Packaging company DS Smith (SMDS) has announced results for its year ended 30th April 2022, with it emphasising “a strong improvement in profitability and high cash generation… The new financial year has started well, building on the momentum”. This sounds good.
I previously wrote about DS Smith (SMDS) back in late April when I was a fan of the “leading provider of sustainable packaging solutions, paper products and recycling services worldwide”, but the shares have fallen back a bit since. So how do I feel about the company now following the publication of its full-year 2021/22 numbers?
Packaging company DS Smith (SMDS) has announced year ending 30th April “trading in line with management expectations… enter the next financial year with confidence”, helping the shares up to 325.6p.
Hello Share Catchers. Like me, you’re probably fed up with the amount of over-packaging that still goes on. Look at those silly Easter eggs we’ve recently scoffed. But we still need some packaging. And D S Smith (SMDS) is a company that’s big in cardboard boxes, cartons and paper, both of which are recycled. Furthermore, it’s on a mission to reduce plastic packaging and carbon footprints. This Footsie member has so far replaced over 170 million items of single-use plastic from its customers’ supply chains with recyclable alternatives.
Packaging company DS Smith (SMDS) has announced a trading statement including the headline “Continued momentum; trading in line with management expectations”. What does that mean relative to a current 307p share price?
After the excitement of Wednesday’s market moves comes Thursday…which unsurprisingly after the down and up volatility of the last few days is a bit more boring. We could all probably do with it, although a regular bout of volatility is the markets for you (and I would have it no other way). As for today’s corporate updates, two strike me as being particularly noteworthy, Capita (CPI) and DS Smith (SMDS)...
Interesting to see that for the first time in over 20 years, the technology-focused NASDAQ index was up 1%+ intraday and finished down more than 1% for the second consecutive day. It may or may not happen for a third consecutive day today, but you get the general point about being deeply thoughtful about your investment choices. Frankly you should be always like this, but the last 12 years or so has favoured too many deeply-excited technology investors. On a related point, I have talked quite a few times about ESG matters.
