Billington Share Discussion Threads

[meijiman] 09/2/2017 20:28

There is an obvious contrast with Severfield where the share price is moving ahead. Sev management seem much more pro-active in terms of promoting the company. But I will certainly wait to see what Billington come up with in March.

[battlebus2] 09/2/2017 20:17

Full year results usually towards end of March so not that long until we find out.

[interceptor2] 09/2/2017 20:04

I agree that it is likely that Biln are trading their socks off rhomboid.

Below is an extract from the statement released within their last interim results.

"Billington currently has the longest forward order book, in relation to capacity, in the Group's history, and the strength of this provides the Company with confidence going into the second half of the year.

"With the headway made in the first half of the year, the next six months are set to be a busy period for the Company, and the Board and I are confident that Billington will deliver positive full year results."

Continued investment in Group companies and staff training has ensured all divisions have positively contributed to the Company's performance and this is expected to continue as Billington enters into a very busy second half of the year.

[rhomboid] 09/2/2017 19:50

Don't say anything..you'll put a hex on it. I'm convinced they're trading their socks off so I'm sitting on my biggest paper loss until the mkt wakes up to the fact. One of the reasons is I thought I'd crash the price if I sold but there's definitely a buyer around.

[battlebus2] 09/2/2017 19:19

Fingers crossed Pj.

[pj 1] 09/2/2017 19:06

Very small volume but I have noticed that the last few days the sells are being soaked up without any tick downs, hopefully a positive indicator.

[battlebus2] 23/1/2017 16:05

Director sells 10k, not a lot in the face of it.

[sailing john] 23/1/2017 08:27

SFR up another 8% following the Midas tip and only one small trade here!

[deanowls] 22/1/2017 14:57

Same here and added a few more last week.

[rhomboid] 22/1/2017 14:40

SFR is my third largest holding and BILN my 5th as I really like both as quality companies growing sales and margins with net cash. I think there's a flight to quality amongst clients as a large number of specialist contractors have gone bump over the last year or two with all the attendant disruption that entails for delivering projects on time and budget. I believe SFR getting this;



..from William Hare was a straw in the wind looking at their balance sheet ..

With BILN there is a load of value add especially with their HoardIt division so I'm quietly optimistic.

[sailing john] 22/1/2017 13:37

Steel re valuation - totally agree
I previously held both SFR and BILN but sold SFR to add to BILN given the MC/Rev and PBT ratio disparity between SFR and BILN
Clearly we are currently off the radar and personally I like companies that are confident enough to not feel that they have to issue endless market updates. Value will out when results are published!
Great news that Severfield doing so well - suggests sector moving the right way
SJ

[steelwatch100] 22/1/2017 12:15

Totally agree with the above.

BILN Market Cap (excl cash) of approx 24m is only 11% of sfr current value. However, they have 25% of sfr turnover, plus a good spread of quality associated businesses & positive management team.

Trading update would help get some interest in this stock.

[jaf111] 22/1/2017 12:03

Maybe this might help a little.......



Being so illiquid it doesn't take much to move the share price....either way!!!

[meijiman] 20/1/2017 16:03

Yes I agree and indeed had been wondering why Sev was rising and this sleeping. Given the background to the structural steel supply business I think all boats rise with the tide. BILN should do more to get its message across.

[gleach23] 20/1/2017 15:51

My sentiments too rhomboid

Only 1500 available to buy online at the moment...watching with a view to a top up

[rhomboid] 20/1/2017 15:24

I think the limited free float means no institutional interest and PI's have short attention spans so any selling effect is exaggerated. I'm expecting a huge bounce when the underlying performance is reported.

[jaf111] 20/1/2017 15:17

Interesting? / surprising? / strange? recent share price weakness in view of rising SFR share price....any explanations? Up until last month ago shares of both seems to be following similar pattern......

[steelwatch100] 14/1/2017 17:15

All quiet since ebt disposal. For a Co in the same market as SFR their share price now looks low in comparison. Perhaps a trading update might help to get some interest back?

[battlebus2] 22/11/2016 14:09

Yes sounds a plan. Will do ..

[sailing john] 22/11/2016 13:36

OT - You were registered at battlebus - only a minute to register as battlebus2 if you wish
SJ

[battlebus2] 22/11/2016 13:31

Excellent thoughts SJ. Lost my password for your site and I've changed email so couldn't post anything....

[battlebus2] 22/11/2016 11:56

Cheers Bamboo2, I'll stick my neck out for £3 plus ;))

[bamboo2] 22/11/2016 10:28

The tp for the Falling Wedge is around 290

[battlebus2] 22/11/2016 10:11

Welcome back IC2.....