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 Shares Traded Last Trade
  +4.50p +2.11% 217.80p 2,170,671 10:58:43
Bid Price Offer Price High Price Low Price Open Price
217.80p 217.90p 218.80p 214.30p 214.30p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 2,092.20 -27.60 -1.20 10,581.3

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Date Time Title Posts
16/8/201810:39Melrose PLC with Charts and News5,098
15/4/201821:13Melrose Industries48
15/2/201709:06rights issue28

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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 213.30p.
Melrose Industries has a 4 week average price of 208.50p and a 12 week average price of 204.80p.
The 1 year high share price is 248.80p while the 1 year low share price is currently 194.70p.
There are currently 4,858,254,963 shares in issue and the average daily traded volume is 7,186,652 shares. The market capitalisation of Melrose Industries is £10,586,137,564.38.
grahamburn: Brexit MRO share price has been taking a breather recently after a reasonable rise and has also been affected by the general market volatility (amply illustrated by today's reversal of yesterday's fall). Your third point is undoubtedly correct. It occurred to me yesterday when the negative car industry "mood" was in the air, not to mention the difficulties within the aerospace industry in the past week that I would have taken more note of it when I held GKN as a standalone business. Now GKN has been absorbed into my holding in Melrose it's easy to forget the latter is now subject to many more "market influences/sentiment" than it was prior to the takeover. Nothing unusual in that - one just has to accept that with conglomerates (and remember that).
meanwhile: MRO Share Price Performance (Figures from Hargreaves Lansdowne) 1 week 0.82% 1 month 1.3% 3 months 3.08% 6 months 7.77% 1 year 1.19% 2 years 214.64% 3 years 365.26% 5 years 384.46% Past performance is not an indication of future performance.
gettingrichslow: Meanwhile, those predictions are similar to what I'm thinking. In terms of MRO share price, I think the best outcome might now be one where the GKN bid 'fails' and they go for a different but similar size 'big fish'. The market will have now properly woken up to the scale of ambition of MRO and will to some extent price that in before any new bid in (dare I say it) 'expectation/hope' that one manifests. All sale proceeds from Nortek then come to MRO too. It is the GKN share price that is most at risk of sinking I reckon.
bscuit: Meanwhile, The inference behind your comment is that the MRO share price rose because of the possibility the offer might be pulled/field and yet the current share price is well above the level at which it was prior to the announcement of the bid. I am not conscious of any significant use on the Nortek front and the market is down over the same period, which makes arise as a result of failure/withdrawal look very odd?
meanwhile: topvest, I hope you don't mind me seeming abrupt but we don't need 'some fairly sizeable quick wins', we need some considerable progress across all the businesses, measured in numbers. Now, I must say I do feel better after looking at the current numbers and valuations, and prospects for improvement. In my earlier mail I talked about a total worth (market valuation) of all the businesses of £19.05B, to get the MRO share price to a market valuation of £3 per share. So here's a rough estimate of all the business values. Leaving out Brush, small anyway, current MRO are valued at £4B, so the Nortek business must be currently valued around £5B, considering MRO current debt. Dana just offered £4.4B for Driveline, so £5B here shouldn't be hard to achieve. So we've aready got £10B. Current profits at Aerospace of over £300M suggest it could be improved to provide another £5B. We've got the other bits of GKN left, Powder etc. I think I read that powder could be worth £2.5B so we're almost at my £19B to make for new MRO at £3 per share. Please correct me if I'm wrong anywhere.
meanwhile: graham, The MRO share price also has the next dividend in the price, 2.8p ex div 5.4.2018.
meanwhile: Vince Cable's imaginery friend & stooge is back I see, swearing and ranting as usual. These men of conscience are always so despairing and miserable. It reminds me of Woody Allen's quote, which I think he made at a jazz concert in Pontypridd, :“There are two types of people in this world, good and bad. The good sleep better, but the bad seem to enjoy the waking hours much more.” I suppose Monivera sleeps well, but has miserable days. MRO. It seems that these results have given MRO shares a bit of a boost, and raisied the bid price a little, but it happened last Wednesday & Thursday, presumably when the important people learnt the results, before the small investors did. I had hoped for a bit more, but it may yet come, although not today by the looks of it. GKN aside, the problem with current MRO shares is that a doubling of Nortek profits has long been in the price, most coming with announcement of the rights issue in 2016. So today's results, however good, are already taken. If the GKN bid is successful, and I expect a doubling of GKN value would then be forseen (although perhaps over 3-5 years in this case), the question is at what point, or points, would we see this expectation reflected in the MRO share price. Monovere, please don't comment.
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!
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: 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?
Melrose share price data is direct from the London Stock Exchange
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