Melrose Industries Share Discussion Threads

[alfieduncan] 08/1/2024 14:14

Cheers P. I had thought of reducing as felt the price might drift.
Glad I ummed and ahhed.
Onwards and hopefully upwards…

[rettah] 08/1/2024 14:12

Their current target is 620p.

[philanderer] 08/1/2024 14:08

alfie, no , that was all the info.

[alfieduncan] 08/1/2024 13:49

Many thanks. I was wondering why we were bucking the trend. Did they give a target price?

[philanderer] 08/1/2024 13:24

(Alliance News) -

Shaking off the aviation sector malaise, Melrose shares rose 3.3%, among the best FTSE 100 performers.

JPMorgan said the company "Melrose remains a key pick for us in 2024".

"[It is] an aerospace pure-play with a credible margin story, further upside to forecasts and a sizeable buy-back supporting the shares," JPMorgan analysts explained, adding the company to its positive catalyst watch grouping.

[steeplejack] 16/11/2023 10:03

Shows the benefit of investing in a fund that has sizeable holdings in overseas listed companies like Microsoft and Meta rather than UK equities.

[rettah] 16/11/2023 09:55

Fundsmith is about 15% annual growth compounded over 10 years. Decent. Shows the value of compound growth.

[steeplejack] 16/11/2023 09:45

Limited reaction to the update news then.Discounted i suppose.Good luck to the Chancellor trying to invigorate interest in UK equities via an increased ISA allowance.£10000 put into a FTSE100 ETF tracker with dividends reinvested ten years ago would now be worth £15800.£10000 put into S&P 500 ETF tracker would be worth £37500£10000 put into a global tracker ETF would be worth £29000Fundsmith Global Equity has outperformed all three of the above.Ten thousand invested would now be worth slightly less than £40000.

[rettah] 16/11/2023 07:38

Excellent update. Really good company.

[steeplejack] 16/11/2023 07:34

Excellent update this morning."These higher expectations for 2023 and 2024 announced today, along with the recent signing of the new GE deal announced on 6 November 2023, show the guidance given in the Capital Markets Event on 17 May 2023 is being exceeded and the stated 2025 profit targets are substantially more underpinned than before."

[gettingrichslow] 06/11/2023 09:36

Steeplejack, yes, just been reading about it on IG. Hopefully this will help 1Justine stop moaning too.

[steeplejack] 06/11/2023 08:36

Excellent NewsGKN Aerospace and GE Aerospace have significantly widened their long-term partnership with a new agreement that expands RRSP participation on the GEnx programme, the fastest-selling high-thrust engine. The new agreement also covers new technology insertion, aftermarket repair of high-volume engines structures, and production of fan cases for a range of GE engines.

[rettah] 21/9/2023 20:45

A better price for the buy back of shares when that starts in a couple of weeks time.

[steeplejack] 21/9/2023 10:05

Yes closing in on a three month low.Equity markets remain uncertain.

[1justine] 20/9/2023 13:41

Timing may have been a tad off Norge!

[steeplejack] 18/9/2023 07:57

Looks like Norge took the opportunity to buy a further 1% of the equity on the price fall.

[1justine] 12/9/2023 14:02

Put MRO and DWL together and what has the demerger thrown up for the small shareholder so far — a lemon. They should have stuck to the strategy they committed to at the time of the GKN acquisition.

[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!