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It is a shame that Omicron came along otherwise it would have been well over 300 even with the issues with delta elsewhere.
Re-affirmed at 450 - 500 pence. Nice
(Alliance News) - John Menzies PLC said on Tuesday it expects to end the year at least in line with market expectations after stronger than expected trading in recent months.
Year to date, Menzies posted a record GBP73 million net sales win in annualised revenue.
The Edinburgh-based aviation logistics company announced a "record year" for its Cargo Forwarding arm and cited gains in the e-commerce market and contract wins for its success.
Menzies said that the global cargo services market remained robust throughout the pandemic, with increased new business driving higher returns. Subsequently, its Cargo Forwarding business embraced a record year.
Recovery has been seen in its Ground & Fuel Services segment across all regions, despite concerns around the pandemic, resulting in a strong end to the year and positive outlook for the division.
Looking ahead, Menzies said: "We continue to look forward positively. The delivery of our strategic priorities is firmly on track and our pipeline of opportunities remains full.
"Our vision of growing our portfolio to produce a more balanced and resilient mix of revenue is well underway and our recent expansions are delivering strong returns. We expect this growth to continue into 2022 and beyond with cargo volumes already ahead of 2019 levels."
Tue, 30th Nov 2021 07:00
RNS Number : 9541T
Menzies(John) PLC
30 November 2021
Trading Update
John Menzies plc ("Menzies") the aviation logistics service business, today provides an update on current trading.
Key highlights:
- The Board expects trading for the full year to be at least in line with market expectations after stronger than expected trading in recent months.
- The Company's financial position remains solid with liquidity standing at £150m on 31 October 2021. Net debt is in line with our expectations and is currently expected to be around £200m at the year end.
- Globally the air cargo services market remains robust, and we are seeing a steady increase in aircraft movements in all regions, supporting the continued recovery in our ground and fuelling services businesses.
- Commercial momentum has continued with some excellent new contract wins and retention of key contracts. Year to date we report a record £73m net sales win in annualised revenue.
Oof. Rough day.
It's hard to believe this was over £3 just a few weeks ago.
oversold
Market spooked because of new variant.
Check out some others… IAG was at 120…. BP RDSB we’re down 8% or so.
Goodness me this share keeps dropping , what’s happened today for such a major drop ?
I would like to think that the SP has been kept down due to the offloading by Mithaq Capital SPC.
Once this stops, hopefully a steady rise towards 400+.
Although we haven’t had an RNS for two weeks regarding any changes to their %age which I’m surprised about.
One thing for sure, I can’t think of another company with so many positive stories !!
Fingers crossed for 2022.
I have been here since my first buy at 90p April 2020...this has done nothing but gain.
This is my portfolio workhorse...400-500p summer 2022.
US airport footfall is now around 90% of pre-covid levels, EU flights are around 80% and UK 66% (rolling averages comparing comparable dates). The US opening seemed to have more impact on the US (up from 80% to 90% since opening up) than on the UK /EU numbers which dipped slightly (down 2.5% relative to 2019) in November.
I have not found data for the RoW but interested if anyone monitors it.
These are all a good improvement on when the company last presented their results, so as others have said it looks positive for the next update.
We had a trading update 12th January 2021 for H1/H2 2020...
H2 2021 is looking huge...this trading update will be epic...sell you mum and buy mnzs shares ahead of this update
We will get a high level indication in early January 2022...
Hi Convb,
I think the Preliminary announcement of Annual Results will be around the 9th of March next year (that was the date this year), like you I’m expecting good things, particularly from the cargo side as the prices are sky high at the moment.
All the best and good luck to all long term holders.
welcome to the party...engines ready, fuel tank full....ignition I reckon January are summary results 2021 are released...will have been a huge H2 2021
In for a few here @ 271 yesterday. First target almost done. 290 next
haha, you have a particular style of posting, convb, but you know what, you're convincing me. I'm already a holder actually but it could be that this European lockdown represents a further buying opportunity. I'm sizing it all up, or trying to...
'optics' as the political elite say...muppets. Just wait for MNZS results summary early Jan...this will go through the roof...business is booming.com
politics, sure... but also perception
What a laugh..Covid is over this is all politics...buy buy buy...in summer 2022 you will be very happy you did
anti vaxers are mental, selfish w4nkers. :-)
Seems the travel industry is spooked by the surge of covid in eastern Europe and news of a full lockdown in Austria. Also, I read that the Austrian govt are mandating every citizen to get jabbed by February. No choice. Wow, are they the 1st nation to do this?
I bought more today this has to be £4 by summer 2022
Not that the share price is recognising any of this news flow (more sighs)