UK 10:50 Wednesday, 4 November 2026
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SN

Smith & Nephew's new boss has to focus on performance and not pay

I do like 'The Smiths'. No, this is not some sudden disclosure of retrospective appreciation of the collected musical works of Morrissey and Marr, but rather an observation that you can make a conceptual case for respectively DS Smith (SMDS), WH Smith (SMWH), Smiths Group (SMIN) and Smith & Nephew (SN.). Certainly such a strategy would have been nicely remunerative on a year-to-date basis. Today though, whilst I am still penning love notes to DS Smith and have identified a price I want to get active in at WH Smith post its new big deal, the wheels have fallen off at Smith & Nephew a bit…

SN

Update on three ideas: Smith & Nephew, ConvaTec, Equiniti

A quick catch-up with three names I have written about in the past and who have published a corporate update in the last few business days.  First, Smith & Nephew (SN) which is Europe's biggest artificial hip and knee producer and hence exposed to an unfortunate ageing population growth trend.  However, as I noted in my last write-up, this is a company that has underperformed recently and not only is shuffling its top team but also has attracted the interests of an activist investor...which is kind of an interesting combination. 

SN

Hip Priest! (Or why I am warming up to Smith & Nephew)

Of course the title is a nod to the sad passing of music legend Mark E Smith a couple of weeks ago...but given the demographic of readers on this website I expect many of you are familiar with his 1981 penned epic which so famously was also used in The Silence of the Lambs. As one wag put it in a YouTube comment 'i find its (sic) the perfect song to play when you're being chased through your dungeon-like basement by an FBI special agent'. Absolutely! Anyhow...back to finance and investments.

SN

A Few Reasons Why Smith and his Nephew Might Cure our Share Blues.

Hello Share Touchers. The medical world is going to keep on expanding as new cures and treatments come on the market in the wake of huge scientific advances these days. I once wrote articles for a big global company on efforts to defeat the common cold. I also wrote a popular book on the subject, called Attishoo.

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Eric_Tricity
Eric_Tricity4 Nov 2026
The figures are possibly even worse than this, there are also beer taxes and other taxes. I saw an interview with a publican the other day who said after all these taxes he makes 20p profit on a £6 pint of his 'better' beer.The destruction of the hospitality trade and that is what it is, a planned destruction, is deliberate and until we have Reform UK, who are headed by businessmen, one of whom loves a pint, running the country this will continue. Virtually all retail and pubs will be shut by 2030 under Labour or Conservatives.
JD Wetherspoon explains economics and job destruction to the Uniparty
Eric_Tricity
Eric_Tricity4 Nov 2026
The John Lewis advert is vile, even offensive, there is nothing I like about it. I have a JL near me, I shall not be shopping there again.
Tom Winnifrith bearcast: ending 3 years of hurt tomorrow, the threat of legal action & what the mid terms mean
TOM
TOM4 Nov 2026
the olive curing going very well will have an update at w/e when phase 1 completed
Semi Final 2 - Vote now on the short contest to see who wins a week at the Greek Hovel
KUSSSB
KUSSSB4 Nov 2026
I believe your wife's idea, well done very entertaining. Good luck with the olives!
Semi Final 2 - Vote now on the short contest to see who wins a week at the Greek Hovel
TOM
TOM4 Nov 2026
unlike VLRM ECOB already has revenues and will soon massively increase capaicity and has real orders... why that makes it like VLRM eludes me
Eco Buildings Group – “New Contract Secured” further hints at the potential, Buy
TOM
TOM4 Nov 2026
as it happens my predictions as is usually the case 100% correctand you need to get a new hearing aid then
Tom Winnifrith bearcast: ending 3 years of hurt tomorrow, the threat of legal action & what the mid terms mean
Sohail
Sohail4 Nov 2026
Duke Capital now yielding 14%.Is this illusory as the sp is plunging .A small directors buy on the evil signal maybe a negative signal.
Duke Capital – full-year results, still an income value Buy

