SaraRacano
02 Jan 2019
Let's hope for you lot that I am not the kiss of death, but DEBT the problem? I agree with you but is this the exception. If any given society is mainly immunised then it shouldn´t happen. The case is telling you some-thing about the source, it´s a strain that doesn´t originate western side of the world! Even if vaccinations did work, you would have to be vaccinated against all strains. BTW - Jake had measles, what were the long term health effects? Is Jake, going to be OK? From what we are told, Jake had the worst form of measels yet amazingly he is still very much healthy! Amazing! Another one smoking & lung cancer, is this a fact? Why then is lung cancer mainly a male disease 5/1, the ratios have steadily increased since the 1900´s. There must be other variables!
frog_in_a_tree
02 Jan 2019
Let's hope for you lot that I am not the kiss of death, but DEBT the problem? One exception does not prove the rule…as you must know.
SaraRacano
02 Jan 2019
Let's hope for you lot that I am not the kiss of death, but DEBT the problem? Ignorance certainly does kill! How do you explain this then frog? mirror – 13 Dec 18 Boy, 8, gets 'worst case of measles doctor had seen' despite two MMR jabs Helen Spilsbury, 33, of Manchester, was shocked because she thought her son Jack was already protected against measles, mumps and rubella
frog_in_a_tree
22 Dec 2018
Let's hope for you lot that I am not the kiss of death, but DEBT the problem? Sara, Here’s one for you. From the BBC website: “Measles cases are at their highest level for 20 years, the Guardian reports - with double the number of outbreaks and deaths in Europe in 2018 compared with last year. According to the paper, health experts have blamed the rise on the anti-vaccine movement which is leading to fewer people being immunised.†The Guardian links anti-vacc to the populist and far right movements. Me, I just say it is the triumph of ignorance over knowledge. Ignorance kills! Frog in a tree
SaraRacano
22 Dec 2018
Let's hope for you lot that I am not the kiss of death DEBT the problem Just a general look at these you cannot help feel gross manipulation by the directors (huge share buy-back programmes. "Over the past year, SMWH has ramped up its debt from UK£31.00M to UK£34.00M . With this rise in debt, SMWH currently has UK£38.00M remaining in cash and short-term investments , ready to deploy into the business. Additionally, SMWH has generated UK£148.00M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 435.29%, meaning that SMWH’s operating cash is sufficient to cover its debt. This ratio can also be interpreted as a measure of efficiency as an alternative to return on assets. In SMWH’s case, it is able to generate 4.35x cash from its debt capital." With current liabilities at UK£272.00M, the company has not maintained a sufficient level of current assets to meet its obligations, with the current ratio last standing at 0.89x, which is below the prudent industry ratio of 3x. With a debt-to-equity ratio of 18.18%, SMWH’s debt level may be seen as prudent. SMWH is not taking on too much debt commitment, which may be constraining for future growth. We can check to see whether SMWH is able to meet its debt obligations by looking at the net interest coverage ratio. A company generating earnings before interest and tax (EBIT) at least three times its net interest payments is considered financially sound. In SMWH’s, case, the ratio of 69x suggests that interest is comfortably covered, which means that debtors may be willing to loan the company more money, giving SMWH ample headroom to grow its debt facilities. SMWH has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level. But, as shareholders, you should try and determine whether this level of debt is justified for SMWH, especially when liquidity may also be an issue. Keep in mind I haven’t considered other factors such as how SMWH has been performing in the past. I recommend you continue to research WH Smith to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for SMWH’s future growth? Take a look at our free research report of analyst consensus for SMWH’s outlook. Valuation: What is SMWH worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether SMWH is currently mispriced by the market. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. [link]
SaraRacano
21 Dec 2018
This has to be ripe for a short! Jesus! The first thing to go during hard times are luxary holidays. I cannot believe they are so high. Normally aquisitions are made at the tops of markets & stack the company up with lots of debt. It looks as though a bear market is setting in. I am quietly confident. Any bulls want to play 10p a point?
Bowman
15 Nov 2018
A true investment An interesting article [click here to view] that sums up SMWH fairly well. Today’s drop is purely Brexit related and ignores all the positive points related to SMWH; potentially this could be a good time to add this to one’s portfolio (or to top up), provided one believes that the markets are not poised to fall further, in which case it might be possible to pick them up cheaper - it just depends on one’s view. I already have a holding at the upper end of the size I like so I probably will just continue to hold.
