Melrose Industries Share Discussion Threads

[minerve 2] 30/3/2020 17:50

Ashtead is certainly one to watch. Probably going to fall more as the US starts to feel the pressure more - not pleasant but will push down the price. Ashtead is a good stock to hold in a portfolio as an hedge against catastrophe insurers. When hurricanes hit insurance companies get hit also but Ashtead gets a boost from rebuild whilst you wait for insurance premiums to pick up. :)

[yertiz] 30/3/2020 17:44

Thanks for the reply, Minerve2 - appreciated (honest!). I'm not buying anything until the smoke clears, then there'll be some BIG money to be made, providing I get in early enough. Melrose may not be at the top of my shopping list, but well worth a crack at sub - 80p.

Looking intently at rebuying Halma, Ashtead, house builders (Vistry, Redrow,) and infrastructure developers (Hill & Smith, Segro) if these are still in business by the end of June.

Stay virus free, safe and Indoors!.

[1jezza] 30/3/2020 17:40

As usual it would seem the knowledge of the profit warning etc statement was known by parts of the market by early afternoon as volume accelerated and those in the know got out. An unfortunate characteristic. Over the next few weeks there’s likely to be a tsunami of similar ftse 100 announcements. Debt management obviously must a priority for MRO given its balance sheet following GKN. Not convinced of the merits of gestures of 20% salary cuts and would assume no annual bonuses for a directors for a while. Biggest shame is that management was slow in getting even one post GKN disposal away last year.

[minerve 2] 30/3/2020 17:39

getting - living life by anecdotes yet again.

[minerve 2] 30/3/2020 17:38

“My brother is a GP and one of my best friends is a surgeon in the NHS and both of them have sold everything at any price.”

Professional investors then.

ROFLMAO!

[yertiz] 30/3/2020 17:36

Hello GRS, been away for a couple of weeks watching the carnage from afar. Still more to come before any improvement as UK plc is on complete shutdown. Interesting drive back from London at the weekend, M25 was a virtual car-free zone, nothing taking off from Gatwick or Heathrow, only a very few landing. The way forward is unclear, but expect the same or even more stringent controls in the weeks to come. 4 - 6 months before normality returns. As I said on Halma's bb, I'm sitting on my hands and on huge cash reserves, where my money is doing nothing, but shares are still falling. The end to this chaos is not yet in sight, but when it is, I expect Melrose to surge upwards, doubling in current values - that's where & when the big money will be made, IMHO.

[ali47fish] 30/3/2020 17:34

why has it fallen then please!

[minerve 2] 30/3/2020 17:29

Yertiz

Sure am. I bought a tranche or two in Strix about a week ago and am buying tranches in Philip Morris International (US) when it hovers around $66.

Some of my stocks - purchased in the last 12 months - are trading positive for me such as Phoenix Group Holdings.

You need to buy stocks close to inherent value. Mix bags like Melrose are very difficult to value.

Good luck!

LOL

[investor2018] 30/3/2020 17:24

getting rich- this RNS was posted at 1625 , by which time the share price was already 18% down. This would suggest to me that the dividend cut has already been priced in and is widely expected by the market, hence the big fall of late. Technically we are at a very important support level. For me, the risk/rewards from here are too good. I'm long. Probably a tree shake first thing.

[minerve 2] 30/3/2020 17:22

Pasta la vista Baby!

[yertiz] 30/3/2020 17:22

Still a buyer at these prices, Minnie - not that you have much funding left? LOLOLOL

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

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 17:06

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 16:52

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 16:44

Ha ha Getting!

ROFLMAO!

[gettingrichslow] 30/3/2020 16:41

Manonph, Have you read the trading statement?

[gettingrichslow] 30/3/2020 16:40

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 16:35

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.