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
  -0.60 -0.54% 110.00 8,844,926 16:35:04
Bid Price Offer Price High Price Low Price Open Price
110.05 110.15 112.95 108.95 110.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 10,967.00 106.00 -1.20 5,344
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:04 UT 2,582,033 110.00 GBX

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Date Time Title Posts
12/8/202015:05Melrose PLC with Charts and News11,663
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 110.60p.
Melrose Industries Plc has a 4 week average price of 82.20p and a 12 week average price of 82.20p.
The 1 year high share price is 255.20p 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 11,696,970 shares. The market capitalisation of Melrose Industries Plc is £5,341,651,331.82.
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.
sliotar: The debate on split infinitives by people with a passion for their subject, detailed knowledge and an ability to frame their arguments elevated the quality of posting here to a new and impressive high. It was indeed a breath of fresh air. If only such quality of analysis was now turned to the current volatility of the MRO share price. Instead it looks as if the Board will go back to trivia such as the quality of Bill's roast beef, the state of one's garden furniture and the achievements of fourth rate football and rugby teams.
ryelodge: The MRO Share price today is about 30% below the 232 pence that triggered the last LTIP bonus award of £42 million to each Executive Director. It is just over 30% below the Base CGT price for most investors that came in with the GKN acquisition. In the last 12 months it has underperformed FTSE Index Funds by about 30%. The last projection on this Board, a few weeks ago, was £4 by Christmas -- about 30% up on the same source's previous forecast of £3 by Christmas( that was last Christmas of course). But far less than 30% of the discussion here has any relevance to MRO.
ryelodge: Here's a suggestion. You may have done it already. Calculate the average MRO Share price since the strike date that resulted in the £42 million award to each Director last year. Compare the resulting average sharePrice with the 232p the award was based on, and use the company's LTIP formula to recalculate the LTIP Bonus award using the average of the past months. As you will see the total entitlement is tens of millions lower -- justfor the sake of a few months.The LTIP plan is obviously a lottery, and so that all stakeholders can then share the gravy, the MRO Directors might consider organising a stakeholders raffle for this difference in the total amount payable and someone else could be off to the Caymans.
meanwhile: Rover, the dog, here. I'm just sitting here, in MEANWHILE's cotton wool world, alongside one of the cats, the 3-legged one, who just happens to have more brains in its missing leg than getting, brexit & yertiz combined have ever had in their skulls. There's no itchy fabrics here either. MRO share price is indeed back to square one, but the company doesn't just have its loyal band of parasitic leeches as shareholders any longer. It has investors acquired with GKN, investing for dividend, investing to support british industry. The Directors will have to learn that they are serving a different audience now.
gettingrichslow: Meanwhile, those predictions are similar to what I'm thinking. In terms of MRO share price, I think the best outcome might now be one where the GKN bid 'fails' and they go for a different but similar size 'big fish'. The market will have now properly woken up to the scale of ambition of MRO and will to some extent price that in before any new bid in (dare I say it) 'expectation/hope' that one manifests. All sale proceeds from Nortek then come to MRO too. It is the GKN share price that is most at risk of sinking I reckon.
meanwhile: Vince Cable's imaginery friend & stooge is back I see, swearing and ranting as usual. These men of conscience are always so despairing and miserable. It reminds me of Woody Allen's quote, which I think he made at a jazz concert in Pontypridd, :“There are two types of people in this world, good and bad. The good sleep better, but the bad seem to enjoy the waking hours much more.” I suppose Monivera sleeps well, but has miserable days. MRO. It seems that these results have given MRO shares a bit of a boost, and raisied the bid price a little, but it happened last Wednesday & Thursday, presumably when the important people learnt the results, before the small investors did. I had hoped for a bit more, but it may yet come, although not today by the looks of it. GKN aside, the problem with current MRO shares is that a doubling of Nortek profits has long been in the price, most coming with announcement of the rights issue in 2016. So today's results, however good, are already taken. If the GKN bid is successful, and I expect a doubling of GKN value would then be forseen (although perhaps over 3-5 years in this case), the question is at what point, or points, would we see this expectation reflected in the MRO share price. Monovere, please don't comment.
sogoesit: Ok, thanks. I work out the theoretical ex-new issue share price of MRO will then be about 266p based on current GKN share price of 434p and MRO share price of 232p with MRO creating and issuing 2,559million new shares. Current MRO share price discount is 14.5%.... theoretically.
meanwhile: I have a question relating to a particular scenario, an increasingly likely one. For the purposes of this question, I am proposing the scenario of an offer of around 460p (some competent observers have suggested this figure) being accepted by GKN shareholders and the offer terms are as the current 80% MRO shares, 20% cash. 92p cash, 368p in MRO shares. Does anyone have any thoughts or predictions of where the MRO price will go from here in the short term, that is in the period running up to acceptance of such a Melrose offer and new MRO shares being issued.? In such a scenario The GKN price will now most likely creep up steadily to around the 460p expected to be offered. Forget other bidders. But what about the MRO price. I think this is a tricky one. The higher the MRO price goes, the less new shares will need to be issued to GKN shareholders to cover their 368p and each new share will have more of the total business. For MRO holders, this would seem to be a driver for the MRO price to be urged to rise, by whatever means. On the other hand GKN shareholders would benefit from a fall in the MRO price because they will then get more new MRO shares for their 368p. Any thoughts on what/who will drive the MRO price?
Melrose Industries share price data is direct from the London Stock Exchange
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