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BUZZ-View from the buyside: Cavendish AM buys more John Menzies

Reuters - UK Focus

** Cavendish AM fund manager Paul Mumford takes advantage of steep post results falls in John Menzies (LSE: MNZS.L - news) (JM (Stockholm: JM.ST - news) ) to buy more shares in the company, which splits its efforts between the disparate areas of news distribution & aviation services

** PM added to holdings Tuesday morning, following a 15% drop in share price since H1 when co posted dive in H1 profits; describes JM as "reasonable recovery play" & says "management seem quite capable"

** Premier AM's head of UK equities Chris White, also a holder of the stock, chose not to buy more shares on the dips, saying that the price had gotten ahead of itself (stock up >40% from late April low until just before H1)

(RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)