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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Smith (ds) Plc | SMDS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 340.00 | 16:35:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 339.20 | 335.40 | 342.40 | 340.00 | 340.00 |
| Industry Sector |
|---|
| GENERAL INDUSTRIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/12/2023 | Interim | GBP | 0.06 | 14/12/2023 | 15/12/2023 | 31/01/2024 |
| 22/06/2023 | Final | GBP | 0.12 | 07/09/2023 | 08/09/2023 | 03/10/2023 |
| 08/12/2022 | Interim | GBP | 0.06 | 15/12/2022 | 16/12/2022 | 31/01/2023 |
| 21/06/2022 | Final | GBP | 0.102 | 06/10/2022 | 07/10/2022 | 01/11/2022 |
| 08/12/2021 | Interim | GBP | 0.048 | 07/04/2022 | 08/04/2022 | 03/05/2022 |
| 22/06/2021 | Final | GBP | 0.081 | 07/10/2021 | 08/10/2021 | 01/11/2021 |
| 10/12/2020 | Interim | GBP | 0.04 | 08/04/2021 | 09/04/2021 | 04/05/2021 |
| 13/06/2019 | Final | GBP | 0.11 | 03/10/2019 | 04/10/2019 | 01/11/2019 |
| Top Posts |
|---|
Posted at 24/4/2024 16:29 by anhar ... Anyone looking to cash out is probably kicking themselves for not selling in the market when SMDS went over £4...Indeed, I'm in the self-kicking club and still holding, though have given up trying to kick myself, far too difficult. Was away for a few days during which MNDI pulled out. I continue to reject IP shares so will be selling in the market, no doubt at a much lower price than above now that SMDS price is controlled by the IP price, the random fluctuations of which have pushed them down. I'm a long term income investor and doing nothing in a hurry, on balance, has been the most profitable stance over decades and a large number of corporate activity events. Not this time though. |
Posted at 18/4/2024 10:42 by anhar As I don't want either bidder's shares I'm going to sell in the market. So all I really care about now is choosing my exit point. A higher bid from MNDI would therefore suit me but I have no reason to assume this will happen. For the time being then, as their bid is recommended, the SMDS price is ruled by the fluctuating IP price and FX rate.Additionally at present there is a premium because with IP at $35.06 and about $1.25/£, the bid is worth only about 361p and SMDS is currently 397p. This appears to be suggesting a higher bid may arise, but of course this can be wrong. |
Posted at 30/3/2024 14:14 by laurence llewelyn binliner #Dreckley, I also kept my DLG, the turnaround story is in progress with the new CEO, first 4 pence dividend is a bit miserly, but it will help shore up the companies finances with retained earnings, a slow burner there for 2024/2025 IMO..Next SMDS update is the pre-close statement end of April then the FY2023/24 in June followed by the next XD Sept/Oct unless that gets substituted by a MNDI/IP dividend instead, plenty of time to come back in if it looks appetising nearer the time.. |
Posted at 27/3/2024 10:22 by peart IP offer makes the dividend the same with a higher base price - so a lower dividend yield for the combined group, but net the same for DS Smith shareholders as at today. |
Posted at 15/3/2024 16:06 by taster Expanding a bit on m-rev, with currently 441.41m Mondi in issue, Mondi would issue an additional 46/54 * 441.41m so approx 376.02m Mondi to give to current SMDS shareholders in return for the SMDS stock. With 1377.4m SMDS issued, this means 376.02/1377.4, approx 0.273 Mondi per SMDS share...with Mondi price they used at announcement of 1381 the offer would be equivalent to 377....so as m-rev says maybe they rounded for the announcement or I wonder if there is something on the cap table which slightly alters the shares in issue should a transaction take place....anyway for now between friends, the theoretical price of SMDS = Mondi price * 0.273 and the difference between this and the actual SMDS price reflects the risks of the deal not closing etc. |
Posted at 11/3/2024 17:19 by alotto Thanks for your inputs Tetleys and MCunliffe.In my calculation I would not take into consideration the current share price and the number of the shares in issue in the merged company (as this can be assigned arbitrarily). The new company may have 1 Billion shares or 200m shares, who knows! Lets assume for simplicity the merged company will have 1 billion shares in issue. 460M of these new shares will belong to the current SMDS shareholders, the 460M shares will need to be distributed among the 1.38B shares in issue for SMDS. This will equate to about 0.33 new shares for each of the existing SMDS share. Similarly for MNDI this figure will be 1.27. Making the figures to integer numbers: if you hold 11 shares in SMDS you will get 1 in the merged company, if you have 3 shares in MNDI you will get 1 in the merged company. |
Posted at 11/3/2024 11:27 by tetleys dad A newbie to this investing lark so I hope I’ve done this correctly!There are ~ 1,818m shares combined for SMDS & MONDI. If these are split 46:54 in the new entity then 836m are SMDS and 982 Mondi. Dividing these proportions by the current split of shares (1,377m and 441m) gives the proportions 0.607 and 2.225. Divide these proportions by the lowest (0.607) gives a ratio of 1:3.663 which approximates to 4 SMDS shares to 15 (14.663) MNDI. If you gross these figures up then you get 272.98 SMDS shares and 1,000 for MNDI. Happy to be corrected! |
Posted at 11/3/2024 08:57 by meanreverter There are 441,412,530 Mondi and 1,377,451,807 SMDS shares in issue. If the 46:54 ratio is accurate, then SMDS shareholders will get 273 Mondi shares per 1000 SMDS shares held. If the calculation is based on the Mondi reference share price of 1381p and corresponding claimed 373p valuation of SMDS by the offer, then SMDS shareholders would get a bit less: namely 270 Mondi per 1000 SMDS.Traditionally, share-swap offers are not presented in such decimal form but rather as simple fractions. Thus, we might expect a 3-for-11 (0.2727...) offer, based on the 46:54 ratio. The 373p calculation doesn't match any simple fraction closely. The nearest I can find is the slightly awkward 7 for 26 (0.2692...). |
Posted at 06/3/2024 09:46 by peart I suspect it's the usual game at the current time and perhaps this is obvious. UK share prices are generally depressed, Mondi sees an opportunity.... They think say £4-4.50, will entice SMDS to bite and the well run SMDS's Directors think no way. The only issue is if SMDS feel vulnerable as a business going forward, as in their future profitability. If not and they have confidence going forward then Mondi, who have tried before, really, really have to put a knock out bid on the table. Who knows, but we'll find out tomorrow at the latest. |
Posted at 15/2/2024 13:08 by meanreverter Sun1950:Your guess looks about right to me. I don't think that SMDS holders would be happy with a deal resulting in a meaningfully lower dividend. Based on 2023 payouts, a 2-for-7 offer would cut the dividend per SMDS share by only a smidgeon: from 18p to 17.89p. As for my own modest holding in SMDS, I would refuse 1 for 4, think about 2 for 7, and accept 3 for 10. |
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