Share Name Share Symbol Market Type Share ISIN Share Description
Smith (ds) Plc LSE:SMDS London Ordinary Share GB0008220112 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00 -1.08% 274.30 3,943,244 12:19:24
Bid Price Offer Price High Price Low Price Open Price
274.20 274.40 281.20 271.60 274.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 7,241.00 378.00 20.40 13.4 3,765
Last Trade Time Trade Type Trade Size Trade Price Currency
12:19:20 O 1 274.40 GBX

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Date Time Title Posts
01/7/202210:29Smith (DS) PLC with Charts and News4,024
11/7/201820:15DS Smith - Smudger's on the rise71
03/11/200917:24Whats Happening !!!!!141
23/4/200918:51DS Smith - must be a sell.182
12/2/200215:21SMITH(DS)- whats up? something is cooking?18

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Smith (ds) Daily Update: Smith (ds) Plc is listed in the General Industrials sector of the London Stock Exchange with ticker SMDS. The last closing price for Smith (ds) was 277.30p.
Smith (ds) Plc has a 4 week average price of 271.60p and a 12 week average price of 271.60p.
The 1 year high share price is 465.70p while the 1 year low share price is currently 271.60p.
There are currently 1,372,412,313 shares in issue and the average daily traded volume is 5,627,719 shares. The market capitalisation of Smith (ds) Plc is £3,763,154,562.25.
jeffian: It's become the sort of share I used to invest in in the late 1990's when everyone was piling into 'dotcom' - Low PER/High Dividend yield. Downside is relatively limited, yield makes it painless to hold and the opportunities for capital gain via improved management performance or takeover are possible.
anhar: ...Have to wait a while for the dividend but increased to a total of 15p this year. Agreed SMDS does have more lengthy periods between declaration and payment of divis than most companies. But as an income investor and long term holder of the share, this delay doesn't matter because you receive two payments each year, whatever the dates, so you are in exactly the same position as a share which has a much shorter period between declartion and payment. It might matter only to a new investor who has to wait for the first divi to arrive but after the first year or so, it becomes irrelevant. Pretty good results today imo so I continue to hold for income. But, the 22 divi of 15.0p is still below the 19 figure of 16.2p, though a nice improvement on the 21 12.9p and a whole lot better than the 20 figure of 0.0p.
rik shaw: Solid results this morning with positive outlook hTtps:// Have to wait a while for the dividend but increased to a total of 15p this year.
jeffian: Well (subject to the terms, of course) I wouldn't object to an all-share deal. The problem here is not one of fundamentals, but of management. If Mondi's management could extract better performance from the business, then I'd be happy to remain a shareholder in an enlarged company. What with the growth of online purchasing, home deliveries, recycling and anti-plastic packaging, these guys should really be in the sweet spot at the moment and yet they seem to see nothing but problems and 'headwinds'. Give someone else a go!
km18: DS Smith Plc issued a Q3 trading statement a couple of weeks ago. The business is seeing continued momentum, trading is in-line with management expectations, the company is seeing good progress in profitability. Management expect mid single-digit percentage like-for-like volume growth for the year to 30 April 2022. Increased input costs are being fully offset by packaging price progression and volume growth, leverage is being reduced. Management sound positive, valuation is attractive with forward PE ratio under 10, the business is solid. The share price has been in a correction since September so lacks some positive momentum. All else looks pretty supportive of the investment case and the medium term outlook for the industry looks upbeat. BUY.... ...from WealthOracleAM
tnt99: I'll be buying if it drops to 3.50 price
sphere25: The update doesn't appear as bad as the recent price moves might suggest. The price has fallen a long way off recent highs with the market expecting bad news. In the current environment, it is always difficult to say whether bad news on the supply chain will inevitably follow. Unless you have intimate knowledge of every company, it is very difficult to establish which will come out relatively unscathed, which are resilient to a certain point (and what is that point? e.g. SMDS are resilient for now but how long do the supply chain issues last? Intraday price move is unconvincing too) and which are likely to warn in the near term. These issues were prevalent for a while before the market reacted (highlighted the likes of ULVR and RKT which sent signals in late July), but there was a peculiar lag, and then we have seen some enormous lurches down of late, not just SMDS, but the likes of LUCE, KETL, UPGS and XPD being a few. It is always different for long term folk who can sit through these things, but shorter term folk might want to adopt a more reactionary stance i.e. wait for the update before considering a move unless of course there are volume spikes or some other significant chart move that can be piggy backed on for a quick trade. More recently we have seen IGR come out with a whopper of a warning that resulted in downgrades to earnings around that 60% mark for two years, that in spite of the revenue forecasts being unchanged. Clearly they are not all of the same magnitude with MCB, ACRL and a minor 2% downgrade from RCN yesterday on the back of rising energy costs. But