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Menzies (John) - You can't keep a lid on this forever

December 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MNZS
  • Price:
  • 275p
Menzies said it has seen stronger than expected trading in recent months and expects to meet - but more likely to beat - expectations.Globally the air cargo services market remains robust, with increased volume from new contracts leaving absolute volumes handled in 2021 at 115% of 2019 levels.Meanwhile it has seen a steady increase in aircraft movements in all regions, supporting the continued recovery in the ground and fuelling services businesses and although ground services turns and fuelling events are still some way behind FY19 volumes at 45% and 60%, respectively, better times are here.In the year to date it has seen a record £73m net sales win in annualised revenue and Q4 volumes to date are significantly up. Men ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

author

John Menzies plc is the holding company of Menzies Aviation plc, an aviation services business providing ground handling, cargo handling, cargo forwarding and into-plane fuelling, based in Edinburgh, Scotland.

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