raptor66
29 Jan 2016
Re: looks as if someone threw the baby with the bath water and now retrieving it today.
Spieler
28 Jan 2016
raptor: seems strange when RPC posted good results.
raptor66
28 Jan 2016
Re: Playing catch-up with other loosers.
Spieler
28 Jan 2016
Dropping..... what is going on?
MJS1234
04 Dec 2015
Tempus is positive From this morning's TempusGLTAMJSDS Smith has set itself various performance criteria to beat, and duly beaten them DS SmithRevenue £1.95bn Dividend 4p It is now more than five years since Miles Roberts arrived as chief executive of DS Smith and vowed to make it the leader in recycled packaging for consumer goods. As mission statements go this is not exactly up there with putting a man on the Moon, but he has achieved his aim. The company has set itself various performance criteria to beat, and duly beaten them. Return on sales then was below 5 per cent; today it is 9.4 per cent, at the top of the stated 8 to 10 per cent range. DS Smith has done this, along with other packaging companies in different areas such as Mondi and RPC, by buying smaller businesses in Europe, putting them together and cutting costs. It has also worked closely with customers such as the big supermarkets in developing the sort of packaging they need to promote greater efficiencies. The figures for the half-year to the end of September on the face of it suggest this process is going into reverse, which may explain the market’s perverse reaction to mark the shares 21½p lower to 395p. Revenues are off by 1 per cent, pre-tax profits by more than a quarter to £91 million. Revenues, though, were hit by the fall in the euro against the pound — DS Smith has less than a quarter of its sales in the UK. At constant currency rates they were up by 6 per cent. Profits were hit by £48 million of exceptional restructuring costs, including the closure of a paper mill in the UK, and adjusting for this they were up by 5 per cent, even allowing for negative currency movements, at the operating level. The key indicator, like-for-like volume growth, which indicates market share gains, is meant to beat GDP by 1 per cent. It came in a further percentage point ahead of this. DS Smith spent about €500 million on three acquisitions in the period, and picked up another in Turkey since the end of the first half. The assumption is that such deals can continue at a similar pace, stoking up the engine for further progress in due course. There are certainly, as the other acquirers have found, any number of smaller packaging companies seeking new ownership as markets become more difficult or succession issues loom. The shares sell on 15 times earnings. The price fall looks an attractive buying opportunity. MY ADVICE BuyWHY Market’s reaction is hard to fathom. DS Smith is still performing well by all the criteria it uses and building in future growth
sharegardener
03 Dec 2015
Re: Interims : Mixed Bag There are also FX changes with Euro 1.28 in FY14-15 vs 1.35 to 1.40 this year with most earnings in Euros. Net debt is 906M pounds but 500M eurobond avoids currency translation. If the euro strengthens it will work in our favour.Looking again at the capital markets presentation from october, the expansions coming out of the new acquisitions will only start to appear in 15/16 second half and through 16/17 as you say.They now have more capacity across eastern europe where a lot of DS international customers like Mondelez are also expanding. SG
II Editor
03 Dec 2015
NEW ARTICLE: Confident DS Smith is boxing clever " Packaging group LSE:SMDS
S Smith has recovered from last year's de-rating and is building decent momentum despite stiff headwinds. Consolidation is an ongoing theme in the industry, and acquisitions have played a major role in the 75% rally ..."[link]
Boring Bernie
03 Dec 2015
Interims : Mixed Bag At first glance, these don't look like great results. Though adjusted op profit is up, PBT is down, as is cashflow, which always makes me look at the exceptionals to see if they really are one-offsOn the face of it though, they are exceptionals in that the main hits are restructuring and impairment of assets due to the closure of Wansbrough. We'll be getting another 30 million or in H2 related to Wansbrough and Lantero, but it should, hopefully settle down after that.Happy to hold at the moment, but I think it'll be 2016/17 when we start to get some decent sp growth again, but I've wrong many times before.
