Melrose Industries Share Discussion Threads

[tournesol] 03/4/2019 08:28

Bigalan

Further to previous post, according to HL, current analyst ratings for MRO are:-

RBC Capital Markets 21/03 Top buy

Barclays Capital 20/03 Overweight

Goldman Sachs 18/03 Strong buy

Deutsche Bank 15/03 Buy

Peel Hunt 15/03 Buy

UBS 11/03 Buy

My thesis is that there is a hardening of favourable opinion going on which goes above and beyond the ratings already in the public domain.

[tournesol] 03/4/2019 08:21

Bigalan

What I think we'll find is that some influential analysts have recently promoted MRO from their watch lists to their recommended buy lists.

In other words analysts are doing their jobs - following up recent results by doing in-depth discussions with the co which include provision of good access to operational info, getting across progress of turn round activities and then crunching the numbers and producing analyst reports. It used to be possible to get access to these reports through full service brokers - and that was a routine part of due diligence for serious investors. Unfortunately EU directives now prohibit investment professionals from sharing those reports with the great unwashed - apparently to protect us from misinterpreting the facts. So we struggle to read more than the most stripped down headlines and even those only come to our attention after long delays.

[brexitplus] 03/4/2019 08:16

Firstly, on a rising trend, and secondly Capital Markets Day today.

[bigalan3] 03/4/2019 08:06

Anybody suggest a reason for the fact that the share price of Melrose is rising.

[brexitplus] 03/4/2019 07:39

Getting. Really poor results from the AA. Worse than predictions.

[gettingrichslow] 02/4/2019 22:47

Meanwhile, I've seen a photo of your wallet before and it was, frankly, a disappointment. Cheap looking wallet with a few £20 notes in it. It takes a bit more than that to impress me. Now what would impress me is if you brought back your sinister 'hvs' character - that was really funny, easily the best character you've created. Far better than the dull 'ryelodge' or 'Tommy Hobgoblin'.

[meanwhile] 02/4/2019 22:21

Getting,

Would you like to see a photo of my wallet?

[minerve 2] 02/4/2019 21:12

Here come the Brexit Splits, stop the music!

The meeting of the Brexit Split Club will now come to order!

[minerve 2] 02/4/2019 21:07

Well, what's going on?

[brexitplus] 02/4/2019 20:38

Fundsmith Smithson up 17% since launch. Good investment trust.

Melrose on an uptrend.

[gettingrichslow] 02/4/2019 19:11

Presumably it's not bulging with Melrose profits given you declared a few weeks ago you were selling out in protest at the Directors' pay?

[meanwhile] 02/4/2019 17:45

Would anyone like to see a photo of my wallet?

It's beginning to bulge, and not with shop receipts or loyalty cards.

[brexitplus] 02/4/2019 16:18

Yertiz

Same here.

Since parliament breaks all the rules and cares nothing for us I am inclined to ignore its diktats.

There May Be Trouble Ahead.

[yertiz] 02/4/2019 15:32

Mr Walker is certainly a key board member for both Halma and Ashtead (as non-exec Chairman). He certainly knows how to pick winners.

[tournesol] 02/4/2019 15:11

Losos

I have worked in almost every country in Western Europe and also in many others in Africa, the Far East and Australasia - some 25 in total. I've never had any difficulties with visas - basically because I had a skill that was beneficial to the host country. My son has just gone to work in NY and was able to get a visa, despite the Donald's restrictions, because he has a skill that's in very short supply.

The question of freedom of movement is not a real issue for most of us. Brexit will affect employers who use FoM to take advantage of low wage workers in poorer countries, whilst depressing wages for the UK working classes and those rich (mostly southern) people who employ au pairs and gardeners and housekeepers from low wage countries.

[jackdaw4243] 02/4/2019 14:44

Yertiz

Halma

Paul Walker has an interesting back ground, Wandisco, Sage and now AHT if its the same company.

[losos] 02/4/2019 13:40

tournesol - "She said she had voted for the sake of her children who might one day want to work in Europe."

No logic in her statement at all as you can see from B+ / Jackdaw / myself it was possible to work (and live) in Europe long before the EU came into exisitance. There will always be opportunities, the only difference is that her children might have to apply for a visa if we were not in the EU but that is hardly a major problem is it???

[yertiz] 02/4/2019 12:41

Difficult to find a Remainer in my neck of the woods. And when you do uncover one, they are the most rude, opinionated and non-Democratic souls going. What do the ones I know do for a living? Mostly local or regional Councillors.....with an MP thrown in for good measure. To a man/woman all fearful of losing their subsidies and EU grants - they also tend to be landowners/farmers too, not the ones mucking out pigs or milking cattle, but the ones who charge enormous rents to those who do and are paid less than minimum wage for the honour.

Easily recognisable, they (badly) drive Chelsea tractors with personalised number plates.

Halma flying, Melrose on the up and up as is Evraz. And bought a load of Fundsmith (Equity I Acc) last month also at the right time - all doing my portfolio proud.

[tournesol] 02/4/2019 11:30

I recently discussed Brexit with a friend who had voted Remain. She said she had voted for the sake of her children who might one day want to work in Europe.

Her 3 adult children are non-academic,did not do well at school, have non-professional jobs and speak no languages but English.

She herself has barely set foot outside the UK - she lives less than an hour from the channel tunnel but has used it only once and has never been as far as Paris. She has never visited any European country other than France, nor have her children.

Her entire thought process about her children going to work abroad is, in my opinion, simply a fantasy.

Meanwhile the impact of unregulated migration on the employment and remuneration prospects of her unskilled children is perfectly clear.

If she had really wanted to do her best for her kids, she would not have voted Remain

[brexitplus] 02/4/2019 11:29

Jackdaw

I had no dealings with the Germans. The best east Europeans I understand were the Poles. Before my time my company built a plant in Poland and had a great time. One employee never came back - met a beautiful Polish girl at a wedding, learned the language, stayed and helped run the plant. Yugoslavs were very wary of anyone from elsewhere. Our plant was in Serbia, the plant manager from Croatia!!! He was so stressed he drank himself to death. You could see then the internal tensions.

[jackdaw4243] 02/4/2019 11:01

Losos
The East Germans were generally nicer than the West Germans because the Russians had kicked the arrogance out of them as a n employee of "Zeiss" put to me. That was in the days of Zeiss Jena and Zeiss Ikon.

I had dealing with the Jena lot

[brexitplus] 01/4/2019 17:09

Hi Losos

Sorry you have been ill. I wish you a speedy recovery.

I worked in Yugoslavia and Romania, and was in the negotiation with the Russians. All very different. Roumania was the worst. People were so scared and we were watched continuously. Didn’t know who we could trust, so trusted no one.had to bribe managers to get anything done -Johnnie Walker scotch, Kent cigarettes and Earl Grey teabags were the currency we used!!!