Melrose Industries Share Discussion Threads

[meanwhile] 20/11/2018 15:27

The sage finds :-
"GKN Powder Metallurgy’s innovative metal powder, EOS StainlessSteel 316L VPro, and EOS’s unique process and additive manufacturing expertise make it possible to create a high-performance part, designed for end-use at scale.......But GKN Powder Metallurgy believes there is true potential for end-use parts to be created at scale through metal 3D printing. Our partnership with EOS underscores that belief. Our new metal powder, EOS StainlessSteel 316L VPro, designed for the new, high-productivity process for Selective Melting (SLM), will reduce production time by nearly 70 percent and overall cost by 50 percent."

Expect a surge in the share price when this news breaks.

[jackdaw4243] 20/11/2018 13:03

FWIW
Here we are in November, and the market is miserable. We’re seeing the ante upped on US-China Trade tensions, the UK Brexit farrago deepens, rising doubts about where the US economy is headed next year (as expectations of the Fed’s tightening path diminish), the Tech stock darlings are about 10 billion percent lower, while doubts about French and German political stability are stocking the fears of populism for next year’s EU elections, and Italy is preparing to take on all comers. Even the Times of London has noticed Apple Stock is about 20% lower… so it must be serious…

Equity markets look soggy, and all the noise about corporate bonds suggests serious trouble ’t Mill.

Just to cheer everyone up

[brexitplus] 20/11/2018 12:45

FURTHER FROM THE FT Apology for being a bit late. Have been out having fun

RBC rated Melrose Industries and Vesuvius as its top picks in a UK engineering sector note, which argued that investors have already priced much of the risk of a recession that is far from certain to arrive.

Peak to trough, UK engineers have slipped as much as 19 per cent compared with a 24 per cent drop on average during the past six major sector sell-offs, said RBC. Yet while certain markets such as automotive have been weak, there has been no evidence yet of a widespread downturn, the broker said. It also argued that without a “raucous upcycle” in recent years, any downturn would likely resemble the mild slowdowns in 2004 and 2015 rather than the 2009 slump.

RBC upgraded Melrose to “top pick” with a 235p target and started coverage of Vesuvius with a 700p valuation. Its research also initiated coverage of Bodycote, RHI Magnesita and Coats with “outperform221;, raised Rotork to “outperform221;. Smiths and Spirax were both cut to “underperform” on valuation grounds.

[minerve] 20/11/2018 11:54

Here, some FT markets live:

Lead indicators have rolled over and weakness is clear in certain markets (e.g. Automotive). However, it is less clear that this a widespread downturn. If we count the 2014-16 oil & gas related industrial weakness, then a 2-year upcycle would appear very short. Even if we go further back, the 2% organic sales CAGR seen by the sector overall since 2011 has hardly been a raucous upcycle and as such any softening is unlikely to be as dramatic as 2009 (sector organic sales -12%), rather it is more likely to resemble 2004 or 2015 (both -4%).


Top Picks / Outperforms: Our positive view on sector valuation means that we have an average upside of 22% to our price targets. Top Picks are Melrose and Vesuvius. We also have Outperform ratings on Bodycote, Coats, RHI Magnesita, Rotork and Weir. Our EPS forecasts are most above consensus on Vesuvius and RHI Magnesita. On a rating basis we would note that Rotork and Bodycote stand out as names that consensus is relatively less positive on.  Underperform ratings: Given the high level of upside we are looking for across the group, our Underperform ratings are not necessarily significant downside statements. However, Spirax-Sarco and Smiths Group have both priced in less weakness than our coverage group in the recent sell- down. Spirax is limited by a very high valuation and Smiths has rebounded recently on break-up news, but continues to struggle for operational momentum.

[minerve] 20/11/2018 11:53

Where is your mate Yertiz - the plonka?

Come on Brexit, post something useful.

[brexitplus] 20/11/2018 11:19

INFORMATIVE ARTICLE ON GKN POWDER METALLURGY DEVELOPMENTS

“WHY OUR NEW PARTNERSHIPS WITH EOS AND POSTNORD WILL FURTHER INDUSTRIALIZE METAL 3D PRINTING

Earlier this year, we announced a strategic partnership with HP Inc., aimed at disrupting the global industrialization of additive manufacturing with a groundbreaking binder jetting technology. Last week at Formnext, GKN Powder Metallurgy announced two additional partnerships with the goal of further moving the manufacturing industry forward.


A new, high-productivity process for laser metal 3D printing

First, GKN Powder Metallurgy has formalized a partnership with EOS GmbH, the world’s leading technology supplier in the field of industrial 3D printing of metals and polymers. This collaboration advances our goal of positioning metal 3D printing as a viable solution for manufacturers because of the expertise we each bring to the table. GKN Powder Metallurgy’s innovative metal powder, EOS StainlessSteel 316L VPro, and EOS’s unique process and additive manufacturing expertise make it possible to create a high-performance part, designed for end-use at scale.

4-times-faster-build-rate

We are adding our high productivity metal powder, using EOS processes and EOS expertise and our proven GKN finishing expertise. The outcome is a four times faster build rate. The automotive supplier Senior Flexonics is the first early adopter of the High Productivity AM Laser process of EOS and GKN.

The automotive and industrial industries have embraced additive manufacturing as a way to rapidly produce prototypes and small jigs and fixtures. But GKN Powder Metallurgy believes there is true potential for end-use parts to be created at scale through metal 3D printing. Our partnership with EOS underscores that belief. Our new metal powder, EOS StainlessSteel 316L VPro, designed for the new, high-productivity process for Selective Melting (SLM), will reduce production time by nearly 70 percent and overall cost by 50 percent. Our customers know that speed and cost are key benefits to metal 3D printing, and this partnership delivers on those needs.



