Smith (ds) Share Discussion Threads

[philanderer] 05/2/2015 09:31

Telegraph:

John Ficenec:

There is some good news from Germany with the industrial heart of Europe chugging away quite nicely, here is the detail from broker Davy:

This morning German factory orders data show a 4.2% expansion in December, more than offsetting the 2.4% contraction in November. Nonetheless, the rise was the sharpest since July and should bolster the view that the German economy is now recovering. Yesterday’s PMI surveys point to further evidence that the broader European economy strengthened in January. The euro area composite PMI reading rose to 52.6, its highest reading since July.

Ireland remains top of the pack with a composite reading of 60.4 and Spain also growing quickly at 56.9. However, France continues to hold back the euro area, with its composite reading at 49.3 still indicating a modest contraction. Russia’s reading at 45.6 suggests that the economy is contracting at an even faster pace.

[mirandaj] 03/2/2015 12:58

LOS ANGELES--(BUSINESS WIRE)--OpenGate Capital, a global private buyout firm, announced today that it has completed the acquisition of DS Smith Packaging Papeterie de Nantes SAS (“the Nantes mill”) from DS Smith Plc, (LON: SMDS), a global, leading provider of corrugated and plastics packaging, supported by paper and recycling operations headquartered in the United Kingdom. The Nantes mill, located in Nantes, France, is a specialty producer of white top testliner paper used in a variety of packaging applications. Terms of the acquisition were not disclosed.

The Nantes mill produces white top testliner made from 100% recycled fiber, with best in class quality and printability in a wide grammage and trim range. The business has approximately 70 employees and a production capacity of approximately 50kT per year. Under terms of the acquisition, the mill will continue to supply materials to its former parent company, DS Smith, and over time and under OpenGate’s ownership, will expand its customer base throughout France and Europe.

Julien Lagrèze, OpenGate Capital’s Partner overseeing all European investments stated, “The acquisition of the Nantes mill is a direct result of nearly a year-long discussion with DS Smith. We were proactive in identifying the mill as a perfect complement to NorPaper given its white top recycled testliner production capabilities, particularly with large widths and the business’s ability to produce testliner III “brown” that will greatly enhance NorPaper’s product offering.” OpenGate Capital acquired NorPaper Avot-Vallée from Canadian paper conglomerate, Cascades in 2011. NorPaper is a leading producer of white top testliner paper that is sold to European packaging manufacturers. Laurent Glachant, head of NorPaper, will supervise the Nantes mill and spearhead its commercial efforts and development strategy. Overall, NorPaper and the Nantes mill will have a combined annual capacity of 200kT, hence the business will rank number one in France and among the top five in Europe.

Fabien Marcantetti, Principal with OpenGate Capital’s European office, who worked very closely on this transaction, stated, “We will be examining all means to optimize the Nantes mill from an operational perspective through synergies with NorPaper. We will also seek to continue investing in the business to uphold high efficiency levels and increase production capacity. We are thrilled to have completed this acquisition and look forward to working with the team at Nantes to create new value.”

About OpenGate Capital, LLC

OpenGate Capital is a global private buyout firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France, New York City, and São Paulo, Brazil. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 30 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates approximately $3 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com.

Contacts
OpenGate Capital Media Contact
Alanna Chaffin
Email: [e-mail]
Telephone: [phone]
or
OpenGate Capital Business Development Contact
Joshua Adams
Email: [e-mail]
Telephone: [phone]

[philanderer] 02/2/2015 20:19

2nd feb Canaccord buy tp 370p

reitreates.

[philanderer] 28/1/2015 13:39

JYVÄSKYLÄ, Finland , Jan. 27, 2015 (Press Release) -

DS Smith has started up a Procemex TWIN combined Web Monitoring and Web Inspection System on PM4 machine at their Kemsley Paper Mill site. The TWIN system included 18 Web Monitoring cameras, a web inspection beam, code marker, code reader and winder automatic target control (ATC). Since start-up, the system has been helping to locate break origins and root causes, as well as improving winder throughput.

[philanderer] 26/1/2015 19:51

DS Smith announces partnership with Resource 2015

[philanderer] 26/1/2015 17:13

Thanks guys.

[gargleblaster] 26/1/2015 14:46

This was in Moneyweek on Jan 9th - sorry know it's a bit late!

Packaging group DS Smith (LSE: SMDS) has been one of our core holdings for some time. An innovative approach has made it the packaging provider of choice for many of the world’s biggest consumer-goods companies.

