Billington Share Discussion Threads

[the big fella] 03/8/2017 16:16

SW - I am a little frustrated as well. On all known valuation methodologies BILN are very cheap, yet the price keeps on drifting. Either summer boredom or something worse and we are the last to know. In any event it would be good for the company to issue a TS as they have done in prior years. At least then we will all know the current state of play.

[rhomboid] 03/8/2017 16:04

I believe they are trading well..I've sent you a message SW

[the big fella] 01/8/2017 15:09

However it just seems to get cheaper.
We really need a TS from the company which should clarify matters.

[wanttowin] 01/8/2017 10:14

another 499 for me @ 227..cheap imo

[sailing john] 28/7/2017 14:31

TBF - I agree and posted this elsewhere yesterday - for anyone new to Billington

"Billington issued a TS at the end of July 2016

If we get a TS this year I'm expecting something positive given their last summary headlines in the FY report published in March were very positive


Non Exec (who represents largest shareholders with over 60%) bought a small personal stake at 244/259 in June this year

On sale today at 233p! for decent volume"

[the big fella] 28/7/2017 10:21

Last year we had a trading update at the end of July, so maybe we can expect an update next week?

[masurenguy] 13/7/2017 14:53

Todays fall predicated on just 8 trades and an overall volume of less than 10,000 shares so far. The 15p spread is indicative of the potential price volatility on minimal volumes. Nothing further has been announced since the year end results in March when the outlook position was summarised as follows:

Prospects: "2016 was a particularly successful year for the Group and it is anticipated that we will see similar levels of productivity in 2017. The current order books across the Group are robust with work secured through to the latter part of the year. There has been some improvement in margins during 2016, aided by operational efficiencies, and although margins remain competitive it is hoped that there will be further improvements in 2017. The Group will also be able to further consolidate and expand operations in the second half of the year as the additional facilities at Shafton become available."

[the big fella] 13/7/2017 14:39

It is a strange one. Looked at SFR statement again and maybe the softening of the order book there has spooked a few. But the valuation here is so low anyway that that is probably priced in and more anyway!

[battlebus2] 13/7/2017 14:10

Not sure what will lift the shares. Maybe an acquisition is coming??

[wanttowin] 13/7/2017 13:55

another 500 for me, building a decent position here.

[wanttowin] 10/7/2017 09:28

Hopefully the forthcoming statement will kick us out of this present trading range we seem to have been stuck in for nigh on 15 months.
The nice divvi received recently eases the wait.

[cheshire man] 04/7/2017 09:52

Trading update due end of month as per last year and looking at the March results think we can expect some encouraging reading IMO

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."

[masurenguy] 30/6/2017 12:35

Markets can be very irrational about small cap company valuations and therefore patience is often a necessary attribute when both fundamentals and recently reported trading performance are positive.

[sailing john] 30/6/2017 12:34

ansc - good price
10% less than the recent Director buy
Perhaps he will come back for a few more?
PJ b2 and rhom - value will out in the end!
Back to sleep zzzzzzzzzzzzz

[rhomboid] 30/6/2017 12:29

Agree 🙄 I'm sitting on a lot of them which multiplies the frustration 😡Can't see a reason to do other than sit back and let mgt deliver and at some point the market will catch on , or the dividend will be higher than the share price..

[battlebus2] 30/6/2017 12:20

This has to be one of the most frustrating stocks on the market, undervalued by up to 50% IMV. 😡

[pj 1] 30/6/2017 12:19

I'm nominating it as the current most frustrating share to hold alongside INSE.

[ansc] 30/6/2017 12:06

Managed to grab a few more just now (@ 230p) on this morning's down-turn. Their prospects make BILN one of the few companies I'm willing to buy in this tetchy environment.

[ansc] 14/6/2017 14:35

I thought long and hard before making my first BILN share purchase earlier in the year simply because I rarely invest these days in a company which has a virtual controlling holding in it ..... Gutenga Investments PCC Limited holds 49.9% and has two directors on the BILN board namely Mr P Hems and Dr A Ospelt. A chat to the co sec, however, reassured me as he considers the stake to be purely as an investment and Gutenga do not interfere in the day-to-day running of the company. Dr Ospelt's share purchases last week, therefore, makes for an even stronger argument to be a holder now.

[rhomboid] 14/6/2017 08:46

there is a long tail of private steel businesses that are losing out to SFR & BILN because their balance sheets are too stretched to pass contract due diligence without giving away payment on completion..which they've not got the working capital to do. Catch 22 which leaves SFR and BILN cherry picking and able to boost margins on the larger more complex jobs they like.

[sailing john] 14/6/2017 08:45

Yes BB2
Of note was margin increased from 5.7% to 7.5% and PBT +50%
Sector clearly doing well though order book off a little
(Severfield tend to take the larger high profile projects so subject to swings in order level)

[battlebus2] 14/6/2017 08:40

Great results from Severfield this morning but the UK order book has fallen somewhat, now that can mean two things either the likes of BILN are making inroads into their markets or maybe a softening of contracts. I'm inclined to plump for the former given our order book.

Welcome onboard chrisis33 👍

[chrisis33] 13/6/2017 13:20

Happy to have added here this morning after the director buy yesterday.