Edison Investment Research - MELROSE INDUSTRIES PLC (MRO) Melrose Industries - Short-term trading versus long-term value creation

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Edison Investment Research

Toby Thorrington

Melrose Industries - Short-term trading versus long-term value creation

Recent weakness in the share price (down 25% in Q122) reflects investors’ macro concerns. Melrose Industries’ value realisation occurs through disposing assets to vendors aware of the longer-term value. We expect disposals in 2022 (Ergotron and possibly GKN assets) to prove Melrose’s ‘buy, improve, sell’ model once more and support our valuation.

12/04/2022 1 EN

Underlying

MELROSE INDUSTRIES PLC

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GB00BNR5MZ78 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Toby Thorrington

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Melrose Industries - Short-term trading versus long-term value creation

Melrose Industries - Steady climb

Melrose Industries - Continued outperformance

Melrose Industries - Increasing trajectory

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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