Smiths News Share Discussion Threads

[baracuda2] 20/2/2013 12:39

This has moved a lot recently, any ideas how far this will go??

[edmundshaw] 20/2/2013 12:23

On the move once more; forward PER must be somewhere around 8 now, given 19.9p underlying last year and "strong growth on track" for this.

We are getting there! But still on the journey... :-)

[lord gnome] 13/2/2013 12:17

Looks to be on the move again with new highs being recorded. Far to early to take profits here.

[markie7] 06/2/2013 08:58

yes, I've bought 3 times, at 77p, 99, and 146 the other day when it dropped pre announcement. Net gain is nearly 80%, plus a years worth of dividends. It has ended up being a larger chunk of my portfolio than I would like for a smallish company. That said, I note their habit of leaving some good news until results, and not playing all their cards in IMS announcements - this is a good habit....so maybe I'll wait until the interims.

[speedsgh] 06/2/2013 08:27

Markie - I was not heavily invested here. Initially bought for the dividend but was sitting on a large paper gain (+77%). Recent rns of large disposal of shares by CEO helped me to make my mind up + I have recently sold up + banked the profit. That's not to say that the share price won't continue to rise from here but I reached the view that the main gain had already been had in relation to the level that I had invested. Good luck.

[markie7] 06/2/2013 08:22

wondering if this has peaked now - time to cash out on an excellent run?

[n3tleylucas] 03/2/2013 23:26

Yeah it had that dusty feel mate, ah well, lol ... I'll just ride it out, see what happens. Bentley? A funny one really, needs to break that resistance line going back to 240, then it should move.

[jack ladd] 02/2/2013 09:16

I hope you're having fun - NEW duster not so great, they strung that one out for a bit too long for comfort, I have bailed, may jump in if they find something commercial in time.
Luckily gains in BAO have compensated lol...did some spring cleaning and have piled remnants of a couple of straggly losers into XEL. Hopefully some good movement from BEM due soon too, hope you're making decent gains elsewhere, catch you soon :)

[n3tleylucas] 02/2/2013 04:24

Thought I'd wait 'til the day after ... happy new year bud

[jodi17qad] 31/1/2013 12:29

And according to REFs, Mark Cashmore sold 44,763 @ 136p on 16 October 2012, having acquired them under an option.

[speedsgh] 31/1/2013 12:15

Group CEO (Mark Cashmore) appears to have sold 219,605 shares yesterday - 70% of his total holding. He now has 94,494 shares remaining.

[davidosh] 25/1/2013 16:24

Did anyone attend the Agm yesterday in Swindon ?

Looks like the tea and cakes must have been nice !

[markie7] 21/1/2013 21:08

more selling from Silchester. Down to 13% now, so still plenty to go, but it was 19% only back in October, which is only 3 months ago.

So, hard to see a full revaluation to 180-200 in the absence of that overhang being cleared, but given the speed of the stake being placed it is definitely worth hanging around until it has all gone.

[edmundshaw] 21/1/2013 09:17

Looks a nice little add-on to me.

Not going to set the world fire, perhaps, but "earnings accretive from 2014" expected, and at a good return on capital, so a definite if small positive.

[skinny] 21/1/2013 07:06

Acquisition and expansion of books division

· Acquisition continues to strengthen Bertrams international presence
· Enlarged operational footprint in Northern Europe

Smiths News PLC ("the Group"), the largest UK newspaper and magazine wholesaler, a leading UK book supplier and a leading distributor of consumable products to the education market, is pleased to announce its wholly owned book business Bertram Books ('Bertrams'), has acquired Erasmus Antiquariaat en Boekhandel B.V. ('Erasmus') from Tschenett Beheer B.V. for a net consideration of €1.5m satisfied in cash via a subsidiary Dawson Books Ltd.

Erasmus, based in the Netherlands, is a leading supplier of high quality books and journals into both academic libraries and Government Institutions mainly across Northern Europe. In the year ended 31 December 2012, Erasmus generated revenues of €15m.

The acquisition brings a complementary customer base to Bertrams with strong penetration in France, Germany and Switzerland. Following the successful acquisition of Houtschild in June 2012, Bertrams continues to pursue its stated international expansion programme, now having market leading positions in several key European territories. The Erasmus transaction will also see entry into the U.S market and increases total international sales to £50 million on a pro forma basis1.
The acquisition is expected to be earnings neutral in FY13, adding an incremental £0.4m in FY14.

[markie7] 15/1/2013 16:13

marvellous

[markie7] 15/1/2013 12:54

forecast div for this yr is 9p - so about 5.8% yield at 154p. I guess a market yield for this sort of stock should be maybe 4.5-5% - which implies a price of £1.80-£2.

[lord gnome] 15/1/2013 12:48

It was tongue on cheek - perhaps it didn't come across that way.

[aleman] 15/1/2013 11:45

Maybe. Cashflows are quite strong. I only said I thought 150p should be support but gains would be more modest from here. I think you are exaggerating a little when you call my 4p downside a bear case!

[lord gnome] 15/1/2013 11:37

I think that's the Bear case Aleman. I reckon 180 could be reached at some point this year.

[beaufort1] 15/1/2013 11:29

EPS at 20p with reasonable prospects of growth suggest a conservative target share price would be £2.
B1

[aleman] 15/1/2013 11:26

Seems a pretty stable update. With earnings creeping above 20p and dividend creeping past 10p soon, I would imagine the shares will tend to find support around 150p from yield hunters. Whilst reasonably good value, I wouldn't expect any more jumps from here. Seems like a steady share to lock away for a 6% and slowly rising income with no sleepless nights and not expecting too much in gains.