Menzies(john) Share Discussion Threads

[papagai3] 10/6/2020 10:29

Moody's works under contract, there is a fight for Swissport, Swissport bonds are still at 80-82 and have ignored the message

[kaos3] 10/6/2020 10:13

moody

Approximately 80% of Swissport's revenue is linked to the number of flights, which although is somewhat less volatile than passenger traffic, has been also significantly affected. Around 20% of Swissport's business is cargo handling, which is less vulnerable to a complete shutdown scenario compared to passenger traffic, but in Moody's view will also be depressed due lower economic activity and supply chain disruption.

The International Air Transport Association (IATA) currently forecasts that 2020 global passenger numbers will be 48% down year-on-year, with 2021 volumes around 30% below 2019, and only recovering to 2019 levels by 2023. Moody's base case also assumes around 20% lower cargo handling revenues in 2020 which will gradually recover to pre-crisis level by 2022

[papagai3] 10/6/2020 10:10

bears are back

[papagai3] 10/6/2020 10:08

Brussels is particularly interesting for cargo handling, which Swissport has not given up, but MNSZ could further expand its position
A good contract would be good news

[kaos3] 10/6/2020 09:55

Brussels Airport

Brussels Airport has been preparing for the possible departure of Swissport for weeks. When the handler almost went bankrupt in March, the airport operator already worked out an emergency plan. According to a spokeswoman, there must be a solution on Monday.

In any case, the airport must quickly look for a new handler. According to Belgian law, two handlers must be active at Zaventem. A possible candidate is the French handler WFS, who was a candidate for a license in 2018 but submitted his file fifteen minutes late. An alternative is the British Menzies, which previously negotiated with Brussels Airlines.

Whoever becomes the second player, it can take months to find and learn. Until then, airlines will have to find a different solution. Although a competitor doubts whether there will be much interest in taking over Swissport. “The handlers are not in a rosy situation either. It’s a really bad time. ”

[papagai3] 10/6/2020 09:52

lol that the sellers let MNZS breathe a sigh of relief

[papagai3] 10/6/2020 09:49

Takeovers are only discussed once the situation at Swissport has been clarified

[papagai3] 10/6/2020 09:45

I can handle numbers better than words

[kaos3] 10/6/2020 09:44

Papagai - agree - sector will go through the consolidation. I assume that MNZS is a nice target and that positions are being taken just for that. There is huge premium to be had for MNZS in a takeover situation

[papagai3] 10/6/2020 09:40

Buffettjnr
thanks for information, what you do not want to say, you do not have to say

[kaos3] 10/6/2020 09:39

lapsus lingus - Aktien lol

[papagai3] 10/6/2020 09:37

Living in Germany

[papagai3] 10/6/2020 09:36

Moody’s has now lowered the Swissport Group's debt rating from “B3” to “Caa2” junk status with “negative̶1; outlook. In other words, the risk of default is very significant, because this year the passenger business, with which Swissport achieves around 80% of its revenue, is expected to plunge 50% and more. Moody’s refers to an estimate by the industry association Iata. The association released a forecast on Tuesday that revenue from around 290 Iata airlines, which account for around 82% of air travel worldwide, could plummet this year by 60% to $ 241 billion.

It will be a tough fight. The one who wins gets everything. I personally also assess the situation at Menzies critically, but better than at Swissport. It is now a matter of adapting his business model to the new controls as quickly as possible. If Menzies does that, the stock will remain stable for years, but in the short term it will be exposed to greater fluctuations.

[kaos3] 10/6/2020 09:15

Papagai - bist du Deutsch?

[buffettjnr] 10/6/2020 09:14

🤷👌

[papagai3] 10/6/2020 09:11

is Miton second seller?

[papagai3] 10/6/2020 08:58

1,8 Mio. Aktien Kabouter?

[kaos3] 10/6/2020 08:42

I am afraid about timings:
- big seller disposes
- lock down lifted
boom
- market turns down again

if this order of events gets mixed not so good

[buffettjnr] 10/6/2020 08:38

And another 3.2m from the other seller. Then it flies.

[buffettjnr] 10/6/2020 08:37

Sorry. 1.8m shares

[buffettjnr] 10/6/2020 08:37

Not yet. Still another 1.4m share to go

[kaos3] 10/6/2020 08:05

it went up so fast that at the open the computers had hard time to follow share price rise lol

[rastamouse] 09/6/2020 16:43

Kab Management should nearly be out or out based on last TR1.This should bounce strongly soon.2 pounds ST target.

[plentymorefish] 09/6/2020 16:13

It would be rude not to.....

[rastamouse] 09/6/2020 16:10

Nice top up below 1.40