Windsor_Buffet
14 Nov 2018
Re: : LKH Hi thorn, congratulations to you on the SP rise today. I sold out of SMIN a few years ago and was merely playing the smart alec bumping a thread from 5 years ago where I suggested that rather than going for a trade sale of the medical business (no one was interested) it was maybe better to demerge and float the business. Which they’ve just announced. Presume my cheque is in the post. Sorry to see the near demise of the II discussion boards since the website relaunch. I used to always enjoy the input of L.K.Hyman and IvorJay on SMIN.
thorn_standing
14 Nov 2018
Re: : LKH Not entirely dead, just close…Anyway a nice SP rise today
Windsor_Buffet
14 Nov 2018
Re: : LKH Cough, ahem. Just in case this discussion board isn’t completely dead
Ivorjay
04 Jun 2018
ICU Interestingly, as far as I can see, ICU have not put out any statement regarding talks with Smiths Medical. What's the betting the talks will come to absolutely nothing but Smiths will claim this 'untimely intervention' is the main reason for the poor Medical results in the current year, having their eye taken off the ball. Whereas we all know it's really down to incompetence !Luckily the rate of exchange is working to the benefit of Smiths Medical, otherwise dire could be used to describe current year performance.
Ivorjay
29 May 2018
Pie in the Sky ! First it was to Merge with Smith & Nephew in the 90'sThen it was to be sold to CareFusion in 2013& now a JV with ICU in 2018 ..................................& as always the major stumbling block will be the Smiths valuation of their Medical division, which has been in ICU for years !
Ivorjay
29 May 2018
Yet another false dawn ! Why not concentrate on the existing business................Obviously the New Products continue not to deliver.At least this explains the recent Share price strength, despite Smiths overall current trading failing to excite.Why upwardly mobile ICU would want anything to do with failing Smiths Medical beggars belief ! The terms must only be significantly in their favour, otherwise makes no sense for them whatsoever ! Seems Smiths are getting desperate, as internal management continue to fail miserably.This would be a very sad end to what was a brilliant business at the start of the century, R.I.P.
red fox
29 Apr 2018
Sunday Times recommends 'hold' THE SUNDAY TIMES 29.4.18 recommends 'hold' Conglomerates are once again an endangered species. General Electric faces a break-up under new boss John Flannery; GKN has just succumbed to a takeover by Melrose that will ultimately see the 259-year-old business dismembered.Smiths Group is an outlier. While everyone else is busy breaking up, the FTSE 100 engineer is still trying to grow its collection of disparate businesses.Its chief executive, Andy Reynolds Smith, 51, was hired from GKN in 2015 by chairman Sir George Buckley with a remit to grow Smiths — a reversal of his predecessor Philip Bowman’s strategy. The engineer, who got fed-up waiting for the top job at GKN to become vacant, has put his stamp on Smiths. Its shares surged on this new-found optimism, and Reynolds Smith scythed through senior management with gusto. Pensions have been de-risked, insuring big chunks of its liabilities through bulk annuity deals. The idea of breaking up Smiths was put firmly to bed.Lately, though, things have stalled. Almost three years into Reynolds Smith’s tenure, and investors are growing impatient.Reynolds Smith has pinned his hopes on the full-year results, promising a strong surge in revenues.This is not a done deal. First-half revenues fell 1%, and were 4% lower when currency impacts were included. Medical sales, which were flat in the first half, are dependent on the success of new product launches. Sales of scanners and other detection equipment, which tumbled 11% in the first half, hinge on a surge in orders later this year.Reynolds Smith may have killed off the idea of a break-up for now, but he needs to start delivering on his promises. Until then, hold.[link]
gamesinvestor
23 Mar 2018
Re: Oh Dear ! indeed - glad I got out of this one.[link] it oversold?Possibly not yet in this cooling market -- it could just keep falling.Profit has fallen quite a clip.Games
Ivorjay
23 Mar 2018
Oh Dear ! Excuses, Excuses .............................................. Buzz Word Slogan failure continues What is going onAnother sad day for SMIN
Ivorjay
30 Jan 2018
Yet another one .................. .................... bites the dust !I know, let's have a reorganisation, we haven't had one in 2018, YetDetection seems to be the hardest word !
Ivorjay
22 Jan 2018
Tinkerman It's a great plan.......................... get rid of some & buy others.Basic problem though is anybody can sell businesses below market value (Bearings, Artificial Lift & IVF to name three) and then pay top dollar for an acquisition, namely Morpho who's performance to date has disappointed. What will be next I wonder.We either need a serious large acquisition or get rid of an entire division or two otherwise current trading will continue to disappoint the market.
Ivorjay
12 Jan 2018
Good News on Tax However, to maximise potential benefit, decent levels of Profit have to be made.I would suggest meeting 'Management Expectations' are no longer good enough, as they are set very low and undemanding.We need growth, and the first half year results to date are somewhat lagging.Shares at £16.35 are a definite sell.
Ivorjay
06 Dec 2017
Creating the Future ! ............... ..................... Well, that's a new oneIf the recent past is anything to go by, then God help us.
Ivorjay
14 Nov 2017
Fuel for growth .................. ........................ Springs a leak ! Pathetic.Well that was a brief statement, really puts us in the picture ?Time for yet another trendy catch phrase me thinks ( I'd use : Huge Bonus for abject failure)Going nowhere fast, time for a new captain maybe.C.O'S must be having the last laugh on his allotment
Ivorjay
17 Oct 2017
Light Weight JFS - To make a clean sweep ?Oh dear, surely Smiths could have done better !
