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SMDS Smith (ds) Plc

579.50
5.00 (0.87%)
Last Updated: 08:17:45
Delayed by 15 minutes
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
  5.00 0.87% 579.50 114,263 08:17:45
Bid Price Offer Price High Price Low Price Open Price
578.00 579.00 580.50 576.50 580.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Corrugated & Solid Fiber Box 6.82B 385M 0.2789 20.60 7.93B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:17:25 O 641 580.00 GBX

Smith (ds) (SMDS) Latest News

Smith (ds) (SMDS) Discussions and Chat

Smith (ds) Forums and Chat

Date Time Title Posts
20/11/202418:53Smith (DS) PLC with Charts and News4,843
07/9/202317:11DS Smith - Smudger's on the rise79
03/11/200917:24Whats Happening !!!!!141
23/4/200917:51DS Smith - must be a sell.182
12/2/200215:21SMITH(DS)- whats up? something is cooking?18

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Smith (ds) (SMDS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:17:25580.006413,717.80O
08:17:25579.506944,021.73AT
08:17:25579.504872,822.17AT
08:17:25580.00137794.60AT
08:17:25580.005042,923.20AT

Smith (ds) (SMDS) Top Chat Posts

Top Posts
Posted at 20/11/2024 08:20 by Smith (ds) Daily Update
Smith (ds) Plc is listed in the Corrugated & Solid Fiber Box sector of the London Stock Exchange with ticker SMDS. The last closing price for Smith (ds) was 574.50p.
Smith (ds) currently has 1,380,402,565 shares in issue. The market capitalisation of Smith (ds) is £7,909,706,697.
Smith (ds) has a price to earnings ratio (PE ratio) of 20.54.
This morning SMDS shares opened at -
Posted at 19/6/2024 17:16 by pj fozzie
The calculation for takeover price is dependant on two changing values: The IP share price and the £/$ exchange rate.

Right now IP = $46.25
And £1 = $1.27

Therefore the current IP share price in £ is 46.25 divided by 1.27 = £36.42

Since the takeover offer of DS Smith is 0.1285 IP shares for each DS Smith share,

Then the current takeover value of DS Smith is 36.42 x 0.1285 = £4.68

This is a 33% uplift on today's closing price.

If we knew the DS Smith takeover was gonna happen, then buying at this price would be a no brainer.

However there are two big risks:

1) The Suzano takeover of IP proceeds.

2) The Suzano takeover fails and the IP share price drops, because it's current price is simply being supported by takeover speculation.

Personally, I think number 2 is more likely - but I don't see a 25% drop in the IP share price, therefore I believe DS Smith is good value at the current price. If number 1 occurs, then I'm also happy, I was already a DS Smith holder before all this takeover stuff happened and the fundamentals haven't changed. I'm happy to hold and maybe add in the future. My investment philosophy tends to be buy and hold forever - living off the dividends.

Cheers,
PJ
Posted at 20/5/2024 21:45 by jeffian
#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.
Posted at 10/5/2024 06:54 by alotto
You won't get any more shares in IP regardless of what you pay, that's true.
However IP and SMDS share price should reflect a common valuation of the merged entity. If you want a stake in the merged company you should buy SMDS rather than IP. That's because SMDS is cheaper. The merger will eventually "equalise" the valuations. Where that valuation will sit is yet to be seen. Either SMDS is undervalued and IP fairly priced or vice versa. It may well be both companies could be overvalued, or both undervalued! But at the moment there is a upward force on SMDS and a downward force on IP, simply based on valuation, assuming the merger will go ahead. Of course that ignores the potential of a no deal in the event IP receives and accepts a cash offer. That is why IP has a higher valuation.
Posted at 19/4/2024 12:46 by alotto
SMDS share price will adjust whatever direction IP will take at the opening of the NYSE
Posted at 16/4/2024 17:43 by sharw
"So sale agreed at the equivalent of 415p". Kirkie01

Well, actually it pays to read it all-
"The terms of the Combination value each DS Smith Share at 415 pence
per share based on the closing International Paper share price of $40.85 and
£/US$ exchange rate of 1.2645 on 25 March 2024".

At the moment the IP share price is $36.0 and the exchange rate 1.24 so I make that a value of 373p per SMDS share. Hence the SMDS price in the 390s assumes either a counterbid from Mondi or a revival in the price of IP.
Posted at 31/3/2024 13:02 by anhar
MC: ...My wife suggested that when I sell I no longer check SMDS share price but I said by doing that I fail to learn from the experience...

I agree with your wife, never look back in this situation, you'll learn nothing or even something misleading because as Binliner says, there's no right or wrong here with either an early sale of SMDS or hanging on for a higher price. More a question of your risk appetite, the "bird in the hand" argument.

Having been here many times in an all share bid where I don't want the bidder's paper, the only thing I've learned is as I said, there's no hurry so I always hang on for a while in case a higher bid arrives. If it doesn't you probably haven't lost anything by selling a bit later, particularly with an agreed bid where failure to complete is very unlikely.
Posted at 29/3/2024 18:14 by yump
“My wife suggested that when I sell I no longer check SMDS share price but I said by doing that I fail to learn from the experience.”

That’s a tricky one! Very difficult not to rationalise a decision when things get better or worse. I suppose the discipline is probably to write down why you bought or sold and then see whether you missed anything obvious. Otherwise you can trick yourself into being right or wrong, for the wrong reasons. Confused?: you will be…
Posted at 29/3/2024 12:24 by mcunliffe1
anhar: I really do hope for your sake and the other holders that the share price does indeed rise further.

This will not cause me any concern having sold. My wife suggested that when I sell I no longer check SMDS share price but I said by doing that I fail to learn from the experience.

I accept you have greater experience in these matters; I might have been more tempted to hold had you posted early yesterday :-)

Time will tell, as ever.
Posted at 02/3/2024 13:00 by elsa7878
"What to make of the 25 RNSs released Friday afternoon by both Mondi and DS Smith? Looks to me like just about all the major institutional investors have sold their holding in SMDS? I am not experienced in scenarios like this. What do the more experienced shareholders here think about all those RNSs? If there's no bid, Mondi would dump those shares into the market and SMDS share price would be back to 280p or lower before you know it."

Please take a deep breath.
We've been through this already.
Mondi have not been buying.
Institutional investors are making notifications of small changes in their shareholdings. As I explained one was for 13,000 shares, another 30,000 shares etc. Nobody has sold all of their shares or even close to. Click on the name of any of the shareholders. Scroll through the RNS's and compare their recent shareholding notification to the previous time that they noticed et voila you can see if they have bought or sold. In almost all instances it is for a very small amount of their total shareholding.
Posted at 02/3/2024 12:40 by cruelladeville
What to make of the 25 RNSs released Friday afternoon by both Mondi and DS Smith? Looks to me like just about all the major institutional investors have sold their holding in SMDS? I am not experienced in scenarios like this. What do the more experienced shareholders here think about all those RNSs? If there's no bid, Mondi would dump those shares into the market and SMDS share price would be back to 280p or lower before you know it.
Smith (ds) share price data is direct from the London Stock Exchange

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