Share Name Share Symbol Market Type Share ISIN Share Description
DS Smith LSE:SMDS London Ordinary Share GB0008220112 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -15.40p -2.66% 563.80p 566.60p 566.80p 578.40p 566.00p 577.80p 5,679,638 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 4,781.0 264.0 22.1 25.5 6,058.37

DS Smith Share Discussion Threads

Showing 2751 to 2773 of 2775 messages
Chat Pages: 111  110  109  108  107  106  105  104  103  102  101  100  Older
DateSubjectAuthorDiscuss
15/6/2018
07:34
DS Smith launches Made2fit to help reduce e-commerce packaging sizeDS Smith has launched a customisable packaging solution to enable e-tailers to reduce packaging size and associated costs, including void fill, storage, shipping and administration.
churchtower
14/6/2018
13:08
churchtower - Good point, we need the terms of the RI to be published then everyone can decide what to do.
losos
14/6/2018
07:56
Full year results are now imminent as this has been brought forward from the end of this month so the rights issue prospectus in relation to the Europac takeover can be published.
churchtower
11/6/2018
10:51
perked up a tad today Phillis, probably until New York opens, then down haha.
losos
08/6/2018
16:21
in the meantime the prospective underwriters are fighting a losing battle in trying to keep the price up
phillis
08/6/2018
16:10
Ok, but none of those points are relevant when talking about a big London listed stock like this! I rarely take up rights because (a) if I wanted more invested in the company I would have already made that investment and (b) because in ISA'd investments it's difficult or impossible to get the money in because I may have already used my full allowance. I've never not had the payment for lapsed rights returned and I've been investing a long long time.
gettingrichslow
08/6/2018
14:51
grs - can u give me an example of a rights issue where the proceeds of the lapsed rights weren't returned to the shareholders? Yes - It happened to me many years ago in a Vancouver listed mining stock; Why would a heavily discounted RI be 'more tempting'? Try naming one advantage? It makes no difference at all In the event of lapsed rights benefits not returned to the investor it would leave you worse off as I found to my cost.
ianood
08/6/2018
14:03
A rights issue gives existing shareholders the RIGHT to buy additional shares at the strike price but NOT the OBLIGATION. If you do not wish to take up new shares, then you can sell your rights or do nothing of course. Only you will know what is best for your holding and your circumstances.
erogenous jones
08/6/2018
11:59
Ianood, 1. can u give me an example of a rights issue where the proceeds of the lapsed rights weren't returned to the shareholders? 2. Why would a heavily discounted RI be 'more tempting'? Try naming one advantage? It makes no difference at all.
gettingrichslow
08/6/2018
11:41
stop digging
phillis
08/6/2018
11:30
I agree that % holding in Co is unchanged if subscribed. However, it depends if you are a longer term investor or not. The decision, to my mind, is made easier when you know the numbers. In some cases the unsubscribed rights will be sold and value passed back to the shareholder (not all). A heavily discounted rights is more tempting to existing shareholders - take a look at Phoenix a similar discussion is currently taling place there with their previous recent rights issue being used as an example.
ianood
08/6/2018
09:37
ianood, tell me what difference that would make? The things you describe are just the factors that determine how much money the company is raising. The only choice the investor has to make is 'do I want to maintain my % holding in the expanded company - if so take up the rights' or 'do I want to just maintain my £ holding in the company - if so don't take up the rights' and just wait for the payment for the lapsed rights'. It's that simple but a lot of people don't get it.
gettingrichslow
08/6/2018
09:16
You need to know what the cost and terms of the rights are then you can work out the ex rights price and whether or not it is worth taking them up or not.
ianood
08/6/2018
09:12
Ali47fish, what advantage would it give? You're not buying the shares 'on the cheap'. If you were, who do you think is subsidising it?? Google 'how do rights issues work' and you will see what I mean. The reason the RI price is lower than the current share price is purely because if the share price drifted lower than the RI price then no-one would take up the offer. That is all. You are not getting them at some sort of 'bargain price'. That is why many people choose not to take up the offer!
gettingrichslow
08/6/2018
09:07
taking up your rights merely maintains your share of the new whole - irrespective of the price paid
phillis
08/6/2018
08:42
gettingrich-but the higher discount surely gives us an advantage as existing shareholders versus buying on the market - but what matters most is the company's potential to grow its earnings if it fully valued there might not be a chance that happening
ali47fish
08/6/2018
08:35
Dozey3 and Losos and others, I don't understand why you are referring to the size of the 'discount' as if it is a discount like you might find on a car or a holiday or a ton of peas. It isn't. It doesn't get you the shares cheaper! The rights you are given have a tradeable value equal to the difference between the post RI share price and the discounted price, so you are not getting the shares cheaper by buying into the RI...you are just putting more money into the company and expanding your holding.
gettingrichslow
07/6/2018
17:51
Rights coming, Shorters alert (delta hedging)
phillis
07/6/2018
09:19
How the hell can he comment until the terms of the rights are known! Empty vessels and all that!
ianood
07/6/2018
09:16
russ mould of IG bell said it is fully valued with noi suggestion as to what investors should do- no details of the discount and other details is unusual- any insights please
ali47fish
06/6/2018
14:31
Phillis - Always the risk of a leak from the Spanish side haha. Dozey3 - Well yes the RI has to be attractive to me (Which I hope it is) I had been contemplating adding to my holding of SMDS for some time but felt the price was high.
losos
06/6/2018
12:18
still a little puzzled as to why a fully underwritten rights is announced with no details were they perhaps hurried into an RNS perhaps because of a potential leak ( from the Spanish end?) House brokers will have to work hard to keep the price up
phillis
05/6/2018
13:40
Bit premature to decide to take-up before we have any idea what discount (if any) is involved. At least they have given plenty of warning so holders who will need to release funds from elsewhere can do so. Hope those companies who go for cosey discounted placings amongst directors and their cronies, disadvantaging their small shareholders, can see how it should be done.
dozey3
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