Melrose Industries Share Discussion Threads

[deutsch4] 26/7/2020 09:07

Not just slow but afraid eh!

[gettingrichslow] 25/7/2020 19:06

I’m afraid this may well tank big-time on Monday given the announcement just now...I did try to warn holders on here but I’m not sure many were open to listening.

[babbler] 24/7/2020 13:09

How much have other shares been hit

[smicker] 24/7/2020 10:54

Share price is down from 250 ish to 105. The company did get hammered, thats not disputed.

[gettingrichslow] 24/7/2020 09:29

Thames, agree it’s not specific to MRO, but it’s not the whole market either. A company like MRO that’s exposed to airlines etc is bound to get hammered whereas that’s not true of Microsoft etc. On your point about the markets not noticing the world’s economy is shattered, a lot is to do with the quantitative easing and money supply. There is a clear answer though surely - buy gold. Gold was around $1,500 when this kicked off, now at $1,800 and rising fast.

[thamestrader] 24/7/2020 09:17

I agree with grs to some extent, although IMHO his case isn't specific to MRO. The markets as a whole have clearly not noticed that the worlds economy is shattered, yet have rebounded towards pre-COVID levels, and are riding too high. But as long as the markets haven't noticed this, we might as well enjoy the ride, albeit sticking to some rules:
- keep (at best) a very short term view on stuff which is most vulnerable (eg, MRO)
- remain vigilant for when the market suddenly/eventually wakes up to reality
- not being greedy when your winners keep winning without justification
- (most important) not gambling more than you can afford to lose

Not lecturing, I'm no better at this game than you or the next guy. Just IMHO.

[younasm] 24/7/2020 09:04

There will be recovery but you need to allow 12-18 months ; I expect you can buy these below 100p soon enough - my guess. Please DYOR

[gettingrichslow] 24/7/2020 08:50

Read the statement again with a more critical eye - the Group was loss making in the second quarter...sales in Aerospace for the Period reduced by approximately 18% and are not expected to recover in the second half of the year...Nortek sales were only down 7%...
Now all of this might be fine if the virus was on its way out but that’s clearly not happening is it? Check out the coronavirus charts for Florida, California and Texas, the 3 most populated states in the world’s biggest economy and ask yourself what the prospects are for economic recovery!

[mach100] 23/7/2020 21:54

You wonder how investors allow themselves to get fleeced by selling yesterday particularly at 96p. I know it is fear and loathing in Las Vegas but that drop on that update was never justified. A day later and a proper weighting for the share price is already here.

[davius] 23/7/2020 19:13

UBS CUTS MELROSE INDUSTRIES PRICE TARGET TO 131 (145) PENCE - 'BUY'

[pcmal] 23/7/2020 14:33

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

[scepticalinvestor] 23/7/2020 13:48

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

[essentialinvestor] 23/7/2020 13:00

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 11:47

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

[babbler] 23/7/2020 11:25

Bloody derampers yesterday....

[gettingrichslow] 23/7/2020 11:10

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 11:06

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 08:11

Upgraded target to 170 by broker.

[jackdaw4243] 22/7/2020 18:01

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 17:45

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!