Melrose Industries Share Discussion Threads

[jackdaw4243] 26/10/2018 20:40

RR have some problems with a certain engine,but then so do P a W . Not same engine. 600k a time to fix.


A major reorganisation by the guys that were supposed to be reorganised

[brexitplus] 26/10/2018 15:40

Yertiz

Interesting to see Rolls Royce having a difficult day. Down 25% from its year high.

PS. I believe PC Plod is giving Noddy a helping hand.

[gettingrichslow] 26/10/2018 12:29

I think we can say with some certainty now that MW is officially having another 'wobble'. Although this one is more understandable because he has been calling the share price down all the way from its peak and slating the management for six months, only problem being he forgot to hit the SELL button.

[yertiz] 26/10/2018 11:58

And tomorrow, Meanwhile will explain how Noddy fixed his car with help from Big Ears....

[meanwhile] 26/10/2018 11:23

Some of you will know that Minerve and myself have occasionally provided basic knowledge and advice on certain workings of the stock market, to help those with a poor technical understanding of these matters. There are a number of such people frequenting this board at the present time although I will mention no names. I am pleased to tell you that we will be continuing with this advice in future postings, which I am now inclined to call "tutorials".
I'm not sure what Minerve will be calling his.

Experienced and sensible investors here, EssentialInvestor, Jackdaw4243, Poikka, Mayers, ryelodge, possibly a few others, need pay no attention to these tutorials and and I ask them not to be offended by the basic content.

I should also say that these are in no way a replacement for the lengthy press bulletins from brexit+, however tedious these are. This stuff from brexit+ should be seen as different and more akin to what you'd hear from a chap you just met in the pub, who unclipped his large bunch of keys from his belt and took you through, one by one, the construction of each key and what each one opened.

On to the 1st tutorial, entitled "Profit and loss".

A profit is made when shares are sold at a price higher than the price paid for them.
A loss is made when shares are sold at a price lower than the price paid for them.
Price movements in the period between purchase and sale dates may seem important at the time but have no bearing on the eventual profit or loss.

The necessary adjustments may need to be made for certain dividends (special dividends), returns of capital, share splits etc.

Example.
Sainsbury's shares are bought at 353p and sold at 242p, having peaked at 393p. A loss has been made.

[gettingrichslow] 26/10/2018 00:15

No idea what your point is there MW.
Anyway, did you notice the mysterious Ryelodge didn't respond to my question about his cycling shop? Nor the request for a photo of his wallet. You haven't done any posts from your rather sinister 'hvs' character recently either MW, which is disappointing because they're always quite intriguing. Night night, Getting xx

[meanwhile] 25/10/2018 22:37

The board's resident sage, brexit+, tells us :-

"What I am trying, with difficulty, to get across is that in 3-5 years time GKN Aerospace and GKN Driveline will be very different companies to what they were when Melrose took them over. The innovation and adoption of new advanced manufacturing, new markets,...........
Unfortunately some posters who think of GKN as “metal bashers” see Melrose as just perpetuating the status quo by reducing existing costs and rationalising the organisation. This is far from the truth as I see it."

Both cases generally occur as a result of a Melrose takeover. The 2nd case (parag. 2) is done under Melrose ownership, over 1-2 years, the businesses are then sold off to owners capable of providing the innovation & development.

The reason brexit is having difficulty getting across his 1st scenario is that Melrose have never done it, can't do it and will never want to do it.

[yertiz] 25/10/2018 12:27

Yes, Minerve


No, Minerve


Three bags full, Minerve.


So speaks our little sheep, Meanwhile.


Baaaa

[meanwhile] 25/10/2018 11:43

Pleased to see you back, Minerve.
Yes, yertiz is a fool.

[brexitplus] 25/10/2018 10:33

NORTEK NEWS

“CARLSBAD, Calif. — Nortek Security & Control (NSC) has appointed industry veteran Quinto Petrucci to lead the company’s newly combined security and commercial access control product management teams.

Petrucci has assumed the title of vice president of product management, reporting directly to NSC Executive Vice President of Marketing and Innovation Joe Roberts.

“Quinto brings a strong customer focus and industry knowledge that is a great fit for NSC,” Roberts states in an announcement. “He is already accelerating the development of innovative solutions that meet the real world needs of our customers across our portfolio of products.”R21;

[brexitplus] 25/10/2018 10:30

Yertiz, I agree. I firmly believe that Melrose is oversold and is caught up in the general derating of growth shares. The instrinsic value of Melrose is, in my opinion, much greater than the share price.

