Melrose Industries Share Discussion Threads

[meanwhile] 16/2/2018 15:49

I thought that might flush him out. Like a rat to warfarin.

[minerve] 16/2/2018 13:10

LOL. What a bunch of clowns.

[meanwhile] 16/2/2018 13:07

Brexitplus,
Yes, it would appear that M has recruited some stooges, from the Pontypridd area I expect.

[yertiz] 16/2/2018 13:05

Usual sign of an imminent share price increase is when Norges Bank reduce. Time after time last year they bought high and sold low. Deutches Bank's record is not much better, so look on it as good news! Analysts, eh? More success with a blindfold and a pin.

[brexitplus] 16/2/2018 12:28

Meanwhile. Has M roused his followers to post here. Perhaps the idiot Corbyn is using an alias!

[minerve] 16/2/2018 12:23

I also here they are not very good at growing the top-line of the companies they take over. They are just bottom-line manipulators.

[sogoesit] 16/2/2018 11:54

grannyboy: "Melrose have made thousands redundant after taking over companies..."
Like I said to Minerve about his assertion that "employees have lost their source of income", please give evidence of your assertion.

Minerva could not and I doubt you can. IF you can, I am really curious to know where these "thousands" of lost jobs were. Nortek, for example, lost some "tens" of jobs at one head office location but jobs were created elsewhere, in Boston, at a new head-office.
Which other companies of Melrose's lost jobs "in the thousands"?

[grannyboy] 16/2/2018 11:28

Melrose have made thousands redundant after taking over companies..its a throw back to the 80/s/90s profit is good mentality at any social costs..

These are asset strippers, plain and simple...

[meanwhile] 16/2/2018 11:26

Mineve,

Is EdmondJ your imaginery friend?

More on my son's shop : I had wanted the shop to be situated in Pontypridd initially, just near the Polytechnic, but he had other ideas so I just gave in.
It would have been cheaper in Pontypridd but since we had loads of money already, and loads more to come when the takeover goes through, it didn't really matter.

[sogoesit] 16/2/2018 11:23

Ah, yes, I found it, thanks Minerve:


November 2016... that was when they, GKN, shut-down the Yeovil plant after a failure in strategic thinking.

I don't know why you post against your own case; but still, good luck!

[minerve] 16/2/2018 11:13

MEANWHILE

Funny, I call it wealth destruction and theft. But there we go.

[minerve] 16/2/2018 11:08

Sogoesit 16 Feb '18 - 10:55 - 2132 of 2134

"... employees have lost their source of income..."
Please give evidence and justify this.
I had not heard that story.
TIA"

It's well known. Go and find out.

[meanwhile] 16/2/2018 11:07

Manerva,

The shop is indeed on a corner; how did you know? It has side parking, a rear entrance and accommodation above. I can send you further details if required.
And yes, I am proud to be able to buy my son a shop. But now, having spent all that money, I want more of it; loads more of it. I want a gross excess if possible. And when I get that, I'll want even more. And I'll probably flaunt it. I hope it's at your expense.

I also have a plan for making it, of course, by investing in a company who makes silk purses out of a pig's ears. It's called 'wealth creation & distribution'.

[losos] 16/2/2018 11:00

brexitplus - "If I swore I was in real trouble. We had standards unlike some others."

I'm not a frequent contributer to this thread but that statement reminded me of my childhood.

In our home we always had respect for women and never ever swore or cursed. I have tried to maintain that standard but sadly it is getting harder and harder with the younger generation.

[edmondj] 16/2/2018 10:56

MEANWHILE,

Absolutely they should lay out detailed objectives, in response to what alleged failures by incumbent managers, to justify a change of control. Otherwise control is passed essentially on the basis, shareholders see a current premium liable to fade in the event the bid lapses. Which admittedly tends to be the feature of most UK listed plc takeovers, if liable eventually to help usher in Labour/McDonnell. Institutions simply say "our clients' interests are paramount" i.e. take the money and run.

The test of a takeover should be what makes best long-term sense for the business, than near-term fund manager performance.

[sogoesit] 16/2/2018 10:55

"... employees have lost their source of income..."
Please give evidence and justify this.
I had not heard that story.
TIA

[minerve] 16/2/2018 10:39

Some good posts on here this morning guys - pro GKN!

Where have you been?

I have been alone against the Melrose Morons up until now!

Some of them are even proud that employees have lost their source of income so their personal gains can buy their family corners shops! Can you believe that! How selfish is that!

[meanwhile] 16/2/2018 10:26

EdmondJ,

Do you really expect Melrose to publish detailed plans of their rejuvenation of GKN. They are sitting outside the company at present.
What they do see, and any fool can see this even from outside GKN, is a tremendous scope for improvement in efficiency, quality and profitability.

You'll be asking next for Mrs May to publish her plans for negotiating with the EU, in many ways a similar organisation to GKN.

[sogoesit] 16/2/2018 10:25

Yep, Nils Pratley... aptly named.

[edmondj] 16/2/2018 09:47

"Melrose’s multimillionaire bosses have so far merely waved their record for enriching shareholders (and themselves) and volunteered only breezy plans for what they’d actually do with GKN."