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MRO Melrose Industries Plc

635.80
8.60 (1.37%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Melrose Industries Plc LSE:MRO London Ordinary Share GB00BNGDN821 ORD 160/7P
  Price Change % Change Share Price Shares Traded Last Trade
  8.60 1.37% 635.80 4,608,067 16:35:29
Bid Price Offer Price High Price Low Price Open Price
635.60 635.80 635.60 627.00 631.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 4.93B -1.02B -0.7540 -8.43 8.59B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:01 O 176,657 633.345 GBX

Melrose Industries (MRO) Latest News (3)

Melrose Industries (MRO) Discussions and Chat

Melrose Industries Forums and Chat

Date Time Title Posts
10/4/202419:06Melrose PLC with Charts and News12,287
28/5/202016:03Melrose - only company related97
15/4/201821:13Melrose Industries48
21/2/201810:24MelroseGKN7
15/2/201709:06rights issue28

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Melrose Industries (MRO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:45:03633.35176,6571,118,848.28O
17:10:43632.7910,03963,526.19O
17:10:43632.0650316.03O
17:10:43633.538,38953,146.41O
17:10:34634.576,95144,108.96O

Melrose Industries (MRO) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Melrose Industries Daily Update
Melrose Industries Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker MRO. The last closing price for Melrose Industries was 627.20p.
Melrose Industries currently has 1,351,475,321 shares in issue. The market capitalisation of Melrose Industries is £8,589,977,140.
Melrose Industries has a price to earnings ratio (PE ratio) of -8.43.
This morning MRO shares opened at 631.20p
Posted at 10/4/2024 10:34 by gettingrichslow
I just think it’s pointless trying to make any sense of day to day movements. The share price moves up on no news releases, presumably as buyers outweigh sellers, and then sometimes the reverse happens, as was presumably the case yesterday. All I care about is that the price is higher in a few years time than it is now. There are umpteen possible reasons for why a few big sellers appeared yesterday and it’s fairly pointless trying to speculate because you’ll never really know.
Posted at 14/3/2024 13:17 by gettingrichslow
Yertiz, if you take a look at Louis’s previous posts you’ll see it’s our old ‘friend’ Minerve! Lots of ROFLMAOs, guffaws and Brexit references give it away within 30 seconds of reading them! Plus all the old claims of ‘being successful’ blah blah. All of which we exposed as delusional all those years ago! From memory he was very bitter and twisted when we were making a killing on MRO circa 2016-2018, and then got very upset when the GKN takeover was happening. He also makes it clear here that he is not a multi-millionaire as he constantly claimed for years, because he seems to think that anyone who can max out their ISA is ‘privileged217; rather than just hard-working and reasonably well paid. I did explain to him years ago that salaries >£150k in the City are not only typical nowadays but often actually considered very low by those earning salaries with one or even two extra noughts on the end!
Posted at 13/3/2024 12:01 by yertiz
Someone has touched a nerve. Business is business. If Melrose hadn't moved in with their hostile bid for GKN, it was highly likely another co would have done and probably with less scruples and foresight MRO has shown.As it stands, the slightly more streamlined, honed and credible business GKN/MRO now provides is a good thing, moving with the times rather than languishing in the 20th Century with the inefficiencies that brought. Dowlais is still a relatively new company still finding it's feet and position, but like all manufacturers and engineers, subject to the many woes of our economy post COVID, credit crunch and our ineffectively actioned Brexit. Does investing in Melrose mean we have no values? Really??
Posted at 08/3/2024 22:13 by gettingrichslow
Louis, don’t agree with your characterisation of what’s happened with GKN - GKN was steadily on the decline and the trajectory it was on would have eventually led to bad outcomes for its employees and the areas in which the sites are based. MRO have turned that around, and in the long run that will result in better outcomes for the ex-GKN employees as well as shareholders on both sides. It’s a dog eat dog world and only the fittest survive. The people you’re concerned about are better off now than they would’ve been.
Posted at 07/3/2024 10:51 by yertiz
Very long term holder here. Previous ethos of MRO was to 'buy, improve then sell' usually with a great profit and returns to shareholders. I've lost track of how much Melrose has made for me over 23 years, but it must run into many thousands of £££'s. Just now wondering if there has been a major shift in the co's modus operandi and are now content in holding on to the remains of GKN? Dowlais seem to have hit the buffers, not making much headway, sadly.
Posted at 21/4/2023 12:23 by typo56
For CGT, you should use the closing prices on the first day of trading following demerger and apportion the acquisition cost of your original MRO shares accordingly.

In this case it's quite simple, as there are the same number of MRO shares as DWL shares so the numbers are:-

MRO 413.45
DWL 117.20

Therefore:

413.45/530.65 (77.91%) of your original acquisition cost should be apportioned to your MRO shares

117.20/530.65 (22.09%) of your original acquisition cost should be apportioned to your DWL shares

At least, that's my understanding. Much the same as steeplejack's result but by the HMRC method.


Example
You originally bought 3,000 shares MRO shares at 110p per share (net of dealer costs and stamp duty)

The original acquisition cost is therefore £3300.

You now have 1,000 MRO shares with an acquisition cost of 3300*413.45/530.65 = £2571.16 or 257.126p per share.

Plus 1,000 DWL shares with an acquisition cost of 3300*117.20/530.65 = £728.84 or 72.884p per share.

(if you've done the sums correctly you should find you have the same % profit at close last night on your MRO and DWL shares, 62.2% in this case)
Posted at 08/9/2022 10:25 by 1justine
With the dismal MRO share price performance since the GKN acquisition the issue is less about what the Directors are worth in pay than whether they should keep their jobs at all. I'm sure the heavyweight non Execs will be considering this as a matter of urgency (not).
Posted at 28/3/2022 20:50 by essentialinvestor
Would need to pay a minimum of £12-14 bn to get hold of RR, with debt on top,
Melrose not in that league, particularly with the MRO share price near current levels.
Posted at 01/6/2021 12:26 by essentialinvestor
Possibility they may bid for Senior?, this is speculation on my part
and I hold both.

It may add to the usual MRO share price volatility.
Posted at 20/4/2021 13:48 by essentialinvestor
That's incorrect, on two fronts - well dependent how you define lots of debt post disposal funds.

1.78 my highest recent sell prices, I've now added 80% of those back.
Missed the 1.81 plus yesterday morning unfortunately.

MRO share price fiercely volatile atm with the pandemic backdrop and their sector exposure.
Even pre pandemic it was usually a stock that got clobbered on risk off sentiment.
Melrose Industries share price data is direct from the London Stock Exchange

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