Menzies(john) Share Discussion Threads

[sphere25] 30/4/2020 17:01

This stock is bonkers lol

Highlighted them yesterday when it broke 110...rallied up to 120 lurched down then back up...and then next thing you know, it's at 140 today before lurching down from 135 to under 120 in a flash and then it closed at 127.

You can only laugh - its nutty!

Shows there are shorts at work here too. Seen plenty of these before (e.g. TCM and BLNX) where these bonkers moves were always indicative of shorts in play (yes different kettle of fish but same principle).

Well done if you're a longer term holder here. If this does rally higher, you will have definitely earned it with the nutty moves this one makes.

[buffettjnr] 30/4/2020 11:25

What would it take to get it to 250p?

[montynj] 30/4/2020 11:04

Looking v good

[gooner1886] 29/4/2020 21:29

These levels willl be cheap in 12 months anyway but be nice for one last go at 100p

[buffettjnr] 29/4/2020 21:28

Yes I hope for a pull back. I don’t have enough if it goes to 200p

[gooner1886] 29/4/2020 21:05

Agreed! I still see a bit of a pullback if im wrong great if im right top up

[buffettjnr] 29/4/2020 21:04

Missing the obvious point I’ve posted above. It’s a no brainer now

[paulof2] 29/4/2020 20:54

Agreed have been doing some nice trading on this past couple of weeks the rise today seems different though appears down to general market sentiment rather than anything company specific.

I've noticed that this share is very sensitive to any market news I suppose as you'd expect given the industry but seems even more so than others.

Good news and absolutely flies but a hint of bad news and it comes crashing down!

Glad i've got a holding here as could have easily been all out this morning trading but still think this will be going on a rollercoaster before any sustained rise but hope i'm wrong.

[gooner1886] 29/4/2020 19:21

This will be a long term no brainer, i got in at 95p been scaling in although the jump surprised me, pull back to 100p be nice again to top up

[sphere25] 29/4/2020 16:39

And then it closed up 14% at 123.2 and broke out.

Just like that! BANG!

[sphere25] 29/4/2020 14:22

Up and down 8% regularly sounds like a cracking good quick in and out trading share. Should have put it on the trading list earlier!

Interested to see if there are further keen buyers in size here. Nothing as yet, but noted there are a couple of shorts in here too and one does appear to be covering.

Much more bullish tones out there so good for the majority but these debt ridden stocks are always higher risk.

[buffettjnr] 29/4/2020 13:34

hxxps://news.sky.com/story/coronavirus-airport-services-groups-renew-call-for-sunak-help-11980401

Noteworthy that Menzies isn’t included in this, whereas before they were included...

[buffettjnr] 29/4/2020 12:24

Will be down 8% tomorrow. Then up 8% the next day. Although the volume today looks impressive. Perhaps they have secured a government grant?

[sphere25] 29/4/2020 12:09

Bang! Up 8%

[sphere25] 29/4/2020 11:17

Added this to the watchlist. Heavy buying coming into this stock. Riskier one but the market seems keen today.

[buffettjnr] 24/4/2020 04:44

Lots of debt at Swissport it seems.

[gooner1886] 23/4/2020 23:53

Swissport in major trouble could be a time for menzies to take advantage we shall see

[buffettjnr] 23/4/2020 15:42

Spain's airport operator, AENA, has just written to airport staff about resumption of flights.

No opening is foreseen in May/June, perhaps domestic from July, EU flights Sep/Oct, possibly Dec for others.

[paulof2] 21/4/2020 18:02

There’s always some nice swings on this 8% up one day 7% down a couple later

[gooner1886] 20/4/2020 22:27

Lol you have shot it

[sanks] 20/4/2020 21:45

My nob is a financial tool, it has the ability to erect and point in the right direction..it pointed to MNZS, hence why you see my Level 4 nob on the table.
For the record, i will remove it from the table when we skirtlift towards £6

Hope this is helping
Sanks...updating level 4 for the genuine nobulars

[sanks] 19/4/2020 20:14

Level 4 has this one on the Skirtlift list...hence I have placed my nob on the table with a Level 4 target £3.87 short term..overall £6.18 target

How this helps

[gooner1886] 19/4/2020 18:15

They could borrow off banks against assets aswell, id imagine if they needed to do a placing at these prices they would be well oversubscribed, although would mean some dillution. Hopefully this can hit 180/200p then you can leave a free ride depending on your own plans. You would think some form of funding or an rns about it willCome sooner rather than later

[buffettjnr] 19/4/2020 18:07

At the very least Menzies should be able to lend from banks with the new Covid lending not limited by revenue. Menzies is an excellent example of a business that would be profitable and sustainable were it not for the virus. Rishi needs to come to the party.

If so, I would agree with 300p at the very least. If not....