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BILN Billington Holdings Plc

585.00
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Billington Holdings Plc BILN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 585.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
585.00 585.00 585.00 585.00 585.00
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Billington BILN Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
18/04/2023FinalGBP0.15508/06/202309/06/202304/07/2023
26/04/2022FinalGBP0.0301/06/202206/06/202204/07/2022
13/04/2021FinalGBP0.042503/06/202104/06/202106/07/2021
09/04/2019FinalGBP0.1306/06/201907/06/201905/07/2019

Top Dividend Posts

Top Posts
Posted at 17/4/2024 16:46 by primarch1
Such a frustrating market,stinking results great dividend record order book and it barely moves.
Posted at 17/4/2024 12:11 by mfhmfh
SFR up 16% on today's results compared to muted reaction from BILN yesterday.
Posted at 16/4/2024 07:14 by davebowler
Cavendish....Enterprise value (£m) 37.9FY23 results show very strong growth over FY22, driven by strong Structural Steel activity, with results slightly ahead of upgraded profit expectations, while stronger than expected cash flow resulted in an unexpectedly generous dividend of 33p (offering a FY23 yield of 7.0%). The group now has net cash of £22.1m and is debt free and is therefore in a strong position for potential M&A activity. Following the recent £90m of new orders to increase the order book to record levels we conservatively increase our adj PBT by £0.5m to £8.5m, with EPS of 52.1p, up 5.6%. Our TP increases to 610p from 541p, based on a FY25E P/E of 11x and offering significant upside to the attractive current level of 8.9x.
Posted at 22/3/2024 18:15 by bozzy_s
Not heard of this company until popping up on the winners list today. At first glance it looks sensational. H1 results showing EPS of 28p. H2 outlook positive, so should do 56p+ for the year. Dividend paying. £10m cash. Zero debt. Biggest ever order book. And on a current P/E of 8. Might have to take a deeper dive into the business.
Posted at 22/3/2024 09:03 by davebowler
Cavendish
Industrial Technology

£90m contract awards boost order book to a new record

Key data
Share price (p) 400.0
Target price (p) 541.0
Market cap (£m) 48.5
Enterprise value (£m) 37.7
Billington has successfully secured a number of significant contracts, which together are worth £90m over 24-months. The six new contracts include the largest single contract in its history and also boosts the order book to a new record high. These contract awards signal an increase in market share and provide further support to existing market expectations, and we anticipate further detail at the forthcoming results. The valuation looks attractive on a P/E of 8.1x and offering a premium dividend yield of 5.0%, supported by a strong FCF yield of 9.3x. Our price target remains 541p offering strong upside to current levels with the contract awards providing a boost to investor sentiment.
Posted at 22/3/2024 08:51 by taylor20
Doubled my holding yesterday, so rather pleased! Tempted to double it again, the only niggle I had was construction industry seems to be plagued with companies going into administration at the moment (maybe its always like that). I think this RNS shows that this is probably a net positive for BILN (i.e. less competition on contracts, rather than not getting paid for work).

Energy costs coming down steeply has got to be a net positive for margins, bigger than the negative impact of underlying wage inflation.
Posted at 20/12/2023 17:31 by boystown
Covered on Master Investor by Mark Watson Mitchell again. Voila:

Billington Holdings (LON:BILN) – Just Look At Them Go!
The quality of this supplier to the construction industry, of structural steel products and safety solutions, continues to shine through.

In early May this year the shares of the £58.8m capitalised group were trading up at 476.20p, since when they have been down to a low of 282.50p, that was in late October.

In the middle of November, the company issued its Trading Update stating very clearly that its strong trading performance had continued across the group.

Furthermore, it boasted that results for the year to the end of this month are now expected to be ahead of previous market expectations.

CEO Mark Smith stated that:

“Going forward into 2024 we have a healthy pipeline of further opportunities, however, we do remain mindful of continuing inflationary pressures and an uncertain macroeconomic outlook, but with our strong balance sheet I do believe the group is well positioned for the future.”

Understandably the group’s equity has subsequently witnessed a strong turnaround in value.

Analyst David Buxton at Cavendish Capital noted that the update confirmed strong margin progress and market momentum, supported by the group’s balance sheet strength.

He is looking for the 2023 year to show £125.0m (£86.6m) revenues, while adjusted pre-tax profits could increase to £13.3m (£5.8m), taking earnings up to a massive 83.9p (39.1p), which would easily cover a 20.0p (15.5p) dividend per share.

Buxton has a Price Objective of 541p out on the shares.

Last night they closed up 2.25%, some 10p better on the day at 457p.

Despite the 60% rise over the last month, I feel that holders should sit tight for even further good news.
Posted at 20/9/2023 17:47 by value hound
From Master Investor fwiw...

Billington Holdings (LON:BILN) – Shares Up 14.3% Since Last Week

Yesterday morning’s Interim Results announcement from this Barnsley-based structural steelworks group really pleased the market.

The first six months to end June showed a 30.2% leap in revenues to £60.15m (£46.19m) while adjusted pre-tax profits were 237.4% better at £4.96m (£1.47m), with earnings up 231% at 28.8p (8.7p) per share.

Through its subsidiaries the group designs, manufactures, and installs structural steelwork in the UK, Europe and internationally.

The company designs, fabricates, and installs bespoke steel staircases, balustrade systems, and secondary steelwork.

It also provides safety solutions and barrier systems to the construction industry; protection and fall prevention systems; and site hoarding solutions.

In addition, the company engages in the property rental and management services.

It provides services to construction projects and operates in sectors, such as retail, data, commercial offices, education, healthcare, rail, and others. 

At the end of the first half the group reported a strong balance sheet with £10.82m cash in the bank.

Analyst David Buxton at Cavendish Capital upped his profit estimates after the results, now looking for £115m (£86.6M) revenues for the year to end December, taking adjusted pre-tax profits up to £9.9m (£5.8m) and jacking up earnings to 62.9p (39.1p) and hoisting the dividend to 20.0p (15.5p) per share.

He has a 541p Price Objective on the £52m capitalised company’s shares, which touched 410p in response to the excellent H1 news, before closing better.

The shares were up to 476p in May this year, which is a level to be anticipated again in due course.
Posted at 19/9/2023 10:50 by ansc
Their dividend policy ... no interim but then a large final ... continues to puzzle me.
Posted at 09/3/2023 23:58 by value hound
Update from Simon Thompson:

Buoyed by a bumper order book, a more profitable revenue mix and sales pipeline, house broker FinnCap upgraded its 2022 and 2023 earnings per share (EPS) estimates by almost a third last September, and by an eye-watering 50 and 55 per cent, respectively, in mid-December. Today’s pre-close trading update has forced analysts to push through further mid-teens EPS upgrades for both years, based on pre-tax profit rising fivefold to £6.6mn (2022) and by a further 33 per cent to £8.8mn this year. On this basis, expect EPS of 45.7p (2022) and 57.1p (2023).

Moreover, net cash is surging, up from £9.4mn (2021) to £11mn (91p) and is forecast to rise to £15.4mn (27p) by the year-end. So dividend guidance has been raised, too. FinnCap pencils in a 2022 dividend per share of 15.5p (41 per cent upgrade), rising to 20p in the current year (54 per cent), the latter underpinned by a 13 per cent free cash flow yield. Rated on a cash-adjusted prospective price/earnings (PE) ratio of 5.1 and offering a forward dividend yield of 5.3 per cent, the shares continue to rate a buy.

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