Complete Coverage

That Was the Week that Was 7 Days of ShareProphets

Wednesday »

Bearcast
Tom Winnifrith Bearcast: what a company does not say and frightening words it can say
  • By Tom Winnifrith
  • 10 minutes ago
FDM
FDM Group – “consultants assigned to clients has increased”, but how materially and what about the financials?…
  • By Steve Moore
  • 11 minutes ago
MPAL
EXPOSE: MedPal AI still burning cash and still hiding key metrics
  • By Tom Winnifrith
  • 1 hour ago
JDW
JD Wetherspoon explains economics and job destruction to the Uniparty
  • By Tom Winnifrith
  • 2 hours ago
Oil-Rig
Video: ‘Massive Upside’ In Oil Stocks & The Iran War Restart
  • By Tom Winnifrith
  • 2 hours ago
LIKE
Likewise Group – “materially ahead of current market expectations” value from a winning share tip
  • By HotStockRockets
  • 2 hours ago
Greek Tear
The grand final voting - win a week at the Greek Hovel contest, Darren has it in for his employer!
  • By Tom Winnifrith
  • 3 hours ago

Tuesday »

CPX
CAP-XX – “Director/PDMR Shareholding” announcement, attempted ramptastic?
  • By Steve Moore
  • 19 hours ago
ECOB
Eco Buildings Group – “New Contract Secured” further hints at the potential, Buy
  • By Tom Winnifrith & Steve Moore
  • 19 hours ago
Bearcast
Tom Winnifrith bearcast: ending 3 years of hurt tomorrow, the threat of legal action & what the mid terms mean
  • By Tom Winnifrith
  • 19 hours ago
PANR
A slam dunk oil sell for Christmas
  • By Tom Winnifrith
  • 20 hours ago
AMRQ
Panmure: Amaroq now 98p target 165p, Maarmorilik comment
  • By Tom Winnifrith
  • 21 hours ago
TUNE
Focusrite – interims emphasise “improved profitability supporting full year expectations”, but how ‘improved’ are those?…
  • By Steve Moore
  • 21 hours ago
Dead-Donkey
Alessandro Zamboni’s Nuburu – CLN providers dump shares onto mug retail punters yet again
  • By Tom Winnifrith
  • 22 hours ago
AGY
Allergy Therapeutics is off – another hammer blow to AIM
  • By Tom Winnifrith
  • 23 hours ago
GEX
Will Georgina Energy sue Tom Winnifrith & ShareProphets: see you in Court Bitchez!
  • By Tom Winnifrith
  • 24 hours ago
STX
Shield Therapeutics – after in August “on track for operating profitability in 2026”, what about now with a “Q3 2026 Trading Update”?…
  • By Steve Moore
  • 24 hours ago

Monday »

Bear
Semi Final 2 - Vote now on the short contest to see who wins a week at the Greek Hovel, polls close Tuesday midnight
  • By Tom Winnifrith
  • 2 days ago
Bear
Semi Final 1 - Vote now on the short contest to see who wins a week at the Greek Hovel, polls close midnight Tuesday
  • By Tom Winnifrith
  • 2 days ago
Boom
My most viewed X post in history, Emma Reynolds MP is a bitch and I want my cash back
  • By Tom Winnifrith
  • 2 days ago
Bearcast
Tom Winnifrith Bearcast: a poisonous snake tale from Greece, Gotcha Vast!, Eco Buildings and Amaroq, chatting to Black Angel's last owner
  • By Tom Winnifrith
  • 2 days ago
CPX
CAP-XX – emphasises “strengthened demand”, but how financially significant?…
  • By Steve Moore
  • 2 days ago
AMRQ
Amaroq string of pearls video out today made me feel ill
  • By Tom Winnifrith
  • 2 days ago
VLRM
How to tantalize morons : feeble minded Valereum shareholders are being tortured with bogus share trading
  • By Tom Winnifrith
  • 2 days ago
IBST
Ibstock – “trading conditions deteriorated sharply during the third quarter, with weakness continuing”. You were warned!…
  • By Steve Moore
  • 2 days ago
Crime-Scene
Why not name the villainous company? Surely this is insider dealing?
  • By Tom Winnifrith
  • 2 days ago
WCAT
Wildcat Gold shares suspended: has Guild resigned another account? It should
  • By Tom Winnifrith
  • 2 days ago