Distributed manufacturing for the Nordic region

Our second partnership, also announced at Formnext, speaks to the importance of supply chain efficiency. If our customers are able to make parts quickly, and more efficiently but run into logistical constraints, but they cannot get those parts to their customers, the benefits of 3D printed parts are lost. For this reason, we have partnered with PostNord AB, the leading supplier of communication and logistic solutions to, from and within the Nordic region. Our aim is to empower global manufacturers to optimize their part supply chain with streamlined logistics that make it easy and fast to get parts where they need to go in the Nordic region.

Customers will benefit immediately from this collaboration, reducing part turnaround by nearly two business days, critical time in the manufacturing industry. Collaborating with PostNord AB bridges the logistics gap we see in the marketplace and ensures that 3D printed parts get to manufacturers efficiently and on time.

Partnerships such as these will continue to move the additive manufacturing process into the forefront of every factory in the world, positioning GKN Powder Metallurgy as a leader in the industrialization of metal 3D printing.

[meanwhile] 20/11/2018 10:20

Today's shaping up to be a 'cricket discussion' day.

[minerve] 19/11/2018 22:54

"Devaluing your fellow man is a sign of lack of self-esteem."

Like calling them 'fart in a lift', for example, or "zimmer man"?

What a bunch of dunderheads we have here.

[brexitplus] 19/11/2018 21:31

Yertiz, understood.

Devaluing your fellow man is a sign of lack of self-esteem. All I can say is military medics in battle conditions are braver than me and most posters on this board. It’s not a job I could do.

I’ve seen bad injuries on the rugby field including two complete break of one thigh of a team-mate when I nearly passed out, and a completely broken ankle where the flesh was shaking as I held the foot in place for 25 minutes before the ambulance arrived. Yet I can’t imagine the horror of battlefield injuries. I once met Simon Weston and afterwards all I could think of was him being burnt alive.

Anyway, here its easy to run people down. But I bet no one would use the same language face to face. Very cowardly.

[yertiz] 19/11/2018 20:56

Hi B+, it’s a great read, gives a whole different perspective on medical support in battle conditions. Think MASH on steroids! I cannot say whether or not I’m in the book - again that would be telling, there’s certain parties on this site who like to turn things around in order to devalue their fellow man, so I’d rather not say.

[minerve] 19/11/2018 20:30

Hey getting, did you catch the action on Burford today?

-%4.29

He he.

We know who the real dogs are, or should I say sheep! ROFLMAO!

[brexitplus] 19/11/2018 19:42

Hi Yertiz, collected the Rick Jolly book, “Doctor for Friend and Foe”, from the library. Looks interesting. Will let you know what I think. Are you mentioned?

[gettingrichslow] 19/11/2018 19:18

MW, have you considered getting out of the house for a bit, sidestep the sheep poo and get yourself down to what's known as 'the outside world'. It might cheer you up a bit?

[meanwhile] 19/11/2018 18:35

Another nice little fall today.
A few more yellow-bellied weaklings filtered out.

[yertiz] 19/11/2018 14:17

So could you, old chum, so could you.

[meanwhile] 19/11/2018 13:49

yertiz,
If you're going to be a braggart, but an honest one, you should include your failures.
You have an alternative to this though, you can clear off.

[brexitplus] 19/11/2018 13:07

Yertiz and Getting

“I might think so, but I couldn’t possibly comment.”

[yertiz] 19/11/2018 13:03

Probably far closer to the truth! I hold a very similar clutch of shares as you GRS, bar HL. To which you can add Arix, Ascential, NMC, UDG and Victrex with another 3 lesser holdings making up my portfolio. I'm 55% in cash at present, which is no bad thing with May selling UK plc down the Swanee.

Poor old Meanwhile can only deal with 2 companies at a time, one has to be MRO, come hell or high water. I actually don't think Minerve has owned a share in his life, despising those that do. Typical Marxist.

[gettingrichslow] 19/11/2018 12:37

The foul smelling one has, to my knowledge, only ever told us about 3 of his current 27 holdings. They are AA, Rolls and Bovis. All dogs as we know. He has remained strangely quiet on the others. Why might this be? Well let's ask a different question? Is he the sort of person that wouldn't tell us if they were doing really well? Contrast this with others on here who have been far more transparent and open on their holdings. I put Meanwhile in this 'open' camp too by the way because he has said more than once that he holds MRO and B&M Retail. Yertiz and B+ have told us a lot about what they have and even at what price they bought in. I've said many times that I have MRO, HLMA, AHT, HL, RDSB, WEIR, and now BUR and PLUS. But fart tells us very little apart from 3 dogs...could it be that is all he has? That would also explain his general anger and bitterness?

[yertiz] 19/11/2018 12:23

Why don’t you tell us yours, seeing as you are so ahead of the crowd? Or are you just a bag of hot ( and rather foul smelling) air?

[minerve] 19/11/2018 12:10

™ChimpLogic - a new variant on the infinite monkey principle.

[minerve] 19/11/2018 12:08

No, we want you to tell us your trades. You are the only one gifted with ™ChimpLogic.

[yertiz] 19/11/2018 12:07

Then phone [phone] for help.

[minerve] 19/11/2018 11:58

Yes, pray do tell. We are all at sea here.