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Share Name Share Symbol Market Type Share ISIN Share Description
Melrose Industries Plc LSE:MRO London Ordinary Share GB00BZ1G4322 ORDS 48/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.25 3.3% 132.85 132.35 132.55 134.50 126.20 128.45 9,828,762 15:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 10,967.0 106.0 -1.2 - 6,454

Melrose Industries Share Discussion Threads

Showing 11676 to 11698 of 11850 messages
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DateSubjectAuthorDiscuss
22/7/2020
12:21
So basically dodgy computers
ammu12
22/7/2020
12:11
No mms here. Sets
babbler
22/7/2020
12:00
It was mostly AT trades.MMS going for stop losses ?
ammu12
22/7/2020
11:57
Yes, gettingrichslow, thats why pharma and tech giants are rocketing above the levels they were at in Feb 2020 (pre-COVID) and why companies like MRO are 50%+ down on where they were in February. What doesn't stack up is why this particular update sees them lose another 20% ontop of the 50% they had already lost.
archy147
22/7/2020
11:50
Archy, yes the uncertainty is market-wide but it affects different businesses in wholly different ways. If you’re a pharmaceutical or a tech giant you might actually benefit, but companies like MRO are in about the worst sectors they could be in. Except cruise holiday companies perhaps. Unlucky for such a well run company as MRO, I agree.
gettingrichslow
22/7/2020
11:31
gettingrichslow22 you may have point but the uncertainty you refer to is market-wide not MRO specific. And that general uncertainty was, I thought, priced in to most shares. Anyway, this looks like a great buying opportunity for anyone not already on board
archy147
22/7/2020
11:24
Bought in at 96p for a quick trade
scepticalinvestor
22/7/2020
11:09
I bought some....I think it should rise to 110 region in a day or two
ammu12
22/7/2020
10:55
It was ok, this has already been hammered, but the market is gutless about any company beyond the US. They choose to rate companies over there on ridiculous multiples, regulation will tighten with those bulge bracket tech companies, their dominance verges on monopolistic.
bookbroker
22/7/2020
10:52
Market been harsh.I think it's a decent update
ammu12
22/7/2020
10:51
Why 90p Roks?
bookbroker
22/7/2020
10:51
Uncertainty there may be, but it enables companies to be ruthless with decision making, this company run by managers who are not afraid to make tough decisions, the statement was ok considering, the market chooses to look at the negatives, fully appreciating that visibility is weak.
bookbroker
22/7/2020
10:41
heading for 90p
roks
22/7/2020
10:34
ATs are a joy...
babbler
22/7/2020
10:31
I’m reading it the same as the market! Over 20% down...
gettingrichslow
22/7/2020
10:16
Correct me if I'm wrong but think you sold so that's why you're reading it differently!
susiebe
22/7/2020
10:14
I think some of you are reading a different trading statement to me. The uncertainty going forward is still really unclear and that is what’s killing the share price When the pandemic kicked off there were plenty of people on here predicting a few weeks, maybe months of uncertainty. Then it became a few months, maybe six. Now it’s quite obvious it’s more than six months and COULD even be years. That’s what has changed - the length of time before any sort of normality is likely to return.
gettingrichslow
22/7/2020
10:02
Ftse down...
babbler
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.
bookbroker
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??
archy147
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.
bookbroker
22/7/2020
08:36
Well done guys, very good entry points
archy147
22/7/2020
08:34
I'm in too. Missed the (hopefully) bottom, 103.
thamestrader
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