Menzies(john) Share Discussion Threads

[queenbreguet] 22/2/2021 19:41

Givenlifting of restriction,increased air travel just over the horizon Menzies be in demand. At these levels the shares are starting to look cheap. DYOR

[buffettjnr] 01/2/2021 09:04

It’s cold in Edinburgh

[nurdin] 01/2/2021 08:48

No RNS on that which is somewhat surprising...what am I missing?

[buffettjnr] 31/1/2021 05:44

Well spotted

[simon gordon] 30/1/2021 22:03

MNZS - 28/1/21:

Menzies Aviation expands Australian presence with Qantas Airways

Menzies Aviation, the global aviation services specialist, announces contract wins for its ground services business with Qantas Airways, Australia’s flag carrier and largest airline, at Perth, Brisbane, Cairns and Darwin.

As of this week, Menzies has commenced transition of operations at both Perth and Brisbane, with operations at the other stations commencing in the next few weeks. Across all four stations, Menzies will handle over 40,000 Qantas flights per year. The contract will significantly expand Menzies’ long-standing partnership with the Qantas Group in Australia over the last ten years Menzies already provides the airline with a full suite of various services at 14 airports around the world.

This multi-station award builds on the momentum of the recent major contract win with Jetstar Airways at its Melbourne hub. Jetstar is the low-cost airline subsidiary of the Qantas Group and the successful start-up of the operation in Melbourne represents another step forward in the Menzies-Jetstar relationship which is already well established in Australia and New Zealand.

Together these new contracts represent the significant expansion of not only Menzies’ presence in the Australia, a commercially and strategically important region for the Group, but also its breadth of services provided in the market.

Alistair Reid, EVP OSEA, Menzies Aviation, said:

“We are delighted that Qantas has chosen Menzies once again as its handling partner of choice. This award is the result of a close working relationship that we have cultivated in a number of locations, which has enabled us to develop a deep understanding of Qantas’ requirements. This contract win combined with the broadening of our relationship with Jetstar will see Menzies Aviation significantly increasing its footprint in Australia, which is strategically and commercially very important to us.”

[eeza] 21/1/2021 17:43

Handle now formed on the cup?

[simon gordon] 17/1/2021 17:01

Express and Star - 16/1/21:

Aviation sector pleads for Government support amid new border restrictions



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BBC News - 16/1/21:

Airline industry needs up to another $80bn to survive pandemic

[pottsypotts] 16/1/2021 14:05

Thank you for that

[simon gordon] 15/1/2021 19:29

Antonio Velardo - 4/1/21:

Multiple Valuation Models - John Menzies plc (LSE: MNZS)

[maximus57] 12/1/2021 08:51

I would say good given the current climate. But should be working harder to reduce debt levels, this disruption from normality doesn't appear to be going away soon.

[ayl30] 12/1/2021 07:39

We will have to wait until 8.00 for answer to that

[buffettjnr] 12/1/2021 07:23

Good or great?

[ayl30] 12/1/2021 07:12

And a good update it is too

[freemo7] 12/1/2021 07:11

Question answered

[freemo7] 08/1/2021 19:18

Apologies, I might of missed it. Is there any reason we haven’t had a trading update?? Would normally get one at the back end of year, historically anyway.

[deanowls] 06/1/2021 04:26

Thanks Sikh, appreciated.

[sikhthetech] 05/1/2021 17:04

dean,

Mithaq didn't sell. Mithaq have simply transferred..

At bottom of TR1

"We have transferred shared internally to another group entity Mithaq Capital SPC. We have not sold/transferred any share to external third party."

[buffettjnr] 05/1/2021 17:00

Remember the cares act money...it’s just about to increase

[deanowls] 05/1/2021 16:17

Interesting to see a large seller out this morning. Cleared 8 %. Hopefully should see the rise.

[sikhthetech] 03/1/2021 16:24

Thanks Simon, interesting article.
I sold just before xmas at 235p as it looked like a No Deal was on the cards.
However, I'm now looking at buying back in as a recovery play as covid becomes history.

[simon gordon] 01/1/2021 10:12

Swen Lorenz - 1/1/21:

BREXIT SPECIAL: A LIST OF POTENTIAL BRITISH TAKEOVER TARGETS

John Menzies (ISIN GB0005790059) is another case where I had the right idea but at the wrong time. The company is one of the world market leaders in servicing airlines at airports, and it should have already been taken out by a bid from private equity players. However, just as a bid appeared to be imminent, the pandemic brought aviation to a standstill, and Menzies' share price plummeted. As my Members already know from my 2 December 2020 update, now could be an even better prospect than ever for a bid. I’d expect a bidder to have to pay at least double its current share price – in line with what I said about the staggeringly high premiums paid for British companies right now.

[buffettjnr] 21/12/2020 16:28

Absolutely.

I think the market might be forgetting that Menzies is a beneficiary of the US stimulus. This next round will be another injection of cash +-$40m I guess.

[undervaluedassets] 21/12/2020 16:26

Long term ground handling services and refuelling have not been cancelled.

Today has been a cue for a bit of profit-taking.

Does this company endure? course it does.

By historical standards is this a cheap price? Yup.

[livewireplus] 21/12/2020 16:19

But there is an element of luck involving external events ... just have to take your best shot ... and as is often the case you wish you had bought more with hindsight ...