Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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convb: Seems you're an expert too! lol
Sold Air Partner recently on the news (but that was a done deal)
I'll stick with this, stop loss 390p
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Welcome all the new posters and MNZS experts!!! lol
MNZS is 700p...the board wont take a penny less.
It is not about results it will be about outlook... As we can see for the first time almost all countries (including Aus, Nz the strictest ones) are relaxing... ; which can go only in one direction. So outlook will be fantastic.
Also they have done quite a few deals and partnership during pandemic which will start yielding now... Will make a big difference to top and bottom line
I honestly think fair target in 12 months is 700p not less. Time will tell., Haven't top sliced yet although now have a stop loss for a portion of the shares just in case.
Yes read rns that’s as of today.In a months time a lot can change in aviation industry at the moment so I’m just holding news then on travel may have improved more.
It’s a very bullish outlook; reminds me of the ones SNR and ELM published when they rejected their bids.
I do actually believe this MNZS one more but experience has taught me it’s wise to sell into the good news in these situations. Have just top sliced some of my holding @ 465p.
They've already provided the company outlook in the RNS, did you even read it?
Think you need wait for results and the company outlook going forward to see if it’s fair offer or not.
Chortle. Looks like £5 will be hit sooner rather than later.
GLA
Agree MNZS is a fantastic stock to own but personally I would have been very happy with 510p for each of my shares.
I hold Elementis and SNR, both of which rejected offers of around 200p. They are both trading around 140p now, a sizeable 30% loss for us shareholders compared to the rejected bids
My biggest buy and forget share of the pandemic. Didn't do much over the last few months,. but now a proper rerate is on the cards, with or without a deal.
Looking so good... I was thinking may be I made a slight error in putting more here than in BP in 2020 but not any more !
Even without the offer rerate the prices are here to stay.... 400p will be the new solid bottom/support, 500p , 600p+ in future !
I'd say that when the bidding starts, this could go north of 600p. I'm holding tight.
This is cash offer maybe finish 450/460 they may raise again or this may show or interest from other parties.As I said the other day this is my fav recovery growth play they are going to a bigger business then pre pandemic with great global spread.For me I was thinking they could be worth £7/8 as the world air travel returns to normal.I’m not selling you’ll her more in the results.
Great news hopefully the start of a proper rerate
Kept that under the radar. Should see more realistic re-rate. Long time coming.
Nice bit of insider trading...
Well now we know why the price has been rising the past couple of days.
Offer of 510 rejected, up from a previous offer of 460.
Should see another rise today.
Earnings forecasts for next year, starting January 2023, are 45p+
According to the FT, the 12 month analyst's price targets for MNZS range from 451p to 500p (2 analysts), almost a 50% uplift.
Was yesterdays jump due to the Heathrow strike being cancelled?
I have not found anything to confirm this but the page about the strike action on the Heathrow site has now gone.
It looks like they gave their cargo handling guys a 7% rise last year and others are looking for a similar rise this year.
At Gatwick-'Unite are also calling for a strike at Gatwick by Easyjet ground handlers over pay. Despite being offered pay rises of between 7.54 per cent and 8.32 per cent, the union believes this is not enough.'
Does anyone know how much inflation linkage there is in their contracts as wage inflation looks to be a significant headwind in some the countries Menzies operate in?
Eps forecast for the year just ended in December is 25p+
Shore Capital reiterated its 38.8p forecast for the year just started (Jan 2022) back in November.
This was upgraded in January to 40.3p
I would suggest a 25p EPS is realistic from 2023
@CATICHE- I think that you maybe being rather optimistic with your predictions.
The fall in flights in the EU has bottomed out and are now starting to pick up again. They are at 33% of 2019 levels (were 37% down a couple of weeks ago) so improving but still below the 20% they were down just pre Omicron.
US footfall also looks to have turned - now around 70-77% of 2019/20 averages ( it had recovered up to over 90% pre Omicron). The US levels are double what they were this time last year though.
They did well on the de-icing in the US last year and there should be more of them same this year as NW is set to continue cold (el nina effect).
As others have said the new routes should help especially with Australia soon to open. Cargo will be providing a steady income and tourism should really start to gain traction from half term.
Thanks for that highstakes.