Melrose Industries Share Discussion Threads

[meanwhile] 01/10/2018 11:10

If the shares fall much further we could see a takeover bid.
Chance to get a good, new management back in.

[brexitplus] 01/10/2018 11:03

This is Zimmer on AA

Minerve 10 Jul '18 - 15:26 - 519 of 531

Sold out. (SIPP)

Latest extension of debt maturity has made me decide to take my healthy profits for opportunities elsewhere.

Minerve20 Jul '18 - 14:24 - 523 of 531

Yes. And I'm back in. Looked at the activity and debt maturity and decided the risk is still on.

[meanwhile] 01/10/2018 10:57

Good Morning Minerve,

Have you noticed that getting, the brexit crutch in human form, thinks he knows when we have and haven't made share trades? "We didn't do this, we didn't sell then." How could he know this?

If he conducts his pharmaceutical research in this fashion, he'll be proposing we take Optrex for the treatment of piles.

[essentialinvestor] 01/10/2018 10:23

Over the years the BOD have timed purchases well in MRO,
silence is golden atm on that front.

[hvs] 01/10/2018 10:15

Oh yes you is very more clever.

[essentialinvestor] 01/10/2018 10:04

hvs, just to clarify, I don't own any AA!. Think my take was a tad
more subtle than yours ).

[gettingrichslow] 01/10/2018 09:56

Meanwhile, i think that makes you Diane Abbott - hopeless with numbers!

[hvs] 01/10/2018 09:54

AA is a decent enough business, Its a DOG the issue is the debt piled 9in by PRIVATE EQUITY and CITY LOVED it.

[meanwhile] 01/10/2018 09:52

Hammond's day today at the conference. He's to Mrs May like getting is to brexit+, a stooge and a crutch in human form.

After his interview this morning, we now know that not only the EU want to punish us for leaving, but Hammond and May want to punish us for giving them the job.

[meanwhile] 01/10/2018 09:47

ryelodge,

getting thinks we are the same person.

[gettingrichslow] 01/10/2018 09:46

Combining travel with visiting vineyards and wineries is about as good as it gets. Great way to spend a day doing something you enjoy with good company in an idyllic setting. Life is short...

[essentialinvestor] 01/10/2018 09:36

AA is a decent enough business, the issue is the debt.
When you buy from private equity, it's they who are usually
getting the better deal!.

[brexitplus] 01/10/2018 09:29

Thanks Tournesol

Of course not, but it will be fun.

[tournesol] 01/10/2018 09:27

B+

you don't have to go all the way to Italy to get your hands on Rosso de Montefalco.

[brexitplus] 01/10/2018 09:25

Poor Zimmer. He can’t answer that can he. Crying in his porridge methinks.

[ryelodge] 01/10/2018 09:23

Is the Model broken? Is 2 and 20 not enough incentive for these MRO guys? Has the 80+% professional Institutional shareholding dropped Sentiment based investing for the CAPM? Do they need a lawyer added to the 100% accountants and lawyers already comprising the Board? Can they handle Tier 1 Status? Questions, questions,questions -- but only discussion here is trivia.

[minerve] 01/10/2018 09:23

Serious group of envious children on this thread. Let us wait and see.

I’ve been right about Melrose so far. Much to your loss. Remember, I sold my GKN shares to you! It doesn’t put you in a position to be smug does it. ;)

[gettingrichslow] 01/10/2018 09:17

AA is a complete dog but it's good news the share price is tanking according to the man who wants to provide advice to Buffett! Hilarious. And now the AA are stitching up its staff - greedy, robbing management eh Minny? Sell in protest and in solidarity with the brothers surely? What would Vince say??

[brexitplus] 01/10/2018 09:11

Yes, I gained via Permira in SVG Capital.

Also intangibles £1.3 billion.

Plus pension deficit

All on a market cap of £582 million.

Accounts don’t look pretty.

[hvs] 01/10/2018 09:07

Private Equity took money out of AA debt is £ 2.4 bill.

[brexitplus] 01/10/2018 08:54

Getting, I hadn’t noticed this. Not good for the AA. Zimmer, the Union man must have been livid.

“An Employment Tribunal in Southampton today ruled in favour of GMB claims to challenge AA underpayment of holiday pay of around £100 per day and in some cases more to staff. This is an underpayment of around £2,000 per person per year. For the 3500 AA staff this amounts to £7m per year.

Both AA and IDU and the in house staff association were aware that the AA was underpaying holiday pay for years and were in discussions for at least 18 months prior to the Employment Tribunal, according to their announcements. The IDU did not in that time choose to support its members by submitting Employment Tribunal claims to protect their members. GMB on the other hand did so. This led to today's win for AA workers at the Tribunal. The AA and the internal staff association the IDU mysteriously rushed to deal with the issue in advance of the Tribunal hearing and made some fundamental errors in doing so. The AA and the IDU announced to staff that they would include all types of payment in any holiday pay.”

[brexitplus] 01/10/2018 08:25

Zimmer, I thought and hoped you had filtered me.

Obviously your age (80+) and former career in the stockroom and as a union convenor has given you a poor memory.

PS. And there you were telling us that everything at the AA will be ok because it has a new boss😂㈳4;😂

[minerve] 01/10/2018 08:25

Yawn.

AA reputation for bad economics?

Over £100M FCF.
Top UK car insurance company.
Number 1 breakdown company in B2B and B2C.

It is PE that is bad economics, not AA.

Buffett isn't perfect. I could have told him not to invest in Tesco.

[hvs] 01/10/2018 08:24

Car production looking very poorly.

It will hurt the share price here.