Share Name Share Symbol Market Type Share ISIN Share Description
John Menzies LSE:MNZS London Ordinary Share GB0005790059 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50p -0.37% 680.00p 673.50p 677.50p 683.00p 671.50p 680.50p 59,098 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 1,981.6 19.8 11.8 57.6 567.29

John Menzies Share Discussion Threads

Showing 826 to 847 of 850 messages
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older
DateSubjectAuthorDiscuss
15/9/2017
07:29
Having bounced a lot on the first day, DX trending down steadily since then, not helped by this morning's profit warning over something the auditors found by the look of it. Meanwhile I am surprised to see Menzies' continued strength despite the DX deal falling through. Still on the sidelines for now.
1gw
21/8/2017
07:54
£16m market cap. DX and it's largest shareholder may regret not accepting the John Menzies offer. To me, it is inconceivable to believe DX continues without a significant capital raise. Will DX shareholders support this? I doubt it. Connect or John Menzies should perhaps attempt round 2 of acquisition talks...
buffettjnr
21/8/2017
07:26
Looks like they managed to re-open DX. at 6p, although it has bounced a bit since.
1gw
16/8/2017
07:57
So Numis resumed their coverage yesterday with a BUY and a target price of 860p, having previously been reported as having a 650p target price back in March. I guess for now at least the impressive (adjusted) earnings trump the apparent loss of the DX. deal and the likely delay in achieving the split. Can't quite bring myself to buy back in just yet though. It looks like it is going to be another year with a big gap between statutory and adjusted earnings and there remains some execution risk around the integration I would have thought. Perhaps wait to see what happens when trading volume picks up (presumably) after the holiday season. hTtps://www.nandp.co.uk/sharedealing/company/?companyCode=MNZS
1gw
14/8/2017
10:50
Or it could just be that Mnzs are following a strategy similar to the one you suggested in post 287 - and that there is sufficient buying interest to support the price from shareholders believing that they will end up picking up DX assets cheaper than originally expected?
1gw
14/8/2017
07:05
And that's me out completely again on that news.
1gw
07/8/2017
12:07
I used to be indecisive but now I'm not so sure... Don't like the continued radio silence on the DX deal so have sold some ahead of next week's results when presumably we will get some sort of update on why it's taking so long.
1gw
24/7/2017
09:23
CNCT should be buying stock back. It's very clear to me. Not that clear to the company.
buffettjnr
24/7/2017
09:07
A 1-year or year-to-date chart of Mnzs vs Cnct makes for interesting reading. I can imagine the Connect board thinking "something must be done".
1gw
20/7/2017
17:23
"The boards of DX and John Menzies continue to anticipate the Transaction will be completed during the summer of 2017." (5th June announcement) Better get a move on and get those shareholder general meetings fixed then. Feels like the timetable is slipping. You think DX are trying to get a counter-bid from Connect?
1gw
16/7/2017
13:10
Also...don't discount Connect being in the mix...
buffettjnr
16/7/2017
13:00
I imagine when the deal was conceived it appeared perfect to Menzies - if not too good to be true! Menzies were looking at options to split the aviation business from the distribution business and I think the idea of reversing the distribution business into DX would have appeared to give them the opportunity to avoid the costs of a float as well as providing increased scale, considerable synergies and the chance of realising further upside by turning round the operational performance of the DX business. Fast forward through public objections from an activist and non-supportive DX shareholder, renegotiation of the deal, police investigation and (perhaps) ongoing doubt in some DX shareholders' and management's minds about whether it is really the right thing for DX (or indeed who is actually buying who!) and some of the shine has perhaps worn off. I think they need to put this to bed as quickly as possible now and get the shareholder meetings and votes organised. If they can't get sufficient DX shareholder support then walk away and pursue a "simple" float deal for one of the Menzies businesses. If the DX business can't be turned round by DX then there will presumably be an opportunity to make an offer for it in due course.
1gw
15/7/2017
13:57
Menzies should withdraw its interest in combining with DX and make an offer 1p. That's where DX would trade.
buffettjnr
15/7/2017
12:02
Yes were are if it were an offer. Since we are buying you it is really a stupid way to do it. Better Menzies buys DX then lists them freight side with an ipo much simpler
reallyrich
14/7/2017
20:54
Probably is...I think the issues coming to light in the DX business are badly management and poor decision making. Hopefully, Menzies can inject their own style into it. At least, I suspect, DX shareholders would be grateful to have the Menzies offer.
buffettjnr
14/7/2017
08:25
Is it just me or does the tone of the last couple of mnzs announcements suggest that the relationship with dx is a little strained?
1gw
07/7/2017
17:36
Better late than never for the Mnzs acknowledgement rns, although hardly the most gung-ho of drafting. Need to get dates scheduled for the general meetings and shareholder circulars published.
1gw
07/7/2017
08:30
Slightly disconcerting though that there's little price movement today and I appear to be the only one putting any volume through, at least on published trades, even if I'm still waiting for one of mine to appear. Hoping that Menzies will put out an rns at some point acknowledging the DX. news.
1gw
07/7/2017
08:15
I've got a reasonable track record of trading menzies, so happy to get the odd one wrong. I tend to look at groups of trades rather than individual ones in any case. The most recent group of sells have been at 694p (28th April), 718p (23rd May), 710p (16th June) and 659p (5th July), all including costs. Average 696p. Bought a large part of them back this morning at 685p average (again including costs). So just a bit above breakeven this time as it turns out, but in my view trading, especially on news, helps to manage the risk.
1gw
07/7/2017
07:34
Making your broker happy since 1987
buffettjnr
07/7/2017
07:05
And back in again on the DX. news.
1gw
05/7/2017
14:45
Absolutely. It always makes sense to sell when something falls.
buffettjnr
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older
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