Sunday »

Bearcast
Tom Winnifrith Bearcast: madness all round
  • By Tom Winnifrith
  • 3 days ago
VLRM
BREAKING: Now Valereum threatens to go legal: I hope to see you in Court bitchez!
  • By Tom Winnifrith
  • 3 days ago
Gold
The View From The Montana Log-Cabin As Gold Plunges Below $3,900: Panic? Never!
  • By Nigel Somerville
  • 3 days ago
Blackboard
Visual Aid: Inflation Rates Around the World in 2026
  • By Darren Atwater
  • 3 days ago
Quiz
The ShareProphets Sunday Pub Quiz #370
  • By Darren Atwater
  • 3 days ago
GEX
Georgina Energy – where is all the cash going?
  • By Tom Winnifrith
  • 3 days ago
Reading
Sunday Long Reads: Victoria & Abert, UAE’s Manchester, AI Bets, Medieval Times, Buenos Aires Heist
  • By Darren Atwater
  • 3 days ago
VLRM
Who is to blame for Valereum suspension? You guessed it, this is another Great British Company brought low by evil TW
  • By Tom Winnifrith
  • 3 days ago
Top-10
Notes from Underground – Most read articles for the week ending October 31
  • By Darren Atwater
  • 3 days ago

Saturday »

Bearcast
Tom Winnifrith Bearcast: Andy Burnham talks bollocks twice and the now certain death of the Valereum $32 billion gold crypto fraud
  • By Tom Winnifrith
  • 4 days ago
ZIN
Bet the ranch on a short, win a Greek Hovel Holiday – entry No 14: Steve Moore on Zinc Media
  • By Tom Winnifrith
  • 4 days ago
ESNT
Essentra – “Q3 2026 Trading Update”, a further positives Buy
  • By Tom Winnifrith & Steve Moore
  • 4 days ago
ECOB
Bet the ranch on a short, win a Greek Hovel Holiday – entry No 13: Fagash on Eco Buildings
  • By Tom Winnifrith
  • 4 days ago
VAST
BREAKING: Brian Moritz walking the plank at Vast, email cock up prompts accusations of fraud, RNS needed!
  • By Tom Winnifrith
  • 4 days ago

Friday »

VLRM
Photo article from Greece as Crazy Colette Quinn and jayrh lose all their money
  • By Tom Winnifrith
  • 5 days ago
Bearcast
Tom Winnifrith bearcast: meeting up with my goat milking teacher
  • By Tom Winnifrith
  • 5 days ago
EMAN
Everyman Media – General Meeting result means it’s another AIM cancellation ahoy…
  • By Steve Moore
  • 5 days ago
CRU
Coral Products – good news travels fast and bad news is delayed…
  • By Steve Moore
  • 5 days ago
Bear
Video: gold to fall to $3,100 but the long term bull case
  • By Tom Winnifrith
  • 5 days ago
OPTI
Optibiotix – when you start making up telephone numbers, I call total bullshit
  • By Tom Winnifrith
  • 5 days ago
Beggar
Nuburu - delisting deferred (for now)
  • By Tom Winnifrith
  • 5 days ago
BTC
London Bitcoin - time to fess up, interims imminent
  • By Tom Winnifrith
  • 5 days ago
VLRM
Bet the ranch on a short, win a Greek Hovel Holiday – entry No 12: Tom Winnifrith On Valereum and 2 others
  • By Tom Winnifrith
  • 5 days ago
PRD
GOTCHA! Predator Oil & Gas, the duster in the desert
  • By Tom Winnifrith
  • 5 days ago
GEX
Bet the ranch on a short, win a Greek Hovel Holiday – entry No 11: Seadoc (again) on Georgina Energy (again)
  • By Tom Winnifrith
  • 5 days ago