Bowman
09 Nov 2018
SMWH : Acquisition Bowman: There is cause for cautious optimism that the sp can regain the 2000 level in the coming months, Well I was way out on my time frame, here we are 9 days later and we are banging on the 2100 level. It certainly seems as if the markets like the acquisition, since the FTSE is virtually unchanged since my original post but SMWH is up about 15% (or 20.5% since the acquisition was announced). smwh.png2812x2054 250 KB
Bowman
31 Oct 2018
SMWH : Acquisition SaraRacano: just another high street, travel agents EH! Have you actually looked at what SMWH does as a business? [click to see what they do] They are definitely not travel agents, and it seems from your comments that you view SMWH as a Dodo. I wish I had other shares in my portfolio that were also such duds, since these have now risen by 14.5% in 3 days. Today’s jump was on volume twice the average over the past months, and yesterday’s jump was on 3 times average volume, so it seems that many are buying into the growth potential you say is missing. I have been hearing about the impending demise of SMWH for longer than I have been hearing about the impending collapse of the Euro and the EU.
SaraRacano
31 Oct 2018
SMWH : Acquisition Basically just another high street, travel agents. “The travel retail market in North America for digital accessories offers significant growth potential.†What’s digital accessories"? I never knew travel agencies was such a growth area.
Bowman
31 Oct 2018
SMWH : Acquisition There wasa short series of posts made about SMWH on a differernt non-SMWH thread as shown below where I got the impression that the Users making the comments still thought of SMWH as a pure UK High Street play. Not Looking Good For Housebuilders Market Discussions I have them at 54p. What do you think about WH Smith? It already looks in bear territory. From 2100p in 2013, to around 1700p today. This business model has me absolutely astounded how they have survived. Books have gone online, “newspaper†sales have dived since the end of of 99. CD´s/DVD´s (confined to history). Travel agency (DIY these days). Not sure too much if people buy magazines. I remember the days when everybody (a whole line) would just go into the shop & read the magazines & … The announcement of a major US acquisition shows that SMWH is diversifying away from the UK High Street part of their business to concentrate on the travel sector. The most recent results stated “Travel accounts for over half our sales and two thirds of our profits and continues to perform strongly with revenue growth of 8% in the year.†The new acquisition [click to view] doubles size of WH Smith’s international travel business, making it even less reliant on the UK High Street. The market reacted positively to the announcement and the sp lost some of the ground lost after the last results were announced. There is cause for cautious optimism that the sp can regain the 2000 level in the coming months, although this will depend more on the performance of the global markets. SMWH.png2812x2054 224 KB
tejo
06 Jun 2018
A true investment The ii post covers the company well and, for me, it has been a class act and a true investment I first bought a few shares at around £6 a long time ago and have added several times since. The travel business is a golden goose that keeps laying golden eggs and their targeted expansion bodes well for the future. The Uk stores have survived through sheer good management and one has to remember that they are selling ultra low priced items, not Rolex watches and lavish interiors are simply not needed. They need to be clean, of course, but no one goes there for the ambience. I think the sp will continue its steady rise over the years and I will add a few more.
II Editor
06 Jun 2018
NEW ARTICLE: WH Smith: The star stock shoppers love to hate "A week after being named the UK's worst high street retailer, LSE:SMWH:WH Smith fired the perfect riposte today with a reminder that it knows a thing or two about success in retail.Its latest trading update was a trademark WH Smith performance, ..."[link]
Uncle Doug
06 Jun 2018
Re: Update Hmm - I'd like to know how much they actually spent to get this extra 1% in revenue. SP rise of 6% seems a bit overdone to me and I suspect it won't last very long. High St stores are ugly/muddled/tired and their website is atrocious.
Lupo di mare
06 Jun 2018
Update Not bad, eh.Travel LFL bit down on last year's +5%, at +3%, but High Street's doing better, -1% against -4%. Looks as if their store updates might just be doing the job. Popped into the Winchester store and found it to be a great improvement.But it's Travel where the growth should be coming from. Still, as long as they can churn out the cash, there might even be special divi one day.
