Melrose Industries Share Discussion Threads

[essentialinvestor] 10/3/2020 16:35

So directors bought again, under £1.70 looks a decent longer term price imv.

[yertiz] 10/3/2020 16:29

I've done very well in 20 years or so of self investing in ISAs, but at this point in time I'm transferring out all my cash and closing all my holdings in ISAs and buying another property. Either that or buying lumps of gold seems the only way forward at present!

[gettingrichslow] 10/3/2020 16:15

Yertiz, I’m in exactly the same boat. Trouble is I’m now at risk of a bank defaulting because I’ve got more than the FSCS limit in various different ISAs!

[yertiz] 10/3/2020 15:58

Cash is king in these times. As expected, there was a market bounce today in response to yesterday's massacre, but nervousness is returning, FTSE dropping, Dow uncertain. No end in sight to this madness IMHO. Seems the Saudis, Russians, Chinese and Covid-19 have conspired to destroy Western wealth. I am almost totally out of stocks 'n shares, sitting on my pile of cash wondering if ever there is a time to get back into the market or whether I should just invest in bricks and mortar...preferably not on a flood plain.

[gettingrichslow] 09/3/2020 23:16

Meanwhile, we’ll if it’s making you worry then you’ve done the right thing. It’s a big decision for you, I’m guessing, because you’ve said before you’ve got a lot of your eggs in this basket. I must admit, I’ve got lucky here because I bailed out at between 203p and 214p when I decided this virus panic is going to get a lot worse before it gets better. I also sold off most of my other biggest holdings last week, taking a big hit versus the peak, but protecting against any further collapses.
It really is a mad situation, where as you say, one minute a guy is selling exotic meats in a market in Wuhan, the next we’re bailing out of Melrose!
Best wishes,
Getting

[meanwhile] 09/3/2020 12:16

getting,

For once, my friend, you make a lot of sense.
I think the longer term effects of this could be very substantial for companies with activities reliant on increasing globalisation, a trend which will now be seriously questioned, however severe the eventual outcome of this crisis.
In addition, the disposals we were all waiting for to boost the shares now look a long way off.

Personally, I'm almost completely out of MRO now; I've just kept a few for purely sentimental reasons. I've experienced at least 2, it might be 3, previous severe market falls and, recalling these, I just don't want the worry associated with another one. I find them very depressing, which I admit now is a particular weakness of mine.
So I'd much rather be out and without a care whether they go up or down. It's a good feeling.

brexitplus's £3 by Christmas, which looked just round the corner, also now looks a long distance away.

[blue square] 08/3/2020 15:47

glad to see this share fall hopefully it goes below 1.50

[aquaesulis01] 07/3/2020 17:22

4.5 billion airline passengers per annum last year and good to hear it sounds like you'll be doing your bit to maintain the volume. Look, two things will happen over the next month; either the number of cases will start to decline or it will spread everywhere and people will just have to get on with their lives and the market will rebound as it always has in the past. So agree short term is likely to be volatile but as I said mid to long term things will pick up.

[gettingrichslow] 07/3/2020 16:54

Acquae, well I’m actually flying to Gran Canaria in a few weeks, then Malaga in August, then Valencia in the Autumn. Business trips to Frankfurt and Austin, Texas too. But it’s not what I’m doing that matters, it’s what the other 7.6 billion people are doing, and it doesn’t look great, and it’s already translating into aircraft orders...

Reuter’s: European planemaker Airbus (AIR.PA) failed to win any new aircraft orders in February, it said on Thursday, providing further evidence of disruption across aviation industries from the global coronavirus outbreak.
Airbus also said it had no received no cancellations during the month and delivered 55 aircraft, bringing its total for the year so far to 86, fractionally below the same period of 2019.
It is the second time in as many months that a leading manufacturer has failed to generate sales in a calendar month after Boeing drew a blank in January for the first time in decades.

