The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Bullish looking chart. Sooner or later (and probably sooner), John Menzies will see a bid. It's not just other ground handlers that will have an eye on the Scottish company, but also the usual gamut of private equity companies. Ground handling is an industry ripe for a "roll-up". past transactions show that there is plenty of money to be made from combining smaller ground handling agents. Following a decade of consolidating smaller players, we are now about to see the final wave of mergers and acquisitions. In the end, we will see one or two industry giants that control the global ground handling market. the company has had a former Swissport (!) executive join its board as CFO. The new CFO invested a stunning GBP 4.7m of his money to buy Menzies shares at a price of GBp 390p. I wonder if a bid could be just around the corner
Don't expect restaurant sign ups coming from the new team in December..it's unrealistic...more like from beginning of December. December I have already factored in as the month the new guys get bedded in, get acquainted with the product, the payment system etc..also, I doubt Xmas period is a good period to have attentive ears from restaurants when they will be busy. A surprise ould come from a chain but I'm assuming not till new year...The shares nonetheless are very much a buy and I actually nibbled some today...but difficult to get any in size...that could mean best to buy now before hoardes arrive
It seems to me the attrition has mainly occurred in those areas where the TM disappeared..particularly in the South West where I understand the TM's account management was appalling and hence they got rid of the person...since then there has been noone..so its not real churn in my view...by the way, I understand the TM currently in Brighton is a lady..well done her..