A director at Melrose Industries maiden bought 20,000 shares at 462p and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
Edison Investment Research Limited Edison Investment Research Limited: Melrose Industries (MRO): Initiation - A proven, high-value creation model 01-Nov-2021 / 08:00 GMT/BST London, UK, 1 November 2021 Melrose Industries (MRO): Initiation - A proven, high-value creation model Melrose has a proven track record for creating shareholder value through its 'buy, improve, sell' model. Focus on financial returns and close management alignment with shareholders ensures tight discipline in the acquisition and disposal phase to combine with the key value enhancement achieved in the im...
Melrose has a proven track record for creating shareholder value through its ‘buy, improve, sell’ model. Focus on financial returns and close management alignment with shareholders ensures tight discipline in the acquisition and disposal phase to combine with the key value enhancement achieved in the improvement phase of the strategy. The circularity of the model provides clarity: monies are raised to finance individual transactions with the disposal proceeds subsequently returned.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The independent financial analyst theScreener just awarded an improved star rating to MELROSE INDUSTRIES (GB), active in the Industrial Machinery industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date August 3, 2021, the...
The Board seeks shareholder approval of the revised 2020 LTIP and amended Remuneration policy. Overall, the 2020 plan remains consistent with previous ones. Thought, Melrose proposes three changes to adjust the LTI for the impact of Covid-19. The Board proposes to set a starting price, from which the created value will be assessed, at 146.85p. The plan will vest if the shareholder return is above 5% p.a., which gives us an effective start price of 170p per share. This effective start price is a...
Item 2: Remuneration report The Board and senior Melrose executive team have committed to a 20% reduction in salary during the Covid-19 crisis. Due to the particular business model, the remuneration is structured with one single lump award on business acquisitions and heavily weighted towards long-term value creation. 2017 LTIP is unlikely to vest in May 2020. Given the present uncertainty and lack of clarity until this crisis is over, the Board will not be proposing a resolution conce...
Item 2: Approve the Remuneration Report The structure is unacceptable given the lack of a cap on the LTIP. The main concerns are with alignment given that 80% of the bonus is determined by EPS and the LTI is 100% determined by share price. Both of these metrics are not considered appropriate as they can potentially be influenced by executives. We are further concerned with the Company's disclosure as they did not provide an expected value for the LTI award made during the year. We recommend...
La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 193,10 p prochainement. Le prochain objectif est à 156,41 p, puis 150,42 p. Le franchissement de 201,70 p remettrait en cause la suite de la baisse.
The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 193.10 p. The next target is at 156.41 p, then 150.42 p. Passing 201.70 p would question the continuation of the fall.
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