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

[kneecaps2] 20/11/2024 19:32

Smart shares look very cheap with net assets nearly 3 times the share price and a lot of money in the bank, no wonder the company are trying to buy back their shares in the market.

[russman] 20/11/2024 06:39

many headwinds but a fair year.

[russman] 03/10/2024 05:17

another small buyback.

[russman] 13/9/2024 04:20

crikey share price went down today on nil volume; basically share price is static.

[spob] 12/9/2024 10:06

I think they have to move the price sometimes, or the listing gets cancelled.

[russman] 12/9/2024 05:09

crikey share price went up today on small volume.

[russman] 01/8/2024 05:22

Labour Gov may be a positive for housebuilding.

[coolen] 10/1/2024 21:39

No reason for Stewart Milne's accounts to have been made public, but dig deep and I see that their "boast" of £16m profits at their last year end (October 2022) was only after accounting for asset sales. Their operating results were a huge loss of -£34 million. Even that excluded £7million of interest charges. No wonder on Page 14, within the auditors report, the comment "material uncertainty" appeared.

In conclusion, the monthly Management Accounts at Stewart Milne since as far back October 2022 must have littered with more red flags than Red Square on May Day. I wonder what, if anything, Smarts suspected?

[russman] 09/1/2024 06:37

Stewart Milne demise is a sign of the times.

[russman] 17/11/2023 17:17

annual figures as expected.

[arthur_lame_stocks] 23/10/2023 19:51

I've watched this company for at least 15 years and it's about time the discount between price and tangible net assets was narrowed.

[russman] 23/10/2023 19:24

Building will be loss making but large net cash to tide them over.

[1c3479z] 23/10/2023 10:18

must be cheap at the price, 129 to buy, given the assets, relatively strong balance sheet, trouble is there are many others standing at similar discounts.

[russman] 18/10/2023 16:11

SP tanking for no apparent reason.

[1c3479z] 12/10/2023 11:52

bought their own shares back at 166-167 2 weeks ago, now the market is offering at 154.5. ought to be a bargain at the price, given the underlying assets?

[russman] 27/9/2023 16:18

still buying back even though interest rates have risen.

[russman] 17/5/2023 05:30

still buying back their shares, only small amounts

[russman] 21/4/2023 05:45

why has it kept a bank overdraft with all this cash lying about.

[russman] 28/1/2023 07:00

That is a lot of cash. Dont think buybacks will dent it.

[russman] 19/11/2022 03:19

500 plots stuck in planning.
Could be worse.

[c3479z] 18/11/2022 13:51

good results, net cash over 20m
divested 3 industrial estates in Jan 2022 just before the downturn in property so excellent management,
cautious outlook statement for the year ahead but on the face of it cheaply rated.

[russman] 10/10/2022 19:00

Cash of approx £39m at the interims.
A few speculative developments in the pipeline.
Could up the buyback or special divi with the finals.

[russman] 29/9/2022 16:24

still buying back their shares.

[c3479z] 19/4/2022 18:17

looks like they realised 6million profit on the business park sales but only a marginal rise in the dividend at the half year.