Melrose Industries Share Discussion Threads

[meanwhile] 23/7/2019 09:39

With MRO's continuing recovery and an especially strong push forward today, the prospect of my '2019 Wallet Photo Portfolio' being launched draws closer.

For those on this board who have predicted, and even encouraged, my downfall, these photos will be especially difficult to view. In this group I include the 'unfortunates', the 'PLUS500 one day,/MINUS500 the next', and Purplebricks followers. These posters should brace themselves and view the portfolio, perhaps initially through a translucent muslin cloth.

For others, less psychologically challenged, the portfolio will be a useful reminder of the fruits of successful investing.

We are not yet at the trigger point for a launch but this is fast approaching.

[jackdaw4243] 22/7/2019 20:28

MW
Dom Raab

[gettingrichslow] 22/7/2019 19:41

Meanwhile, how do you feel about Gareth Bale’s £1m per week offer from a mid-table Chinese football club? More than a Melrose director eh? For being injured most of the time and occasionally kicking a little ball around? Disgusting.

[meanwhile] 22/7/2019 19:18

Yes, jackdaw4243, I trust you were a Rory Stewart supporter.

I think the market will not be surprised by the result, so little reaction is expected.

[jackdaw4243] 22/7/2019 17:24

A big day tomorrow , will Boris be an Upper or a Downer for the markets, he certainly has some E U politicians singing from a different hymn sheet.Not my choice but then neither was Hunt.
I cashed in my holding in SAGA.

[sogoesit] 22/7/2019 09:59

Finally, it has reappeared, the Minerve:

[sliotar] 19/7/2019 15:30

Let's hope the Company will soon host some employee celebrations in the UK. And provide something for MRO Shareholders to celebrate.

[brexitplus] 19/7/2019 15:10

On 21 July, GKN Fokker marks its centenary. Exactly 100 years ago, aviation pioneer Anthony Fokker registered the ‘’Nederlandsche Vliegtuigenfabriek’’ which led to the formation of the world famous Fokker business.

A Dutch industry-wide celebration event took place on 14 March in Amsterdam, to jointly recognize the centenaries of GKN Fokker, Royal NLR and KLM. In September, GKN Fokker will host an employee celebration in the Netherlands.

GKN Fokker’s outstanding people and technologies were fully integrated into GKN Aerospace in 2015. The result is a stronger GKN Aerospace with market leadership positions in aerostructures, engine systems and special technologies, increased exposure to key growth platforms, a comprehensive global manufacturing footprint of 50 sites in 15 countries and strong technological offerings.

Thanks to the pioneering spirit and the efforts of founder Anthony Fokker, many hundreds of millions of people worldwide have been brought together. His innovative heritage still characterizes today’s GKN Fokker business. Many advanced aircraft have GKN Fokker innovations on board, and over 400 Fokker aircraft are operational worldwide. By pursuing innovations in technology, GKN Fokker supports a sustainable aerospace future in a smart and economically viable manner.

Over the past 100 years, GKN Fokker has served as an ambassador and figurehead for the Netherlands in the global aerospace community. Together with its 3,300 Dutch employees across seven Dutch sites, the business continues to be an industrial champion and major contributor to the economy of the Netherlands.

John Pritchard, CEO of GKN Aerospace ASEA said: “100 years on, we have achieved the dream of our founder, with our future firmly built on the foundation of a century of innovation. The entrepreneurship of Anthony Fokker has evolved into the world-class GKN Aerospace business. We are proud to be part of the successful Netherlands aviation industry, together with KLM, NLR and many other businesses. We are perfectly positioned to shape a sustainable aerospace future together.”R03;

[sliotar] 19/7/2019 11:31

Good to see MRO(GKN) recognising the importance of German industrial and automotive engineering primacy to the rest of its global operations. Mr Oberparleiter clearly sees the advantages of being well positioned in that critical market for now and particularly the future as comparative advantage comes more into play.

[brexitplus] 18/7/2019 09:08

My Britain under Boris anthem

“We are the champions, my friends
And we'll keep on fighting 'til the end
We are the champions
We are the champions
NO TIME FOR LOSERS
'Cause we are the champions of the world.”

[brexitplus] 17/7/2019 20:53

GKN Fokker Services and Spectralux Avionics have combined forces to ensure sufficient availability of capable systems to satisfy the demand of CPDLC systems and installation. There are less than 250 days left to comply with the February 2020 mandate to install Controller Pilot Data Link Communication (CPDLC) capability on all civil aircraft flying in European airspace at FL285 and above.

