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MRO Melrose Industries Plc

673.00
2.40 (0.36%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Melrose Industries Plc LSE:MRO London Ordinary Share GB00BNGDN821 ORD 160/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.40 0.36% 673.00 674.40 674.60 679.40 667.00 670.80 5,187,852 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 4.93B -1.02B -0.7540 -8.94 9.11B
Melrose Industries Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker MRO. The last closing price for Melrose Industries was 670.60p. Over the last year, Melrose Industries shares have traded in a share price range of 350.65p to 679.40p.

Melrose Industries currently has 1,351,475,321 shares in issue. The market capitalisation of Melrose Industries is £9.11 billion. Melrose Industries has a price to earnings ratio (PE ratio) of -8.94.

Melrose Industries Share Discussion Threads

Showing 10526 to 10548 of 12425 messages
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DateSubjectAuthorDiscuss
06/9/2019
16:07
A good, and sustained, reaction to the H1 results suggests we may be entering a new phase of the cycle at Melrose, where true potential begins to be recognised in the share price.

However, better to be safe than sorry, so I have decided to employ the stop-loss method suggested to me by 'getting', a mechanism I must say I had not previously heard of.
I have set this stop-loss at 10%, a figure getting employs, to protect my gains made so far. With this in place, if, for example, the sunday papers reveal a chronic cooking of the books at Melrose, resulting in a hidden £20B debt, and the shares open on Monday morning at a mere 12p pence per share, my loss will be confined to 10% of today's price, you see.

I don't know why everybody isn't doing it.

meanwhile
06/9/2019
11:37
A good write up in The Daily Mail for a change.
jackdaw4243
06/9/2019
08:35
gettimg,

I can see why you have entered another of your 'malicious' phases and I understand this fully from my compassionate nature.

The severe demise of your hotshot shares in BUR and PLUS/MINUS500, coupled with the recovery in Melrose (in which you believe I have my major holding), is indeed a dreadful blow to you.
I do understand and will make allowances for you at this difficult time.

Now just clear off.

meanwhile
06/9/2019
08:23
getting,

The stop-loss order you entered for BUR must have been of a unique and wonderful form.

Normally with a stop-loss of 10% below your purchase price, the stock would be sold when the share price falls below this level, but the price you get is the prevailing market price, not the stop-loss price.

So if a share falls 50% overnight (as BUR & PLUS500/MINUS500 did recently) you're not going to limit your loss to 10%.

Let us know who gives you the wonderful version.

meanwhile
06/9/2019
06:00
Note here on the large pension deficit and the commitments made to reducing it.
galatea99
05/9/2019
21:33
Meanwhile, I have to say that despite our differences, I did feel rather sorry for you when you got ‘taken down’ earlier today by Chimers on the BUR thread. Certain words are, I believe, rather beyond the pale, and the one he used to describe you was definitely in that category!! Hope you are ok, love Getting 💕 💗 💖
gettingrichslow
05/9/2019
20:37
I suggest you consult a meat cookery site for advice on gravy.
meanwhile
05/9/2019
19:10
Just landed in Jersey after a few weeks at sea, what welcome news breaking 200.I hope politics and Boris have not been controversial in my absence whilst battling the elements in Biscay. Looking forward to some beef with a good gravy, any suggestion welcome.
jackdaw4243
05/9/2019
12:43
These are exceptional results. There is little question left that MRO
will once again deliver, this time on a much bigger scale.

Disposals will come in time, it's not an issue and they reap the cash flow
in the meantime.

essentialinvestor
05/9/2019
12:41
Is this site a suitable place to deal with a matter on the level of gravy?
meanwhile
05/9/2019
11:58
MRO results and associated pitch are becoming somewhat bland and predictable -- a bit like Bisto gravy. They need urgently to go back to basics and produce a major disposal which will really boost shareholder value -- a bit like the large shot of sherry in Jamie Oliver's gravy recipe.
ryelodge
05/9/2019
09:24
It's good to see the old 'team' back together again.
We just need ryelodge now.

meanwhile
05/9/2019
09:18
Good results. £3 by Christmas.
gettingrichslow
05/9/2019
09:13
"Good results."

You need to qualify that. Not good results for the 1000 being made redundant.

minerve 2
05/9/2019
09:09
The first wallet photo from my 2019 portfolio is now on my profile, under the 'photos' tab. This has been triggered by today's good news and a rise in the share price

Gone is the brash, vulgar portrayal of greed and lust for money, found in earlier wallet photos, replaced by a tasteful portrait of dignified prosperity.

Others in the collection will follow as the share price progresses.

meanwhile
05/9/2019
06:54
Good results.
brexitplus
04/9/2019
08:59
I had recently initiated a discussion of 'World Gravies' on another company's thread but I won't be repeating that here.

It might, however, be worth pointing out that there was some confusion on that site between the terms 'gravy boat' and 'gravy train'.

'Gravy boat' is a jug type vessel in which gravy is served at the table.

'Gravy train' is a fictitious transport vehicle in which certain company bosses, politicians and high earners continuously travel back & forth gorging themselves at our expense.
Such is the reputation of gravy as a luxurious delicacy.

meanwhile
04/9/2019
08:33
To be fair, my Rolls-Royce investment so far has also been a damp squib. I sold Rolls Royce and it is back on my watch list.
minerve 2
04/9/2019
08:31
Yes, Minerve was right.One of the consequences of Asset Stripping.
meanwhile
03/9/2019
21:55
GKN Aerospace to cut about 1,000 jobs in streamlining push

Oh dear. Look at what is happening.

Minerve right, yet again!

minerve 2
21/8/2019
14:29
It can be interesting, and sometimes quite telling, to look back at old news stories, forecasts and predictions, including this one from almost a year ago, based on MRO bosses own statements.

"Daily Telegraph, 30 September 2018
GKN owner Melrose is preparing to cash in on its turnaround of the US air conditioning manufacturer Nortek as part of a string of sales expected to raise up to £6bn.
Melrose bosses are exploring a sale of Nortek just two years after they snapped up the business for £2.2bn.
Chris Miller, the executive chairman, ¬signalled that the turnaround is complete. “We’ve owned Nortek for two years and you have to ask, have we got to the end of the improvement programme?” he told The Sunday Telegraph.
No decision has been taken, but Mr Miller said it could form part of a series of disposals in the coming months."

Since then we've also had talk of sales of Ergotron and GKN Powder Metallurgy.

We all know, of course, that nothing's happened yet. Something is overdue, or cancelled.

meanwhile
20/8/2019
08:34
Just in case, a thoughtfully positioned stop loss might be appropriate.
sliotar
19/8/2019
17:29
MRO Interim results to be announced 5th September, just over 2 weeks time.

So now is around he time that the market usually anticipates the performance figures and any other significant announcements, regarding disposals, closures, major investments etc. in this case.

A current price of 167p doesn't seem to me to include any good news in these various respects, so barring a major market movement downwards, I can only see a bit of a recovery in the price up to results day.

meanwhile
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