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Share Name Share Symbol Market Type Share ISIN Share Description
Smiths Group Plc LSE:SMIN London Ordinary Share GB00B1WY2338 ORD 37.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50 -0.18% 1,375.50 1,378.50 1,380.00 1,379.50 1,367.50 1,374.00 467,060 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 2,548.0 133.0 66.9 20.6 5,447

Smiths Share Discussion Threads

Showing 826 to 848 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
13/6/2007
21:36
Thanks for the info.Bromos. In that event looks like it will be worth holding on to the shares! Do you know who the main shareholders are?
ringer12
13/6/2007
06:08
Thanks for the info Bromos. I shall have a google.
james93
12/6/2007
10:07
James93 and Ringer FT suggests today "Talk that an activist investor is amassing a stake in Smiths Group" and Daily Express: "Smiths Group takes off on hopes of a break-up" This could explain the rise in part at least.
bromos
12/6/2007
08:10
I don't know. Up 3% at one point which is unusual for SMIN.
james93
11/6/2007
13:49
Agreed!. Why the uptick today?
ringer12
11/6/2007
09:24
Not a very active board this one.
james93
04/6/2007
10:39
Simon Cawkwell ( Evil Knievil) has gone long of SMIN hinting at possible corperate activity.
james93
17/5/2007
14:13
Wonder if we can clear 1100 today/this week. Unknown territory/blue sky after that. EDIT - not strictly true, hit 1139 back in Jan - that's where the blue sky starts
thamestrader
04/5/2007
10:12
not particularly inspiring http://www.market-insider.net/?p=2382
maiseymouse
31/1/2007
11:56
trading slightly above expectations but share price is down. perverse
the_profit
27/1/2007
10:13
sell signal on 24th Jan kicked in at 1071 - went short at this price - looking for 1035p target. http://www.rawmarketsignals.com/signals2.asp?repid=s123ss
plattsy
26/1/2007
13:40
At this rate we'll soon be back at £10?????
john3419
19/1/2007
23:12
....FT 19/01/07 Invensys, the controls and automation group, climbed 4.9 per cent to 291p on the view that several of its divisions could be attractive to the re-shaped Smiths Group......
hobby2
18/1/2007
09:27
Me neither - and still they're dropping. Would have been more profitaable to sell at 1120p.
john3419
16/1/2007
15:05
Everyone seems to think the two remaining businesses will now be sitting ducks - but in any case they are both seeing substantial growth and good margins.
broadwood
16/1/2007
14:13
There is a breakup value by division estimates by ABN Amro on the front page of todays Business Telegraph as follows:- Speciality Engineering £3.2bn - Medical 3.0bn - Detection - £2.2bn and Aerospace £2.44bn ($4.8bn before expenses). Say £0.8bn expenses ie £200m a shot x 4 if disposals staggered. Less debt say £1.0bn equals £9.04bn, shares in issue 570m gives £15.86 per share, what have I missed is there more debt somewhere. See how these guys get such huge bonuses, expenses on Aerospace sale £190m nearly 7.78%.
a0148009
16/1/2007
14:12
It's a slightly smaller band than it was, I sold out at 1140p. Why? (a) I reckon all this good news is "in the price" for now. (b) I also reckon price may drift in coming days (c) 1140 in the hand is worth 1200 in the bush (d) I couldn't resist bagging a healthy profit
thamestrader
15/1/2007
14:11
A34 - thanks you very much, very helpful summary. CNBC were suggesting SMIN had underperformed the market substantially over the past year and were under pressure to return value to shareholders. The Company said the deals are earnings accretive, improves existing average margins by 1.3%, capital efficient,cash generative, progressive divi policy. Company say they can finance bolt-on acquisition between £400 - 500m without going to shareholders and GE are an excellent partner in the Detection JV. Good to meet another Infotrade migrant not many of us left.
a0148009
15/1/2007
11:32
A34 - thanks for that. Very encouraging summary. Share price seems to be recovering towards its highs for today again.
broadwood
15/1/2007
10:59
Thought this might be of interest here. I hold a few of these and think I will hold. SMITHS GROUP (SMIN.L) - BUY - PRICE/TARGET : 985p/1171p - DISPOSAL OF AEROSPACE TO GE Substantial value realisation EVO TAKE - Today's announcement is the catalyst to unlocking the substantial value within the Smiths portfolio. On the price GE are paying for aerospace, 15.6x EBIT 7/07, our sum of the parts comes in at 1171p and we are upping our price target to this level from 1058p. There are two factors to consider - 1) the balance of Smiths which also includes the detection jv with GE will be doing EBIT of GBP419m on sales of GBP2470m, a margin of 17%, and underlying eps growth of at least 10%. On this basis, the stock can trade at 1170p plus which puts it on 16x. 2) the knock on effect for the aerospace and capital goods sectors in terms of these global niche value added stocks being vulnerable to consolidation - Cobham and Meggitt are the obvious stand outs but note also the value implications for GKN's aerospace business and Melrose as it sells McKechnie Aerospace. DETAILS - Smiths is selling its aerospace business to GE for $4.8bn which equates to £2.25bn after expenses. This is a huge price and compares to the £1.5bn we had in a fair value and we were already buyers. The 15.6x ebit multiple on 7/07 compares to Meggitt on 10.8x and Cobham on 12x. It also removes the area of greatest contention within the portfolio given the capitalised R&D debate, issues surrounding the US tanker programme, cost issues on 787, the broader theme of OE pressure on the supply chain etc. Some might argue that it is also selling some of the potential recovery but we believe that greater focus on medical, detection and engineering which can generate 10% eps + can stand the 16x multiple that today's announcement implies post the return. Smiths is going to return £2.1bn in the form of B shares which equates to 371p a share and the continuing dividend policy is described as progressive with cover at 1.8x. EPS rises to 77.7p from 71.8p for 7/08 and with the new dividend policy, the dividend will rise into the early 40s from the current 36.3p we are forecasting. Smiths is going to consolidate the the number of shares by the same percentage so reduce the number in issue by 37% to take it to 356m from 565m. VALUATION AND RECOMMENDATION - In terms of our sum of the parts, we now work through 1171p. This in reality understates the improvement in the quality of detection post today's announcement of the 64/36 Smiths GE jv and does not include the £150m benefit to debt. This could add as much as 70p to our target - the net debt drop adding 45p and detection 25p. 15x 7/08 for the balance of Smiths is not unreasonable and we maintain our buy recommendation
a3477681
15/1/2007
09:14
The Market seems to love the argument - so far. Watch and wait, I think.
broadwood
15/1/2007
09:13
I will wait and listen to the presentation at 9.30am and reaction to the press conference at 11.30am the deal on Detection with GE looks interesting and of course this is a well managed company with three good legs, and disposal might put other parts or all of the business in play.
a0148009
15/1/2007
09:04
Excellent action today. Need to decide whether to cash in now or to wait around for SMIN to "return value to shareholders" - and of course to grow the remaining business.
thamestrader
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
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