menzies

It’s transition time for ground handler John Menzies, which last week confirmed that interim chief executive officer Giles Wilson was appointed to the role on a permanent basis.

Since mid-March, when Mr Wilson took over from Forsyth Black – who stepped down after only six months as CEO – the stock has fallen to multi-year lows, and currently trades just about 7% above a new low of 440.5p set on 28 May.

Is it dirt cheap? And if so, could it attract interest from any third parties?

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