Menzies(john) Share Price (MNZS)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Menzies(john) Plc	LSE:MNZS	London	Ordinary Share	GB0005790059	ORD 25P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	1.00	0.24%	410.00	68,408	16:35:10

Bid Price		Offer Price	High Price	Low Price	Open Price
407.00		409.00	411.50	406.00	406.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Support Services	1,291.00	21.60	14.60	28.1	343

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
17:02:51	O	5,305	409.508	GBX

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Menzies(john) (MNZS) Latest News

Menzies(john) News

Date	Time	Source	Headline
01/11/2019	09:00	PRNUS	MENZIES(JOHN) PLC - Total Voting Rights
14/10/2019	08:21	ALNC	John Menzies Hires New Finance Chief And Operations Head
14/10/2019	06:26	ALNCF	Alliance News Flash Headline
14/10/2019	06:00	UKREG	Menzies(John) PLC CFO Appointment
10/10/2019	06:15	PRNUS	MENZIES(JOHN) PLC - Director/PDMR Shareholding
01/10/2019	09:04	ALNC	John Menzies Wins New Contracts For Services In Four UK Airports
01/10/2019	07:30	PRNUS	MENZIES(JOHN) PLC - Total Voting Rights
01/10/2019	06:01	RNSNON	Menzies(John) PLC Multiple Contract Wins for Menzies Aviation
24/9/2019	17:36	ALNC	DIRECTOR DEALINGS: John Menzies Executive Chair Buys Shares
24/9/2019	13:24	PRNUS	MENZIES(JOHN) PLC - Director/PDMR Shareholding

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Menzies(john) (MNZS) Share Charts

1 Year Menzies(john) Chart

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Menzies(john) (MNZS) Discussions and Chat

Menzies(john) Forums and Chat

Date	Time	Title	Posts
12/11/2019	20:45	John Menzies	372
18/2/2015	09:50	MNZS	509
04/5/2007	09:45	Menzies - Cheap aviation assets, cheap company	8
25/10/2006	15:08	Menzies -a good investment	4

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Menzies(john) (MNZS) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
2019-11-21 17:02:51	409.51	5,305	21,724.40	O
2019-11-21 16:53:54	409.22	238	973.95	O
2019-11-21 16:38:34	410.00	5,000	20,500.00	O
2019-11-21 16:35:10	410.00	16,910	69,331.00	UT
2019-11-21 16:29:55	407.50	150	611.25	AT

