Smiths News Share Discussion Threads

[edmundshaw] 17/4/2013 08:38

Very pleasing results.

I was also looking to consider selling a few after results, like his lordship, but not now.

[markie7] 17/4/2013 08:32

def holding, even though it has more than doubled now. I think these results are fine

[lord gnome] 17/4/2013 07:37

The company now seems to be in a sweet spot. The news business is a steady reliable cash cow, even if it is in decline. The two other businesses have good growth prospects and will drive the company forward. This story has a long way to run. I had thought about slightly reducing my holdings, but right now I am very happy to continue to hold.

[18bt] 17/4/2013 07:32

Impressive set of results - well done management. Delivering across the board and as Nick Gresham foreshadowed when we saw him last Autumn. At least underpins current rating of 9.2x PER and possibly justifies a bit more given the now very secure looking 5% yield, 2x covered.

[skinny] 17/4/2013 07:06

Acquisition and expansion of books division

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 agreed to acquire certain European and African academic library services contracts from Blackwell UK Limited. The acquisition is expected to be formally completed on 20 May 2013 and the net consideration of up to £2.1 million will be satisfied in cash via its subsidiary Dawson Books Ltd.

The acquisition further strengthens Bertrams' established international footprint and brings with it a complementary customer base with a strong presence in Germany, France and South Africa. The high quality contracts being acquired as part of the transaction generate revenues of £10.5 million at FY12 levels increasing Bertrams' total international sales to £60 million on a pro forma basis1.

The acquisition will be earnings neutral in FY13, adding an incremental £0.7 million in FY14.

[skinny] 17/4/2013 07:05

Highlights:
· Strong financial performance with underlying PBT up 16%, including the impact of acquisitions
· Continued strong shareholder returns
- Underlying EPS of 10.3p up 16%
- Interim dividend of 3.0p up 7%
· Strategic targets on track
- Profit growth in all four divisions
- 27% of profits outside of newspaper and magazine wholesaling (H112: 17%)
- Smiths News:
§ Contract renewals worth over £350m revenue pa to 2019
§ Ongoing efficiencies reduce cost base by £4m
- Bertrams:
§ Growing addressable markets through launch of direct to consumer proposition
§ Acquired £20m of academic revenues to consolidate European leadership
- The Consortium:
§ Performing to expectations with WMS integration on track
Investing in multi-channel offer to increase revenue growth
· On track to meet full year market expectations

[markie7] 16/4/2013 15:34

+5%. someone seen tomorrows interims perhaps? Excellent stuff.

[birdsedgeuk] 14/4/2013 20:31

Wonder if traderdiary.co.uk thinks

[birdsedgeuk] 14/4/2013 20:30

Interims this wk

[markie7] 09/4/2013 09:49

That silchester holding needs to come down much further before this gets fully valued I reckon. It is coming down fast though, so no probs, and collect the dividend in the meantime.

[lord gnome] 08/4/2013 17:27

Ok, so who was doing the selling today?

[fangorn2] 05/4/2013 19:45

Silchester International Investors LLP reduce to 11.39%.

[lord gnome] 04/4/2013 19:18

Up, up and away. Nice new highs today on a day when the market is turning turtle. Two quid is on the horizon. More please.

[edmundshaw] 18/3/2013 07:50

Well we knew that already.

[skinny] 18/3/2013 07:35

Smiths News PLC, the largest UK newspaper and magazine wholesaler, a leading UK book supplier and a leading distributor of consumable products to the education market, will be announcing its interim results for the six months ended 28 February 2013 on Wednesday 17 April 2013.

[lupins2] 25/2/2013 17:37

Question answered on todays tick up.

[lupins2] 22/2/2013 14:51

Is there a tree shake today or have we peaked.

[baracuda2] 22/2/2013 11:59

Yes that was a good scene, I remember it well, lol

[fangorn2] 21/2/2013 08:20

Reminds me of a Blackadder scene with Lord Flashheart Baracuda2....

Treat your plane as you'd treat a woman....
Get inside her seven times a day and take her to heaven and back - Woof!


Rik Mayall was a superb Flashheart.

[baracuda2] 20/2/2013 22:44

Well tell your girl friend to give it you back, we need it!!

Maybe you need some tipps on how to keep a woman...let me know and I will tell what to do!!

[lord gnome] 20/2/2013 15:20

My target was 180 Baracuda2. From here onwards I haven't got a clue, but I hope to enjoy the ride.

[edmundshaw] 20/2/2013 14:18

Sorry, I lent my crystal ball to my girlfriend, but she then went of with a billionaire... :-(