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Back to where it was in January while big tech and index trackers are reaching ATHs every other day. -_- I don't understand why transport stocks are currently in a worse position than they were when there was so much uncertainty about variants/lockdowns.
I bought more at 281 last week thinking it was going back to 300+. :( All my transport stocks are down 3-5% and I have no money left!
The price action on MNZS is very weird. There's no immediate response to any news about new contracts/acquisitions, but it tends to rally much later without a direct catalyst.
It looks like it is largely confirmed in major media outlets that the full reopening on 21st June will be delayed by a month, so I expect a bad red day across the sector on Monday.
Concerns about rising case numbers due to the Indian variant and potential further restrictions/delayed easing.
More uncertainty. :(
Should have waited for a bounce before buying.
Bought a lot of this and GOG today; they still have a long way to go to reach their pre-Covid prices and the public transport industry isn't going away any time soon.
I think there are multiple factors affecting recovery-stock sentiments: the UK's vaccination progress will slow down because a vaccine shortage was announced yesterday, the Covid situation in mainland Europe is worsening and rising US yields are dragging down stock indexes.
These things don't change the medium/long-term outlook of transport stocks like SGC, but I definitely think they are suppressing/lowering the price in the short term (it hardly responded to the government's announcement about investing in buses). I'm still very confident in this stock and will continue to hold so I don't miss any sudden rallies once these headwinds have subsided.
It was released on the 9th.
Yeah, it's very disappointing. I think it's being dragged down by the whole market.
https://menziesaviation.com/news/menzies-aviation-expands-australian-presence-with-qantas-airways/
https://menziesaviation.com/news/iraqi-civil-aviation-authority-awards-first-international-ground-services-operating-license-to-menzies-masil-joint-venture/
This has caused a small rise in the share price. I wasn't expecting a return to the low 200s, but tier 4 and talks of border closures/extending the lockdown until summer are battering all my transport-related stocks. :(
Another national lockdown is going to be announced at 8 tonight. I don't think people were expecting things to escalate so quickly.
I was so close to seeing 100% on this stock, but I decided to sell when I first saw the news about Scotland. I wasn't expecting a hard nationwide lockdown this soon and I think the price might fall a bit more before stabilising. I'll definitely buy back in once the case numbers start falling.
There might be some turbulence in the weeks ahead...
Now. Unless the vaccines fail, I believe transport stocks are going to rise substantially and airline/holiday-related stocks will experience a particularly strong recovery. People have been shut inside for a year and are going to want to travel even more than usual in 2021-22; I also expect events/holidaymakers to offer loads of deals and promotions to recoup the losses they made this year.
MNZS is still far below the pre-Covid price and has been securing multiple contracts over the last few months. I think another 100% profit from here is possible within the next year as long as the vaccines work as planned.
A lot of journalists are reporting that a deal will be reached this evening or tomorrow.
There was also a £4.6m trade a few minutes later. There's no unusual activities from the algos, so I wonder what's happening.
Down almost 20%... I'm still confident in this company, but it's a shame that the strong rebound has been pushed back.