Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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yes looking very good again, gla
Simon Peckham, Chief Executive of Melrose, today said:
"Having agreed the sale of Ergotron, we are now in a position to again distribute capital to our shareholders and have chosen the quickest way to start to achieve that goal. We will continue to keep under review the appropriate capital structure of Melrose as we position for continuing success."
IMO Melrose has a company or list of potential next acquisitions in sight. Yesterday's announcement plus the recent director buys indicates they might be clearing the decks in preparation for an imminent announcement. I so really hope they don't do another capital return/share consolidation. Having gone through it last time with them and Aviva it really is disliked by many private shareholders.
I re-watched the automotive investor day presentation from last year and it really does make you feel excited for the prospects for GKN/electric vehicles given the macro-economic issues we see in the world. Tomorrow is the aerospace investor day so I am hopeful of a tick up in the share price.
I'd love to think they can become a £16b company but I'd be utterly delighted to see them back over £2 a share where they clearly belong.
I think Melrose are doing great, and doing a great job focusing in, and focusing on what that are selling off. I've held since the GKN takeover, and can't fault them; yes their are wild random gyrations, to me irrationally so.
I think they are delivering day to day in the business - and for the patient i strongly believe they will deliver for shareholders.
400p target then if they are to double the 8bn spent on GKN….
Ties up the Nortex turnaround nicely. We can now focus entirely on GKN to repeat the trick.
"The sale of Ergotron is the final step in our Nortek ownership cycle, capping what has been a very successful acquisition for Melrose shareholders. We will have more than doubled shareholders' equity investment in Nortek and have transformed the businesses themselves. Our attention now remains firmly on achieving the same result for the current Group."
It's been 15 months now since the CEOs interview with FT where he stated the next big acquisition would be in 9-12m. I guess the Ukraine situation has put paid to that and we will know soon enough what is in store.
Up over 10% in a month.
5 brokers say buy
3 say hold
0 recommend a sell
When the auto/airline recovery finally gains traction we are heading north.
https://www.tipranks.com/stocks/gb:mro/forecast
up-lift 82% from current price
It happened.
JPMorgan cuts Melrose Industries price target to 215 (240) pence - 'overweight'
https://www.tipranks.com/stocks/gb:mro/forecast
Average forecast 196.75p
EasyJet partners with GKN Aerospace to accelerate adoption of hydrogen in aviation.
https://www.gknaerospace.com/en/newsroom/news-releases/2022/easyjet-partners-with-gkn-aerospace-to-accelerate-adoption-of-hydrogen-in-aviation/
Looks to be looming large and have little confidence
that will hold - all imv Only.
Looking to add here.
Not helping manufacturers.
They need to get above 200p this year but there are so many issue that are out of their control. Its been horrible. In a market where acquisition prices have been through the roof they couldn't sell anything of gkn. The market cap is shocking. The of gkn must only be about £3.5bn (they still have some of nortek). I also found their 15p special div absolutely pointless. This has been a bad long term investment for me. Gkn original shareholders the only winners and that was flipping years ago.
Thanks very much for your helpful comments.
I favour RBC forecast 500p (within 12 months)
and have geared my portfolio to take advantage.
My average is 93p
THG announce results this Thursday, for 12 month
and the last Qtr
Will see how the land lies there-after.
Hi Pete
My view on THG is 'not for widows or orphans' .... A highly played, highly touted, share and nowhere near as safe as MRO.
Having said that - I've been buying THG since £1.95 and am, obviously, in an offside position there now.
Lots of daily noise on the THG board should be taken with a pinch of salt (far too many 'investors' over there hoping to get rich quick expecting a short squeeze, corporate action or a re-rate)!
THG - assuming results are in line - should gradually recover and head back towards £2 or so over the next 12 months. There doesn't seem to be any obvious reason for it's decline from £2.30 (on Xmas Eve) to 70p in mid March.
I'm certainly planning to hold for at least £3. The return to £3 though looks to be a longer journey than the drop from £7 to 70p!
But who know! Far to many games played with THG
Trenners
Buys out number Sells today 2/1 (currently)
Are we on our way to 220p within a reasonable period?
Though I only bought today.
Looking @ 220p within a twelve month IMO
Trenners - I like the way you think, and tend to agree.
Have any opinion on THG?
Their Target P rice is 200p
Would be worth-while
Am going with forecast of RBC
They know what they are projecting IMO
I just think we are sub £1.40 range bound (probably £1.10 through £1.34ish) and I can't see much changing (in an upward direction) until the war is resolved and then ..... Woooshhh....
You can see that the only recent day this has moved strongly up is 29/03 when reports came out that a peace deal in Ukraine may be likely .... Pretty much all down hill since then.
I'm sat holding - just gone ex Divi for a tasty 1p per share tax free cash .... I fully expect this to be £2 plus this time next year and view it as a fairly safe place to park money.
Gla
Trenners