Morning Sonnyb! Yes, exactly my thoughts. We are into an age of hi-tech combat thanks to the UK government's recently announced defence objectives. The things modern technology can do reliably is quite amazing.
Anglo American was the standout loser as it announced the closure of its Drayton coal mine in Australia next year after the New South Wales Planning and Assessment Commission recommended that the government block an expansion of the mine.
Hi, I think the MMs and IIs have a long reach and fingers in every pie as they seem to always know something before the RNSs come out. Maybe it's just this time of the year when all news is bad news and they all do their best to get sp's down so they can buy them on the cheap - all imho of course!
Following the completion of the Disposal, which is expected to occur in the first quarter of 2016, steps will be taken to effect the Proposed Return of Capital, unless the Board considers that it is no longer in the best interests of Shareholders. Whilst the precise timing of the Proposed Return of Capital will depend, among other things, on the availability of Court dates, New Melrose would seek to return capital to Shareholders within 5 to 7 weeks following the completion of the Disposal. The Proposed Return of Capital will require two court hearings, but no further general meeting of the Shareholders of New Melrose.
Meggitt has won a multi-million dollar contract to provide the cargo smoke detection system (CSDS) for the Boeing 777X aircraft. The company did not give a specific value on the contract. Production will start in 2017 from Meggitt's facility in Simi Valley, California to meet entry into service in 2019.
Thanks Sonny. I have now found the cause in the trading update RNS issued the end of October. My former career experience is also in the electronics/aerospace industries in the UK, and notice they do have a knack of turning themselves around as one looks to the future. Good luck with the work - I think that after 30 years you are, perhaps, in the higher echelons now ;-) !
Hi Sonny, quite a record to be with a company for so long! I have just bought in to mggt and despite searching their website and lse, I cannot find any info on what happened to cause the drop last week. Could you possibly tell me what happened? Many thanks
to all you recent adventurer buyers28 Sep 2015 16:42
I bought in here two years ago when I saw the quality of the whole business and the stable management. The sp was 26p then and I've been adding ever since. Current market cap is simply too small for such a quality company.