gamesinvestor
16 Jan 2015
Trading update 16 January 2015John Menzies plcTrading UpdateJohn Menzies plc today reports on trading for the year ended 31 December 2014.Since the IMS on 5 November 2014, trading has continued to be in line with our forecasts and the Board remains confident of meeting management expectations for the full year ended 31 December 2014. Our preliminary results announcement will be made on 10 March 2015 which will provide further clarity of our strategic focus and operational delivery plans. This presentation will be held at the offices of FTI Consulting 200 Aldersgate, London EC1A 4HD at 09:30 that day.
JimmyZoid
02 Dec 2014
Re: From Citywire That corresponds with my view based on the following- Problems are mainly focussed on Heathrow seemingly due to bad pricing (albeit on a materially significant contract or set of contracts)- The stock is oversold based on redemptions at Schroders and the disposal of shares arising from death duties - the volumes over the last month or so have been way above normal...- I believe that there are some good contract wins in the aviation division- And in the distribution business I am hopeful that there is some value in the infrastructure for etailers...Clearly I hope nothing else comes out in the wash - that said a new CEO will use this as an opportunity to get hold of the business...All IMHO...
nk1999
29 Nov 2014
From Citywire From Citywire (included in "dividend kings"
:"Investors price in Menzies cut, but it could still deliverInvestors are pricing a dividend cut by John Menzies (MNZS), but analyst William Shirley thinks the airport services and newspaper distributor’s payout is sustainable.With the shares down 52.4% this year, John Menzies is yielding a ‘high but risky’ 8%.‘The market is pricing in a cut: price/earnings of 7x and dividend yield of 8.4%, although [there are] no analysts – yet – forecasting a cut,’ said Shirley.‘The new chief executive may use a strategic review in February to signal a “transition” – our view is that the dividend is sustainable barring a further deterioration in trading.’Shirley has a ‘buy’ recommendation on the stock, with a 600p target price. The shares were trading at 335p yesterday."
