Smurfit Kappa Share Discussion Threads

[essentialinvestor] 13/5/2019 12:40

Around 21 is my add level, if it gets there.

[1nf3rn0] 03/5/2019 07:35

Revenue up 7%EBITDA up 25%EBITDA margin 18.3% (up from 15.7% in Q1 2018 and 13% in 2017).

[soundbuy] 03/5/2019 07:22

Terse but pleasing read......

[essentialinvestor] 25/4/2019 16:24

Reaction to the IP Q1 looks ok, just had a quick scan of the summary.

[essentialinvestor] 24/4/2019 20:01

BAML warning on overcapacity in the sector recently.
Something to pay close attention to. IP report this week from memory.

[moorsie2] 03/4/2019 17:59

72 cent a share - paid on 10th May for those on register 12th April

[moorsie2] 03/4/2019 16:59

Good spot. Maybe.

What is the dividend value per share for tomorrow?

[essentialinvestor] 03/4/2019 16:30

Dividend buying perhaps, XD tomorrow.

[moorsie2] 03/4/2019 16:15

looks like some speculation has returned to the share vis a vi an offer for the company coming forward in the next few months....

[essentialinvestor] 03/4/2019 10:58

Ah well I would be more excited if it was a decent sized holding,
it's not.

[moorsie2] 03/4/2019 10:47

that was a nice quick 10% for you EI :)

[essentialinvestor] 27/3/2019 12:43

Added another small amount at 20.86.

[essentialinvestor] 26/3/2019 13:22

Added a small amount at 21.10.

The next sector update will be interesting. Will we get some evidence
of a slowdown.

Sharp scope for earnings downgrades if that happens, given the operational gearing.

[catcheymonkey] 21/3/2019 18:47

Ah gotcha. I picked up that RNS last Thursday (14th), hence my confusion. Yes, I agree - probably plugging the gap from Venezuela. Good stuff

[ygor705] 21/3/2019 17:40

SKG buying out the minority interest in its Colombian operation for 90 million euros. Colombia right next door to Venezuela.

[catcheymonkey] 21/3/2019 09:45

What announcement is that?

[ygor705] 21/3/2019 09:03

Looks like SKG are looking to plug a hole created by Maduro's seizure of its operations in Venezuela last year. Difficult to believe that this morning's announcement is not connected in some way. Market seems to like it!

[moorsie2] 12/3/2019 10:48

This stock will benefit from the rise in Sterling - as 90% earnings in Euro or dollar linked so the valuation is in euros and thus the sterling valuation benefits.

Compare to SMDS their main listing is in pounds and thus euro and dollar earnings drop in value when sterling rises. Another interesting difference for the coming months..

[essentialinvestor] 11/3/2019 15:11

Sold Fridays lot.

[essentialinvestor] 09/3/2019 19:32

Interesting to note some of the private equity buying in the sector of late.

They often work on a 3-5 years timeframe, so I'm guessing they ride the next
cycle down turn, harvesting the cashflow, act as a consolidator, and exit as the sector enters
the next up cycle.

SKG available on 8X earnings, the market appears to have concluded we have
seen peak cycle this time round.

[essentialinvestor] 08/3/2019 13:06

Added a second lot at 21.01. next buy level under 20.50/45 area.

[essentialinvestor] 08/3/2019 12:00

Mondi has slightly lower debt metrics than SKG,
however even allowing for that I can't justify the multiple differential.
Now they are not carbon copy businesses, however there are many similarities.

[soundbuy] 08/3/2019 11:56

Yep, follow the 3 of them.........just realised i was referencing MNDI, not SKG.......DS Smith not immune......

[essentialinvestor] 08/3/2019 11:48

The macro concern is there are multiple signs of slowing global growth atm.

Mondi have already referenced some mixed pricing on their recent outlook.