Menzies(john) Share Discussion Threads

[stpalm] 26/11/2015 14:31

Looks like a head & shoulders on the chart but im no expert. I think it will go down and meander short term unless we have some news about releasing hidden value. I used to think the management were quite good here, obviously not so sure now but i haven't bailed as yet.

[buffettjnr] 24/11/2015 09:47

Thanks. I haven't seen that.

[1gw] 24/11/2015 09:37

Numis re-iterate BUY and 600p target
Peel Hunt re-iterate HOLD and 535p target

Although the Peel Hunt target sounds out-of-date if they are standing by "Hold" at the current price.

[buffettjnr] 24/11/2015 09:16

Definitely net profit number, not net profit before tax. I see Singer upgraded numbers this morning to 46.1p 2015 and 47.2p 2016.

[typo56] 24/11/2015 08:41

Sounds low. I have a broker consensus of about 40.5.

[buffettjnr] 24/11/2015 08:21

estimate was 27.7m

[1gw] 24/11/2015 08:12

As usual, with this sort of TU, we're left wondering what the board's "previous expectations" were.

[buffettjnr] 20/11/2015 11:42

Um, from the company....

[my retirement fund] 20/11/2015 11:02

How do you know there will be an IMS?

[buffettjnr] 18/11/2015 15:14

Overall, activist and those sympathetic to their cause are very close to having 25% of Menzies - perhaps today they got to that level. That means no special resolutions can be passed without these shareholders voting in favour. So either management deliver (which I somehow think they will do in the IMS due next week) and continue to delivery thereafter, or we will see this company being split up and value unlocked.

[1gw] 18/11/2015 14:10

Only just noticed, but Kabouter went up to 11% as of 12th October.

So Lakestreet + Kabouter now have 17% between them. That's quite a big block for pushing the split case if that's what they're after.

[1gw] 12/11/2015 11:04

OK. Investment case for MNZS.

Two businesses, distribution and aviation.

Distribution has a large position in a declining business (mainly UK newspaper & magazine distribution). It has been shrinking, focusing on becoming more efficient and throwing off lots of cash. However, following a strategic review it is now aiming to start growing again - based on better use of its distribution assets and in particular using them during the day, not just overnight. The recent acquisition of AJG Parcels is an example of this.

Aviation is "a leading global provider of passenger, ramp and cargo services". It had been growing both revenue and profits impressively until it became a bit unstuck in 2014 hitting some operational problems. These have been addressed by new management and hopefully it can soon demonstrate renewed growth.

The issue is whether the Aviation business is fully valued by the market given Menzies has traditionally been regarded as a distribution business. An activist shareholder (Lakestreet) has argued for a split of the businesses (which in the past has been opposed by the board and the founding family) and increased its stake to 6% in July. Kabouter (which also increased in July, to 10%) is thought to be supportive of Lakestreet.

The Aviation sector in which Menzies operates is highly fragmented and perhaps ripe for consolidation. The sale of Swissport to a Chinese company for $2.8bn earlier this year established an interesting benchmark.

So could a return to growth in Distribution, pressure from the activist investor and the new CEO combine to persuade other major shareholders that the time is now right to float or even sell aviation and crystallise "hidden" value in the company?

My views only. Please do your own research.

[my retirement fund] 11/11/2015 17:59

I think once the price falls to meet a dividend yield around 5% there may be some reason for support.

Will be interesting to see how the air freight business is doing

[ariesr] 11/11/2015 17:11

Aha.....at some stage in late spring perhaps.

What is JM unique selling point to consumers that would justify higher sp?

[my retirement fund] 11/11/2015 17:06

A retest of £3 at some stage perhaps ?

[ariesr] 11/11/2015 17:00

Agreed, the only way for this one is a downward trend.

Just an opinion without any fact to back it up.

[my retirement fund] 11/11/2015 16:47

This is coming back down

[mike740] 27/8/2015 10:07

Insider Buying: John Menzies plc insider Buys 5,000 Shares of Stock (MNZS)
August 24th, 2015

John Menzies plc (LON:MNZS) insider Bell,Paula acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average cost of GBX 450 ($7.05) per share, for a total transaction of £22,500 ($35,255.41).

MNZS has been the subject of several recent research reports. Numis Securities Ltd restated an “add” rating and issued a GBX 440 ($6.89) price objective on shares of John Menzies plc in a research note on Monday, August 17th. N+1 Singer reaffirmed a “hold” rating and set a GBX 494 ($7.74) price target (up previously from GBX 440 ($6.89)) on shares of John Menzies plc in a research report on Tuesday, August 18th. Finally, Panmure Gordon reissued a “hold” rating and set a GBX 416 ($6.52) price objective on shares of John Menzies plc in a report on Tuesday, August 18th.



Shares of John Menzies plc (LON:MNZS) opened at 428.2500 on Monday. The firm has a 50 day moving average price of GBX 501.68 and a 200 day moving average price of GBX 433.13. John Menzies plc has a 12-month low of GBX 306.25 and a 12-month high of GBX 628.50. The stock’s market cap is GBX 262.51 million.

The firm also recently disclosed a dividend, which will be distributed on Friday, November 20th. Stockholders of record on Thursday, October 22nd will be issued a dividend of GBX 5 ($0.08) per share. The ex-dividend date of this dividend is Thursday, October 22nd. This represents a dividend yield of 1.06%.

John Menzies plc is a United kingdom-based company, which provides support services in fast-moving, time-critical markets. The Company operates through two segments: Distribution and Aviation. The Distribution segment provides newspaper and magazine distribution services in the United Kingdom and Ireland along with marketing services. The Aviation segment provides cargo and passenger ground handling services across the world. The Company is engaged in activities, including ground handling, distribution, cargo handling and cargo forwarding. The Company’s distribution activities are focused in two sectors: the United Kingdom print media supply chain and the United Kingdom retail logistics and parcel delivery market. The Company’s subsidiaries include Menzies Distribution Limited, Menzies Aviation plc and Menzies Aviation Holdings Limited.

[1gw] 26/8/2015 13:59

Wow, did something just happen? (sudden move to 440p)

[scobak] 25/8/2015 19:46

Totally agree. However holding off for the time being.May be cheaper in next few days.

[buffettjnr] 25/8/2015 13:20

Continue buying. Second half will be strong. Other buyers around.

[1gw] 24/8/2015 15:10

Just bought back the ones I sold on 3rd July. I was impressed by the way the share price got back to and held 450p last week, so hoping it has just been dragged down with the general panic today and will recover fairly quickly.