Mondi Share Discussion Threads

[enami] 04/4/2011 14:35

Topped out at 611??

RSI coming cack below 70 (51.65 on 60 min chart).

[enami] 01/4/2011 08:22

Updated the weekly chart in previous post. Possibility to enter FTSE100 if over 670 (curret position circa 110 I think)

Holding over 600 now, upside target still 670 but XD 11 Apr may see a bit of a dip to buy into later. Short term target 625 but slighly overbougt (Daily RSI = 72.6)

[enami] 04/3/2011 08:23

New ATH - next upside target 670

WEEKLY CHART (UPDATED 01 APR)

[enami] 21/2/2011 13:36

Looks like a good set of results, today's high just 10p short of the ATH in October.
Dividend 16.5 euro cents per ordinary share will be paid on 12 May.

(From StockMarketWire)

Paper and packaging group Mondi plc hiked its final dividend after reporting a 116% rise in underlying pre-tax profit to EUR394m from EUR182m for the year to December.

Group revenue was up 18% to EUR6,228m from EUR5,257m.

Underlying operating profit increased by 73% to EUR509m from EUR294m. Underlying earnings per share rose 151% to 47c from 18.7c.

The group recommended a final dividend of 16.5c, up from the previous 7.0c, making a total rise of 111% to 20.0c from the previous 9.5c.

Cash generated from operations was down 10% to EUR778m.

Net debt fell 10% to EUR1,364m, which the group said followed strong cash management and business disposal proceeds.

Mondi said it had achieved production records at six out of its eight largest paper mills. Modernisation of its Russian pulp and paper mill was completed and running to plan.

The results reflected a strong operational performance and significantly improved trading environment, with price and volume improvements across all main products.

Of the underlying operating profit of ¬509m, the Europe & International division contributed ¬431m, South Africa division ¬64m and Mondi Packaging South Africa ¬51m.

However, an operating loss of ¬4m from the Newsprint division was 'extremely disappointing'.

Input costs, particularly wood, pulp and recycled fibre, increased by about 28% during the year.

Mondi said demand growth over the last 18 months had been very encouraging, with volumes in most grades and geographic regions back at satisfactory levels. Further demand growth was expected in 2011, though at more modest rates.

CEO David Hathorn said, 'After the turmoil of 2008 and early 2009 created by the global financial crisis, the recovery noted in late 2009 continued into 2010.'

This had translated into an improved return on capital employed, increasing 4.7 percentage points to 12.3% for the year, though short of the targeted 13%.

He added, 'We are confident that the group's integrated low cost position, focus on performance, and the contribution from the major investments made through the down cycle position the business well for the future.'

Shares were up 9p at 544p in early trading.

[leeson31] 12/2/2011 12:42

aye, its looking good here...once past 550p it should head towards enamis chart suggestion...

[nellie1973] 11/2/2011 15:27

Tipped in press today as a buy

[enami] 07/2/2011 09:04

Acquisition RNS and share price pushing through to new highs for this year.

Fib target 670 at trend line intersection end August.

Full Year Results Announcement 21 February 2011

WEEKLY CHART (MACD 6,12,9)

[nellie1973] 03/12/2010 15:09

Broker upgrade

[leeson31] 17/11/2010 19:59

I reckon this could go on to 650p from its next run up enami, from current levels looks ready to rise...10% retrace is about right

[enami] 15/11/2010 09:51

Daily chart with clearer support/resistance level.

[enami] 15/11/2010 09:47

Back to sub 500, looks like old resistance is new support after coming back from ATH 562. EOY target 585 with Wave 5 target 670 further along.

WEEKLY CHART

[leeson31] 12/10/2010 12:03

i like the accuracy of post 293 enami :-)

[enami] 25/8/2010 09:58

XD 3.5 Eurocents today. Fallen quite a way off the top beforehand.

I sold out last Friday, might come back in if it drops int the 430s.

[enami] 18/8/2010 10:03

52 week high at the open, just 14p short of the ATH now (500p was achieved shortly after the demerger from AAL).

[enami] 13/8/2010 09:58

Pulled back yesterday to close the gap from 30 Jul trading statement and if the whole market is positive then 500p is on the cards.

[enami] 10/8/2010 06:21

News banner seems not to come up in the header today.

Highlights

Underlying operating profit up 61%, driven by a strong performance from the
Europe & International Division

Sustained improvement in order inflows, volumes and prices across all key paper
grades

Improving performance in South Africa Division

Restructuring of European Corrugated business completed

Major capital project in Russia on schedule for completion in second half

Successful issuance of inaugural EUR500 million Eurobond, used to pay down
existing debt

Interim dividend up 40% at 3.5 euro cents per share

Dividend

A dividend of 3.5 euro cents per share has been declared by the directors and will be paid on 14 September 2010 to those shareholders on the register of Mondi plc on 27 August 2010 (XD 25 August).

[enami] 05/8/2010 10:58

Stretching up to match the March highs (488 intraday, 482 EOD).

[enami] 30/7/2010 14:10

If the results next month are as good as promised then could get to Wave 5 target 553p.

WEEKLY CHART
Currently 200% up from all time low.

[enami] 30/7/2010 12:40

Another surprise Trading Staement, results due 10 August!!

Probably due to this regulation
"In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding
period."


Downtrend definitely broken.


Mondi flags H1 operating profit rise
StockMarketWire.com
Paper and packaging group Mondi confirmed its underlying operating profit for the first half is expected to be 'considerably higher' than last year's.

Basic headline earnings per share are expected to be in the 22-27 euro cents range, against a 2009 H1 loss of 0.8c.

Basic underlying EPS will be 17c-22c, compared with the previous 8.3c.

In its May IMS, Mondi said its results for the first quarter were considerably above the comparable period in 2009.

The results will include a net special item gain of around ¬5m after tax. In the previous first half, Mondi recognised charges totalling ¬78m, mainly relating to assets impairment, restructuring and closure costs.

Results for the half-year ended June 30 will be released on August 10.

[enami] 17/6/2010 16:43

Seems to be breaking the downtrend.

Added at 416.

[enami] 12/6/2010 09:15

Upgrades to targets from both GS and CSFB this month Date Broker name New Price Old price target New price target Broker change 11-Jun-10 Goldman Sachs Neutral 407.00p 570.00p 713.00p Reiteration 02-Jun-10 CSFB Outperform 401.70p 615.00p 625.00p Reiteration

[enami] 06/5/2010 13:16

No bad news in today's IMS or AGM statements.

[enami] 06/5/2010 13:11

I missed these 3 broker recs - all reiterations but 2 price target upgrades Date Broker name New Price Old price target New price target Broker change 28-Apr-10 CSFB Outperform 442.50p 525.00p 615.00p Reiteration 13-Apr-10 Citigroup Buy 450.80p 500.00p - Reiteration 12-Apr-10 UBS Neutral 460.20p 440.00p 460.00p Reiteration