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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Smiths News Plc | SNWS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 62.80 | 15:30:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 62.80 | 62.60 | 62.80 | 62.80 | 62.80 |
| Industry Sector |
|---|
| MEDIA |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 05/11/2024 | Special | GBP | 0.02 | 09/01/2025 | 10/01/2025 | 06/02/2025 |
| 05/11/2024 | Final | GBP | 0.034 | 09/01/2025 | 10/01/2025 | 06/02/2025 |
| 02/05/2024 | Interim | GBP | 0.0175 | 06/06/2024 | 07/06/2024 | 04/07/2024 |
| 04/10/2023 | Final | GBP | 0.0275 | 11/01/2024 | 12/01/2024 | 08/02/2024 |
| 03/05/2023 | Interim | GBP | 0.014 | 08/06/2023 | 09/06/2023 | 06/07/2023 |
| 09/11/2022 | Final | GBP | 0.0275 | 12/01/2023 | 13/01/2023 | 09/02/2023 |
| 04/05/2022 | Interim | GBP | 0.014 | 09/06/2022 | 10/06/2022 | 07/07/2022 |
| 04/11/2021 | Final | GBP | 0.0115 | 13/01/2022 | 14/01/2022 | 10/02/2022 |
| 21/06/2021 | Interim | GBP | 0.005 | 01/07/2021 | 02/07/2021 | 30/07/2021 |
| Top Posts |
|---|
Posted at 28/11/2024 12:04 by 1knocker Roll on the next dividend.I am up 98% here (plus dividends banked to date), so the divi is a pretty good return on my capital. Cash cow companies which kill the golden goose very seldom manage to resuscitate it so I very nearly gave this a miss when it was sub 30, and sold some at 40, only to end up buying some back at 57 this year. It is irritating to have ended up buying back shares at 57 which I sold at 40, but if I am honest I was lucky as I very nearly passed up buying, and having taken a punt and bought at a tad under 30 I came within an ace of selling out the lot at 40 for what then seemed a very respectable profit. There is a hell of a lot of luck in this game. It is all very well saying 'run your winners', but I have seen the air come out of so many winners and wished I had quit when I was ahead! |
Posted at 19/11/2024 13:06 by rolo7 Edison note on snws website target price 94p and 27p of dividends possible before end 2028. |
Posted at 07/11/2024 15:52 by sphere25 Some order book commentary.A right ding-dong going on here at 61p. A 25k iceberg on the offer at SNWS? Unheard of! Someone is keen picking up those 25k blocks to clear them out at 61p. That seller has now shifted to 61.2p. It might be M&G buying more. It looks like they have been buying from Fidelity and picked up that director sell too. Unsure how many Fidelity or other sellers might have. It looks like that persistent 7877 (and slight variations of this number) was Fidelity. Since that got cleared, it has been 20k iceberg sell orders at 61.8p, which has gone. It is now 25k sell orders - hard to decipher this, Watching in to see who wins this ding-dong. Really need Bulls to take control of 61p first and then start building on the book to clear through 62p. It looks well guarded at the moment with a stalemate at 61p, but encouraging that a big sell order hasn't deterred the buyers or caused a move down. I think this is a buy even if it falls on its own (should Bears win this battle and move it back down toward bottom of the recent range at 57p), or if those overbought excitement conditions in the US feed through over here, when they correct. At the moment, if the Bulls can eat through that 25k order at 61.2p and whatever increments it comes on at, that might be it for a lurch higher. This will get bought into that ex-dividend on the 9th January so it continues to be a nice trading share and an interesting watch now, seen as it has hit the radar of at least one big buyer. Oh gawwd.....not those long posts again. Sharrr app! Actually, this might go up you know.... IT ISN'T AIM!! :-) All imo DYOR |
Posted at 07/11/2024 09:49 by stevensupertrader By the action of the CEO , Bunting, selling a large chunk of his holdings the day after reporting and special dividend and increased final dividend payout , whether his intention was good , this does not boded well in the eyes of shareholders and CONFIDENCE is lost |
Posted at 06/11/2024 16:37 by marktime1231 Perhaps he caught sight of his own reflection and couldn't answer himself how an in-line trading update one month later became a final report for which the headline was beat expectations. It isn't imposter syndrome if you are an imposter.Bunting and co are not our friends, they are pumping up SNWS for their own ends. Despite reasonable dividend progress and a harder to justify special, my strong suspicion remains that trading updates from now on will be about struggling and failing to replace lost print revenues with new business lines. For which reason I have decided not to chase the dividend income prospect, having been here a long time ago for that reason and got badly burned. |
Posted at 06/11/2024 09:09 by aishah Berenberg: Smiths News delivering the goodsNewspaper and magazine wholesaler Smiths News (SNWS) can deliver expansion beyond its current verticals, says Berenberg. Analyst James Fletcher retained his ‘buy’ recommendation and target price of 70p on the stock, which rose 8.4% to 61.8p on Tuesday and has risen 25% over the last 12 months. Full-year results from the group were slightly ahead of Fletcher’s expectations, with earnings of £39.1m versus his £38.3m forecast. ‘The highlight was the announcement of a 2p special dividend, taking full-year 2024 dividend per share to 7.2p, equivalent to a 12.5% yield at the current share price,’ he said. ‘Smiths News will return a total of over £17.2m with respect to full-year 2024, realising the benefits of the recently revised capital allocation policy, which will also see enhanced ordinary dividends and reduced interest costs.’ Fletcher said the FTSE All-Share-listed company was investing for growth and he saw ‘expansion beyond the current verticals as potentially offering a strong growth counter to future circulation declines, while continuing to generate high levels of free cash flow and attractive dividends’. |
