Melrose Industries Share Discussion Threads

[meanwhile] 23/10/2019 09:27

MRO shares continue to climb but are not yet back to the level just before their GKN bid, and with the overall market at around the same level.

There may be, therefore, nothing in the price yet for advances at GKN, the recent rise being solely accounted for by evaporation of doubt around the merits of the acquisition, based on the latest trading results.

So the value creation at GKN, if any, is yet to come.

[brexitplus] 22/10/2019 08:11

GKN Powder Metallurgy, the world's largest producer of metal powder and parts, has acquired FORECAST 3D, a leading US specialist in plastic additive manufacturing offering a full range of services from concept to series production. The acquisition furthers GKN Powder Metallurgy's ambition to achieve global market leadership in industrializing additive manufacturing. The combination creates a geographic and market expansion for GKN Powder Metallurgy's conventional and additive manufacturing customers.

FORECAST 3D, headquartered in Carlsbad, California and founded in 1994, serves a diversified target audience in the North American west coast. Prior to the acquisition, GKN Powder Metallurgy's primary market focus was in North America's midwestern region, as well as Europe and China. By combining both businesses, GKN Powder Metallurgy now serves all markets with a full range of 3D printing production technology and an expanded global footprint.

"FORECAST 3D is a perfect fit," said Peter Oberparleiter, CEO, GKN Powder Metallurgy. "They are everywhere we aren't – geographies, markets, technologies and base materials. Combining our individual capabilities will present unparalleled advantages to our customer bases and enable us to cross-promote additive manufacturing in metal and plastic over more diversified markets. It is an important step on our journey to become No. 1 in this high growth market."

Leading a high-growth industry

FORECAST 3D leads the plastic 3D printing industry, with a fleet of industrial-grade HP Jet Fusion 3D printers. FORECAST 3D and HP Multi Jet Fusion technology both deliver industry-leading advantages in quality, speed and economics, complementing GKN Powder Metallurgy's advancements in metal 3D printing for mass production.

"At FORECAST 3D, our roots run deep in the world of nimble, low volume polymer additive manufacturing. As we continue to branch out and focus on high volume additive production, what better partner to pair with than GKN; a company that produces over 13 million parts per day?" said Corey Weber, CEO and co-founder, FORECAST 3D. "GKN's resources, production experience and footprint will be the perfect fuel for this new FORECAST 3D engine as we prime it for the new world of local, on-demand manufacturing."

Two HP strategic partners join forces

Both GKN and FORECAST 3D have been pioneers in using HP's metals and plastics platforms. As foundational partners in the HP Digital Manufacturing Network, this acquisition brings together two experienced parts producers to further accelerate the mass production of high-quality final parts for customers around the world.

"There is enormous opportunity for growth in 3D printing and it is exciting to see GKN and FORECAST 3D come together to push the boundaries in both metals and plastics mass production," said Christoph Schell, President, HP 3D Printing and Digital Manufacturing. "Customers worldwide now have the confidence of two of the premiere producers of 3D-printed parts at the ready to help accelerate digital manufacturing transformation and deliver innovative, high-quality applications."

[meanwhile] 21/10/2019 15:10

Well, I already see the answer to my question.

Up 7.5p. The effect of the demonstrator tools news is considerable.

[meanwhile] 21/10/2019 13:51

I wonder what the effect on MRO's share price will be when the market prices in the full potential of these 'mid scale demonstrator tools'.

[brexitplus] 21/10/2019 12:58

GKN Aerospace has reached a major milestone in the ‘Wing of Tomorrow’ programme after designing, manufacturing, and delivering a mid-scale demonstrator tool to the GKN Aerospace Filton facility. This tool provides a fully functioning automated low pressure RTM system for the Airbus-led programme’s composite wing spar. The spar is considered one of the most challenging aerospace components to design and manufacture, and this will be one of the first times that RTM technology has been used on this scale.

GKN Aerospace engineers have used proven tool-making knowledge from the automotive industry in developing the demonstrator. The 4-metre development testbed will deliver a rate 60 automated manufacturing solution and significantly improve the productivity of the composite manufacturing process, by removing one third of the production steps involved.

Technology will be moving from traditional, pre-impregnated resin material to dry composite fibres that are injected with resin as part of the initial manufacturing process for the wing spar. This will result in significant weight savings.

GKN Aerospace is using its world-leading capability in design and manufacture of composite Wing Spars and assembly of Fixed Trailing Edges - as proven on the A330, A400M and A350 - to mature the key technologies. The development work will stretch into 2021.

