Smiths News (SNWS)

Sector:

Support

Index:

FTSE Small Cap

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

Smiths News secures fresh contract with Telegraph Media Group

By Abigail Townsend

Date: Tuesday 10 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Smiths News has secured a new contract with Telegraph Media Group, one of its largest clients.
Smiths News - which distributes newspapers and magazines to retailers - said on Tuesday that the contract with TMG, the publisher of the Daily Telegraph and Sunday Telegraph, represented 11% of newspaper and magazine revenues.

The contract, which runs until 2029, covers all of Smiths News' current distribution territories in the UK.

Jon Bunting, chief executive, said the deal marked "a further step in securing our newspaper and magazine revenues for the long term".

"The Telegraph represents over 10% of our revenues and we look forward to further developing our close working relationship with them in the years ahead."

The deal renewal follows similar five-year deals recently struck with Associated Newspapers - publisher of the Daily Mail - and Frontline and Seymour, the magazine distributors. Smiths News said it had now secured long-term contracts with 46% of its newspaper and magazine revenues.

As at 1030 GMT, shares in the London-listed firm were ahead 1% at 55.4p.

Peel Hunt, which has an 'add' recommendation on the stock, noted: "The new contracts confirm Smiths News' leading position in the sector, [with] 55% market share."

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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 55.20p
52 Week Low 40.70p
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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