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
  -3.45 -2.18% 154.65 9,936,754 16:35:25
Bid Price Offer Price High Price Low Price Open Price
155.30 155.45 158.70 154.60 158.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 8,770.00 -535.00 -11.00 7,513
Last Trade Time Trade Type Trade Size Trade Price Currency
17:46:58 O 3,224 154.908 GBX

Melrose Industries (MRO) Latest News (3)

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Melrose Industries (MRO) Discussions and Chat

Melrose Industries Forums and Chat

Date Time Title Posts
23/6/202113:05Melrose PLC with Charts and News11,766
28/5/202016:03Melrose - only company related97
15/4/201821:13Melrose Industries48
15/2/201709:06rights issue28

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Melrose Industries (MRO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-24 16:46:58154.913,2244,994.23O
2021-06-24 16:33:02156.347,36011,506.62O
2021-06-24 16:29:18154.65161248.99O
2021-06-24 16:27:43155.20439681.32O
2021-06-24 15:35:25154.653,529,9825,459,117.16UT
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Melrose Industries (MRO) Top Chat Posts

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 158.10p.
Melrose Industries Plc has a 4 week average price of 152.35p and a 12 week average price of 152p.
The 1 year high share price is 189.80p while the 1 year low share price is currently 82.20p.
There are currently 4,858,254,963 shares in issue and the average daily traded volume is 13,067,963 shares. The market capitalisation of Melrose Industries Plc is £7,513,291,300.28.
bookbroker: Stupid price currently, company soon to receive proceeds of Nortek, make a big dent in debt, pension fund and some cash to shareholders. Even if trading moderated since last statement, management keeping very tight control on costs.
jackdaw4243: I think we all know what MRO does, however the timing of the GKN purchase was not the best with circumstances totally beyond the managements control. On a plus side borrowing has never been cheaper. I still hold a much reduced number of shares and the GKN site on the Isle of Wight is still functioning.
bookbroker: This company generally buys poorly managed, undervalued companies with strong underlying assets within its end markets. Those companies are few and far between as a result of shareholder activists, but globally there may be a few skeletons in the odd cupboard. GKN is a valuable business and its real asset is the electronic drive train, this should be really apparent two years hence. I also believe the management are top-rated in extracting value, so MRO likely undervalued itself currently as the world struggles to emerge from coronavirus.
essentialinvestor: Possibility they may bid for Senior?, this is speculation on my part and I hold both. It may add to the usual MRO share price volatility.
bookbroker: GKN, the leader in electronic drive shafts, a massive business down the line, and then alongside the commercial aircraft part of the business. GKN already earning its acquisition price. Onwards and upwards!
ryelodge: Getting is right. Not even a dig at MRO Management bonuses. Just one guy talking his book!
essentialinvestor: Bought some back, as per MRO is hit hard on risk off.
essentialinvestor: That's incorrect, on two fronts - well dependent how you define lots of debt post disposal funds. 1.78 my highest recent sell prices, I've now added 80% of those back. Missed the 1.81 plus yesterday morning unfortunately. MRO share price fiercely volatile atm with the pandemic backdrop and their sector exposure. Even pre pandemic it was usually a stock that got clobbered on risk off sentiment.
bookbroker: As the statement commented, you can add $1bln of earnings to that valuation taken, a good price if you look at the results statement regarding recent returns from Nortek. MRO needs to shore up its balance sheet s little after last years hit to returns from GKN.
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.
Melrose Industries share price data is direct from the London Stock Exchange
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