Member Info for Cardinal3

It's an agreement in principle so not definite yet- I should have added 'in principle' to my header. Work to do behind the scenes no doubt. It's hard to see where another bid will come from but Mondi will hold the cards as they will want over 50% of the new entity.

Implied SMDS share price 373p for 46% of the combined entity

British or not? I'd say it is but that's a conundrum for the govt when it gets the British ISA rules sorted.

The market looks like there won't be a deal. I'd like to think the board will look after the interests of shareholders rather than their own but I won't hold my breath.

Spotted this tip elsewhere. Thanks x54v!

It does have potential, though I see they are now competing against big fish for acquisitions at a reasonable price. It's also encouraging that Baillie Gifford are on the shareholder list though their performance is dire these days!

LLoyds are by some way my largest holding. I am thinking of not reinvesting the dividend and invest elsewhere to get some diversification.

Fleccy agree 100% though I am centre left :)

A two state solution is required but how on earth it's going to happen is anyone's guess but it must or this will perpetuate. Conservative religious groups push extreme policies ( eg west bank) which cause extreme oppositional reactions.

I would say Uncle Doug ( below) has hit the nail on the head. Much as I liked Sir Nigel the plain fact is the share price has flatlined or worse for years, despite decent dividends. I suspect there is a large underbelly of non-productive staff cost which needs attention. A review could also mean a look at where we go from here- acquisition trail, sliiming down to avoid the same happening to Lgen, overseas activity? Staying as we are, going nowhere slowly, may not be a sensible option. New CEO equals new ideas and consultants come in to verify what you first thought of without evidence!

Long short

Per the total voting rights at 31 Jan ( see RNS of that date) there were 64.09 shares in issue. As Johny says the max buy- back is 6.7billion shares, not 67. Got your decimal point wrong.

I admire the optimism in here for 1.84p and higher in some cases. The troubles brewing in car loans and a Labour govt that hates bankers might mean they tread cautiously and while I hope the optimism is realised tomorrow I am not so sure.

There's cash around post the Telegraph deal which should help.

Could someone explain why the scrip is considered detrimental to shareholders electing for it due to the large discount to NAV, please? My understanding was it is a good idea to buy shares at a discount, so I am unclear what this is about.

Many thanks.

That's a good chunk for a non exec director.

Only a guess on my part but the move up in the share price today might suggest there's progress in discussions between SMDS and Mondi.

Thanks to those who mentioned the Citi comments. It is such a frustrating share like many but at least Citi’s report explains why today is in the red so far. I suppose Aviva is struggling too as a result of a read-across. I’m looking forward to the results season so we know more of what’s going on in reality rather than teenage scribbler estimates.

NSC

Great point. If you want sin stocks buy a FTSE tracker. Cigs, bombs, mines and sewage!

Otherwise you need active management funds/ITs.

nsc

great point. if you want sin stocks buy a ftse tracker. ***s, bombs, mines and sewage!

otherwise you need active management funds/its.

Giantsquid

You might be right but the difficulty here is that other banks were fined huge sums so there is a read-across. There may be an assumption that the due diligence wasn't thorough enough.

Depends whether they notified suspicious activity reports and their press quotation implies they did.

Anyone overlooked for Man U gets my vote.