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Prices & Quotes - UK Markets - Melrose Industries (MRO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 167.60p
Change Today:
1.40p
Market Cap:
8,142m
Sector:
General Industrials

Thursday preview: US ADP jobs report, Melrose in the spotlight

By Alexander Bueso

Date: Wednesday 04 Sep 2019

LONDON (ShareCast) - (Sharecast News) - The market spotlight on Thursday will shift back towards the US labour market.
At 1315 BST, US consultancy ADP will release its private sector payrolls report for August, which may foreshadow what investors can expect out of the official non-farm payrolls report due out on the following day.

The next monthly jobs report meanwhile may influence US central bankers' decision heavily when they next meet, later in September.

No major economic releases are scheduled in the UK.

Across the Channel meanwhile, factory orders data covering the month of July are due out.

Investors will also be keeping tabs on the results of the Swedish central bank's policy meeting.

For Melrose's fist half numbers, UBS analyst Celine Fornaro was expecting the turnaround specialist to report a "good performance" at its Aerospace arm, albeit alongside a "challenged" end market for automobiles and with margins under pressure at its security unit.

To take note of, at the time of its 9 May update, Melrose had guided towards overall group margins of over 11.0% over 2019-21, with those in Aerospace at 12.0%, Driveline at 11.0% and PowderMet at 14.0%.

"Melrose shares tend to pay off significantly when industrial end-markets growth is moderate/slowing as management has a proven track record on tackling the cost base while investing and then selling the asset when momentum is picking up," Fornaro said.

Thursday August 29

INTERIMS

Chesnara, Churchill China, Eddie Stobart Logistics , Fisher (James) & Sons, Hunting, Public Joint Stock Company Rosseti GDR (Each REPR 200 ORD) Reg S, The Gym Group

INTERIM EX-DIVIDEND DATE

Ascential, Baronsmead Second Venture Trust, Baronsmead Venture Trust, Camellia, Capital & Counties Properties , Centamin (DI), Charter Court Financial Services Group , Chemring Group, CRH, Globaldata, Hammerson, Hochschild Mining, Hostelworld Group , InterContinental Hotels Group, JPMorgan American Inv Trust, Mincon Group , National Express Group, Northern Electricity Prf, OneSavings Bank, Plus500 Ltd (DI), Polypipe Group , Quilter, Rights & Issues Inv Trust Income Shares, Rotork, Secure Trust Bank, St James's Place, Transgloble Energy Corporation NPV (DI), Tullow Oil, Ultra Electronics Holdings, Wood Group (John)

QUARTERLY PAYMENT DATE

Greencoat Renewables

QUARTERLY EX-DIVIDEND DATE

BlackRock World Mining Trust, Canadian General Investments Ltd.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Continuing Claims (US) (13:30)

Economic Sentiment Indicator (EU) (10:00)

GDP (Preliminary) (US) (13:30)

Import Price Index (GER) (07:00)

Industrial Confidence (EU) (10:00)

Initial Jobless Claims (US) (13:30)

Pending Homes Sales (US) (15:00)

Personal Consumption Expenditures (US) (13:30)

Services Confidence (EU) (10:00)

Unemployment Rate (GER) (08:55)

FINALS

Hays

SPECIAL EX-DIVIDEND DATE

Martin Currie Asia Unconstrained Trust

AGMS

Braveheart Investment Group, Dods Group, Downing One VCT

FINAL EX-DIVIDEND DATE

600 Group, Alpha Financial Markets Consulting, Auto Trader Group , DWF Group , Gordon Dadds Group , Knights Group Holdings , Robinson, Solid State, TheWorks.Co.Uk, XPS Pensions Group

Q1

Amigo Holdings

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MRO Market Data

Currency UK Pounds
Price 167.60p
Change Today 1.40p
52 Week High 248.50p
52 Week Low 74.36p
Volume 8,816,591
Shares Issued 4,858.25m
Market Cap 8,142m

Performance Indicators

Compare performance with the sector and the market.

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Income
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P/E
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 10
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MRO Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-19 04-Apr-19
Paid 11-Oct-19 20-May-19
Amount 1.70p 3.05p

Trades for 03-Dec-2020

Time Volume / Share Price
16:35 3,617,954 @ 167.60p
16:29 1 @ 166.85p
16:29 1,128 @ 166.90p
16:29 1,500 @ 166.95p
16:29 122 @ 167.00p

MRO Key Personnel

CEO Simon Antony Peckham