tradingup
15 Apr 2018
Deathly Quiet Strange how nothing posted either here or on GKN board for many days.Couldnt see anything in Sunday papers or tv - after all the national security hype is it now going to go through on the nod?
nick2name
06 Apr 2018
national security as more work in germany than uk, is it german national security that the uk unions are worried about?
Heorot
06 Apr 2018
Re: National Security "Of course, but to say that folk sold because of a lack of faith in GKN is making an assumption that has no basis."Lupo, that is precisely why I was glad to get out of GKN at 4.25 after sitting on a loss for over 2 years while the company meandered on with no apparent direction. I hate selling at a loss so was just hanging on until I was back in the black. The boost from the bid was a bonus for me.
Yertiz
06 Apr 2018
Re: National Security Bye, then.Sad to see you go, Lupo - I really sort of enjoyed the distorted viewpoint you put across - but not as much as Numberbiter's misinformation and fake news. He probably works for the Daily Mail.
Lupo di mare
06 Apr 2018
Re: National Security Eh, what!Does the intellect and morality of MRO shareholders reflect the company's strategy, and vice versa? Just as well that I've now sold out of GKN.Farewell.
sound money
06 Apr 2018
Re: National Security Also what is wrong if some bought and sold shares over whatever time frame they chose. It's a lawful activity.At what point do you become an investor rather than a speculator?You either believe in free markets or you don't.M
alanwri
06 Apr 2018
Re: National Security So does that mean that the existing shareholders like you were speculators?
Lupo di mare
06 Apr 2018
Re: National Security alanwri - "Lupo, those speculators to which you refer at the end of your missive had to get their share purchases from somewhere."Of course, but to say that folk sold because of a lack of faith in GKN is making an assumption that has no basis. I sold part of my holding because I felt that I'd got a good price, and that I didn't want to become a MRO shareholder, and that I thought that it wouldn't go any higher. If GKN had remained independent, I'd have bought back at a lower price. No doubt I was not alone in my reasoning.
AmIDreaming
06 Apr 2018
Re: National Security On the contrary Lupo, my post was not unreasoned. However, clearly tongue in cheek so I’ll give you the ridiculous. Just about as ridiculous as Brexit I might add but that is of course only my opinion, and most likely irrelevant to Melrose and GKN.
alanwri
06 Apr 2018
Re: National Security Lupo, those speculators to which you refer at the end of your missive had to get their share purchases from somewhere. Presumably from people prepared to sell because they had no faith in the management or future of GKN!
Lupo di mare
06 Apr 2018
Re: National Security Leaving aside that ridiculous, unreasoned, post, here's some comment on the subject."Business Secretary Greg Clark has revealed that the details of the takeover plan are being looked at by government – including the MoD – as it decides if it will intervene. The takeover plan, which was approved by the company's shareholders last week, has sparked concerns in Telford, where the firm has a factory that employs more than 340 people.The government does have powers to block the deal under the 2002 Enterprise Act. Takeovers can be refused if they are deemed to affect media plurality, financial stability or - as in GKN's case - national security. Mr Clark said: “As a competitive economy, Britain has always had vigorous contests for the management of public companies. Competition for how a business should best be run drives efficiency and competitiveness, which is important for the economy and stakeholders. "During the bid, Melrose made commitments which they are bound to honour including investment in research and development and maintaining itself as a UK business. (Lupo - you could drive a bus through those "commitments.)"Now that shareholders have made their decision the Government has a statutory responsibility to consider whether the merger in its proposed final form gives rise to public interest concerns in the areas of media plurality, financial stability and national security. "This assessment will be made by the appropriate authorities and the conclusion set out in due course." The Defence Secretary Gavin Williamson is said to be concerned about the deal. Sir Gerald Howarth, formerly in charge of international security strategy, has said that the government is right to be sceptical about the takeover. He said: "Gavin Williamson is absolutely right to oppose the Melrose acquisition of GKN Aerospace unless cast-iron assurances are given that Melrose will maintain the business and invest in new aerospace technology and that they will not seek to dispose of the business without prior approval from the Ministry of Defence." The GMB union has added its voice to the chorus of those opposed to the takeover with Ross Murdoch, the organisation's national officer calling directly on Mr Clark to intervene. He said: "Allowing the short term gain of speculators to influence the future of one of Britain's oldest engineering firms sends out a harsh message to GKN employees: profits come before their job security. "Greg Clark must stop this deal before it damages the UK economy further." A decision on whether to block the takeover is expected to be taken in the next few weeks. Lupo - That it was "short-term" speculators who determined the result cannot be denied. Nor can it be denied that it is MRO's stated aim to buy and sell companies; so they've made a rod for their own backs there. It just remains for the MoD to determine whether or not the UK's security could be under threat by the hostile bid and what might follow. Personally, I assume that the MoD will make the right decision whichever way it goes. If required, they could go for further assurances regarding the future of the Aerospace division, but any such assurances had better be watertight, unlike the earlier assurances.
AmIDreaming
06 Apr 2018
National Security The government isn’t stopping Brexit on the grounds of national security (or should that be national stupidity), so they should keep out of this one too!!
tradingup
05 Apr 2018
GETTING A BIT OUT OF HAND Just noticed this Daily Mail 'SAVE GKN' campaign nonsense. something we couldwell do without. dragging in various political grandstanders. MRO spinners need to move in here quickly to avoid a gory mess.
sage in the hills
05 Apr 2018
Programmed trades Just look at the programmed trades going through today .........hoovering up at any price in this unexpectedly low sp phase .SAGE
sound money
05 Apr 2018
Re: What next? No need for rights issue this time.Institutions accepting MRO's valuable paper. Also bank borrowings are supplying cash cheaply.M
