Mondi Share Discussion Threads

[philanderer] 15/5/2014 15:45

Afternoon Leeson , luck with those.

That rubbish euro gdp number hitting many shares today.

[leeson31] 15/5/2014 15:01

gap at 1020p filled now, back in...

[philanderer] 15/5/2014 14:27

Thanks Enami, small top up for me @ 1030p

[enami] 15/5/2014 11:41

Deutsche Bank Reiterates Buy Target 1,260

[philanderer] 14/5/2014 12:03

Couple more reiterations..

14th may Davy outperform -
14th may Jefferies buy 1275p

Davy Research upbeat about pricing momentum at Mondi

Davy Research said it sees upside risk at Mondi, keeping an 'outperform' rating on the packaging stock as the momentum in selling prices turns positive.

"While the statement from Mondi is broadly in line with expectations, there is a sense that positive pricing momentum is being restored,"said Analyst Barry Dixon and team.

Mondi said that operating profits in the first quarter were up 13% year-on-year at €183m.

While overall volumes for the group were flat, Davy highlighted an upward pressure on pricing in the company's Packaging Paper division, along with a "stable/improving" demand environment.

"Overall, while we are unlikely to change forecasts, if this positive momentum is sustained, the risk to forecasts is to the upside.Combined with positive long-term fundamentals for most of Mondi's business units, this means that we maintain our 'outperform' rating."

Mondi was trading 2.9% higher at 1,061p by 11:37 on Wednesday.


Sharecast.

[enami] 14/5/2014 11:40

Credit Suisse Reiterates Outperform Target 1310
Goodbody Reiterates Buy (Target 1240 27/11/13)

[enami] 14/5/2014 09:37

quite a few FTSE100 XDs today with a couple of big hitters ADN, GLEN, GSK, KGF, RDSA/B, SBRY, SGE, I expect that is why it looks dull.

Mondi over R3, div pay day 22 may so maybe a few re-investors piling in on T+ contracts.

[philanderer] 14/5/2014 09:02

That`s a good update :-)

Shame the general market is looking soft today.

[enami] 14/5/2014 08:09

IMS seems to be well accepted.

Half-yearly Results due 7 August, expect a trading statement about 10 working days before that (they never put it on their calendar).

Up to R2

Pivot calculator : MONI
HIGH 1049
LOW 1031
CLOSE 1031
.
R4 1079
R3 1061
R2 1055
R1 1043
PP 1037
S1 1025

[leeson31] 14/5/2014 08:02

closed my s/bet ..

[leeson31] 14/5/2014 07:21

..meh!



Mondi Group: Interim Management Statement 14 May 2014

This interim management statement provides an update on the financial
performance and financial position of the Group since the year ended 31
December 2013, based on management accounts up to 31 March 2014 and estimated
results for April 2014. These results have not been audited or reviewed by
Mondi's external auditors.

Reviewed results for the half-year ending 30 June 2014 will be published on or
around 7 August 2014.

Except as discussed in this interim management statement, there have been no
significant events or transactions impacting either the financial performance
or financial position of Mondi Group since 31 December 2013 up to the date of
this statement.

Group Performance Overview

First quarter underlying operating profit of EUR183 million was 13% above the
comparable prior year period (EUR162 million), 14% above the fourth quarter of
2013 (EUR161 million), and in line with management's expectations.

Sales volumes were broadly in line with the comparable prior year period, and
above the previous quarter, mainly due to the scheduling of maintenance shuts
in the second half of the prior year.

As expected, average selling prices in Europe for all key paper grades were
lower than those in both the prior year comparable period and the previous
quarter, with the exception of recycled containerboard. The corrugated
packaging business benefited from further pass through of prior period recycled
containerboard price increases, while pricing in the South African division was
higher than the comparable prior year period in equivalent currency terms.

There was some increase in key input costs over the quarter, with increases in
wood costs and paper for recycling affecting the European operations.
Offsetting these increases is the benefit from the various energy optimisation
projects and restructuring initiatives completed during the prior year.
Furthermore, in the comparable prior year period, a write-down relating to the
value of green energy credits on hand in Poland, amounting to EUR11 million was
recognised.

There were no significant maintenance shuts during the quarter. The majority of
the planned maintenance shuts will take place towards the end of the second
quarter and into the second half of the year. The impact of maintenance shuts
on annual operating profit is estimated to be between EUR50 million and EUR60
million.

Although there has been significant volatility in the key currencies to which
the Group is exposed, the overall weakening trend in the Group's key operating
currencies against the euro yielded a marginal net benefit. The businesses in
Poland and South Africa were net beneficiaries, given their significant export
exposure, but this was partially offset by the impact of the weaker Russian
rouble on the Group's more domestically focused Russian businesses.

While the Group remains vigilant of the ongoing political developments in the
Ukraine, to date they have had no material impact on the Group's operations.

[philanderer] 13/5/2014 21:15

Fingers crossed for a positive one tomorrow, I`ve recently been switching into more liquid large cap stocks, small caps (generally speaking) seem to have run their course for now.


Mondi starts up new Euro 70 million paper machine in Steti, Czech Republic




Mondi Coatings Develops Sustainable Collection Bag for Nespresso

[enami] 13/5/2014 15:29

Thanks phil I missed that.

Seems to be falling back significantly since midday, maybe some bad news leaking out??

Chart gap yesterday from 1017 to fill maybe if not good news.

[philanderer] 13/5/2014 09:21

IMS tomorrow.

[philanderer] 12/5/2014 12:19

Morning everyone , bought in this morning.

Luck to all :-)

[leeson31] 12/5/2014 12:08

loooking good :-)

[enami] 12/5/2014 12:00

Up through 200MA and now at 50MA.

RSI only 57.7

[enami] 12/5/2014 08:12

Pivot calculator : MONI
HIGH 1018
LOW 1006
CLOSE 1016
.
R4 1045
R3 1033
R2 1025
R1 1021
PP 1013
S1 1009

[leeson31] 08/5/2014 11:58

joined you with a s/bet mate :-)

[enami] 08/5/2014 11:06

Passed 100MA, chart targets the ATH at 1131 then 1248ish.

[enami] 08/5/2014 09:30

Buy signal today and baulking at the 100MA

The equivalent final dividend in pence per ordinary share will be 21.74851

[redips2] 25/4/2014 16:05

Still watching .

[redips2] 15/4/2014 16:00

That is a good idea enami, I will keep watching -- thank you :)

[enami] 15/4/2014 15:55

Hi redips, I am not thinking of buying back in here at the moment.

Remember it is XD next week 23 April 26.45 euro cents (21.6p??) so I my take a look at it if it falls down to the low 900s, Wave target currently 912 which I think may well be reached if the dividend drop is severe.

The end of January intraday low was 904.