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 expecting smaller hit from McColl's administration

By Michele Maatouk

Date: Monday 30 May 2022

LONDON (ShareCast) - (Sharecast News) - Smiths News said on Monday that it now expects to take a lower charge from the administration of convenience store chain McColl's than it anticipated.
In light of the latest guidance from the administrator, it now expects the overall bad debt risk to reduce from £5.6m to between £3.4m and £4.5m.

Smiths said it continues to supply McColl's under its new ownership on improved payment terms, which provides partial mitigation to the impact on cash flow.

The company also confirmed it will maintain payment of the planned interim dividend of 1.4p per share, as announced as part of its interim results earlier in the month.

"Beyond the impact of the McColl's administration, underlying trading continues to be in line with expectations and, given the company's on-going cash generation and strong net debt reduction, the board continues to expect to be in a position to recommend a final dividend for FY2022 up to the full distribution permissible under the company's current banking facilities (£10m per financial year), for payment in February 2023," it said.

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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
32.67% above the sector average32.67% above the sector average32.67% above the sector average32.67% above the sector average32.67% 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
66% below the sector average66% below the sector average66% below the sector average66% below the sector average66% 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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