Melrose Industries Share Discussion Threads

[jackdaw4243] 13/10/2022 16:08

Essential

I had a very upsetting experience last week when I was asked to leave my local pub during a quiz night for giving an answer that was inappropriate.

Apparently women have the curliest hair in FIJI.

[netcurtains] 13/10/2022 09:35

Fool recommend Melrose (3 days old):

[essentialinvestor] 13/10/2022 07:26

As you asked Jack, this is my favourite from Tommy Cooper


So I said to the Gym instructor "Can you teach me to do the splits?". He said "How flexible are you?". I said "I can't make Tuesdays".



Bought a few under 96 pence, whether I will be laughing or crying!.

[jackdaw4243] 12/10/2022 09:17

Not a happy little thread these days, can someone liven it up with a bit of humour.

[1justine] 23/9/2022 19:01

Yes. Elon Musk is probably running the numbers right now.

[essentialinvestor] 23/9/2022 17:22

Might the bidder (MRO) be bid for..

As it stands the former GKN is now valued at just over £4 BN and without
the pension deficit of former years.


Bought a small amount today.

[roguetraderuk] 21/9/2022 19:03

for ref the nearest gap is 100.50 the next at 88.40 (with a post gap low of 91, these often act as sup, last sup before gap fill, but can often mark tradeable bottoms)

[mayers] 21/9/2022 18:59

Rouge and EI. Thanks for your recent comments. It looks as though the gap down to 102.8 the 12-month low, has been filled.

[jackdaw4243] 20/9/2022 16:26

I should have sold months ago, but this is now a good entry point. British companies are cheap as the US funds run the slide rule over the assets.

[deutsch4] 20/9/2022 16:10

Catch up has to start sometime, nowhere else to go for some products. There will be pentup demand somewher in the system?

[essentialinvestor] 20/9/2022 15:02

net, rogue may be able to provide some TA guidelines here - from memory he mentioned the £1 and 92 pence levels as possible targets.

[netcurtains] 20/9/2022 12:23

EI: I did sell then bought a few back.
I guess if I sell the few I will be at break even on this stock.

However gut feeling is, it will probably rise again at some point,
so might as well leave it where it is and enjoy the ride back up.

[roguetraderuk] 20/9/2022 12:20

EI, re the chip shortage. did you hear ford? they have 45k cars ready to ship but no semis for them. but then semis shares (and some of the ceos) are saying demand is either already weak or about to be. who is telling the truth here.
re mro if you get a close below last few months recent lows then looks like gap fill to a pound favourite. if they dont bounce there it would be the covid lows then. i wouldnt expect any further than that. you need a 2 handle on the spx for that.

[essentialinvestor] 20/9/2022 12:04

net, did you not sell any on the way up?,
you must have been up 15-20%.

[netcurtains] 20/9/2022 11:51

The good news is at some point it will be a great buy.

[essentialinvestor] 20/9/2022 11:23

That looks a new 12 month low?.

[1justine] 20/9/2022 11:09

With the recent MRO share trading volumes and price trend, unfortunately it looks like the major institutional holders are doing the “Wall Street Walk” in this stock.

[netcurtains] 18/9/2022 16:54

Against all that, one hopes there are some "leads and lags" and the Stock Market recovers long before the recession ends. But who knows?
I guess if Ukraine takes Kherson and then a truce is agreed the markets might go barmy for a few days - if not weeks.

[essentialinvestor] 18/9/2022 16:32

So firstly Melrose have to navigate COVID battering civil aerospace,
just as that market begins to recover chip shortages seriously impact
auto sector volumes and now we face recession in multiple industrialised countries.

[essentialinvestor] 16/9/2022 12:45

Bought a very small amount under £1.10.

[essentialinvestor] 16/9/2022 11:23

Ok folks thanks, I obvs misread the comment in the H1 report.

[darrin1471] 16/9/2022 11:17

"The Company confirms that its share buyback programme, as announced on 8 June 2022, is now complete."
02/08/2022 RNS

They bought about 318 million shares
500/318 = £1.57 which sounds about right.

[roguetraderuk] 16/9/2022 11:15

EI, the buyback was up to 500m pounds. if you check the first and final amounts and multiply by the avg share price you get to 500mn sterling with fees inc.