Gianluca Ferrari, Portfolio Manager, Shareholder Value Management, will present his investment thesis on John Menzies at European Investing Summit 2016, to be held online on October 4-5. Here’s a snapshot of the investment thesis:
JOHN MENZIES (London: MNZS) is a Scotland-based holding company that operates two separate businesses: an aviation business that provides ground handling services to airlines, and a distribution business that distributes magazines and newspapers to UK retailers. After multiple profit warnings, under shareholder pressure, the company has churned its chairman, CEO, and CFO and is now on track to create shareholder value. With a new management team in place, a transformative deal in the works and a likely spinoff, there are multiple catalysts to unlock value. The company trades at roughly 6x EV/EBITDA with double digit free cash flow yields.
Want to experience the in-depth presentation and ask the instructor questions about the company? Secure your seat.
Gianluca Ferrari is an analyst and portfolio manager at Shareholder Value Management AG based in Germany. His focus is on international equities, in particular in Italy and the U.S. Gianluca graduated from LUISS University in Rome with a B. Sc. in Economics and Business. During his studies he worked at AlcoInvest, a start-up he founded in 2010.