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Share Name Share Symbol Market Type Share ISIN Share Description
Smart (j.) & Co. (contractors) Plc 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
  0.00 0.0% 112.50 110.00 115.00 112.50 112.50 112.50 60,790 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 16.2 7.3 14.3 7.9 48

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

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
06/11/2019
09:43
They made 7.56m in other operating income, which is rental income from investment properties - will have to wait for the annual report to confirm that, but pretty sure there's nothing else that goes into this line. Take out this line and operating income (before property revaluations) goes to -4.65m. So how much of the 6.26m of operating expenses goes on looking after the investment properties? Certainly not 4.6m of it! Seems to me that the contracting business is very unprofitable and the income from the investment properties is propping it up. I used to think you could capitalise the investment properties at, say, 10x. This gets a 76m valuation for the investment properties and wow, don't the company look cheap at 50m? But actually the rest of the business is a cash drain. In conclusion, SMJ shares don't look obviously cheap at these levels. Am I missing something?
gaiusgracchus
30/10/2019
17:09
Family business.
russman
24/10/2019
11:30
Final results https://uk.advfn.com/p.php?pid=nmona&;article=80984478
spob
23/4/2019
18:17
Valuations increasing hopefully. Then sell a property. Buy back more shares. Got to deal with the perpetual discount to NAV.
russman
23/4/2019
15:30
The Board announces an interim dividend of 0.95p per share (2018, 0.95p) to be paid on 3rd June 2019 to shareholders on the register at the close of business on 10th May 2019.
spob
23/4/2019
15:28
In accordance with our normal practice, there has been no revaluation of our investment properties at the end of the half year. If a half year revaluation had taken place, we believe that there would have been an uplift in the valuation, which would have had a material effect on the headline figures.
spob
19/4/2019
06:53
Maybe worth increasing the buyback program while the discount persists. Quite illiquid so may have to buy a lump off a retiring family member.
russman
24/1/2019
13:59
There is a possibility that Simon Thompsom may include these in his annual Bargain Shares portfoilio. (published in early February) Which could see the shares jump 30% in one day. Not that I would be selling on the back of that.
spob
24/1/2019
13:25
Yes it is a deep value stock, trading well below NCAV they are profitable, paying dividends and buying back shares I would be happy for them to stop paying dividends completely and just buy back more shares, given the excessive discount to NCAV
spob
24/1/2019
12:50
This one has been tipped by Glen Arnold.
hiraniha
25/10/2018
16:27
Looking at it the other way, maybe a property market crash will take care of that discount?
arthur_lame_stocks
25/10/2018
16:10
A change at the top of the family probably required.....?? Resulting in a change of objectives and succession planning.....
timnorris
25/10/2018
15:57
Buy these and wait forever to realise any value, given the controlling interests. or they take it private. Construction companies have done this before: Tolent, Pochin's.
jonwig
25/10/2018
15:54
in the meantime, i'm happy to collect those dividends
spob
25/10/2018
15:52
time i guess if you fill your basket with lots of companies like this, eventually something good will happen
spob
25/10/2018
15:29
50% discount to NAV.....appears screaming value.....but whats going to close the gap?!
timnorris
25/10/2018
15:28
50% discount to NAV.....appears screaming value.....but whats going to close the gap?!
timnorris
25/10/2018
13:53
Final Results https://uk.advfn.com/p.php?pid=nmona&;article=78536432
spob
05/3/2018
10:47
Website - Https://www.jsmart.co.uk/company-information/ 108p Mcap £48.1m, Nos 44.5m 1 Year 5 Year
spob
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
Chat Pages: 3  2  1
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