Member Info for SussexEngineer

StockGenius, I am curious how you see Lula's actions as positive for Rainbow? Lula and his government are under the scrutiny of the Trump administration. They are imposing massive tariffs on Brazil, initially because of their import of Russian refined petroleum products and now on their questionable legal system, prosecuting Bolsonaro and his supporters. If Rainbow build their finishing plant in the US, as is likely, can you see Lula allowing a "National Sovereignty" material going to the US?

This is good news for Barratt, and to be fair other developers, over contractors who provide inadequate service.

https://www.building.co.uk/news/barratt-supreme-court-ruling-gives-developers-clear-path-to-recover-remediation-costs-from-contractor/5136115.article

Please note this share has gone XD today. So any surprising decline is in part due to this.

Badger,

You need 100 shares and then download the Stockperks App. From that it is straight forward. Keep a copy of your share purchase as it not linked to HL or possibly any other UK share dealing services.

Here is a website that summarises the Zantac cases in the US. Worth a read to understand the history and timeline. It appears to have a slant towards the plaintiffs:

https://www.lawsuit-information-center.com/zantac-lawsuit-settlement-amount.html

I am hoping that the plaintiff had to pay the significant legal costs to GSK, after losing this case in Illinois. The RNS and articles do not make this clear.

The win has surprisingly had no impact on the share price.

I can understand the frustration. As GSK strongly believes that there is no justification for these claims then they are doing right to fight the cases. It bodes well for the long term that American lawyers, on a no win no fee basis, take a look at GSK as a hard nose company to prosecute.

GSK's results, pharmaceutical pipeline and strategy is moving in the right direction. Happy to be a LTSH on this basis.

Ianfm and Koyewole, I love your honesty. So many on these boards spin a yarn.

Robleo,

Yes, you can pay into a stocks and shares and a cash ISA in the same tax year. But your total payments into them can’t be more than your £20,000 annual ISA allowance. So you could pay £5,000 into one and £15,000 into the other, or £10,000 into each of them. However much you put into them (and any other ISAs you might have), it can never add up to more than £20,000 in a tax year.

An RNS has come out saying that Mondi has decided to pull out of the purchase.

A clever man once said “The stock market is a device to transfer money from the 'impatient' to the 'patient'.”

Martin, the secondary London listing is "Seek" or "Considering" and not a done deal, nor to be fair to International Paper would I expect more from them, at this stage. The problem is the dividends, apart from those in a SIPP, should they fail to list. Even filling out a W-8BEN would only reduce the US tax from 30 to 15%. As all of my investment is ring fenced in an ISA I don't want any tax deduction.

Please note that DSS have extended the deadline day for Mondi offers until 5pm on 23 April, from today date. This was on this mornings first RNS.

We all have to be mindful that the offer is on a share offer basis. The offer was made on 1 DSS share equating to 0.1285 International Paper share, not £4.00 to £4.20. At the close of play (US) on 26/3/24 our offer has fallen to (38.20/40.85) x £4.15 = £3.88. It is important that we all keep an eye on the NYSE over the coming days and weeks on IP, as their performance took a hit on the offer.

https://www.reuters.com/markets/deals/uks-ds-smith-deal-talks-with-international-paper-2024-03-26/

You also need to account for currency fluctuations, which as of CoP on Monday 25/3/24 was £1 = USD1.264.

Thanks Trouts, that would have taken a lot of trawling through all the RNS's!

In case you don't look at the RNS's these days, DSS have published a statement, without any numbers. There is a call at 08.00 today using UK Toll Free 0808 109 0700 and Password DS Smith.

https://www.lse.co.uk/rns/SMDS/ds-smith-plc-22683648220-q3-trading-statement-yyc0x04nrn2nzzv.html

Sollers, my understanding is that the Louth factory was in Lincolnshire.

DS Smith management are taking the tough decisions. The company are closing their Louth operation and the actual production ceased yesterday. So even though there is takeover proposals management are still driving the business.

https://www.bbc.co.uk/news/articles/crg7ll3zn8po

DS Smith are building a new preparation line for Kemsley paper machine 3, which will be operational in 2026. It will improve raw material handling, improve efficiency and reduce water consumption.

Not sure if it has been disclosed on an RNS, which is drowning in takeover documentation.

https://www.euwid-paper.com/news/companies/ds-smith-to-upgrade-fibre-line-at-kemsley-paper-mill-290224/

Gregson, Good advice from Trout on a broad level. A large array of shares in different sectors is the best way to avoid the swings of the market. I have heard that 13 - 14 shares in different market areas is the preferred method.

As for DSS there is a need for consolidation in the business. Mondi has a large presence in Eastern Europe whereas DSS predominates in Western Europe. In addition Mondi has surplus production capacity and DSS cannot fulfil all its potential sales. Therefore the synergies are good to strip out central overhead management costs and save money on the combined business. Being the potential acquisition company means that the acquirer is likely to pay a premium for the right to purchase the operations. This means being a shareholder in DSS is, in the short term, a better proposition to be in than that of Mondi however if that acquisition falls through, it is likely the share price with retract to close to where it was pre-taker discussion.

It is being said that if Mondi does acquire DSS then they will offer a share option package. This means that the DSS shareholders will get a slightly better share of the merged organisation.

As a result I plan to stick around for some time to see how this pans out. I had invested in DSS for the long term. I like the recycling concept and the growing and bespoke packaging offerings. The one element I was not too happy about DSS was their antiquated paper machines compared to their competitors. If Mondi can offer increased growth, economies of scale and investment, without losing the bespoke packaging offerings, then it could be a good business to be in for even longer.