Member Info for andsoforth

Traditionally printers offered low initial prices to get in long term customers. That no longer works, I'm afraid. But we are still making a (reduced) profit here; and there are funds in the bank. We should chug along merrily for the next couple of years. A takeover looks a remote prospect to me, if the company is tied in to too much low margin work, and has as yet failed to make a great deal of headway in authentication.

NAS are listed in Dubai, so an all-cash deal would be the only acceptable deal.

Figures out last night seem pretty decent. Suggests travel is back on the menu for the middle classes.

Delayed trades from the middle of the day. An institutional holder is possibly taking some profit, or the shares are simply transferring from one holder to another. Latter seems more likely.

https://www.thisismoney.co.uk/money/investing/article-10511411/SMALL-CAP-SHARE-IDEAS-Cenkos-Securities.html

CNKS tipped yesterday in thisismoney, but not reflected in any great move or volume today. If an economic squeeze really comes this lot should do well from fundraisings.

A dividend totalling 0.5p would be doable and reasonable. That would be a 6.25% yield at 8p. My target is a realistic 10p, which could be done at a PER of 8. The nature of the business here will never allow a premium rating, but we have a profitable company, hopefully well able to pay shareholders something.

It does rather seem like negotiation by megaphone, given today's missive from MNZS. Or it may just be a pitch to maximise the price?

I see your 3+ years, and raise you a decade!! Be patient, my friend!!

Some directors will get massive LTIP rewards if this stays independent, so this may also colour their judgement. To me 510 is a very decent offer, and I would be surprised to see another, higher bid. We may just have to hold on.

"NAS has today again requested information access and dialogue with management. NAS looks forward to engaging with Menzies' shareholders in parallel."
NAS are not giving up, and have NOT explicitly ruled out a higher offer. However I tend to agree with them that 510 is a pretty fair offer. The share price last hit that level almost exactly three years ago. and then there were an awful lot fewer shares in circulation. Management may get too greedy here.

https://www.londonstockexchange.com/news-article/GCAT/strategic-placement-to-accelerate-mine-expansion/15326529

"Shares were acquired by a major shareholder of the Company..."
I rather do hope this will not involve GDP!

Hi again F1
I am holding about thirty stocks, with most in insurance, oil and other financials. This is largely coincidence, rather than a conscious effort on my part. I look at the fundamentals of companies, and buy when I think there is value there. I bought MNZS because, although there is a fair bit of debt, it seemed to have failed to recover noticeably, and was pottering along making a decent profit even in hard times. It is not my usual buy at all! I am now of an age when I am acquiring some dividend payers for retirement. Hence I have a decent few AV. and DLG. You seem to have a nicely diverse portfolio there. Much more so than me!

Hi F1
If there is a takeover, the offeror will state the terms quite clearly, and there will be a vote. In this case the offeror is listed in Dubai, so they will probably NOT offer shares in their own company as part of the deal. Any offer is likely to remain all cash. If a deal is accepted, you can still sell, but will likely get a bit less than the offer price. Some people will do this to free up the cash. BUT don't forget the offer has yet to be accepted. The Board are NOT currently recommending it, and say the company is worth much more. This could still fall through, and around half of takeover offers never come to fruition. Also there is a possibility another bidder may come in, such as Swissport, which could force the price higher. I had fair value here in the 400s!!!.
CONGRATULATIONS on your success so far though! I should really ask you what else you have your eye on!
Also, please be aware most posts on these boards are pretty ill informed, and some are designed to deliberately mislead. Be careful! On top of this, please know I am a rank amateur with a very poor investment record.

Good luck, my friend. Don't forget the option of continuing to hold. Give it a year or two and the dividend should be reinstated, and this could return to being a decent income play.

Hi Gfhhf
There is no set timeframe, and don't forget nothing has been agreed yet!! CAY took six months to get theirs through, though this was longer than expected. CAY was also presented to shareholders as a done deal, and we have far from that here.

Seems to still be a decent income play, and possible GARP.
PER= 11
Yield = c4.6%
Last quarterly was a little disappointing, but there have been positive noises since.

Hi Buffa
We are marginally up on a down day, with big falls on the NASDAQ and Hang Seng overnight. This is a pretty decent performance.

You can pull good or bad out of here, but among the most interesting figures are:
Revenue from New Catagories up 42.4%
Net debt -11.1%
Non-combustible consumers up c35%
Lots to like here.

https://www.bbc.co.uk/news/business-60335733

Beer sales hit specifically. Inflation may be less important than fear of inflation, and a consequent cutback in discretionary spending. This bodes ill here.

Your English is much better than my Romansh/German/French! I am just looking at this. A new launch, in which £17m went to the existing owners, and £64m to the company. That seems too one sided to me. Also they have less than 2% of the UK wholesale market, and mainly in the Grim North and midlands. They are looking to "buy and build" but seem to have little experience of this. Also they draw over half of their stock from just twenty suppliers and "The Group does not have formal long-term contracts in place with key suppliers." Inflation will hit them hard, and they are supplying sectors already under immense pressure. I will stand and watch for now. Good luck.