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SNWS Smiths News Plc

62.00
0.80 (1.31%)
Last Updated: 10:17:47
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
  0.80 1.31% 62.00 150,649 10:17:47
Bid Price Offer Price High Price Low Price Open Price
61.20 62.00 62.00 62.00 62.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Books & Newspapers-wholesale 1.1B 24.7M 0.0997 6.22 151.57M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:40:28 O 361 61.864 GBX

Smiths News (SNWS) Latest News

Smiths News (SNWS) Discussions and Chat

Smiths News Forums and Chat

Date Time Title Posts
19/11/202416:38Smiths News Old name, refocused strategy1,240

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Smiths News (SNWS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:40:2961.86361223.33O
10:32:3660.93140,00085,302.98O
09:46:1062.0012979.98AT
09:18:5961.273219.61O
09:12:4662.53318198.85O

Smiths News (SNWS) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 61.20p.
Smiths News currently has 247,659,200 shares in issue. The market capitalisation of Smiths News is £153,548,704.
Smiths News has a price to earnings ratio (PE ratio) of 6.22.
This morning SNWS shares opened at 62p
Posted at 19/11/2024 13:06 by rolo7
Edison note on snws website target price 94p and 27p of dividends possible before end 2028.
Posted at 06/11/2024 09:09 by aishah
Berenberg: Smiths News delivering the goods

Newspaper and magazine wholesaler Smiths News (SNWS) can deliver expansion beyond its current verticals, says Berenberg.

Analyst James Fletcher retained his ‘buy’ recommendation and target price of 70p on the stock, which rose 8.4% to 61.8p on Tuesday and has risen 25% over the last 12 months.

Full-year results from the group were slightly ahead of Fletcher’s expectations, with earnings of £39.1m versus his £38.3m forecast.

‘The highlight was the announcement of a 2p special dividend, taking full-year 2024 dividend per share to 7.2p, equivalent to a 12.5% yield at the current share price,’ he said.

‘Smiths News will return a total of over £17.2m with respect to full-year 2024, realising the benefits of the recently revised capital allocation policy, which will also see enhanced ordinary dividends and reduced interest costs.’

Fletcher said the FTSE All-Share-listed company was investing for growth and he saw ‘expansion beyond the current verticals as potentially offering a strong growth counter to future circulation declines, while continuing to generate high levels of free cash flow and attractive dividends’.
Posted at 05/11/2024 13:24 by kenmitch
Agree with davidosh and others positive about SNWS. It’s been a great lockaway share for those of us who bought several years ago not far off half the current price. Those investing then when the dividend yield was near to 10% have already had more than half their stake back in dividends. Now they/we are getting a near 20% dividend.

