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SMDS Smith (ds) Plc

354.80
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Smith (ds) Plc LSE:SMDS London Ordinary Share GB0008220112 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 354.80 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
354.40 354.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Corrugated & Solid Fiber Box 8.22B 503M 0.3656 9.70 4.88B
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 354.80 GBX

Smith (ds) (SMDS) Latest News

Smith (ds) (SMDS) Discussions and Chat

Smith (ds) Forums and Chat

Date Time Title Posts
22/4/202412:26Smith (DS) PLC with Charts and News4,630
07/9/202318:11DS Smith - Smudger's on the rise79
03/11/200917:24Whats Happening !!!!!141
23/4/200918:51DS Smith - must be a sell.182
12/2/200215:21SMITH(DS)- whats up? something is cooking?18

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Smith (ds) (SMDS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-22 16:28:51355.525,46019,411.28O
2024-04-22 16:28:51355.526,99624,872.11O
2024-04-22 16:24:56354.8949,008173,924.49O
2024-04-22 16:19:11358.472,0957,509.95O
2024-04-22 16:17:23359.6823,53984,664.13O

Smith (ds) (SMDS) Top Chat Posts

Top Posts
Posted at 19/4/2024 13:46 by alotto
SMDS share price will adjust whatever direction IP will take at the opening of the NYSE
Posted at 16/4/2024 18:43 by sharw
"So sale agreed at the equivalent of 415p". Kirkie01

Well, actually it pays to read it all-
"The terms of the Combination value each DS Smith Share at 415 pence
per share based on the closing International Paper share price of $40.85 and
£/US$ exchange rate of 1.2645 on 25 March 2024".

At the moment the IP share price is $36.0 and the exchange rate 1.24 so I make that a value of 373p per SMDS share. Hence the SMDS price in the 390s assumes either a counterbid from Mondi or a revival in the price of IP.
Posted at 31/3/2024 14:02 by anhar
MC: ...My wife suggested that when I sell I no longer check SMDS share price but I said by doing that I fail to learn from the experience...

I agree with your wife, never look back in this situation, you'll learn nothing or even something misleading because as Binliner says, there's no right or wrong here with either an early sale of SMDS or hanging on for a higher price. More a question of your risk appetite, the "bird in the hand" argument.

Having been here many times in an all share bid where I don't want the bidder's paper, the only thing I've learned is as I said, there's no hurry so I always hang on for a while in case a higher bid arrives. If it doesn't you probably haven't lost anything by selling a bit later, particularly with an agreed bid where failure to complete is very unlikely.
Posted at 29/3/2024 18:14 by yump
“My wife suggested that when I sell I no longer check SMDS share price but I said by doing that I fail to learn from the experience.”

That’s a tricky one! Very difficult not to rationalise a decision when things get better or worse. I suppose the discipline is probably to write down why you bought or sold and then see whether you missed anything obvious. Otherwise you can trick yourself into being right or wrong, for the wrong reasons. Confused?: you will be…
Posted at 29/3/2024 12:24 by mcunliffe1
anhar: I really do hope for your sake and the other holders that the share price does indeed rise further.

This will not cause me any concern having sold. My wife suggested that when I sell I no longer check SMDS share price but I said by doing that I fail to learn from the experience.

I accept you have greater experience in these matters; I might have been more tempted to hold had you posted early yesterday :-)

Time will tell, as ever.
Posted at 15/3/2024 16:06 by taster
Expanding a bit on m-rev, with currently 441.41m Mondi in issue, Mondi would issue an additional 46/54 * 441.41m so approx 376.02m Mondi to give to current SMDS shareholders in return for the SMDS stock. With 1377.4m SMDS issued, this means 376.02/1377.4, approx 0.273 Mondi per SMDS share...with Mondi price they used at announcement of 1381 the offer would be equivalent to 377....so as m-rev says maybe they rounded for the announcement or I wonder if there is something on the cap table which slightly alters the shares in issue should a transaction take place....anyway for now between friends, the theoretical price of SMDS = Mondi price * 0.273 and the difference between this and the actual SMDS price reflects the risks of the deal not closing etc.
Posted at 11/3/2024 08:57 by meanreverter
There are 441,412,530 Mondi and 1,377,451,807 SMDS shares in issue. If the 46:54 ratio is accurate, then SMDS shareholders will get 273 Mondi shares per 1000 SMDS shares held. If the calculation is based on the Mondi reference share price of 1381p and corresponding claimed 373p valuation of SMDS by the offer, then SMDS shareholders would get a bit less: namely 270 Mondi per 1000 SMDS.

Traditionally, share-swap offers are not presented in such decimal form but rather as simple fractions. Thus, we might expect a 3-for-11 (0.2727...) offer, based on the 46:54 ratio. The 373p calculation doesn't match any simple fraction closely. The nearest I can find is the slightly awkward 7 for 26 (0.2692...).
Posted at 11/3/2024 07:54 by elsa7878
No it's not.

If at completion the Mondi share price is £13.81, the date when they said they intended to offer, then DS shareholders will get Mondi shares which would be the equivalent to 373 per DS Share. Ie They have said that is what they value DS shares at now.

Obviously if Mondi shareholders hate the deal and their share price falls (or the market generally falls) DS Shareholders will get less. If on the other hand the Mondi share price is higher than 1381, DS shareholders will get more than 373 (equivalent).

The point is that it is undetermined as it is all in shares and no cash, but the negotiation was in the 2 boards agreement to split the enlarged company 54/46.
Posted at 02/3/2024 13:00 by elsa7878
"What to make of the 25 RNSs released Friday afternoon by both Mondi and DS Smith? Looks to me like just about all the major institutional investors have sold their holding in SMDS? I am not experienced in scenarios like this. What do the more experienced shareholders here think about all those RNSs? If there's no bid, Mondi would dump those shares into the market and SMDS share price would be back to 280p or lower before you know it."

Please take a deep breath.
We've been through this already.
Mondi have not been buying.
Institutional investors are making notifications of small changes in their shareholdings. As I explained one was for 13,000 shares, another 30,000 shares etc. Nobody has sold all of their shares or even close to. Click on the name of any of the shareholders. Scroll through the RNS's and compare their recent shareholding notification to the previous time that they noticed et voila you can see if they have bought or sold. In almost all instances it is for a very small amount of their total shareholding.
Posted at 02/3/2024 12:40 by cruelladeville
What to make of the 25 RNSs released Friday afternoon by both Mondi and DS Smith? Looks to me like just about all the major institutional investors have sold their holding in SMDS? I am not experienced in scenarios like this. What do the more experienced shareholders here think about all those RNSs? If there's no bid, Mondi would dump those shares into the market and SMDS share price would be back to 280p or lower before you know it.
Smith (ds) share price data is direct from the London Stock Exchange

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