Melrose Industries Share Discussion Threads

[steeplejack] 12/9/2023 06:31

https://www.prnewswire.com/news-releases/rtx-provides-update-on-pratt--whitney-gtf-fleet-updates-2023-and-2025-outlook-updates-2023-sales-outlook-and-reaffirms-adjusted-eps-and-free-cash-flow-outlook-301922838.htmlThis is a more substantial update on the metal issue in this mornings RNS.

[jsforum] 11/9/2023 18:14

RBC downgraded us

[1justine] 11/9/2023 16:32

Quoi? Maybe we’ll get really lucky and the price will drop to zero.

[jellypbean] 11/9/2023 16:08

Nice drop in share price before the buybacks start in October. As a holder I'm quite happy with that.

[steeplejack] 11/9/2023 15:15

Melrose Industries was hit by a downgrade to 'sector perform' from 'outperform' by RBC Capital Markets.

[steeplejack] 11/9/2023 10:01

Closing in on a one month low.Makes you wonder what the reaction would of been if the results had been 'average'.For the greater part,my ISA portfolio comprises foreign listed securities nowadays.The UK market has become a backwater offering few companies with unquestioned growth.The LSE seems to nudge up and down as much in response to algorithmic trading as to any reasoned analysis.

[deutsch4] 08/9/2023 19:14

The afterburners will go on when the time is right!

[1justine] 08/9/2023 16:10

Seems to happen with their statements.Too much self hype in the words about performance versus their own expectations and to much “adjusted̶1; or “normalised221; in the numbers — and in the cold light of the following day some adjustment of the initial reaction occurs. Also the distribution of institutional share ownership here doesn’t help and rather exposes the small shareholder to volatility.

[yertiz] 08/9/2023 14:29

All down to the news that a couple of MRO founders are stepping aside and the Aerospace division, which I thought would be offloaded and sold on for a big profit is being retained. The little uncertainty around the announcement has caused a bit of a dip, but I strongly believe the management are well equipped to make this a greater success. I'm holding and happy.

[ropey] 08/9/2023 09:18

Someone is messing with this share - too much if a rollercoaster ride !Any thoughts appreciated, thanks

[yertiz] 07/9/2023 09:20

Good old Melrose, never disappoints. Very long term holder here, added over the years, now with a good number of shares. Only a matter of time before the directors do what they do best, that is to sell on the remaining GKN residuals for a healthy profit and provide a large slice of that to the shareholders. Dowlais next. Onwards and upwards.

[1knocker] 07/9/2023 09:05

That brightens the day. I bless the day I discovered Melrose. If ever a company demonstrated that it is the people rather than the business which counts, it is Melrose. Lets hope the new team are as good as those they replace. They have some big boots to step into.

[rettah] 07/9/2023 06:25

excellent results.

[alfieduncan] 04/8/2023 18:38

A few large buys today!

[pharmaboy3] 19/7/2023 19:11

Plus thisHTTps://www.standard.co.uk/tech/science/chloe-smith-government-ben-wallace-secretary-of-state-space-b1095522.html

[pharmaboy3] 19/7/2023 15:42

This might have something to do with it?HTTps://twitter.com/CNBC/status/1681683621113896960?t=QLODcgIx2O7c0j_cPRFmxA&s=19

[gettingrichslow] 19/7/2023 14:18

Looks like the CEO sold too early - these are flying again!

[steeplejack] 15/6/2023 07:09

Birmingham, England-based aerospace firm - Chief Executive Officer Simon Peckham sells 2.0 million shares at average 524.52 pence, worth GBP10.5.Likely to cap share price strength seen over last few weeks.

[bmel] 13/6/2023 10:56

It is partly a re-rate to the statement about us being an aerospace engineer and not the the buy,improve,sell model.

[essentialinvestor] 07/6/2023 11:18

They are too cautious when sentiment is poor and the reverse at cycle peaks.

It's an old story but it goes on.

[gettingrichslow] 07/6/2023 11:15

How bold of them to raise it by 125p after over half of that is already in the price! I mean, what is the point of analysts that do things like that after the event??

[steeplejack] 07/6/2023 08:25

Barclays raises Melrose Industries price target to 575 (450) pence - 'overweight'

[yertiz] 17/5/2023 15:15

For DLS read DWL (of course!). Upwards and onwards!