John Pritchard, GKN Aerospace’s CEO for Aerostructures and Systems Europe and Asia, explained: “We are proud to be a partner of Airbus in the Wing of Tomorrow research programme and excited about the delivery of the mid-size demonstrator tool. This development confirms GKN Aerospace’s world-leading position in not just RTM technology, but also in advanced aerostructures manufacturing. Combined with the Aerospace Technology Institute, which is providing vital support for the UK’s position on the next generation of aircraft, we will be able to deliver breakthroughs in technology as well as benchmark levels of price, quality and repeatability.”;

[essentialinvestor] 15/10/2019 15:58

Very nice day.

[essentialinvestor] 15/10/2019 11:01

Showing some significant relative strength here.

Going to take a lot to get this under 1.70 again.

[minerve 2] 14/10/2019 21:31

OK, I'll stay out of it. Good luck with your invite. 😎

[gettingrichslow] 14/10/2019 21:28

Now hold on Minerve, I invited Meanwhile, not you...now back off and let him reply. I’m pretty sure he’ll enjoy Vegas, he has a ‘fun’ side unlike you.
PS: 17 days to go until the shackles are taken off and we become a great global trading nation again. Have you got your bags packed for Stockholm yet? 😃

[minerve 2] 14/10/2019 21:03

Ah, good old Vegas, the mecca for morons. I doubt MEANWHILE is interested in a cesspit like that.

[gettingrichslow] 14/10/2019 19:40

Meanwhile, I’m going to be in Los Angeles in late November for 4 days. Despite not always seeing eye to eye I am rather fond of you, and we are both Brexiteers so we do at least have something in common. So I was thinking, how about meeting up in Vegas for a night out in Omnia or Hakkasan? Then we could go swimming in the morning before going our separate ways? What do you think?
Warmest, Getting 💕

[meanwhile] 14/10/2019 14:49

Minerve,
your excellent article on the use of leathers in early 21st century furnishings, will be lost on this chap 'getting', I'm afraid to say. With respect to materials of construction, I suspect he is more of a latex and rubber man, especially when fabricated into sheets, ropes and handcuffs.

On another subject, the response to my latest wallet photo has been 100% in the positive mode. This encourages me to continue the 2019 portfolio and additions will follow in due course. Given the recent, current and possible future progress of MRO, this could be fairly soon.

[essentialinvestor] 14/10/2019 10:56

No. The no deal mantra is risible. The UK would be back in negotiations
within weeks, at most. Short term market volatility yes definitely.

[tournesol] 14/10/2019 10:43

EssentialI

Aren't you forgetting something even more hurdly?

Six letters, begins with B..

[essentialinvestor] 14/10/2019 10:19

The opportunity in EV may be underestimated by the market.

There is one major hurdle left, the outcome of the next UK general election.

[minerve 2] 13/10/2019 22:25

oooooooooh, matron!

[keyno] 13/10/2019 22:03

Meanwhile: I hadn't realized that the photo you laid before us was merely one of your day-wallet. We eagerly await a photo of your evening/night/best wallet and shall prepare to be dazzled, nay bewitched by it and its contents. Do not disappoint us!

PS Word to the wise. I'd ditch the daffodil if I were you. It puts one in mind of the closing shot of "Carry on Nurse".

[gettingrichslow] 13/10/2019 22:00

“I believe you are not yet beyond help, if you choose to follow the guidance of Minerve and myself.”

Oh, ok, in that case I bet Keyno will quickly choose to start following the guidance of Minerve and Meanwhile!! I mean who wouldn’t given such a compelling argument!

Weird...and slightly disturbing...menacing even..

[minerve 2] 13/10/2019 20:27

Leather goods are supposed to be cherished as they age. I've bought a very nice leather arm chair for my study this year (cost me £2K) - well worth it though and I am looking forward to watching the leather age and get that natural gorgeous weathered look.

My car seats are the same - lovely supple nappa leather (are you aware of what that is getting? Probably not). You have to be careful with nappa as even finger nails can create havoc on them. My gf has lovely nails and sometimes my mind battles over gf's pretty hands vs my car leather. GF wins though, all the time. I'm a big softy, but I get my rewards, good ones! If you know what I mean. ;) LOL

I'm not planning on replacing my car anytime soon so I will watch it age as the years go by. I am done with cars for a long while.

[minerve 2] 13/10/2019 11:03

getting

"Meanwhile is definitely not the moneybags he always claims to be!!"

Neither are you. Fact!

I can spot wannabes a mile off.

[gettingrichslow] 12/10/2019 07:47

Keyno, you are right of course, it looks stained and sweaty, but there are even worse things in the photo. The table looks like a 1960s version of the kind of cheap side tables they sell in Ikea these days for a fiver. The carpet is a horrible grey colour, worn and cheap-looking. And the wine glass looks like something you’d find in a charity shop. Conclusion - Meanwhile is definitely not the moneybags he always claims to be!!