Smith (ds) Share Discussion Threads

[moorsie2] 24/5/2024 15:01

At 45.70, smds would be worth 464p

A 25% discount

[moorsie2] 24/5/2024 15:00

The markets can stay irrational for longer than one can stay solvent...

[alotto] 24/5/2024 14:05

Crazy opening for IP $46 per share.. something must be going on here

[buyzantium] 24/5/2024 07:28

Sadly yes, the Suzano influence has yet to emerge or disappear. I must admit that I was surprised that an analyst's recommendation could have had such an effect to the share price but we shall see. Hopefully International Paper will honour their commitment to DS Smith and it's shareholders.

[moorsie2] 24/5/2024 07:05

I called that opening wrong!!!

Time to give up this game and take up something easier like brain surgery

[buyzantium] 24/5/2024 04:26

I am unable to find any mention by Philip Ng the Jefferies Analyst of the Suzano possible bid which is perhaps significant.

[buyzantium] 24/5/2024 04:16

New CEO Andy Silvernail is an agent of change," Philip Ng, analyst at Jefferies, said in a May 23 report that cited Silvernail's "strong track record" at Idex (IEX). "An area of focus will be on the commercial front, pivoting from going after volumes to maximizing value."Silvernail took over as CEO on May 1 after working at private-equity firm KKR (KKR) as an executive adviser. He also worked at Madison Industries, Rexnord Industries, Newell Rubbermaid and Danaher.The business cycle also is improving for International Paper (IP) as pricing improves and the company broadens its scale in Europe with the acquisition of DS Smith (OTCPK:DSSMY) (OTCPK:DITHF), according to Jefferies. International Paper (IP) last month announced the $9.9 billion deal, which the company expects to close by the fourth quarter.

[alotto] 24/5/2024 03:44

Moorsie I hope you're right

[moorsie2] 23/5/2024 21:14

We will get close to it tomorrow is my guess.

Over 45 dollars now in after tradecmarket

Suzano do not have the leverage to offer 50 for IP so they are now flushed out

So no obstacle to the deal going through

[alotto] 23/5/2024 20:08

Moorsie 446p... But when?

[moorsie2] 23/5/2024 19:48

At 44 dollars now close to market close then smds is worth 446p per share. This is an 18% discount so I expect that to close significantly upon markets opening in London tomorrow

At the buy target of 57 dollars smds shares are worth over 575p

[moorsie2] 23/5/2024 18:55

A timely help out by Jeffries to raise the IP share price and effectively kill off the ability of Suzano to acquire.

We all benefit however as holders of DSS. I expect this to move sharply now

[alotto] 23/5/2024 18:02

Shackles are off for international paper

[alotto] 23/5/2024 07:59

This is my speculative reasoning: Suzano share price is dropping like a stone. Not a good place to be in the midst of an acquisition. IP edges higher. It bodes well for the merger with SMDS. The market may rerate SMDS to 415p and higher.

[alotto] 22/5/2024 15:28

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

[buyzantium] 22/5/2024 15:09

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 06:35

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 06:13

#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] 21/5/2024 23:49

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 20:19

International Paper keeps climbing

[jeffian] 20/5/2024 21:45

#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 21:12

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.