Melrose Industries Share Discussion Threads

[tournesol] 27/1/2020 17:42

Minerve

there was wealth in your family or in your close circles

You say this after I've told you about my background?

You are completely and absolutely clueless. You are incapable of understanding the truth..

There is clearly no point whatsoever in my spending any further time talking to you. You have a fixed world view based on your pre-conceptions and prejudices. You are uninterested in and impervious to any evidence, any facts, any analysis which disproves your rigidly held ideas.

Filtered.

[meanwhile] 27/1/2020 17:40

I suggest that we ban long extracts of posters' memoirs from publication on this site.

[meanwhile] 27/1/2020 17:38

I suggest that we ban long extracts of posters' memoirs from publication on this site.

[minerve 2] 27/1/2020 15:43

tournesol

Point taken. I hope you reciprocate by accepting my point on "Minerve". The excuse of predictive text is a poor one. After all, you should be the master of your tools, not the other way around. ;)

Having said that, you know what I meant when I wrote "affect". Whether it is used as a verb or a noun is for grammar, semantic and language pedants. I don't know if it has occurred to you or not that ADVFN is an investment website so the primary focus of discussion should be with regard to whether I am right or wrong on the matters of UK net contributions to the EU.

I was raised on a council house estate and my general education was poor, so I don't make any apology or excuse for my English. Obviously your English seems to be rather good so I am starting to think that your description of being brought up in "abject poverty" is rather disingenuous - unless you have self-taught English, well done to you, you have mastered the subject well.

I'm self-taught in business, finance and investing. :)

[tournesol] 27/1/2020 15:11

Minerve

You said

The net contribution is not known because you would have to calculate the affect of removing inflows of credit

In the sentence above "affect" is used a noun.

As a noun "affect" means the external appearance of an internal emotional state and in the sentence above it is obviously not what was intended by the writer.

Since you are reluctant to accept what I'm saying, you should look at other authorities. For example:



... The words “affect” and “effect” are frequently misused and confused, one being used incorrectly in place of the other. But they have no senses in common. Both words can be used as either nouns or verbs... But “affect” is almost always a verb, whereas “effect” is more commonly used as a noun than it is as a verb. “Affect” as a noun is almost entirely reserved for psychological jargon. ...“Affect” as a noun means an emotional state as contrasted to a cognition. “Affect” is a dimension of behavior rather than a separate segment of it.

Which is exactly what I said.

Do let me know if you need further help with this.

T

[meanwhile] 27/1/2020 14:29

Yes, 1jezza, I would just clear off.

[1jezza] 27/1/2020 14:22

Looked to see views on whether Melrose was seen as a buy with the current price dip but instead of insightful commentary on the stock and the Market I find 3 day's worth of absolutely infantile postings by what would appear to be four or five grown men or women.If this is the calibre of Melrose shareholders I think I'll pass.

[minerve 2] 27/1/2020 13:12

I knew it wouldn't be long before brexit would start referring to me as "porky". I must be annoying him by something I have said because I haven't directed anything towards him lately other than trying to find out more about his gardening.

[minerve 2] 27/1/2020 13:08

Sorry, I have given you respect by reading my paragraph again and my use of the word "affect" is appropriate and was intended.

[minerve 2] 27/1/2020 13:07

Ah, the predictive text error.

[tournesol] 27/1/2020 12:55

Minerve Sorry for mis spelling. iphone predictive text which I didn't notice. Fact remains that you have written Affect when you should have written Effect. No need to be quite so defensive about a simple mistake. Especially if English is not your first language. T

[brexitplus] 27/1/2020 12:48

Tournesol, I think you are incorrect in calling Porky “Minerva”; - Minerva was the goddess of wisdom so inappropriate usage.

[minerve 2] 27/1/2020 12:23

Now run along little boy, you've had such a hard life. I would hate to think you are wasting your time here on ADVFN when you could be enjoying the fruits of your ever so hard endeavours. ;)

[minerve 2] 27/1/2020 12:21

Tournesol

It is "Minerve" not "Minerva".

You are getting mixed up between the English and the French version, and I thought you were well versed in French? ;)

[tournesol] 27/1/2020 12:20

Affect as a noun means external appearance of internal emotional state. Obviously that's not what you meant. The word you meant was Effect (noun) which means impact or result. HTHT

[tournesol] 27/1/2020 12:17

Minerva

You are getting mixed up between AFFECT and EFFECT. Its a common enough mistake which results from the close similarity between these two different words.

Correct usage is made more difficult by the fact that both words occur as both nouns and verbs. The relationship between the n and the v is counter intuitive. If something Affects (verb) you then it has an Effect (noun) on you.

[meanwhile] 27/1/2020 10:47

Minerve,

You're absolutely correct about getting's complete ignorance, and I'm giving up reading his posts.
He has no logic at all.
He tells me yesterday that I can't have made money on the last MRO Rights Issue in 2016, I only think I did.

Well, if you bought MRO in Feb 2016 at 294p, held the shares until they rose to a peak of £8+ in July 2016, on the announcement of a 12 for 1 Rights Issue at 95p to buy Nortek, sold some of these MRO at prices between 550p and 780p in July 2016 to fund the take up of the new Rights shares at 95p, these new shares opening in August 2016 at 160p, and now trading at around 240p, then I think this buyer has made money on the Rights issue - rather than just thinking he has.

[brexitplus] 27/1/2020 07:35

Getting 😄😄😄😄8516;

[minerve 2] 26/1/2020 22:23

No good long-term investor would use stop-losses, end of.

Show me a portfolio with stop losses set at n-10% and I'll show you a portfolio destined to lose 10%! ;)

[gettingrichslow] 26/1/2020 18:27

As you know Meanwhile, you didn’t understand the mathematics of rights issues, and seemed to think that the ‘discounted217; price of the newly issued shares was somehow ‘free money’. I had to give you a fully worked example to explain it!! If you look at the RPC board you’ll see that numerous other posters also fell for this common misconception, until many other posters (including me) explained why it isn’t so. Unlike you though, they were all quick to understand their mistake.
And on stop-losses you said you’d never heard of them and demanded to know ‘which broker provides them’!!!!!

[meanwhile] 26/1/2020 18:13

"And all this and he doesn’t even know how negative yielding bonds work?"

Not to mention rights Issues and Stop-losses.