Updates

Menzies (John)

January 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.

Menzies announced full year trading will be “at least in line with expectations” despite the increased risks from Omicron variant and labour shortages in certain markets, particularly the US. Cargo forwarding is having a record year with volumes in 2021 expected to be 115% of 2019 levels. Meanwhile, ground and fuel services volumes are currently 45% and 60% of 2019 levels in the year to date but crucially have accelerated significantly above these levels in Q4.Year end net debt is now expected to be “around £200m” versus Berenberg’s prior forecast of £232m, suggesting stronger than expected cash generation.Encouragingly, this year has been its strongest ever for business wins, which B ...

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Vistry

Restaurant Group - EBITDA guidance upgraded 33%

Menzies (John) - Bidder acquires 13.2% at 605p (March 2022)

Menzies (John) - Further eps upgrades drop prospective PE to just 7.1 (October 2021)

Menzies (John) - Fuel in the tank for further upgrades (September 2021)

John Menzies (July 2021)

John Menzies - Aviation services firm to increase eps by 86% by FY'23 (May 2021)

John Menzies - Aviation services firm on low PE (April 2021)

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.

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