Melrose Industries Share Discussion Threads

[ali47fish] 26/8/2022 17:16

the chart indicate the share price has been down over a long time and city am says the following

Unlocking cash from ailing businesses has been Melrose’s track record for over a
decade now, prompting Peel Hunt analysts to recommend buying the firm’s shares.
Since May 2005, it has generated a 19 per cent annual return on equity investments.
Its model has held up well through economic downturns. The City’s consensus
forecast for its first half profits are just over £160m.

i know it operates differently form other companies but does this ring right to you investors- opinions welcome

[netcurtains] 05/8/2022 07:12

With both CON candidates saying they will increase defence spending will that potentially help Melrose - or is Melrose no longer in the defence sector in any significant way?

[tenapen] 25/7/2022 17:36

Also on the same subject....

[alan@bj] 19/7/2022 13:02

The company stated it would buy up to 437,242,947 shares, which I think was 10% of the total in issue prior to 9th June. However, it also said it would spend up to £500m on this exercise and they've been paying around 160p, which would restrict the number bought in to 312,500,000, and I reckon they've bought 223,763,538 so far. So, with 88,736,462 to go and about 9,000,000 a day purchased, they could be done and dusted by the end of next week.

Always assuming I haven't miscalculated, of course.

[darrin1471] 19/7/2022 12:12

Share repurchase programme looks to be about halfway.

[roguetraderuk] 19/7/2022 10:01

since the announcement the shares havent done much but you can strongly argue those with access to inside info front ran the mkt as essentially it went up by over a third ahead of the capital day and they could be drip feeding into the repurchase.

[1justine] 19/7/2022 09:45

It couldn't possibly have anything to do with the company itself buying about 9 million shares a day for the past few weeks as part of its Share Repurchase programme which is soon to end!!!! Compare this demand with a normal daily total trading volume of around 8 million shares and see what happens when the company comes out of the market.

[roguetraderuk] 19/7/2022 07:38

in addition, theres a gap just under 143. 3 more but much further away with the first by 116. i could be convinced to begin rearming at 143.

[roguetraderuk] 19/7/2022 07:33

yes its been massive vs mkt. very surprised to have not seen it give some up but appears mkt was just too bearish and poss got a rude awakening after the gkn day.

[netcurtains] 19/7/2022 07:14

i sold - I've had an excellent run (from about 24th May).
If it falls back a bit I might buy back in but its rise has been so huge,
I really had to take the profit.

[darrin1471] 18/7/2022 19:43

Marshall Wace being adding to their MRO short since March.
Now 1.41%

[tenapen] 06/7/2022 16:50

Re - GKN Hydrogen

[1justine] 30/6/2022 13:36

Wow! After days of heavy buying for their Repurchase Programme today's price performance shows these guys and their advisers really know the market.

[jackdaw4243] 21/6/2022 16:16

Anyone have a position in Gooch & Housego

[f56] 20/6/2022 19:17

The transfer of power from the west to the Far East is the only thing that matters. Short term gov. vs long term gov.

[blackhorse23] 13/6/2022 04:57

IGR on the move , 20% revenue growth each year & continue growing. JP Morgan price prediction 519p per shares by 2022. Shifted to IGR

[jackdaw4243] 10/6/2022 15:06

RR get paid by the engine hours so lets hope :-)

[netcurtains] 10/6/2022 14:51

Big news for firms in the aerospace industry:

[bmel] 09/6/2022 20:15

If the company believes the current share price is lower than it will get to in the medium future….

Buying back the shares is a good investment for the shareholders.

[roguetraderuk] 09/6/2022 17:52

a month ago it made more sense than today looking at the short term and what theyll need to pay per share, but thats probably why they looked at it, because the share price was so low. and i dont think they will instruct the bank to blindly buyback, its generally done with some level of intelligence. and dont forget theyre still holding onto the cash was was due to be handed back pre ukraine. the fact that they are willing to part with the cash from the most recent disposal suggests they think the worst is behind them. even so, the uk mkt being what it is, i expect they will have ample ops to buy back their own shares at lower prices than today.

[1justine] 09/6/2022 17:03

Share repurchase at fair value have no economic merit.some positive possibly from increasing leverage and lowering the cost of capital discount rate. Otherwise just traders telling clients it will underpin the price or demonstrates management confidence is just sales talk.

[jackdaw4243] 09/6/2022 12:44

I can never understand the idea or logic of a buy back., why pay more than the share price GE is a classic.