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
  -5.60p -1.37% 403.90p 18,515,843 16:35:13
Bid Price Offer Price High Price Low Price Open Price
403.30p 403.50p 409.70p 402.70p 409.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 5,765.00 292.00 24.90 16.2 5,523.9

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Date Time Title Posts
12/10/201813:13Smith (DS) PLC with Charts and News2,488
11/7/201820:15DS Smith - Smudger's on the rise71
03/11/200917:24Whats Happening !!!!!141
23/4/200918:51DS Smith - must be a sell.182
12/2/200215:21SMITH(DS)- whats up? something is cooking?18

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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 409.50p.
DS Smith has a 4 week average price of 402.30p and a 12 week average price of 402.30p.
The 1 year high share price is 583p while the 1 year low share price is currently 402.30p.
There are currently 1,367,652,787 shares in issue and the average daily traded volume is 7,910,270 shares. The market capitalisation of DS Smith is £5,523,949,606.69.
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!
gettingrichslow: 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 are just putting more money into the company and expanding your holding.
greek islander: I keep picking up the same rumour - that Amazon UK is set to sign a large supply contract with SMDS. Is their any substance to this or is it just an attempt to boost the share price? Does anyone know if Smiths are in any form of discussion with Amazon? I suspect that it has little foundation.
mike740: SMDS DS Smith PLC SP moving towards top of the uptrend channel where hopefully we will have a breakout and a new upleg. Smith (DS) share price information Name Smith (DS) Epic SMDS Sector General Industrials ISIN GB0008220112 Activites DS Smith Plc is an international Group focused on two major activities - Packaging and Office Products. It holds strong positions in many of the markets in which it operates: A leading manufacturer of corrugated packaging in the UK and France; The leading UK producer of recycled paper board; The largest UK collector and merchant of recovered paper; A leading worldwide supplier of bag-in-box packaging; The leading European wholesaler of office supplies. Index FTSE 250 Latest share price (p) 408.15 Net gearing (%) 66.28 Market cap (£m) 3,756.84 Gross gearing (%) 69.16 Shares in issue (m) 942.04 Debt ratio 52.54 P/E ratio 24.02 Debt to equity ratio 0.49 Divs per share (p) 11.40 Assets / equity ratio 3.24 Dividend yield (%) 2.86 Price to book value 3.69 Dividend cover 1.98 ROCE 0.08 Earning per share (p) 16.60 EPS growth (%) 10.67 52-week high / low (p) 423.70 / 231.90 DPS growth (%) 14.00 Smith (DS) broker views, Date Broker Recommendation Price Old target price New target price Notes 16 Sep Goldman Sachs Neutral 408.15 380.00 430.00 Resumes 09 Sep Jefferies International Buy 408.15 435.00 435.00 Reiterates 08 Sep Investec Buy 408.15 450.00 450.00 Resumes 08 Sep JP Morgan Cazenove Overweight 408.15 420.00 440.00 Retains 21 Aug Berenberg Hold 408.15 350.00 375.00 Reiterates
DS Smith share price data is direct from the London Stock Exchange
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