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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 Shares Traded Last Trade
  +0.00p +0.00% 337.20p 0 05:00:01
Bid Price Offer Price High Price Low Price Open Price
337.30p 337.50p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 5,765.00 292.00 24.90 13.5 4,611.7

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DS Smith (SMDS) Discussions and Chat

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Date Time Title Posts
19/1/201916:55Smith (DS) PLC with Charts and News2,633
11/7/201819:15DS Smith - Smudger's on the rise71
03/11/200917:24Whats Happening !!!!!141
23/4/200917:51DS Smith - must be a sell.182
12/2/200215:21SMITH(DS)- whats up? something is cooking?18

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DS Smith (SMDS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-21 17:28:38335.63166,027557,228.12O
2019-01-21 17:28:38335.6380,523270,255.32O
2019-01-21 17:25:11337.123,09710,440.61O
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DS Smith (SMDS) Top Chat Posts

DS Smith Daily Update: DS Smith is listed in the General Industrials sector of the London Stock Exchange with ticker SMDS. The last closing price for DS Smith was 337.20p.
DS Smith has a 4 week average price of 290.70p and a 12 week average price of 286.20p.
The 1 year high share price is 583p while the 1 year low share price is currently 286.20p.
There are currently 1,367,652,787 shares in issue and the average daily traded volume is 4,912,081 shares. The market capitalisation of DS Smith is £4,611,725,197.76.
moorsie2: To pay 2bn euros for Europac is insanity.... this is what is damaging your share price. Rumour has it SMDS refused to pay 900m for it less than 2 years ago... seems like the CEO was too eager to grab market share and made the mistake of over paying based on multiply earnings at the upper end of a cycle
moorsie2: Dogwalker - the industry write down is significantly over done so I would expect this to rise back to circa 450-470 in the coming weeks and months. But I would have significant doubts that the US acquisition and Europac acquisition will be long term adding value. To me it looks like they significantly overpaid for these assets and that will prove to be a significant lag on their share price in the medium term. It is a good move by them to get out of Plastics but at the wrong time. The business carries a negative now due to perceptions of plastics while just 12 months ago it would have carried a premium. I am sitting on my hands until I see what they get for plastics division
opistewart: Another good day for DS Smith shareholders !! Investors were asked to cough up one billion to fund Europac acquisition ,since then CEO Roberts has precidded over 1.5 billion being wiped off the value of the company . 4/5 months over 30% wiped off the share price . Roberts strategy is questionable as is his ability to deliver , Time for a change at the top .
typo56: The 'discount' isn't just there to persuade existing holders to part with more cash. It's required in order for underwriters to accept the risk of the rights failing, which they do for a nice fee of course. It also engineers a dip in the share price. Like it or not, most of us look at historic price charts rather than market cap charts and consider a dip as a good time to buy. So the market cap can end up being higher than it would have done without the rights 'discount', rather than anything fundamental.
gettingrichslow: Dogwalker, I will let them lapse and then decide whether to invest the cash in SMDS or elsewhere when the dust has settled. If you think about it, in any RI, the rump of unexercised rights that are left at the end then need to be sold off to buyers who weren't otherwise intending to buy, which must have a downwards effect on the share price.
gettingrichslow: Dogwalker, not quite, the question wasn't about why he has faith in SMDS, it was about why he decided to buy more thru the RI (rather than in open market). It seems to me that many people seem to enlarge their holdings when RIs are announced when they weren't really planning to beforehand. In other words, they are 'enticed in' by the RI, rather than it being a premeditated decision by the investor. On your other point about RIs creating 'a recipe for immediate share price improvement' I'm afraid the evidence suggests the exact opposite (this is a much researched subject)!
dogwalker: An aspect too is that a rights issue is a one-off special event. So the increased exposure to the company , & buying of its shares, is done in a concentrated burst. The people who just subscribed aren't as likely to sell. This creates a temporary imbalance. Together with the significantly greater size of the company (attracting interest in itself from one or two institutionals) & its ability now to achieve its targets, you have a recipe for immediate share price improvement. If you're glued to your screen all the time no doubt you can trade cleverly enough to catch the swings better than simply subscribing to the set menu.
dogwalker: The issue Typo56 is highlighting - I think -is that there are 2 variables ( the 'main shares' & 'rights' prices) you're trying to combine to get the best result ...for your decision. Taking a theoretical or systematic approach, there's no advantage to be had one way or the other when it comes to knowing whether to take up your 'rights' or not. However, there is - an advantage of sorts - when you take into account a) the difficulty in predicting the future on a day by day basis & whether to let rights lapse or to sell them or whatever, & b)any possible view you might have about how terrific the company is etc.,in which case you might reasonably think that the share price will do well once the issue is over. In that case you could reasonably take up your rights , paying no fees, & hope it'll turn out that you've got them 'cheaply', the question of 'timing' your purchase having been answered implicitly.
typo56: Dogwalker. It may seem unfair but... 1) Short term the dividend income will normally be offset by the capital loss as the share price falls to reflect the ex-div. Therefore, if the divi were bigger, the price drop would be bigger. 2) The dividend value will be reflected in the price of the nil paid shares. i.e. without the dividend, once they go ex rights the nil paid shares would normally track about 359.8p below SMDS (350p exercise price plus the 9.8p dividend they wouldn't be entitled to). In this case they should track about 350p below. In other words, should you wish to sell the nil paids or let them laspe, you'll be receiving 9.8p per nil paid share more for them than you would if they didn't have the dividend entitlement (it effectively adds 3/11 * 9.8p to your dividend per SMDS). Therefore, overall, I don't think you're as hard done by as may first appear.
gettingrichslow: 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!
DS Smith share price data is direct from the London Stock Exchange
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