The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks to eparo on Stockopedia for noting:
Canaccord:
The current valuation is highly attractive, with a PER of 5.5x, a secure dividend yielding 10% and a FCF yield of 18%. We reiterate our BUY recommendation and increase our TP to 95p (from 85p), based on a cal’24E PER of c.9x, div. yield of c.6% and FCF yield of c.10%, implying 78% upside.
Paul Scott on Stockopedia says good value and possible fourty percent premiium if a bid were to happen. Happy to hold either way after TU and for the dividends.
Boring is good!
Bit early for dividend hunters to load up so why the increased flow of buying? Mind you it is deserving of a higher rating so all good to me!
Seems like it takes dynamite to move the share price.
Those results were excellent. Debt down, profits up, pe 4 point something and a 9% yield. And still the price hovers in the 45-49p band.
And today this from Edison:-
https://www.edisongroup.com/research/expansion-initiatives-begin-to-blossom/32974/
Doesn't take much to move the SP.
I was expecting more...So have sold with a nice profit....No increase in profits from last year,in an inflationary world,together with them saying that they had events that increased sales,does not impress me. Are they managing a decline?....That is my worry....Other better opportunities,in my opinion...
Divi restricted by banking covenants to annual £10m which has been met for 2nd year running. Banking arrangements expire mid 2025 and with reduced borrowing would hope the max £10m could be increased or even waived. As you say solid results.
Yes, with the SP down a bit, it makes you wonder what the market was expecting/hoping for.
Nice and steady as she goes is good enough for me.
Results look solid - not what I'd call 'exciting', but solid nevertheless. I'd expected to potentially hear about a divi increase, but I think that will eventually happen, while the current divi is attractive. I've opened a small position.
I feel this is just about the last chance to buy at these levels...Results out on 8th November...Should be good....and with new contract likely to be flagged,a great time to invest in this undervalued share with a big catalyst in the form of the new contract,as most will likely drop to the bottom line....making this even cheaper....
Thanks for that.
Laughton
not found name of analyst but this brief detail was in FT.
https://markets.ft.com/data/equities/tearsheet/forecasts?s=SNWS:LSE
The one analyst offering a 12 month price target expects Smiths News PLC share price to rise to 60.00 in the next year from the last price of 43.80.
You'd think (expect) so. Do any analysts cover Smiths? If so should get an update fairly soon on this news. If anywone spots an Analyst's Note please post link up here.
News of the contract win,very,very positive. Massive boost to profit coming,as most of the value will go to the bottom line...This is already valued so lowly,massive news will mean a big rerate soon....
Nearly all Uk shares are up up and away and why SnWS is down down down today under 43.5p .
Someone couple of months ago mentioned that sub 50p couldn’t ignore , is this a falling knife ?
WoW! Didn't think I'd get the chance but sub 50p too good to ignore.
Not sure what more the sellers could have wanted.
Worth watching:- https://www.edisongroup.com/edison-tv/smiths-news-executive-interview/32008/
OK - it's only £3.50 per week but makes use of empty vans after making print delivery, it's very "green" and looks like it must be worthwhile or they wouldn't be rolling it out.
https://recycle.smithsnews.co.uk/
Lots of £3.50s soon adds up.
Nice and boring. Carry on and keep paying the divis.
What a nice run, the share price doubled in 3 and half months...
unbelieveable!
Ex div next week so a bit more to come IMO.
Still looks like a nice "safe" share to me so hapy to hold on.
I made a nice profit on this....I am out......money gone into ......NEX.......bigger profits and a bigger future for that one....in my opinion....
Just because a company has net debt doesn't necessarily mean that it is insolvent.
SNWS has the backing of its bank which allows it to meet it's bills as they become due and part of the agreement with the bank is that they company can pay dividends at a level agreed by the bank.
You have to make a profit (which SNWS has) or have retained profits in order to pay a dividend.
The bank is obviously comfortable that there is light at the end of the tunnel and that bank debt will eventually be repaid.