Smith (ds) Share Discussion Threads

[mike740] 31/7/2015 15:01

SMDS Broker Buys and fundies..... forward P/E of just over 15 for 2016 looks far too cheap historicaly to me.


Smith (DS) PLC

FORECASTS


2016 2017
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Davy Stockbrokers
30-07-15 None 26.00 12.00 26.00 13.00
Canaccord Genuity Ltd
25-06-15 BUY 309.00 25.00 12.10 333.00 26.90 13.30
Investec Securities [R]
15-06-15 BUY 315.50 25.63 12.00 346.30 28.07 12.50
Westhouse Securities
18-12-14 BUY

2016 2017
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 338.02 27.34 12.91
1 Month Change -0.27 0.05 0.00
3 Month Change -5.05 -0.47 -0.06

GROWTH
2015 (A) 2016 (E) 2017 (E)
Norm. EPS 13.64% 27.49% 5.67%
DPS 25.00% 20.36% 7.24%

INVESTMENT RATIOS
2015 (A) 2016 (E) 2017 (E)

EBITDA £442.00m £491.98m £511.18m
EBIT £279.00m £308.53m £322.95m
Dividend Yield 2.54% 3.06% 3.28%
Dividend Cover 2.03x 2.15x 2.12x
PER 19.37x 15.19x 14.38x
PEG 1.42f 0.55f 2.54f
Net Asset Value PS 17.11p 119.02p 126.55p

[mike740] 31/7/2015 13:20

SMDS Smith (DS) PLC

In a lovely uptrend channel with momentum behind it. RSI in a neutral position with plenty upside left. Technical target share price 460p initially. share price riding above short term moving averages.

[manonph] 29/7/2015 21:26

On the way to 450p then

[philanderer] 20/7/2015 13:16

20 Jul 15

Investec resumes coverage with 'buy' and 450p target

[kirkie001] 13/7/2015 15:18

...and now in the rear-view mirror! ;)

[philanderer] 01/7/2015 12:44

400p within touching distance ;-)

[philanderer] 26/6/2015 08:18

Jefferies reiterates 'buy' , raises tp from 410p to 435p

[philanderer] 25/6/2015 20:18

DTelegraph:

DS Smith

390.5p+14.5p

Questor says BUY





DS Smith joined Petrofrac, jumping 14.5p, or 3.8pc, to 390.5p, as it agreed to buy Spanish company Grupo Lantero’s corrugated products business for €190m. Analysts at JPMorgan Cazenove said the acquisition will strengthen the group’s position in Spain and take its market share to around 10pc. DS Smith also reported a fall in full-year revenue of 5pc to £3.82bn, which they attributed to the impact of a weaker euro.

[zapa] 25/6/2015 10:13

it's also between Greekislander and Kirkieoo1.

[kirkie001] 25/6/2015 10:04

Both of today's RNSs (results, and acquisition) are in the header, in the News section, above.

[greek islander] 25/6/2015 09:30

Can someone please publish here
the most recent RNS as I seem unable to get it.

[philanderer] 25/6/2015 09:08

That was well received :-)

[deanforester] 17/6/2015 17:49

SMDS seems to be holding up pretty well. They are now my heaviest share.

[dr_smith] 27/5/2015 17:19

Zapa - Interesting link.
I note they employ ghosts - unlike the building, they cast no shadow!
Spooky.
I guess that's why it's virtual reality. ;-)

[zapa] 26/5/2015 13:03

So much for my 'tactics'.lol

[philanderer] 26/5/2015 12:32

Goldman re initiates with neutral, 380p target

[mirandaj] 14/5/2015 17:29

There is a review of the European Packaging sector on Hargreaves website today...



The bit about SMDS:



Strong track record

Another company with a strong track record is DS Smith, which Shares added as a Play of the Week on 16 April. The group, whose business spans corrugated packaging, recycling, paper and plastics, grew its margins from 9.8% in 2013 to 10.7% in 2014 while ROCE increased from 10.3% to 13.4%. DS Smith is expected to complete its acquisition of Duropack in June, which will be immediately accretive to earnings per share and expand its presence in South Eastern Europe, a region that has seen relatively high GDP growth compared with the rest of Europe.

Investec forecasts profit before tax to increase by 16% in the year ended 30 April 2015 to £296.3 million and by 6% to £315.5 million in 2016. DS Smith is expected to be strongly cash generative over the next two to three years and a significant proportion of this will be spent on capex and acquisitions, which should yield good returns and create value for shareholders. Its PE ratio is a reasonable 14.4 and it has a target price of 410p, implying 12% upside.

[philanderer] 13/5/2015 20:40

Very welcome zapa :-)


Telegraph market report:

"...Mondi, up 116p, or 8.9pc, at £14.14, led the risers in the FTSE 100, bolstered by first quarter operating profits which surged 29pc. Advanced sales volumes and declining input costs – aided by the stronger US dollar against the euro – helped Europe’s largest producer of packaging paper and industrial bags report an operating profit of $266m. Meanwhile, UBS and Jeffries lifted their price target for the Johannesburg-based company.

"Buoyed by Mondi’s impressive results, its peers DS Smith and Smurfit Kappa also enjoyed gains of 3.5pc and 1.6pc respectively"

[zapa] 13/5/2015 12:19

'For once shrugging off worries about Greece’s finances....'

Still in the background I guess.I have funds but will wait a bit re Greece.

Thanks philanderer for the updates.

[philanderer] 13/5/2015 11:53

Leading shares have bounced back after two days of decline, helped by positive growth figures from the five biggest members of the eurozone.

For once shrugging off worries about Greece’s finances, the FTSE 100 has added 53.01 points to 6986.81 as Germany, France, Italy, the Netherlands and Spain all reported GDP growth in the first three months of the year.


Guardian

[philanderer] 06/5/2015 09:10

JP Morgan reiterates 'overweight' .. target 390p up from 380p

[philanderer] 30/4/2015 20:12

....Finally, in Dublin, paper and packaging giant Smurfit Kappa climbed 65½ cents to €27.35½ amid renewed hopes it will receive a bid from American rival International Paper. Traders were excited by comments from Mark Sutton, the boss of the US company, who said it remained on the hunt for deals.

Telegraph.

[philanderer] 24/4/2015 13:30

German business confidence is at its highest in almost a year, says the widely-watched IFO survey. Its business climate index, which questions 7,000 firms, was at 108.6 in April, after 107.9 in March.


BBC