Melrose Industries Share Discussion Threads

[minerve 2] 30/3/2020 16:17

20% pay cut for one month is a 1.667% cut per annum.

Many of the UK working age population in the private sector have been taking that type of pay cut for over a decade until recently as their wage increases - if they had any at all - did not even keep up with the low inflation.

[jackdaw4243] 30/3/2020 16:06

A good sensible approach by the directors in these troubled times, a little different to these billionaire airline owner's who want a government bailout after objecting to help for Flybe.

Branson may have to dip into his own pocket and Haj with 30% of Easeyjet does want to have a fund raising cash call.

[meanwhile] 30/3/2020 15:52

Extract from today's trading statement :-

"Melrose is acting appropriately with regard to its employees and cost base and taking advantage of various Governmental schemes wherever it is suitable to do so, primarily in the UK and Europe. In many of our businesses (including Melrose) senior salaried staff are taking a temporary 20% pay cut to help support the business."

Oh, how awful. I hope these 'senior salaried staff' can survive on only 80% of their normal wage, otherwise we might lose their skills to competitor companies.

[minerve 2] 30/3/2020 15:44

Ha ha Getting!

ROFLMAO!

[gettingrichslow] 30/3/2020 15:41

Manonph, Have you read the trading statement?

[gettingrichslow] 30/3/2020 15:40

Interesting that we have no posts at all on here despite the trading statement, the dividend cut and a 17% one day fall? If ever there was a day for a discussion about future prospects of MRO it’s today isn’t it?

[manonph] 30/3/2020 15:35

Can anyone tell me what's caused the carnage today?

[jackdaw4243] 27/3/2020 17:56

At my local M & S everything seems normal, I put the bottles in the bag and walk out.

After paying.

[meanwhile] 27/3/2020 17:20

Neither, Tournesol.

I was referring to the cost of a Mcdonald,’s breakfast, predicting a moderate fall from current levels.

Regarding Melrose, I have no idea.

[tournesol] 27/3/2020 16:56

Meanwhile

£3 by Christmas

Share price or market cap?

[meanwhile] 27/3/2020 14:51

£3 by Christmas.

[gettingrichslow] 25/3/2020 22:46

Corbyn can’t even sort out anti-semitism in his own party! He led his party to the worst election result in decades. There is no reason at all to think he’d be on top of this virus if he was PM. You’re talking nonsense.

[minerve 2] 25/3/2020 20:54

Well, I am sure Corbyn would have had ventilators sorted and not panicking and pretending and lying that everything is in order like Boris the Doris.

The worst PM this country has ever had.

[gettingrichslow] 25/3/2020 19:31

Confirmation in post 11291 above that Minerve is indeed a prize idiot of the highest order. If the country hadn’t voted Boris in, we’d have Corbyn, Diane Abbott and Richard Burgon running the show. How do we think that would be going?

[jackdaw4243] 25/3/2020 17:05

Boeing may be the problem.

[henley2] 25/3/2020 15:13

Is this due a bounce at some stage?
Looking at the likes of Boeing, Meggitt and the airlines, slightly surprising that it hasn’t yet.

[thamestrader] 25/3/2020 08:16

hxxps://www.janes.com/article/94999/covid-19-aerospace-companies-to-lead-national-ventilator-effort

[thamestrader] 25/3/2020 08:08

hxxps://www.janes.com/article/94999/covid-19-aerospace-companies-to-lead-national-ventilator-effort

[essentialinvestor] 24/3/2020 17:45

Well I was stopped out at D1.24 on the following Monday!. Don't usually use a stop loss, however given the volatility did so.

Had a look at this yesterday and have to be honest and say was not feeling brave enough to buy back in. Luck to those holding.

[minerve 2] 24/3/2020 16:58

AKA getting- the Burford guru -richslow.

[meanwhile] 24/3/2020 16:53

With MRO closing at around 103p, holders of MRO shares at the time of the Nortek Rights Issue of 2016, and taking up the new shares at 95p, will be showing a modest profit on those new shares.
I conclude this from the equation 103-95 = a positive number, +8 to be precise.

For an alternative viewpoint, and a contrary, qualitative analysis using words like 'discount', see some recent contributions from the poster getting- 'you can't make money from rights Issues, you only think you have' -richslow.