Hello Share Spanners. Now ain’t the best time to buy shares, unless perhaps you can find a firm in accord with modern trends that makes and supplies stuff that’s essential to other companies. One such idea is DS Smith (SMDS), which is not an outfit I’ve featured before.
A new week and finally some good news from the United States for GSK plc (GSK) as the “FDA approves Boostrix for immunisation during pregnancy for the prevention of whooping cough in newborn infants”. It is not enough alone to start pushing the multinational pharmaceutical and biotechnology FTSE 100 name up, but it is a bit of good news for the company’s struggling CEO. As I have noted before, Dame Emma has a lot still to prove. Meanwhile, elsewhere in the FTSE 100, I am excited to see the over 8% rise in the shares today of DS Smith (SMDS).
Packaging company DS Smith (SMDS) has issued an AGM update including a trading statement and that Finance Director Adrian Marsh has informed the company of his intention to retire on a successor being in place.
The thing about being an investor is that not everything goes your way. However, like any challenge or issue in life, what really matters is how you react. I have been a fan of DS Smith (SMDS), a leading multinational packaging business, I last talked about at length a few months ago. It has not been the greatest year for many stocks and DS Smith is among them. However I am not surprised that following today’s update in respect of the period since 1 May 2022, the shares are up this morning. Even more importantly, I think it is still a key FTSE 100 position for me.
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.
