Primary Recommendation

John Menzies - Aviation services firm to increase eps by 86% by FY'23

May 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.

As promised last month, I now present a full write up on aviation services specialist John Menzies. Menzies provides a range of ground handling services, such as performing aircraft ground repositioning (reversing planes into their parking spaces) and preparation for a flight, managing passengers and handling luggage as well as air cargo services and into-plane fuelling. It does this on behalf of airlines and operates in 198 airports across 34 countries. Essentially it makes its money when there is an aircraft movement or cargo tonnage to be handled and while the pandemic froze out air travel, causing sales to plummet 38% to £824m and resulting in a loss in 2020, the success of the vaccine roll-out, with the notable exception of mainland ...

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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.

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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.