Melrose Industries Share Discussion Threads

[seagreen] 15/5/2020 15:52

cheap as chips .....for those who do not mind chop....nice UT close of 5m

[paulof2] 14/5/2020 17:24

Was pleasantly surprised my order filled at less than 80 today could be a wild ride though

[jackdaw4243] 14/5/2020 15:35

Added a few, that should be the kiss of death, also bought RR to average what is a horrible position. Also went back into AZN have had a good run over the past few months.

[paulof2] 13/5/2020 16:09

Can’t help but think this is starting to really show some value now.

Could it end up back down at the low of 74

[susiebe] 13/5/2020 08:56

Thanks.Debating a buy here.Hoping its a good point to buy in,fingerscrossed in this market

[knowing] 13/5/2020 08:44

CITIGROUP CUTS MELROSE PRICE TARGET TO 130 (135) PENCE - 'BUY'

[gettingrichslow] 13/5/2020 08:42

‘Intellectual piece’ - from the intellectual powerhouse that went to Pontypridd Polytechnic and can’t even spell properly!!

That should be fun reading that Minny! Was it from the Daily Star? Has it got words as well as pictures? 😂😂

[minerve 2] 12/5/2020 09:31

Best not to be holding companies with large debt and pension fund deficits in times like this.

I may post an intellectual piece on here later. Getting, BrexitPlus - it will be above your head so just skip. Meanwhile you may find it interesting....

[gettingrichslow] 07/5/2020 17:41

Darrin, depends how the Covid period decline was split between mid March and April - I reckon April could have been down 65%-ish which is why they haven’t provided a more granular split of the numbers. Who knows how many more months of that kind of run rate there could be?

[1jezza] 07/5/2020 16:37

Too much personal puff on Management in these MRO releases.

[darrin1471] 07/5/2020 14:16

"The Group traded in line with expectations from 1 January 2020 until mid-March 2020, at which point the worldwide impact from COVID-19 caused significant disruption, resulting in many factories being shut or remaining only partially open. As a result of the effects from COVID-19, Group sales in the Period were down approximately 20% versus the same period last year"

Jan to mid Mar in line with expectations.
January to end of April down 20%
Therefore Covid-19 period Mid March to end April down approximately 50% ???

[paulof2] 07/5/2020 11:31

Being honest I thought the trading update would have been worse. I must admit I did panic sell the remainder of my shares last night anticipating a crash today.

I still think at 90 this is immense value and will be looking to rebuy when it hits the bottom of the seemingly clear trading range.

Share price down 60% with sales down only roughly 20% on a group level and that’s essentially at the worst we’ve experienced with more factories reopening albeit slowly can’t help but think this is undervalued still

[erric] 07/5/2020 08:45

Not sure what else they could have said with much confidence.
I’m happy they still have the same large capital buffer as earlier in the year and am hoping that the China Re-start will give some optimism to shareholders

[gettingrichslow] 07/5/2020 08:13

Not sure I can ever recall a less insightful trading update.

[jackdaw4243] 05/5/2020 15:53

Getting

A good entry point for MRO, stop playing with Ammu, he should be doing his homework.

[gettingrichslow] 05/5/2020 08:15

CNBC tweet this morning “Warren Buffett’s Berkshire has now underperformed the broader market this year to date, and over the last 5 years, and over the last 10 years”

[gettingrichslow] 04/5/2020 14:43

“I need to see the impact of aerospace business”

I think we know that already Ammu. It’s worse than horrendous. What more are you waiting to see??

[ammu12] 04/5/2020 09:07

I think Melrose is an amazing company and excellent management however I need to see the impact of aerospace business before back in.Watching from the sidelines now....but will be back in as I like GKN

[paulof2] 04/5/2020 09:01

Selling at 105 worked remarkably well but there’s some good points posted here about the impact of aerospace perhaps 90 isn’t such a good buy anymore

[gettingrichslow] 04/5/2020 09:01

You’ve changed your tune Ammu - only recently you were dismissing the suggestion that this was looking grim for Melrose!

[our haven] 04/5/2020 06:57

0405. It's the right business and safety of staff decision, but I agree with you that they should have for the apprentices only made up the other 20%.

[0405] 04/5/2020 05:17

And I don't agree with Melrose policy of furloughed staff, especially the apprentices,some in their first year,they get about 15 k salary,do you mean to say those rich board members couldn't keep them on,shame on you,how much salary and bonus did you get when you took over GKN

[0405] 04/5/2020 05:11

Agreed and we're joined by Mr Buffett himself having just sold his entire holdings in his American airlines,not reduced sold out lock stock and barrel,what does that tell you