The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That's a fair point Manunited31 and to sheungy, yes we need to be conservative but results won't be published until 10th December and the divi won't get to us until early 2021 at best, so this could drift a bit especially given the neutral out look and 305p target which we have been at today.
We should be worth more in my opinion, but there are other investment ops about that might reward sooner so a bit of patience might be needed. If this drops to 290p or below I will be buying more
Manunited31 is talking rubbish. See below for some positives and dividend information from September announcement. Manunited31 is spouting fake news.
Tue, 8th Sep 2020 07:00
RNS Number : 2814Y
Smith (DS) PLC
08 September 2020
8 September 2020
DS Smith Plc AGM trading update
DS Smith Plc ("DS Smith"), today issues a trading update in respect of the period since 1 May 2020, accompanying today's Annual General Meeting.
Trading update
The business has progressed well in the period with performance continuing in line with our expectations, despite the macro-economic challenges that resulted from Covid-19.
"Our like for like corrugated box volume performance has improved over the period since the initial impact of Covid-19 and in August we have seen a return to positive growth vs August 2019. "
"Our leading FMCG and e-commerce business has grown through the period demonstrating a consistently strong performance with our multinational customers, more than offsetting the continuing challenging conditions in a number of industrial categories."
"We are encouraged by the progress in North America, in particular in attracting new customers, including multinationals, to our Indiana plant."
"Given the performance over the last quarter, and our improved clarity in the outlook, combined with a strong financial position the Board intends to declare an interim dividend for the half year to 31 October 2020."
AISC too high. Its a bit ridiculous how wild the swings in this are. Covid doesn't excuse its increase. Production is not what investors thought it would be and low and behold, more excuses from management.
Don't worry though there will be Jam tomorrow. I am glad to be out again. You can trade this, but I would never hold this to be a multi bagger anymore. Its a shame.
I feel Dan is a bit of a magician. Some might say con artist, others might say he stretches the truth or plays games with smoke and mirrors. But i would say Dan is one of the major reasons for the lack of interest in this share.
I listened for over 30min to the Telephone conference after last results. It was a fantastic phone call and the FD provided some great info. Since then, sales have continued to climb and are above last year's on a like for like basis.
I see what you're saying on the divi Manunited31, but hopefully it will be back on track and caught up soon.
SMDS look like a nimble forward thinking Co. They are concentrating on environmental factors and expansion (europac purchase and plastic division sale). Low P/E valuation too.
I see this at 350p ish plus 15-20p divi min by mid Niv
Maybe they are going to discuss how going forward new share awards are going to be linked to the share price and will not be too easily obtainable. I.e. They actually get the value of the Co. up to the benefit of shareholders.
Mark Reid the CEO is being awarded and granted too much stock IMO for doing very little to increase the wealth of shareholders. I have seen my investment diminish here whilst Mr Reid has invested bugger all if his own money yet is mopping up shares left right and centre.
I'll be asking questions on this to the Co.
You need to do something meaningful Mr Reid to justify your gravy train!!!!!
Only 3 weeks to go. Hopefully this will build on forthcoming results and dividend announcement.
Sales have been exceptional in August and September. Could they pay a special as well as interim dividend?
Blue days ahead
@aprogerston...it is great news about pasofino and the financing, but they need a wee bit more than £6mill to secure the 49% stake in dugbe. Someone has speculated 20-40million to cover their obligation? Its going in the right direction, but why such a large drop today, especially with all the president related news out of Mali??
Seperately I might be going crazy, but I read somewhere that HUM have lent pasofino the £2mill deposit they had to pay???? I do hope that is fake news!??
Despite greater production and sales volume and the thought that HUM was finally getting there, the coup popped up!!! As if covid was not enough. Now the fact the military want 18months with a military man at the helm and not a civilian has worried me enough to sell. Great recovery from 30p to 40p, but I've had enough of the risk. Good luck all and if this drops significantly I will buy back in as I like the story.
All the best
I hate to agree, but you might be right. PW was such a ramper, unfortunately he's fooked us right over. If we had taken those BP assets over we would be a different beast now and in a solid position, but he pumped in the background. And in cahoots with malcy too which was bad. Glad he's gone. Mr Reid has steadied the ship though and realised a decent price for NW Gemsa. Give him time I say, but I would like Sdx to do something meaningful as I am well under water.
I wish you were right Golden Bull, but we sell in Dore, so not at the gold spot price and our AISC has risen this year so I would be happy with $800 per Oz.
But the Co. always know how to add exceptional costs and non disclosed items to keep the profit per oz down lol
I wish you were right Golden Bull, but we sell in Dore, so not at the gold spot price and our AISC has risen this year so I would be happy with $800 per Oz.
But the Co. always know how to add exceptional costs and non disclosed items to keep the profit per oz down lol
More news is developing regarding the transition of power
https://www.google.com/amp/s/www.aljazeera.com/amp/news/2020/09/mali-opposition-rejects-military-backed-transition-charter-200913135811079.html
Looks like latest military transition offer has been rejected. ECOWAS won't like how things are progressing, but at least the SP is doing well. Fingers crossed it doesn't back track
@PlantedBHA....the bonds the Co are due to pay back will absorb the free cash. Off the top of my head I think they even said they were conserving cash to repay it. That and uncertainty over the long term production/water cut of the Wells are holding this back/caused the massive drop from previous levels.
With Dr Trice and other key figures stepping down and the low oil price its been a really tough year.
It just shows the resilience and strength of the Co. that it is still throwing off cash, not to mention the considerable reserves.