No probs! Just wary of this as it feels the market has no love for it. A PM that just like Boris (now making millions) doesn't have to worry about money!
Just be careful with this, demerger was smoke and mirrors and management team are off and prob collecting millions on the way out. GKN has been a fail v their business model.
Sorry Jeff, just trying! I stopped believing in fundamentals a long time ago, its all hype and BS! Whats in fashion, whats out of fashion. The valuable management team are leaving, after an awful five years, they paid £8bn and what is the market cap of mro and dwl combined today?
Im out. Gkn = disaster. The market can’t forgive this lot for not finding a proper buyer. When what you normally do is double the value of something, changing that to making something 75% of what you paid then dressing it up with a demerger is not gonna fly..
Ftse, this is so undervalued for how they have positioned it is a crime! Im just frustrated and ranting. 300p is realistic and what their business model should achieve. I averaged down 10p lately and now at 130p, doing that is dangerous though as can miss out the eventual wake up and rerate. It surely has to come!
Wish there was a nice rise today. This is dragging and the rest of the market is flying. I would have hoped to see this around 200p with the ftse 100 at 7900+. What a dog GKN has been. Still the clear winners are GKN shareholders. Original shareholders sadly looking for 240p…..
Management have done a great job but the market just hates melrose. Maybe because its British. F knows.
Rookie, it will just lift for no reason at all one day. I have given up trying to focus on fundamentals. The market is crooked. When you make as much cash/ebit as this does the truth has to come out. I am buying some now, last time i did it was pmo!
One surprise in there for me and its a long way down the list of points they make - the casual throw away of Tema, amidst all the BS I actually thought this was a good contract.
They will do a raise, just make up another load of lies about something else that doesn’t exist.
This company wants shooting , i hope now the market cap does everyone a favour.