Melrose Industries Share Discussion Threads

[brexitplus] 30/5/2019 07:18

Morning getting

I think everything should be looked at in context.

The so called ‘elite’ believe that everyone outside their circle in London are dunderheads, and that outside the M25 everyone, excepting a select few in Oxford and Cambridge, are bumpkins. That includes Porky, MW, Yertiz, myself and probably you.

In addition, they believe that everyone who voted Brexit is a moron.

So in their opinion I am a moronic dunderheaded bumpkin. But a chimp, certainly not; I’ve got an honours degree from a real university😂😂😂

I dare not say what I think of them😂㈳4;😂😂 but the ones I have unfortunately met are rather pathetic creatures who think so highly of themselves that I can’t help laughing.

[gettingrichslow] 29/5/2019 22:37

B+, are you sure you're a moron? I thought you were a dunderhead!? I'm a thick chimp.

[minerve 2] 29/5/2019 22:12

ltcm1

Woodford isn't going to change his methods just because he has outflows.

I outperform most institutions. I have the advantage of not having to confirm, I don't have to report periodically, I have no one other than myself to be accountable to, and my portfolio is much smaller.

It works. I've been in this business for three decades and I'm still here making a good living. I have no other income other than what I earn here.

You can't do this in half-measures though. Coming on here part time, where it isn't your day job, not understanding accounts, will only lead to tears.

Lots of jealous, ignorant idiots, in the stock market, and on ADVFN in general, make my life much easier.

[brexitplus] 29/5/2019 22:11

Getting

I’m sure investors in Woodford’s funds absolutely love to see the value of their investments falling day by day. And of course they will quite correctly remove their investments and put them where they will gain a profit. And this will most probably lead to redemptions and forced selling. St James Place, who have £3.5 billion with Woodford have him under review.

But what do I know. I am a moron.😂€514;😂㈳4;

[gettingrichslow] 29/5/2019 21:36

Ever wondered what a 'fanboy' is anyone? That last post is a great example of the sort of rubbish spoken by a fanboy.
"It's good value" 😂😂😂
"The share price falling is an advantage" 😂😂😂
I haven't laughed that much at a post for years!!!!

[minerve 2] 29/5/2019 21:04

I thought because there is such an interest in Kier I will duplicate posts on the Kier thread here. Saves the knuckle-draggers a bit of time...


ltcm1

Think about what Woodford wants. He is game, and so are other institutions, at wanting to force the share price down because they want time to build a holding - maybe even over a couple of years - at lowest possible value to their funds. They are the ones lending the stock for goodness sake. If you have confidence and conviction, like I do, you don't care whether the share price falls to very low prices. It's good value. No one knows for sure the eventual outcome, it is all risk reward.

If you believe the company will continue forward and does not need any further meaningful capital requirement for the foreseeable future investing close to book reduces your risk. The share price falling therefore is to your advantage. If you are buying a stock at 10x book you are risking 90% of your investment if the business fails or converges to book for whatever reason.

I think there are many trolls on here who are not qualified to:

(a) Discuss investment theory and methods; and
(b) make an opinion on Kier.

You cannot make an informed opinion on Kier if you have not read the accounts and studied the business in any great depth.

[gettingrichslow] 29/5/2019 18:42

Tournesol, was it you that recommended some whiskys a few months ago? I want to buy a good bottle of something special for a birthday gift. The person in question is no expert but has started to get really interested in whisky so knows a bit. Any suggestions please?

[brexitplus] 29/5/2019 18:32

Tournesol

Signed.

[tournesol] 29/5/2019 18:25

Off topic but possibly of interest to some here.



On 29th January 2019, Peterborough MP Fiona Onasanya received a three month custodial sentence. During this period, while allowed out of prison under licence, her vote was decisive in requiring the Prime Minister to seek an extension to Article 50, rather than allow UK to exit the EU under UK law.

If you think it wrong for an MP convicted of dishonesty and conspiracy to retain her ability to vote in Parliament, please consider signing this petition. It seems wrong to me that she was able to cast what was in effect the casting vote on such an important issue.

[jackdaw4243] 29/5/2019 18:20

Back on land after weeks at sea

only to find that Mrs May and Mr Corbyn are discussing the menu and do not realise that Mr Farage and Mr Cable have moved the restaurant and kitchen.

What happened to the £2.00 SP

[brexitplus] 29/5/2019 17:48

This Aussie journalist got it absolutely correct.

A SHOCKED Australian political commentator has furiously defended Britain’s Brexiteers and hit back at claims those who voted to leave the European Union are “morons” or “unsophisticated”.

“Because here you have the BBC or whichever TV station it was, the media elite in London are the absolute swamp.