it just shows that warning's and cautionary statements continue to flow, which is a reflection of the tricky nature of the environment at the moment. These issues are going to take well into 2022 to unwind. Some big names in Europe have already come out this week to caution as such. Clearly the market looks forward and these issues will be in the price at some point. If a share has fallen substantially too, there will always be a point where larger buyers will sit and mop up to form a bottom and bounce point. We saw that with LUCE at 300p. There is always a bottoming process or price points to watch. SMDS clearly needs to hold that 370p mark, that is where the market has been coming in to buy. A break of 390p and the psychological 400p in particular would signal the market is comfortable looking past supply chain issues as well as any impact from interest rate rises. All imo DYOR
marktime1231: I was expecting to be disappointed but a 37% slump in pre-tax profits is terrible, in a year when demand for packaging has been at times exceptional. Not convinced it can be explained by covid, we have never needed so many boxes. Here is the rub ... "... higher costs and lower prices ..." The report is very difficult to unpick for the real reasons why things are so bad, everything described in a mixture of positives and negatives which fogs the brain. Management cherry-picking three or four numbers which look reasonable against a miserable overall performance, and ... same as last year, and the year before ... saying things have started well and look promising despite this that and the other. No wonder they did not reinstate 2020's dividends, all the benefit of the dribble of (they say excellent) cash flow has gone to debt reduction which is still above a 2.0 x ebidta target and which still represents an uncomfortable level of debt unless your revenues and profits are increasing. Which they are not. Should we question the price of the recent acquisitions and whether they are paying off, and how has it managed to get into such an ugly financial mess, does this all sound a bit like Carillion all over again? Not much point since that is now history. SMDS balance sheet still dominated by billions of intangible assets, a bit like Carillion. It is again manipulating year end cash position (Receivables £819M + Cash £813M versus Payables £1,849M) either by accelerating receipts or delaying bill payments at year end or using invoicing tricks like Carillion used to do. So, you could argue cash is really negative, and that the Net Debt position should be showing much worse than the declared -£1,795M. Note that £235M of borrowings are repayable in the current year. The reconciliation between making a profit for the year of £182M, and declaring free cash flow of £486M or net cash flow of £366M after dividends (there were none paid during the year), and reducing net debt by £306M needs someone brighter than me to unpick. But my feeling is that SMDS is in a fundamental balance sheet mess, no wonder they have been conducting going concern tests against whether they might breach loan covenants, and no wonder they are being speculated about as a takeover target. At the current rate of business performance I don't see how SMDS can repay debts due and pay dividends, not without a disposal or a major refinancing anyway. I will say that again. SMDS is not bust but from cash flow at this rate it cannot obviously afford its pending debt repayments and also pay a dividend this year. And yet it just breezily announced a final dividend to follow the interim, the sort of thing Carillion used to do. Eeeek! The reason SMDS did not pay any dividend last year is because it could not afford to. The (only) reason it could pay a dividend the year before was because of cash from the disposal of Plastics. It is not making enough money to repay its bankers and pay the handsome dividends we shareholders are used to. The question must be how can SMDS turn themselves in to a success story. Contrast these results and SKG which has twice the margin and managed to increase net profit through FY20 despite covid reducing volumes slightly. My conclusion is that SMDS is being out-competed in a market where there is too much competition, it is being squeezed and cannot raise prices to combat rising costs without fear of losing more business. It is at the mercy of its bankers. For those reasons I have sold up the speculative stake I took in my income ISA earlier this year when the prospects were for a renewed steady income. I have banked a little gain. And I am feeling much happier, even if the chances of this turning in to another Carillion are remote it would be awful to make the same mistake with eyes wide open. Good luck to those of you holding on for a miraculous turnaround in performance or for a suitor.
redartbmud: Is the Smds share price being manipulated by algos set up by the shorters?
cousin jack: SMDS share price since start of year is down by almost double the fall in rivals. I can't see a good reason for the difference, particularly as market indications are that product demand is not being unduly affected by Covid. Possibly the dividend cancellation has led to selling by holders who were holding as part of an income portfolio. Taking a medium term view I think it's reasonable to assume demand will not greatly change and the dividend will at some point be restored. I've been adding on recent down days but the chart indicates that there could be a decent move up soon.
Smith (ds) share price data is direct from the London Stock Exchange
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