Menzies(john) Share Discussion Threads

[rastamouse] 24/6/2020 22:24

Wait for the futures to open and trade overnight.That will give you tomorrow's direction.I still say Blue finish tomorrow.

[jock3636] 24/6/2020 22:06

Go on Bloomberg and all you see is Red I doubt the channel is done

[rastamouse] 24/6/2020 21:52

We are at the bottom of the current trading channel. Obvious buy/top up time.Blue tomorrow.

[wburton619] 24/6/2020 21:51

Easy top up almost guaranteed double up by end of year

[jock3636] 24/6/2020 21:12

Dow crumbling it looks like another cataclysmic fall tomorrow110 is my guess

[buffettjnr] 24/6/2020 19:25

Debt incurred bailing out the banks is 1/10th of this overreaction.

[aberloon2] 24/6/2020 19:08

Buffetjnr..."so that my kids kids kids kids would not be paying off the debt thanks to supporting a 3 month Coronocation" they'll be paying off the bankers debt from 10 years ago, something else that capitalism is good at that was bailed out by the taxpayer....

[rastamouse] 24/6/2020 18:08

Added today at 1.30 as gap was filled.Should see next wave up past recent highs of 1.65.With all things being eqal 2.05 possible soon.

[kaos3] 24/6/2020 15:13

yes bootom of the channel. adding

PS - observing the trading - more buys than sells and the share price drops. Sells drop bid/ask and then larger block is bought. Someone clever is accumulating and testing the limits of the sellers.

All above bodes well for the future - when the process is exhausted. Then the share price will hopefully shoot up. When - when the vol of the shares traded will dry up. and at these levels it is slowly drying up.

all imho

[rastamouse] 24/6/2020 15:06

But...gap closed so top up time.

[buffettjnr] 24/6/2020 14:14

Menzies staff turnover was running at over 80% historically, costing over GBP10m annually. This will fall to below 20% now. The cost saving is material.

[haywards26] 24/6/2020 13:57

Redundancies cost money Buffettjnr. Settlement/redundancy costs, legal advice in addition to lots of internal time and resource. It also destroys morale and usually leads to the best and most valuable staff leaving of their own accord.

Large scale redundancies are generally negative for a company.

[buffettjnr] 24/6/2020 13:36

1. I'm not qualified to make a moral judgement
2. For what its worth, my view is that we should have accepted what nature had thrown at us...protected the care homes as best we could, and let the rest of the economy continue, with no shut down. Acceptance is the only way out of this. The sooner we realise that, and get people working, business moving, and capitalism doing what it does best, the more sustainable our economy will be. Death unfortunately is inevitable for now...we have had one month's excess deaths so far. I would have accepted far more deaths and have kept the economy open so that my kids kids kids kids would not be paying off the debt thanks to supporting a 3 month Coronocation,

[plentymorefish] 24/6/2020 13:00

Lets face it though buffettjnr....those 'people' that implemented the lockdown are more than comfortable enough not to suffer the financial pain that those that can least afford it (ie the working class) will......time will tell whether the medicine was worse than the disease.....however, for the poor people who have lost loved ones....they may have a different view.....damned if you do etc.....

[buffettjnr] 24/6/2020 12:17

People should have thought about this before they implemented the ridiculous lock down. Job losses will be massive. Get used to it. It's how capitalism works.

[rastamouse] 24/6/2020 12:01

Job losses unfortunate and very sad.Opportunity for JM.

[plentymorefish] 24/6/2020 11:35

The economic fall out is only just starting.....the government schemes have simply delayed the pain for many families......sad news indeed.....

[wburton619] 24/6/2020 11:33

Not good news for the unfortunate people who have lost their jobs, however that leaves a few contracts available in the near future for Menzies to increase market share

[solarno lopez] 24/6/2020 11:25

Don't be silly Buffet 4500 people have lost their employment

[buffettjnr] 24/6/2020 11:23

dealing with the double digit IQ brigade again today. This is good news, not bad news.

[solarno lopez] 24/6/2020 11:15

Geez this gets worse

[pooltowerpower] 24/6/2020 10:38

SwissPort have just announced they are to cut 4500 UK jobs. That's half their UK work force.

[kaos3] 24/6/2020 08:48

great news. hardworking, fast, adapt, ....

[papagai3] 24/6/2020 08:44

24 June 2020

The Australian government recently announced an AUD110 million International Freight Assistance Mechanism to help the supply chain recover following the coronavirus crisis. The stimulus is designed to help Australia export to key overseas markets, with return flights importing vital medical supplies.

Menzies’ cargo teams in Brisbane, Melbourne and Los Angeles won the cargo handling contracts for Virgin Australia’s charter programme, created to support the IFAM between Australia and the USA.

In each of the three locations, Menzies has responded quickly by helping Virgin Australia in setting up the charter programme, keeping safe and compliant and maximising the cargo loads. Virgin Australia, and their customers, have been deeply impressed by Menzies, and have invited us to partner with them as they expand the schedule and grow their cargo business.

Cargo Special Projects Manager, Andrew Tonna, says; “Once again, our hardworking team have shown their ability to adapt, their high level of knowledge and their pride – with the result that opportunities for additional business, albeit in a new way of operating, are opening up.”