Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Been threatening a breakout. A close above 351 is needed... then we can next move I think.
US revenue could be a surprise.
John Menzies plc (“Menzies”), the global aviation services business, is pleased to announce that it has agreed a £3.4m investment to acquire an equity stake, by way of a joint venture, in Guangzhou JFreight Aviation Logistics Supply Chain Co. Ltd (“JFreight”).
Philipp Joeinig, Chairman & CEO, said:
“I am delighted to be able to announce this expansion in the Chinese cargo market. We are very pleased to have found a great partner in JFreight and I look forward to developing our relationship with them as we move forward.”
“This investment demonstrates our commitment to delivering on our strategy and I am very excited about the opportunity it brings.”
Zheng Xi Ming, Chairman of JFreight said:
“I am very pleased to welcome Menzies Aviation with their established expertise in cargo handling and the wider aviation services market into our venture in Guangzhou. I very much look forward to working closely together and delivering successful operations.”
Today's muted reaction, could be linked delayed freedom day, investors (wrongly) link it to all travel and hospitality stocks.
The price action on MNZS is very weird. There's no immediate response to any news about new contracts/acquisitions, but it tends to rally much later without a direct catalyst.
Yes sbb this is huge HUGE!! first step as a global partnership into the Chinese market and shows that they didnt choose Swissport as most airlines are going to Menzies once their current contracts expire.
Menzies will be the market leader and company of choice in 5-10 years and as automation and robotics becomes the norm they will be the new Ocado.
I see the share price easy £5/£6 by this time next year and will overtake the £8 per share it once was when all the new expansion contracts take off.
Menzies Global Aviation Services MGAS or MAGS Menzies Aviation Global Services will be HUGE!! :-)
Super expansion.
Busiest airport... Once MNZS enters china, the opportunities will be many via JVs or otherwise. and market is huge in china !
Onwards and upwards as the news filters out