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Berenberg, which rates the shares at ‘buy’, said: "Clearly, this update supports our investment case - that Menzies is well positioned for the recovery of the global aviation market, has ample liquidity to trade through the crisis, and will even exit the crisis in a stronger position, aided by cost-saving actions and a portfolio shifting towards higher-margin emerging market and cargo earning streams.
"With a valuation of just 8.8x 2022 price-to-earnings, we consider this a highly attractive recovery play that continued to lag its airline peers."
At 1255 BST, the shares were up 1.6% at 324.69p
PS : This positive analyst report I have picked up from https ://www.sharecast.com/news/
A good trading update,. Whilst nothing significantly new.
The upshot is
1. in spite of weaker Europe business , 'trading is ahead of expectations;' - So upshot is when Europe improves it will be even better !
2. US is going well... esp with addition of places like Miami
3. China could be bring in more business as we move forward
4. ****stan while not mentioned here could start adding a good value (remember the stake buy in Pak airport)
5 Air cargo - very strong update and will remain so.
6. Further deals could happen in H2.
I don't know how market will react in the very short term, for me this is an easy hold well into next year.
key bit of news today - Double-jabbed British expats 'will be able to return to the UK to visit family quarantine-free from August 1' under plans to finally recognise vaccines administered overseas in move which could also pave the way for return of travel to the US
My view is news that cases have been falling for over the last 5 days has contributed(the share price has started with that); Now there is a more of a talk of where next we can travel (which country ) or can there be an exception to quarantine as opposed to which country is going to be banned next. Bit of positive vibe on travel situation all around.
In terms of technical - 20 DMA is at 305 and 50 DMA at 318. So a close above 318 will be nice and is likely to attract technical traders too to push the share price up further.
#DARK - It is well priced at this stage. Although if you compare to US peers (such as $CRWD) still bit undervalued if you do price/sales comparison. But imo Nasdaq is nearing a cliff edge. So from R/R it is a good hold for LT but would not suggest to enter fresh at the moment. Any Nasdaq correction will give opportunities to get into tech stocks.
Ironically, I trimmed (12%) of #DARK last week to add to MNZS. Worked alright.
I have certainly taken advantage of. As earlier mentioned here I had added more at 280 levels. Now hold substantial amount across my ISA/SIPPs.
Btw I had mentioned about DARKTRACE (LSE : #DARK) about 1-2 months ago. It has done brilliantly since then !
Good to see this heading into right levels.. slowly but surely... 400+ still on the cards soon.
MNZS continues to do well revenue wise
Good rise today. My adds yday, are looking better. Holding a quite a large amount now ! Needs bit of patience, but imo this will surprise in terms of revenue esp from USA
Looking good... New 52 week high !
Been threatening a breakout. A close above 351 is needed... then we can next move I think.
US revenue could be a surprise.
Today's muted reaction, could be linked delayed freedom day, investors (wrongly) link it to all travel and hospitality stocks.
Super expansion.
Busiest airport... Once MNZS enters china, the opportunities will be many via JVs or otherwise. and market is huge in china !
Onwards and upwards as the news filters out
Yes, The first one was Vox markets. LSE smartly bleeped it as wrote as one word !
Archy - Best if you can subscribe to some free RNS alerts ! ********** is good if you want mobile notifications. or if you have subscription - Sharepad too. or Yozier if you are in telegram ; You can pick the shares you are interested in and you won't miss a thing!
Not a cross ramp as it is in a totally different industry, but people with a REAL long term views can also look at Darktrace (LSE : DARK), ; Cyber Security will stay green for a long time imo. IPO happened 2-3 weeks ago. so a good buy on any pull backs sub 390 imo. A good partnership deal with MS lifted share price today.
(Discl: I had bought on the first day of listing)
Btw share price is doing nicely... 333 now !
Nice one Mister. I received 50% allocation (which is not bad tbh as I applied for more ); This will be added to my existing 64000 shares.
In terms of retail offer timing/window - yes, it was short notice. But you need to recognise that you don't get advance notice for placing and it gets closed as soon as allocation is complete. These get announced after market hours and completed as soon as the limit reaches. So from that perspective it is pretty standard. Also if you already have a primrybid account, applying for shares is a 5 mnt job. Based on feedback what I can gather though is porimiarybid at times is bit unreliable, although personally I never had a problem when I applied for past few ones like TRX, AVCT, CBX, ARB etc
8% dilution... for strategic acquisions/joint ventures. Looks good.
Forecast is to meet or exceed expectations.
Whats not to like.
Agree.. ; I am in from similar levels, although have topped up few times along the way.
It is moving nicely... a good breakout, bit of consolidation and then moving. If anyone can see the 1 year chart it is beautiful.
In fact that's what makes this stock really strong. The consolidation keeps ensuring a new higher base each time which ensures an uptrend. and good to see a close at 330 today