Member Info for Scoobydoo321

A very muted response to an excellent set of results - extremely resilient in view of the freight costs. Reinstated that they will meet expectations.

Have they not provided for the cladding costs?

Thse prices won't be around once ir falls.

Gift of a price. Only a matter of time before this spikes. Once interest rates fall and flows return to AUM.

Https://citywire.com/funds-insider/news/expert-view-natwest-eckoh-ssp-ds-smith-and-yougov/a2444886

Anyone know what's been going on the last few days - or is it just gen markets malaise?

Has to be a stonking buy at 386p?

So it's tomorrow then - is it?

i.e. 5th June for the tender?

We expect to announce a significant return of capital to shareholders, likely through a tender offer, in due course and ahead of the Company's preliminary results for the year ended 31 March 2024 which are scheduled to be reported in June."

Amazed - tried to buy 1,500,000 shares at a 20% above current offer - no price - T2 authorities need to look into this.

Tender should take place in the next 2 weeks.

Offer now back to 240p - added.

Nice.

If 250-260p tender - would be a low risk / low hanging fruit.

Hopefully, also allows for to keep the divies - fingers crossed.

Appears to be working an overhang - some ii selling a big chunk - why would they want to sell now - at such lowly price?

Big buy of 250k block at 15:28 ?

Likely.

I think a PE target at these prices and post results. Imminent IR cut playing in the foreground too.

WH Smith discount undeserved, says BlackRock

WH Smith (SMWH) may have suffered a slowdown in the US, but its higher-rated peers are operating in tougher markets, says BlackRock manager Dan Whitestone.

The travel retail chain is a top-10 holding in Whitestone’s BlackRock Throgmorton (THRG) investment trust, where it makes up 2.8% of the £645m portfolio.

It was one of the largest detractors to performance in April as it ‘fell on results which were in line with expectations but showed a slight slowdown in revenue growth in the key US market’.

Whitestone said this slowdown was ‘slightly worse than anticipated’ but was caused partly by lost sales from store refurbishments ‘which are transitory issues and should reverse shortly’.

He added that the company is still winning a ‘large number of tenders for new space’ and taking ‘significant’ market share.

‘The shares have now derated to under 12 times price to earnings, a discount to industry peers who have performed worse, and a discount to larger retailers who are focused exclusively on the UK and in much more challenged categories,’ said Whitestone.

The shares softened 1.4% to £11 on Wednesday, extending losses to 28% over the last 12 months.

Here's to bottom pinching.

What? A 10% share price rise based on the brokers recommendation? Can't be.

What's going on?

Yeah, I found some loose change behind the sofa.

So good, it should command a premium to NAV.

Excellent results? No sweat.

Indeed, we need Simon T's magic dust!