Smiths News Share Discussion Threads

[rightnellie] 08/3/2021 09:30

Looks like more people have noticed this bargain share. Plenty of upside still imo

[sphere25] 08/3/2021 08:26

Those larger orders guarding 30p have been gobbled up this morning so looking more promising.

All imo
DYOR

[sphere25] 04/3/2021 13:12

Had a go here in late November last year and it did absolutely nothing - pretty much killed all price activity here.

Sorry folks :-)

So the price is yet to make a significant move in three months, that despite a solid enough statement yesterday with nothing untoward. The market is clearly happy to continue to trade in within a small range.

However, as pointed out by Spooky and Baracuda2, someone has got the mop out and swept up 2.09m and 1.5m at 28p today as well as some delayed mop prints of 2m at 28p and a 1m exchange at 29.15p.

It is notable volume for SNWS, but it still doesn't appear to be moving the dial, with sellers still covering off the 30p mark initially for a go at that key resistance around 31p.

Surely the market is watching to see if the mop comes out again and then for a possible break of those key levels.

But will the big mop come out?

All imo
DYOR

[baracuda2] 04/3/2021 12:39

Yeah. nice to see some activity

[spooky] 04/3/2021 09:21

Some trading volume for the first time in a while.

[norbert colon] 03/3/2021 12:23

Sharescope has 9.18p for 2021, 9.79p for 2022 and 10.06p for 2023

[spooky] 03/3/2021 12:10

You can't invest purely on PE as you know. IMO its a question of whether they start to reduce the debt. If they can start to do that the shares will adjust higher, if not it will be more difficult. I suspect the market just needs a couple more sets of figures to reassure themselves about execution.

[profdoc] 03/3/2021 11:09

Does anybody have any other figures for "market expectations"? The FT.com site has one analyst expecting EPS of 9.2p in 2021 and 9.8p in 2022.
If correct, this share is on a very low PER.

The £15m expected from Tuffnells next year will help reduce the debt. Of course, the biggest contributor to debt reduction will continue to be high EBITDA (even if we ignore the dubious version of "Adjusted EBITDA" - such games makes the managers look amatuer. Are bonuses dependent on "Adjusted EBITDA" I wonder).

[rightnellie] 03/3/2021 09:35

Positive update - Tuffnells problems removed - debt reducing, making money and recovering - what's not to like? - I bought some more - just waiting for more people to do the same!

[cw2000] 03/3/2021 07:32

Amazing – they have stuck to delivering stuff without any distractions and they have made money!
It's a pity the old management pi55ed away a ton of money on non-core activities.
Any sign that this team wants to diversify, and everyone should sell up.
In the meantime, yes – a reasonable update.

[this_is_me] 03/3/2021 07:24

An encouraging trading update.

[nicholasblake] 27/1/2021 19:44

The second disallowance resolution failed.

[this_is_me] 27/1/2021 19:14

I am delighted at the big votes against share placings at the current give away share prices. Disapplying pre-emption rights should be illegal. I have never known it to be in my best interests.

[profdoc] 08/1/2021 10:11

Norbert,

Thanks for the link - some good comments there

[norbert colon] 08/1/2021 08:05

hxxps://www.linkedin.com/posts/smiths-news_wed-really-like-to-say-a-big-thank-you-to-activity-6752599721828728834-VUCL

Some interesting customer feedback here.

[baracuda2] 06/1/2021 15:38

Totally agree with you

[rightnellie] 06/1/2021 10:25

Bought some more today - seems unloved - not many people taking notice of the likely improvement in profitability following the sale of Tuffnells. I have a large loss on my original holding but think there may be a rapid recovery once people start to see the profit benefits in ditching Tuffers

[sphere25] 26/11/2020 12:31

Noted a delayed 780k buy print announced this morning, significant for this company. It is from yesterday just after the close. Clearly buyers in size about. Is that enough to crack that key 30p mark?

On the whole, it is getting quieter out there now and the explosive moves are fewer and far between. A little bit of selling about in some of the technically overbought plays. but markets on the whole are very resilient atm. They're not wanting to give anything back even being overbought. Is there a Santa rally to follow or is it already baked in and not alot happens this time around either way.

[this_is_me] 25/11/2020 08:34

Around 40p is the next target - the level it spent most of 2019 at.

[sphere25] 25/11/2020 08:24

Taken a few here, continuing to trend higher and it appears too cheap.

Watch that 30p mark. If that goes, it should really push on to retest those pre-crisis levels around 35p.

[profdoc] 12/11/2020 14:39

Am I right in thinking if we deduct the exceptional/non-underlying item of "network and reorganisation cost £6.8m", because they are regular items of expenditure rather than one-offs, from "Profit for the year from continuing operations" then the true underlying profit after tax is around £17m? If so, the MCap of £69m seems low?

[kazoom] 12/11/2020 13:11

Lots of smallish trades going through - I suspect it might just be thrill seekers hoping off to look for more excitement elsewhere.

[nicholasblake] 12/11/2020 12:24

Maybe the insto's don't like dividend restrictions?