Smiths News Plc

-1.60 (-3.0%)
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
  -1.60 -3.0% 51.80 309,794 16:35:13
Bid Price Offer Price High Price Low Price Open Price
51.80 52.00 53.20 52.00 53.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Books & Newspapers-wholesale 1,089.30 23.40 9.40 551.06 128.31
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:24 AT 10,000 51.80 GBX

Smiths News (SNWS) Latest News

Smiths News (SNWS) Discussions and Chat

Smiths News Forums and Chat

Date Time Title Posts
26/5/202311:23Smiths News Old name, refocused strategy754

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Smiths News (SNWS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 15:38:2451.8010,0005,180.00AT
2023-06-08 15:35:1351.8033,18017,187.24UT
2023-06-08 15:28:5652.001,013526.76AT
2023-06-08 15:28:5652.00624324.48AT
2023-06-08 15:28:4152.002,3411,217.32AT

Smiths News (SNWS) Top Chat Posts

Top Posts
Posted at 24/5/2023 17:28 by nicholasblake
Numis touting SNWS to rejoin FTSE Small Cap on 30 June. Index trackers will need to start buying in next week or so.
Posted at 03/5/2023 11:58 by schofi2
Cheers for the clarification NC, but excellent results all the same.

Average Bank Net Debt GBP26.3m down 55.3%
This time next year it should be cash positive, expecting the divi and the share price to double.

Posted at 03/5/2023 07:54 by norbert colon
The thesis at SNWS has always been turnaround rather than growth and now the turnaround is fully in place the thesis is stable portfolio income for me.
Posted at 20/3/2023 12:27 by davebowler
Edison analyst Natalya Davies:


It is currently trading on a P/E close to its average value over the last 5 years and share price up c 40% in past 6 months. They have secured four long-term contracts to 2029, which account for 46% of their current newspaper and magazine revenues in all of their existing territories.

Low PE, high dividend yield - attractive for a company that is so cash-generative; currently trading on P/E of 4.7x in FY23e with yield of 9%.
FY22 results exceeded expectations- adjusted PBT increased 0.6% to £31.1m as financing costs declined with falling debt.
Annual yoy revenue decline of 1.8% to £1,089m, below pre-COVID average decline of 3-5%.
Leverage ratio (net debt/EBITDA) of 0.3x- consistent ability to pay down debt.
we estimate net debt to decrease to £2.6m in FY23, implying a leverage ratio of 0.06x.
Management successful in mitigating inflation and controlling costs within budget.
Thus far the company has secured four long-term contracts until 2029, which account for 46% of its newspaper and magazine revenues- underpin attractive valuation.
Fixed energy prices lasting to 2024.

Posted at 10/2/2023 15:05 by stevensupertrader
Today selling resumes (3 times more sellers than buyers in volume till now ) yet the price of SNWS is up unlike yesterday more buyers than sellers as many received their dividends and reinvested by buying SNWS - STRANGE PRICE BEHAVIOUR !!!!
Posted at 06/2/2023 17:32 by 1knocker
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.
Posted at 03/2/2023 17:29 by stevensupertrader
Looking at SNWS price this week with many sellers - SNWS will test 45p next week !!!!
Posted at 24/1/2023 17:51 by lord gnome
Does it matter?

All that has happened today is that the market has knocked the froth off the share price. It's just the market doing market things. We might now mark time gyrating between 50 and 55p. With a very decent divi on the way we might just see a bit of divi reinvestment to give the share price a boost. Otherwise, roll on the interims.

Posted at 04/5/2022 13:16 by marktime1231
Good share price response to start with, but despite some institutional buying there is still a large stakeholder wanting to keep offloading and flatten the price.

And, despite strong initial reading eg an Interim 1.4p is splendid, maybe the good news was masking some bad?

Operating income, not including the special pension and Tuffnells contributions, was down as core revenues continue to contract. Despite good efforts at cost control in an inflationary environment, and finding £1.5M extra from sub-letting warehouse space and higher waste paper prices, SNWS expect full year operating income to be down £2M. That will go straight to the bottom line, albeit offset by lower debt interest costs. SNWS net income on £1.1B turnover is tiny.

The other good news was that, post H1, SNWS already banked all the remaining £7.5M due from Tuffnells, which neatly corresponds to the repayment of debt capital which SNWS are required to make to meet its loan covenants alongside getting net debt below 1 x ebitda. Noting the headline net debt figure was a period-end position, average net debt is £20M higher and we should always be suspicious when those two figures are so far apart.

So we have the two strands of news. All the restrictions on paying a full year dividend up to £10M pa, which is about 4p per share, have been met already. But the net income needed to pay that out and provide whatever funds the business needs has shrunk.

I don't think a football sticker programme will save us because the Qatar World Cup comes after year end. We need to hope DMD serving the air travel market rebounds strongly, and that SNWS continues to find small amounts of bolt-on extra business to offset the decline in core revenues. Another £1-2M would make all the difference.

For that reason, unless H2 magics up the extra net income, my expectation now is that the Final dividend will be another 1.4p to match the 1.4p Interim because it looks like that is all SNWS will safely be able to pay.

The focus now is all about finding a little growth.

Posted at 29/12/2021 16:22 by marktime1231
And if debt is costing 4% but the yield is 10%? The economics of most successful business is that it pays to leverage performance with debt to some extent.

Permanently removing a chunk of stock is not necessarily just to drive the share price, it can be about ensuring dividends are sustainable and progressive. So. Buybacks are sometimes the right thing to do, for example a mature business in a flat market with strong cashflow with a share price at a wide discount to value.

In your view what do you do when SNWS has reduced debt below a reasonable level eg 1 x ebitda, to zero even? In the past it tried paying a huge dividend and got accused of being a value trap, it then tried investing in business development and nearly crashed the company.

If loan covenants limit dividends to 4p and you have to choose between reducing debt beyond target or cancelling some shares, the right thing to do depends on interest rates, yield and share price. In SNWS case it could mean a buyback, with the share price under 65p or so. At 38p it is a great idea, like we should all be wanting to buy some at this price based on prospective yield.

Smiths News share price data is direct from the London Stock Exchange
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