Melrose Industries Share Discussion Threads

[brexitplus] 17/7/2019 09:22

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 23:25

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 17:26

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 23:51

Thanks for that Meanwhile. Great analysis.

[meanwhile] 12/7/2019 17:02

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 09:49

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 17:44

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.

[meanwhile] 09/7/2019 17:19

So today's reverse may have had nothing to do with Director bonuses and greed.

Just another wild market rumour.

[philanderer] 09/7/2019 13:17

Market report: Melrose slams into reverse as BASF warns on car trade woe


Serious question marks were raised over Melrose’s decision to buy engineer GKN today, as yet more signs of turmoil in the global car industry emerged.

The turnaround specialist won a hostile battle for GKN, which supplies aircraft and car components, with an £8.1 billion assault last year but a warning from chemicals giant BASF sent shivers down Melrose investors’ spines.

Germany’s BASF, the world’s largest chemicals firm, issued a massive profit alert, after the company became the latest victim of US President Donald Trump’s trade war with China.

BASF slashed its full-year profits forecast for 2019 by 30%, citing a decline in the car industry as the primary reason.

This had a knock-on effect on Melrose as GKN is a huge electronic supplier to the automotive industry, especially steering wheels and suspension systems, and has 29 production facilities in 23 countries, supplying over 90% of the world’s car manufacturers.

There are now worries among brokers that sales could be hit.

[minerve 2] 09/7/2019 09:58

Melrose bottom of the FTSE 350 and I thought this company didn't have problems. One would expect it from Kier, but Melrose?????

[minerve 2] 09/7/2019 09:57

"Yes I toss and turn at night worrying about Philip Green."

That's the problem. Too much apathy, ignorance, 'nothing to do with me attitude', laziness and cowardliness.

;)

[jackdaw4243] 09/7/2019 09:31

Oh Dear,that's not a good start to the day. My portfolio screen is Red and engineering taking a hit, surely it's not a Trump situation causing it.

[meanwhile] 09/7/2019 09:07

Bad start today.

No associated news but one rumour circulating in the market is that the Directors have completely spent their last bonuses, even overspent and gone into personal debt.
They are thought to be organising an 'Emergency Bonus', from Company funds, of £10M each, to bail them out.

[brexitplus] 08/7/2019 22:09

Jackdaw

If I dreamed of Philip Green, which thankfully I don’t, I would consider it a nightmare. Not a nice man, rather like Bercow.

[jackdaw4243] 08/7/2019 20:20

Yes I toss and turn at night worrying about Philip Green.

[meanwhile] 08/7/2019 18:32

Yes, our thoughts and prayers are with the executives of Deutsche Bank, and executives of other large organisations under threat, at this most difficult time.

[brexitplus] 08/7/2019 13:49

Getting

I’m glad Porky took our advice to sell Kier.

[brexitplus] 08/7/2019 09:21

Jackdaw

More mismanagement I’m afraid. I’m sure they will get big to huge payoffs.