Hill & Smith Share Discussion Threads

[rhomboid] 04/8/2016 10:37

Great results

"Key points:



· Continued strong trading, +6% organic underlying revenue growth; underlying operating margin +170bps to 13.0%



· Over 80% of underlying revenue and 90% of underlying operating profit generated from UK and US operations, where infrastructure investment outlook remains favourable



· Underlying operating profit up 25% driven by growth in UK and US operations



· Five infrastructure acquisitions completed, non-US Pipe Supports restructuring on plan, in line with strategy of active portfolio management to drive returns



· Strong cash generation supporting continued investment in acquisitions and organic growth



· Interim dividend increased by 20% to 8.5p



Derek Muir, Chief Executive, said:



"These results represent an excellent performance, with record revenue and profitability and improved underlying operating margins across all three divisions. We continue to benefit from our strong position in niche infrastructure markets, predominantly in the UK and US, where high levels of investment are fuelling demand for our products.



"In the UK, the Government's Road Investment Strategy provides certainty of funding through to 2020/21 and, in addition, exciting progress is now being made in our Roads business in the US and Australia. In Utilities also, our UK and US activities are well placed to continue to benefit from the significant investment in the ageing infrastructure of those countries. In Galvanizing, notwithstanding strong comparatives in the second half, our US and UK operations are expected to more than offset any weakness in France.



"Overall, although risks remain, 2016 is expected to be a year of good progress."

[hvs] 04/8/2016 10:26

6 Aug'15 - 07:30 - 717 of 744 0 0 edit

Yes congrats.

U cannot expect more .

But more they are doing.

SOLID company.

[hvs] 04/8/2016 10:24

NOthing sudden about HILs.

It has been firing on all cylinders for YONKS.

Go on my son.

Show them what you are made of.

[rhomboid] 20/7/2016 15:17

Anyone seen anything specific to account for the current enthusiasm? I'm assuming it's just the penny dropping re $USD translation benefit but it seems a bit sudden?

[1savvyinvestor] 26/5/2016 08:46

After director selling I sold out at just under £10. Looking to get back in at about £8.50 as still like the company

[thomasthetank1] 18/5/2016 12:23

Read Panmure Gordon & Co's note on HILL & SMITH HOLDINGS PLC (HILS), out this morning, by visiting hxxps://www.research-tree.com/company/GB0004270301

"Unlike most UK engineering stocks, the performance of Hill & Smith shares is not dependent on the ebbs and flows of the giant casino, otherwise known as the Chinese economy. It relies on a well-proven activity called ‘growing earnings per share’ without playing Russian roulette with the balance sheet. The strategy is simple: focus on niche products that can be deployed in a wide range of end-user markets, stick to geographical markets that offer highest returns and stay (very) disciplined on acquisitions. The shares have out ..."

[thomasthetank1] 18/5/2016 12:23

Read Panmure Gordon & Co's note on HILL & SMITH HOLDINGS PLC (HILS), out this morning, by visiting hxxps://www.research-tree.com/company/GB0004270301

"Unlike most UK engineering stocks, the performance of Hill & Smith shares is not dependent on the ebbs and flows of the giant casino, otherwise known as the Chinese economy. It relies on a well-proven activity called ‘growing earnings per share’ without playing Russian roulette with the balance sheet. The strategy is simple: focus on niche products that can be deployed in a wide range of end-user markets, stick to geographical markets that offer highest returns and stay (very) disciplined on acquisitions. The shares have out ..."

[thomasthetank1] 18/5/2016 12:17

Read Panmure Gordon & Co's note on HILL & SMITH HOLDINGS PLC (HILS), out this morning, by visiting hxxps://www.research-tree.com/company/GB0004270301

"Unlike most UK engineering stocks, the performance of Hill & Smith shares is not dependent on the ebbs and flows of the giant casino, otherwise known as the Chinese economy. It relies on a well-proven activity called ‘growing earnings per share’ without playing Russian roulette with the balance sheet. The strategy is simple: focus on niche products that can be deployed in a wide range of end-user markets, stick to geographical markets that offer highest returns and stay (very) disciplined on acquisitions. The shares have..."

