Melrose Industries Share Discussion Threads

[brexitplus] 27/11/2019 16:06

As I posted yesterday

“Looking good again today, but will probably drop as usual over the next few days before a further climb. Pleasing developments in GKN will hopefully impress knowledgeable investors.”

Profit taking this morning set the tone but biggish buys this afternoon.

[essentialinvestor] 27/11/2019 15:24

Out today, luck to those holding.

[meanwhile] 27/11/2019 15:21

getting,

As a recovering 'Fregoloid', you must remember :-

Sliotar and MEANWHILE are not the same person.

[gettingrichslow] 27/11/2019 14:54

In Manchester today - what a mess! Homeless situation is worst I’ve seen in the UK. Dog poo on the pavements. Sick not cleaned up outside bars in the Northern Quarter. Not good. I thought Manchester was meant to be the most buoyant place in the North - if that’s right then I don’t fancy going to the worst bits.

[sliotar] 27/11/2019 14:33

Excuses.....excuses!

[yertiz] 27/11/2019 14:31

You just don't get it do you Sliotar/Meanwhile? My £3 by Xmas wasn't a forecast, more a friendly punt in the dark of what would'a, should'a could'a been if all Melrose's numbers came up. Namely selling off Nortek for a handsome profit (still likely to happen), turnaround of GKN's fortunes (happening now) and completion of Brexit (about to happen). It does seem much more likely MRO will be a lot closer to that mark in 4 weeks even without Nortek's disposal, making MRO very attractive indeed. Still, if you are Meanwhile in disguise, I'm just wasting my time with you.

[sliotar] 27/11/2019 14:08

Wow. That’s 3 financial wizards whose MRO price forecasts were out by only 3 years. Financial analysis not their strongpoint. Talk about a day late and a dollar short.

[eipgam] 27/11/2019 11:33

Peel Hunt: ‘tremendous’ Melrose is a ‘must-own’

Engineering buyout specialist Melrose (MRON) has delivered ‘relentless progress’ and it is a ‘must-own’ stock for Peel Hunt.

Analyst Harry Philips retained his ‘buy’ recommendation and increased his target price from 240p to 250p. The shares rose 2.5% to 237.9p yesterday.

‘Melrose spent the first eight months of the year being treated as a pure-play auto component stock but reassuring interims, and the subsequent trading update… have restored investor confidence,’ he said.

He said the shares had a ‘tremendous track record’ with 23.6% average annual shareholder return since its first acquisition in 2005. ‘Given these returns, we continue to view Melrose as a must-own stock with the debate around timing,’ said Philips.

[brexitplus] 27/11/2019 10:36

Thanks Tournesol

By the way, are we going to have the Melrose year end competition again. Or are we already decided on £3?😊😊;😊

[tournesol] 27/11/2019 10:31

B+

Incidentally, if you do get to the Gulbenkian make a point to have lunch there. It's utterly fantastic and amazingly cheap. It's been set up to showcase Portuguese food and it's so successful that all the local residents and office workers use it as a canteen - its a v relaxed cafeteria vibe. But the food was amongst the very best we had in Portugal and possibly the cheapest.

T

[gettingrichslow] 27/11/2019 10:22

Sliotar can’t seem to get anything correct. Remind you of anyone?

[yertiz] 27/11/2019 10:08

I think not, Sliotar. It was I who predicted £3 in 2017. Do wish you'd get your facts right. Are you sure you aren't Meanwhile?

[sliotar] 27/11/2019 09:56

The same two financial wizards on this board were forecasting £3 by Christmas in 2017 and 2018. Let’s hope it’s third time lucky.

[tournesol] 27/11/2019 08:16

B+

Great place Lisbon. Worked there for 3 months in early 80's. Went back last year and enjoyed it immensely.

Strongly recommend Gulbenkian Museum - IMHO it's one of the best in the world - I'd never heard of it before our recent visit but it was the highlight of the trip.

Fabulous food and wine.

Hope you enjoy the trip.

T

[brexitplus] 27/11/2019 07:52

Morning getting. £3 by Christmas looking possible with a big sale. Top team at Melrose.

Speaking to my friend at GKN Aerospace in Bristol last night, he says that despite initial concerns Melrose have been a “breath of fresh air.”

[gettingrichslow] 26/11/2019 23:53

Meanwhile, how is your Stirling Industries investment going? Have there been any updates recently (on 19 November maybe)?

[meanwhile] 26/11/2019 22:51

"I'm putting all my eggs in one basket,
I'm betting everything I've got on you.
And, I'm giving all my love to one baby,
Lord help me if my baby don't come through."

Fred Astaire

[gettingrichslow] 26/11/2019 22:02

B+, yes, great day today. Need to start the Christmas share price competition soon. Could it be £3 by Christmas?

[brexitplus] 26/11/2019 16:33

Good day. Everyone is in the money.

[brexitplus] 26/11/2019 10:17

Looking good again today, but will probably drop as usual over the next few days before a further climb. Pleasing developments in GKN will hopefully impress knowledgeable investors.

And Peel Hunt has today raised its target price to 250p.

[meanwhile] 25/11/2019 22:52

Sliotar and MEANWHILE are not the same person.

[gettingrichslow] 25/11/2019 19:49

Just think Meanwhile, if the recovery continues you might be able to afford some new beige carpet and a decent coffee table!!
😂😂😂

[sliotar] 25/11/2019 17:28

“We’re in the money”...... the song is wafting through from the MRO Boardroom as the boys celebrate triggering a payment entitlement under their current LTIP. What’s driving the price tick up? Surely not the recent somewhat hyped results pitch? Maybe the rapprochement in the US / China negotiations? Perhaps some clarity on Brexit? It could be talk of a profitable disposal in the offing? Or maybe the market is seeing MRO as an LBO candidate. That would have the MRO boys dancing as well as singing. And there’s Still a month to go ‘TIL Xmas.

[brexitplus] 25/11/2019 16:34

A pleasing day sp-wise.