Melrose Industries Share Discussion Threads

[minerve] 03/5/2018 14:50

I am no Marxist brexitplus. If I was a Marxist I would hardly be reading books on day trading!

I just think modern-day capitalism needs a greater moral backbone and needs more socialism and restriction.

Put-it-this-way, if we don't start to control the beast and make it our agent rather than it making us its servant you will see Marxists taking control.

[brexitplus] 03/5/2018 14:42

Minerve the Marxist.

Suggest you sell your house, cash in your assets and give them to the government to spend for you. Sure you can manage on a state pension!!

[minerve] 03/5/2018 14:39

"Of course you could just print money and get hyper inflation and extreme poverty for everyone!!"

We have just printed a ton of money - it was called QE.

Didn't seem to have any problems finding £10Bn for the HTB scheme.
Didn't seem to have any problems finding a £1Bn bung for the Irish.

[minerve] 03/5/2018 14:31

brexitplus

NHS is the biggest employer in the UK. I don't see a unique entrepreneur there that we 'ever so need' to create NHS jobs.

Jobs are created where there is demand, not where there are entrepreneurs!

Modern day entrepreneurs are only creating false demand for stuff we don't need!

The real wealth creation happens way down the remuneration scale by everyday scientists, engineers and in universities.

We don't need Bransons, Dysons, Musks and Melrose executives to create wealth and generate jobs. If anything they are wealth destructors. They are only shifting wealth from one area to another and from the many to the few.

[brexitplus] 03/5/2018 14:22

Looking at it the other way round, without entrepreneurs building businesses, there would be no jobs and no taxes to pay benefits, etc.

Perhaps the Lib/Lab money tree would solve the problems. But of course that means borrowing billions, and who agrees to provide the billions but highly paid executives of the banks. Of course you could just print money and get hyper inflation and extreme poverty for everyone!!!

[minerve] 03/5/2018 14:21

"Doesn't that 30% from 10% figure just indicate the unfairness that Minerve was suggesting?"

Exactly MEANWHILE. Good point.

[minerve] 03/5/2018 14:19

I am obviously not alone in my beliefs because executives are coming under fire in many companies for being over-remunerated.

If you knew anything about many of these businesses you would know that remunerations are based most often on earnings targets and earnings is an extremely easy company yardstick to fiddle in the days of cheap finance and modern accounting.

[minerve] 03/5/2018 14:15

grahamburn

How do you think the top 10% earners become top 10% earners?

Well, _maybe_ it's because our crony system allows them to get into positions where they fleece the rest of society for over-priced products and services AND
_maybe_ it's because our crony system allows them to get into positions where they can also over exploit available human labour!

Without the rest of society that top 10% of yours - that you rate so highly - would be worth zip because they would have no one to work for them and no one buying their products and services!

Privatise profits, socialise costs and losses. Same old story.

Please think a little deeper will you? :)

[brexitplus] 03/5/2018 14:12

I think the Melrose trading update to 31st March is due any time now.

[meanwhile] 03/5/2018 14:08

Graham,


Doesn't that 30% from 10% figure just indicate the unfairness that Minerve was suggesting?

[brexitplus] 03/5/2018 14:05

Graham, totally agree. I do wonder if minerve has offshore accounts.

Also, this “money” is in shares which the directors hardly ever touch. Should they not perform their wealth would fall dramatically. Anyway, since Minerve has no Melrose shares I’m not sure why he is worried.

[brexitplus] 03/5/2018 14:02

Losos

The annual report is excellent. Givesgreat detail on Nortek. Like you I have a nominee account so generally read the report on my iPad. But this year I really wanted a hard copy so rang for one. There is no contact email.

[grahamburn] 03/5/2018 14:00

I wonder where around 30% of income tax revenues come from, Minerve.

OK, I'll tell you.... it's the top 10% of earners.

Without them (and their "bonuses"), there would be even less money to pay for.... insert whatever your favourite public spending may be.

[minerve] 03/5/2018 11:40

This 'green eyed envy' talk is nonsense and very childish. I wouldn't expect anything else from you though Losos. I find you a very shallow and childish individual.

Many of us who find bonuses and remuneration of this sort distasteful actually have comfortable lifestyles. We find it difficult to reconcile children being refused cancer drugs to save £500K / year (one example) and in the same society three people receiving £47M each for not really doing anything spectacular. Their formula is repeated many times over by hundreds of individuals who also receive unwarranted remuneration.

It is all linked although I am aware individuals like you will be in denial and ignorant. That is why people like you, and Tory party members, are a dying breed. Another decade and your sort will be history.

