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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Smiths Group Plc | SMIN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.00 | 0.18% | 1,699.00 | 12:06:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,687.00 | 1,687.00 | 1,708.00 | 1,696.00 |
| Industry Sector |
|---|
| GENERAL INDUSTRIALS |
| Top Posts |
|---|
Posted at 24/9/2024 21:07 by philanderer Investors Chronicle…..#Smiths Group results: Could the share price sell-off present an opportunity?# HOLD |
Posted at 26/3/2024 19:12 by philanderer Investors Chronicle..Smiths Group announces record orders and a change at the helm BUY |
Posted at 26/9/2023 21:14 by philanderer Investors ChronicleBUY |
Posted at 25/3/2023 00:22 by philanderer Investors Chronicle:'Smiths focused on organic growth' ....A forward rating of 19 times adjusted earnings places the group mid table in terms of peer rankings. But we think the Goldman Sachs' appraisal is accurate, so the asking price isn’t unrealistic. Buy. article: |
Posted at 23/11/2021 00:27 by philanderer The new CEO of engineer Smiths (SMIN) Paul Keel has defended the company’s conglomerate structure, following plans by General Electric and Toshiba to break-up their diversified structures to extract better shareholder value.For the time being investors seem fairly relaxed about Smiths, with the shares bid up 0.5% to £15.03 by the close. Shares Magazine |
Posted at 28/9/2021 17:31 by philanderer Investors Chronicle :Smiths well poised for renewed opportunities Following restructuring measures, the group is in better trim to take advantage of a bounce-back in its end-markets. The localised nature of Smiths’ supply chain arrangements means that it is not being unduly affected by the unholy trinity of semiconductor, energy and logistics issues. And the improved efficiencies are also reflected in a 125 per cent cash conversion rate, which fed through to decreased borrowings and a 40 per cent hike in free cashflow to £383m. Performance remains chequered across the group’s business segments, but continued working capital discipline helped to boost ROCE by 140-basis points to 13.2 per cent. Market challenges notwithstanding, a forward rating of 14 times Investec’s adjusted earnings forecast is not overly demanding, particularly given a prospective dividend yield of nearly 3 per cent. Buy. full article: |
Posted at 08/8/2018 06:47 by broadwood Smiths Group, the FTSE-100 industrial conglomerate, is close to calling off talks with a rival about a £7bn merger that would have created a transatlantic healthcare giant.Sky News has learnt that Smiths is leaning towards a decision to halt negotiations with Nasdaq-listed ICU Medical about a tie-up more than two months after they got underway. A final decision has yet to be made by Smiths' chief executive, Andy Reynolds Smith, and a person close to the British company insisted on Tuesday night that any change in its position would be announced immediately to the London Stock Exchange. Banking sources said that news of the talks between Smiths and ICU, which were confirmed after Sky News revealed them in May, had prompted Baxter International, another US healthcare company, to express an interest in buying Smiths Medical outright. It was unclear whether any live talks were still taking place between Smiths and Baxter or any other potential suitors. News of the discussions was welcomed by Smiths investors in May amid hopes that the company was close to unlocking part of the value bound up in its conglomerate structure. Since then, both Smiths and ICU are said to have tabled a string of proposals about how a combination could work, with varying degrees of governance and management control being held by the two parties. ICU, which makes devices used in infusion therapy and oncology, is thought to have been keen on a formal merger of the businesses rather than a more straightforward joint venture. The Nasdaq-listed ICU has a market value of $6bn (£4.6bn), while Smiths Medical was likely to have been valued at more than £2.5bn (£1.9bn) in a transaction. The US-based company has a long track record of takeovers including the $900m purchase completed last year of Pfizer's Hospira Infusion Systems arm. Smiths Medical, which also supplies advanced devices to healthcare markets around the world, accounts for just under 30% of the group's revenues, making it the company's largest unit on that basis. Its performance has been rocky in recent years, with revenue in the half-year to January down 5% to £451m. Last month, Smiths Group shares tumbled after the company said that changes to European Union rules on medical devices would hurt sales from 2020. The company said this year that it was making "significant progress on its return to growth" in the medical arena but cautioned that higher research and development costs were having an impact on short-term profitability. Smiths also operates in areas such as security detection, making much of the body-scanning equipment used at airports around the world. In total, it has five main divisions, which also include John Crane, a provider of engineering solutions for energy and other process industries. The company's structure has long been a source of consternation for some investors and analysts, although talk of a takeover or break-up has never resulted in significant corporate activity. In recent months there has been growing talk among City investors that Smiths is likely to attract the attention of an activist investor keen on pressing more aggressively for a break-up, although its shares have generally performed strongly in recent months and are up modestly over the last year. Such activism has become increasingly common in the UK, with companies including FirstGroup, the transport operator, drug-maker Shire and Costa Coffee-owner Whitbread all the subject of current campaigns. Mr Reynolds Smith, who joined the company in 2015 from GKN, the engineering firm which has just been bought by Melrose Industries, is under pressure to demonstrate that its existing structure continues to deliver benefits to shareholders. |
Posted at 18/8/2017 15:56 by philanderer Industrial technology firm Smiths Group has spent most of the past year offloading different businesses but the rumour doing the rounds in the City today was it could soon change tack.On a quiet Friday, the hearsay was that the FTSE 100 company has its eye on Accelerate Diagnostics, a little-known US medical technology firm worth $1.3 billion (£1 billion) on Nasdaq. The Arizona-based company is working towards commercialising technology which helps to diagnose infectious diseases sooner. Its shares rose 5% yesterday against a falling market with trading volumes much higher than normal. Although Smiths’ name is in the frame for a potential tilt, larger US groups have a head-start on it, sources said. Frontrunners for Accelerate are said to be Thermo Fisher Scientific and Boston Scientific — both are much larger and have far more firepower than Smiths, whose operations range from energy services to specialist medical devices. It has sold several non-core business over the past year to buoy the balance sheet. After recent falls, Accelerate’s shares are now changing hands for only $23 a pop. Gossips said Accelerate and its directors, who control a large chunk of the company, would hold out for at least $35 a share. Smiths and Accelerate said they do not comment on speculation. Shares in Smiths were down 10.15p to 1553p, tracking UK stocks lower as investors digested the Barcelona terror attack and the increasingly chaotic nature of Donald Trump’s presidency. London Ev Standard |
Posted at 24/3/2017 20:40 by philanderer As Smiths Group updates the market Graham Spooner, our investment research analyst, explains what it could mean for investors:Smiths Group reported increase in profits and revenues and stuck to its full-year outlook boosted by growth in its detection unit The group’s new strategy announced last September is being implemented and aims to increase competitiveness and outperformance in its markets. We recommend Smiths Group as a ‘buy’ for medium risk investors seeking a balanced return |
Posted at 24/3/2017 20:36 by philanderer Telegraph market report:.....Elsewhere, forecast-beating half-year results lifted engineering firm Smiths to the top of the leaderboard, up 45p to £16.01. Operating profit rose 27pc to £277m boosted by cost cuts and growth in its detection unit. The group also maintained its full-year outlook. Following the upbeat results, Credit Suisse increased its price target from £16 to £17.40, adding its investment case “remains attractive”. |
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