Melrose Industries Dividends - MRO

Melrose Industries Dividends - MRO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Melrose Industries Plc MRO London Ordinary Share GB00BZ1G4322 ORDS 48/7P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
4.00 4.57% 91.50 91.80 105.80 96.80 87.50 16:35:09
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Industry Sector

Melrose Industries MRO Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

investor2018: getting rich- this RNS was posted at 1625 , by which time the share price was already 18% down. This would suggest to me that the dividend cut has already been priced in and is widely expected by the market, hence the big fall of late. Technically we are at a very important support level. For me, the risk/rewards from here are too good. I'm long. Probably a tree shake first thing.
tournesol: Meanwhile £3 by Christmas Share price or market cap?
meanwhile: getting, I'm ready to give up with you. I will have one last try. An investor buys 100 MRO shares at 240p in 2015. A 12 for 1 rights issue at 95p is announced in 2016 to buy Nortek. His 100 shares rise to £8 each on the news. He sells 60 of these, raising £480, to buy the rights on the 40 he still holds, that is 480 (12x40) new shares at 95p. He has a little cash residue of £24 which he banks. When the new shares open, the MRO price is around 150p but 3 months later has climbed to £2. At this point he has 520 MRO shares value £1040 + £24 cash. Now to my mind he's made good money. He's lost a little on the 40 old shares he still holds but he's made a lot on the 60 he sold at £8 and on the 480 rights shares, now £2. This is all fairly straightforward. Sadly, You've driven me to reveal your true class, in your post of 7th January. gettingrichslow 7 Jan '20 - 08:49 - 15237 of 16811 Burford Just bought another £60k of these at 753-755. Bargain of the century.
gettingrichslow: Meanwhile, you got the new shares at 95p but to compare that number against today’s share price isn’t a like for like comparison, because you haven’t factored in the value dilution on the existing shares you held as a result of the increase in the overall number of shares following the rights issue. I’ve given you a worked example before because I know you find the maths a little tricky, but I’m happy to give you another worked example if that helps?
meanwhile: I'm in need of some guidance here. With Melrose shares fairly buoyant, results due next month and with recent talk of disposals, there could be a price surge coming quite soon. Enough perhaps to merit the eagerly-awaited 'Wallet Photo Update'. Now while we have Grahamburn's new thread, with access permitted only to sensible people, like Times readers etc., and confined to 'Melrose related' posts, we also have the old thread, now the medium for fools, idiots, stupid posts, for gossip, sport, boring Melrose stuff, and the completely irrelevant. My question is : Since the size of the featured wallet relies so heavily on Melrose share price, is a 'My Wallet' photo sufficiently 'Melrose related' to warrant inclusion on the upper, more sophisticated and higher level thread,
sliotar: MRO's relationship between share price movement and trading volume is interesting. Yesterday a 3% price hike was on far less than average volume. In previous days we have had no material price change on 4 or 5 times average trading volume. All in similar total market environments. Covering shorts isn't a factor and the Share Register seems to stay constant. Market makers may see it as a stock where they can run the price up /down to tempt business, but this seems unlikely as the ownership is very Institution dominated. Maybe one of the new charts could show the answer.
sliotar: bigalan3 - No doubt disposals/ distributions to shareholders are discounted in the MRO price. To change the emphasis without rocking the boat would need careful and managed communication with the Market (and a strengthening of engineering/international representation on the Board).
meanwhile: Turvart, Your question "what did MRO have to offer before they bid for GKN?" I can't communicate with someone like you. To answer your question, you'll have to look at the Melrose Website, Company History and find a share price chart for the period from the Company's setup in 2003 to 2018, before GKN.
meanwhile: If a sale of Nortek were to proceed, at the Bloomberg indicated figure of $3B, this would provide 60c (around 45p) per share, to either pay off debt, return to shareholders, or a bit of both. If past practice is followed, a good proportion would be returned to shareholders, especially as debt isn't too burdensome. With half a dozen engineering businesses to eventually separate out and sell off, the price this first one goes for may help to re-assess target sale prices for the rest. The failures to sell Powder Tech. and Ergotron at good prices last year had rather depressed these expectations. A sales figure for Nortek could have a big effect on the MRO share price, in either direction.
sliotar: The MRO share price seems to be levelling out close to its price 2 years ago but still below the 232p trigger level where the boys on the Board will start to earn on their current LTIP. In a favourable environment they seem to be struggling with value creating disposals. So in everyone's interest the Directors should consider following Walgreen Boots and team up with KKR or one the other real private equity players and take MRO private. The 10 Billion MRO market cap is bite sized compared with the 60 - 70 billion for Walgreen. With the new private structure and the experts from KKR alongside them the MRO boys could earn some real money and make 42 million bonuses look like small change. Assuming a 50% acquisition premium even those MRO shareholders who came in with GKN would show a return. Oh! And we might even see £3 by Christmas.
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