Mondi Share Discussion Threads

[philanderer] 07/7/2014 17:23

Mondi Plc (LON:MNDI)'s stock had its "buy" rating reiterated by research analysts at Jefferies Group in a report released on Monday. They currently have a GBX 1,325 price objective on the stock.

[philanderer] 03/7/2014 16:49

Mondi Plc (LON:MNDI)'s stock had its "outperform" rating restated by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday. They currently have a GBX 1,310 ($22.31) price objective on the stock

[philanderer] 30/6/2014 12:26

Tracking down step for step with SMDS - I hold there as well :-S

[philanderer] 27/6/2014 10:28

Daniel Coatsworth ‏@SharesMagDan 2h

Davy slashes forecasts for DS Smith, Mondi, Smurfit Kappa because of weak containerboard prices & risk of lower corrugated prices


edit:

27th june Davy outperform -

[philanderer] 19/6/2014 16:23

'Paper specialist Mondi introducing plastic and cellulose composites'

[philanderer] 19/6/2014 09:47

Good buying this morning.

[philanderer] 18/6/2014 22:52

'Mondi Continues to Invest in High-Speed Inkjet Capacity'

[philanderer] 16/6/2014 13:36

Morning Lees, Iraq still dominating.



"Mondi`s new flat bottom bag: reclosable bag with specially shaped base"

[leeson31] 16/6/2014 09:40

morning Phil,

maybe the share price will find support at the ~1000p area, as that looks like the support channel line...

cheers,

[philanderer] 16/6/2014 09:35

No sign of a turnaround yet.

Morning everyone.

[philanderer] 14/6/2014 09:17

from yesterday..

13th june Credit Suisse outperform 1310p

reiterates

[philanderer] 13/6/2014 09:46

At this year's RosUpack in Moscow, from 17 to 20 June, Mondi Containerboard will be showcasing ProVantage Komipak and ProVantage Komiwhite, two paper grades from its Appearance portfolio.

[philanderer] 13/6/2014 08:53

This is becoming one hell of a drop over a very short period of time :-S

[philanderer] 12/6/2014 20:52

Mondi Americas Introduces New Square Bag Solution for Attractive, Secure Packaging of Diverse Consumer Goods

[philanderer] 12/6/2014 10:00

Industrials Paper & Packaging Mondi


Refinancing should benefit equity holders

June 11 2014 Morning briefing

SECTORS: Paper & Packaging

COMPANIES: Mondi

DAVY VIEW

With limited new capacity coming into the packaging system, strong free cash flow is likely to be sustained for longer. Refinancing the balance sheet, taking advantage of the lower interest rate environment, can add to this cash-generative ability.

Strong cash generation is one of the main attractions of this sector and a reason to own Mondi Group. Bond refinancing could save €25m per annum in cash interest costsMondi Group has announced the redemption of its 2017 bonds, which have a coupon of 9.75%.

The total outstanding value of the bonds is €280m and the refinancing will be funded from existing resources. Assuming minimal interest income on its cash balances implies that cash interest cost savings could be circa €25m per annum. We estimate that the once-off cost of executing this refinancing is circa €15m.

This is an earnings-accretive use of the group's cash balances with the benefits likely to accrete to the equity holder – another reason to be positive on Mondi Group.

[philanderer] 12/6/2014 09:04

Davy Research:

New German containerboard plant announced for end-2016; supply concerns increase


June 12 2014 Morning briefing

SECTORS: Paper & Packaging

COMPANIES: Smurfit Kappa Group | DS Smith | Mondi

DAVY VIEWWhile the spread between recycled containerboard and OCC is not at historic peaks, it appears to be sufficient to merit investment in a new containerboard plant in Germany. Schoellershammer will, however, benefit from locating the machine at its existing facility. In itself, this machine represents just 1% of total European capacity and therefore is not that significant. The real threat for the industry is that this represents the start of a new capacity cycle which will – as in previous cycles – increase supply and put downward pressure on pricing. New containerboard plant represents 1% of total installed capacity baseSchoellershammer, a small German containerboard manufacturer, has announced plans to construct a new 250,000 tonne recycled containerboard mill at its existing facility in Duren in Germany.

The move will double the company's existing capacity and is in response to "a growing market". This is the first new containerboard plant to be announced in Western Europe since 2007 and is clearly not good news for the sector,Now there are two plants planned to come on-stream towards the end of 2016 which will impact 2017 supply – this one and Stora Enso's kraftliner conversion in Finland which represents circa 270,000 tonnes.

Combined, the two plants account for circa 2% of the current total installed based in Europe (kraftliner and recycled containerboard) which in itself is not a huge amount.

The risk is, however, that more plants are built which would have a detrimental impact on supply and pricing.German prices due later today; further weakness could put pressure on corrugated pricesGerman containerboard prices have declined by circa €40/tonne in recent months, giving up two-thirds of the €60/tonne increase achieved in the second half of 2013.

This leaves prices up €20/tonne over the past year which has been fully recovered in corrugated prices. If the RISI index shows further weakness in German prices today, this could put corrugated prices under pressure which clearly would have an impact on 2014 results.

[philanderer] 11/6/2014 13:23

That was the kiss of death Lees :-D

----------------------------------

11th june Davy 'outperform'

reiterates

[leeson31] 09/6/2014 08:45

yes, looking good for a push up this week..

dare i suggest ~1200p this week ? :-)

[enami] 09/6/2014 08:41

Matching the previous ATH now.

R3 1161
R2 1144
R1 1133
PP 1116
S1 1105

[enami] 05/6/2014 09:01

Wave 3 chart target = 1166 (1.618 Fib). Next = 1281 (2.618 Fib)

[philanderer] 05/6/2014 08:52

Deutsche reiterates buy and 1260p target

[philanderer] 04/6/2014 21:20

Mondi was buoyed by broker research and finished 20p higher at £10.95. Repeating his "buy" advice and raising his price target from £12.75 to £13.25, Jefferies analyst Justin Jordan reckoned the South African paper and packaging group could return €250m (£203m) to shareholders next year.

Telegraph market report

[philanderer] 04/6/2014 15:03

Jefferies reiterates buy and 1325p target

[philanderer] 03/6/2014 22:01

Thanks Leeson

[leeson31] 03/6/2014 14:50

from other thread:




Leeson31
3 Jun'14 - 11:29 - 2 of 2 0 0 edit

mondi in its fy 31st dec '13 figure had

revs eur6.5b
and pbt eur$500m

thats a ratio ~ from revs to pbt of ~7.7pc

the deal above is $437m (~eur323m), and cost $105 (~eur78m), so thats ~4.2 x revs.

assuming the graphic co. has similar ratios/margins, lets say ~8pc, then 8pc of eur323m is pbt EUR ~26m to add to mondis bottom line. not bad for ~eur78m outlay, thats 33pc ROI in one year. no debt either, and funded from internal resources.

should add ~5pc to mondis bottom line for cheap outlay.

seems good