Melrose Industries Share Discussion Threads

[mayers] 27/4/2018 21:09

"Just a bit of Friday afternoon fun" (Brexit+).
Do any of these office or former office lay-abouts have any idea what Friday afternoons are like in the public services and in particular the NHS. I suspect not as their insensitivity in the whole of this despicable saga is only too apparent. Minerve is right that investment is not just about a cheap buck but a wider contest of social, and if you don't like that term, countrywide support. Nothing that has been said over the past 2 months has altered my opinion of 2280.

[gettingrichslow] 27/4/2018 20:55

Thanks tournesol, I see what you're saying but the blurb of these ETFs tends to say their aim is to track the price of crude which comes across (to me and others I've spoken to) as meaning the spot price rather than meaning some unstated 'present value' of prices in the future. But I don't see a better explanation...

[tournesol] 27/4/2018 20:31

Gettingrich

It's because the spot price of oil is just a snapshot at a moment in time. Long term contracts reflect expectations of the price over a much longer period.

Imagine you have a contract to deliver a product over the next 5 years. It's value is not based on the momentary price at any given instant but rather on the expected cumulative cost over the whole period.

[meanwhile] 27/4/2018 20:03

Minerve, is the answer 248 pence?

[gettingrichslow] 27/4/2018 18:38

Does anyone on here know why crude oil ETFs seem to bear so little correlation with the price of crude oil?

[brexitplus] 27/4/2018 16:35

Minerve

Sorry, compression and frequency analysis was never one of my strongpoints. Never needed it.

Better ask your numbers chum.

[minerve] 27/4/2018 16:10

Monkey nuts for compound interest rate calculations.

Next challenge, compute a 2D Discrete Cosine Transform on the following matrix:

11111
13331
13931
13331
11111

[minerve] 27/4/2018 16:10

Monkey nuts for compound interest rate calculations.

Next challenge, compute a 2D Discrete Cosine Transform on the following matrix:

11111
13331
13931
13331
11111

[brexitplus] 27/4/2018 15:45

Eipgam

The Ergotron story was only in the Times and didn’t run. Of course Melrose later stated they had put it up for sale. Probably a sweetener. It isn’t a close fit with the rest of Nortek and probably hasn’t been developed as much as the rest of Nortek. It’s figures were stated as a bit behind expected as the new warehousing had delayed the despatch some orders. Interesting to see where it is going.

Times 18th Feb

“Melrose Industries is expected to confirm plans to sell off its Ergotron division, which is expected to raise about £1bn. The sale is being handled by advisers from Credit Suisse and proceeds are expected to be handed back to investors.”

Melrose Plc Annual Report 20th Feb

“Already a high margin business on acquisition, Melrose has supported Ergotron's expansion projects such as the growth in e-commerce and in the European and Asia Pacific markets, while restructuring its US production facility along with further development of Ergotron's market leading 'WorkFit' and medical cart products.”

Re the rest, just a bit of Friday afternoon fun.

[eipgam] 27/4/2018 15:35

Some people on here need to get a private room... it's kind of embarrassing to watch the backbiting and pillowbiting going on here!

Interesting days for MRO... part of the way through the recent process, there was a 'leak' about Nortek selling an office furniture subsiduary. At the time, I thought it was a planted story in order to enhance the MRO case. Has anyone one seen an update?

I'm not a direct holder anymore, but do hold through via fund holdings.

[brexitplus] 27/4/2018 15:35

Yertiz, aren’t you there already? Better start on the monkey nuts!!!!

Pity the markets aren’t open every day, except Christmas and Easter days of course. It would be 3704%, take or leave a percent. I’m going to have to get a bigger abacus!!!!

[yertiz] 27/4/2018 15:32

Let's hope - this time next year we'll all be millionaires!

[brexitplus] 27/4/2018 15:29

Yertiz

You got there before me.

I got my own abacus out, and even with my own low IQ I calculate the figure to be 1329%. My abacus doesn’t do decimals. Even better.

Moral - never knock 1%

[yertiz] 27/4/2018 15:29

I see the numbers appearing in a range of 0,1,2,3,4,5,6,7,8 and of course, 9, plus any combination of the above with an average about 4.5, unless you have compounded, added to or incrementally increased the original value, unless the starting point was 0.

Where do the monkey nuts fit in?