Thursday »

FDBK
Feedback plc – a 2pm “Business Update”. Uh Oh!
  • By Steve Moore
  • 6 days ago
VANQ
Vanquis Banking Group – “signs of affordability pressure emerged in some credit card customer cohorts”. Uh oh…
  • By Steve Moore
  • 6 days ago
Bearcast
Tom Winnifrith Bearcast: Fagash what are you smoking? Why not go full in and become a NED at Bluebird as well?
  • By Tom Winnifrith
  • 6 days ago
ZIN
Zinc Media – a “pleased to announce” fundraise, so surely a limited discount to the prior share price then…
  • By Steve Moore
  • 6 days ago
SYME
Insolvent fraud Supply@Me Capital kicks the can down the road, now interims won’t be published by 31 October 2026 deadline. But the end is nigh!
  • By Tom Winnifrith
  • 6 days ago
LLOY
Bet the ranch on a short, win a Greek Hovel Holiday – entry No 10: Gordon Gecko on Lloyds
  • By Tom Winnifrith
  • 6 days ago
CTAI
Catenai AI – a high risk gamble that didn’t pay off but a shocking breach of AIM rules to boot, what is Liam Murray at Cairn smoking?
  • By Tom Winnifrith
  • 6 days ago
KEFI
Bet the ranch on a short, win a Greek Hovel Holiday – entry No 9: Reader P on Kefi
  • By Tom Winnifrith
  • 6 days ago
MIRI
Mirriad Advertising – investment discussions “now terminated”, quelle surprise! You were warned…
  • By Steve Moore
  • 6 days ago
HTG
Hunting plc – warns “conflict in the Middle East has impacted our overall results”, but that’s not all…
  • By Steve Moore
  • 6 days ago

Wednesday »

Bearcast
Tom Winnifrith Bearcast: Rearranging deckchairs and the discount you need on a placing
  • By Tom Winnifrith
  • 7 days ago
MPAL
MedPal AI: is it burning cash to buy market share? Winnileaks questions
  • By Tom Winnifrith
  • 7 days ago
AML
Evil Banksta on his big short from Sharestock: Aston Martin Lagonda
  • By Tom Winnifrith
  • 7 days ago
TERN
Tern – more cash out of the door to Device Authority. Tick-Tock, Tick-Tock it’s almost discounted placing o’clock (Yet Again!)
  • By Nigel Somerville
  • 7 days ago
BRCK
BRCK Group – “the timing of any recovery in new housebuilding starts remains uncertain”, so trading should be as expected then?…
  • By Steve Moore
  • 7 days ago
AVCT
Bet the ranch on a short, win a Greek Hovel Holiday – entry No 8: Seadoc on Avacta
  • By Tom Winnifrith
  • 7 days ago
KEN
2 Ramptastic RNS’s in 2 days and Kendrick shares plunge to 4.25p you know what is underway, shall we say 3p vicar?
  • By Tom Winnifrith
  • 7 days ago
WCAP
WeCap has to fess up that it may not be able to pay loan due in May 2027!
  • By Tom Winnifrith
  • 7 days ago
GEX
GOTCHA! Georgina Energy – you could not make this shit up, except it just did! Admission of fraud!
  • By Tom Winnifrith
  • 7 days ago
CRTA
Bet the ranch on a short, win a Greek Hovel Holiday – entry No 7: The Cornishman on Cirata
  • By Tom Winnifrith
  • 7 days ago
Clown_Funeral
The cross dressers at Baker Street jump on the anti semitism bandwagon as they defame me and Kefi
  • By Tom Winnifrith
  • 7 days ago