[redartbmud] 17/5/2016 18:48

A very well managed business. There are lots of infrastructure renewal and build opportunities in both the UK and USA where the company can supply products required for the jobs. If they price correctly they can continue to progress.
I have every confidence that is the case.

[rhomboid] 17/5/2016 17:37

Good AGM statement , shares are now at an all time high, I can see this business being a decades long hold for me as it is proving adept at exploiting niches.

Nice quiet Bulletin Board as well..

[gco1133a] 05/5/2016 16:42

Will enter FTSE 250 next month at this valuation

[gco1133a] 06/4/2016 16:40

Another really good move.

[gco1133a] 09/3/2016 17:23

Yes great results. Share price just kept rising.

[wirralowl] 09/3/2016 10:35

Still seem to be in a sweet spot, going great guns. 15% increase in dividend, 2.5x cover, 13 years consecutive increases...very happy to hold for the LT.

[redartbmud] 09/3/2016 08:16

I will drink to that.

[bothdavis] 09/3/2016 08:05

Still the best share in my modest collection, seems to have a sensible management who saw them through the downturn and keep making sensible purchases too. So far!! Long may they prosper.

[ali47fish] 26/2/2016 16:57

i cant believe how quiet htis when we have here one of the best companies and doing well today

[market sniper1] 07/12/2015 09:46

HILS Hill@Smith Holdings PLC

Hill & Smith Holdings PLC

FORECASTS

2015 2016
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Panmure Gordon
04-12-15 HOLD 51.20 49.40 20.10 59.30 55.70 22.60
N+1 Singer
04-12-15 BUY 50.00 48.20 20.00 54.90 52.90 22.00
Arden Partners
04-12-15 BUY 49.40 48.13 20.00 55.00 53.59 22.00
Peel Hunt LLP
02-12-15 BUY 50.79 48.99 19.44 55.91 53.92 21.00
Investec Securities
17-11-15 BUY 50.50 48.64 20.00 53.30 50.75 21.50
Canaccord Genuity Ltd
06-10-15 BUY 50.70 49.70 20.00 54.80 53.50 22.00
Numis Securities Ltd
10-08-15 HOLD 50.00 48.10 20.00 54.40 50.60 22.00

[market sniper1] 04/12/2015 14:48

HILS Hill@Smith Holdings

Lovely breakout on chart today after failed attempt yesterday. The stock trades on a present P/E of 24.9 but this falls to a P/E of just 14.5 prospective for 2016 on the back of EPS increasing from 29.3p this year to 50.3p in 2016.



Hill & Smith Holdings share price information

Name Hill & Smith Holdings Epic HILS
Sector Industrial Engineering ISIN GB0004270301
Activites Hill & Smith Holdings PLC is a decentralised group serving the infrastructure, building and construction industries. Index n/a
Latest share price (p) 744.25 Net gearing (%) 54.53
Market cap (£m) 571.00 Gross gearing (%) 56.15
Shares in issue (m) 78.22 Debt ratio 42.34
P/E ratio 20.80 Debt to equity ratio 0.57
Divs per share (p) 18.00 Assets / equity ratio 2.28
Dividend yield (%) 2.56 Price to book value 3.15
Dividend cover 2.26 ROCE 11.72
Earning per share (p) 35.10 EPS growth (%) 18.58
52-week high / low (p) 735.00 / 565.00 DPS growth (%) 12.50

Hill & Smith Holdings broker views

Date Broker Recommendation Price Old target price New target price Notes
26 Nov Investec Buy 744.25 835.00 850.00 Reiterates
26 Nov Peel Hunt Buy 744.25 780.00 810.00 Reiterates
24 Nov Numis Add 744.25 - 735.00 Upgrades
24 Nov Canaccord Genuity Buy 744.25 870.00 870.00 Reiterates

[manrobert] 25/11/2015 13:51

budget looks good for hill and smith.

[wirralowl] 24/11/2015 09:57

Nice trading update by HILS today. Reporting everything on track, with an 'encouraging' outlook...Good share price response too, very happy to hold here.

[manrobert] 18/11/2015 10:10

xd.7.1p in the morning.