View all Menzies(john) trades in real-time

Menzies(john) (MNZS) Top Chat Posts

Date	Subject
21/11/2019 08:20	Menzies(john) Daily Update: Menzies(john) Plc is listed in the Support Services sector of the London Stock Exchange with ticker MNZS. The last closing price for Menzies(john) was 409p. Menzies(john) Plc has a 4 week average price of 388p and a 12 week average price of 378p. The 1 year high share price is 575p while the 1 year low share price is currently 353.50p. There are currently 83,711,542 shares in issue and the average daily traded volume is 71,815 shares. The market capitalisation of Menzies(john) Plc is £343,217,322.20. Read Full Thread Reply
17/9/2019 15:09	gordongekko4: following today's general meeting, the new executive chairman Philipp Joeinig will most likely purchase 850.000 shares of John Menzies Plc in the open market. Share price will undoubtedly go up as a result! Read Full Thread Follow Reply
22/8/2019 17:13	gordongekko4: John Menzies needs private owner to make most of aviation-services consolidation – shareholders 14 August 2019 \| 16:20 UTC * Swissport and WFS owner Cerberus possible suitors * Shareholders suggest acceptable sale price near 750p/share * Management “frustrated221; with performance, shareholder says ________________________________ John Menzies [LON:MNZS] could be an aviation-services sector consolidator but may need a new private owner if is to continue to grow by acquisition, with possible backers including Swissport and Cerberus Capital Management, according to two investors interviewed by this news service. The company would be more able to pursue a growth strategy if taken private since it would need to increase its leverage to a level typically unacceptable to public market investors, the first shareholder, and a second, who is a minority investor, said. Now is the right time for John Menzies to look for a buyer, the first shareholder said. The shareholder sentiment echoes the views of activist investor Sterling Strategic Value, which told this news service in June that the company should consider integrating into a larger group. The rumour of a sale of the business has been around for years and is possible, a sector banker commented. Activist funds including Lakestreet Capital, Kabouter Management and Shareholder Value Management have successfully pushed the company to separate its distribution business, which it sold last year. Investors have been disappointed by management’s progress with John Menzies’s aviation business since it was split from the distribution business, the first and second shareholders said. Some of the company’s headwinds have been beyond management’s control, the second shareholder said; these include the downturn in global trade volumes, as cargo services make up around 25% of the company’s revenues. Other issues, such as the company’s anaemic growth rate in the UK and the fleeting tenure of Forsyth Black as chief executive, have been its own fault, he said. John Menzies is “not a dog’s breakfast” and can improve performance, said a third shareholder, who is a minority investor. If the company fails to perform better within 12 months, it will be vulnerable to a takeover, the second shareholder said. Valuation and potential suitors An offer just above 9x EV/EBITDA would be welcome, this shareholder said. Peers such as Swissport and Worldwide Flight Services (WFS) were acquired at between 9x and 14x EV/EBITDA, he noted, adding that he would not expect to realise a price at the top of this range. At 9x EV/EBITDA, John Menzies would be valued at 717p/share, and at 10x it would be valued at 826p/share, according to analytics by this news service. Any acquirer would need to offer 750p/share, the first and third shareholders agreed. However, John Menzies’s recent operational issues mean the market may not yet be right for an offer at that price, the first shareholder said. The third shareholder said he has yet to decide whether to support the push for a sale, but would tender for an offer above that price. Any offer “has to be a wow”, he said. John Menzies' current EV/EBITDA multiple is 6.4x, or 6.1x prior to a c. 7% up-tick in the stock’s value on 14 August after the company reported its interim results. HNA bought Swissport at a 0.9x EV/sales multiple, and Cerberus bought WFS last year at 1x EV/sales, according to an analysis by this news service. John Menzies’s current EV/sales multiple was 0.4x prior to the 14 August share-price jolt. WFS is one of the largest cargo players with a smaller amount of ground handling, while John Menzies is mostly ground handling with some cargo, so “they are a perfect fit,'' the first shareholder said. In a weak market, ground handling is more resilient than cargo, which makes the combination a good option for WFS and Cerberus, this investor added. After Cerberus bought WFS for EUR 1.2bn, Cerberus and Brookfield subsequently attempted to buy HNA Group-owned Swissport, but the sale stalled as HNA looked to refinance its subsidiary’s debt instead, according to media reports. John Menzies would be the next logical option for Cerberus after trying to buy Swissport, the first investor said. Swissport itself is the largest strategic player in the aviation-services sector, with John Menzies in second place, according to the latter’s own reporting. It would therefore be a logical buyer in a consolidating industry, the first and second shareholders said. As of July, John Menzies has a new chairman in Phillip Joeinig, who has an “astounding221; track record over almost a decade at Swissport, the first shareholder noted. The second shareholder said he will soon meet Joeinig for the first time. Previous talks with the company’s directors have been “always quite frank”, the second shareholder said. He finds them receptive to shareholder concerns, he said, and they, too, are “frustrated221; with the company’s performance. John Menzies, Swissport, Cerberus, Kabouter, Lakestreet and Shareholder Value Management did not respond to requests for comment. by William Mace, Deane McRobie and Sofia Okun in London, with analytics by William Cain Read Full Thread Follow Reply
05/7/2019 11:24	1gw: Impressive come back. I sat on my hands while the knife was falling waiting for it to find a level. After reading the TU I thought £4 felt about right - i.e. around a 10% fall - for the profit warning, given the share price appeared to have been discounting bad news for some time. Although price discovery has been a bit difficult with recent trading patterns - lots of tiny trades moving the share price about and then a bigger uncrossing trade which tended to move it somewhere else. Now we're back above £4, I'm moving back towards thinking about selling some. Read Full Thread Follow Reply
17/5/2019 06:33	1gw: I'll take "on track". Could have been worse given the environment and the share price. Read Full Thread Follow Reply
20/11/2018 07:19	1gw: On track and operating margin growing but revenue growth has slowed in 2018. Will that be enough to turn the share price round? Read Full Thread Follow Reply
12/1/2017 09:33	1gw: Subdued relative to the recent share price run. Now trading more than 10% ahead of the theoretical ex-rights price on my calcs and about 25% ahead of its post-rights low. Read Full Thread Follow Reply
12/1/2017 09:15	1gw: No obvious "sell on the news" evident this morning, despite a fairly subdued update relative to the recent share price growth. It does sound like good news at Gatwick though, which makes a nice change. Intriguing. Read Full Thread Follow Reply
23/11/2016 15:32	1gw: The share price still hasn't really got back to where it was at the time of the rights issue. 615p pre-rights equates to about 543p I think as a theoretical ex-rights price. Today's trading update is (marginally) encouraging, although I think they've put back the expected acquisition completion date from late 2016 to early 2017. I'm not sure Menzies ever gave the "late 2016" date but I remember seeing it somewhere - perhaps attributed to the seller. But in any case I think there's still scope for the share price to run purely to catch up with where it was before the market indigestion caused by the rights issue. And the longer sterling stays down at these levels, the more sustained the currency translation upside should be. Read Full Thread Follow Reply
12/10/2016 15:08	buffettjnr: The new chairman will buy rights in the market. I wonder what that will start happening. He has a few hundred thousand to buy according to the prospectus. Sterling is helping Menzies earnings materially. It's not reflected in the price. 56p of earnings on 540p share price. Sub 10x. Amazing value. Read Full Thread Follow Reply
05/10/2016 15:19	1gw: Nice to see the share price up near 620p again but feels like someone playing games here. Share price apparently driven up on tiny trades with very little total volume. Yesterday afternoon we had a similar pattern and then a relatively big uncrossing trade well below the price just before the close. Fingers crossed we don't get a repeat today. Read Full Thread Follow Reply

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