Melrose Industries Share Discussion Threads

[ammu12] 22/7/2020 12:09

I bought some....I think it should rise to 110 region in a day or two

[bookbroker] 22/7/2020 11:55

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.

[ammu12] 22/7/2020 11:52

Market been harsh.I think it's a decent update

[bookbroker] 22/7/2020 11:51

Why 90p Roks?

[bookbroker] 22/7/2020 11:51

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.

[roks] 22/7/2020 11:41

heading for 90p

[babbler] 22/7/2020 11:34

ATs are a joy...

[gettingrichslow] 22/7/2020 11:31

I’m reading it the same as the market! Over 20% down...

[susiebe] 22/7/2020 11:16

Correct me if I'm wrong but think you sold so that's why you're reading it differently!

[gettingrichslow] 22/7/2020 11:14

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.

[babbler] 22/7/2020 11:02

Ftse down...

[bookbroker] 22/7/2020 10:47

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 10:26

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 09:46

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 09:36

Well done guys, very good entry points

[thamestrader] 22/7/2020 09:34

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

[babbler] 22/7/2020 09:22

Overdone. I'm in at 101

[archy147] 22/7/2020 08:58

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 08:51

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 08:48

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 08:41

DISH. Dyor

[roks] 22/7/2020 08:41

Whats the bottom I wonder...

[susiebe] 22/7/2020 08:37

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.