Melrose Industries Share Discussion Threads

[minerve 2] 03/4/2019 16:44

So, efficiencies promised, and if believed, already discounted in the share price What's going to move this North?

Car manufacturer's consolidating and sharing R&D costs, where does this leave GKN?

Efficiency savings can only be done ONCE generally.

[brexitplus] 03/4/2019 16:39

The Capital Markets Day Presentation which covers Aero and Auto is in the Melrose website. Very comprehensive.

Basically it says the companies only need a small amount of revenue growth but increased efficiencies to reach a combined 11% operating margin, higher than that promised on acquisition. This has always been the successful Melrose model.

Comprehensive approach to improving the businesses. Timescale of 3-5 years to reach targets which may be the reason why today’s am share price increase was not sustained. Sentiment slightly soft. The comment “No new information on current trading will be given today.” was released by Melrose at 1.20pm which roughly coincides with the share price fall.

The share price has been over the last few weeks rise followed by fall with an upward trend. I don’t expect this to change. Tournesol is quite correct in posting the BUY recommendations earlier today.

I imagine Meanlodge-Hvs has been going on about Director remuneration. That is a subject for the AGM. Suggest he dusts off his passport and heads to it to voice his concerns there.

All in all very encouraging.

Presentation worth a look.

[meanwhile] 03/4/2019 16:13

My mistake, I forgot Losos.


The ramblings of an old git. - Losos

[meanwhile] 03/4/2019 16:04

Let's be upbeat then. Let's have a series of informative posts from brexit, yertiz and getting :-

My life, my wife and my roast beef and sausages. - brexitplus
A seadog's life - yertiz
How to prosper from Rights Issues and spend it in Las Vegas - getting

Let's see who's bored to death with that lot.

[gettingrichslow] 03/4/2019 15:36

Christ, can you imagine Meanwhile, Ryelodge and Porky at a party boring everyone to tears with their constant moaning and downbeat dreariness?? The two of them would quickly find everyone else moving away or pretending to need the toilet I suspect. So dull.

[meanwhile] 03/4/2019 15:31

Capital Markets Day hasn't helped the shares at all, quite the reverse.

Perhaps the Remuneration Committee gave a presentation on future Director Bonus policy, followed by the Finance Director's presentation on future dividend strategy.

[minerve 2] 03/4/2019 15:17

What is their target bonuses? Far more important! LOL

[ryelodge] 03/4/2019 15:15

MRO announced Target Operating Margins of 10% and 12% for Automotive and Aerospace to its Analyst gathering today.

Would that be : Adjusted, normalised, excluding non-recurring, eliminating one- time effects, comparable, standardised, stop-looking-we've- got-the-number- we- want Operating Margins?

[gettingrichslow] 03/4/2019 13:57

Yertiz, the Kier fanboy has been trying to think of a good answer to those questions for months but can't come up with anything. He's completely flummoxed!

[bigalan3] 03/4/2019 13:28

Thank you tournesol. Your comments are much appreciated.

[losos] 03/4/2019 13:05

tournesol - "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."

It's really demoralising the way everything is changing to accomodate the brainless morons. The 'nanny state' impacts every aspect of lives now. I don't know about you but I find some 'regulations' impact me and extremely irritating.

For example, we had some blinds fitted recently, within two days the the cord that pulls them up came loose. A quick inspection showed that the cord goes into a small plastic tube and four cords come out the other side.

When I phoned the installer he told me "The law now states that these cords can only be loosely tied inside the plastic tube, they must not be glued or made secure in any way"..............why??

Because someone, somewhere, managed to get themselves strangulated by the four cords.!!!!!!!!!

When the installer told me this he said "You can glue them or do whatever you need to but we have to supply them so the knot will come undone if some idiot gets them around their neck"

So of course I immediately glued them and the blinds have worked perfectly ever since.

[yertiz] 03/4/2019 12:56

I refer you to post 9291 (GRS).

We're all waiting with baited breath, Kier fanboy/chimp.

[minerve 2] 03/4/2019 12:39

Yertiz

Sorry, what was the question old boy?

[yertiz] 03/4/2019 12:35

Still waiting your answers, Minerve. Too much of a coward to respond?

[yertiz] 03/4/2019 10:57

You really are starting to lose the plot, MW. Before its too late, please ring this number for help, you need it, believe me: 116 123

[yertiz] 03/4/2019 10:50

How's Kier doing, Minnie?

[minerve 2] 03/4/2019 10:41

Sounds to me like Yertiz is a sore loser. LOL

[yertiz] 03/4/2019 10:21

And there's us thinking you'd sold in protest, MW. Are you sure you're not an MP? They're a bunch of hypocrites too.

[meanwhile] 03/4/2019 09:21

Yes, ex-div tomorrow, and we're in line for a final 3.05 per share.

With roughly 5B shares listed, this total payout rivals the total paid in bonuses to the 4 Directors last year, £160M.
So the remuneration committee believes the contribution of these 4, knowledge and labour, ranks with the contribution of the holders of 5B shares in putting up their cash to finance the business.

There are differences, of course, between these 2 groups. For example the shareholders could make substantial losses if the business performed badly or worse in the event of a worldwide financial crisis.
The Directors, on the other hand, are unlikely to make personal, non-returnable payments of up to £50M each into the business in such cases, in the form of negative bonuses.

[brexitplus] 03/4/2019 08:29

Ex div date tomorrow.