Smiths News Share Discussion Threads

[1knocker] 06/2/2023 18:53

That was what I had in mind when I suggested that those lucky enough Mohave bought since the debacle may not wan to push their luck!

[stevensupertrader] 06/2/2023 18:15

Don’t forget ,there are also many holders bought over £1.50 only a NUMBER OF YEARS back SNwS was unwanted !!!!! Those who managed to buy Low and average SNWS were either sitting on a tiny profit or still losing !!!!

[1knocker] 06/2/2023 17:32

There must be a lot of holders from low purchase prices who are very happy to sell enough at two or three times their purchase price to leave themselves with a free holding.Or merely because the share price rise has put them overweight this stock in their portfolios. It makes good sense, especially with a stock with as chequered a history as this one.

[norbert colon] 06/2/2023 17:03

Quite happy to see lower prices given the divi will be in investors bank accounts this week!

[stevensupertrader] 06/2/2023 16:57

If you are so confident - then you should buy if you think it will go back up in a few months - or you are waiting it will go lower ???!!!!

[hotdawg] 06/2/2023 16:51

I think maybe I know this industry better than most, and I'm confident it will go back up, maybe not for a few months though

[stevensupertrader] 06/2/2023 16:45

I even got even lower at 11.8p but sold off at 43.8p last month - however I can tell you it won’t go down even as low as 30p this time round

[hotdawg] 06/2/2023 16:40

No worries here , got mine for 12.5p a throw in first lockdown

[stevensupertrader] 06/2/2023 16:37

SNWS closed under 45p.In fact closed 44.3p - DID ANYONE BUY!!!!! Or just worried that abandon buying ?????!!!!!

[stevensupertrader] 06/2/2023 15:40

Maybe even tomorrow under 45p - the rate SNWS is falling -no buyer just full of SELLING in fairly large chunk

[stevensupertrader] 06/2/2023 12:26

Hi edmundshaw, you can get ready your fund to buy this week as now SNWS fallen to 46.5p selling - today plenty of Sellers .

[edmundshaw] 03/2/2023 21:05

Oh I do hope so! Sliced a few at 55p, I'd love them back under 45...

[stevensupertrader] 03/2/2023 17:29

Looking at SNWS price this week with many sellers - SNWS will test 45p next week !!!!

[stevensupertrader] 03/2/2023 17:26

Told all of you that SNWS will drop back under 50p but you all just dismissed it and even called me a troll parasite. - Don’t live in Cloud 9 for goodness sake!!!!!!

[lord gnome] 03/2/2023 16:58

Disappointing. I had hoped that 50p might hold.

[baracuda2] 03/2/2023 16:26

What's going on here

[norbert colon] 30/1/2023 13:14

Now being rolled out Nationwide across their network - https://recycle.smithsnews.co.uk/

[martin44] 28/1/2023 16:03

NC A great write up and I can only agree the future is looking very good indeed!

[norbert colon] 27/1/2023 15:31

This is of interest to investors here I hope..

The LTIP for Jon/Paul has one of its conditions/targets as Adj FCF of no less than GBP36.6m with an upper target (for 100% payout) of GBP 41.2m Adj. FCF by 2025 (p. 119)

Looking through the 2022 accounts there were some major adjustments last year incl. GBP 4.4m provision for McColls, GBP 2.5m of one-off admin fees related to the (now concluded) transformation plan (which had been running in 2021 also) and GBP 2.4m of fee related to the bank refinancing (no further costs will be incurred in 2023). Also, with the Group likely to be net cash by year end, interest costs will have reduced by say another GBP 1.5m (same reduction from 2021 to 2022) and will reduce further in 2024.

The summary of this is an estimated sustainable FCF for 2023 of around GBP34m, valuing the Group at just 3.5x FCF. These numbers differ from Edison's Nov 2022 note and perhaps ive got my tax figure and CAPEX too low but time will tell.

So the lower end of the LTIP doesn't look very challenging but it demonstrates the likely ongoing FCF of the Group from 2023 onwards where I am not expecting any further major adjustments.

Despite the recent re-rating from 30p, this had to be a valuation anomaly with the rest of my holdings in my portfolio on a P/FCF of between 8 and 28.

Yes top line is declining but the Annual Report makes some reassuring noises that mgt should be able to scale some of the adjacent service offerings to backfill the core biz decline.

With anticipation of some significant cash returns to shareholders from SNWS over the coming years I look forward to 2023 with confidence. My 2nd largest holding. Edison current DCF-derived valuation is 94p.

[patsyluck] 27/1/2023 14:55

just see on my IB feed where SNWS has been downgraded by a broker.Anyone know
anything?

[baracuda2] 26/1/2023 22:24

Lol, you've confirmed that you are a troll, I filter every troll, you're not worth engaging with

[stevensupertrader] 26/1/2023 19:29

Baracuda2. No parasite but just a logical sensible trader unlike you and a few others in the postings are living in HOPE. I really admire people like you FULL OF HOPE IN LIFE

[baracuda2] 26/1/2023 14:26

Please don't tell me Stevennotsupertrader is a trolling parasite

[stevensupertrader] 25/1/2023 20:29

Hi trident5, BULLISH SIGNAL or BEARISH SIGNAL!!!! More likely the latter

[trident5] 25/1/2023 19:36

Ah Stevensupertrader is back - that's previously been a very bullish signal.