Melrose Industries Share Discussion Threads

[9degrees] 05/9/2017 09:57

Maybe it is the potential value they may have to write off in the Balance sheet when they decide how to handle the Brush collapse?
and the on going losses until then
and if there is no acquisition forthcoming

It just all adds up negatively until something happens. It will get better though

[dodger16] 05/9/2017 09:31

Dav1 - Brush is what it is. No one thought wonders were coming out of something that supplies the oil and gas industry. The directors played the share price by making an acquisition statement in that March RNS - the market is now asking them - where is this? They did this to get the highest pay out. One thing I will state - the pay out is not a concern, they deserve it. How many companies went up 300% last year?

[steeplejack] 05/9/2017 09:01

Truth is,the shares have been a bit shaky ever since David Roper sold 2 million at slightly shy of 255p.

[dav1dc2] 05/9/2017 08:56

Yes I would not dream of selling any of mine but I am shocked at at the reversal. It is a puzzle that the BOD keep hinting but nothing transpires. They have always been brief with their statements so I suppose the sellers must be concerned that there is something behind the scenes which is adverse.
I think I must stop looking until say ... Christmas.
I am glad to see a few comments as I feel less alone about this!

[dodger16] 05/9/2017 08:37

I think given Brush is 5% of production the market has run low on patience for the value element that was added for potential acquisition. In March I would say we got an additional 20-30p for them just stating they were on the hunt. Lets hope they do something soon - by that I mean in the next 3-6 months. I nearly sold up before the trading update but held as I believe Nortek would make it upside overall.

One thing is for sure - I feel safe investing in this for the LT so can ignore the short term.

[bigalan3] 05/9/2017 07:54

I am convinced that the price will recover as the next acquisition nears.
I don't think Brush is responsible.

[loopeyneuro] 05/9/2017 06:10

I was starting to think the same thing...

[dav1dc2] 04/9/2017 17:49

What on earth is happening to the share price?

[nikolidante] 01/9/2017 16:42

Redundancies currently being made at brush no figures yet

[nikolidante] 01/9/2017 16:42

Redundancies currently being made at brush no figures yet

[martinthebrave] 01/9/2017 14:18

Brush only 5% of profit, so a relatively minor player here. The other 95% is very positive IMO.

[9degrees] 01/9/2017 12:56

Anyone know what it might cost in write off to close or dispose of brush.
How much in Goodwill?
How much in Assets etc ?

[sogoesit] 01/9/2017 10:03

Panmure today cuts TP to 280p from 355p - BUY
I guess the cut is due to how their analysts would manage the acquisition strategy differently from MRO's management ;-)

Brush has been in trouble for as long ago as I can remember; so no longer news imv.

[dodger16] 31/8/2017 08:23

Market was never going to forgive no solid acquisition news. Not after they mentioned they were on the hunt in March!

[steeplejack] 31/8/2017 07:32

Excellent figures with the exception of Brush which continues to disappoint.

[pyglet] 29/8/2017 10:40

Aviva have upped their holdings

[intrinsicinvestor] 26/8/2017 12:39

Well Panmure have reiterated a target of 355p in preview note. I agree and let's hope the unexpected is positive!

[meanwhile] 25/8/2017 21:09

With a very key set of results due next week, it's quiet, too quiet for my liking.I'm expecting the 'unexpected'.

[steeplejack] 22/8/2017 09:02

I'd be surprised if there's anything imminent as concerns Brush,given recent sales by Mr Roper.Brush is the thorn in the side.

[nikolidante] 18/8/2017 10:43

Any news on brush being sold yet ?

[pyglet] 04/8/2017 17:05

Looks like 230 is the low!!

[mayers] 02/8/2017 17:19

Well said MEANWHILE, an excellent witty put-down.

[meanwhile] 02/8/2017 16:46

I was a little concerned on seeing the out-of-character rise this morning, but this was relieved as the day progressed and the customary rot set in.

I have said before that the shares are worth £3 on current business and £4 on the back of a further move.

[meanwhile] 02/8/2017 10:37

Razor,Melrose are more concerned with 'coin of the realm', otherwise called money, not this virtual stuff. If they intend to pay dividends in bitcoin, contact us again.