Melrose Industries Share Discussion Threads

[pcmal] 22/7/2020 16:38

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

[elcapitano100] 22/7/2020 16:06

In at 96.5p - happy days

[archy147] 22/7/2020 15:30

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 14:39

Thanks gramps

[archy147] 22/7/2020 14:22

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

[essentialinvestor] 22/7/2020 14:22

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

[minerve 2] 22/7/2020 14:03

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 14:02

I am in at 100.573

[ammu12] 22/7/2020 14:02

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 14:01

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 13:56

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!

[essentialinvestor] 22/7/2020 13:54

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 13:53

100 smashed

[ammu12] 22/7/2020 13:45

Won't be sub 100 for long

[ammu12] 22/7/2020 13:39

Stop boring us....

[gettingrichslow] 22/7/2020 13:37

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 13:21

So basically dodgy computers

[babbler] 22/7/2020 13:11

No mms here. Sets

[ammu12] 22/7/2020 13:00

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

[archy147] 22/7/2020 12:57

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 12:50

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 12:31

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 12:24

Bought in at 96p for a quick trade