Melrose Industries Share Discussion Threads

[minerve] 30/10/2018 20:49

getting

I am worried about you because you have a very poor memory. Doesn't bode well if you are still in business. I have lost count of how many times your recollection fails you. I never recommended any negative yielding bonds.

What I did say is that you do not fully understand investing until you understand why investors buy negative yielding bonds.

You are a little out of your depth if I may be so bold.

Stick to your pathetic day job - whatever that may be. ;)

[gettingrichslow] 30/10/2018 18:55

Minny, can you give me the name of a couple of those negative yielding bonds you recommended to all us morons and chimps on here a few months ago please? I'm particularly interested in having one that guarantees me a really hefty loss year on year. I know I could just buy some Rolls Royce shares and that would have much the same effect but I'd like to absolutely guarantee a loss for 'risk management' reasons (assuming you understand what that means).

[minerve] 30/10/2018 18:05

brexit

Tell me what is going to improve the prospects of GKN. How is the top-line going to grow?

Don't spend forever guessing. You should be able to list them straight away.

[minerve] 30/10/2018 18:03

"Lots of wishful thinking and ambition for the future."

I think you are getting confused with Melrose. ;)

[meanwhile] 30/10/2018 17:36

£3 by Christmas.

[minerve] 30/10/2018 17:32

All tickety-boo in tickety-boo land. :)

[brexitplus] 30/10/2018 16:44

Another good day for Melrose, up 1.8%. MACD looking good.

[brexitplus] 30/10/2018 11:28

GKN DRIVELINE ADAPTS MOTORSPORTS TECHNOLOGY FOR WORLD’S QUICKEST, MOST POWERFUL SUV

GKN strengthens motorsports parts to harness extreme torque of Jeep® Grand Cherokee Trackhawk

Upgraded propshaft and halfshafts help propel a more than 5,300 pound SUV from 0-60 mph in 3.5 seconds

Trackhawk’s rear halfshafts are 42% stronger with use of aerospace-grade steel
Custom solution for Trackhawk yields halfshaft with highest torque capacity supplied by GKN for any volume-produced vehicles

GKN Driveline utilised expertise from its motorsport team to develop custom solutions to meet the extreme strength, durability and performance requirements for the 2018 Jeep® Grand Cherokee Trackhawk - the most powerful and quickest SUV ever.

GKN Driveline engineers worked with the SRT engineering team at FCA US LLC to strengthen the Grand Cherokee’s driveline, upgrading the rear halfshafts and propshaft to deliver the extreme torque required to propel a more than 5,300 pound SUV from 0-60 mph in 3.5 seconds.

“The aerospace-grade 300M high-strength low-alloy steel used for the Trackhawk rear halfshafts isn’t found on other high-volume passenger vehicles and it’s 42% stronger than existing Grand Cherokee halfshafts,” said Uwe Paksa, GKN Driveline Vice President CVJ Engineering. “We based the design on components from GKN’s motorsport division, and further upgraded the halfshaft thickness and strength to harness the 645 lb-ft of torque generated by the supercharged 6.2L V-8 engine.”

Jeep Grand Cherokee Trackhawk drivers can select from five different drive modes that adjust the torque split between front and rear axles. When operating in “Track” mode, 70 percent of the available torque is sent to the rear wheels. This represents the highest torque capacity for any halfshaft produced by GKN for volume-production vehicles.

[yertiz] 29/10/2018 22:19

Angle plc - 12.5% spread is a bit too rich for me. I'm seriously looking at the Pru, Nichols and Barratt Developments - all been hit hard through no fault of their own (sector and sentiment driven) and now all looking cheap, ready for some recovery.

AVO was another pick, but this probably has another 12 - 18 months before any real momentum is seen in the share price

After the budget, Hill and Smith (one of my long term holds) will come good again with massive infrastructure investment on the highways and byways promised.

Wouldn't touch RR or AA with a bargepole - might be good stocks to short (which I don't do).

[dondee] 29/10/2018 18:24

Re 6394.
WG. well up though!

[ryelodge] 29/10/2018 18:07

Could that be a deceased Moggy?

[minerve] 29/10/2018 17:51

"Shares in some of the biggest US and European carmakers zoomed ahead on Monday after a report said China — the world’s biggest and most lucrative car market — is eyeing a proposal to cut taxes on vehicle purchases by half"

[brexitplus] 29/10/2018 17:16

Hi Yertiz, yes a MAC Donut to use the Yank spelling!!!

He’s probably Googling now.

Rolls Royce down again substantially today. 25% down from its year high. Senior however up.

PS Am seriously looking at taking a small position in Angle Plc. Is it a company you are looking at?

[yertiz] 29/10/2018 16:50

Our learned 'friend' MW probably thinks MACD is shorthand for his favourite fast food supplier.

