Share Name Share Symbol Market Type Share ISIN Share Description
Melrose Industries Plc LSE:MRO London Ordinary Share GB00BNR5MZ78 ORDS 160/21P
  Price Change % Change Share Price Shares Traded Last Trade
  3.20 2.09% 156.65 15,915,074 16:35:06
Bid Price Offer Price High Price Low Price Open Price
155.75 155.85 158.20 154.90 155.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 6,883.00 -618.00 17.70 8.9 6,849
Last Trade Time Trade Type Trade Size Trade Price Currency
18:08:47 O 14,731 156.132 GBX

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Date Time Title Posts
21/6/202217:16Melrose PLC with Charts and News12,029
28/5/202016:03Melrose - only company related97
15/4/201821:13Melrose 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 153.45p.
Melrose Industries Plc has a 4 week average price of 132.80p and a 12 week average price of 107.60p.
The 1 year high share price is 191.40p while the 1 year low share price is currently 107.60p.
There are currently 4,372,429,473 shares in issue and the average daily traded volume is 15,897,891 shares. The market capitalisation of Melrose Industries Plc is £6,849,410,769.45.
roguetraderuk: a month ago it made more sense than today looking at the short term and what theyll need to pay per share, but thats probably why they looked at it, because the share price was so low. and i dont think they will instruct the bank to blindly buyback, its generally done with some level of intelligence. and dont forget theyre still holding onto the cash was was due to be handed back pre ukraine. the fact that they are willing to part with the cash from the most recent disposal suggests they think the worst is behind them. even so, the uk mkt being what it is, i expect they will have ample ops to buy back their own shares at lower prices than today.
essentialinvestor: I have managed to get my average to 1.246, to be precise, which while by no means ideal, is a hell of a lot better than over 1.40 a share at one point. rogue, thanks for your guidance here which prompted me to sell at between 1.30-1.32, buy back and then trade again. Obviously if markets sell off hard and there are increasing headwinds, MRO could look very ugly. The major misjudgement I made, besides buying too soon!, was selling quite a few bought near the March low at up to 1.18 pence a share. Had expected a trip back down to under 1.10 again - and tbf also did not anticipate wider equity markets to remain until recent days, so resilient. I'm holding atm approx 60% of the amount held near the share price traded briefly under 1.10 a share.
1justine: Interesting Psychology here. When the MRO price goes up, people pile in with comments and analysis. When the price goes down - silence. Cognitive dissonance or what?
darrin1471: RR. Pay per air mile or any other service model would have been equally hard hit by covid as less flying = less servicing. These once in a lifetime events happen quite often in aviation. Financial crash, volcanoes, engine flaw and covid. RR has a decade of visible service revenue on existing built engines which will return as flights resume. Having defense and industrial divisions helps RR survive the stormy waters. Good for the employees if not shareholders. From memory there were activist investors calling for a shake up 4-5 years ago when RR had Trent 1000 design issues. They saw more value even when the share price was £10+(pre dilution) As the government has a golden share there would be few buyers for RR. Backers may be willing to bankroll a MRO purchase if they see MRO management being able to realise the value in RR. Post brexit the government may be open to a big UK industrial conglomerate like GE or Siemens. Again I am not sure, but from memory GKN was a much bigger fish than MRO when they launched a hostile takeover. Holding both MRO and RR, I am inclined to move more from MRO to RR.
essentialinvestor: Would need to pay a minimum of £12-14 bn to get hold of RR, with debt on top, Melrose not in that league, particularly with the MRO share price near current levels.
darrin1471: RR share price jumped near the close of business on Friday by 20% without any obvious story. 100m shares traded in last half hour. Speculation was that BAE may be interested. What about MRO? Too big to swallow? MRO £5.5b mkt cap. RR £8.4b GKN debt repaid "Ahead of plan, the opening net debt(1) of GBP3.4 billion at the GKN acquisition has been fully repaid in less than four years" UK government RR golden share reduces the number of possible bidders. I hold MRO and RR.
essentialinvestor: Darrin, good fortune, sounds like you are very clear on a trading plan. Reduced MRO today but can't make a definite call on either market levels or individual share prices, just try to add a few of what I like on down days. A good deal of bad news already in the MRO price it's fair to say, but would doubt increased volatility is over.
1justine: Don’t know about looking forward to GKN auto and aerospace back as listed entities. It would have been better for GKN shareholders if GKN had never lost that status or had found a home other than Melrose. Just look at MROs price performance since the acquisition. Abysmal versus any relevant Stock Market Index. The MRO management should have stuck with more bite size aquisitions; GKN was too much for them and directors buying a few shares every time the share price comes under sustained pressure won’t convince the market otherwise.
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.
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.
Melrose Industries share price data is direct from the London Stock Exchange
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