Smiths News (SNWS)

Sector:

Support

Index:

FTSE Small Cap

47.95p
   
  • Change Today:
    -0.25p
  • 52 Week High: 55.20
  • 52 Week Low: 40.70
  • Currency: UK Pounds
  • Shares Issued: 247.66m
  • Volume: 58,708
  • Market Cap: £118.75m
  • RiskGrade: 190

Smiths News sees FY earnings ahead of market views, shares surge

By Michele Maatouk

Date: Tuesday 13 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Smiths News said on Tuesday that its full-year earnings are set to be ahead of market expectations as newspaper sales have continued to stabilise, sending the shares higher.
The newspaper and magazine wholesaler said its operational performance in the 43 weeks to 26 June was "strong", with core sales of newspapers and magazines continuing to stabilise, and positive year-on-year comparators for the months following the anniversary of the first Covid-19 lockdown in March 2020.

In addition, Smiths said the return of major sporting events, in particular the European Football Championship, has further boosted sales of one-shots, stickers and albums, which will generate a one-off benefit of around £1m EBITDA this financial year.

Cash generation and other key financial metrics are in line with the board's expectations, it said.

"Given the continued strong performance of the business, together with the one-off benefit to sticker and album sales this year, the board expects full year adjusted EBITDA to be ahead of market expectations."

Chief executive Jonathan Bunting said: "Our performance since the half-year has been pleasing, with robust operational control securing the benefits of the improving sales and stability in our core markets. We remain focused on delivering for all stakeholders and are confident that the business is well placed to build upon recent progress as the remaining restrictions on social movement are lifted."

At 1000 BST, the shares were up 10% at 46.70p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Smiths News Market Data

Currency UK Pounds
Share Price 47.95p
Change Today -0.25p
% Change -0.52 %
52 Week High 55.20
52 Week Low 40.70
Volume 58,708
Shares Issued 247.66m
Market Cap £118.75m
RiskGrade 190

Smiths News Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.83% above the market average96.83% above the market average96.83% above the market average96.83% above the market average96.83% above the market average
95.56% above the sector average95.56% above the sector average95.56% above the sector average95.56% above the sector average95.56% above the sector average
Price Trend
62.17% above the market average62.17% above the market average62.17% above the market average62.17% above the market average62.17% above the market average
34.65% above the sector average34.65% above the sector average34.65% above the sector average34.65% above the sector average34.65% above the sector average
Income
98.23% above the market average98.23% above the market average98.23% above the market average98.23% above the market average98.23% above the market average
96.92% above the sector average96.92% above the sector average96.92% above the sector average96.92% above the sector average96.92% above the sector average
Growth
55.35% below the market average55.35% below the market average55.35% below the market average55.35% below the market average55.35% below the market average
64% below the sector average64% below the sector average64% below the sector average64% below the sector average64% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Smiths News Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Jan-24 08-Jun-23
Paid 08-Feb-24 06-Jul-23
Amount 2.75p 1.40p

Trades for 28-Mar-2024

Time Volume / Share Price
16:31 19,000 @ 48.00p
15:33 833 @ 47.76p
14:47 100 @ 47.50p
14:27 1,531 @ 47.95p
14:13 7,379 @ 47.50p

Smiths News Key Personnel

CEO Jonathan Bunting
Chair David Blackwood
CFO Paul Baker

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