Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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I agree. Like most investments, this is really a bet on the competency of management; but management have already wagered about £3m on themselves, so hopefully my 7/6d will be well looked after too. @rebelhq likes it, so that is a sort of recommendation!
Ditto 277.2p
I don't often average down but this looked a steal.
Topped up at 277. Not quite the bottom but happy with that. And looking good today. Fingers crossed its back on the up
Thank you for digging up those figures andsoforth. I reckon it's quite ok to add debt to fund acquisitions, *if* the management know how to do it.... who knows for sure, but I think these guys do.
Hopefully that was the double bounce 275ish. Hope so as I bought a f ew more GL all.
Total borrowings 2020 = £561m
Ditto 2019 = £482.4m
End 2020 net borrowing = £355.9 (with available cash and unused borrowing £141m)
Ditto 2019 = £216.6m
Ditto 2018 = £199.6m
So debt is rising, but the cash does seem to be being put to good use. What do you reckon?
Hi
Do you know what is the debt now compared to 2019.?
There was a placing in May this year at 290p. Directors spent c£3m taking shares. That money has been deployed in a series of acquisitions, and more will follow. Restructuring has resulted in the interims announced two weeks ago showing a return to profit and an EPS of 2.8p. Not bad in such troubled times! Yes, there is a lot of debt here, but given the amount of MHE required, the gearing is not unreasonable. Full recovery may not occur until 2024, but it will have to come. The current PER of 7.7 seems to indicate a bargain. This does seem cheap, for those with patience.
Boeing says air travel to recover by 2024 in the news today.
Maybe this is the reason for the dip.
I have just topped up a small chunk, 282p. Hope that's near the bottom now.
Was wondering that myself. Sold half my shares at 330. Thinking of topping back up. Can't see why it's fallen so much
any views on why?
same
I did not think we would see sub £3 here.
Menzies Aviation joins United Nations-backed initiatives in commitment to sustainable business practices
07/09/21
Menzies Aviation, the global aviation logistics specialist, today announces it has joined the United Nations Global Compact and the Science Based Targets initiative, reinforcing the company’s commitment to contributing to a fairer, greener, world ahead of the COP26 Summit.
Nice to see a profit on smaller revenue ( even though there’s a bit more debt which was to be expected). All looking positive in readiness for the increase in passenger/flight volumes over the next 12 months. Also nice to see that it looks like they will hopefully be extending their foothold across the globe even more over the coming months. Still very confident in the long term.
And worth remembering for the first half of this year, commercial flights have not been flying. Huge profitability going forwards.
The significant increase in profitability on a slightly lower revenue for the comparable period bodes very well for them in the future.
Yes as I said back in profit. This consolidates the current sp...and opens the move to 350p plus to December 2021
Great results.
Will be very good news, just a shame about the travel industry as a whole otherwise this would be soaring 350p plus
The Menzies site showing interims to be published @ 7am Tomorrow. Good news I hope...
A good UT too... at 329 for a 36k
Kayel - You don't even know if the company you have invested is making a profit or not. So I really think yours is some random view and not an informed analysis.
I would say next year will be very good for MNZS and if they keep up to what they had said in the trading update a re-rate is not far off. At some point it will happen especially with all these acquisitions and partnerships. I hold around 66,000 shares from lower levels. A safer bet here as I play higher risk shares elsewhere...
Let’s wait and see. If they are already making a profit then my future estimates will be even more conservative than I thought.