oldjoe1
03 Dec 2015
SMDS, Cracking Results.... SMDS DS Smith (packaging)Solid results this morning with outlook looking strong.[link]
sharegardener
02 Dec 2015
wholly owned shares! From the recent RNS it seems that 5.3% of the company shares are owned by.....'Threadneedle Asset Management Limited is wholly owned by TC Financing Limited, which is itself wholly owned by Threadneedle Asset Management Holdings Limited, which is itself wholly owned by TAM UK Holdings Limited, which is itself wholly owned by Threadneedle Holdings Limited, which is itself wholly owned by Threadneedle Asset Management Holdings SARL, which is itself wholly owned by Ameriprise International Holdings GmbH, which is itself wholly owned by Ameriprise Financial, Inc.'No wonder these fund managers have such steep charges!SG
raptor66
01 Oct 2015
Dividend DividendThe proposed final dividend is 7.7 pence (2013/14: 6.8 pence), giving a total dividend for the year of 11.4 pence (2013/14: 10.0 pence). Dividend cover before amortisation and exceptional items was 2.1 times in 2014/15 (2013/14: 2.1 times). The final dividend will be paid on 2 November 2015 to shareholders on the register at the close of business on 2 October 2015.
oldjoe1
25 Sep 2015
SMDS Broker Upgrade............ <b>DS Smith plc Receives Buy Rating from Jefferies Group (SMDS)September 24th, 2015</b>Jefferies Group reissued their buy rating on shares of DS Smith plc (LON:SMDS) in a report published on Thursday morning, MarketBeat.com reports. Jefferies Group currently has a GBX 435 ($6.75) target price on the stock.In related news, insider Roberts,Miles sold 675,698 shares of the firm’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 407 ($6.32), for a total transaction of £2,750,090.86 ($4,269,664.43).Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus restated a buy rating and set a GBX 423 ($6.57) price target on shares of DS Smith plc in a report on Monday, June 15th. Canaccord Genuity reiterated a buy rating and issued a GBX 370 ($5.74) target price on shares of DS Smith plc in a report on Thursday, June 25th. Investec raised their price target on shares of DS Smith plc from GBX 410 ($6.37) to GBX 430 ($6.68) and gave the stock a buy rating in a research report on Thursday, June 25th. Berenberg Bank lifted their target price on shares of DS Smith plc from GBX 350 ($5.43) to GBX 375 ($5.82) and gave the company a hold rating in a research report on Friday, August 21st. Finally, Goldman Sachs boosted their price target on shares of DS Smith plc from GBX 380 ($5.90) to GBX 430 ($6.68) and gave the company a neutral rating in a research report on Wednesday, September 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 395.10 ($6.13). DS Smith plc (LON:SMDS) opened at 402.9000 on Thursday. The company’s market capitalization is GBX 3.79 billion. The stock’s 50 day moving average price is GBX 400.03 and its 200 day moving average price is GBX 379.15. DS Smith plc has a one year low of GBX 231.82 and a one year high of GBX 423.70.DS Smith Plc is a holding company. The Company provides corrugated packaging alternatives throughout Europe together with plastic packaging solutions globally. In order to support corrugated packaging operations. The Firm has a recycling company that accumulates corrugated cardboard and used paper, where the recycled paper utilized in corrugated packaging is made by the paper manufacturing facilities of the Company. DS Smith also design and fabricate particular kinds of plastic packaging. The Plastics businesscomprises two components, flexible packaging and dispensing (LON:SMDS) and returnable transit packaging (RTP). The FP&D business in the usa has had a great year, providing good profit growth as the company has found continued success of its Trutap merchandise and of tea-urn linings. In its European operations, it continues to be a year of investment, with an amazing reorganization in the European FP&D business.
