Share Name Share Symbol Market Type Share ISIN Share Description
Melrose Industries Plc LSE:MRO London Ordinary Share GB00BZ1G4322 ORDS 48/7P
  Price Change % Change Share Price Shares Traded Last Trade
  1.65 0.95% 175.75 1,179,296 10:12:51
Bid Price Offer Price High Price Low Price Open Price
175.70 175.80 176.85 173.90 175.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 8,770.00 -535.00 -11.00 8,538
Last Trade Time Trade Type Trade Size Trade Price Currency
10:12:51 AT 543 175.75 GBX

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Date Time Title Posts
04/3/202115:32Melrose PLC with Charts and News11,713
28/5/202015:03Melrose - only company related97
15/4/201820:13Melrose Industries48
15/2/201709:06rights issue28

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Melrose Industries Daily Update: Melrose Industries Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker MRO. The last closing price for Melrose Industries was 174.10p.
Melrose Industries Plc has a 4 week average price of 164.05p and a 12 week average price of 156.15p.
The 1 year high share price is 189.80p while the 1 year low share price is currently 72p.
There are currently 4,858,254,963 shares in issue and the average daily traded volume is 17,464,144 shares. The market capitalisation of Melrose Industries Plc is £8,489,800,547.84.
essentialinvestor: Bought some MRO under £1.80, small amount only given the volatility.
yertiz: Almost a certainty that the sale of 50% of my holding in MRO last Thursday has prompted the rise.😂
yertiz: Probably a bit of both going by previous history. An important point is this demonstrates clearly that MRO are not asset strippers, but very successful business builders which stakeholders know and have benefitted from over the past decade.
yertiz: Wishing those still invested in MRO a Merry Christmas and a safe and profitable 2021. Been in and out this year with marked success and with a Christmas bonus to boot. Have a good one, cheers.
minerve 2: "The market is up if you’re in the right areas Ammu - SGLP, AMZN for example..." Define 'right area'. To you it just seems the hindsight view of recent momentum. My definition is in shares of value not in shares that rely on "The Greater Fool" theory. IT is very easy to look like a clever investor when you are sat in the herd making money. One day the music will stop, the greater fools will disappear and then you will be left with an asset that is overpriced relative to the forward cashflows it will bring you. The market will come to its senses and the share price will adjust downwards. Some of them in large downward movements. Give you an example. Imperial Brands currently yields 10% dividend. More importantly, the asset is generating 20.83% FCF per share to shareholders. That means if the stock market closed tomorrow - and assuming tobacco sales hold up medium term - shareholders would get back their initial investment with free cash flow in less than five years. Anything over that is forward profit. The tobacco revenue pool is actually expected to grow going forward because of NGP. So I think it is one of the best investments on the FTSE ATM. Do the herd think so? No. They buy into other stocks where forward sales are generally unpredictable but they are the glory boy shares so who cares? Wait for the greater fool right?
gettingrichslow: I’m not sure which part of what’s happened so far with MRO is something anyone should be surprised about? Let’s look back at what happened. The coronavirus story started emerging in mid-January. By mid-February it was the main news headline. It was already pretty obvious at that point that there was a really big problem brewing. Wuhan was in its lockdown, cases were popping up in ski resorts, on cruise ships etc. At this point, the share price was still c.245p!! A week later I was in a pub in London watching the news where every single item was about this virus spreading fast and engulfing Iran and Italy. I sold all my MRO the next day at between 214p and 204p. Everyone I was with that night (all experienced investors) agreed at that point that airlines and anything related would be stuffed and that this virus was clearly becoming a pandemic with disastrous consequences. So I do struggle with anyone saying this was hard to predict??
knowing: Https:// Melrose Industries PLC using EPIC/TICKER code (LON:MRO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 165 GBX on its stock. This is indicating the analyst believes there is a potential upside of 70.5% from today’s opening price of 96.8 GBX. Over the last 30 and 90 trading days the company share price has increased 18.8 points and decreased 137.6 points respectively. The 52 week high for the stock is 255.24 GBX while the year low stock price is currently 72 GBX. Melrose Industries PLC has a 50 day moving average of 136.55 GBX and the 200 Day Moving Average price is recorded at 197.57. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 35,819,685. Market capitalisation for LON:MRO is £4,724,205,941 GBP.
meanwhile: getting, I'm ready to give up with you. I will have one last try. An investor buys 100 MRO shares at 240p in 2015. A 12 for 1 rights issue at 95p is announced in 2016 to buy Nortek. His 100 shares rise to £8 each on the news. He sells 60 of these, raising £480, to buy the rights on the 40 he still holds, that is 480 (12x40) new shares at 95p. He has a little cash residue of £24 which he banks. When the new shares open, the MRO price is around 150p but 3 months later has climbed to £2. At this point he has 520 MRO shares value £1040 + £24 cash. Now to my mind he's made good money. He's lost a little on the 40 old shares he still holds but he's made a lot on the 60 he sold at £8 and on the 480 rights shares, now £2. This is all fairly straightforward. Sadly, You've driven me to reveal your true class, in your post of 7th January. gettingrichslow 7 Jan '20 - 08:49 - 15237 of 16811 Burford Just bought another £60k of these at 753-755. Bargain of the century.
meanwhile: If a sale of Nortek were to proceed, at the Bloomberg indicated figure of $3B, this would provide 60c (around 45p) per share, to either pay off debt, return to shareholders, or a bit of both. If past practice is followed, a good proportion would be returned to shareholders, especially as debt isn't too burdensome. With half a dozen engineering businesses to eventually separate out and sell off, the price this first one goes for may help to re-assess target sale prices for the rest. The failures to sell Powder Tech. and Ergotron at good prices last year had rather depressed these expectations. A sales figure for Nortek could have a big effect on the MRO share price, in either direction.
sliotar: The MRO share price seems to be levelling out close to its price 2 years ago but still below the 232p trigger level where the boys on the Board will start to earn on their current LTIP. In a favourable environment they seem to be struggling with value creating disposals. So in everyone's interest the Directors should consider following Walgreen Boots and team up with KKR or one the other real private equity players and take MRO private. The 10 Billion MRO market cap is bite sized compared with the 60 - 70 billion for Walgreen. With the new private structure and the experts from KKR alongside them the MRO boys could earn some real money and make 42 million bonuses look like small change. Assuming a 50% acquisition premium even those MRO shareholders who came in with GKN would show a return. Oh! And we might even see £3 by Christmas.
Melrose Industries share price data is direct from the London Stock Exchange
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