The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
*pricing
Two things holding this back - firstly the fact that Menzies has a massive part of its business in the US and international flights and therefore passenger numbers aren’t returning to normal any time soon due to rising infection rates. Secondly, the cash position into 2021 looks precarious (See point 1) and therefore dilution may be necessary. I like the company but think that many will wait to commit until infection rates are under control in the US and the realistic shape of the company (including margins) are more clear going forward. These are the risks the market is proving in at the moment IMO.
Short term the flights are going so that’s all we care about for now. If USA gets their house in order and a vaccine or suppressor of Covid becomes available it’s going to be back to £3 imo. Investing is a long term strategy and if getting into a share who already have a big contract like Menzies and the only reason it is trading around 25% of its usual share price is lack of flights I’m happy to hold. People wait 5 years plus in a share to get that kind of growth. Menzies are already a proven business with cash and contracts in place.
Quite right bigian3126, The economy is moving, flights are going again, US firms (In general) created a record 4.8 million jobs in June. I'm sure Menzies are and will start re-employing people very soon. Menzies are doing great things, Look at their Linkedin profiles, I'm impressed! I'm not selling up anytime soon.
I’m glad to see it’s finally went blue again! Hopefully this will be the start with many flights going from next week until September. I wouldn’t like to be out of this now as I can see a few blue days again now. I’m not saying that’s how it will play out but if you go now it defeats the purpose of holding imo
Its a blue day. MaverickD hype posts incoming...
So the question you need to ask is why? Are those who say "Its priced in" Correct? Or is there more to it? If the rumours circulating are true regarding around 75 Countries with arbridges then the price should have moved upwards alot more should it not? The "Priced in" Brigade must have assumed it was less countries than that so surely it cannot be priced in and the sp should have moved up significantly more? Or maybe the insiders dont actually know the figures and they are all just guesses? Maybe theres issues with how the airbridges work? Maybe some countries dont want to allow us to travel due to the state we are still in?
We will only know once the news is out and I have to admit I am keeping my eyes peeled for that very moment so as to decide if I and sell up after the news. If its far better than we expected then I may stay but with all the other economic news out there I fear that once airbridge news has released there isn't much more to look forward to other than the biggie "Vaccine" I dont think the adding of a few other countries after that will make much difference unless maybe all of the USA?
I do think Menzies is a great share to be in but I just fear that the sp will drift over the coming months along with the market in general and thats assuming we dont have another massive correction! We still have lots of horrendous company results to come out and the furlough scheme coming to an end so joblosses will get worse causing the snowball effect and with so many more companies going bankrupt we are heading into uncertain times the last half of this year, remember when companies fall others dont get the money they are owed which can lead to them being in trouble. Be careful and remember its always good to take a profit.
Surely got to be moving next week but the market is not reacting much in regards to expectation with this share
It is certainly more significant than -1.23%
Significantly? Really? Care to give examples of which ones you are talking about - IAG at 5% is as much as I can see....
all the airlines are up significantly, not long before that change is reflected here