It had been clear that there could be no dividend increase until debt was down significantly but every update has been positive so (barring shock bad news that can hit any share) the time was sure to come when they could increase dividends. Not a share for big further capital gains unless SNWS falls to a bid, but a classic income share with that very high chance of further dividend increases to come, and a starting yield at 62p of near to 12%.
Posted at 05/11/2024 13:10 by stevensupertrader
SNWS new initiative ie to deliver books, entertainments and grocery goods to build on the newspapers delivery is starting to
see growth , started in year 2023 of generating £700k to £2m profit added to the ‘bread and butter ‘ business plus cost cutting of £5.6 m to a good bottom line figure that able to allow CEO and Board increase the final dividend to over 20% plus special dividend this financial year.
Sure to be more of this in the coming years to come if the new initiative side of the business take off.
Current share price is a bargain and opportunity to buy imo
Posted at 05/11/2024 10:25 by davebowler
Edison -
Smiths News’ FY24 trading was robust and results came in ahead of consensus. This, along with the debt refinancing announced in May, has resulted in lower average debt, which in turn has allowed the company to implement its revised capital allocation policy (communicated in May) and its diversification ambitions. Furthermore, it has lifted its total ordinary dividend from 4.15p to 5.15p/share and announced a ‘special’; dividend of a further 2.0p/share. Year end Revenue (£m) PBT* (£m) EPS* (p) DPS (p) P/E (x) Yield (%) 08/23 1,091.9 33.4 11.3 4.2 5.1 7.3 08/24 1,103.7 34.1 10.6 7.2 5.4 12.5 08/25e 1,038.0 35.0 11.1 5.3 5.1 9.3 08/26e 1,006.8 35.0 11.1 5.3 5.1 9.3 Note: *PBT and EPS are normalised, excluding amortisation of acquired intangibles, exceptional items and share-based payments. Smiths News’ FY24 results were ahead of market expectations, with adjusted operating profit coming in at £39.1m, £0.3m ahead of last year and £0.9m ahead of market consensus. Key elements of the better result were the 53rd week of trading, the contribution from sales of the men’s UEFA European Championship sticker collections and a £2.0m (FY23: £0.7m) contribution from organic, low-risk growth initiatives. Cost savings of £5.6m offset inflationary pressures across the business. Average net debt continued to fall, from £25.0m to £11.7m, and along with the refinancing completed in May, led to lower interest costs in the year. The refinancing also removed the £10m pa dividend cap, which has allowed Smiths News to implement a revised capital allocation policy. The new policy includes: 1) the maintenance of a strong balance sheet (bank net debt to bank EBITDA of less than 1x, currently 0.3x), 2) continued investment in news and magazines as well as organic growth initiatives, 3) the payment of a sustainable 2x covered ordinary dividend, 4) a disciplined approach to bolt-on acquisitions, and 5) further returns to shareholders as appropriate. To this end, Smiths News will propose a total ordinary dividend for the year of 5.15p/share (cost £12.8m), plus a 2.0p/share ‘special’; dividend (cost £5.0m), bringing the total dividend payable for the year to 7.15p/share. Overall revenue was £1,103.7m, up 1.1% y-o-y, but excluding 1.9% that related to the 53rd week implies a decline of 0.8%, which is better than the long-run average decline of 3–5% pa. Excluding the additional week, newspaper revenue was up 1%, driven by new contracts and cover price rises, offset by volume decline. In magazines, revenue fell 3.2% on a similar basis, again outperforming the 10-year average decline of 6% pa. Following the signing of numerous publisher agreements in recent periods, Smiths News now has c 91% of revenues renewed until 2029 and can look forward to relative stability in the core business, with exciting potential in the growth initiatives. Our forecasts are under review following the results and the changes to National Insurance outlined in last week’s budget.
Posted at 03/10/2024 06:44 by lord gnome
Agreed fenners, but it's pretty marginal whichever way you look at it. With cover price inflation contributing to top line growth it is quite evident that the volume continues to shrink. For a serious rerating by the market we need a sure fire growth venture and this is where the last management came unstuck. For my part, a 10% yield and a steady share price will suffice as I am here for the income.
Posted at 02/10/2024 16:44 by marktime1231
Aha!

A 53 week year cf a 52 week year accounts for up to 1.9% of the 1.1% "growth".

No growth then, maybe as much as a 0.8% or £8-9M revenue decline on a level comparison basis. That confirms my previous conclusion, SNWS has to work jolly hard to find ancillary revenues and specials to offset the underlying business contraction, rowing against a strong ebb tide which is not covered by price increases.

SNWS is still losing the topline battle, but appears to have won the bottom line challenges through cost control and debt reduction. How much it thinks it can sustainably distribute to shareholders is hard to say, but announcing a 3.5p final on 5 Nov would not surprise me and it would light up the share price

Trying to decide whether to risk taking a chunk in my SIPP for the short-medium term income prospect, or a trade betting that the share price will appreciate strongly in the run to ex-div next January. Hmmmm. One to sleep on.
Posted at 23/4/2024 08:42 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 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 26/6/2023 15:50 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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