing the count assisted by Chris Grayling.

[brexitplus] 16/3/2019 09:36

Morning all.

Racing over, rugby today and F1 starts tomorrow. Miserable weather.

I’m with HL so don’t think my shares are lent, but who knows. Onwards and upwards.

[tournesol] 15/3/2019 22:37

matt

you can easily prevent your shares being loaned

all you need do is have them registered in your own name instead of using a nominee

that's how we used to so things before dematerialisation when we got paper share certificates that had to be sent to brokers for them to be sold

there are many benenfits of using nominees - such as paperless dealing, improved security, speed of execution, etc, but if you are prepared to forego those, you can revert to old school methods and cut out the nominee - who is then unable to lend your stock to other people.

your choice

[mattboxy] 15/3/2019 21:24

TournesolThe big problem is that no-one asks my permission if I am happy for my shares to be lent to someone with the intention of driving the share prices down and what's more I don't even benefit from whatever fee they pay!Why are pension funds and nominee account holders not required by law to obtain permission from the asset holders? Also I don't buy this argument that we need shorters to provide liquidity in a market. If people don't want to hold they sell. If no-one wants to buy the price drops until they do it's simple Keynesian economics - u don't need shorters for a market to work. Am I wrong??

[gettingrichslow] 15/3/2019 20:23

Ryelodge, what do you think? £3 by Christmas? Also what's your opinion on the Directors' bonuses? And when was the last time you walked out of your house and stepped straight into a load of sheep poo?

[meanwhile] 15/3/2019 19:33

£3 by Christmas.

[gettingrichslow] 15/3/2019 18:26

£3 by Christmas?

[brexitplus] 15/3/2019 17:12

Tournesol

Good find. Please excuse short post - am losing my voice after a bad cold!!!!

[tournesol] 15/3/2019 17:07

13/3/19
GOLDMAN REITERATES 'BUY' ON MELROSE INDUSTRIES AFTER RESULTS

...Goldman Sachs reiterated its 'buy' recommendation and 230p price target on turnaround specialist Melrose Industries on Wednesday.
The bank, which has Melrose on its Conviction List, said that following the company's 2018 results, it continues to view Melrose as offering one of the most attractive risk-reward profiles across its European capital goods coverage, with a solid platform for multi-year earnings improvement.

GS said the results were ahead of management expectations, with adjusted operating profit on a fully consolidated basis coming in slightly ahead of consensus and net debt/EBITDA slightly better than expected at 2.3x versus guidance of 2.5x.

"Annualised sales growth came in at 2% versus the prior year; Nortek was the only business not to grow (-4%), albeit it was flat excluding the well-flagged termination of a Chinese contract.

"More impressively, since being acquired in 2016, Melrose has improved Nortek's operating margins from 8.7% to 14.7%. We note that, for 2019, management sees attractive growth opportunities in Nortek's HVAC business, particularly in data centres and in range hoods where new products are being launched in 2019."...

[tournesol] 15/3/2019 15:18

Dear Duncan

I regard your description of shorting as unduly simplistic and your argument as completely specious. Shorters help to provide liquidity and thereby improve the efficiency of the market. And that helps us all.

Shorting a strong company never does it or its shareholders any harm at all. Shorting a weak or dying company can sometimes bring matters to a head and ensure that the agony is not prolonged.

Taking a long or short position is morally identical - in both cases you are betting on the outcome you expect. In both cases you are exposed to gains and losses. Going long is structurally advantageous over going short. A long position has a limited downside (you can only lose 100%) but an unlimited upside (you could have found a 100 bagger). A short position reverses the situation. The upside is limited to 100% but the downside is unlimited.

Before you give me a broadside, I do not and have not ever, practice shorting. But I wish good luck to those who do.

[dgduncan] 15/3/2019 13:28

Would be nice if they cleaned up the AIM shorters and MM chancers. There is an unethical practice of a group of hustlers (shorters) borrowing shares in a company, particularly one listed on the AIM, and then selling the shares (that they do not yet own). They also target bulletin boards with negative comments, sometimes blatantly lying, and bona fide investors sell out of fear. These sales trigger stop loss positions and so the downward spiral continues. At some point the shorters close their position by buying the shares at this much lower level. The winners are the shorters and the market makers at the loss of the ordinary shareholders and the company. This is illegal in many countries but not the UK.

Please sign the petition to make it illegal in the UK.

[yertiz] 15/3/2019 13:25

Fortunately the Germans missed the Barbican, still a world of history and character to be found there. Next year is huge for Plymouth, 400 years since the Mayflower and its passengers left to set up shop in the US of A. Its going to be a busy year with Americans coming across to see where they may have originated from. Hope they aren't too disappointed!

[brexitplus] 15/3/2019 12:36

Yertiz

Sailed a few times from Plymouth and stayed overnight for nephew’s graduation from med school. Centre not much to write home about. Much prefer Exeter. Sad Plymouth was so badly bombed then rebuilt in concrete. Enjoyed walking on the Ho and had dinner (26 of us) at an excellent Italian restaurant.

[yertiz] 15/3/2019 09:46

Certainly was that night B+. Plymouth has never been short of 'strange' folk.

[brexitplus] 15/3/2019 09:19

Yertiz

Lots of inmate talent in Plymouth?!!!!

[yertiz] 15/3/2019 09:16

Thanks for bringing a little culture to the board, Bukko - Wetherby Nobbler - that was the tipster's nickname, funnily enough! The racing was fine, it was the peripherals which let the day down! And I hate losing money.

B+ - MRO on the march steadily upwards. As you say, plenty of buy recommends out there, perhaps we'll hear of some disposal news before long.

I'll keep a lookout for the play (ART), quite often the Theatre Royal in Plymouth put on works like this. I went to an interactive play in the Drum theatre, part of TRP - 'It's a Madhouse' by Alan Bleasdale (he of Boys from the blackstuff - 'gizza job'....). Quite the icebreaker and an innovative take on play production. The audience were the inmates, bloody hilarious!

[bukko] 15/3/2019 00:10

Yertiz

Sorry to hear you had a bad experience at Wetherby Races. Probably influenced by The Wetherby Nobbler, an evil spirit mentioned in Shakespeare's Macbeth.

"Wetherby Nobbler in the mind to suffer. The slings and arrows of outrageous fortune, Or to take arms against a sea of troubles, And by opposing end them?”

[brexitplus] 14/3/2019 11:34

“A former British soldier faces murder charges over the killing of two people on Bloody Sunday in Londonderry in 1972.

The Public Prosecution Service said there was enough evidence to prosecute Soldier F for the murders of James Wray and William McKinney.”

So the IRA killers were given an amnesty but our soldiers are fair game!!!

[yertiz] 14/3/2019 11:27

People's Vote, be careful for what you wish for, unless you want to try best of 5. This country's politicians have created a monster not seen since Ollie Cromwell's days but this time it isn't the Monarchy being called into question. Expenses fraud, Labour effectively bankrupting UK plc, Brown selling off the 'family jewels' and Bliar cozying up to George Doubleya and now trying his best to influence the EU/derail Brexit. And don't mention Heseltine - the man is an imbecile, a dinosaur who should be extinct along with his ideology.

Politicians need to take a long hard look at what they have done and take responsibility for their actions. Sheer madness, it will all end in tears. My next vote will be one of protest, pity the 3rd Earl of Harrow passed away before his time.