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SMURFIT next interim announcement is on 30th July. Might be a good time to top up before. Recently their market updates have impressed traders.
Davy's have a short note on skg today. Predicting a 10% increase in EBTIDA since this time last year. They reiterate their outperform stance and say its too cheap. I think their target price is €22. I really didn't expect skg to be this cheap again so put my spare cash into bkir. Not sorry to have done that but I really would like to have bought more smurfit. The dividend alone makes it worth it.
It seems like this share really rides the wave of sentiment more than it should. It really does appear to undershoot when market sentiment turns negative.
This is getting annoying now. Broke €15 so easily. Q2 results on the 30th of this month so hopefully that will turn the tide.
The good news will be in the results. They wont dissapoint. Whether it make any difference or not I'm not sure. Buffet's secret to success was buying undervalued companies cheap and waiting for the markets to realise this and eventually push up the price. The markets need a good kick in the ar** on this one.
On market up day and yet this sp just keeps falling.... we need some good news soon to get this moving north again
Their peers. Their peers. Their peers. Apologies for the spelling.
Totally agree. On a P/E ratio, they are below there peers and the sector average, which seems odd. Very well run, geographically diversified, debt situation under control and with a healthy dividend. I do think that the recent news of added capacity, low volumes and poor economic growth in Europe have affected the price negatively.
Very disappointing. Way under valued. Generating very good free cash so there could be a nice dividen increase for the year.
You can see them as they happen on the rte web site. Rte....business. ..irish share performance. .......click on skg....click on more trades.. Can't help if it's historic trades you need.
Hi, Does anyone know where you can see a list of the daily trades for Smurfit Kappa on the ISEQ online?
Found it. Because the price differential between recycled container board and OCC has reached the top of the pricing cycle, a German Paper manufacturer has decided to open a new container board plant. More supply coming on stream. Market doesn't like it. Boo.
No specific news that I know of, but when markets are generally in a sell off Mode SKG SP does seem to sell off big time mainly due to the fact it has worldwide operations. But I have high hopes we will see all time highs for this SP later in the year.
Does anyone have any specific news on Smurfit Kappa? It seems to suffer rather violent descents in price for no specific reason I can see.
There's been a lot more positive news on pricing lately. Also with the recovery in the US skg is very well positioned to make gains there. Another positive is the the decline in the euro in the last while. There will be an exchange rate dividen by the end of the year I reckon.
Totally agree with you John. Glad to see it on the rise again....
Thst must be 10% of ths 20 back now. A much more realistic price but still way undervalued. Very happy to continue holding.
Well Buffet did say markets can remain irrational longer than we can remain solvent. There is a least 20% upside here sooner or later.
I'm not even half an expert, but these results really do read very positively to me. And yet, instead of even a 5% pop, the shares drop on the open. While I have been lucky enough to have held some of these from the €4 mark, when Davy / Goodbody were quite literally screaming at people to buy them, I would love to know what keeps this "unjustified" valuation discount in place. Davys have been calling €24 since the middle of last year, yet they have steadily dropped.
Great results. Davy's price target of €24. I wish I had funds to buy a few more shares at this price.
I don't think Russia is to blame for all of the fall. I believe it's way over sold and I can't see a reason why it shouldn't recover fairly quickly. Q1 results on Friday and I'll be hugely surprised if their not on target. The guidance will be interesting but I would expect it to be reasonably positive.
Just found this board. I was wondering if skg is especially vulnerable to problems in Russia, either from energy supplies or raw materials. The market seems to think it is best to reduce despite what I thought were an excellent set of results and positive outlook.
To my mind it's over sold already. A bit of over supply and price pressure but very little to justify this price. Agm on the 2nd of May so it will be interesting to see if that changes sentiment any.
Still selling off, lets hope it reaches a floor soon.....
Bit of pricing pressure in the US and I think Italy as well. There's a price increase anounced already that needs to stick to keep investors happy. I would also imagine the slow down in China plus the Venezuela situation isn't helping. To add to these niggling bits some unions are looking for wage increases in some skg production facilities in Europe. As further cost cutting is part of the groups stated goals for the year that may prove tricky. All small things but adding up I suppose. Still positive on them though.