Melrose Industries Share Discussion Threads

[brexitplus] 10/9/2019 12:34

I haven’t recently and don’t intend to post much here. Like Yertiz I have much more important things to do than waste my time here.

However, in response to meanwhile’s post re Sterling, his post is incorrect. The directors of Sterling are not former Melrose Plc directors; they are former directors of companies Melrose plc acquired and made considerable profits from in turning them round.

[essentialinvestor] 09/9/2019 12:08

There is one major hurdle left for Melrose re GKN - potential Labour government.
That might be pretty catastrophic for the SP, excluding that, very nice 5 year upside.

[meanwhile] 08/9/2019 22:12

Shares in the new Company Stirling Industries, set up by ex directors of Melrose, were suspended on 3rd Sept while the details of their first acquisition are finalised.

[gettingrichslow] 06/9/2019 17:33

“A mechanism I must say I had not previously heard of”

What?? Really?? Then you’re even more of a novice than I had even considered!

A few points of detail Meanwhile which I’ll spell out for you because I know you require simplicity:
1. The Burford price didn’t drop 50% ‘overnightR17;. In fact there was a steady fall of around 15% (from memory) the day BEFORE the really big hit when the Muddy Waters ‘dossier’; was released. If you ask someone to show you how to use a thing called ‘the internet’ then you could check for yourself.
2. You asked who I use to apply these mysterious stop-losses. In this case the answer is IG but you can do it on all platforms eg Hargreaves Lansdown, Halifax, AJ Bell etc etc
3. If you need any more help such as how to tie your shoelaces or how to use a wireless radio then please let me know.

Yours forever, Getting 💓

[meanwhile] 06/9/2019 17:07

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.

[jackdaw4243] 06/9/2019 12:37

A good write up in The Daily Mail for a change.

[meanwhile] 06/9/2019 09:35

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 09:23

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.

[galatea99] 06/9/2019 07:00

Note here on the large pension deficit and the commitments made to reducing it.

[gettingrichslow] 05/9/2019 22:33

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 💕 💗 💖

[meanwhile] 05/9/2019 21:37

I suggest you consult a meat cookery site for advice on gravy.

[jackdaw4243] 05/9/2019 20:10

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.

[essentialinvestor] 05/9/2019 13:43

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.

[meanwhile] 05/9/2019 13:41

Is this site a suitable place to deal with a matter on the level of gravy?

[ryelodge] 05/9/2019 12:58

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.

[meanwhile] 05/9/2019 10:24

It's good to see the old 'team' back together again.
We just need ryelodge now.

[gettingrichslow] 05/9/2019 10:18

Good results. £3 by Christmas.

[minerve 2] 05/9/2019 10:13

"Good results."

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

[meanwhile] 05/9/2019 10:09

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.

[brexitplus] 05/9/2019 07:54

Good results.

[meanwhile] 04/9/2019 09:59

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.

[minerve 2] 04/9/2019 09:33

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.

[meanwhile] 04/9/2019 09:31

Yes, Minerve was right.One of the consequences of Asset Stripping.

[minerve 2] 03/9/2019 22:55

GKN Aerospace to cut about 1,000 jobs in streamlining push

Oh dear. Look at what is happening.

Minerve right, yet again!