Packaging group Macfarlane (MACF) has published a trading update including news that it “now expects the group will exceed its previous expectations for the full year”. Sounds good!
Recent recommendation packaging company DS Smith (SMDS) has announced results for its half-year ended 31st October 2020 and that there’s “growing momentum into H2”…
Over time packaging company DS Smith (SMDS) has been a real friend to me, as well as giving me plenty of geek opportunities to talk about packaging (which is now formally my third favourite geek area to talk about after ball bearings and tyres). Back in July I wrote that ‘if the share is still below three quid, expect me to be supplementing my holding…corrugated board is much sexier than Mr Market is perceiving it’. Well as I write the share price just about is still below three quid and I have built up my shareholding further over the last few months. Judging by today’s update, I am not ruling out doing so again…
Hello, Share Moochers. Being a green sort of investor, I’ve rather avoided the packaging company DS Smith (SMDS). Like me, you may get hot under the collar at all the over-packaging we see in supermarkets. Particularly the plastic kind. But I’ve learned that DS Smith is a paper packager, not a plastic one. And with paper and cardboard boxes becoming more popular at the expense of plastic packaging, the company could have a rosier future...
Back at the turn of the year I chose DS Smith (SMDS) as my second share tip of the year noting that the corrugated board and packaging company was:
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