Melrose’s demerger of the automotive businesses and the listing of separate entities (NewCo and Melrose with Aerospace) will provide greater transparency of valuation. Using listed peer ratings for the two entities, we estimate a combined valuation per current Melrose share of c 200p. In addition, both companies will be able to accelerate their strategic pathways with greater potential access to capital markets. Melrose shares have declined 25% since the announcement of the demerger despite mana ....
29 Sep 2022
Melrose Industries - Releasing the potential
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Melrose Industries - Releasing the potential
Melrose Industries PLC (MRO:LON) | 617 -86.3 (-2.2%) | Mkt Cap: 8,089m
- Published:
29 Sep 2022 -
Author:
David Larkam -
Pages:
17
Melrose’s demerger of the automotive businesses and the listing of separate entities (NewCo and Melrose with Aerospace) will provide greater transparency of valuation. Using listed peer ratings for the two entities, we estimate a combined valuation per current Melrose share of c 200p. In addition, both companies will be able to accelerate their strategic pathways with greater potential access to capital markets. Melrose shares have declined 25% since the announcement of the demerger despite mana ....