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 Last Trade
0.65 0.36% 182.60 11:33:12
Open Price Low Price High Price Close Price Previous Close
182.00 180.90 184.30 181.95
more quote information »
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

yertiz: Wishing those still invested in MRO a Merry Christmas and a safe and profitable 2021. Been in and out this year with marked success and with a Christmas bonus to boot. Have a good one, cheers.
ali47fish: i thought mro is a shre where the gains come from sales of projects - why are pople selling out? and isn/t there an update tomorrow!
kanwar: I expected more from MRO today..
our haven: No dividend as expected but good reduction in debt and cash building. Surely dividend will be reinstated in six months time provided another lockdown has been avoided.
essentialinvestor: The primary issue with AA is and has always been, the net debt. PE geared up the balance sheet and sold the business. It's a well worn path. The business itself is arguably solid, but they were hugely hampered by their borrowings. It increased operational gearing of the business, meaning any revenue reduction would have a disproportionate impact on the P&L. Bodycoate gives exposure to the same markets MRO service, however they are an added services business(heat treatment) rather than a primary manufacturer. Unlike MRO they have both negligible net debt and pension deficit. May be worth a look sub £4. Very well run, but they are still between a rock and a hard place atm.
gettingrichslow: I’m not sure which part of what’s happened so far with MRO is something anyone should be surprised about? Let’s look back at what happened. The coronavirus story started emerging in mid-January. By mid-February it was the main news headline. It was already pretty obvious at that point that there was a really big problem brewing. Wuhan was in its lockdown, cases were popping up in ski resorts, on cruise ships etc. At this point, the share price was still c.245p!! A week later I was in a pub in London watching the news where every single item was about this virus spreading fast and engulfing Iran and Italy. I sold all my MRO the next day at between 214p and 204p. Everyone I was with that night (all experienced investors) agreed at that point that airlines and anything related would be stuffed and that this virus was clearly becoming a pandemic with disastrous consequences. So I do struggle with anyone saying this was hard to predict??
gettingrichslow: Thames, agree it’s not specific to MRO, but it’s not the whole market either. A company like MRO that’s exposed to airlines etc is bound to get hammered whereas that’s not true of Microsoft etc. On your point about the markets not noticing the world’s economy is shattered, a lot is to do with the quantitative easing and money supply. There is a clear answer though surely - buy gold. Gold was around $1,500 when this kicked off, now at $1,800 and rising fast.
thamestrader: I agree with grs to some extent, although IMHO his case isn't specific to MRO. The markets as a whole have clearly not noticed that the worlds economy is shattered, yet have rebounded towards pre-COVID levels, and are riding too high. But as long as the markets haven't noticed this, we might as well enjoy the ride, albeit sticking to some rules: - keep (at best) a very short term view on stuff which is most vulnerable (eg, MRO) - remain vigilant for when the market suddenly/eventually wakes up to reality - not being greedy when your winners keep winning without justification - (most important) not gambling more than you can afford to lose Not lecturing, I'm no better at this game than you or the next guy. Just IMHO.
gettingrichslow: Archy, yes the uncertainty is market-wide but it affects different businesses in wholly different ways. If you’re a pharmaceutical or a tech giant you might actually benefit, but companies like MRO are in about the worst sectors they could be in. Except cruise holiday companies perhaps. Unlucky for such a well run company as MRO, I agree.
brexitplus: From Motley Fool “There are only a handful of stocks in the FTSE 350 that have produced annual returns for investors of more than 25% over the past decade. One of these is the industrial group Melrose Industries (LSE: MRO). This company, which buys struggling industrial businesses is hardly the most exciting enterprise around. However, over the past few decades, the group’s strategy has generated outstanding returns for investors. The stock has produced a compound annual return of 32.3% over the past 10 years, a total return of 1,540%. That’s enough to turn an initial investment of £1,000 into £15,000. It’s highly likely this trend will continue as Melrose continues to do what it does best. Buy, build, sell Melrose was founded to fill in a vital gap in the market. Its founders noticed that quite a lot of industrial businesses are poorly managed with low returns. They set out to change this. They targeted buying poorly-managed struggling companies, nursing them to health with experience, and then selling them on. The strategy has been hugely successful, as the stock’s returns over the past decade show. The company’s latest acquisition was industrial conglomerate GKN. But this isn’t the only business in the Melrose stable. It also owns US domestic heating and air conditioning manufacturer Nortek. Acquired for $2.8bn in 2016, Melrose been working its magic on the business over the past three years. According to recent reports, the group is now looking to sell part of this business for $3bn. The rest will be sold off later in 2020. This could lock in a sizeable profit for the company’s investors. Future growth The group’s track record seems to suggest it will make a healthy profit on GKN when it comes to selling the business. In the meantime, it will have $3bn from the sale of Nortek to play with. Melrose often distributes special dividends when it completes a sale so a special dividend could be on the cards. Reinvesting the proceeds is also an option. Buying for the long term Considering its track record, Melrose looks to be an excellent long-term investment. The stock is currently dealing at a price-to-earnings ratio of 16, which is about in line with the industrial sector average. It also supports a dividend yield of 2.1%. The distribution is covered 2.7 times by earnings per share, so it looks as if it is secure for the time being. With this dividend income, investors will be paid to wait for the company to complete its turnaround of GKN. At the same time, a special dividend from the sale of Nortek or the reinvestment profits from the deal could lead to enhanced returns in the next five years or so. Whatever course management chooses to take, it looks as if shareholders are set for a big payoff over the next decade, just as they have been since 2009.”
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