Hill & Smith Share Discussion Threads

[hvs] 16/11/2010 21:25

nah dont think he ever went to school.

[killieboy] 16/11/2010 18:31

matt123d - can you explain your last comment?

[matt123d] 16/11/2010 16:44

Closed below the 5dma but above 250p. Should meet a new wave of supply now to take it on the next leg down below 230p.

[redartbmud] 16/11/2010 15:32

Over 250p on a bad day for the market, a good sign. Looks like short-term downrend, but market was generally overbought.
If price holds 250p at close i will be a happy bunny, sh should previous chair, Dave Grove, who holds 800/900k shares.

[phillis] 16/11/2010 14:01

we now know what management thinks of the share price fall

[redartbmud] 16/11/2010 09:06

Looks like the herd has moved on, the volume has disappeared.
Directors bought in the 230's so can't be a bad sign.
XD on 24th, will the price hold at these levels now, or will we test 230p again?

[matt123d] 15/11/2010 19:35

Yeah that's right strong support at 230p if it fails then the demand below won't be strong enough to keep it from testing 200p. Time will tell whether buyers take back control of this and push it back above the crucial 250p level.

Will take a few weeks for this to play out i'd imagine. Currently extended to the downside so caution to the shorts.

[hvs] 15/11/2010 16:30

Ello matt

230p did you say and below ?

[phillis] 15/11/2010 16:04

recovering nicely

[matt123d] 12/11/2010 17:01

Yes supply seemed to get exhausted this afternoon, caused some fresh demand to return. Would expect an attempt to get back above 250p to be made now which should be met with a new wave of supply which will in turn take the price down to a lower low below the 230p level. Time will tell.

[redartbmud] 12/11/2010 16:39

Looks like it has turned the corner this afternoon.
Interesting that there have been some big purchases over last few days 100k up to 250k of shares.
Are institutional holders topping up? We should see announcements soon if it is the case.
At present backing Bill Whiteley, bought again today.

[matt123d] 12/11/2010 12:14

230p appears to be holding for now. Crucial level here though. If buyers don't take back control then 200p will be reached pretty quickly.

[hvs] 12/11/2010 11:35

Better than being in THE MUD.

[redartbmud] 12/11/2010 08:53

Has anyone picked up on the comment about consolidation?
This would indicate cutting plants & jobs - which, where, when & how many?
Are they anticipating further deterioration in the business?
Looks like the shares I picked up yesterday could be under water for some time

[killieboy] 11/11/2010 19:35

Hill & Smith upgraded to buy from neutral at Arbuthnot, 300p target price under review.

[phillis] 11/11/2010 17:35

give it a few days until the shorters take their profits and their attentions elsewhere

[killieboy] 11/11/2010 16:46

WIN gone the same way today on modest interims.

[tsmith2] 11/11/2010 16:46

We believe that the rest of the Group is trading in line with expectations, and
if anything the pressure on the UK infrastructure spend will redouble
management's efforts on driving efficiencies from the rest of the Group. We
see both Building Products and Galvanising as having operational gearing
exposure to improving economic activity, something not fully in forecasts.
Entering our new forecasts into CS Quest™ highlight the continued
attractiveness of the Group's strategy. The underlying CS Quest™ valuation
falls from 378p to 343p- a 20% premium to last night's closing price. 2011
reflects a nadir in the Group's earnings cycle, and the Group's CFROA is still
a healthy 12.7%. Using this as a long term fade produces an underlying CS
Quest™ valuation of 752p per share.
Attractions remain. BUY on any weakness.
Hill & Smith is a very tightly run business, and arguably has been affected by
a once in a generation event. Although the earnings downgrades, totally
expected are still disappointing, we believe that the shares remain cheap,
and reiterate our BUY recommendation. CS target price of 343p is based on
the adjusted CS Quest™ valuation, also a modest 10x rating. With net debt
a modest 1.3x EBITDA, this is a well funded Group and one well placed to
opportunistically build on its strengths. BUY.

[matt123d] 11/11/2010 16:29

Maybe a tad over optimistic but in my opinion just based upon newsflow doesn't offer the propects required for fresh demand to return to buy the shares at these levels.

Technically speaking the 200mma is not out of the question for a target.

Haven't got a crystal ball and not many shorts out there at present but this ticks all the boxes.

[redartbmud] 11/11/2010 16:06

Can matt123d be serious - 150?
Has the company become a bad one overnight because it has reported what we already know is happening it its' major marketplace?

[phillis] 11/11/2010 15:58

good sector focus and increasing geographical diversity
good one to tuck away at these prices

[matt123d] 11/11/2010 15:56

Unfortunately technically speaking this is definitely a shorting candidate medium term. Sorry to say.

Short term maybe looking a little extended to the downside at present. This is just the start of a multi month move lower in my opinion. First signs of all moving averages moving lower and 20dma turning negative. 200dma has been negative since August.

If 230p fails will be looking for 150p medium term.

[hvs] 11/11/2010 15:23

NOT FOR LONG

[matt123d] 11/11/2010 15:22

Sellers still in control here

[hvs] 11/11/2010 13:33

BUY BUY BUY

corse if u is a pensioners you cannot BUY BUY unless u is on extra benefits.

BUY BUY BUY BUY