Smiths News Share Discussion Threads

[lord gnome] 15/1/2024 10:24

This share will now go back to sleep until the next figures are due.

[1knocker] 15/1/2024 10:17

This has certainly fallen by more than the dividend! A big dividend too.
I might buy a few more if it is still down when the dividend is paid.

[kenmitch] 10/1/2024 10:12

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.

[retsius] 10/1/2024 09:32

Two sells of £12k.

Why miss out on a very generous divvy?

Crazy.

LOL
R.

[santangello] 09/1/2024 09:25

Shrewd dividend hunters coming in for some of that 8% before Thursday.

The added bonus being the Trading Update at the end of the month.

[aishah] 03/1/2024 08:00

SNWS selected in the top 10 2024 Stockopedia NAPS stocks:

Smiths News, which can trace its origins back to 1792, when it first started delivering the nation’s newspapers, has finished the year up around 8.5%. However, as my colleague Oliver Cooper recently pointed out, there has been a notable breakout in terms of volume. The average daily volume over the last 10 trading days is 147% above the average volume traded over the last 3 months, which could indicate a strong start to 2024 for the company.

Smiths News has done an excellent job of creating efficiencies and improving margins over the last few years, to mitigate the impact of the structural decline of sales volumes in the UK’s newspaper and magazine market. As a result of the changes it has made, which included the disposal of loss-making assets, it has managed to turn a profit in each of the last 3 years.

Despite a notable lack of forward-looking growth, the company looks exceptionally cheap on a variety of valuation metrics. A price to free cash flow of 3.8 and prices to sales of just 0.11, imply that there could be a unique value opportunity at play. Furthermore, a forward dividend yield of 7.94% might provide an added incentive for income investors.

[ballymoss18] 18/12/2023 22:10

Nice finish

[hotdawg] 18/12/2023 17:52

divi hunters I'm guessing ?

[lord gnome] 18/12/2023 17:19

Those trades make it look as though someone had got wind of something and wanted 'in' at any price. Either that or just a poorly programmed bot trade. Well know at 7.00am tomorrow if we have anything of real substance. I won't be holding my breath.

[fft] 18/12/2023 16:37

Interesting set of trades in the last 10 minutes before closing. Someone trying to start a rumour or a real bit of news ? Time will tell....

[santangello] 08/12/2023 09:09

Have SNWS been covered, recommended or tipped today ?

[hillock1] 05/12/2023 22:45

thanks for the update Norbert Colon

I do think the next catalyst is obviously the higher dividend payout. As the company is moving to debt free position and the more favorable and less restrictive refinacing term, I expect and hope the management will in great position to distribute more dividend.

The management has done a marvellous job and I'm so grateful of that.

[martin44] 05/12/2023 22:09

Good update Norbert Colon and all going ahead as expected! I expect more of what we have been enjoying ie slowly rising share price and increasing divi…there is still a lot of ground to be made up from the last few years of disappointment but certainly the worm has turned!

[norbert colon] 05/12/2023 21:40

Acquisitions are possible but they would be small and linked to the adjacent profit streams to add scale etc. Won't be another Tuffnels that's for sure. Walked away from a recent proposed acquisition as it didn't stack up in the end.

[norbert colon] 05/12/2023 21:38

Buybacks weren't discussed with a focus more on capital return via divis. Perhaps we will see a refinance this year ditching the £10m cap and with scope for a 30%+ divi increase plus specials. Adjacent profit streams gaining traction and the recent LTIP shows they are aiming for £6m of profits from these growth areas. Mgt are careful and cautious but equally not sitting on their laurels. I'm not an income investor but a say 15% dividend yield would be highly attractive and I'm planning to retain my holding as a cash proxy.

[patsyluck] 04/12/2023 20:19

Open question .. anything that would improve my knowledge of the company over and above the public information out there.
For example do they plan to do any share buybacks with future cash flows?
I think a few years of astute share buybacks will do wonders for those surviving shareholders.I´d like to know how they see their priorities vis a vis rewarding shareholders.Will they seek to deploy future cash on acquisitions (given co. record not a fan), dividends or share buybacks?

[norbert colon] 04/12/2023 16:20

Hi Patsy - what in particular would you like clarity on?

[patsyluck] 04/12/2023 15:38

Norbert,

I missed the Mello presentation.From your long chat with Mgmnt did you glean anything of note for your fellow shareholders?

[battyliveson] 30/11/2023 18:29

Thank you Norbet. Hopefully the share price will move on up. Dividend is nice while we wait.

B

[norbert colon] 30/11/2023 17:31

Yep it was excellent - saw them twice in fact and had a long chat with them on their stand.

[battyliveson] 30/11/2023 16:24

I couldn't get to Mello this year. Did anyone see management presentation.

B

[hotdawg] 22/11/2023 08:58

Certainly a bit up and downy in the last week ( not sure if that's the correct technical term )

[my retirement fund] 22/11/2023 08:40

Looking weak

[makinbuks] 21/11/2023 16:09

I'd have to spend more time on this but why would short term borrowings remain flat at £10m and cash flat at £37.3m from 2023? Where has the Operating CF gone? They haven't increased the dividend.

A DCF model doubling the price is one approach but cash flow generation leading to zero borrowings, leading to an increasing dividend while the rating based on the yield improves as interest rates decline is another. For example a 5p dividend rated at 6% is 83p, virtually the same valuation and still on a PE of 8 - 9 X at that level.

I think their revenue numbers are pessimistic too, I think they will hold above £1bn throughout the period

[edmundshaw] 21/11/2023 12:58

Hotdawg, you might want to check out this. Understanding bad behaviour is helpful in not letting it get to you. You get a lot of sad people on these boards, best to ignore or filter:

hxxps://theconversation.com/new-research-shows-trolls-dont-just-enjoy-hurting-others-they-also-feel-good-about-themselves-145931