[minerve] 25/10/2018 10:16

Honestly, daddy Minerve has lots of babies that need taking caring of.

[minerve] 25/10/2018 10:15

Yertiz you plonka - you have not read what I posted!

[yertiz] 25/10/2018 10:14

I agree with you there B+. Strange action today considering the state of the Dow and Asia markets last night? Perhaps we have had our backlash and now is the time to buy stock. I'll start with a 5k dabble this morning just to get back in before anything major happens to kickstart Melrose's recovery, as will surely happen.

[minerve] 25/10/2018 10:13

"Defence spending under President Trump and a continuing boom in air travel boosted Boeing, leading the aircraft manufacturer to raise its full year profit guidance after reporting better than expected third-quarter results. Shares in Boeing were trading about 3 per cent higher at $360.50 by mid-morning in New York" - FT yesterday.

[brexitplus] 25/10/2018 10:01

Morning Yertiz

Bit of a bounce. Investors must have read all my positive posts.

What I am trying, with difficulty, to get across is that in 3-5 years time GKN Aerospace and GKN Driveline will be very different companies to what they were when Melrose took them over.

The innovation and adoption of new advanced manufacturing, new markets, and the move to electric vehicles will transform GKN. Additive Manufacturing is reducing costs and timescales while making previously difficult to make products easy to make. Spares will increasingly be made to order rather than being kept in stock thus reducing inventory. Every month there is news of these changes.

The sale of GKN Metallurgy is not a problem. It can’t be improved much and it’s technology is already in use in Aerospace and Driveline.

Unfortunately some posters who think of GKN as “metal bashers” see Melrose as just perpetuating the status quo by reducing existing costs and rationalising the organisation. This is far from the truth as I see it.

[poikka] 24/10/2018 22:58

What's your take on where the share price should be, Getting, and why? As Meanwhile says, you n yertiz being close, and keen on MRO, maybe you know.


Tell the truth, it doesn't matter too much as, having looked at this a bit more closely this evening, I've decided to give it a miss. There are too many unknowns for my liking.


Good luck boys and girls.

[yertiz] 24/10/2018 22:56

Some people on here really need to get a grip...why in the hell would anyone else know why I make MY decisions based on MY judgement and reasoning? Honestly, beggars belief!

But if you really want to know why I am waiting for 150p to happen (which it surely will tomorrow based on the plummeting Dow, Asian markets and sentiment), its quite simply because this is my target bottom price to buy back in. I didn't believe it would fall so far since the 220p days, but repurchase will buy me an extra 25% shares from my selling points (average 200p). GKN and Nortek haven't become uninvestable in the last few weeks, if anything they are stronger, more streamlined and productive since Melrose moved in on them. I see 150p as incredibly cheap, it may fall even further but the danger is waiting too long for the share to fall more before major influences and changes take effect (sale of Ergotron, Powder metallurgy etc). When they do, this will bounce very strongly upwards, back to 200p + levels IMHO.

[jackdaw4243] 24/10/2018 21:45

GKN was an udervalued "Dog" and the working management new it. There is a significant value to be unlocked. Aerospace supply chain is complicated, peter will not buy from paul if paul owns the company.

[gettingrichslow] 24/10/2018 20:10

Given that I thought they were going to keep going up even when they reached 260p I'm probably the last person worth asking. I'm sure Yertiz will answer why he thinks what he thinks if he wants to, although I do think it's a bit strange to ask why someone thinks something, then call them unpleasant, then ask for someone else to explain his rationale!!

[meanwhile] 24/10/2018 19:54

"Genuine ? - why does yertiz believe that 150p would be a good time to fill his boots. I'd rather someone else give me an answer, as I find him/her an unpleasant sort -".

Good judgement, Poikka. May I suggest getting, his primary stooge, to answer. They are of similar mind.

[poikka] 24/10/2018 19:32

Good to hear that MRO appear to be good custodians of GKN.

Genuine ? - why does yertiz believe that 150p would be a good time to fill his boots. I'd rather someone else give me an answer, as I find him/her an unpleasant sort - assuming someone else is of the same outlook as he for MRO. I'm sitting on fair bit of cash atm and looking for a home for it, but tricky investing environment.

I, like most, tend to look at investments through (in no particular order): their record; PEG; debt; cashflow; P/E; yield....


Oh, and apologies for butting in on the squabbles.

[brexitplus] 24/10/2018 17:35

If you are reading my posts MW, I'm sorry to be boring you with reasons why GKN is undervalued.