Melrose Industries Share Discussion Threads

[essentialinvestor] 05/3/2020 17:29

LMAO Jack!! Ouch.

[essentialinvestor] 05/3/2020 15:37

£1.85-90 an interesting buy area?.

[essentialinvestor] 05/3/2020 14:53

MRO usually takes a bit on market weakness, given the recent carnage on markets it
had held up well, at least until recently.

[thamestrader] 05/3/2020 13:32

If these go below 200p, I will struggle not to hit the 'buy' button.

[dround87] 05/3/2020 12:57

Ah! It doesn't happen often that I leave without a profit. But you know when you just know it's not going to end well?

[sliotar] 05/3/2020 12:43

A tough market to announce results into. However, the market needs a deal from MRO for a price revaluation. MRO has a tendency to gloss up its own performance in these results announcements while the numbers are confused by normalised, adjusted, underlying, etc. manipulation and use unhelpful comparators such as better than management's expectations. The Market does seem to have patience with the company but unless there is a healthy disposal soon that patience will evaporate.

[essentialinvestor] 05/3/2020 12:28

Traded a few this morning and agree we may see lower.

[stavros28] 05/3/2020 12:20

Melrose good long term hold , fill your boots on a second leg down in the main market , another 10% down move due shortly !

Bear Territory.............................. don't you just love it !

[aquaesulis01] 05/3/2020 11:22

dround, I day trade on good news as well and sometimes have to get out quick if I have missed something in the RNS; in this case the Melrose RNS is very good, no misreading and from experience worth waiting more than one day to collect a short term profit rather than take a hurried loss. P.S. It's poring down with rain in Bath :)

[dround87] 05/3/2020 11:11

Not really. I do a little on good news if I have spare cash. Which I have loads of right now. Keeping powder dry for a rainy day.

[yertiz] 05/3/2020 10:32

Dround87, are you a day trader per chance? Melrose isn't the company for you, it's a medium to long term hold. Having said that I very recently sold all at £2.20 and bought back at £2.09. Some big returns from Melrose expected this year, blink and you'll miss it!

[dround87] 05/3/2020 08:39

Taken a loss and gone. Oh well! Good luck guys

[brexitplus] 05/3/2020 08:08

Excellent results.

[dround87] 05/3/2020 08:04

10k at 212

[brexitplus] 05/3/2020 07:44

Good results.

[dround87] 05/3/2020 07:34

Too late to sell if you were holding. If you're not then stagger buys over the course of this crisis. Because its not going to last forever. HSBC reckon they can take a hell of a beating and get back up. So take advantage. I reckon I'm coming in here for a quick one today.

[jackdaw4243] 03/3/2020 17:28

At my age I more interested in AGL than IAG, a cure for one problem overrides the desire to fly.

[gettingrichslow] 02/3/2020 19:50

Jackdaw, yes ‘Sell’. I think they’re in big trouble. They’ve just started cancelling USA-UK flights and that’s one of the few routes where they make any money!

[jackdaw4243] 02/3/2020 18:38

Meanwhile

Like the Photo :-)

[jackdaw4243] 02/3/2020 18:36

Anyone got a view on IAG at this level.

[yertiz] 02/3/2020 12:29

I think the panic is entirely rational, a pandemic from Covid-19 is terrible, the mortality rate being at least 10 times that of seasonal 'flu. Wise choice to exit the markets and sit on a cash pile - stop losses DO work!

[tournesol] 01/3/2020 12:50

I sold everything last week and am now 100% in cash.

I fear that irrational panic may take the markets much further down and see no reason to go down with them.

Can't see a recovery until the scare around Covid9 gets to its maximum extent and think we are still a long way from that.

My plan is to spend the intervening time researching re-investment targets = the companies which are most likely to recover strongly in a timely fashion. And then drip feed back into them as the recovery starts.

Background is that I am retired and have been drawing down my portfolio for 20 years. I do not actually need any massive upside but I do need to avoid massive downside. I have the luxury of being able to wait on the sidelines until the earth stops trembling.

[gettingrichslow] 01/3/2020 10:31

Interesting decision Jackdaw and you may well have done the right thing. Although I don’t think you classify as one of the first out of the door if you only did that on Friday! (I bet you wish you’d done it on Monday!)
Trouble is that the markets can suddenly move just as quickly back up and you can get left behind. That happened to lots of people in 2009 in particular and some of them would have then missed out on the 10 year bull market.
That said, I am seriously considering selling all my MRO if this continues next week. Although the share price seems to have fallen significantly it only takes us back to a few months ago so it could have a lot further to fall? Any thoughts from others?

[jackdaw4243] 28/2/2020 18:21

In times of panic the first out the door is a winner, halved all my position just before close of play. See what Monday bring, I subscribe to two invest platforms and they say FTSE sub 6000.