Melrose Industries Share Discussion Threads

[pcmal] 23/7/2020 13:33

I sold as well at 108.5. Will try to get in if it drops.

[scepticalinvestor] 23/7/2020 12:48

what did you get, 108?I am still holding for at least 120...

[essentialinvestor] 23/7/2020 12:00

Closed my buy from yesterday, luck to holders.

As mentioned yesterday thought the statement was as good as could be expected
given the backdrop. To pay down some debt in this environment is an achievement.

How some brokers needed to slash forecasts given MRO's two main markets - automotive and civil aircraft components, is beyond me. What exactly did they expect.

Anyway, enough said.

[scepticalinvestor] 23/7/2020 10:47

Lovely turnaround.Congratulations to those who, like me, bought in yesterday.am up almost 20% now...

[babbler] 23/7/2020 10:25

Bloody derampers yesterday....

[gettingrichslow] 23/7/2020 10:10

Clowns tend to be un-informed too Archy. If you have to ask the following...”£50m each, what are you referring to Minerve?” then you really shouldn’t have invested!

[gettingrichslow] 23/7/2020 10:06

That’ll be the clown who sold out at 204-210p Archy (after ten years of being in MRO) and knows when a company is in a knackered sector! The real clown is someone who thinks a little rise over a 24 hour period vindicates his ill-thought out investment thesis...

[babbler] 23/7/2020 07:11

Upgraded target to 170 by broker.

[jackdaw4243] 22/7/2020 17:01

Broke a rule my average share price is now at around £1.50 having dipped my toe in these uncharted waters again. My HOC is doing well as a bonus.

[npp62] 22/7/2020 16:45

Got a few more at 96p. Just a handful as opposed to bailing out completely, which was my other option. You just don't know for sure which way the market will go and I'm not going to hang my hat on anything completely! Not a chance. But I didn't think the news was all that bad tbh!

[davius] 22/7/2020 15:54

Uncrossing trade, all of the close buys and sells go into an auction, it's the number of shares changing hands at the end of the day, along with the closing price.

[pcmal] 22/7/2020 15:38

What transaction is that at 16:35:24? @103.30.

[elcapitano100] 22/7/2020 15:06

In at 96.5p - happy days

[archy147] 22/7/2020 14:30

Well the comeback seems to have started. Amazing how the market always over-reacts. You see it over and over again (in both directions)

Managed to nab a few at 96p to top up.

Funny thing is i was thinking of selling a wedge at 122p yesterday but held off. Obviously wish i had now, then would have been all-in at 96p and sitting on a nice profit ahead of the ride back up. Problem of course is this current market is so damn hard to call (in the short term at least)

[scepticalinvestor] 22/7/2020 13:39

Thanks gramps

[archy147] 22/7/2020 13:22

£50m each, what are you referring to Minerve?

[essentialinvestor] 22/7/2020 13:22

May be sold off stateside so be careful if trading this.

[minerve 2] 22/7/2020 13:03

Ho ho ho.

£50m each could go along way in an aerospace company right now.

Never mind, eh?

LOL!

Take comfort in the fact that your gods are comfortable.

[pcmal] 22/7/2020 13:02

I am in at 100.573

[ammu12] 22/7/2020 13:02

Okay let's have an actual debate and stick to facts. The management have done well in the current situation and generated 200m fcf which is above their expectations....As a result of this cash focus, the Group has generated c.GBP200 million of free cash flow, before restructuring costs and the acquisition of Forecast 3D in January 2020, resulting in net debt, at constant currency, reducing by c.GBP90 million in the Period. Consequently, the committed bank headroom has increased to over GBP1.1 billion as at 30 June 2020. Additional to this headroom the Group has cash in hand of over GBP300 million. The Group therefore beat its target of being cash neutral in what was a hugely difficult trading environment and your Board is pleased with this achievement.

[archy147] 22/7/2020 13:01

I peronally welcome the negative views as well as the positive

What I see however is a strong buying opprtunity for those not already in.

Hope you've taken a bite grs. Good opprtunity for gettingrichfast instead of slow :-)

[gettingrichslow] 22/7/2020 12:56

Ok Ammu, let’s not have any actual debate with views and counter-views then, let’s just flood this forum with inane statements like ‘I’m in’, ‘100p smashed’, ‘Wow, up she goes’ etc etc!