Smiths News Share Discussion Threads

[professor x] 26/7/2012 21:25

Nice breakout on the chart:

[this_is_me] 26/7/2012 17:33

Too true, but let's just enjoy it, it may be only up a third since I bought but I am happy to hold at these prices for the long term.

[lord gnome] 26/7/2012 16:32

Sigh... if only it was always like this!

[markie7] 26/7/2012 16:18

marvellous

[jack ladd] 25/7/2012 07:55

Just back from shi shi gig in the New Forest, wild boar, mescaline + hours of sunshine - Hope you've been enjoying the rays :)

[edmundshaw] 24/7/2012 12:06

Cheers Alers.

Several buying opportunities on the market now. But I don't feel like selling any of these to pay for them! e.g. IRV nice contract today, no price movement at first, no volume. Had to dig behind the sofa...

[aleman] 24/7/2012 11:01

Peel Hunt HOLD 17 Jul 2012
2011 38.60 15.30 8.00 1,734.40
2012 44.77 18.16 8.80 1,804.11
2013 50.35 20.70 9.68 1,799.11

[aleman] 19/7/2012 12:36

N+1 Brewin BUY 17 Jul 2012
2011 38.60 15.30 8.00 1,734.40
2012 46.60 18.90 8.60 1,809.80
2013 50.80 20.60 9.30 1,823.50
2014 51.00 20.80 10.00 1,782.80

[this_is_me] 18/7/2012 11:21

Yes I was going on 2013 forecasts rather than 2011.

[skinny] 18/7/2012 09:28

@108 its yielding @7.6% - but I get your point :-)

[this_is_me] 18/7/2012 09:25

It is still yielding around 9% and growing revenue so it is still a great buy at these prices. I bought 4 lots last year below 90p, my largest holding, and am happy to keep[ for the long term. The price would have to get above £2 before I would be even tempted to sell.

[skinny] 18/7/2012 08:55

Yes - it looks like I've missed a re-entry atm.

[this_is_me] 18/7/2012 08:50

Looking like a re-rating.

[lord gnome] 16/7/2012 16:17

At current levels, bonds have nowhere to go but down. If just a little of any sell-off was to find its way into income shares we would have a good run on the market.

[aleman] 16/7/2012 15:55

High yield shares seem to be getting even stronger still. High yield have outperformed low yield by 9.5% since the beginning of May. Sharp falls in medium and long term interest rates in recent weeks seem to be starting to push disappointed cash holders and profit-taking bond holders into yield stocks.

[markie7] 16/7/2012 15:27

love this share. 78p and 99p - two decent lots, now it looks like it is off and running.

[lord gnome] 16/7/2012 14:53

Starting to pick up a bit now. This is soooo undervalued.

[aleman] 10/7/2012 16:52

I was slightly disappointed with my high yield portfolio until the beginning of May, since when it has picked up a bit. I was a touch behind the general market but I'm now slightly ahead. Nothing dramatic - pretty dull, in fact - but you only need to outperform the market by a few % each year to mount up substantial gains in the long run. Odd thing is, though, that I reinvest my dividends regularly and don't see rising prices for high yield shares as being beneficial for me. It gives a short-term sense of comfort but that fades and I then think about how it reduces long term compounding when my reinvested dividends don't buy as much new income. I'm in it for the long term and I sometimes feel happy to see yield shares fall if I think fundamentals remain reasonable. What I need is my high yield shares to go up and everybody else's to fall so I can reinvest and even switch at good rates of return. Do I ask too much? ;-)

I dumped ISG on the news. It was suggested that balance sheet cash would support the dividend but it hasn't. Falling cash may make customers ask whether the balance sheet supports the volume of business being done and scare them away or seek better prices, putting further pressure on margins. I like shares where I'm confident of where they are going - even if I'm proved wrong in time! Any doubts and I sell.

[edmundshaw] 10/7/2012 16:16

Aleman, we hope so.

Notwithstanding the dip in ISG, my high yield portfolio is chugging along nicely. This is one of the more helpful components. How is yours?

[hvs] 10/7/2012 14:01

RNS Number : 2517H
Smiths News PLC
10 July 2012



Smiths News PLC

Interim Management Statement



Smiths News PLC ("the Group") is the largest UK newspaper and magazine wholesaler and a leading wholesaler of books. In April 2012, the Group acquired The Consortium, the UK's leading specialist distributor of consumable products to the educational market. This was an important step in our diversification strategy, consolidating our position as a leading distributor in specialist markets. The Group is today issuing its Interim Management Statement covering the 44 week period to 7 July 2012.



The Group remains on track to deliver strong growth in profits for the year ended 31 August 2012. As a result, we expect underlying profit before tax to be at the top end of market range.



Total Group revenues for the 44 weeks to 7 July increased 3.3% year on year, boosted by contributions from the Dawson businesses, acquired in August 2011 and The Consortium. The performance of each sector is as follows:



· Smiths News revenues declined by 2.6% and by 4.1% on a like for like basis. Cover price increases continue to support newspaper performance largely offsetting volume declines with magazine performance in line with expectation.



· Bertram revenues increased 32.5%, including Dawson Books, and by 4.3% on a like for like basis. Both UK Wholesale and International are trading marginally above last year with Library Services continuing to trade well above last year.



· Media and Marketing revenues increased by 6.7% on a total basis and 8.6% on a like for like basis.



· The Consortium has traded in line with management expectations with revenues for the 11 weeks post acquisition 7.2% above last year. Integration of West Mercia Supplies business is also progressing well.



Net debt at 30 June was higher than at 28 February 2012 as a result of the £38m acquisition of The Consortium. The Group continues to operate well within its bank facilities.



The Group will announce its preliminary results for the year ending 31 August 2012 on 16 October 2012.

[aleman] 10/7/2012 13:48

Good update. Should be good enough to turn 100p from resitance into support.

[professor x] 10/7/2012 13:33

Sorry, don't worry I've found it now.

[professor x] 10/7/2012 13:32

Do you have a link to the IMS please HVS? It doesn't seem to be showing in the ADVFN news section.