Share Name Share Symbol Market Type Share ISIN Share Description
Melrose Industries LSE:MRO London Ordinary Share GB00BZ1G4322 ORDS 48/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -0.66% 226.00p 225.20p 225.50p 229.80p 224.20p 226.80p 9,675,680 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 889.3 -69.3 -2.6 - 4,387.11

Melrose (MRO) Latest News (36)

More Melrose News
Melrose Takeover Rumours

Melrose (MRO) Share Charts

1 Year Melrose Chart

1 Year Melrose Chart

1 Month Melrose Chart

1 Month Melrose Chart

Intraday Melrose Chart

Intraday Melrose Chart

Melrose (MRO) Discussions and Chat

Melrose Forums and Chat

Date Time Title Posts
17/2/201818:15Melrose PLC with Charts and News2,160
16/2/201816:52Melrose Industries-
15/2/201709:06rights issue28

Add a New Thread

Melrose (MRO) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Melrose trades in real-time

Melrose (MRO) Top Chat Posts

Melrose Daily Update: Melrose Industries is listed in the Industrial Engineering sector of the London Stock Exchange with ticker MRO. The last closing price for Melrose was 227.50p.
Melrose Industries has a 4 week average price of 204.40p and a 12 week average price of 197.10p.
The 1 year high share price is 261.90p while the 1 year low share price is currently 194.70p.
There are currently 1,941,200,503 shares in issue and the average daily traded volume is 12,449,366 shares. The market capitalisation of Melrose Industries is £4,387,113,136.78.
sogoesit: Meanwhile (not "Meanwhile" ;-) ) MRO share price today up twice as much as GKN! GKN's defence so poor MRO may not even have to offer any sweetener!
bukko: MEANWHILE "I’ve re-invested capital returns, sold off a few shares at rights issues to reinvest in new shares, the usual stuff. My invesment is worth over 12X now. That’s a true reflection of how successful they’ve been." No it's not. It's a reflection of YOUR investment success in leveraging the return of capital, not the company performance which is a lot less than that. As an aside congratulations for that achievement! A stream of good dividends will normally be reflected in movement of the share price. I accept that return of capital may not as it's usually designed to keep the share price the same as before.However, ROC will also be reflected in the share price in anticipation of future ROC events due to stated company policy,whether they happen or not. And we must not turn a blind eye to rights issues to fund future purchases in considering performance. I am invested in GKN and also invested in 3i but to a lesser extent. 3i has also had a surge in share price in recent years similar to MRO. This surge in share price is IMO the fruition of cheap purchases following the financial crash and availability of cheap money. This environment with easy profits is coming to an end. MRO is now hoping to get GKN on the cheap and freely exploit GKN's resources while contributing nothing more than their self -proclaimed financial "expertise". That can be achieved by GKN by other means at a fraction of the cost of giving away half the company. Anon.....
brexitplus: From proactive investor Melrose-GKN takeover would create further value for shareholders, says Barclays Barclays remains bullish on Melrose, repeating an ‘overweight217; rating and target price of 240p Business cycles in GKN's aerospace and automotive divisions are a key concern Melrose Industries PLC’s (LON:MRO) should generate further value for shareholders if it is successful in its takeover bid for GKN PLC (LON:GKN), according to Barclays Capital. GKN last month advised shareholders to vote against a £7.4bn offer from Melrose, saying it "fundamentally undervalued" the firm. The turnaround specialist has taken its bid hostile and hopes to win over GKN shareholders. Barclays remains bullish on Melrose, repeating an ‘overweight217; rating and target price of 240p. “We have been waiting for Melrose to find its next acquisition and we believe the potential to improve GKN is high; even if the proposed bid for GKN does not go ahead, it illustrates the scale of management’s ambitions, and we expect Melrose to find a suitable alternative in time,” Barclays said. However, key concerns about the deal include GKN’s pension scheme and business cycles in aerospace and automotive. GKN has said the proposed takeover would weaken its pension scheme but Melrose has said it has a track record of safeguarding and improving pensioners’ rights in every acquisition it has made. “We update our analysis of the GKN’s pension scheme and believe that situation looks quite manageable and Melrose’s assumptions appear conservative,” said Barclays. “Given Melrose’s potential period of ownership, we believe it is difficult to second guess the possible impact of business cycles on its ownership of assets.” Barclays said absent of some potential near-term risks, it continues to see long-term value in Melrose’s shares regardless of its bid for GKN. The bank believes Melrose can achieve a 2.0x equity return and 340p share price based on the current formal offer terms if it delivers a 360 basis points operating margin improvement to 11.3%.
sogoesit: Ok, thanks. I work out the theoretical ex-new issue share price of MRO will then be about 266p based on current GKN share price of 434p and MRO share price of 232p with MRO creating and issuing 2,559million new shares. Current MRO share price discount is 14.5%.... theoretically.
