Billington Share Discussion Threads

[scotchbroth] 21/10/2016 10:56

EBT not on the offer this morning. Perhaps finished selling for the time being?

[meijiman] 18/10/2016 15:07

Yes the Billington management love to shoot themselves in the foot.
Blam blam -wow that's painful
Let's do it with other foot as well.........
blam-howl.............

[scotchbroth] 18/10/2016 12:36

This stock only going one way (down) as EBT mostly always on the offer with up to 50,000 shares. All buys being absorbed by EBT, while any sell orders push the price down. Crazy own goal.

[battlebus2] 12/10/2016 19:12

Not sure what to make of it all, I've never been involved with a share that's selling their EBT it's usually the other way round.

[martinthebrave] 12/10/2016 18:47

If the share price starts to retrace back up I will rejoin you. The good news being that I won't need to do any research before buying!! What I don't like is not being able to work out why it keeps dribbling down when the fundamentals seem solid. On current trend I will be re-entering sub £2 by Christmas......

[meijiman] 12/10/2016 16:44

Yes its a classic conundrum. The last update was the great but the share price is under pressure. May reflect switching to biggger exporters. EBT can't be helping.

[rhomboid] 12/10/2016 16:40

Hi martinthenotsobrave

..sorry couldn't resist the cheap shot.

I can understand why you've cut & run (!) but my view is cheap quality companies always ultimately perform and you can never pick the point at which they take flight.

If we reconvene in 12 months I'll pay a £100 to your favourite charity if the shares aren't trading at least 25% higher.

Good luck either way!

[meijiman] 12/10/2016 16:34

Yes its a classic conundrum. The last update was the great but the share price is under pressure. May reflect switching to biggger exporters. EBT can't be helping.

[martinthebrave] 12/10/2016 16:01

Sorry Guys, today's fall is due to me bailing out. I bought in ahead of the interims last month. Everything looked great including the update but the share price has continued to fall - at least in part due to the persistent sells from the EBT. I like this company but in the short term there is probably better places for the cash. I will keep the RNS feeds on. Good look to you all. Martin

[battlebus2] 06/10/2016 14:13

I've no idea either S.J., could be they will dispose of them all so it could take a while at this rate. Not sure on the rules but is it possible for an inst to buy EBT shares or can they only be sold back to the market?. They won't mind todays price as I seem to remember them buying at around £1. Still not sure why they are selling unless they've decided no employees will be reward via shares from the EBT.

[sailing john] 06/10/2016 13:32

Clutching at straws here but, do you think 3% is important?
If so just another 9k or so to go
I guess we shouldn't worry about short term price driven by EBT trades. I assume they aren't trading for profit so must be some sort of requirement over next ? years
Not really my area of expertise - I have to say
SJ

[battlebus2] 06/10/2016 13:15

Another measly 3k sold, it's laughable really, i'd take 50k at £2 :))

[meijiman] 05/10/2016 09:08

Well I'm not selling -but disappointed that the share price does not reflect the excellent underling progress of the company.

[battlebus2] 05/10/2016 08:58

That's what concerns me because the broker is W.H.Ireland who have a great track record and should have been able to place the stock....

[battlebus2] 05/10/2016 08:50

Why given the outlook is no one interested in taking the EBT's remaining shares?

[meijiman] 05/10/2016 08:39

Maybe its because the company is shooting itself in the foot...........

[sailing john] 05/10/2016 07:56

Yes and rather surprising given a strong 1H with EPS of 11.7p
And the following headlines which couldn't be more positive!

· Strong order book providing visibility into early 2017.
· Strong, robust cash balance.
· Positive contribution from all divisions which are operating at or above budget.
· Good early progress made at the Shafton site in the initial six months following its acquisition.
· Market conditions remain positive.
· Billington continues to invest in training and skills development to support the strategic growth of the Company.

[battlebus2] 04/10/2016 11:14

Disappointingly we are still trending lower.....

[martinthebrave] 22/9/2016 17:09

Hoping for a bounce off 246p. It did it once today at the death and needs to move up tomorrow or we may head back to 220p. Solid hold though.

[meijiman] 22/9/2016 08:31

The EBT has messed up what was a strong set of results. I agree with you rhom that it appears amateurish......but as you say its given you the chance to get in at a lower price.

[rhomboid] 22/9/2016 07:25

I've bought a very sizeable holding here as I've taken advantage of the EBT sale, This is a single figure PE , 20% of M/cap in cash, growing company with improving margins and the Acq of Shafton benefits yet to feed through. I like it a lot , if the EBT was not selling clumsily I woundnt have had this opportunity.

[steelwatch100] 22/9/2016 03:27

Just some thoughts:

+ the EBT's look to be holding about 8% of share issued capital (down from 10.5%), which given the lack of shares in circulation is high. Long term this selling off will be good for the Company and shareholders alike.

+ the impressive effective cash increase of 5.3m in period combined with the record current order book, the positive earnings growth looks set to continue.

+ The new CEO still seems to be driving this company forward nicely.

+ Overall a positive outlook

[battlebus2] 21/9/2016 23:09

Yes I'm a bit uneasy at the selling and wonder why they didn't place the shares given the excellent trading, no explaination within the results either.

[bamboo2] 21/9/2016 21:28

bb, C'est la vie!

Not the end of the world. I'm quite up for stops, they have saved me quite a bit of money.

We could not have forseen the co selling into share price strength.

Seems quite odd. Almost like the co shorting itself.

It's going to be worth looking again when the selling is finished. Good set of figures.