I bought into these on January 3rd for the dividend. Probably boring to a lot on investors, but with a yield of 9.3%, they are worth a look for income seekers.

The Smiths News Group operates in distinct but complementary markets; newspaper and magazine wholesaling, Smiths News, book wholesaling, Bertrams and education supplies, The Consortium.

Smiths News is the UK’s leading newspaper and magazine wholesaler. The company distributes newspapers and magazines on behalf of national publishers as well as a number of regional publishers. It serves approximately 30,000 retailers across England and Wales, supplying large general retailers as well as smaller independent newsagents.

Company Website

Financial Calendar

Recent Broker notes

BarChart Indicators

Recent Market news

Smiths News Fundamentals

Preliminary Results Announcement yr ended 31-8-13


2013 HIGHLIGHTS:
· Strong financial performance:
- Revenue growth despite challenging market conditions
- Underlying PBT £53.0m, up 11.6%
- Free cash flow £32.6m, up 19.8%
· Strategic targets progressing:
- Smiths News: 53% of revenues secured, £800m per annum,
£6.2bn total to 2019 and beyond
- Bertrams: diversifying sales mix, international sales +30.2%, digital sales +38.0%, Wordery annualised sales of £15m
- The Consortium: delivering above expected acquisition returns, pro forma(7) profits +15.3%, new management team in place
- Group: 29% of profits outside of newspaper and magazine wholesaling,
on track to achieve 50% by 2016
· Strong shareholder returns:
- Underlying EPS of 22.4p, up 12.6%
- Final dividend of 6.3p, making a full year dividend of 9.3p, up 8.1%

Liberum Capital Buy 194.00 194.00 203.00 220.00 Reiterates

A late break.

5yr contract extension with Trinity Mirror PLC

New contact secures c£143m of annual revenues

Smiths News PLC ('Smiths News'), the largest UK newspaper and magazine wholesaler, a leading UK book supplier and a leading distributor of consumable products to the education market, is pleased to announce it has reached agreement with Trinity Mirror Newspapers to extend their newspaper wholesaling agreement until October 2019.

This new agreement secures 56% market share of Trinity Mirror's distribution business for an additional five years.

The contract is valued at c.£143m pa (at FY13 values) equating to 15% of the national newspaper distribution market. Trinity Mirror publishes The Daily Mirror, Sunday Mirror and The People along with Regional titles Newcastle Chronicle, Manchester Evening News, Liverpool Echo and Birmingham Mail. Smiths News has now secured c.£900m per annum of revenues through to 2019 equating to 63% of total sales.

I have finally parted company with my NWS. Happy to get out with a very good profit at 221.75p. There was something in the last update from MNZS that made me nervous - the read-across is obvious.

'Within Menzies Distribution poor trading conditions continue to prevail.
Magazine and newspaper volumes have tracked at the levels announced at the time
of our Interim Results. However, disappointing returns from ancillary revenues,
sticker collections and weaker than forecast seasonal sales within the
marketing services business are expected to impact the second half result.'

Interim Management Statement

The Group remains on track to deliver strong growth in underlying profit before tax for the year to 31 August 2014, in line with market expectations.

Total Group revenues decreased 0.4% year on year. The performance of each business unit is as follows;

· Smiths News total revenues declined by 2.0% and by 2.8% on a like for like basis.
Both newspaper and magazine performance is marginally above recent run rates, although full year expectations remain in line with last year's performance and prior guidance.

· Bertrams total revenues increased by 9.7% and decreased by 0.4% on a like for like basis.
Total revenues are being driven by recent acquisitions, with like for like revenues favourably impacted by the continued growth in Wordery, which is being offset by decreases in international and libraries revenues.

· The Consortium total revenues increased by 4.2% and by 4.2% on a like for like basis.
Education and Early years performed in line with expectations. Core revenues were up 6.0% benefitting from a strong peak performance in September.

· Media total revenues increased by 2.0% and by 0.2% on a like for like basis.

There has been no change in the underlying financial condition of the Group since the year ended 31 August 2013 and the Group continues to operate well within its bank facilities.

The Group will announce its interim results for the six months ending 28 February 2014 on 23 April 2014.

PRE CLOSE STATEMENT

Smiths News PLC ("the Group"), the largest UK newspaper and magazine wholesaler, a leading UK book supplier and a leading specialist distributor of consumable products to the education market, is today issuing its Pre close statement for the six months ended 28 February 2014.

· Smiths News newspaper and magazine revenue has continued to perform slightly above recent run rates, and we now expect the division to deliver profit marginally above last year's performance and our expectations.

· Bertrams total revenues continue to grow at c10% driven by growth in Wordery. However, the ongoing mix of lower margin categories, price competiveness and delays in realising the benefits from investments to drive long term growth will result in profits being below last year.

· The Consortium continues to perform in line with recent run rates and in line with expectations.

· Media continues to perform in line with expectations.

As a result underlying Group profit before tax for the first half is expected to be in line with the prior year.

There has been no change in the underlying financial condition of the Group since the year ended 31 August 2013 and the Group continues to operate well within its new bank facilities.

The Group will announce its interim results for the six months ended 28 February 2014 on 23 April 2014.

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I've bought in to these again this morning.

Looks to be a good time. Ex-divi mid June and a c6% div yield coupled with capital growth (hopefully).

JP Morgan Cazenove Overweight 153.63 - - Reiterates

Hmmm....that doesn't allow much scope for improvement.

Harry - that's misleading - they haven't quoted a target price - 153.63 is the price at the time of the rating.

They are reiterating their TP from 04th March (221p).

04 Mar 14 Smiths News PLC JP Morgan Cazenove Overweight 153.63 236.00 221.00 Reiterates

Joined you here skinny in @ 153.0

Interims on 23rd.

Cheers nice chart.

HARGREAVE HALE LIMITED > 5%

Interesting ,,, why the huge fall from Jan skinny ??

In 2 stages and I'd like to know as well.

Yes so would I.

Come on skinny....chop chop. lol