Mondi Share Discussion Threads

[kramh] 16/1/2024 09:30

Share price planned to stay the sameThey give with one hand 10%And take with the other 10 for 11 consol

[hopefuldave] 07/1/2024 11:46

Yes, great opportunity to make some serious money so soon in the new year. I just hope the share price doesn’t drop too much after the ex. Would like to use some capital before Easter.

[enami] 20/12/2023 12:39

29 Jan 2024 Ex Special dividend 160 €cents
29 Jan 2024 Share consolidation effective (Maybe 10 for 11 depends on share price)
1 February 2024 Exchange rate set (EUR/GBP) in respect of Special Dividend
13 Feb 2024 Payment of Special Dividend

[enami] 20/12/2023 12:19

I missed this yesterday sorry (I am no longer a shareholder)
Reading the RNS it is not clear that the ?775 miliion is actually Euros and that the distribution per share will be €1.60 per Existing Ordinary Share.

[essentialinvestor] 19/12/2023 19:04

They have exited Russia with more than I expected, all be it significantly below the amount outlined on the initial announcement.

Arguably now a bid target.

[dexdringle] 19/12/2023 18:48

A special dividend and BlackRock increasing their holding by 20%.

Not exactly put a rocket under the share price though has it ?

[justiceforthemany] 19/12/2023 17:55

This board is dead.
So they did get the money out and special dividend now coming...

[essentialinvestor] 19/10/2023 10:16

SKG appears to be outperforming.

[budd_foxx77] 05/10/2023 15:00

yea that's about what I made it. Assuming there's no issue with the 2 remaining payments my quick & dirty calc is EUR 775m = GBP 670m which is about 10pc of the market cap (I dunno if they have any tax liability on this however). Of course it's dependent on the RUB fx rate to some degree. So they received about 70pc of it per y'day's release. I assume there'll be an update in December, as long as no issue with the final 2 payments I assume there'll either be a special div, a buy back or a combination of the 2. Around Jan/Feb time perhaps. I have a small position on the shares and am holding for now.

[ajbird] 04/10/2023 10:37

Is that about £1.40 per share?

[essentialinvestor] 03/10/2023 13:02

* very good point.

And why would it need to be paid in installments to begin with, eh - perhaps I'm being too cynical. Added to that, if they do get some payments, how is any cash repatriated.

I've switched fully to SKG as of this afternoon.

[ajbird] 02/10/2023 06:06

First payment was due by the end of September. Will we know if it has been made?

[justiceforthemany] 18/9/2023 11:10

& how are they going to get the money out?

[scepticalinvestor] 18/9/2023 06:10

Far lower than the previous offer but at least they are getting something

[scepticalinvestor] 08/8/2023 08:51

Waiting for a further drop before buying back in

[scepticalinvestor] 08/8/2023 08:50

Well when they sell the russian assets (and they will), will see a sharp correction back to the 1800s

[wolfhh] 03/8/2023 19:25

Why Mndi did so badly compared to Skg? Business are almost same, but why market treat them so differently?

[scepticalinvestor] 03/8/2023 12:56

8% down in 2 days

[scepticalinvestor] 03/8/2023 12:45

Good chance this is heading below 1000p in a few weeks. Russian assets worthless now, looks like Essential was correct

[scepticalinvestor] 03/8/2023 12:44

Ye sold out first thing at 1280 for a small gain overall. Definitely confirms that mantra to stay away from ZAR assets

[justiceforthemany] 03/8/2023 12:21

Glad I sold majority of my holding here a few days ago. SKG and DS Smith preferred, the latter a takeover target.

[essentialinvestor] 03/8/2023 06:55

SKG appears to be significantly outperforming Mondi currently, however keep in mind that Mondi's Russian business accounted for over 20% of pre tax, closer to 25% from memory.

As Mndi and SKG often sell on a very similar forward multiples,
either Mondi needs to fall a some or the SKG share price rise further.

[scepticalinvestor] 03/8/2023 06:49

Surprisingly not