Smiths Share Discussion Threads

[penycae] 19/3/2014 13:57

Bought some this morning......

[redartbmud] 19/3/2014 13:45

Awful results from a poorly managed company.

Does anyone exist on this thread, or should it be RIP?


red

[philanderer] 31/10/2013 16:35

On my watchlist :-)

[momcilovic] 23/10/2013 21:00

No-one has posted here in a while. Anybody got any ideas how long they think it will take for the shares price to recover from this dividend? I'm tempted to buy because this will surely recover

[redartbmud] 30/8/2013 13:56

Linhur

Hear, hear, I endorse your sentiments.

red

[linhur] 30/8/2013 13:06

Seems as though the Board do not want any questions at the AGM. 9.30 meeting in solicitors offices down a back alley in the City! Bit different to a meeting at 2.30pm at Lords cricket ground.
Sooner we can change this expensive board who cannot seem to execute any proper disposals the better. I hope they have a better idea like demerging the divisions and letting local management manage their own areas. I suppose the debt and the pension deficit do not help, but the CEO was brought in to improve the situation and the shareholders do not appear to be any better off!

[philanderer] 17/7/2013 13:06

On the watchlist.

A profit warning from engineering firm Smiths Group has sent shares 3 per cent lower, down 36p to 1355p.

It said three troublesome contracts for airport and border scanners in its Smiths Detection business would wipe about £15million from operating profits.


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[ninja 19] 15/3/2013 21:30

Will this spike to 1400p on Monday?

They been doing well, so I do not believe disappoint on the eps front, but can they surprise us

[distorted vision] 10/3/2012 02:07

I'm wondering what everyone's feelings on what the Interim Results are going to be like next week?

[cockneyrebel] 07/3/2012 14:27

What a lovely dip I've sadded on today ahead of next week's results

CR

[cambium] 22/2/2012 21:17

Have a look at WSG, could be some synergies here

[cockneyrebel] 26/1/2012 07:44

*DJ Smiths Group Raised To Equalweight From Underweight By Morgan Stanley

[redartbmud] 25/1/2012 10:37

adonis

Nice picture, what does it mean?

[cockneyrebel] 20/1/2012 10:44

Quiet here.

A huge gap up to nearly £12 when these break out of this level imo.

CR

[gutsie] 05/8/2011 09:47

these guys must be killing themselves for not selling Medical when they had the chance. now it remains one of the most exposed FTSE companies to North America

[redartbmud] 29/6/2011 08:27

Interesting change of tack by the board.
Not so long ago they turned down a bid for part of the Group.
Is the sum of the parts greater than the whole?
Probably Yes.

[lloydc] 24/5/2011 07:12

23/05 16:51 - PRESS RELEASE: Smiths Detection Wins $30 Million Order for Enhanced Joint Chemical Agent Detectors
Latest order takes JCAD program total to more than $350 Million

EDGEWOOD, Md.--(BUSINESS WIRE)--May 23, 2011--
Smiths Detection has been awarded a $30 million order for the United States Department of Defense's Joint Chemical Agent Detector (JCAD) program.

The latest order for the enhanced M4A1 JCADs, which started delivery in April 2011, takes the total awarded to Smiths Detection to more than $350 million under the long-running JCAD program.

The M4A1 JCAD is based on Smiths Detection's LCD 3.3, an advanced, detect-to-warn device that protects troops or emergency responders by sampling the air for chemical warfare agents and toxic industrial chemicals. Weighing less than two pounds (0.65kg), it can be worn or carried by troops without obstructing their primary duties. This order represents the DoD's first significant order based on the new LCD 3.3. Previous awards were based on its predecessor, the LCD 3.2e.

Tim Picciotti, Vice President, Global Programs and USA Country Head for Smiths Detection, said: "This award for enhanced JCAD systems underscores Smiths Detection's continued global leadership in the development of chemical detection technologies. It's also a well-deserved win for our outstanding American manufacturing team and the work they are doing to continually enhance our technologies to better support and protect U.S. troops."

Smiths Detection recently expanded its Edgewood, MD facility partly to help meet demand from the U.S. military for the JCAD program. Smiths Detection's customers in the U.S. include the Department of Defense, homeland security authorities, customs and emergency responders. The Edgewood facility, which employs almost 250 people, is its main manufacturing plant for a range of threat detection systems for explosives, chemicals and biological warfare agents.

Its other main U.S. sites are in Connecticut, Massachusetts, New York, New Jersey, Rhode Island, Tennessee and Virginia. The company is part of the global Smiths Group which employs more than 9,000 people in the United States, its biggest market.

[lloydc] 20/5/2011 18:56

MARKET REPORT: Apax tipped for Smiths buyoutBy Geoff Foster

Last updated at 10:29 PM on 19th May 2011


Comments (1) Add to My Stories Share
Private equity vultures have been hovering above Smiths Group for months. The board in January rejected a £2.45billion bid approach from Apax for its medical devices business, saying the deal was not 'in the interests of shareholders'.

Four months later it warned that the second-half performance of its Detection business, which makes X-ray scanners used at airports and accounts for almost 20 per cent of sales, had fallen short of expectations due to continued delays in orders.

The shares plummeted 6 per cent in one nervy session and this increased speculation that Apax and 'friends' could launch a full-scale cash offer for the engineering and technology group.

Smiths Group's Detection business makes X-ray scanners used at airports
Rumours of a £7.8billion or £20 a share break-up bid certainly whetted punters' appetites yesterday and they chased the stock 38p higher to 1249.5p.

Ever since dealmaker Philip Bowman became group chief executive in September 2007, dealers have been expecting fireworks. He sold drinks giant Allied Domecq to Pernod Ricard for £7.65billion and whilst at Scottish Power agreed its sale to Spain's Iberdrola. Smiths Group would make a spectacular hat-trick.


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[the_profit] 09/2/2011 16:04

I am very puzzled by the Offer Rejection announcement in january. was there somethiing more to this? whoever it was (Apax?) has done an enormous favoour by effectively underwriting the price. or is it a phantom underwriting? note it was subject to "extensive due diligence and completion of financing" so no guarantee they would have gone ahead . also, companies get offers for their assets all the time so why announce this one?

[the_profit] 09/2/2011 15:02

Rumors about only last week that Detection hasnt been trading so well. But now we assume they will flog off Medical at some ridiculous price to a competitor who probably wont make any money on the deal for many years. Who is crazy enough to buy a business only growing at 3-5% at 3 X sales? Perhaps need their heads examined or should chill out for a few months when perhaps the price with be back to 1.5 X. Dont they know there has just been a credit crunch?

[the_profit] 09/2/2011 14:51

Looks like there are people around who nkow things here, makes you pretty angry.

[nellie1973] 18/1/2011 19:26

Tipped in press today

[the_profit] 18/1/2011 11:47

I am shocked at all the ballyhoo in the media. at £2.45bn, that may be 13.3 x operating profits, but on fully taxed basis its around 19 x earnings. this for a business only growing at 3-5% per annum ! see the presentation



Good luck to a competitor who wants to pay £3bn for medical - I suspect they will have to wait many many years to get a return on their investment, even after the synergies