They are desperate to Remain in the EU. They hate Brexit. They hate people. They sneer and look down at the people who voted for Brexit.

Mr Dean added: “They absolutely loathe them. The thing I found last time I was in London, at the classic dinner party or wherever you go in London, people cannot believe you would be such a moron as to think Britain should leave the EU. It is that deep.

So, it runs right throughout the academic elites and right throughout the political elites, right throughout the media elites.”

The commentator ended with a warning to the London elite. He said: “Nigel Farage only decided when he was back in Australia in September last year that he was going to get back in the saddle and set up a political organisation and get Britain out of the EU.

He is already halfway there to doing it. I predict he may well end up going all the way and having to fight the next general election and putting up his Brexit Party there.”

[brexitplus] 29/5/2019 16:38

The Company announces that it was informed that Justin Dowley, Non-executive Chairman, bought 23,737 Ordinary Shares of 48/7 pence each in the Company on 24 May 2019 at a price of 175.64 pence per share. Following this transaction, Mr Dowley now holds an interest of 1,411,246 Ordinary Shares in the Company, representing approximately 0.029% of the issued share capital of the Company.

[gettingrichslow] 29/5/2019 14:29

Hi Ryelodge, good to hear from you again! What do you think of the new Mississippi Stack Burger recently launched at McDonald's - pretty good burger eh?

[gettingrichslow] 29/5/2019 14:26

Tournesol, if you want to ask Meanwhile a question, you're better off asking him directly because he tends to forget to respond to questions directed to 'Ryelodge'. But it's a great question because it forces Meanwhile to now extend the profile of his alter ego. I will try a similar tactic in a minute and see if I get a response.

[tournesol] 29/5/2019 11:52

Ryelodge

Clearly anyone who bought shares here around the time of the GKN acquisition was investing prematurely. It would have been better to have waited until the hoped-for uptrend had started.

Question now is which is the best strategy from here on in?
1) to hold and wait patiently for an eventual recovery
2) to sell and invest proceeds elsewhere
3) to buy now in anticipation

I made the mistake of investing prematurely and compounded it by holding on. Fortunately I only invested a small amount and also fortunately I have no time pressure (apart from mortality of course).

I will be revisiting my asset allocation over the next few months and may decide then to cut and run. Meanwhile it's not a high priority for me to deal with, so I'm letting it drift.

Are you still invested here?

[ryelodge] 29/5/2019 11:03

The MRO Share price today is about 30% below the 232 pence that triggered the last LTIP bonus award of £42 million to each Executive Director. It is just over 30% below the Base CGT price for most investors that came in with the GKN acquisition. In the last 12 months it has underperformed FTSE Index Funds by about 30%. The last projection on this Board, a few weeks ago, was £4 by Christmas -- about 30% up on the same source's previous forecast of £3 by Christmas( that was last Christmas of course). But far less than 30% of the discussion here has any relevance to MRO.

[minerve 2] 29/5/2019 09:26

Just as scruffy. LOL

[minerve 2] 29/5/2019 09:26

Is Boris then Rasputin?

LOL

[meanwhile] 29/5/2019 09:22

'Farage same as Churchill' is a '£3 by Christmas' sort of remark.

[minerve 2] 29/5/2019 09:12

Farage same as Churchill?

The guy has obviously lost his marbles!

[brexitplus] 29/5/2019 08:40

Tournesol

No, not the same. And Churchill is my greatest hero.

But in some ways they are similar in their way to communicate across the board, their never give up attitude, their wit, and their ability to take people with them.

An elderly friend, now in her 90s told me that before Churchill became PM everyone thought we would lose the war, and after that we would win, even though there were lots of setbacks.

[tournesol] 29/5/2019 08:30

B+

Nigel is most emphatically NOT the same as Churchill. The comparison is very wide of the mark.

[gettingrichslow] 29/5/2019 08:30

Something I think we can all agree is good news - according to all leading bookmakers, the chance of there being a second referendum is now much more unlikely than it was this time last week. Well done Nigel Farage I say.

[brexitplus] 29/5/2019 08:21

I agree. People just won’t listen. AA and Kier 😊😊😊. That’s what the political parties have done to their own detriment. And they won’t change. They are stuck in the past while the electorate has moved on.

For any up and coming elections the Brexit Party has a blank canvas.

They can be very populist everywhere - slash foreign aid, huge support for British business including the fanboy sectors such as artificial intelligence, help ex-servicemen, or should I say service people to be politically correct, and drive environmental changes. And they can drain votes everywhere.

Love him or hate him, Nige is a brilliant communicator with a can-do and will-do attitude. Churchill was the same and even tough he was a Conservative a lot of his own party hated him.