raptor66
21 May 2017
The Share Centre On DS Smith Packaging company DS Smith (SMDS) is The Share Centre’s share of the week thanks to strong earnings now feeding through into dividend payments.The company, which provides corrugated and plastic packaging and recycling services, has benefited from the growth in online retailing where cardboard packaging is widely used.Analyst Ian Forrest said the latest trading update also pointed to the fact that ‘recently acquired businesses have made solid progress and the group therefore expects to deliver on all five of its medium term financial targets’.He said the company had a good track record of ‘boosting growth with well-judged acquisitions’.‘Strong earnings are now feeding through into dividend payments, which have increased substantially in recent years, and the prospective yield now stands at 3.6%,’ said Forrest.‘Combine this with good sales growth, a solid record with acquisitions and a cost-cutting plan, we continue to recommend DS Smith as a “buy”. The shares are suitable for investors seeking a mixture of income and growth but also willing to accept a higher level of risk.’At the time of writing the shares were trading down 0.6%, or 2.4p, at 434p.
Boring Bernie
08 Dec 2016
Interims These were perhaps a little better than expected, and the market seems to like them. It looks like full year adjusted eps will be in the low 30's and, at first glance, cash flow looks very good. The sp has done nothing special for a while now, and I think I had something like 460/470p as the top end of fair value, but might just push that up a bit.
raptor66
08 Dec 2016
Dividend The Board declares an interim dividend for this half year of 4.6 pence per share (H1 2015/16: 4.0 pence per share). This represents an increase of 15%, demonstrating the confidence of the Board in the outlook for the Group and the considerable volatility in the sterling exchange rate in the half year. The dividend will be paid on 2 May 2017 to ordinary shareholders on the register at the close of business on 7 April 2017.
WOisME
05 Aug 2016
Re: NK: Miles Roberts, 52, chief exec, D... The exercise of his share options for £0.00 would realise taxable income of £2,993,696 and tax due of £1,347,163 approx. The value of the shares sold did not even cover the whole of the tax due and so that is more a vote of confidence that a negative action.
Boring Bernie
05 Aug 2016
Re: NK: Miles Roberts, 52, chief exec, DS Sm... The mail article is only part of the story though.He held onto a fair % of the shares issued, so I'd guess part of the reason for the sale is related to tax planning. To be fair, it also looks like there's a bit of profit taking there as well.The last time I can see he did something similar was back in 2014 ( see [link] )at which point he sold shares at 275p. Maybe he should have held on a bit back then ?Director sells are never good news, but they're not necessarily bad news.
quepass
03 Aug 2016
Re: NK: Miles Roberts, 52, chief exec, DS Smith cashes in shares worth Followed him out the door as well today
idontwanttolose
02 Aug 2016
NK: Miles Roberts, 52, chief exec, DS Smith cashes in shares worth Seems like Miles Roberts chief exec ignored "Questors advice"Miles Roberts has cashed in after selling shares worth more than £1.8million.The DS Smith boss, who lives in a six-bedroom house in Hertfordshire worth £2.2million with his wife Gillian and their four children, sold 456,026 shares in the packaging company at 395p each.It leaves the couple, who sold £5.6million of shares in 2013, with a holding of 1.6million shares equivalent to a stake of 0.2 per cent in the company, worth £6.4million. It comes a month after the company reported its annual results which saw revenues rise 9 per cent to £4billion in the year to April 30, while profits grew 16 per cent.[link]
nk1999
26 Jun 2016
Telegraph- Questor "DS Smith412½p +25.6pQuestor says HOLDPackaging group DS Smith has a good track record of inflation beating dividend increases and the full-year results out yesterday, which sent the shares soaring more than 6pc higher, underpin another strong period of growth........The deal making has increased risks to shareholders with net debt levels rising £450m during the year to £1.1bn at the end of April. The reassuring point for investors is that the company has a habit of reducing debt levels quickly because it generates plenty of cash.The shares look decent value trading on 12 times forecast earnings and offering a forecast dividend yield of 3.6pc.The dividend has more than doubled during the past four years, easily outpacing inflation.The only note of caution we would sound is that packaging has a history of being a cyclical business. If we apply an average of the earnings per share from the past five years, which smooths out business cycles, the shares trade on a not so cheap 21 times earnings.That said, the company is growing earnings, the full-year dividend should rise by about 8pc and we’d be happy to hold for the income."[link]
