Billington Share Discussion Threads

[rhomboid] 21/3/2017 09:45

They're a private investment vehicle associated with who bought in when BILN had a major wobble a few years back, they also had an interest in a couple of small cap construction & property companies back in the day

[tiswas] 21/3/2017 09:29

Does anyone know who Gutenga Investments PCC Limited are and how it came about that they hold 49.9%?

[meijiman] 21/3/2017 09:06

I think BILN needs a new broker as the present lot seem to be behind the curve in promoting this company to the right sort of investors.

[tiswas] 21/3/2017 08:29

Stocko had forecasts of £2.37m 20.5p eps and 3.00p div. Results were £2.9m, 25.4p eps and 10.00p div. share price reaction is muted and in Feb they said they were going to deliver results in line with market expectations.

What am I missing?
Cheers

[steelwatch100] 21/3/2017 07:49

The most encouraging thing for me is the language used by the relatively new CEO Mark Smith, positive, forward looking, inclusive etc. Also, new share option great for staff retention and future progress.
All in all bringing new energy to this company - great.

[sailing john] 21/3/2017 07:43

rhomboid - "cracking results"
Exactly what I was thinking

Battlebus - Yes!

SJ

[battlebus2] 21/3/2017 07:39

I think we are all pleased with those results Rhomboid also makes them a prime target at the current valuation imv. I've been here from February 2015 and during that time the co has gone from strength to strength but the share price hasn't followed the same pattern with the 10p dividend it's becoming an income stock.....

[rhomboid] 21/3/2017 07:35

Cracking results

"
20.4%
Dividend
10.0p
6.0p
66.7%


Highlights

· Strong profit and revenue growth for the year
· Good order book with work through to the end of 2017
· Approximately 25,000 tonnes of material fabricated throughout the year
· Operating margins improved to six per cent in the year
· Positive progress at the Shafton facility and further operational improvements anticipated from the second half of 2017
· Billington continues to strengthen its workforce across all divisions
· Current market conditions provide opportunities for growth
· Dividend increased to 10 pence per share



Mark Smith, Chief Executive Officer, commented:

"2016 was another successful year for the Company and we have delivered a strong set of full year results, with a solid performance from all divisions.

"Over the past year, the Company successfully maintained its order book, and has work continuing throughout 2017.

"With the acquisition of Shafton, in December 2015, the Company began its expansion strategy and this year we are looking forward to progressing to the next stage. A number of tenants at the Shafton site will vacate shortly, allowing Billington to complete its facility adaptation programme, ready for operations to begin in earnest the second half of 2017.

"Given this strong set of results, Billington is pleased to deliver an increased annual dividend of 10 pence per share and we look forward to an equally busy year, maintaining the excellent work rate of 2016."

[rhomboid] 20/3/2017 10:42

Hi steelwatch100
I agree that market looks benign and BILN look to be performing well, I've bought more this morning as a result at just above the mid price so stock is available.

..and I will be reading tomorrow's results with close attention.

[steelwatch100] 20/3/2017 10:07

FY Results tomorrow.
PBT 7.5% on turnover should be comfortably achievable, (4.0 - 4.5m)
work stream in the market also looks good, so long term prospects fine.

[rhomboid] 17/3/2017 14:04

I feel your pain brother..I've just bought a sliver more as I'm a sucker for dirt cheap growth stories , trading well, with net cash , decent yield and results around the corner ..

[battlebus2] 17/3/2017 13:27

Just when you think we a getting somewhere with this stock a few sells knock us back again. I'm laughing but it is increasingly frustrating.

[sailing john] 14/3/2017 16:37

Possibly although I'm not too bothered as I think (hoping) there will be enough volume next Tuesday to find a new level and clear any remaining sellers.

My late trade from yesterday now posted - out of time order

GL - SJ

[battlebus2] 14/3/2017 15:55

Could be cleared?????

[gleach23] 13/3/2017 19:43

Hopefully the results will create some volume to flush out this persistent seller.

The >5k sale today was a larger amount than the recent drip-feeding of 1k and at a lower price so perhaps a sign that the seller may be close to exhaustion?

[battlebus2] 13/3/2017 17:54

I'm also in agreement with you both, just a case of patience, seems to be little interest and the illiquidity sends these down with every sell.

[sailing john] 13/3/2017 17:35

Rhomboid - I agree and we already know in line with very positive commmentary in TS
So I added just before close. Trade not showing.
(MC just under £30m vs net assets of £17m inc cash of £6m at 1H, PE 10 or less and Yield 3%)
If Mr Market doesn't reflect value soon somebody else will!?
SJ

[rhomboid] 13/3/2017 16:55

This is turning into a real test of Value investing patience, results on the 21 march , next Tuesday, I'd expect a rerating to kick on from there..

[meijiman] 13/3/2017 16:47

Maybe Sev are eating Biln's lunch whilst the management of Biln is asleep at the wheel. Must be a sandwich then..........

[meijiman] 10/3/2017 12:23

Usual pattern. Sev up and BILN down.You may be right -Biln seems to be an unknown company. About time the management did some promoting to change that.

[rhomboid] 17/2/2017 18:45

I think institutions know about BILN but smaller size & illiquidity mean they're not interested, and that is why it is valued so cheaply. However as the co generates cash and grows those earnings will ultimately be reflected in dividends and share price appreciation ..patience pays

[meijiman] 17/2/2017 18:37

I will hold till the next results and review. I suspect Sev made some useful connections when promoting their 'rescue' rights issue and the institutions are fully engaged. Maybe they don't know about BILN?!

[battlebus2] 17/2/2017 17:01

Lots of reasons for the difference not to mention size, patience will reward imv.

[meijiman] 17/2/2017 16:51

Having a dig at the relative performance of the two shares. It seems like one management team promotes the company with visits to institutions/capital markets days whilst the other...On a more serious level the point made by MRF is worthy of thought.
I bought some of these on a revival of structural steel activity -clearly bought the wrong share.

[battlebus2] 17/2/2017 16:37

What are you on about?