I take great warmth in that fact. :)

[losos] 03/5/2018 11:09

B+ - "I really don’t care what they receive as long as the performance stays top notch and the share price reflects it."

Yes, completely agree, one has to ask if the questions raised about executive pay are often just green eyed envy which is a characteristic of far too many humans.

I received my MRO shares (from GKN takeover) this week, added to my very modest original holding, now have to look for an opportunity to top up, from then on just have to watch the share price

My holding is in a nominee account so I had best ring MRO and ask for a copy of the report. I don't usually have these sent to me but I suspect it will be interesting reading.

[brexitplus] 03/5/2018 09:04

I tend to agree with Melrose. Got my excellent annual report yesterday and the bonus appears to be totally related to performance.

I really don’t care what they receive as long as the performance stays top notch and the share price reflects it.

[gettingrichslow] 03/5/2018 07:58

City AM: 'Melrose loses proxy backing over executives' pay of £42m-plus each'

Shareholder proxy firm Glass Lewis has advised investors to vote down excessive compensation at Melrose. "We find the contention that the remuneration via LTIP is not linked to company performance completely bizarre" said Melrose.

[gettingrichslow] 01/5/2018 18:59

Yertiz, never gone for Plus500 but I have a decent sized investment in IG. Massive opportunity in late 2016 on the regulatory fears. IG are another company that just keep delivering year after year. Not in Halma's league but not far off. Also pay big dividend. Now my 11th biggest holding.

[brexitplus] 01/5/2018 10:35

Yertiz, Senior market cap £1.25 billion. Too big for Stirling first off. But a good fit for Melrose/GKN.

[yertiz] 01/5/2018 10:26

Could Senior be a good fit for Stirling too? They are on the lookout for their first deal, with the support of Melrose people and applying the same managerial protocols to the business without having to expand the current GKN empire, this could work? Or perhaps this is too big a fish for Stirling to fry as a first step.

With regards to day trading, CFDs, Crypto and the like - I found the best way so far to be involved is to buy into Plus 500. Fantastic set of results today, but still a way to go to catch up to its nearest competitor, IGG. And the divi isn't to be sneezed at either!

[brexitplus] 01/5/2018 10:24

Deutsche Bank upgrade Melrose 220 to 275p.

Proactive Inverstor - Melrose Industries plc (LON:MRO) was upgraded by Deutsche Bank on Tuesday following the turnaround specialist’s hostile takeover of engineer GKN PLC (LON:GKN).

Deutsche Bank raised its rating on the stock to ‘buy’ from ‘hold’ and raised its target price to 275p from 227p.

“We have long seen the scope for margin & cash improvement at GKN, with this potential comprehensively exposed by GKN in its defence,” said Deutsche Bank.

“We expect Melrose to adopt the best initiatives of (Project) Boost (GKN’s turnaround plan) and develop more as part of its strategy to deliver margin expansion.”

From the US-


Analysts await Melrose Industries PLC (LON:MRO) to report earnings on May, 2 after the close. They expect $0.13 earnings per share, up 285.71 % or $0.20 from last year’s $-0.07 per share. MRO’s profit will be $2.52M for 440.77 P/E if the $0.13 EPS becomes a reality. After $0.07 actual earnings per share reported by Melrose Industries PLC for the previous quarter, Wall Street now forecasts 85.71 % EPS growth.

[brexitplus] 01/5/2018 10:13

Thanks Ian. I am only looking to run dummy trading. Useful to have experienced people on the board.

Melrose is a really interesting company. I’ve read all the reports from 2003, presentations and articles, plus history of Wassall Plc, the director’s previous vehicle. Strikes me as the way to run engineering/manufacturing companies, short term or not.

I also asked the question about Senior as it is in both Aero and Auto and has composite experience. A good fit.

[ian davenport] 01/5/2018 10:04

Hi guys - new to Melrose as Ive just taken the shares from my GKN holding. Re the day trading question, i came to this after taking redundancy, I'd spent much of the previous 20 years as an interbank FX trader which is "day trading" on steroids. I started trying to combine investing with day trading ( usually in Rio and BHP as they were the movers in the late 2000s ).I made a bit, but over time realised the day trading is much much harder work for limited rewards, and so more or less gave up 5 or more years ago and now concentrate on investing . It's fun to try, but even with my background knew I was, as someone referred to it, fodder - picking up pennies in front of a steamroller was an analogy I quite liked. If you try it, stick to indexes or fx as the spread is the killer- pre crash stock spreads on the Spreadbet firms used to be much tighter - they spread out and mysteriously never tightened again.