Posted at 05/11/2024 13:24 by kenmitch Agree with davidosh and others positive about SNWS. It’s been a great lockaway share for those of us who bought several years ago not far off half the current price. Those investing then when the dividend yield was near to 10% have already had more than half their stake back in dividends. Now they/we are getting a near 20% dividend.It had been clear that there could be no dividend increase until debt was down significantly but every update has been positive so (barring shock bad news that can hit any share) the time was sure to come when they could increase dividends. Not a share for big further capital gains unless SNWS falls to a bid, but a classic income share with that very high chance of further dividend increases to come, and a starting yield at 62p of near to 12%. |
Posted at 05/11/2024 13:10 by stevensupertrader SNWS new initiative ie to deliver books, entertainments and grocery goods to build on the newspapers delivery is starting tosee growth , started in year 2023 of generating £700k to £2m profit added to the ‘bread and butter ‘ business plus cost cutting of £5.6 m to a good bottom line figure that able to allow CEO and Board increase the final dividend to over 20% plus special dividend this financial year. Sure to be more of this in the coming years to come if the new initiative side of the business take off. Current share price is a bargain and opportunity to buy imo |
Posted at 05/11/2024 10:25 by davebowler Edison -Smiths News’ FY24 trading was robust and results came in ahead of consensus. This, along with the debt refinancing announced in May, has resulted in lower average debt, which in turn has allowed the company to implement its revised capital allocation policy (communicated in May) and its diversification ambitions. Furthermore, it has lifted its total ordinary dividend from 4.15p to 5.15p/share and announced a ‘special’ |
Posted at 14/3/2024 09:42 by davebowler Canaccord Genuity view Smiths News (SNWS) is the UK’s largest wholesaler of newspapers and magazines, with a c.55% share of a c.£2bn market. After a challenging period in the wake of some mismanaged acquisitions under previous management, the new leadership team has streamlined the Group to focus on the core distribution of magazines and newspapers, which is highly cash generative with good visibility around contracts (74% of current revenues secured until 2029/30). Whilst underlying markets face structural decline given generational and channel shifts in news consumption, management has established a strong track record of cost efficiencies to offset a declining top line and generate robust levels of profitability. In addition, a number of new growth initiatives, including Smiths News Recycle, which utilise and leverage the Group’s existing facilities and capabilities, have the potential to drive future profit growth. Strong FCF generation (c.£20m-£25m p.a.) has seen the Group deleverage rapidly and an upcoming refinancing could see an annual dividend payout cap of £10m removed, paving the way for potentially higher dividend payments. With minimal leverage and the Group forecast to move into a net cash position, we see scope for additional cash returns to shareholders. The current valuation is highly attractive, with a PER of under 5x, a secure dividend yielding 9% and a FCF yield of 21%. We initiate coverage with a BUY recommendation and 85p target price. Secured contracts provide visibility SNWS delivers c.16m newspapers and c.5m magazines each week to c.23k retailers from 35 regional depots across England and Wales. The Group has established strong relationships with all major national and regional publishers. The long-term nature of contracts, along with the dedicated service territories, provide high levels of visibility in terms of revenues and cash flows, as well as allowing the Group to plan its capital allocation strategy clearly. The Group has renewed agreements representing 74% of its current newspaper and magazine revenues through to 2029/30. Cost savings and growth initiatives SNWS has established a solid track record of delivering cost savings to broadly offset the structural decline in revenues. Further cost savings are planned over the coming years to deliver robust levels of profitability. Management has also identified a number of new opportunities which leverage the Group’s existing infrastructure and capabilities and have the potential to drive future profit growth. Smiths News Recycle is the most advanced of these, and offers collection of plastic and cardboard waste on a weekly paid for basis using the Group’s existing delivery runs and recycling facilities. Robust profitability and strong FCF generation Despite a declining topline the Group has delivered robust and stable levels of profitability in recent years. Strong FCF generation has seen the Group deleverage rapidly from 2.0x in FY20 to 0.1x in FY23, and an upcoming refinancing could see a lifting of the current £10m dividend cap, paving the way for potentially higher normal dividend payments based on cover reverting to the previously stated 2x policy. With a strong balance sheet, future FCF generation of c.£25m-£26m pa, limited capex requirements (c.£4m pa) and healthy annual dividends, the Group is set to build a healthy cash balance over the coming years. If management were to target a leverage ratio of 0.5x, we see scope for c.£38m to be returned to shareholders over the next 3 years. Valuation and recommendation SNWS trades on 4.8x Aug’24E PER with a dividend yield of 8.7% and an adj. FCF yield of 21%. We initiate coverage with a BUY recommendation and 85p target price, based on a cal’24E PER of c.8x, div yield of c.5% and FCF yield of c.12%, implying 80% upside. |
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