Time to have another sizeable dabble in MRO - there will be some profit taking tomorrow, price will possibly go to 159 - 160p, still way too cheap and won't stay at these levels for too long, IMHO, so I'll be filling my boots.

[brexitplus] 29/10/2018 16:36

Melrose top riser in FTSE100 today at 5.23%.

The MACD Bar Chart, which I keep a close eye on, has been rising for the last few days which is a positive sign.

Perhaps someone might provide a tutorial on MACD.

[meanwhile] 28/10/2018 09:51

Having been encouraged by the excellent reception given to my 1st tutorial last week, with some assistance from the filter, I have decided to provide a 2nd one today, on a different feature of the market. Taken together with my 1st one, which dealt with 'profit and loss', the less experienced will be building a correct picture of the market and its workings.

Today's topic is 'Rights Issues'.

A rights issue is an offer to existing shareholders to purchase additional new shares in the company, generally at a discount to the market price.
During the process of approvals and of issuing the new shares, there is generally a short period where the old shares are traded with the rights attached. This can result in a substantial premium on the price of the old shares if the cash raising is seen as a positive development. The Rights alone can also be sold in the market during this perod.
These rather tricky features (to the less able or inexperienced investor) can result in various misconceptions around Rights Issues and the 2 examples below have been seen on this board.
(1) Some complete fools think anyone has the right to buy the new shares at the discount price and then sell at a profit.
(2) Others, short term thinkers, believe that in order to get the new shares, you need to buy the old shares when they have rights attached, at the premium price.

Both, of course, are incorrect and a bit of logic, common sense, a bit of maths and application of the thought process, would tell you that.

So there it is. Further tutorials will follow.

[jackdaw4243] 27/10/2018 17:29

SKI club, spending the kids inheritance.

[minerve] 27/10/2018 17:13

Here come the straw men and silly little anecdotes.

[jackdaw4243] 27/10/2018 17:08

I joined the "ski club" some 20 years ago, couldn't agree more.

[brexitplus] 27/10/2018 16:46

Hi Getting. I agree. Another person we know, the partner of a friend, a retired builder, is exactly the same. Has millions in the bank and in shares. Hardly ever goes out, when he does hardly ever buys a round and is always at the back trying to avoid buying one, never buys presents for his partner or even a card. Has alienated most of the people around him and his two daughters haven’t spoken to him for years. Yet he feels hard done by and that everyone is against him. Now his health is poor. He will die a rich but very unhappy man.

[gettingrichslow] 27/10/2018 16:08

B+, I think you're right. Minny loves to think he makes all the right calls but he could be getting his lifestyle decisions all wrong - he needs to get out more, spend less time on discussion forums demanding respect from others, calling them morons and chimps, do a bit more exercise etc. Could explain why he dislikes posts that reference playing golf, cycling, cricket etc etc - because it reminds him of his overly sedentary lifestyle and makes him feel uneasy?

[jackdaw4243] 27/10/2018 16:04

Bre
It’s called Dunning Kruger complex, no known cure.

[brexitplus] 27/10/2018 15:29

A CAUTIONARY TRUE STORY

A friend of ours, together with three other architects who worked in local government, took early retirement. They were all in their late 50s. Our friend, as a leaving present, asked for a racing bike which he duly received. In the first year of retirement two of the others who sat about reading the papers died. The third, who led a similar sedentary life, died just after three years. Our friend, who led a very active retirement, keeping fit, travelling, and still doing a bit of architectural work lived to 84.

I, likewise, do the same, enjoying life to the full, doing some consultancy as I am at present, keeping very fit.

After all, what is the point of having a shed load of money and not enjoying it if your sole raison d’être is just making more money and telling everyone how wonderful you are!!!

[minerve] 27/10/2018 14:25

brexitplus

No I don't need to know the level of penalties incurred. If I deemed it important I would make the calculation. You are quite welcome to waste your time. You go ahead and do it. I don't just have a few herd stocks like you. I currently run a portfolio of 28 and some demand more attention than others. Besides, if it was of material significance then RR would have to issue an RNS stating so. They issued one yesterday stating guidance is in-line. The RNS was 'under duress' because of a leaked email - but it shows that an RNS wasn't really necessary otherwise. That is all I need to know.

The reliability issues are well understood and every aircraft manufacturer has them.

As far as the market is concerned - it is full of morons. I don't pay much attention to it unless I am looking to buy and sell. I would have bought more yesterday had it fallen to levels of my original investment. It didn't, I think it finished 2% down. Nothing. Storm in a tea cup for long term investors.

If you are interested in reading about the Jet engine and its issues I could recommend a book that I have read:



Again, you'll need time to read it. Lots of dinners out and walking the dog will not give you enough time to be a professional investor like me. You also might need some engineering knowledge. I doubt you would understand all of it.