And MW, barking rather than barmy, I think?

Compounding interest of 1% per day for 260 days (without weekends added) gives a rate of 1328% - a bit like Provident Financial's APR.

[brexitplus] 27/4/2018 15:22

Yertiz, of course you are correct. My low IQ and the lack of monkey nuts in my diet are obviously against me.

On average, with a speculative range thrown in, how do you see the numbers?

[brexitplus] 27/4/2018 15:19

Airbus has problems of its own but an opportunity for GKN.

Supply and delivery problems affecting its smaller airlines have clobbered Airbus in the first three months of the year, resulting in what analysts called a "grisly" quarter.

The manufacturing giant handed over 121 aircraft during the three months - 15 fewer than last time around - due to problems related to advanced engines for its best-selling A320neo small airliner.

Sales dipped 11.6pc to €10.2bn (£8.9bn) while profit was a third lower at €283m in the three months.

“The financial performance reflects the shortage of A320neo engines and backloaded aircraft deliveries,” said Tom Enders, chief executive.

Problems with new engines built by Pratt & Whitney and CFM for the A320neo mean that there is a shortage of jets to bolt onto planes. As a result engineless A320neos are dotted around the airfield at the company’s Toulouse headquarters.

The engine manufacturers are ironing out the problems - related to seals in Pratt & Whitney’s case, and the turbine with CFM - but the delays with the jets have weighed heavily on Airbus.

“It’s a challenging situation for all, but based on the confidence expressed by the engine makers and their ability to deliver on commitments, we can confirm our full-year outlook,” Mr Enders said.

He added that Airbus and its engine suppliers were “committedR21; to the company delivering 800 airliners in the full year, but noted that this “leaves a lot to do in the second half”.

Airbus has begun a feasibility study with its supply chain to see if a higher production rate of A320s can be managed, taking it from the current 55 per month to a new target of 63 by next year, up from the existing goal of 60. The A320 are designed to use about 15pc less fuel than their peers.

Deliveries of the company’s latest jet, the A350, accelerated during the quarter and Airbus now aims to build 10 per month by the year-end, and is focusing on reducing costs as the programme gets into gear.

Airbus' helicopter deliveries declined during the quarter, dropping 26 to 52.

The company also confirmed the troubled A400M aircraft would have production slowed to eight per year by 2020, down from the current rate of 15 per year.

Jefferies analyst Sandy Morris said: “We knew the first quarter was going to be grisly - and it is.”

Airbus shares rose 1pc to €96.43.

[yertiz] 27/4/2018 15:18

If you are compounding the interest, then no, the answer is far, far greater than 260% - perhaps Meanwhile would like to counter the argument and throw in an average or two?

[meanwhile] 27/4/2018 15:08

Hey!, yertiz, Are you putting it around that I'm barmy?

[meanwhile] 27/4/2018 15:00

Getting to know you,
Putting it my way,
But nicely,
You are precisely,
My cup of tea.

[brexitplus] 27/4/2018 14:57

1% a day for 260 days will do me. Is my calculation correct. Is that 260%? Can the walking abacus check that for me?

Yes, Yertiz, sooooooo touchy. Lots of pity from me. Particularly for Mrs minerve, if there is one. Obviously likes monkey nuts.

[yertiz] 27/4/2018 14:46

Nor am I. At least for me to achieve 3 figures doesn't involve a decimal point! Some on here are soooo touchy - smacks of lack of self esteem and low confidence, hence the pity.

Onwards and hopefully upwards.

[minerve] 27/4/2018 14:43

WOW 1% OMG!

Of course nothing to do with Cable, everything to do with The 3 Amigos.

[brexitplus] 27/4/2018 14:38

Yertiz

Amazing how someone here thinks others who disagrees with him have low IQs. Not boasting about my IQ but definitely touched a nerve.

Yes share price going up. To quote someone here “Oh dear!!!”

[minerve] 27/4/2018 14:32

Haven't seen anyone boasting about their IQ today, have you?

I have seen someone who is showing a low IQ by believing that is the case!

Throw him the monkey nut will you!

LOL

[yertiz] 27/4/2018 14:24

Stephen Hawking: "People who boast about their I.Q are losers". I tend to agree - having known a few whose I.Q is 140+ but they haven't the first idea how to apply their genius.

Another nice tick up today. Happy Friday everyone!