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Menzies - Shares double on the month

March 2022

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:
  • 564p
UK Plc is up for sale as companies recover from the pandemic: in the weeks since SCSW published its NAPS, Photo-Me received an offer from its chief executive; Lookers saw a 20% stake change at a 42% premium from a would-be predator; and now there has been an all cash offer for Menzies, the Edinburgh-based aviation services group, from NAS, subsidiary of freight and logistics group Agility Public Warehousing, at £559m or 510p a share, a 110% premium on last month. With the pandemic receding, Menzies initially played hardball. It rejected two lower offers, saying eight similar deals over the last decade were struck at an average 9.8x EBITDA against the 8.6x implied by NAS’s 510p offer. But NAS’s Kuwaiti state backers have deep pocke ...

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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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