Melrose Industries Share Discussion Threads

[meanwhile] 10/5/2019 10:13

In accordance with likely custom at Melrose, on departure of a senior member of the Company, a company-wide retirement whip-round might be expected to be initiated very soon, on behalf of David Roper, due to leave in 12 months time.

This may seem very early, with 12 months to departure, but I am informed that this period of time is considered necessary to allow contributors to raise the necessary cash.
I am further advised that the draft guidelines (developed by the Remuneration Committee) for contributions to the whip-round comprise £5000 per head for junior staff and £5200 for senior staff.

This should see him off in fine style.

[minerve 2] 09/5/2019 17:40

Brexit going well ain't it.

🤣🤣🤣🤣9315;🤣ԍ15;🤣🤣;🤣🤣🤣

[steeplejack] 09/5/2019 14:55

"brush the bad stuff under the carpet, eh?"Brush has been a thorn in their side admittedly :)

[minerve 2] 09/5/2019 14:35

"most successful business duo"

Well that is obviously a personal opinion depending on the yardsticks you use to rate that.

On certain measures they are downright failures. But it is a nice day in May, so we will, as always, brush the bad stuff under the carpet, eh?

[brexitplus] 09/5/2019 09:41

AGM today. Will be interesting any reporting.

[ryelodge] 09/5/2019 09:36

Re. MRO Trading Statement and Roper's departure. He's off to spend his £50 million bonuses ( and whatever he picks up from the current LTIP ). Will others follow to live the high life? That's an issue with the MRO compensation structure in a quoted company.
ALSO of concern that there was very high volume (sell) in this stock in days before this announcement. Who knew what and when -- and how? Certainly not the small punter. Regulator, where are you?

[minerve 2] 09/5/2019 09:21

I personally thought David Roper was the more capable of the Fun Boy Three.

[minerve 2] 09/5/2019 09:11

We knocked out your Barcelona that you were waxing lyrical over. ROFLMAO!

Don't get your chickens loser! LOL

Southern softies don't understand football. Stick to croquet and Pimm's.

LOL

I see Brexit is living in times gone by, Man U are quickly heading towards being an average club.

Desperate comments by irrelevant humans.

[brexitplus] 09/5/2019 08:38

Getting

It appears that Porky’s team have been runners up three times (remember Gerrard’s mistake) and third four times since the Premiership began.

The words “bridesmaid221; and “bride” come to mind!

By comparison, the most successful team, Man Utd have won it 13 times and been runners up 6 times. Make of that what you will.

[gettingrichslow] 09/5/2019 08:14

I did miss Blackburn Rovers! Well Porky had better hope for a slip up at Brighton or it could be another 29 years.

£3 by Xmas.

[brexitplus] 09/5/2019 08:14

Hi Yertiz

And Spurs really performing away from home. I believe the final is in Madrid, so an away game!!!

[yertiz] 09/5/2019 07:57

Phenomenal Spurs, up against it by half time, what a turnaround!
Non stop rain yesterday, garden looks lush this morning.
Melrose improving all businesses and looking set for good profits this year. £3 by Xmas.

[brexitplus] 09/5/2019 07:56

Getting. Don’t be cruel. Porky is a too nice and modest person to be cruel to him.

By the way, you missed Blackburn Rovers in 1994-5!!!

[gettingrichslow] 09/5/2019 07:55

You need the Premier League Porky. That's the one the manager and the players have said they really want - but you're not going to get it again are you? Is that 29 years now? Even Leicester won it!

[gettingrichslow] 09/5/2019 07:47

Porky, thee speak too soon. Thee has won nowt yet lad!

[brexitplus] 09/5/2019 07:08

Trading Statement

Melrose Industries PLC ("Melrose") publishes the following trading update for the four months from 1 January 2019 to 30 April 2019, ahead of its Annual General Meeting taking place later today.

Current trading in Melrose is in line with the Board's expectations. Consistent with the recent commentary given at the year-end results announcement in March and the Capital Markets Event on 3 April this year, good progress is being made in delivering the operational improvements required in our businesses and specifically to achieve the GKN margin objectives disclosed at the Investor Event.

After serving as Chief Executive for nine years, from the flotation of Melrose in 2003 to 2012, and since then as Executive Vice Chairman, David Roper has decided to step down and to retire from the Group on 31 May 2020.

We will issue our interim results on 5 September 2019.


Justin Dowley, Chairman of Melrose, said:

"We have recently laid out our targets for GKN which are better than those we indicated only one year ago at the time of the acquisition, and which come on the back of a stronger performance than expected in the first year of ownership. We are delighted to keep investing in all our businesses, including Nortek and Brush, and look forward to another year of progress. The businesses we own have very valuable qualities and characteristics, and we look forward to maximising their potential."

[minerve 2] 08/5/2019 22:33

Getting

There is no doubt, based on over a year's worth of evidence, that I know far more about successful investing and business than you will ever do. It is also apparent, that I also know far more about football than you you Southern softy. Stick to your day job, and shut thee gob.

LOL

[minerve 2] 08/5/2019 22:29

"Porky, I’m sorry you support an over-rated team that were taught a lesson in how to finish (you know, actually put the ball in the net) by yet another Spanish side that hardly had to get out of second gear against you. Don’t shoot the messenger! Just admit that you bottled it for the second year in a row."

[gettingrichslow] 07/5/2019 18:15

Meanwhile, it must be time you and your alias Ryelodge posted about the Directors' bonuses again? It's been at least 5 days without your normal drivel - it's unsettling me.