A better than expected full year outcome and a special dividend have boosted the share price of Swindon-based newspaper and magazines distributor Smiths News (LON: SNWS). The updated bank facilities no longer cap the dividend payment at £10m. The share price rose 8% to 61.06p last week. Management will be making a presentation on MelloMonday on 11 November at 5pm (MelloMonday 11th November 2024 – Mello Events).
In the year to August 2024, there were annual operational savings of £5.6m and £2m of additional profitability from organic growth. That helped to offset declines elsewhere and unde...
