Smiths Share Discussion Threads

[tibrahim] 09/9/2005 01:01

Still here since 2000 enjoying the divi & increase to over £9.5 hope it keeps going north.

[roodboy] 08/9/2005 16:28

still going strong - no one else interested ?

[roodboy] 15/8/2005 08:58

anyone here?

had a good ride up on these for the past year but looks like it might be time to take profit - any views?

[hectorp] 17/3/2005 07:55

LEX today: 'safe Bet'.

[bull baiter] 21/12/2004 11:16

Anybody any ideas why the recent rise over the last few days in particular.
Been in since May.

[grot999] 12/10/2004 08:14

Friday 8th Oct

Smiths Group PLC (LSE: SMIN.L - news - msgs) has also highlighted the impact of rising steel prices on its speciality engineering business, while others to flag-up the problem include BBA Group PLC, IMI PLC (LSE: IMI.L - news) and Wagon PLC (LSE: WAGN.L - news) .
'It's no secret that rising steel prices are an issue for us,' a GKN spokesman told AFX News today. 'It's affecting the whole industry,' he added.
Merrill Lynch reckons that while GKN's Driveline business is hedged against spot steel price increases through long-term contracts, it could still face a 25-26 mln stg cost burden in 2005.
GKN's powder metallurgy business could also face a negative profit impact of between 22-23 mln stg. Merrill believes it will be difficult for GKN to pass these increased costs onto the automotive market.
As a result, the US house this morning cut its 2004 and 2005 earnings estimates for the company and downgraded its investment recommendation from 'buy' to 'neutral'.
'While GKN shares still represent good value for the long-term, we think the shares will struggle to make material gains in the near-term,' the house said. Based on Merrill's new estimates, underlying pretax profits for 2004 --excluding the proceeds from the AugustaWestland sale will be some 6-7 pct lower. For 2005, the house has downgraded its estimate by 15-16 pct from 228 mln to 193 mln stg.
In the stock market, GKN shares fell 2-3/4 to 217-1/2 at 10.00 am, despite news of a 100 mln stg share buy-back programme this morning. Other stocks to weaken in the sector included Tomkins, Smiths Group, Wagon and IMI.
Apart from the threat of higher steel prices, manufacturers are also having to deal with higher fuel costs with electricity, gas and oil -- which peaked at 53 dlrs a barrel in New York yesterday -- adding to input costs.
For those with high levels of overseas earnings, the headwind of a weak dollar/sterling exchange rate only compounds the issue and analysts are concerned that these factors will culminate in a series of fresh profit alerts over the coming months.
'Although we expect a slight moderation in steel prices next year, we do not see much chance of a big drop in raw material prices,' said Merrill Lynch.

[grot999] 04/10/2004 14:11

where's it going ?

[m.t.glass] 19/12/2003 12:42

I wasn't short for very long, ag! Yesterday's candle pattern suggested a bounce today. Bounce duly came and looks like producing a 'bullish engulfing' pattern. Might just be a 3 day wonder or - as you say - could be the start of a solid reversal.

[ashtongray] 17/12/2003 21:09

Is there enough downside potential for a short? Even in March, c600 looked like the bottom, and it bounced back off that level smartish.

From a fundamentals point of view, I'm looking at it as a potential long even if it might take a little time. Some good deals for equipment on the new Boeing 7E7 might help!

[m.t.glass] 17/12/2003 18:09

I belatedly joined the shorters on this stock today.

[boweryboys] 26/9/2003 14:48

It will also severly damage Smith's reputation in the marketplace as a co that doesnt honour its deals!

[boweryboys] 26/9/2003 14:41

The boss leaked price sensitive information the the press re the agreement with MDY.
This is clearly a breach of UK law!


The could well face huge punitive damages as a result of this action as it has caused massive damage to MDY.

Also looks like their has been a breach of contract.

Watch this space!

[boweryboys] 26/9/2003 14:39

Could be at the butt end of a massive damages lawsuit from its illegal dissipation of price sensitive news to the press re MDY.

Watch this space!

[horsetr] 22/9/2003 21:56

We should find out on Wednesday the 24th Sept in Smith's results. MDY has been very quiet for a little to long now, so lets hope that it is announced on Wednesday!!!

[mattbott] 23/7/2003 09:42

Just wondering whether MDY, could become a takeover target (with the 495 M proceeds)with the futura syringe that they are selling?

Any thoughts would be appreciated?

[hazelton] 11/3/2003 19:56

Go long for a while ?

[bargain] 11/3/2003 18:29

And pray what are you going to do with said bottom LoL! ...

[hazelton] 10/3/2003 22:06

The pension problem - most topical , another threat.

[boram] 09/3/2003 16:49

Smiths Group, Interims are out on Thursday 13th.
Aerospace to medical device company Smiths Group reports on Thursday, with analysts predicting a lacklustre set of results for the first half. High on the list for analysts will also be news of a possible increase in its pension expenses.

[hazelton] 04/3/2003 19:47

I am guessing at £5.50 for a bottom - anyone ?

[iulia] 03/3/2003 12:28

Why did it go down to 572 on 27 Feb.? Concerted attack by shorters, panicked sellers or bad news in the coming? Any guesses?

[dunnmt] 14/2/2003 10:57

4.16% yield, growing company, why is going down today?