sharegardener
24 Jun 2016
Re: Results due on referendum day Finals Presentation looks encouraging but intended to portray favourable outlookslide 16 Div per share CAGR = 26% for 5 yrs. Slide 33 shows over 60% of revenue is in Euro.From the March trading update conference call: CEO & CFO responses to the Brexit question:MR - ''And on Brexit it's very interesting because the UK is obviously one of the countries that we work in, we've got a fabulous presence here and absolutely it's a very important area but at any one time we have quite a few local issues, we've just had one with Catalonia and people wanting to break away. It is possible that 200000 votes are reached in the Netherlands and the Netherlands go for some sort of referendum, we've got Tyrol etc. At any one time when the economic environment is difficult we face these countries potentially breaking away. It doesn't have any particularly onerous near-term consequences. I think we tend to produce and supply in a single country, obviously where there are borders in Europe you get more flows but the UK is certainly a more contained market because you just can't transport the corrugated packaging really cost-effectively across the Channel.So we don't think it will have a material effect on us, certainly in the short-term. I think in the longer term it just depends what our customers do, if they start to shift production overseas; if they do, then obviously we will seek to rebalance but I think that will be in the longer term. We do plan for these things; we plan for it for Catalonia, we plan for it for lots of places, we planned for it for Scotland. We work with our customers on a pan-European basis and obviously we're in Greece as well; we're the market leader in Greece by some way and we worked very closely with our customers there when I think there was a real danger that it was going to come out of the Eurozone but we planned for that and worked with our customers and they were very clear with us that they have manufacturing centres around Europe, they pay us in a certain currency and whether the economy is in or out it doesn't make very much difference.''AM - We manage the balance sheet accordingly so we don't foresee issues on that front. Our businesses are headquartered in Europe, in Brussels. The UK for us is a head office and a local market but as Miles said, we plan for it, we work through the consequences. It's a question we get asked a lot, a lot of shareholders are interested; I think we give reasonable comfort that...You don't know what you don't know but in terms of how it will impact our business, we see it as negligible if at all in the very short-term and then as Miles said longer-term for the UK specifically, I mean there will be issues around capital investment and where some of our customers locate but the advantage of having as much pan-European business and in Europe as we are, we think we're pretty well insulated.''GLTA through the turbulence! SG
Boring Bernie
23 Jun 2016
Re: Results due on referendum day That " up ~75 to ~415p" should read up ~7.5% to ~415pBloody phone !
Boring Bernie
23 Jun 2016
Re: Results due on referendum day The market appears to have given te results an initial thumbs up tejo ( up ~75 to ~415p as I type )A quick glance through the report suggests most of the headline figures suggest underlying profits are growing between 10 and 15% IFRS profit is pretty flat though. But If we get growth of ~12% in the current FY that'd put us on a forward eps of ~30p so fair value is probably anything up to something like 460/470p ?Anything much above that and I'd be tempted to take profits
raptor66
23 Jun 2016
Dividend DividendThe proposed final dividend is 8.8 pence (2014/15: 7.7 pence), giving a total dividend for the year of 12.8 pence (2014/15: 11.4 pence). Dividend cover before amortisation and exceptional items was 2.1 times in 2015/16 (2014/15: 2.1 times) and dividend growth is consistent with earnings growth at actual exchange rates.The final dividend of 8.8 pence per share will be paid on 1 November 2016 to ordinary shareholders on the register at close of business on 30 September 2016.
tejo
21 Jun 2016
Results due on referendum day Results due on Thursday but there is a competing attraction!
tejo
05 Apr 2016
Currency benefit The already weak £ should be of material benefit to SMDS in view of the strength of their European businesses, especially in the comparatives. This well managed business looks to be in a good position irrespective of the referendum vote and may even gain a little from the Mondi problems. have added a few to-day.
Boring Bernie
15 Mar 2016
Last week's Trading Update ... ... was unspectacular, but reassuring. The city seems to have given it the thumbs up and pushed the sp back above £4 again. The sp has been stuck in a rut for a while so, who knows, it might at last break through 450p ?
