WijMeister
03 May 2018
Re: Puzzled ...and with that kind of sanctimonious self aggrandising my image of red braces and a belly hanging over the trousers is created...cheers 'sound money'. I'll smile as I have my Thursday beer.
sound money
03 May 2018
Re: Puzzled Actually no we were being kind.The questions were not daft for someone with little experience. Someone though with such little experience should not be making this type of investment.I did think of trying to to provide full answers but realised that the knowledge gap was to large.I would hate to see anyone lose large sums of money through ignorance. And I'M not using "ignorance" in a derisory way. We are all ignorant about something.My comments are sincerely meant. I worked in the investment industry for the best part of my working life.My advice would be put your money in investment or managed funds, run a dummy portfolio of shares on here, by all means ask questions. Give it five years and see what you have learnt. M
WijMeister
03 May 2018
Re: Puzzled The long winter evening must just fly by for you two...
Yertiz
03 May 2018
Re: Puzzled 'Not' daft, sound money?? Look at it this way, Melrose (a car with a tow hitch) has bought a mobile chippy. (GKN) Unfortunately, the mobility of said chippy depends on the car to move it to the best places to continuously get the best prices. If the car is broken down, the chippy fails and without the chippy the car can't be fixed because there's no money coming in for repairs.So, if you were the owner of the car, what would you expect from the purchase of the chippy, apart from an occasional fish supper?Give it time, the rewards will be great (and I'm not talking about Cod 'n' chips!!).
sound money
03 May 2018
Re: Puzzled Guys,The fact that you are asking these questions which are not daft, would suggest that you should not be investing directly in stocks and shares, particularly of this sort.It might be a good idea to sell your holdings and invest in a professionally managed investment fund.M
WijMeister
03 May 2018
Re: Puzzled Hi wonxheath, I've been thinking the exact same thing for a while, I've done a bit of research but can't find anything definitive. I assumed we might get a statement giving us some info, but I've received nothing.
Heorot
03 May 2018
Re: Puzzled WonxheathAs I understand it, and I could be wrong, additional Melrose shares were issued to the old GKN shareholders but the GKN assets were added to Melrose's holdings to balance it out. The asset value of the group has increased, but so has the number of shares. That's why the Melrose price hasn't changed by much.
wonxheath
03 May 2018
Puzzled Forgive my ignorance but what happens to Melrose shareholders? I see GKN shareholders will receive new shares plus 81p. So what is in it for us? Previously when Melrose have sorted a deal the SP has dropped and we received cash back. That was when I bought more and that has paid off handsomely. So is anything coming our way (ie new shares etc and in which company)? And what about cash, if any, generated by the Nortek deal? Ignorance ... puzzling! Thanks
Yertiz
26 Apr 2018
Re: Hedge Funds Numberbiter, you ARE George Osborne and I claim my £5,
Grill Bimsie
26 Apr 2018
Re: Hedge Funds Numberbiter,I think you'll find that shorts have fallen from 17.9% to 4.4% in recent days![link]
sound money
26 Apr 2018
Re: Hedge Funds Numberbiter, Yep MRO shareholders will lose out just like they always have. Right?M
numberbiter
25 Apr 2018
Hedge Funds Having secured GKN's takeover (like Brexit, just) the hedge funds are after Melrose. They know that the company will be weighed down by huge debts, which will be difficult to service. So they will soon be starting their 'shorting' strategy, slowly at first, but gaining momentum once Melrose's consolidated Balance Sheet (including GKN) is published. Any GKN investor selling to Melrose should take the cash they were offered and once banked they should sell their Melrose shares as quickly as possible.The hedge funds plan to make millions; the only losers will be Melrose's shareholders.
Bluedamson
24 Apr 2018
Re: Done and Dusted Hurray
pike fisherman
24 Apr 2018
Done and Dusted This afternoon88.5% of shares accepted.Agreement with Govt“As announced in Parliament today by the Secretary of State for Business, Energy and Industrial Strategy, Melrose confirms that it has entered into deeds of undertaking in respect of the GKN businesses, including in relation to national security.As a British company, Melrose works in the national interest and remains wholly committed to protecting the UK's national security.A copy of each of the respective Deeds of Covenant and Undertaking will be published on Melrose's corporate website: www.melroseplc.netChristopher Miller, Chairman of Melrose, said today:"We are pleased to sign these legally binding commitments. We have been in discussions for many weeks with Government as to how best to cement our long standing and clear undertakings and are grateful for their guidance. We look forward to continuing to work with the Government as we return GKN to be a manufacturing and engineering powerhouse."
Apostrophe
19 Apr 2018
Re: can I sell my GKN shares today? thanks - that's how I saw it, but it looks like the trading platform would allow me to sell them....I assumed that once I had completed the 'corporate action' that the function to sell would be disabled....
