Melrose Industries Share Discussion Threads

[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?

[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.