Melrose Industries Share Discussion Threads

[bookbroker] 20/4/2020 12:06

Gaps to infill, particularly Friday open, then down to 75 to close that one, not suggesting it will but they are there and now present!

[meanwhile] 20/4/2020 10:58

"The business is well run. In early March the industrials group announced full-year revenues rose 34% to £ 11.6bn. Operating profits rose 35.5% to £ 1.1bn. So, assuming COVID-19 doesn’t close down the business for too long, it should come out the other end of this stronger. Especially if it means competitors go out of business, which is highly likely."

Some of you are living in a world of dreams.
If you expect the world to eventually 'get back to normal', you should think again.

[ammu12] 19/4/2020 15:39

Airbus uk site Airbus confirmed earlier Friday that employees in Broughton, Wales, and Filton, England, will resume work next Monday after a 3 1/2-week break.

[ammu12] 19/4/2020 15:27

The business is well run. In early March the industrials group announced full-year revenues rose 34% to £ 11.6bn. Operating profits rose 35.5% to £ 1.1bn. So, assuming COVID-19 doesn't close down the business for too long, it should come out the other end of this stronger. Especially if it means competitors go out of business, which is highly likely.

[bookbroker] 19/4/2020 14:51

As they still have not rectified the issues with 737 MAX it is hardly worth celebrating, this company will not benefit for some time, and who is say that the work pattern will be modest at best!

[ammu12] 19/4/2020 11:53

5000 order backlog wow...Boeing back to work from Monday that's good news for Melrose aerospace. Germany is already back to work so should be good for the automotive business. We should see some sort of recovery soon hopefully.

[jackdaw4243] 19/4/2020 11:09

From an old report last week, I understand GKN supply via Fokker lots of bits to Boeing. So good news if they are starting production at Boeing.

"Despite all the government bailouts, it’s looking pretty dire for airlines, aircraft manufacturers, and aerospace. Boeing has seen over 300 orders for its cursed 737 MAX plane cancelled – though it still has a 5000 plane backlog. Thousands of small suppliers rely on orders from the engine makers and plane makers."

[ammu12] 18/4/2020 15:04

Again it seems like you can't let go Melrose after you've sold out and still trying to justify your sell. Let it go.....Economy is already Shyte but there is some positive last week so hopefully we should see some recovery.....

[gettingrichslow] 18/4/2020 14:05

Ammu, we all know the business is well run, but unfortunately that counts for nothing when a pandemic has just shut down the global economy. I’m not sure if you are deliberately being argumentative or whether you’re just a bit dim, but you must be able to see the problem with your statement “assuming COVID-19 doesn’t close down the business for too long”? That’s the whole point - NO-ONE HAS GOT ANY IDEA WHEN THIS WILL BE OVER - read the Harvard research released a couple of days ago, or the University of Washington research if you want to see what the two world leading research organisations are saying on it. Once you’ve had a read, come back on here and tell us when you think the prospects are likely to be looking rosy for Melrose.

[ammu12] 18/4/2020 13:39

The business is well run. In early March the industrials group announced full-year revenues rose 34% to £ 11.6bn. Operating profits rose 35.5% to £ 1.1bn. So, assuming COVID-19 doesn't close down the business for too long, it should come out the other end of this stronger. Especially if it means competitors go out of business, which is highly likely.

[ammu12] 18/4/2020 11:39

Hence why share price is sub 100 and not 300. You reckon when this will all end share price will be this low? Not sure the point you are trying to make.

[gettingrichslow] 18/4/2020 10:50

Ammu, I’m only spending time justifying it because you questioned it! I want to get back in at some point because I really believe in the management team and their ability to add huge value to businesses. This is my second favourite share, they’re just very unfortunate to be in the end markets they’re in with the current lockdown situation which could go on for a long time, especially if we get multiple waves of the virus.

[ammu12] 18/4/2020 09:36

As I said good for you. What I don't get is why spend time in here now justifying your sell? You've sold time to move on I guess....

[gettingrichslow] 18/4/2020 09:32

Ammu, here is my full post from 07 March when the case count was rising exponentially but the UK, the USA and others were all in denial, even allowing Cheltenham to go ahead with 240,000 people at close quarters - what could possibly be the harm in that?!. Now be honest, does my post look like ‘luck’ or ‘judgementR17; to you??

gettingrichslow - 07 Mar 2020 - 14:40:54 - 11206 of 11373
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.

[ammu12] 18/4/2020 06:31

FED'S BULLARD: FED IS WILLING TO DO MORE TO ENSURE MARKET LIQUIDITY

[ammu12] 18/4/2020 06:27

Lol so you knew about the virus when you sold out at 214 and the world economy would collapse? You just got lucky. Anyways, it's natural to be pessimistic when you sell out. Good luck.

[gettingrichslow] 17/4/2020 23:01

Not a pessimist Ammu, just a realist. Which is why I sold out at 214p when it was obvious the global economy was going to freeze up. As posted here in early March. There seem to be a lot of deluded people in the markets at the moment!

[ammu12] 17/4/2020 21:11

Ahhh the pessimist is here with more depressing stuff. See you at 120 next week ;) Good luck with that short ouch....

[gettingrichslow] 17/4/2020 19:15

£3 by Xmas surely. After all, the global economy is going great guns, a vaccine is surely just around the corner, and we’re already at 4% herd immunity, only another 56% to go. Not to mention only 16.6m people in the biggest economy in the world have lost their jobs in the last two months. What’s not to like Ammu?

[ammu12] 17/4/2020 16:40

Next week 120p...

[ammu12] 17/4/2020 15:48

Getting rich slow ? Maybe you should change it to getting poor fast for you boy.

[gettingrichslow] 17/4/2020 15:29

Good god. I didn’t think this board could get any weirder and then Ammu12 turns up. Let’s hope there aren’t another 11 Ammus out there.

[ammu12] 17/4/2020 13:52

What do you mean ?

[paulof2] 17/4/2020 13:22

Let’s see if this continues

[bookbroker] 17/4/2020 08:08

Calm down!