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SNWS Smiths News Plc

56.00
1.00 (1.82%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Smiths News Plc LSE:SNWS London Ordinary Share GB00B17WCR61 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 1.82% 56.00 368,544 16:29:55
Bid Price Offer Price High Price Low Price Open Price
55.20 57.00 56.00 54.00 54.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Books & Newspapers-wholesale 1.09B 25.1M 0.1013 5.53 138.71M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:44:29 O 19,000 55.00 GBX

Smiths News (SNWS) Latest News

Smiths News (SNWS) Discussions and Chat

Smiths News Forums and Chat

Date Time Title Posts
02/5/202419:20Smiths News Old name, refocused strategy1,047

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Smiths News (SNWS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-03 15:46:1155.0019,00010,450.00O
2024-05-03 15:44:3155.0019,00010,450.00O
2024-05-03 15:35:2356.002011.20UT
2024-05-03 15:08:5156.036,0003,361.68O
2024-05-03 15:04:4756.7912,8137,276.89O

Smiths News (SNWS) Top Chat Posts

Top Posts
Posted at 03/5/2024 09:20 by Smiths News Daily Update
Smiths News Plc is listed in the Books & Newspapers-wholesale sector of the London Stock Exchange with ticker SNWS. The last closing price for Smiths News was 55p.
Smiths News currently has 247,700,000 shares in issue. The market capitalisation of Smiths News is £138,712,000.
Smiths News has a price to earnings ratio (PE ratio) of 5.53.
This morning SNWS shares opened at 54p
Posted at 02/5/2024 14:57 by stevensupertrader
The key to every successful business is growth in revenue and increase margin .
In SNWS case is the opposite even with inflation running last year at say averaging 6% , SNWS cannot even maintain previously year revenue , let alone growth. SNWS is currently trying to reduce cost and reduce or eliminate debt which in a short run might gives result to pay higher dividend but in a longer time frame without growth in revenue , this would ends badly as cost will bound to catch up Ie increase due to inflation .
Posted at 02/5/2024 07:46 by aishah
#SNWS mgt here have delivered an amazing recovery londonstockexchange.com/news-article/S… & this is the cherry on the cake for shareholders who’ve stuck with them👏
Posted at 02/5/2024 07:44 by brassneck2
Don't know why you bother following this company Stevensupertrader as you're always negative, usually wrong on forecasts for trading and share price performance. There must be better ways to spend your time more positively, sad.
Looks a very solid set of results to me, great news on refinancing agreement and divi. Suspect they will be well received.
Posted at 23/4/2024 09:58 by santangello
Yes, it looks like the share price wants to break out from its recent resting level.A good signal heading towards 2nd May.I have added twice around 48p level, hoping for at least a 25% capital gain (if no surprises are revealed) with that juicy income as a lovely winner too.Well said dd, the stickers revenue will make a welcome addition to the bottom line.It will be intriguing to see if investors see the continuing (income) picture here as interest rates start to fall ?Best wishes to all holders.
Posted at 23/4/2024 09:42 by stevensupertrader
SNWS Sp is now constrained by dividend and yield . At current share price the yield is 7.6% and SNWS cannot increase dividend due bank facilities agreement. share price won’t go any higher imo
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.
Posted at 31/1/2024 07:15 by santangello
I love a boring, reassuring update from a reliable gem like SNWS with my Corn Flakes.

Look forward to that lovely income, with plenty of room for nice share price appreciation.
Posted at 10/1/2024 10:12 by kenmitch
retsius.

Some investors sell ahead of ex dividend day hoping that the share price will fall by more than the dividend. They can then buy again and the net effect is at a price that beats the dividend yield.

I don’t do it because whether or not the share price falls by more than the dividend on ex dividend day is guesswork. Sometimes that early dividend mark down sees new buying and the share price rises during the day and can end the day above the previous day’s close, even allowing for the dividend being taken out of the share price.
Posted at 10/11/2023 10:41 by edmundshaw
Enough good points in the presie for me to stick with my holding here. With a slightly better market and an improved dividend I can see a 70p share price, maybe more on a decent FTSE uplift, and not a lot of downside. So 8.5% yield feels to me a good return for low risk and some share price growth prospects. I think their knitting-sticking is very commendable, and glad the bolt-on strategy is safe and focused.

In the future, under 50p share buybacks would make sense, but wouldn't want to see them at higher prices than 50p... I am with Buffett on that. Shoezone started doing buybacks with a share price cap which I liked, but the last one they omitted the cap which was disappointing...
Posted at 26/6/2023 16:50 by stevensupertrader
Does not inspire confidence , the half year result was excellent .SNWS SHARE PRICE 2 weeks ago before ex div was 55p and today 44p at closed. 20% down - something not
RIGHT .
Smiths News share price data is direct from the London Stock Exchange

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