Melrose Industries Share Discussion Threads

[essentialinvestor] 22/7/2020 12:54

What the hell was the market expecting?, that statement was about as good as possible given the backdrop.

The share price is anyone's guess.

[ammu12] 22/7/2020 12:53

100 smashed

[ammu12] 22/7/2020 12:45

Won't be sub 100 for long

[ammu12] 22/7/2020 12:39

Stop boring us....

[gettingrichslow] 22/7/2020 12:37

Archy, because it paints a picture of MORE uncertainty for a LONGER period than the market was expecting/hoping for I guess. The market was clearly pricing for some better news than they got, it’s that straightforward. Hence the further fall. It’s the converse of say Amazon, where yes, Amazon clearly benefit from the pandemic, but the extent to which they do is becoming more and more apparent as the pandemic worsens, hence further price rises for AMZN.

[ammu12] 22/7/2020 12:21

So basically dodgy computers

[babbler] 22/7/2020 12:11

No mms here. Sets

[ammu12] 22/7/2020 12:00

It was mostly AT trades.MMS going for stop losses ?

[archy147] 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.

[gettingrichslow] 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.

[archy147] 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

[scepticalinvestor] 22/7/2020 11:24

Bought in at 96p for a quick trade

[ammu12] 22/7/2020 11:09

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

[bookbroker] 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.

[ammu12] 22/7/2020 10:52

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

[bookbroker] 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.

[roks] 22/7/2020 10:41

heading for 90p

[babbler] 22/7/2020 10:34

ATs are a joy...

[gettingrichslow] 22/7/2020 10:31

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

[susiebe] 22/7/2020 10:16

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

[gettingrichslow] 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.