Smith (ds) Share Discussion Threads

[heapos] 06/3/2019 09:30

Had myself another little chunk on the news.

[moorsie2] 06/3/2019 09:07

I think the market was expecting more for the sale (or were led to believe more for the sale) . Also Europac and Interstate acquisitions done at the top of the paper cycle which always means over paying...

Compelling case for this to trail the sector and come back to an average valuation for the sector.

I would wager a lower share price by end of the week than what it started....

[cyberian] 06/3/2019 08:36

Agree...very positive statement with update.

[bigbigdave] 06/3/2019 08:31

Added on the initial pullback seller around maybe. Think this might be a fill ya boots moment.

[nav_mike] 06/3/2019 08:18

Rise being quicky sold into - really cant see why :(

[lord gnome] 06/3/2019 08:17

Great news to wake up to. Hopefully, finally, we have now cracked the 350 level. Onwards and upwards.

[irenekent] 06/3/2019 08:12

As Eric Morecambe would have said "I'm playing all the right buy and sell notes, but not necessarily in the right order!" So much for all the doom merchants. Recovery is on its way.

[nav_mike] 06/3/2019 07:58

Market seems happy enough....opening auction currently uncrossing at 362

[rimau1] 06/3/2019 07:57

There was talk of $800m when the sale was announced although the company didn’t put a figure on it. Hardly suprising that it goes for a lot less, plastics isn’t a compelling growth story right now.

[nav_mike] 06/3/2019 07:50

Good update - share price reaction may depend on what the city had pencilled in for proceeds of the plastics division sale

£450m seems decent given the asset value and profits of the division

[bigbigdave] 06/3/2019 07:11

Sale of Plastics division, trading inline. A nice upbeat trading statement a day earlier than expected.

[lord gnome] 04/3/2019 13:11

Indeed, it looks to be winding up for another crack at 350.

[cyberian] 04/3/2019 13:03

Well looks as though investors have taken a more positive view on SMDS and its peers since the rather negative initial response to the latter's recent impressive results.

[cyberian] 28/2/2019 17:54

EI, and others here...what worries me to some extent is that MONDI drops 6.3% after some excellent numbers for the F/Y, so what happens here after their update. I note that the data/info given at this time is usually quite brief with no numbers...need to see if the sentiment is encouraging or not. SKG has also not benefited at all after their positive results when many had predicted a strong share price recovery...strange market/investor behaviour....makes for more short term trading if anything, for some.

[essentialinvestor] 28/2/2019 13:42

If you look at previous cycles some of the sector damage has been self-inflicted,
with rapid capacity expansion towards peak cycle.

That being said each cycle is different and we now have some powerful
longer term secular drivers - plastic packaging substitution, e-commerce etc.
Sector still remains cyclical though.

[essentialinvestor] 28/2/2019 11:55

It's Mondi. Their comment on some weaker pricing.

[cyberian] 28/2/2019 10:46

Must be a very bad broker review or a fall equal to the 3.2% fall today in peer name SKG...the latter recently had some quite positive results. The influence in the SKG fall maybe the main reason...a pity as a trading update is due for smds on 7th March.

[essentialinvestor] 28/2/2019 10:21

* Mondi FY

[essentialinvestor] 28/2/2019 10:11

Must be sone sector news?.

[cyberian] 28/2/2019 09:54

Notice some computer trading over last 20 minutes or so 1303, 1000, and 1233 repeated on the sell side...so a bit of an attempt to get the share price down for some trading reason. It seems that this is a fairly regular event with a number of liquid stocks, and not a true representation of fundamentals of companies value and potential.

[taurusthebear] 22/2/2019 17:23

EJ - all conjecture. The one thing you can say is that the market doesn't like uncertainty.

[senn1] 22/2/2019 17:18

Trading update on the 7th march should be good reading December's report from the company divi goes ex in April.

looks like the A trades are manipulating somewhat before a move higher beginning of March imho

[taurusthebear] 22/2/2019 16:04

Everyone seems to ignore the elephant in the room. March 29. I suspect the market will rally when an extension to Article 50 is announced. However, I don't think a no-deal is priced in, therefore many are obviously risk averse.

[nav_mike] 22/2/2019 15:57

Perhaps the recent failure to break above 355 has sent some of the trend following systems into reverse?

In these at 334 from a week or so ago and hoping an eventual breal of 355 will lead to 400+