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:)
Now sold out after a very decent 39% return.
That was my thought too.
I would have offloaded the Dowlais shares over the Melrose given the FCF forecast over the coming years! Suspect he has his reasons...
Divorce settlement perhaps?
MRO is a good momentum share, I made 32% with it in 2016 and it is up a similar amount for me this time
I've held MRO since 2018. I was down as much as 60% during the pandemic, now -16%. It's nice to see a share, that I had almost written off, doing well. I'll hold for another 5 years and see what happens. I'm expecting a decent divi and modest growth from the demerged companies.
Well BigDee we now know what the market thought of the demerger. The combined market value of the Dowlais and Melrose shares we got is the equivalent of 205p per Melrose share before the demerger compared with 149p at the time you
wrote. The question now is are the shares fully valued? Certainly on my "watch list" as a potential sale.
Here , since the split , can we break £5 soon ?
Have to wait for bigger fish to take the lead to benefit from such news.
maybe watch out of TR1s or just hold in an ISA.
Definitely not one for trading unless big bucks.
Have you seen update for mro materially ahead
Done and happy to do so.
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That is how I've worked it out too, slightly positive.
Say you had 1000 Melrose shares cost £1650
Now you have 333 new Melrose share at £4=£1,330
+ DWL 333 at £1.17= £389
Total value £1,719
Overall positive; correct me if I have missed anything here ?
Sorry to hear that.
I imagine your new consolidated Melrose shares will turn up in a day or two. A similar thing happened to me with Selftrade (got taken over by Equiniti I think). They were diabolical and would even make retrospective adjustments to cash accounts. As I recall there was a similar corporate action (split or consolidation) and I wanted to sell on the first day. They wouldn't let me sell for a day or two, by which time the price had dropped.
I have Parkinson’s…tapped the post prematurely!
Sorry if my post isn’t very explanatory.
I’m not expecting that scenario as you describe. Equiniti have told me that I now don’t own any Melrose shares at all….non registered in my name….just DWL shares.
Which suggests that for every 3 Melrose shares I had at close yesterday I now only have the one Dwl share. Will have to see what transpires….
No I’m not expecting that. Equiniti told me that I now don’t own any Melrose….just DWL
Sounds about right.
The Melrose shares trading today have been consolidated from three Melrose shares trading yesterday. That means technically they are not the same shares. They have a different nominal value and different SEDOL/ISIN numbers.
You can't expect to present a certificate for 3,000 of yesterday's Melrose shares and expect to sell them and receive the proceeds from the sale of 3,000 of today's Melrose shares.
……so I am confused ????????????????????
I checked with equiniti and my share certificate and ref no with Melrose is no longer valid/ recognised.It has been replaced with a new share cert and shareholder ref No with Dwl for a third of the original no. Melrose has also been taken out of my share portfolio.
Good post poleaxe thats how i see it , round about level , good to see the director buy though gla for a rise in both companies
So a 4% increase on the split per below values.
Hopefully DWL gets purchased soon.
For every three MRO shares held at close yesterday (161.95p) you now have
One MRO share (currently 393.7p)
One DWL share (currently 111.9p)
That's not exactly "a huge loss".
Have just spoken to Equiniti; apparently we have been given one share in DOWLAIS for every three we owned in Melrose. so our share holding is reduced to a third……at at only £1 per share??? Means a huge loss it seems??
I'm just waiting on the Dowlais shares to be allotted, will see us with a small profit overall. Nothing has been added to my account as yet though!