Smith (ds) Share Discussion Threads

[laurence llewelyn binliner] 08/3/2024 08:39

Interesting, so where is the trade here, keep the SMDS shares already owned and buy MNDI on their drop, then hold them both through to the merger completes.. :o)

Enjoy the dividends of the combined entity going forward..

[spawny100] 08/3/2024 08:25

Ah yes thanks makes sense.

[spawny100] 08/3/2024 08:15

Strange I thought it would go straight up to much closer to 373.

[1tx] 07/3/2024 22:29

Whilst others,in particular International Paper,might be interested they are far more likely than Mondi to face competition issues from EU & other regulators due to overlap in businesses.I will probably hold & accept the offer at least for the bulk of my holding;it seems reasonable taking into account that I doubt if Mondi shareholders would allow more as their share price has also fallen.
A combined Mondi Smith business would be a strong operator.

[cardinal3] 07/3/2024 21:09

Adding cash in lieu of the final dividend could do the job. Year end is June so by the time this deal could be done we'll have had a full year's trading and shareholders should get the benefit.

[moorsie2] 07/3/2024 21:04

No other company can create the synergies that Mondi can with Smiths.

Hence why I do not expect a counter bidder

IP or PCA are waiting in the wings to pick up Mondi Smith in 2 years

[essentialinvestor] 07/3/2024 20:54

Mondi gets a kicking tomorrow?.

Best guess only.

[ygor705] 07/3/2024 20:49

The question in my mind now is whether the stated terms are sufficiently good from the DSS perspective for the deal to get done. The sector is consolidating internationally and I'm wondering if the announcement may shake out other interest. A higher offer from a US source perhaps? DSS has been such a dog performer over the years that somebody ought to be able to wring out a bit of shareholder value by way of outright acquisition.

[moorsie2] 07/3/2024 17:52

This is actually an excellently crafted deal.

The sectoral benefits of consolidation, the integration synergies and the cyclical pick up means both companies shareholders by the end of 2024 will be significantly better than the nominal values.

Also lots of runway for 2025 appreciation and reading for a transatlantic merger in 25/26

[alotto] 07/3/2024 17:51

It depends how many birds are in the bush, how far is the bush, how likely you will get the birds, what the interest rate is, etc.
Cit. Warren Buffet

[cruelladeville] 07/3/2024 17:38

On the basis of a bird in the hand etc.... Looking to sell tomorrow.

[alotto] 07/3/2024 17:27

Smith DS market cap today is about 42% of the market cap of Mondi + Smith combined. Smith is coming into the all share combination with a lower PE than Mondi (at least according to the PE stated on the Hargreaves and Lansdown website). If the valuation on the market is not changing, the Smith (DS) shareholders are actually seeing their shares trading at a higher premium, so exposed to more downside in unfavorable market conditions. Conversely Mondi is making itself cheaper, exposing themselves to upside. Mondi is not giving Smith (DS) a great deal. Bottom line, reject and carry on. Smith (DS) will eventually see its share price trading higher, 400p+.
The only positive is whether Smith DS can see its operations and market share improve thanks to the access to Mondi's assets and customer base.

[laurence llewelyn binliner] 07/3/2024 17:17

There we go, 373 pence and an extension up to 04.04.2023 to firm it up.. :o) (or not)..

[loss-leader] 07/3/2024 16:58

So the number is 373 LL

[moorsie2] 07/3/2024 15:03

It has actually stayed in a very narrow range from 8th Feb right upto pm on 7th March. I would read from that, nothing is leaking and some investors are just speculating bets

[ygor705] 07/3/2024 09:11

This situation is absolutely typical of the lousy management that shareholders have to put up with from their Executive. The mantra is "Don't tell your shareholders anything until you have to".

[moorsie2] 07/3/2024 08:40

5pm is the deadline. So most likely after close of trading day
Will be one of the following 3

Yes
No
Extension request

[cruelladeville] 07/3/2024 07:37

There doesn't need to be just yet.

[alotto] 07/3/2024 07:06

No RNs today?!

[elsa7878] 06/3/2024 16:41

The CEO just bought an £11 million house so he's done very nicely out of it.

I sold half today as made a few £. Think if it's off I would be surprised by under 290. Had been 280 and the sector is finally seeing some growth and pricing power on the basis of the conference call.

[moorsie2] 06/3/2024 15:53

Market is looking bearish to any positive deal news...

Some traders in the know?

[moorsie2] 06/3/2024 11:20

Thanks for clarifying the rules

[jeffian] 06/3/2024 10:25

#4424,
We may not find out tomorrow. If there's been no agreement at this stage there's every chance they'll ask the Takeover Panel for an extension. It would not be unusual.

[moorsie2] 06/3/2024 10:10

Fair point

But companies are run for shareholders and this executive and board have presided over a time where the company slipped up badly and underperformed.

Let's hope egos do not get in the way of Shareholder interests