Smith (ds) Share Discussion Threads

[jeffian] 03/8/2020 10:04

I accept that there was a huge amount of uncertainty at the time, and still is, but IMO the smarter thing to do would have been to defer, rather than cancel, the dividend and set out a policy to pay at the year-end based on a suitable cover (e.g. divi covered 2x by earnings).

[salpara111] 02/8/2020 11:10

Every company that has cancelled their divi entirely has seen their share price hit hard which is not surprising as income funds will have to ditch the stocks.
The smart thing to have done would have been to cut the divi by say 50% as that would not have triggered mass fund selling. I am entirely unclear why the highly paid management could not work that out themselves!
Despite that, the share price is now getting to a point where I am interested in taking an initial stake.

[redartbmud] 31/7/2020 15:18

Sounds like a good idea. Could you please take their managemenr with you when you go?

[enormouswillie] 31/7/2020 14:48

Removing this waste of space

[redartbmud] 31/7/2020 14:35

Looks like investors have thrown in the towel now.

[fhmktg] 31/7/2020 10:13

Two decent buys....at last!

[ali47fish] 30/7/2020 18:08

so is it worth staying invested in smds still anyone with insight please!

[dogwalker] 30/7/2020 12:10

We /they don't have to put up with it.We can always sell our shares as others have, depressing the valuation further in the process. The board didn't think that could happen presumably !

[ygor705] 30/7/2020 08:11

For me, yesterday's Smurfit numbers just underline the difference between a business orientated board and a bunch of technical journeyman. I hold both shares because my view is that they are essentially operating in similar growth markets. Why then do shareholders have to put up with such poor decision making?

[lyndon b] 29/7/2020 21:27

BTW, according to letsrecycle.com OCC prices have gone down £5/mt in July on the low/high range. They buy 330k mt a month, so important. Assume they buy at the bottom of the range so they are buying at (£/mt) Feb 15, March 15, April 35, May 60, June 45, July 40. Hence >£8m/month extra costs in July versus March.

[lyndon b] 29/7/2020 21:00

Just skim read the numbers and admittedly had a few beers, but Smurfit profits down double digits, resume interim dividend and hey presto, share price +5%, with what now looks like headroom.Move over to our old friend here, profits up 5%, interim + final dividend slashed.....and we all know what happened to the share price

[suetballs] 29/7/2020 12:18

Management weakness imho - get Drabble in asap.
Suet

[dogwalker] 29/7/2020 10:55

Not necessarily when you have their recent report saying how well they're doing & what a bright future, but , because they don't know the future, they'll axe dividends. Very confusing, suggesting a lot of weakness somewhere, even if only in the character of the management.

[fhmktg] 29/7/2020 10:37

At the moment, I can't see any prospect of a dividend being paid until 2021. Is that too pessimistic?

[cousin jack] 29/7/2020 08:08

It’s a broadly positive update from Smurfit but so was the last one from SMDS. However Smurfit demonstrating their confidence more tangibly by restoring a dividend and until SMDS do the same I guess the share price recovery will lag Smurfit’s despite the outlook for both companies being similar.

[games] 29/7/2020 07:20

Smurfit Kappa

Resuming div announced with results.

[fhmktg] 20/7/2020 10:50

Couple of sizeable buyers this morning totalling over 750k.Somebody is keeping the faith.

[cousin jack] 19/7/2020 15:12

SMDS share price since start of year is down by almost double the fall in rivals. I can't see a good reason for the difference, particularly as market indications are that product demand is not being unduly affected by Covid. Possibly the dividend cancellation has led to selling by holders who were holding as part of an income portfolio. Taking a medium term view I think it's reasonable to assume demand will not greatly change and the dividend will at some point be restored. I've been adding on recent down days but the chart indicates that there could be a decent move up soon.

[lyndon b] 15/7/2020 12:49

You could have went fishing and got 4% today

[lyndon b] 15/7/2020 10:22

Cheers Dondee....like everything timing is key. You are putting roughly £10k down and if successful gaining £100 a time.

I don't see much joy from the Monday graph, unless you bought and sold in the afternoon. In the morning it was at the 277 range and that was as high as it got all day.

[bumrush] 15/7/2020 09:37

Dondee. Sounds like a decent way to make some cash with very little risk..I assume you are not doing CFD's? Just buying and selling the shares on the same day and taking into account stamp duty and dealer charges? I assume you also set a stop loss at 2 percent too?

[dondee] 15/7/2020 07:58

I should have mentioned that on monday the price fell back after my limit was reached/tripped as if to illustrate the importance of setting a REASONABLE sell limit. Don't be greedy.

I also believe in what Mr Buffet said when he spoke the much quoted expression "be fearful when others are greedy and greedy when others are fearful" or words to that effect.

I generally concentrate on MRW, SBRY, TSCO but in the past also TW., VOD as well as SMDS and a few others such as BIFF, MARS.

[dondee] 15/7/2020 07:49

I never buy in the first half hour, and sometimes the first hour or more.Preservation of capital is paramount.

Once bought, always set an automatic sell limit.

You can do this nowadays on HL.

On Monday the price went up in the afternoon and "tripped" my sell limit and the auto. Email came through on my phone while I was gardening at home.

The same happened yesterday while I was in the garage sorting tools out and making a new bird box.

I am never greedy and so rarely set my sell limit more than 2% above buying price otherwise the chances of your limit being met diminish accordingly. I only buy 3, 4 or five thousand shares in a share priced at the level SMDS is at just now.

On monday , I took out around £85 gain and yesterday around £56 on 4,000 and 3,000 respectively and I only ever (usually) put more than a tenth to 13th of capital into any one single trade.

Do your own calculations!




No Aiberdeen,rivers Don and Dee.

[lyndon b] 14/7/2020 19:45

Dondee....At what points did you buy/sell during the day....You must be putting a few quid in to get any sort of return?Final question...are you a Dons fan from Dundee!?