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@jlovie No. it really doesn't, if you have chosen the cash option.
Looking a bit deeper into the fundamentals of both, I can sort of see it. But, also, not really. SMDS is valued higher on both the P/E (P/E = 32) vs. Mondi (P/E = 17), and also to the quotient of the market cap divided by the 5 year average of pre-tax profit. And, SMDS has a higher net/debt pretax profit quotient than that of Mondi. However, SMDS's Net Assets have increased year on year every year for five years and they have been working to reduce cylicality; whereas, the picture at Mondi is less clear. Both are undervalued, and CS are, indeed, agreeing that is the case; but, I think SMDS wins out on having fresher ideas and having somewhere to go.
it's a law unto itself this one. That law being "what goes up must go up."
Longforecast for the FTSE 100 currently has the FTSE 100 index hitting 8216 (as a mid value) by August 2022; so, I can well see this share going significantly higher in the mid-long term.
These are now looking cheap at this price
If nothing more happens in the takeover/merger saga, then we get a fixed price >600p per share in a few months time. Why are people selling at <580p now? It's not like there are many other investement opportunities that need the capital right now - if you look at the longforecast for the FTSE indices, you can see that you have until Jan/Feb 2022 before the FTSE starts to improve. People might as well leave their money in here until the final settlement from Norton - most other shares are going down in value, right now. At least with this share you have a guaranteed >600p sale price when Norton take over.
all good fun
Here goes
Don't worry. In most years, activity, and the FTSE itself tends to increase in October through to (at least) late December, and DLG is now quite a good buy for anyone wanting to include some defensive long-term dividend stocks in their mix.
They mean this market area is growing and, hence, the SP will increase; but, they Credit Suisse are downplaying how much DS Smith will increase by, on the basis that they think that it is trading closer to their idea of the fair value, as compared to other companies in the same market that Credit Suisse favours. They might be right and I can certainly see it breaking towards 475, and then a short pause and then heading further up. I think the truth probably lies somewhere between Credit Suisse's $500 (470p) target and the other recent broker forecast target of 570p; but, certainly above the Credit Suisse.
The AGM report will also have helped.
it will; but, not before we know it.
*chortle*
I have a feeling you may be right
+160 today. Blimey!
Give it a couple of years. The market valued this share high based on an expectation of forward profit growth. When that expected growth hadn't started in the most recent set of results, a lot of people bailed. However, if a reasonably significant proportion of that expectation is fulfilled in the next set of results, then I am sure plenty of people will pile back in and the momentum will get back on track.
I had my Brickability ex-date today and it didn't even move the dial; but, to be fair, that isn't a massively high div yield share.
great fun, isn't it?
I bet you're glad you didn't sell.
The technical chart pennant and volume seem to be indicating that when the penant ends, it will break out towards 114 ish.
However, I'm not sure there is enough data there.
here we go