Melrose Industries Share Discussion Threads

[darrin1471] 28/3/2022 12:15

RR share price jumped near the close of business on Friday by 20% without any obvious story. 100m shares traded in last half hour. Speculation was that BAE may be interested.
What about MRO?
Too big to swallow? MRO £5.5b mkt cap. RR £8.4b
GKN debt repaid
"Ahead of plan, the opening net debt(1) of GBP3.4 billion at the GKN acquisition has been fully repaid in less than four years"
UK government RR golden share reduces the number of possible bidders.
I hold MRO and RR.

[1justine] 11/3/2022 10:11

Why don't these two clowns take their self obsessed debate elsewhere?

[essentialinvestor] 10/3/2022 17:09

Tend to take posters at face value, if someone wants to make things up
that must feel very hollow inside.


I've posted contract notes previously where someone has doubted a trade I mentioned.
Bought back 12,700 shares this afternoon sold before yesterday's close.
if anyone wants to see details, more than happy to post.


As mentioned yesterday there looks no easy or quick resolution to Russia Ukraine
and prolonged military action more likely - hopefully I'm wrong

On wider markets we could be in the early stages of a new bear market, if so then
about everything is going lower. My view is often on the cautious side to be fair.
Would not rule out a test of £1 here as posted earlier this week, let's see.

[medieval blacksmith] 10/3/2022 09:59

He does try hard to keep his inferiority complex under wraps but sometimes he just can't help himself.

Who cares getting?

I certainly don't, and I suspect most other thread readers are really not that bothered about your pseudo US tracker fund and your shallow liquid lunches with false people.

:)

[essentialinvestor] 09/3/2022 17:39

Directors also adding, highlighting this as over the years they have often been
astute readers of the Melrose price.

We don't know what time frame they have in mind, but would suspect they see
medium term value.

[essentialinvestor] 09/3/2022 16:42

Darrin, good fortune, sounds like you are very clear on a trading plan.

Reduced MRO today but can't make a definite call on either market levels or individual share prices, just try to add a few of what I like on down days.

A good deal of bad news already in the MRO price it's fair to say, but would doubt
increased volatility is over.

[darrin1471] 09/3/2022 16:30

EI. I can't see any easy or obvious climb down available to Putin that is acceptable to the West. If Putin is successful, sanctions increase and there is a lot of pain with inflation. If Ukraine battles on then the West sends more weapons, sanctions increase and there is a lot of pain with inflation.
Don't back Putin into a corner. The West is quite rightly in my opinion backing Ukraine but the West is now unable to back down either.
Unless Putin is ousted Ukraine is unfortunately going to be a battleground for a long time.
I was 60% cash last week. I played the bounce on Monday (I have not done that before), selling on Tuesday and today. Then I looked at my holdings and asked why am I still holding if I think there is worse to come. So I have now sold 50% of my core holdings today.
Holding Boo since Monday as trading update due tomorrow. They have been shorted for nearly a year. Up 20% since Monday so I either lose my 20% profit or they are double my Monday purchase. They are not going to be unchanged at 8.30 tomorrow.

[roguetraderuk] 09/3/2022 16:18

look not where the puck is but where it will be, hence often it is better to travel than arrive.

[essentialinvestor] 09/3/2022 16:04

Your wish may still be granted!.

MRO still trading as a risk off/on geared play.

[medieval blacksmith] 09/3/2022 16:02

I'm not complaining but would have preferred it to stay lower for longer.

[essentialinvestor] 09/3/2022 15:49

Up over 11% on the day, can't remember the last time that happened with Melrose.

Needs to be viewed in the context of recent weakness though.

[essentialinvestor] 09/3/2022 15:18

More egregious are the lottery like salaries paid to UKX CEO's for longer term
mediocrity of tenure and even worse in some case, for underperformance.

[medieval blacksmith] 09/3/2022 14:25

1justine

Whatever you think of Melrose they can hardly be blamed for the pandemic or Putin's war.

[essentialinvestor] 09/3/2022 14:02

With respect not interested in the last 5 years, in any case any conclusions
are highly subjective.

What interests me is the next 2-3 years, however there are risks and Russia's
military action both complicates and delays recovery.

If in doubt, get out, is the old saying. Luck with your holding or indeed if you decide to Sell out.

[1justine] 09/3/2022 13:56

I think they made many investors rich 5+ years ago. Since the GKN Acquisition ie the most recent 5 years or so , when a great number of new shareholders came in, they have made us poorer. And all the puff and numbers gimmickry from the Company 's Public Relations Department can't change that reality.The issue, as always, is : What have you done for us lately?

[essentialinvestor] 09/3/2022 13:13

1just, they have made many investors rich over the years.

You can look at their long term record or the results the GNK business was
achieving under their ownership pre pandamic.

The question now, what are prospects over the next 2-3 years.

[medieval blacksmith] 09/3/2022 13:11

1justine

You don't need to be lucky to be a richly rewarded Melrose executive. What they do is bread and butter stuff. Cutting costs and increasing margins isn't difficult when you have no empathy and compassion for other humans.

[medieval blacksmith] 09/3/2022 13:08

Anyone think Senior is on the Melrose target list?

It must be IMO.

[1justine] 09/3/2022 13:08

Napoleon said famously that he didn't care too much about his Generals being good fighters, he wanted them to be Lucky. The comments here would indicate a belief that all of the MRO problems have been created outside MRO Management's control. So maybe they are just unlucky Generals. Where they have been lucky is in the 10's of £millions of Bonsses and LTIP payoffs that they trousered before the stock entered steep continuous decline.

[essentialinvestor] 09/3/2022 13:03

Darrin, that's a big call, luck with that.

It has permission to fall now.


I understood from previous posts that you were very cautious a number of weeks ago?,
before recent share price declines.

[darrin1471] 09/3/2022 12:55

Sold the few MRO I bought on Monday and 50% of my core holding at a loss today.
Hoping to buy back soon at a lower price.