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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Smith (ds) Plc | SMDS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.50 | 0.43% | 585.00 | 16:29:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 581.00 | 578.50 | 586.00 | 585.00 | 582.50 |
| Industry Sector |
|---|
| GENERAL INDUSTRIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 16/04/2024 | Final | GBP | 0.12 | 05/09/2024 | 06/09/2024 | 04/10/2024 |
| 07/12/2023 | Interim | GBP | 0.06 | 14/12/2023 | 15/12/2023 | 31/01/2024 |
| 22/06/2023 | Final | GBP | 0.12 | 07/09/2023 | 08/09/2023 | 03/10/2023 |
| 08/12/2022 | Interim | GBP | 0.06 | 15/12/2022 | 16/12/2022 | 31/01/2023 |
| 21/06/2022 | Final | GBP | 0.102 | 06/10/2022 | 07/10/2022 | 01/11/2022 |
| 08/12/2021 | Interim | GBP | 0.048 | 07/04/2022 | 08/04/2022 | 03/05/2022 |
| 22/06/2021 | Final | GBP | 0.081 | 07/10/2021 | 08/10/2021 | 01/11/2021 |
| 10/12/2020 | Interim | GBP | 0.04 | 08/04/2021 | 09/04/2021 | 04/05/2021 |
| Top Posts |
|---|
Posted at 29/11/2024 11:51 by rech My holding's unsheltered. When shares in SMDS are replaced by IPR, will that constitute a sale, with CGT implication? |
Posted at 28/11/2024 12:17 by jeffian I don't know, I'm afraid, Fozzie. In the Quanex case, which was also via a Court-sanctioned Scheme of Arrangement, the terms specifically included the promise to issue CDIs but when I queried with HL what we had actually received and whether it complied with the terms of the Scheme, they couldn't have been less interested. I am assuming we will get caught by US withholding tax but the dividend is pretty small anyway so not a huge issue. |
Posted at 06/11/2024 12:30 by jeffian Because in an all-share offer, the "bid price" is actually a moveable feast based on the value of the acquirer's shares. In this case, IP shares have had a strong run after an "ahead of expectations" Q3 trading update and today a bit of Trumpian euphoria, and the SMDS price is linked to that. |
Posted at 03/11/2024 11:28 by moorsie2 I see IP getting to 65 dollars by early Q2 due to strong progress in fixing underlying issues by new CEO never mind the cyclical tailwindThat would give a 20-25% uplift to Smds prices from here... |
Posted at 04/10/2024 13:09 by moorsie2 Dividend day today and formal approvals by courts and shareholders next week on 7th and 11th October.A few days after that Smds ceases to exist and we all become share owners in IP |
Posted at 18/7/2024 08:27 by moorsie2 Ygor I agreeThe US paper and packaging cycle is in our favour and for that reason I am very happy to hold knowing that the share price in 2025 will be highly likely higher than this level... Add in the smds dividend and no one is getting my shares |
Posted at 26/6/2024 22:14 by pj fozzie Well the gap didn't close today. IP's share price is a smidgen up SMDS's price is down. Based on current IP price and USD exchange rate, SMDS takeover value is £4.74 almost exactly a pound above the current SMDS price.If you think the IP takeover is a dead cert, then it's time to bag a bargain! Cheers, PJ |
Posted at 10/5/2024 06:54 by alotto You won't get any more shares in IP regardless of what you pay, that's true.However IP and SMDS share price should reflect a common valuation of the merged entity. If you want a stake in the merged company you should buy SMDS rather than IP. That's because SMDS is cheaper. The merger will eventually "equalise" the valuations. Where that valuation will sit is yet to be seen. Either SMDS is undervalued and IP fairly priced or vice versa. It may well be both companies could be overvalued, or both undervalued! But at the moment there is a upward force on SMDS and a downward force on IP, simply based on valuation, assuming the merger will go ahead. Of course that ignores the potential of a no deal in the event IP receives and accepts a cash offer. That is why IP has a higher valuation. |
Posted at 15/3/2024 16:06 by taster Expanding a bit on m-rev, with currently 441.41m Mondi in issue, Mondi would issue an additional 46/54 * 441.41m so approx 376.02m Mondi to give to current SMDS shareholders in return for the SMDS stock. With 1377.4m SMDS issued, this means 376.02/1377.4, approx 0.273 Mondi per SMDS share...with Mondi price they used at announcement of 1381 the offer would be equivalent to 377....so as m-rev says maybe they rounded for the announcement or I wonder if there is something on the cap table which slightly alters the shares in issue should a transaction take place....anyway for now between friends, the theoretical price of SMDS = Mondi price * 0.273 and the difference between this and the actual SMDS price reflects the risks of the deal not closing etc. |
Posted at 11/3/2024 08:57 by meanreverter There are 441,412,530 Mondi and 1,377,451,807 SMDS shares in issue. If the 46:54 ratio is accurate, then SMDS shareholders will get 273 Mondi shares per 1000 SMDS shares held. If the calculation is based on the Mondi reference share price of 1381p and corresponding claimed 373p valuation of SMDS by the offer, then SMDS shareholders would get a bit less: namely 270 Mondi per 1000 SMDS.Traditionally, share-swap offers are not presented in such decimal form but rather as simple fractions. Thus, we might expect a 3-for-11 (0.2727...) offer, based on the 46:54 ratio. The 373p calculation doesn't match any simple fraction closely. The nearest I can find is the slightly awkward 7 for 26 (0.2692...). |
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