The DLINK+ system was recently upgraded to Mod status 5, which makes it fully compatible with the EU requirements for CPDLC. The DLINK+, which is compatible with the Aircraft Communications Addressing and Reporting System (ACARS), is available for installation on all modern aircraft types such as Boeing 737, Boeing 757 and Airbus A320. Currently, just a small percentage of aircraft flying in Europe are reported to be CPDLC capable. The remainder of the aircraft operating in Europe also need to have a compliant solution installed by 5 Feb 2020. The DLINK+ solution offered by Spectralux and GKN Fokker Services provides a cost competitive alternative to the OEM solution. Therefore demand for this system and its installation is expected to grow significantly in the next few months.

“As a leading Aerospace Service Provider, GKN Fokker Services is pleased with signing the Sole Distributor agreement on DLINK+ with Spectralux. It will ensure we can fully support the market with the CPDLC mandate, which becomes effective within eight months from now.’’ said Paul Vorstermans, General Manager of GKN Fokker Services.

[meanwhile] 17/7/2019 10:30

I agree, ryelodge, you are a perceptive fellow.

getting, I am not talking to myself here, you imbecile.

The market does need some disposal action soon, and I think it now senses it coming.

[ryelodge] 17/7/2019 09:42

The stock has now largely recovered from the misplaced knock from the BASF warning. That event illustrated an important lesson for MRO management. They must not get themselves viewed as "car guys" or "aerospace guys' and ride the curves of those industries.The market sees them as "Deal guys" and if they don't demonstrate this soon and in a significant and successful way the stock will be revalued. A large value creating sale is essential to get the price up to their LTIP trigger price of 232 which is then getting close to the 240+ entry value for GKN shareholders. They need to prove that £42 million each really wasn't enough.

[brexitplus] 17/7/2019 08:22

VALENCIA, Calif., July 16, 2019 (GLOBE NEWSWIRE) -- Wesco Aircraft Holdings, Inc. (NYSE:WAIR), the world's leading independent distributor and provider of comprehensive supply chain management services to the global aerospace industry, today announced a new agreement with GKN Aerospace, a global engineering business with industry-leading technology including aerostructures and engine systems on-board 100,000 flights a day, to provide fluid management services to multiple sites across the Americas and Europe.


The multiyear agreement expands the existing relationship, with Wesco supporting all major aerospace and defense programs across GKN Aerospace's global footprint. The move is expected to help GKN Aerospace manage its process fluid in a more efficient and sustainable way, and forms part of GKN Aerospace's ongoing strategy to develop consolidated, global relationships with class-leading suppliers.

Todd Renehan, Wesco Aircraft's chief executive officer, said, "We're extremely pleased that GKN Aerospace has extended its relationship with Wesco, further validating the strength of our offering. The agreement adds more sites to the support we have provided GKN Aerospace's global business for nearly three decades. Our relationship with GKN Aerospace is another important example of the unique value Wesco provides customers in aerospace and defense, as well as the broader industrial sector."

About Wesco Aircraft

Wesco Aircraft is the world's leading independent distributor and provider of comprehensive supply chain management services to the global aerospace industry. The company's services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics and point-of-use inventory management. The company believes it offers one of the world's broadest portfolios of aerospace products, including C-class hardware, chemicals and electronic components and comprised of more than 560,000 active SKUs.

[gettingrichslow] 15/7/2019 22:25

Yes I remember you said you'd spoken to your brother in law in the industry who had suggested trouble was brewing. Your conclusion was don't touch with a bargepole. My conclusion was that it was 'strictly for lemmings only'. Porky thought it was a great buy and kept saying we hadn't got a clue. Share price collapsed soon afterwards!!!!

[brexitplus] 15/7/2019 16:26

Hi All

Been off to the delights of Hampshire for the weekend. Nothing much happening here I see. Great weekend in F1 and the cricket. Lots of excellent food, wine and local beer.

[gettingrichslow] 12/7/2019 22:51

Thanks for that Meanwhile. Great analysis.

[meanwhile] 12/7/2019 16:02

Another week of 2 steps back followed by one creep forward.
I think it shows how the speculators' market for MRO can still be panicked by a bit of irrelevant news but how the underlying longer term sentiment is now going positive.

And not before time. With the £/$ rate now at 1.25 and unlikely to increase in the near or mid future, the dollar value of Melrose businesses must look very cheap to the USA. I would think it can't be long before the Nortek businesses and the likes of Powder Technology are snapped up.

£3 by Christmas.

[meanwhile] 11/7/2019 08:49

A McDonald's lunchtime gamechanger.
Try crispy chicken or the new oven grilled chicken breast, with bacon, smoky BBQ sauce, cool mayo, tomato and lettuce in a soft, toasted tortilla wrap. Wrap of the Day every Tuesday and Sunday.

Follow it with a Dairy Milk McFlurry.

[ryelodge] 09/7/2019 16:44

No. Bonuses and greed may just be right. The read across from BASF looks a stretch, even for MRO "a huge Electronic (!! ) supplier to the automotive industry" including steering wheels.