Smart (j.) & Co. (contra... Share Discussion Threads

[topvest] 14/6/2015 20:46

Only problem is that they are invested in Scottish Property. I believe that was the only property market that went backwards in the last year.

[russman] 13/6/2015 12:06

What is good for the Goose appears to be good for the Gander.

[sirhedgealot] 28/4/2015 09:34

Value on sale here. Plenty of cash for buybacks.

[sirhedgealot] 25/7/2014 16:37

The buyback continues :)

[sirhedgealot] 15/1/2014 21:59

Finger hovered the offer at 85p......maybe the will be a chance to average in.

[ukeagle2aus] 15/1/2014 09:12

Waiting in the wings for a few and these are in my top two. Problem is the rest of my portfolio is doing really well, so what to sell and when? Age old Q I know. GLA

[sirhedgealot] 06/1/2014 11:52

I'v bought in, big discount here IMO.

[topvest] 03/1/2014 11:51

Yes, maybe - I was too concerned by the construction profit warning though in the annual report. Looks like that business is doing dreadfully.

[sladdjo] 03/1/2014 09:34

Help to Buy is starting in Scotland this year, I believe, and J Smart are on the list of participating home builders:



If this works out similar to the English Help to Buy then comp likely to do very well

[topvest] 26/11/2013 11:30

Well I've sold the few shares I have here before the xd pull back this week. I was a tad spooked by two things in the final results:
- first that contracting revenues will be half that of last year (and last year they made a > £2m loss)
- secondly that the family have waived their dividend entitlement so the dividend increase is actually a 50% cut.
All very shareholder friendly and hats-off to the directors, but looks a bit of a sign of bad things to come to me!
Looks like there will be a very significant reduction in profitability next year before revaluation adjustments. Not totally convinced on the dividend if things continue to deteriorate. Still a large discount to book value, but to make a 10% profit in one year on a bad call is good enough for me. Will keep watching and may get back in at some point as it is a reasonable value play long term. I'd like to see just how bad contracting can get first though!

[sladdjo] 18/6/2013 10:44

some other investors concur hxxp://www.marketfolly.com/search?q=smj&x=16&y=19

[sirhedgealot] 17/6/2013 18:58

I doth see a wonderful business.

[cjohn] 18/2/2013 11:15

Hi Topvest, would you care to expand onwhat you've written?

[topvest] 07/11/2012 20:53

Yes, a quiet value play. Very strong balance sheet and reasonable yield. Family owned, but reputable and prudent. Never going to make you loads of money, but a nice steady earner in my opinion.

[cheshire man] 07/11/2012 10:57

Noticed this RNS,,,,,,,,not much trading on this by the look of it,,,,,,,,,on a quick glance it looks to be a very solid company,,,,,,,,,will put it on my watch list,,,,,,,

[topvest] 18/10/2012 14:50

Thought I would buy a few of these - dull but dependable! 3.5% dividend yield and a 50% discount is adequate protection for me. Never going to be very exciting, but their markets should improve in the medium term.

[greedfear] 23/12/2011 17:18

Merry Christmas fellow shareholders!

[myopia] 29/2/2008 16:48

i give up!

[myopia] 10/1/2008 22:32

still holding but bit disappointed that the share price has come down so much from its highs. Notice someone sold 1300 shares today at 600p. Maybe they are right given the current climate but seems a bit like panic selling to me because this is still a very solid company and unlike many property groups which have high gearing this group is ungeared and has a lot of cash on the balance sheet. Certainly a hold i'd say if you don't neet to sell. Still a ridiculous spread though.

[myopia] 24/7/2007 17:13

WHAT A RIDICULOUS SPREAD

[myopia] 31/10/2005 19:18

well i don't know about anyone else, but i bought soem of these today.

[mw8156] 24/4/2005 13:45

Still reasonable value in front of the interim this week. A property company with assets supporting the share price on their own and civil engineers thrown in for nothing as an extra.

[mw8156] 09/9/2004 11:14

Share price moving ahead nicely despite the dour nature of the interim report. These still stand at a good discount to NAV. ATY is a recent small buyer of the odd share in the company.

[mw8156] 19/2/2004 19:35

According to Caledonian's report and accounts housing market is reasonably healthy in EDinburgh although there is an excess of office new build.
SMJ is at a good discount to NAV. The chairman doesnt take any dividend and it seems to me reasonably cheap?