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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
|
|
|---|---|---|---|---|
| 6.20 | 1.38% | 456.40 | 16:35:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 449.80 | 448.20 | 464.00 | 456.40 | 450.20 |
| 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 |
| 13/06/2019 | Final | GBP | 0.11 | 03/10/2019 | 04/10/2019 | 01/11/2019 |
| Top Posts |
|---|
Posted at 18/7/2024 09:27 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 27/6/2024 17:20 by pj fozzie Actually, I just got that wrong. Google Finance was giving me the wrong price for SMDS. I'm confused about what the current SMDS price is, if you look at the trades being reported on advfn, they don't seem to match the current bid/ask price.Hmm PJ |
Posted at 26/6/2024 23:14 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 20/5/2024 22:45 by jeffian #4691,I think it will remain discounted until there is more clarity. There are too many potential variations for the SMDS share price to correlate exactly to movements in the IP share price. 1) Is the IP price being inflated by the bid interest they themselves are receiving? 2) If IP did succumb to a bid themselves, would that scupper the deal with SMDS? 3) What would the SMDS share price look like if the deal does not go ahead? Until these questions are resolved and there is reasonable certainty that the deal as announced will go through, my guess is that it will remain well below the theoretical merger value. |
Posted at 17/5/2024 00:17 by pj fozzie Well based on the closing price of IP, SMDS shares should be £4.11With current price of SMDS at £3.694, that discount has grown to 41.4p so a potential 11.2% gain if you buy SMDS now and the gap closes. That's gotta stir some interest no? Cheers, PJ |
Posted at 10/5/2024 07:54 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 11:27 by tetleys dad A newbie to this investing lark so I hope I’ve done this correctly!There are ~ 1,818m shares combined for SMDS & MONDI. If these are split 46:54 in the new entity then 836m are SMDS and 982 Mondi. Dividing these proportions by the current split of shares (1,377m and 441m) gives the proportions 0.607 and 2.225. Divide these proportions by the lowest (0.607) gives a ratio of 1:3.663 which approximates to 4 SMDS shares to 15 (14.663) MNDI. If you gross these figures up then you get 272.98 SMDS shares and 1,000 for MNDI. Happy to be corrected! |
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...). |
Posted at 15/2/2024 13:08 by meanreverter Sun1950:Your guess looks about right to me. I don't think that SMDS holders would be happy with a deal resulting in a meaningfully lower dividend. Based on 2023 payouts, a 2-for-7 offer would cut the dividend per SMDS share by only a smidgeon: from 18p to 17.89p. As for my own modest holding in SMDS, I would refuse 1 for 4, think about 2 for 7, and accept 3 for 10. |
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