On your comment about me having no financial interest, you couldn’t be more wrong - I have huge respect for the Melrose management team and will be piling back into MRO as soon as the outlook improves because I’m convinced they will turn GKN around and add massive value. It’s just very unfortunate that the current situation in their main markets is dire - not their fault obviously!

[jackdaw4243] 07/3/2020 16:26

Meanwhile

:-)

Not a meat dealer I am sure the real cause is "Powdered Rhino Horn and Ivory ornaments".

[aquaesulis01] 07/3/2020 16:25

Well good luck to then getting, at least you can now chill and relax at home as you obviously have no plans to travel away on holiday over the next 12 months which will also probably leave you with plenty of time on your hands to haunt a BB where you no longer have any financial interest.

[gettingrichslow] 07/3/2020 14:40

Aquae, how could you possibly know it is only a short term demand decline? Do you know for sure that this is all going to blow over quickly? There is no way of telling - therefore there must be a risk of it having a longer lasting effect. And that is what the market is already starting to price in here. My personal view is that the risks here are substantial until there is a clear decline in cases. Hence my full exit after many years of holding.

[aquaesulis01] 07/3/2020 13:27

gettingrichslow, and you are completely wrong to relate future mid to long term new aircraft build and demand with short term demand decline in current aircraft travel.

[gettingrichslow] 06/3/2020 19:50

Turvart, you are completely wrong (not for the first time). Check out the company’s website:
“We are at the forefront of aerospace trends and technology, enabling our customers to build and operate smart innovative sustainable and affordable aircraft and engines with our advanced solutions – for use in aircraft ranging from helicopters and business jets to the most used single aisle aircraft and the largest passenger planes in the world.”

If you click on the ‘Sales’ tab you’ll see that 71% of GKN’s sales are to commercial airlines, 29% is military.

[turvart] 06/3/2020 18:58

This is a screaming buy, What is gettingrichslow is going on about when he mentions? " and aerospace when people are ceasing to fly" has basically got nothing to do with passenger numbers wanting to fly, MRO is an aerospace defence stock for the UK, this is not British airways or easyjet LOL!

[gettingrichslow] 06/3/2020 18:22

Meanwhile, and in that situation, presumably you’d agree that the last thing you’d want is to have all your eggs in one basket, where that basket is highly exposed to Chinese car buying (down 92% in Feb!) and aerospace when people are ceasing to fly??

[essentialinvestor] 06/3/2020 14:57

Directors here usually time this well imv, watch for any significant insider buying.

[gettingrichslow] 06/3/2020 14:13

This is really tanking now. Sad to see after being a holder for so long but I’ll continue to watch and will probably pile back in at some point in the summer, maybe earlier.

Meanwhile - if you’re reading this i think you should seriously consider reducing your exposure to MRO until there is greater clarity on the virus situation. You don’t want to watch it drift down too far.

B+, have you exited or are you hanging in there?

Good luck all with MRO if you’re still holding.

[dual313] 06/3/2020 09:36

I came in yesterday at 2.12 for the first time :(I assume the fall is the wider coronavirus issues and nothing fundamentally wrong with the company..

[essentialinvestor] 06/3/2020 08:59

Thanks for the view.

[thamestrader] 06/3/2020 02:31

I dipped in at 194 plus change. If it fails, next stop is low 160s, so i have kept some powder dry. For some reason i do like this company.

[jackdaw4243] 05/3/2020 20:31

Property never does you a bad turn, but IHT could be a problem.

[gettingrichslow] 05/3/2020 19:37

A question for you please? I’ve done some serious selling this week but now have the problem of what to do with the proceeds. I want to sit out for a few weeks/months while the virus panic subsides. But the cash sitting in each of various ISAs (on a number of different platforms) far exceeds the £85k FSCS guarantees and therefore is at risk (I think) if the provider (or the banks they use) was to go under. So I need to invest it in something safe so that it isn’t in cash. Any bright ideas anyone? What would you do?