Melrose Industries Share Discussion Threads

[seagreen] 27/5/2020 11:43

should reach 1.50 and test resistance in due course ...0ne to sit on and hold for a few years

[knowing] 27/5/2020 11:36

WOW sitting on a tidy profit now

[yertiz] 27/5/2020 11:23

Keep away from the razorblades, Meanwhile.

[meanwhile] 27/5/2020 11:04

It's hopeless trying to raise my spirits, my friends. The market turmoil has drained me dry. I'm finished, all washed up.

In today's fast changing world, with motor vehicles - and television - going forward, I can no longer hit the ground running, I've no skin in the game, I'm afraid I'm past it. No more investing.

I'll just have to spend what I've made.

[seagreen] 27/5/2020 10:08

5 out of 7 brokers have it as a strong buy with targets between 1.37 to 1.67

[seagreen] 27/5/2020 10:05

David added at 1•83 and the directors have been adding at the bottom and aviva ....the directors see value

[sh1984] 27/5/2020 09:42

To put it simply, Its not the number of shares you buy, but the value of the share price you buy them which dictates the market price.

[erric] 27/5/2020 08:55

I’ve never understood how you can tell if one of your investments is being manipulated by algo trading so I’m extremely confused by the hundreds of individual transactions this morning for amounts under 1,000 shares.
Can anyone enlighten me ?

[davius] 26/5/2020 14:53

MEANWHILE, surely the market's malaise presents opportunity for sating your cupidity?

[our haven] 26/5/2020 14:52

The world is not enough comes to mind.Careful what you wish for. Most of us accept that being rich is enough to make a difference.

[gettingrichslow] 26/5/2020 14:48

Sorry to hear that Meanwhile. But hopefully you’ll be pleased to hear that it has accelerated my own plans to get properly rich. Getting out of the markets on 02 March and then slowly going back in is working beautifully so far. And all while I’m being paid my full salary to ‘work from home’ in the sun!

[seagreen] 15/5/2020 16:52

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

[paulof2] 14/5/2020 18:24

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

[jackdaw4243] 14/5/2020 16:35

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 17:09

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 09:56

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

[knowing] 13/5/2020 09:44

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

[gettingrichslow] 13/5/2020 09:42

‘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 10:31

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 18:41

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 17:37

Too much personal puff on Management in these MRO releases.

[darrin1471] 07/5/2020 15:16

"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 12:31

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 09:45

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