Billington Share Discussion Threads

[herbert0] 18/4/2024 21:54

I consider it good thing that the executive directors have a decent share of the business

[mfhmfh] 18/4/2024 18:58

Seller cleared?

[sharesoc] 17/4/2024 17:48

We're hosting a SIGnet Follow-Up Meeting on 7/5/24 at 7pm to analyse BILN's Full Year Results presentation with IMC. SIGnet members can register here:

[primarch1] 17/4/2024 16:46

Such a frustrating market,stinking results great dividend record order book and it barely moves.

[taylor20] 17/4/2024 12:28

Some updates:



Also a new Cavendish note, which needs registration to access:

hxxps://www.cavendish.com/research-portal/#/portal/cavendish/companies/079ce9c7-61c2-4ea6-b7bb-4c67612d9215/research

[mfhmfh] 17/4/2024 12:11

SFR up 16% on today's results compared to muted reaction from BILN yesterday.

[herbert0] 17/4/2024 06:59

S H Structures
Restart of Tubecon

[herbert0] 16/4/2024 17:19

Good News during Investor Meet regarding the staff taken on from the Bridge construction company recently gone into receivership.

[johnwise] 16/4/2024 09:27

Billington Holdings PLC Results for the year ended 31 December 2023

[jay083] 16/4/2024 08:27

cracking set of results.....muted reaction. £5 was always going to be a tough nut to crack but still. Would expect simon thompson to give this a push in the IC

[davebowler] 16/4/2024 07:14

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.

[herbert0] 23/3/2024 08:10

Let’s hope an update at the time of full year results will boost the share price by 10-20%. Perhaps 2024 profits estimate increased 10% to 55p EPS, and an acquisition of a company for the £10m cash increasing the profits by another 5%.

[toptomcat] 22/3/2024 20:37

That's right Bozzy. Definitely ticks a lot of boxes. Worth some time for further research.

[bozzy_s] 22/3/2024 18:15

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.

[davebowler] 22/3/2024 09:03

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.

[taylor20] 22/3/2024 08:51

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.

[primarch1] 22/3/2024 08:22

Cash rich record order book and revenue underpinned for next two years excellent company glad I got on board with recent pullback

[herbert0] 22/3/2024 08:17

Excellent news £90m orders nearly a whole year's worth of work

[toptomcat] 22/3/2024 07:24

Great news from this super well run company

[mfhmfh] 22/3/2024 07:21

Looking forward to results in April after today's RNS.

[herbert0] 02/1/2024 10:19

Nice rise today. I hope it gets to £5 for a PE of 10