The changing nature of food retailing (from hypermarkets to discounters, online and convenience stores) and greater use of the internet in general, means packaging needs are changing.

Customers now come to DS Smith because of its lighter, lower-cost packaging and its ability to cut customers’ overall costs. Also, Sweden’s SCA Packaging was one of the best acquisitions we’ve ever seen from a valuation perspective, and it has been integrated far more smoothly than original forecasts suggested in terms of profit delivery.

We expect management to continue to consolidate the European packaging market over the next two to three years, and also to take market share organically, both of which will drive the share price higher. The stock is on a modest price/earnings ratio of 11-12 and yields 4%.

James Lowen, fund manager, JOHCM UK Equity Income.

[philanderer] 26/1/2015 10:41

Thanks Mirandaj


"The German IFO institute's widely-followed gauge of business confidence, for the month of January, edged slightly past forecasts, rising to a level of 106.7 from 105.5 in the month before.

"The consensus forecast had been for an increase to 106.3."


Sharecast

[mirandaj] 24/1/2015 09:45

Interesting article about the coming year:

[philanderer] 23/1/2015 15:55

Yep, for sure.... hit a bit of resistance at 335p this morning :-)

[emeraldzebra] 23/1/2015 15:00

many thanks Philanderer....have a good feeling about this one. seems to be on track to push a little better still.

[philanderer] 23/1/2015 10:01

Morning emeraldzebra. The transportation costs would benefit for sure, DS Smith has a fair old fleet of vehicles.

This from Telegraph webchat an hour ago:

Packaging groups benefit from steady inflation which allows price increases alongside a stable economic backdrop, both of which have been gauranteed in Europe until at least late 2016 now
8:43

John Ficenec (Questor):

Another idea down in the FTSE 250 is DS Smith which has also benefitted from the Draghi effect

[emeraldzebra] 23/1/2015 09:20

a question to all and apols if its a silly one-----does the low oil price help DSS ? Tks

[manonph] 21/1/2015 20:23

It's not easy to buy a significant amount here without blowing it out of water. So small buys will do me. Nice yield and very successful company

[philanderer] 21/1/2015 17:32

Nice rise , but lowest volume for a while ... 1.6m traded

[philanderer] 21/1/2015 13:31

Jefferies International reiterates hold on DS Smith, target raised from 300p to 330p

[philanderer] 18/1/2015 10:07

PRESS RELEASE

16th jan

DS Smith wins three awards at global WorldStar Packaging Awards

- See more at:

[togglebrush] 17/1/2015 09:04

The trading volumes (below data from ADVFN) was exceptionally high in last week. The maximum volume since January 2013 was recorded. But Friday values have returned to a more normal range and so far no holdings RNS
‘
Daily Trading Volumes based on ADVFN
‘
05/01/2015 __1,390,341 V low
06/01/2015 __2,728,052 high
07/01/2015 __2,275,016 high
08/01/2015 __2,648,038 high
09/01/2015 __3,269,091 V High
‘
12/01/2015 __6,828,119 V High
13/01/2015 __2,778,332 high
14/01/2015 __9,577,490 V High
15/01/2015 _10,639,454 Max
16/01/2015 __3,332,053 V High
‘
Stats based on ADVFN data from 2013
‘
Max________10,639,454
Onein100____8,711,661
Q3__________2,904,539
Median______2,129,984 middle of a sorted sample or Normal Day
Q1__________1,616,786
Minimum_______181,910
‘
Shares Issued 941.48m
‘
Major shareholders at 30 April 2014
'
Standard Life 139.737 million or 14.56%
Old Mutak______47.403 million or _5.05%
Ameriprise_____46.864 million or _4.99%
Royal London___37.906 million or _4.03%

[philanderer] 16/1/2015 12:16

Luck to you V11SLR , well done.

Berenberg downgrades from buy to hold .... target 340p from 350p

[v11slr] 16/1/2015 09:36

Sold all mine today, including some held since August 2012. Time for the cash to be used elsewhere.

[philanderer] 16/1/2015 09:27

Seller still unloading.

[philanderer] 15/1/2015 10:09

4 million shares traded so far. Along with yesterday, it seems we have a large seller to clear out at the moment.

[philanderer] 15/1/2015 09:57

Blimey, Swiss National bank drops interest rate to -0.75% !!

[philanderer] 15/1/2015 09:51

Resource has announced DS Smith as Lead Partner for the second year in a row at the 2015 conference and exhibition taking place from the 3 – 5 March , London