Share Name Share Symbol Market Type Share ISIN Share Description
J Smart & Co LSE:SMJ London Ordinary Share GB00B76BK617 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 106.00p 104.00p 108.00p 107.00p 106.00p 106.00p 0 14:00:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 22.9 4.0 8.3 12.8 47.65

J Smart & Co Share Discussion Threads

Showing 51 to 74 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
17/11/2017
14:40
You're right; there is now a 3m pension surplus as well as 18m net cash and 64m of property so the share looks remarkably cheap as ever.
mw8156
17/11/2017
08:52
Read the Annual Report.Pension appears to be in surplus.Contributions are going up a couple of %.Dont see it as a problem.
russman
29/10/2017
22:14
also good to see they treat their employees well by sticking to the terms of the pension scheme even though it was closed in 2003; seems like a decent outfit with old-fashioned but excellent sort of Calvinist culture to do the right thing by employees and shareholders.
mw8156
29/10/2017
10:57
The Chairman and family are good to the other shareholders, though; they do not take too much out of the company and waive the divi not taking it for themselves.
mw8156
27/10/2017
17:09
Blimey this Chairman has to be the most glass "half-empty" Chairman on the LSE. Doom and gloom every time! Still a value play.
topvest
27/10/2017
08:56
Cannot see the last triennial valuation. Have to wait for the annual report.
russman
26/10/2017
12:40
seems they have 45m shares and 21m net in cash but there is a pension deficit?
mw8156
26/10/2017
10:59
There is 26m in cash.Just make a tender offer to the minority.
russman
20/10/2017
10:25
The share price moved.
russman
07/2/2017
11:11
Results continue to improve.
sirhedgealot
18/12/2015
09:58
Please note that the market cap on the advfn quote page is incorrect. Their market cap is actually a couple of percentage points lower than quoted due to the fact advfn hasn't rebased it following share buybacks. Fingers crossed more buybacks to come if the market opportunity arises
little beaker
11/12/2015
17:05
Hi Glassboy, if they are listening to me then we should probably be worried! Agree it is one to be patient with and if they can mop up shares at these levels then we should do alright in time. From their website they have a couple of sizeable housing projects underway which will hopefully help things along this year.
prop_joe
11/12/2015
13:26
Seems they are listening to you Joe, 50000 bought back today. Will be interesting to see how the proposed boost to Housing Association builds develops over the next few years. And whether the healthier construction / property sector finally helps Smart get turnover and profits back up. One to be patient with. Gb
glassboy
08/12/2015
11:00
Thanks Russman, Shows what a prudent bunch they are to keep so much cash on hand. I'm hoping that they use some of it to buy back more shares. Cash isn't earning much interest and reducing the number of shares in issue increases net assets attributable to each remaining share. Regards
prop_joe
08/12/2015
10:39
I read the Annual Report & you are correct, "monies on deposit" are cash balances on deposit longer than 3 months. It all helps.
russman
02/11/2015
08:34
'Monies on deposit' could well be cash placed on long term deposit (i.e. greater than 3 months) or amounts invested in money market funds in order to get a better interest rate than is available for immediate access. Accounting rules require that these sort of balances are identified separately from cash and cash equivalents (which should only include amounts that are available to spend either immediately or without much of a delay).
prop_joe
02/11/2015
06:25
Don't quote me but I thought "monies on deposit" were the deposits held at the solicitors in respect of buying and selling future developments / properties. I presume the market is warming up, more transactions so this amount was significant this year. Maybe the timing meant at the year end, there was a transaction(s) pending completion.
russman
30/10/2015
10:18
Good point, I have no idea why there is a separate entry for "monies held on deposit" vs cash and cash equivalents... this item didn't exist in last year's accounts. Perhaps it's something that isn't immediately accessible; I'm not an accountant and don't really understand the distinction. They do warn that contracting margins are still under pressure, so I wouldn't expect a fast return to pre-recession operating margins. However, I think a gradual increase might be expected, and with a benign property market we should see good sales in residential, and hopefully an uplift in commercial. The updates they give the market make me smile... there's so much spin and optimistic bluster in most financial reports, whereas Mr Smart (the chairman) just tells it exactly as it is! There's no smoothing of profits and revenues to try to maintain a constant growth trajectory. As an aside, I have no idea why they waived 50% of the dividend.
little beaker
30/10/2015
08:41
With £3.5m "monies held on deposit", cash is £16.8m... which only reinforces your point. Operating profits back to £2m, looks like the corner is finally turned as recession and referendum recede into the past. Operating margins were double this level in better times. Property values should start rising again. 51k trade yesterday, buybacks may have restarted. Gb
glassboy
29/10/2015
10:56
For the full results, see http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12559394.html The ADVFN report is truncated for some reason, missing some of the accounts. Note the cash position increasing by £5million to £13.3 million, not bad on a company with market cap of approx £47m. Strip the cash from net assets and market cap and you would have a market cap of £34m with asset backing of £75m. My opinion is that these shares are undervalued. I would hope to see further share buybacks.
little beaker
29/10/2015
10:45
Good timing LB. Results seem fine, trading picking up and divi small inc (tho board still not taking any.) Good to see BV increasing for the 1st time in a few years as well
sladdjo
25/9/2015
08:12
Results are normally released last Thurs in October, so this year should be 29th October
little beaker
04/8/2015
08:51
Just bought a few of these for my mummy, who has some savings sat earning nothing. Don't really see what's to dislike - 50% discount to NTAV, 3%+ divi yield. Concentration of power to the board but they've been trading for decades with no sign of misappropriation. Scottish commercial and residential outlook fairly positive. Not expecting much movement, just a return of a few percent over base rate works for me. No alarms and no surprises, hopefully!
little beaker
15/6/2015
10:09
I agree the are challenges. Pure asset value play IMO.
sirhedgealot
Chat Pages: 3  2  1
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