Melrose Industries Share Discussion Threads

[brexitplus] 27/2/2018 14:36

Meanwhile. Please don’t get concerned on my behalf. Just ignore/filter him. Water off a ducks back. And quite good fun.

[meanwhile] 27/2/2018 14:17

Minivera,
"GKN is old, clapped-out UK industry, and I don't mean the products, but I refer to the management methods & structures."

Evidence - long term decline in profitability. Extrapolate to bankruptcy.

Haven't received your address yet. The photo of my wallet will be 12"x10", and signed by me. Don't delay on this offer.

[brexitplus] 27/2/2018 14:11

I didn’t get to see all of the GKN results presentation. Was falling asleep.

Was anything said about how swimmingly 2018 is going? I expected one or other presenter to try and buoy up investors with a snapshot of current trading.

[brexitplus] 27/2/2018 14:02

Sogoesit

Very true. I’ve worked with several engineering companies as a consultant. I’ve found that where I can “tell it as it is” to the CEO, if one of the senior managers said they same there would be hell to pay.

Worst example was a manufacturer of electronic equipment. The company was in trouble so the board got all the senior managers together with themselves plus me as I was doing work for them. Everything went well for about 20 minutes until one manager said something, agreed with by most people in the room, and was constructive, which the CEO took as criticism of him. He just stood up, and as he walked out of the room said “This Meeting is over.” We were astounded and things went from bad to worse.

Big egos are a pain in the boardroom. Engineers are the worst.

[sogoesit] 27/2/2018 13:39

Mind you, if GKN's management culture and openness to change is anything like the way some of their shareholders voice their opinions we MRO shareholders will be in deep trouble.

[minerve] 27/2/2018 13:31

MEANWHILE

"GKN is old, clapped-out UK industry, and I don't mean the products, but I refer to the management methods & structures."

Give us the evidence and not Melrose propaganda. Then we can discuss.

[sogoesit] 27/2/2018 13:29

I hope so b+ (correct pricing)... hope there aren't any surprises hiding, Minerve like, in the woodwork when they come to seeing the real story behind the numbers!

[brexitplus] 27/2/2018 13:25

Sogoesit

Likewise. Results worse than expected. Glad I’m not a GKN shareholder. Melrose look to have priced GKN correctly.

[brexitplus] 27/2/2018 13:21

Hi Meanwhile. Like you I wish we could post pictures too. Articles, analysts notes, my lovely cottage and beautiful younger wife. All grist to the mill!!! Sadly I don’t keep my profits in a big bag.

I agree about m. One minute he goes on about protecting British industry and the next doesn’t care if GKN is sold off to foreign buyers. Nothing constructive.

I remember an England prop forward friend saying to a member of the crowd, when his team were losing, “Constructive criticism please, or keep your mouth shut.”

Happy days.

[sogoesit] 27/2/2018 13:19

Hi bukko, post 2302:
Sure, I looked at the MRO share price action this morning.
I also read the GKN accounts this morning and I think you will find that market's expectations, and MRO's, for margins was worse than previously expected.
DYOR

[meanwhile] 27/2/2018 13:09

M talks about GKN and UK Industry as if they were the same thing.
GKN is old, clapped-out UK industry, and I don't mean the products, but I refer to the management methods & structures.
The sooner GKN is transformed by Melrose, the better UK industry will be for it.
Already 90% of the workforce is overseas. The UK personnel is a quarter of those employed by B&M Bargains.

[brexitplus] 27/2/2018 12:30

On to important matters.

Anyone got any snow. Here in My part of Gloucestershire we are sadly lacking the white stuff.

And I love the snow!!!

[brexitplus] 27/2/2018 12:21

The great thing about this is it doesn’t matter what m thinks. He is totally unimportant. As am I.

[minerve] 27/2/2018 12:17

We don't care what Melrose think! We are GKN investors!

Melrose is a little aggressive dog - bark, bark, bark? Is anybody listening? LOL

[minerve] 27/2/2018 12:15

"My view is that I honestly think that if GKN win and split the two largest divisions quickly they will be snapped up by 2020 and in foreign hands."

Whether they end-up in foreign hands or not will make no difference now whether it is via GKN or Melrose. If Melrose hadn't come along in the first place we might not be considering a break-up or foreign ownership at all!

In otherwords, Melrose's interest has already damaged UK owned industry.

If sales are to be the case, as a GKN investor, I would rather take 100% of the sale value rather than hand a percentage to Melrose shareholders for nothing and at the same time hand-over £285m of obscene payouts to the underserving wealth destroyers.

[brexitplus] 27/2/2018 12:15

Melrose response,RNS just published

Response to GKN's full year 2017 results

Today's announcement from GKN adds little to the debate about which management team is best equipped to transform the business.

· Margins at all three divisions continue to fall and US Standard Aerostructures is loss-making

· Despite an increase in sales of £1 billion, profits are up just £1 million, without taking into account a £112 million Writedown.

· Continued poor cash management is the order of the day, with debt some £80 million higher than consensus


Melrose Chairman, Christopher Miller, said:

"Today's statements are full of long-term promises and more short-term actual misses. They include a rushed plan to demerge Aerospace and Automotive, which begs the question whether the priority of Project Boost has been superseded by the dismemberment of GKN in the next 15 months. At the heart of this is a plea for the incumbent team to embark on an unproven and risky plan which we believe is wrong for all GKN stakeholders and UK plc as a whole. GKN deserves better than this: we believe Melrose is the only team with the ability to unlock its true potential."

[minerve] 27/2/2018 12:09

"First prices have dropped slightly. Since the market prices in the future, if they were impressed GKN would rise."

No. Not necessarily. Information has to be digested, spat out, considered against other opportunities, choices etc.. etc..

You have much to learn little schoolboy.

[brexitplus] 27/2/2018 12:06

Seeing Aero gave a big presentation, does anyone think that Aero is being lined up for sale to Spirit. Apparently they have been interested in the past.

My view is that I honestly think that if GKN win and split the two largest divisions quickly they will be snapped up by 2020 and in foreign hands.

[meanwhile] 27/2/2018 11:59

Mr Bukko & Minerva (if different, or living separately)

Send me your addresses and I'll send you a photo of my wallet.

[brexitplus] 27/2/2018 11:58

Bukko

“Market seems underwhelmed”

With pleasure. I did qualify my comment with”seemsR21; - I could be wrong.

First prices have dropped slightly. Since the market prices in the future, if they were impressed GKN would rise.

Second, analysts have held their forecasts.

Third, media headlining 125% increase but then pointing out operating margin, profit and cash flow drops.

Fourth, pretty low volumes today.

[bukko] 27/2/2018 11:53

yertiz

"Playing right into Melrose's hands and at Melrose's valuation too."

Any chance of the sums for that . I hope you're not an accountant.:-)TVM

[bukko] 27/2/2018 11:48

Brexitplus

"Market seems totally underwhelmed."

Have you some evidence of that? TVM