meanwhile: Most indications are now for a GKN deal at, or arounmd, the current offer. So where do the shares go from here? The MRO final results, usually early March, will be more important than ever, since they will show not only what MRO have done for Nortek, but will indicate what the same treatment can do for GKN. We must bear in mind, of course, that a substantial improvement at GKN is already in the MRO price (the premium offered to GKN). In addition, disgruntled GKN shareholders may ditch their new MRO shares, to put their money, for sentimental reasons, into some other over-the hill outfit. This could hit the MRO price short-term. However, I sense that the March results will exceed expectations for Nortek, and thereby boost further the promise for GKN. I see a good rise in prospect. Of course, I could be completely wrong, but have I been wrong in the past?
brexitplus: Yes, gkn will move with the mro share price. Without anyone else, such as Carlyle coming in the market seems to think this Melrose will own gkn. Lots of Melrose punches and short positions being undone.
meanwhile: Look at the share price graphs for MRO & GKN, just for this week. Compare with the graph for the FTSE100 or FTSE250. Some call these graphs 'charts'. The market thinks they are now the same investment.
grevis: Melrose Industries went hostile in its £7.4bn takeover offer for engineering group GKN after meeting with the target's shareholders. GKN shareholders would be offered 1.49 new Melrose Shares and 81p in cash for each GKN share. The offer now valued the shares at 430.1p, up from a previous value of 405p, Melrose said "Since our approach was announced, the Melrose share price has risen as the market digests the attractive opportunity our proposal represents," Melrose chief executive Simon Peckham said. "As a result the implied premium has grown from approximately 24% to approximately 32% since our approach." "However, the real value uplift will come from merging the interests of the two sets of shareholders and creating a business valued at approximately £11 billion today, of which GKN holders will own the majority, including Nortek, our US business which is trading strongly."
meanwhile: I have a question relating to a particular scenario, an increasingly likely one. For the purposes of this question, I am proposing the scenario of an offer of around 460p (some competent observers have suggested this figure) being accepted by GKN shareholders and the offer terms are as the current 80% MRO shares, 20% cash. 92p cash, 368p in MRO shares. Does anyone have any thoughts or predictions of where the MRO price will go from here in the short term, that is in the period running up to acceptance of such a Melrose offer and new MRO shares being issued.? In such a scenario The GKN price will now most likely creep up steadily to around the 460p expected to be offered. Forget other bidders. But what about the MRO price. I think this is a tricky one. The higher the MRO price goes, the less new shares will need to be issued to GKN shareholders to cover their 368p and each new share will have more of the total business. For MRO holders, this would seem to be a driver for the MRO price to be urged to rise, by whatever means. On the other hand GKN shareholders would benefit from a fall in the MRO price because they will then get more new MRO shares for their 368p. Any thoughts on what/who will drive the MRO price?
meanwhile: MRO almost at 360p now. The rise, not spectacular, seems almost relentless. So why the rise and how far could it go? It's unlikely to be Brush; so it's likely to be speculation around the next acquisition. This itself is hardly a revelation, but you may wish to read on. An understanding of Logic is required. I've followed MRO for over 10 years and they have made me some money. I've no wish to drive up the share price now, (because I'll be keeping my shares well into the future), but I am pleased to share my positive view of possible future moves in the price, based on my experience with MRO. MRO's past acquisitions have invariably been a great success. The higher market has been slow to acknowledge this but I believe it's happening now. Their acquisitions, for which they paid market price (or sometimes seen as a little above), are now seen as having been cheap, at least to MRO. Cheap because of the potential for MRO to transform each business and, of course to MRO, they were always cheap. The next acquisition, if viewed in the same light as past acquisitions, I expect will now be seen by the market as a cheap deal for MRO. And it could be a big one. The current capitalisation of £500M might need to add £3B, possibly more. It could be financed in a variety of ways but a big rights issue is expected to be part of it. We could see, just as a guess, an offer of 3 new shares at £3 for each old share currently held. This could raise almost half the £3B. The rest could come from a placing. Now the main factor affecting the old MRO price at that point, is what the market saw that £3 raised being worth, when in MRO's hands and paying towards the acquisition. They could see it as a mediocre deal and see the £3 as still valued at £3, or even less if they saw it as a bad deal. But they could see it as a great deal for MRO, and see the £3 as being (in its new home) being worth £3.50p (50p premium) or more. Before the new shares were traded, that premium would go on the old shares, because they would carry the option to buy shares (re-valued at £3.50) for £3. At 3 for 1, the premium would be 3x 50p = £1.50 total. So where would the old shares trade then? My guess is that the next acquisition will be seen more widely by the market as a great deal for MRO.
Melrose share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20180217 23:37:35