oldjoe1
16 Sep 2015
SMDS Looks technically Very Strong...... SMDS DS Smith PLCSP moving towards top of the uptrend channel where hopefully we will have a breakout and a new upleg. [link] (DS) share price information</u>Name Smith (DS) Epic SMDSSector General Industrials ISIN GB0008220112Activites DS Smith Plc is an international Group focused on two major activities - Packaging and Office Products. It holds strong positions in many of the markets in which it operates: A leading manufacturer of corrugated packaging in the UK and France; The leading UK producer of recycled paper board; The largest UK collector and merchant of recovered paper; A leading worldwide supplier of bag-in-box packaging; The leading European wholesaler of office supplies. Index FTSE 250Latest share price (p) 408.15 Net gearing (%) 66.28Market cap (£m) 3,756.84 Gross gearing (%) 69.16Shares in issue (m) 942.04 Debt ratio 52.54P/E ratio 24.02 Debt to equity ratio 0.49Divs per share (p) 11.40 Assets / equity ratio 3.24Dividend yield (%) 2.86 Price to book value 3.69Dividend cover 1.98 ROCE 0.08Earning per share (p) 16.60 EPS growth (%) 10.6752-week high / low (p) 423.70 / 231.90 DPS growth (%) 14.00<u>Smith (DS) broker views,</u>Date Broker Recommendation Price Old target price New target price Notes16 Sep Goldman Sachs Neutral 408.15 380.00 430.00 Resumes09 Sep Jefferies International Buy 408.15 435.00 435.00 Reiterates08 Sep Investec Buy 408.15 450.00 450.00 Resumes08 Sep JP Morgan Cazenove Overweight 408.15 420.00 440.00 Retains21 Aug Berenberg Hold 408.15 350.00 375.00 Reiterates
oldjoe1
09 Sep 2015
SMDS Broker Update....... <b>DS Smith plc Price Target Increased to GBX 440 by Analysts at JPMorgan Chase & Co. (SMDS)</b>September 8th, 2015Research analysts at JPMorgan Chase & Co. lifted their target price on shares of DS Smith plc (LON:SMDS) from GBX 420 ($6.38) to GBX 440 ($6.68) in a report released on Tuesday, MarketBeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 11.87% from the company’s current price.DS Smith plc (LON:SMDS) opened at 397.500 on Tuesday. The stock’s 50 day moving average is GBX 398.28 and its 200 day moving average is GBX 376.22. The company’s market cap is GBX 3.74 billion. DS Smith plc has a 12 month low of GBX 231.82 and a 12 month high of GBX 423.70.The company also recently disclosed a dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a dividend of GBX 7.70 ($0.12) per share. This represents a dividend yield of 1.97%. The ex-dividend date is Thursday, October 1st. A number of other equities analysts have also commented on SMDS. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 423 ($6.42) price objective on shares of DS Smith plc in a report on Monday, June 15th. Jefferies Group reiterated a “buy” rating and issued a GBX 410 ($6.23) price objective on shares of DS Smith plc in a research note on Wednesday, June 10th. Investec raised their target price on DS Smith plc from GBX 410 ($6.23) to GBX 430 ($6.53) and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 370 ($5.62) price objective on shares of DS Smith plc in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. DS Smith plc presently has an average rating of “Hold” and a consensus price target of GBX 390.10 ($5.92).In other news, insider Roberts,Miles sold 675,698 shares of DS Smith plc stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 407 ($6.18), for a total transaction of £2,750,090.86 ($4,176,295.91).DS Smith Plc is a holding company engaged in the supply of recycled packaging for consumer goods. The Organization supplies corrugated packaging solutions throughout Europe together with plastic packaging solutions worldwide. To be able to support corrugated packaging businesses. The Firm has a recycling business that accumulates corrugated cardboard and used paper, from which the Firm’s paper production facilities make the recycled paper utilized in corrugated packaging. DS Smith design and make particular types of plastic packaging. The Plastics business consists of two components, flexible packaging and dispensing (LON:SMDS) and returnable transit packaging (RTP). The D & FP company in the US has had a very good year, providing profit increase that is good as the company has found continuing success of its Trutap merchandise and of tea urn liners. In the European FP&D company, it is a year of investment, in its European operations having a substantial reorganization.
oldjoe1
27 Aug 2015
SMDS Broker Buy Views......... Broker Views for Smith (DS)SummaryChartNewsTradesDirector dealsBroker viewsDate Broker Rec. Price Old target price New target price Notes21 Aug 15 Berenberg Hold 390.20 350.00 375.00 Reiterates05 Aug 15 Jefferies International Buy 390.20 435.00 435.00 Reiterates20 Jul 15 Investec Buy 390.20 - 450.00 Resumes
