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They haven't announced how much as the completion is not yet done. I guess we have to wait for few months until they see all the paper work and cash in.
Anyone know how much the special divi will be.Ive quite alot of shares here.
The company are selling its medical division for £1.7B but the following paragraph on the RNS seems to have gone unnoticed:
The Smiths board (the "Board") proposes a significant return of capital to shareholders following the successful completion of the Proposed Transaction.
A few on Thursday, looks interesting Imv.
Hi guys, any idea when the special dividend is? As the sale of the medical division should be done or almost finished by now. Correct me if I am wrong please.
Thanks in advance.
What kind of divi?
It's all about the special divi.
Paul Keel has just bought 25 000 shares costing over £350k.
And with a soon to be improved balance sheet, which of course helps negotiations.
Totally agree it won’t happen for a while but Smiths is now more specialized so more attractive.
Even more so now. Affordable and merging with a similar business will create synergies
the price was quite low. a day after a quite rich meggit takeover, the mkt was a bit underwhelmed and to be honest the shares had held up well against sector weakness. so they didnt break the bank but smiths have been struggling with the medical business and they do retain a minority stake in the business which can become something material in a few years. in the near term the energy sector should have performed well given the high oil price and thus related activity, while the aviation side you expect should have seen the worst by now. going forward it all depends on whether they can boost margins but i dont think there is a great deal of downside as there was talk of a full take out earlier this year and you cant rule out the americans coming in again for whats now a smaller smiths.
Surprised about the scale of the drop given that this news was expected.
The board obviously see better growth opportunities elsewhere and so we must trust their strategy as they hopefully have their finger on the industry pulse.
because of the spin off and takeover speculation, the shares didnt really follow cyclicals lower in the recent correction. anything below 14 quid puts them back in line and then some, so think 13-14 quid makes a good addition.
Agree with KSP. I think also, that despite this event being on 'slow-burn', the final announcement came as a surprise - hence the knee-jerk reaction. Opportunity to top-up!
Over done by the market for a news that that has been known since 2020! As usual drop the share price to buy in and make the quick bucks.....Company is going to be better off with £1.7 billion and still having a 30% stake in the new spin off...
I am new to this SP - why the sharp drop? Please enlighten me
So far we got a 5.12% drop in the SP....
https://uk.finance.yahoo.com/news/smiths-group-agrees-sell-medical-185318403.html
I wonder what we;ll get?.....
explains why the shares have outperformed over the last month. i was hoping to add to my position on weakness but despite a lower ft100, these shares have stayed firm.
held the 200 day ma and then a great reaction off it later on. the 15 quid level takes you back as far as july last year. the next leg of the cyclical trade should see these make a new post covid high.
Good results (again!) Should return to pre Covid levels before too long.
Looks a very good set up on chart to rise a lot higher .
gla
Very surprised that today's announcement in press that Govt is to increase defence spending by £16 billion has not impacted those shares most likely to be affected. I am buying Smiths Group and Meggitt today.