Melrose Industries Share Discussion Threads

[minerve] 23/2/2018 16:13

Brexit(plus) has always been on the board. ;)

[sogoesit] 23/2/2018 16:09

Ooh... Brexit has crept in to the board....
As an immigrant I wonder which way the bigoted can guess I voted?
By the way, I love steak and kidney pud ;-)

[meanwhile] 23/2/2018 12:23

No, Bukko I don't give it a lot of significance either, it's a small gap.
GKN has kept only a little ahead of the MRO offer for a good while now, after initially being some considerable way ahead. I take it to mean that a new offer, from MRO or other, is considered by the market to be possible but quite unlikely.

I expect brexitplus will be in Paris now, enjoying the fine dining. I'm not so lucky, just off to Pontypridd, and a slice of Bara Brith, for the weekend.

[bukko] 23/2/2018 11:47

As I write , "the formula" result is 419p for GKN but the market price is 428p. Does anyone read any significance in that? I don't but who knows!

[meanwhile] 23/2/2018 11:30

No advertising, Gary, thank you.

[minerve] 22/2/2018 23:09

I do hope GKN stays GKN. That would be fun.

[meanwhile] 22/2/2018 22:56

I am prepared to be corrected here if I have this wrong. Studying and comparing the results for full year 2017, H1 2017/Interim results and full year 2016 (only 4 months of Nortek), and if we strip out Brush data, then it appears to me that the majority of Improvement at Nortek came in the first 4 months.
Sales & Operating Margin have crept up only a little since then and maybe we can't expect much more.

Is the job at Nortek therefore almost done, apart from finding buyers? If so, then GKN, or some other acquisition, is rather pressing.

[meanwhile] 22/2/2018 10:32

I was pleased to learn of the forthcoming March 6th session of The business, energy and industrial strategy committee, to hear the respective arguments of GKN, Melrose & UNITE. I'm generally impressed by the level of detail these common's committees get down to and I expect the session will bring out the true record of Melrose in previous takeovers. I think they have been unfairly profiled in most of the press and by a number of politicians, like Corbyn & Cable.

As I sit here at the computer, at my side is a large sack, stuffed with money. I use it instead of a wallet; I can't find a wallet big enough to take my ready cash so I use this just as my daysack. I also have other stuffed sacks around the place. This money has been made by owning Melrose.
When Melrose buy GKN, prune useless management personnel, grow the business, maintain the strategically important projects, and fund more research & development, the share price will rise. I will then make more money to stuff into new sacks. I may use a couple of sacks to buy another shop.

But what I do with the rest of the money nobody knows. Who owns the money is irrelevant anyway, what matters is what the money does for our benefit.

[minerve] 22/2/2018 09:01

Bukko

Good comments.

I agree. Counter to popular naive opinions you cannot read too much from the share price action on mergers and acquisitions prior to such activities executing.

If Melrose do buy GKN it will be a shame because I am sure projects like wing development may be halted if the bean counters can't see any beans from current activity. Wealth creation isn't always a tidy sequence of events and in engineering if you give too much power to accountants they will stifle innovation.

It is a shame we have well-educated people in society whose intelligence isn't of parity and can't see that!

Well done to you sir for your wise and unselfish views. Your children and grandchildren, I am sure, when they can see the world through their own eyes, will be proud of you.

[bukko] 22/2/2018 00:30

Brexitplus

I think the market is undecided, the formula result can vary quite a bit inter day . There appears to be considerable hedging going on using derivatives and hedge funds scalping some profits where they can, all tending to stabilise SPs until there is a result or appearance of another bidder.

I do not wish to be drawn into protagonist's exchanges on this board. I do have a position on greed and short termism. Cadbury was an example of that. However I have no connection with anyone here.

[minerve] 21/2/2018 21:33

Bukko

"GKN is well capable of putting its own house in order and keeping all the benefits.If Melrose succeed I will sell up, take my gain and do better with it than Melrose."

Exactly, I have the same view as you Bukko. I will sell too before Melrose get their hands on it.

It is such a shame that we have so many in society that can only think about making quick gains with no long-term plan for improving shareholder value. It is an ignorant and stupid ideology because in-the-end the only people who benefit are the few at the top and the rest have just sold a little more of UK futures for the sake of a corner shop or poxy weekend in Paris.

Some people are too easily bought by money.

[brexitplus] 21/2/2018 21:07

Happening for weeks. Just do the calculation 1.49 x MRO + 81p = GKN I do it in the evening just to make sure. Market expects the takeover.

Thought he might be stalking the filtered. Sad really. Does your wife analyse each post. Perhaps a university psychology department could do some research using the results. Nobel Prize???

[bukko] 21/2/2018 21:01

Tracking the ftse.As have been doing of late.GKN goes up, MRO follows. MRO goes down, GKN follows. Nothing to see here!

[meanwhile] 21/2/2018 20:20

Thanks brexitplus. I can tell you that he remains active, vulgar as ever. I am considering the filter but my wife has an interest in the insane and is currently using M as a test case.
Sudden modest jump today bodes well.

[meanwhile] 21/2/2018 18:08

I'm rather reluctant to give my location in case Minerve tries to track us down but I can say we are in North Wales and close to Snowdonia.

[brexitplus] 21/2/2018 18:06

Good. This is a great opportunity for a great turnaround team to show its colours against a lacklustre GKN team. If the government wants productivity then Melrose is the team to make it happen.

[eipgam] 21/2/2018 17:29

from 14.26 today



and

LONDON (Alliance News) - MPs are to question officials from Melrose over its proposed takeover of engineering giant GKN.

The Business, Energy and Industrial Strategy Committee announced it will hold a session on March 6 to hear from the two companies, as well as the Unite union, which is campaigning against the takeover.

Rachel Reeves, who chairs the committee, said: "The takeover bid for GKN raises issues regarding the future of highly-skilled jobs at the company and the UK's engineering, science and research base.

"It also puts into focus our industrial strategy and the objectives of boosting productivity, growing companies and ensuring long-term investment in industries of strategic importance.

"GKN is an important company for the UK and globally. This session will be an opportunity to hear from Unite and for both GKN and Melrose to set out their case for the future of the business and how they are going to deliver long-term success for the company, shareholders, workers and pension holders."

By Alan Jones, Press Association Industrial Correspondent

source: Press Association

[brexitplus] 21/2/2018 17:21

Hi Yertiz, walkers all. We live just below the Cotswolds so plenty of great walking country without going too far. Cornwall is excellent and we love the Jurassic Coast, my wife enjoying fossils. Have walked in France, in fact everywhere we stay we manage to get out with a pub somewhere on the route.