Melrose Industries Share Discussion Threads

[babbler] 22/7/2020 10:02

Ftse down...

[bookbroker] 22/7/2020 09:47

Just an opportunity for traders to rattle the share price, the company is doing much to mitigate the ongoing effects, their banking arrangements appear intact until 2021 at the earliest, and by then they will probably have Nortek ready to go.

[archy147] 22/7/2020 09:26

What's happened here puzzles me somewhat. I thought most share prices were more than factoring in the negative impact of COVID.

MRO release a statement which is broadly postive in the current circumstances. Indeed they even state "All of this currently gives hope for a faster recovery than was sometimes feared would be the case though it is too early to be certain of this".

And the result is a 15-20% drop in the sp?

It doesn't bode well for what will happen to other companies sps when they release their trading updates. If good(ish) news = a tanking of the sp, what will bad news doo??

[bookbroker] 22/7/2020 08:46

I think the management are pretty deft at taking costs out of businesses, and that this is still a medium term objective. The coronavirus has caught them and many other much bigger manufacturing businesses in the loop, but experience here suggests they will strip more excess from the businesses that they took on with GKN, the Nortek business will be readied for sale or IPO, and the focus will be to realign existing business for the future without compromising capex. The statement today just expresses what should have been in the public domain, or at least assumed on the basis of economies being closed pretty much until the middle of June. Nothing there has altered the expectation of the last four months, it is what lies ahead that matters more and they are working hard to alleviate the effects on each individual sector and business of Covid-19.

[archy147] 22/7/2020 08:36

Well done guys, very good entry points

[thamestrader] 22/7/2020 08:34

I'm in too. Missed the (hopefully) bottom, 103.

[babbler] 22/7/2020 08:22

Overdone. I'm in at 101

[archy147] 22/7/2020 07:58

Well said bookbroker and NPP. Here was me thinking the market had already priced in the bad news from COVID....I thought the news today was relatively positive given what we already know.

Looks like a massive over-reaction to me.

[npp62] 22/7/2020 07:51

Not too bad. Pretty much as expected but the market has over reacted. Nothing so scary to make me to bail out completely. Will recover sooner or later.

[bookbroker] 22/7/2020 07:48

As stated, what was expected, the market seems to have lost touch with reality. Management doing all they can to mitigate the effects on business of coronavirus, a gap below a hundred a possibility to close, who knows!

[bowssbyjuhelm] 22/7/2020 07:41

DISH. Dyor

[roks] 22/7/2020 07:41

Whats the bottom I wonder...

[susiebe] 22/7/2020 07:37

I've re read the t/s and under present Covid conditions,happy with that.Market over reacting imoHappy to hold and will buy moreWill do fine longer term.

[gettingrichslow] 22/7/2020 07:26

Looks like they’ve got massive problems to me. Loss making in second quarter. Who knows what’s going to happen with the virus over next few years? I’m glad I got out at 208-214p in early March.

[mach100] 22/7/2020 07:20

Looks good to me Roks in the circumstances. What were you expecting in Covid 19 times? I think there is a solid base going forward.

[roks] 22/7/2020 07:16

what a disapponment......

[roks] 21/7/2020 15:15

142 looks such a steep climb.

[mach100] 21/7/2020 14:22

Doing quite well I think. Starting to move up stealthily to recover its mojo. As the lockdown eases pent-up demand should be unleashed. The current share price will look very cheap for those who take a long term view as I think we will see in due course.

[roks] 21/7/2020 11:31

what is mro doing

[skyship] 24/6/2020 16:09

Meantime, MRO reflects the market and falls 3% today. Watching for a good entry point again.

[skyship] 24/6/2020 16:08

The quicker it goes under the better IMO. But it seems as though their successful digital strategy has stemmed the horrendous losses - so sadly, perhaps no time soon.

[rettah] 24/6/2020 13:35

I tend to look at the guardian most days as they occasionally have some good stories. Mostly it's just left wing hate. The comments are always good for a laugh as there seem to be a large number of tin foil hat wearing loons hanging out there.

[skyship] 24/6/2020 13:21

From that sophistry it would be hard to accept that The Guardian has a circ. of 127k versus the 317k at the Daily Telegraph.

Maybe their get out is that they don't consider The D. Tel to be a quality newspaper!

[skyship] 24/6/2020 13:15

Certainly don't recognise any of the above. The Guardian trades in Faux News; and that piece seems to confirm it.