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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Menzies(john) Plc | MNZS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 607.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 607.00 | 607.00 |
| Top Posts |
|---|
Posted at 22/2/2022 12:18 by hamhamham1 Sold up yesterday, got within a few percent of offer and 4x my money so took it off the table.I was going to put it onto STX but bottled it and just put in Lloyds this morning. With their divi and buy back coming this week, think I'll be up more than the few percent I cut early from MNZS, if not straight away, better long term returns for me. GLA. |
Posted at 19/2/2022 12:40 by convb This is a hostile takeover.'Agility buys 13% of Menzies stock as hostile takeover bid gains pace' hxxps://theloadstar. This is like a series of Succession! 700p plus before March 9th!!!!! win win for all MNZS holder! |
Posted at 17/2/2022 11:05 by melody9999 I note that the RNS says 'entered ito contracts to purchase'. That does not mean they have purchased them - could the contract have a get out clause to say if MNZS do not engage then the contracts will not be executed.What it is saying is that 13.2% of MNZS shareholders are happy to sell at 605p. 605p is a big hike from 510p which indicates NAS appetite. It also seems unlikely they will walk away now. If I was MNZS I would come to the table but continue to play hard ball. I would be thinking there is more to come....but probably not a lot more .... NAS will argue that MNZS shareholders are prepared to sell at 605p |
Posted at 15/2/2022 17:31 by convb If the EPS is projected to be 45p.Then even at 700p an EPS returns 6.4%, which is an excellent dividend. NAS uses a EBITDA value multiple of 6.4x to get to 510p per share. As per page 8 of the defense pack the industry media is an EBITDA multiple of 9.8x which is equal to 780p per share (note Swissport which was in a much worse state was at 10.9x multiple). Mercury Air Group was at a 12x multiple. Also MNZS suggest the NAS offer is conditional. So absolutely no way is this offer being accepted. The share price will rocket to 600p plus when the EPS figure is released at March 8th results. And I find it interesting that NAS final offer is to be filed by March 9th...so they have a 24 hour window to reflect on their opportunistic and wholly unsatisfactory offer MNZS IS NOT FOR SALE. |
Posted at 10/2/2022 14:28 by farukequity I see the biggest risk here to be MNZS board's egos and grandeur visions of future performance.Reality is MNZS balance sheet is very weak and while they've made a lot of progress over the past two years to streamline the business and win several new contracts, the bid is not unreasonable. The NAS statement this morning was very well crafted I thought, to appeal to both BOD and large MNZS investors, while also highlighting downside risks of the deal falling through. I'd expect one final offer with small bid increase, which should hopefully clinch it.We don't know what BOD is truly thinking and what are they hearing from major investors, hence the risk factor and share price trending lower than the bid proposal. |
Posted at 10/2/2022 13:51 by mammyoko 510p is too cheap. Based on MNZS's defence presentation, one can read into slides 7 & 8 that they think they're worth £9.60 on a 10x EV/EBITDA multiple and future adjusted EBITDA of £101.7m. Obviously, that assumes that their EBITDA forecast is credible. If it is 510p is way too cheap. If MNZS can demonstrate that it is a credible forecast then no reason why PE wouldn't be interested here.I'm not sure that £6 would persuade the BoD - if they genuinely believe their EBITDA forecast then £6 still implies only a 7x multiple. If it's pie in the sky then somewhere closer to £7 looks more likely - accepting £6 would clearly make that forecast look suspicious and destroy management credibility. |
Posted at 10/2/2022 13:43 by george stobart Swissport can't bid for MNZS because Swissport has gone bust twice the past three years.More likely that NAS / MNZS buy out Swissport than the opposite |
Posted at 09/2/2022 08:59 by dr biotech Mnzs now my highest individual holding at 5% (after the rise) so it’s a decent day for me. I’d take 510, anything above is a bonus.3H also interesting at THG. My holding here is 10x by comparison |
Posted at 02/11/2021 23:00 by gargoyle2 Both SCSW and MI have tweeted about MNZS this week.SCSW: #MNZS can it decisively break 300p this time? Been hidebound for a while. Berenberg " a valuation of just 7.9x 2022E P/E appears extremely attractive, and we continue to believe that shares will perform strongly over the next 12-24 months..upgrade price target to 500p" MI: TP2 constituent, #MNZS looking stronger. "Over the first 27 days of October, European traffic is stable at 73% of 2019 levels", says Eurocontrol. UK-USA flights re-starting shortly, while Aussies also to start letting in travellers. Break-out looming. #MNZS. Correction: Europe flights actually a recovery to 77% of 2019 levels. Today's Times: "New York set for a British invasion" (pages 44-45) forecasts 756,000 people to travel from UK to New York alone for work or leisure next year, albeit below 2019's 1.27m. |
Posted at 01/10/2021 09:58 by george stobart The issue in my view that keeps MNZS within this low valuation purgatory is balance sheet relatedMNZS has a negative equity position - ie negative net asset value In my view that's artificial because the US bailout funds inflated liabilities but should unwind gradually. MNZS also didn't raise enough equity to increase own capital and has also massive Retained Losses (rather than Ret Earnings) from the legacy distribution business. People are having bad memories from companies with negative equity, NAV or BV (see Carillion / Interserve) Consensus suggests a gradual move to a net positive equity position by 2023. But for analysts looking through traditional equity screeners, MNZS might be an easy pass as might think that the equity is worth nothing |
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