Smiths Share Discussion Threads

[jl202] 01/11/2001 11:41

chart still cracking

[jl202] 01/11/2001 11:39

The chart is looking interesting

[flip8] 27/9/2001 17:45

One of the few sectors with potential in these troubled times ?

The developement of the bio-detection systems by Smiths must be a major priority now surely. But does anyone have any further info on it, such as accuracy, competitors and the developement timetable?

[ingrid] 11/1/2001 00:57

see citywire - they say company maybe ready to announce say of automotive business, ing.

[alcide] 11/1/2001 00:48

Big fall today and shares suspended. Anyone know why?

[chrisg] 10/1/2001 18:48

wanabee

The fall may or may not have been overdone, but I think for a short while at least, it will be a confidence issue.

Smiths made great play a while back about its military aerospace business taking up the slack in their civil orderbook. Now the BAE thing will cast at least some doubt on that until matters are clarified, and with business turning down in the automotive side which is for sale, profits will be declining from that division until sale, and there will be a lower proceeds figure at the end. Today's comment in the statement about the lack of any guarantees about supplementary payments to former TI holders, rather suggests that the ultimate sale proceeds will be lower than previous minimum expectations.

We shall, of course, ultimately find out!

Regards

[wanabee] 10/1/2001 16:26

Chris,
I sold my holding upon entry into the FTSE, but may look to buy again tomorrow as i believe this fall has been overdone. Also will want to find out more about the sale.
regards.

[chrisg] 10/1/2001 14:00

Have a look at the RNS. They are going to get rather less than they thought for the sale of the automotive division they inherited with TI Group. I just rescued what remained of my profit!

Chris

[wanabee] 25/11/2000 09:17

Well, these are turning out to be a stella hold, up over a £1 in a short time.
One to hold in the tech sell-off. A matter of risk/reward, these were undervalued as opposed to techs that are still overvalued. As they say, stick to quality.

[danant] 16/11/2000 10:21

I understand a decision will be made tomorrow Friday 17th Nov. if smiths industries is to merge with TI. If the merger does go through they would qualify for FTSE 100 membership. Can anyone pass comment on what effect this will have on smiths share price if the merger is agreed and also if the merger is not agreed.

[wanabee] 26/10/2000 09:44

Turning out to be a stella buy in a troubled market.
Not to late.
regards.

[wanabee] 24/10/2000 10:16

TIs share price is now at a premium to the deal, looks like someone else is ready to pounce??????????

[crocodile] 24/10/2000 00:55

I agree it looks very good for a long position and I bought in this morning.
Many thanks
D
Where's the chart? :)

[wanabee] 24/10/2000 00:32

Short to medium term this looks like a winner
1. Will TI shareholders accept paper in Smiths shares now that they have fallen so far, maybe not. If the deal fell through, Smiths shares would get a re-rating.
2. If the planned merger does go through, the combined company would go into the FTSE100 which would mean that the Tracker/Institutions would need to get their weightings up in the stock.
3. Smiths Industries is a certainly in play for a takeover from an American sutor.

[wanabee] 23/10/2000 14:23

Asaspades,
Yes, the institutions have not seen this planned merger as a great deal for Smiths, hence the sliding share price. This deal has a strong possibility of NOT coming off. I believe Smiths share price will move north if the deal falls apart. One of my reasons for buying. If Smiths share price continued to fall, TI shareholders paper swap to Smiths shares would not be so attractive, which would be in their interests to say NO to the deal.
cheers.

[robbb] 23/10/2000 13:16

Chartwise they have also just bounced off a two year low which should provide limited risk on the downside.
Regards
Rob

[asaspades] 23/10/2000 13:12

Wanabee,

I understand reasons 2 and 3 but please could you explain why the shares would be re-rated, who by, and why the re-rated price would be higher. This suggests the merger is not viewed in a positive light. Many thanks.

Asa