Smith (ds) Share Discussion Threads

[alotto] 22/5/2024 16:28

I believe so, but who knows what's happening behind the scene!

[buyzantium] 22/5/2024 16:09

Should this strong move today perhaps indicate the market's recognition that the present threat by Suzano to undermine the present arrangements between DS Smith and International Paper will be withdrawn?

[alotto] 22/5/2024 07:35

I took my profits too at 400p (or just below that level) and I was back in at 355 (with a smaller hold).
The probability that the merger materialises is considerable. I don't think IP would accept an offer for a fistful of dollars more, nor I think Suzano can afford to pay much more than 15 billions dollars.
Current price is worth the hold considering that the dividend is quite thick and healthy.
There are always better opportunities elsewhere but I think this one is worth considering.

[laurence llewelyn binliner] 22/5/2024 07:13

#1Knocker, also booked my profits at c400 pence, an interesting watch for sure as the takeover plays out, but there have been many opportunities to pursue with the funds while this is pegged to IP now..GLA holders during the MnA..

[1knocker] 22/5/2024 00:49

I can't see why anyone hangs on in SMDS, a hostage to events, while opportunities elsewhere pass them by.
I continue to keep an eye on the board in case the takeover collapses, when I would buy back into SMDS at 315 or under.
In the meantime, I am very glad to have sold.

[alotto] 21/5/2024 21:19

International Paper keeps climbing

[jeffian] 20/5/2024 22:45

#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.

[dssmith51] 20/5/2024 22:12

alloto I purchased shares in DSSmith yearly £3,000 over 6 or 7 years in the mid 1980’s onwards. They are in a shares ISA. I’d like to get out with a profit now.

[alotto] 20/5/2024 20:50

DSSmith51 by your name I can tell you really are into this stock.

[dssmith51] 20/5/2024 20:03

In the event IP received a bid, how will it affect DS Smith share price? It clearly would complicate matters. I know it’s rumours and nothing may come of it.

[alotto] 20/5/2024 18:49

IP keeps rising. It's matter of time before SMDS retraces to 415p (maybe more considering today's share price)

[moorsie2] 17/5/2024 08:14

There will be some speculation in IPs price re a potential offer.

Also there will be an element of value investors seeing it is a good time to get in due to its cyclicality and highlighted by the speculative potential approach

SMDS will be well over 4 pounds in Q3

[nightspot] 17/5/2024 01:47

The clouds from Brazil haven't blown away....yet!

[pj fozzie] 17/5/2024 00:17

Well based on the closing price of IP, SMDS shares should be £4.11

With 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

[alotto] 16/5/2024 21:50

The market doesn't make sense sometimes (most times it is right though).Thats why some people get rich and some go broke.

[dssmith51] 16/5/2024 20:54

Can anyone explain to me why DS Smith has not shared have not risen in line with International Paper which is close the highest they’ve been in the past 6 months

[moorsie2] 16/5/2024 18:00

IP powering on

[alotto] 16/5/2024 07:20

Thanks jeff

[jeffian] 15/5/2024 17:28

Indeed. It's 'conditional' at the moment but when the conditions are satisfied, it will be put to shareholders (it's a recommended bid so likely to go through) after which they will apply to the Courts to sanction the share swap. You will be told the more precise timescale when/if the conditions are all satisfied and the bid goes 'unconditional'.

[alotto] 15/5/2024 17:04

A decision has to be made before the combination becomes effective though

[jeffian] 15/5/2024 16:30

"The Combination is expected to become Effective in the fourth quarter of 2024,..."

[alotto] 15/5/2024 15:58

International Paper is back to where it was at the time it made an offer to SMDS. Does anyone know if/when the deal will be confirmed?

[moorsie2] 15/5/2024 15:11

Naturalement :)

[aimloser1] 15/5/2024 14:17

Unless the deal falls through bien sur