Home / Royal Mail / International Distributions Service, CVS Group, Kingfisher, M&G, Galliford Try

International Distributions Service, CVS Group, Kingfisher, M&G, Galliford Try

Key stats
Market capitalisation £2,651m
Dividend yield 5.06%

 

Scope for turnaround at underperforming IDS believes CT’s Smith

International Distribution Services (IDS), formerly known as Royal Mail, has been a significant underperformer but a new strategy may change its fortunes, says Columbia Threadneedle’s Jeremy Smith.

Smith holds the Citywire Elite Companies A rated postal and courier services group in his £3.3bn CT UK Equity Income fund, and in a recent update said the shares in IDS have ‘underperformed significantly over the last three years, resulting in a deeply discounted valuation’.


Source link

About admin

Check Also

Queen pulls out of Royal Variety Performance because of chest infection symptoms

Camilla had been due to join the King at the event on Friday night which …

Leave a Reply

Your email address will not be published. Required fields are marked *