Menzies(john) Share Discussion Threads

[weemonkey] 23/11/2020 16:15

As has been said..

No one is flying anywhere without ground handling services.

Nice chunky buy by the CFO today

[undervaluedassets] 23/11/2020 13:30

today was it? . . better still

[undervaluedassets] 23/11/2020 13:12

Nice Spot Buffet.

If anyone knows about the value of this company it should be the CFO

£80,000 buy of company stock by him last week endorses my feeling MNZS is sound

[sharetips] 23/11/2020 11:08

Tipped in cityconfidential today

[weemonkey] 18/11/2020 08:29

nice price from last night ..

nibbled a few more .. it is a niche business that will survive and thrive.

long way to go for this company's share price

No one is flying anywhere without ground handling and refuelling services.

[undervaluedassets] 17/11/2020 08:03

Happening .. as I said yesterdday next resistance is miles away

[undervaluedassets] 16/11/2020 13:22

Bonus... managers and directors been big buyers of the stock in recent times.

[buffettjnr] 16/11/2020 12:55

Wizz contract win last week which I missed too. I understand not share price moving but at least they are still in the game.

[weemonkey] 16/11/2020 12:44

Yup UVA. Any close above 157p would be enormously bullish here.

No initial resistence according to my charts (Sharescope) until circa 260p.

Given vaccine news seems not unreasonable supposition.

[undervaluedassets] 16/11/2020 12:30

Breaking news. another vaccine...

Has quietly gone through resistance at 160-165p

next resistance is .. well miles away.

could get rather interesting .. and with vaccine announcements coming thick and fast .. why not

Rather happy to be here I must say

[undervaluedassets] 13/11/2020 08:33

put a limit order in for a final tranche...

Does not have the expensive hardware to maintain like the airlines but set to benefit from recovery and currently trading at once in a lifetime price.

Unlike the airlines gets MNZS get the same fees for a half-empty flight as it does for a full one.

The same sort of thoughts have got me into SSPG. (where my thought is ... blow the dust off the kitchen, restock and restart selling over-priced food to hungry travellers who have nowhere else to go)

[buffettjnr] 12/11/2020 20:44

Insightful.

[trentendboy] 12/11/2020 20:33

Looking like a very sharp spike up and collapse.

Should hold 120 though imo

[undervaluedassets] 11/11/2020 16:30

paleje,

Nice find and I concur.

Nice to be in on the ground floor.

[paleje] 11/11/2020 15:43

The Times Tempus wrote the following back in June, advising to hold on for the aviation recovery. I think it is within touching distance, there is enormous pressure on testing, air passenger duty, easing of restrictions by multinational accord, the outlook and sentiment is much better now and Menzies will lift with it. The director buy at 124p back in mid summer was a good sign imo.

John Menzies

The turbulence that has buffeted the aviation sector over the past three months has left investors distinctly green around the gills, so shareholders in John Menzies took some cheer yesterday from a trading update indicating that the company had managed to generate positive cashflows in the second quarter (Greig Cameron writes).

Although revenue in April and May at the Edinburgh-based fuelling and luggage-handling company was down by about 64 per cent year-on-year, in line with guidance given in March, Menzies said that it had yet to incur any bad debts, was “tightly managing” outstanding payments due from customers and pointed to an expected revival in activity from July. It has suspended its dividend and has taken a range of cash- preservation measures, including furloughing almost half its workforce.

Menzies’ directors expressed confidence that the company has enough financial muscle to see it into next year. However, it is also in “constructive discussions” about a revised covenant structure with its lenders, which it says will need to be in place until next year. The trading update ended on a bullish note, with a suggestion that any aviation services groups that emerge from the pandemic successfully will have significant opportunities to grow. Analysts at Berenberg agreed, saying that Menzies had a strong balance sheet and would benefit from its global scale and diversification.

When this column looked at John Menzies in October last year, the world of aviation services was a little different. A “buy” recommendation, with the shares at a relatively weak 391p, was based on the company’s decent dividend prospects and strong long-term growth potential. By January the shares had reached 480p — but then the landscape changed dramatically. Looking ahead, global air travel will return — eventually — to more normal operations and as analysts at Peel Hunt pointed out, the long-term potential of the aviation services market remains.

The shares, which sank to 75p at the end of March, have since regained some altitude and rose 10½p, or 7.4 per cent, to 154½p yesterday. Those already buckled up should settle in.

[undervaluedassets] 10/11/2020 15:57

This internationally facing cargo, fuelling and ground handling business won't fail.

Has survived in one form or another for 100 plus years and will survive this.

This is a historic opportunity to buy a stake at the bottom of the cycle.

News of the vaccine will begin to restore confidence and then once rolled out allow Air travel to function normally again.

One other thought - a half empty plane still needs the same amount of ground handling input as a full one; the airline gets less money for a half-empty plane meanwhile MNZS gets the same money.

[buffettjnr] 10/11/2020 14:48

Smart man you are. Do it in size.

[trentendboy] 10/11/2020 14:20

Now there is a good ideaShort it down to 120 will pull a few quid inLikely to fall lower on cash raise but best not be greedy

[buffettjnr] 10/11/2020 13:39

Then short it TrentEndBoy.

[trentendboy] 10/11/2020 13:04

Things will time a while to recover and still likely to miss covenantsThis is still a very dicey investment given there is still so far to go before losses are pared backIssue is debt, revenues and inability to meet obligations

[weemonkey] 10/11/2020 08:14

A company that I have been watching carefully over last six months. Good company that has been very cautious with it's cash during Pandemic.

Set to recover as travel recovers.

However unlike the airlines that is supports, MNZS does not have the same expensive infrastructure to maintain so much more nimble/

For once in my life in on the ground floor. took a position yesterday and now ready for the long recovery.

Don't care if it takes 6 months or 6 year

Once in lifetime opp here in my view to get in on the ground floor

[buffettjnr] 09/11/2020 14:10

It’s still 20% below it’s post Covid high. Surely it’s in a better position today?