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Twas shorted after the company announcement of no divi payment in my opinion it twas a shorters wet dream :-)
wolfofmiddlesex - profit is profit, any trade that makes you money is a good one in my book. Am going to re read the SMDS Final Results RNS again this evening.
It's a bit of a bun fight over on TLW, been an eventful time for the Co. Bulls and Bears have a tug of war over there. I trade, on blue days, on price, and any positive news on oil overall, aiming to get in early morning if I can get a price, and aim to be out asap. - Then rinse and repeat.
I steer well clear on red days, sentiment is fickle on oiler's atm.
I grab a quick profit and get out, as it can go either way, at any time.
G
Thanks Gerry. I got nervous after some of the comments and sold at 285.5. Made a few quid, would have stayed longer but didnt want to chance. Ill be sure to take a look at tlw
wolfofmiddlesex - I put a chunk into TLW this morning - I've traded it regularly, thought I'd get an easy and quick 1.5p for 5%, but its taken a age to get moving today, am up atm but looks like I may have to take less than I hoped. Will give it a little while longer.
Was surprised to see SMDS drop away today when the market is blue, here at say 2.80 + it's 15p either way for + / - 5 %. I do see 2.95 as more likely than 2.65.
Let's see what the US open brings to our markets this afternoon.
G
I am considering buying a few more to get my average down from £3.40. But don't see any hurry, expect it will be sub £3 in the short term. Not sure we will see £2.50 but £2.70's sounds feasible for a while yet.
Think I'll wait for the 250's myself?
Did you get back in Gerry? I just bought in at 2.83.
Good strong blue day to drop the results into.
I sat on my hands this morning, and missed the bottom here. I got 2.84 back on the 14th May and it ran up nicely from there giving me an out at 3.23 on the 12th June. Only recently its bee running higher.
My only concern, which didn't stop me last time, are the debt levels. If sub 2.90 comes my way again here I think I'll get in again, but at the moment I've missed the boat here.
G
Pausing dividend in these uncertain times is a prudent thing to do....preserving a strong credit rating and managing cash is more important in the short term and with the North American business operating in an uncertain market and an uncertain political environment they are right to be cautious for the rest of the year ..plus election year in the US too
Industrial side somewhat uncertain too ....need to wait until the autumn probably to see any major change....
Cautious but optimistic is probably the best route to take
Fantastic Results as expected. Doubled up. Will wait for my reward.
Clemoc, what is misleading ? I was impressed by profit and cash generation but am new here- please explain.
Is America going to be a graveyard for another British company? Too many questions arise from these results. DS Smith is well known for its volatility, it'll be off the scale now.
Expected PBT was 485 mill. Result 368 mill. Hence fall in SP. No mystery. Revenue was also slightly down on expectations.
Bid and Ask all over the shop on a lot of shares. Very misleading.
SP looks to be down currently though, so perhaps the market was expecting a full year dividend
A decent set of figures, especially over a 2 month period of lockdown and general turmoil. Shame about the divi, but prudence expected. Perhaps just as much for PR purposes as company stability.
Hopefully growth will continue from a solid foundation laid down by management to cope during these uncertain times.
Markets expected to rise today, so will hopefully see a SP rise here today
Wow, managed to buy in at 284 bargainimv.
With the lockdown and surge in internet shopping, which is here to stay, the results should be interesting. Online shopping uses 6 times more cardboard than retail. Obviously other sectors - travel, hospitality, motors and retail will have seen a massive drop in orders but I expect good news reading between the lines. Now those sectors are starting to revive it will be a good next 12 months and anything under 400p will (in the future) be seen as a bargain price. Looking to buy on any dips post results.