Billington Share Discussion Threads

[pj 1] 19/9/2017 19:53

Id agree. If you look at a 5 year chart it looks reasonably good, and could argue its having a long consolidation period with very little overhead supply. Obv 280 has been a barrier but it will break at some point.

[rhomboid] 19/9/2017 18:25

Any company growing earnings at 27% gets rerated, BILN won't be an exception, limited free float delays the inevitable but ..

[ansc] 19/9/2017 18:16

That's likely to prove a tough barrier to breach, gleach23. Apart from a brief spell in December '14/January '15 momentarily, you need go go back almost 10 years (i.e. pre-recession) when the price actually reached 400p+. With 'investors' (or should I say traders) willing to sell today following such a bullish (imho) announcement, I struggle to think what kind of announcement will please some.

[gleach23] 19/9/2017 12:43

3rd attempt at 280p in a year...let's hope it's 3rd time lucky :)

[the big fella] 19/9/2017 10:00

Its a stock to tuck away. Over time it will re rate, and while you wait you pick up a tidy yield.

[mpearson] 19/9/2017 09:55

Have taken an initial position this morning . Company has appeared in several recent screens in the Investors Chronicle and has a stock rank of 95 on Stockpopedia ( one of their super stocks) .Been on my watch list for some time and looks good value at the present price . Bit illiquid but spread was 278/272 recently so not too bad '
!

[ansc] 19/9/2017 08:19

The company has indicated that their second half is looking to be better than the first but, simply doubling their earnings made during the first six months, gives a p.e. of less than 10. Too cheap in my eyes.

[the big fella] 19/9/2017 08:17

There aren't too many stocks around that are so lowly rated with the headline growth. Surely these are worth £3.50

[cheshire man] 19/9/2017 08:07

Very happy to continue holding on this news :-)

[ansc] 19/9/2017 08:00

I think this sums it up accurately:

Prospects and Outlook

A year on from the Brexit vote, and the market appears to be in a stable position, with UK consumption of constructional steel forecast to remain consistent into 2020. This stability provides Billington with the confidence to continue its growth strategy, and the ability to meet demands and complete projects to the highest standard. As stated in the 2016 Financial Statements, Brexit has also allowed the Company to explore opportunities in Europe, which remains an ongoing proposition for the Group.

Billington's growth strategy, which intends to increase capacity and enable the Group to conduct additional work streams, remains on track. The Shafton facility has been a positive acquisition for the Group and is continuing to provide benefits to the Company.

During the period, a tenant at the Shafton site went into administration but despite the loss of rental income, this provides Billington with the opportunity to assess how to best utilise the vacant property and review potential future options for the Group.

The start of 2017 has been a busy period for Billington. The Company is seeing a consistent rate and quality of enquiries which are expected to continue. The Group has a strong forward order book and the second half of the year looks to be equally as busy as the first.

Finally, I would like to thank Billington's Board, employees, shareholders and stakeholders for their continued support, and I look forward to a busy and prosperous second half of the year.

[sailing john] 19/9/2017 07:23

1H eps 15p +27% with a very positive outlook. Shafton (the reason why I bought) still being developed with new equipment (yr2 of 5yr plan) enabling more in-house manufacturing. Mention of European opportunities going forward. Strong balance sheet with NTAV of £19m including cash of £7m - Market Cap circa £35m - Will Mr M finally see the value here?

[gleach23] 12/9/2017 09:55

Nice one ansc - thanks very much. It would be much easier if companies could update the Investors section of their websites with such info as and when they know it.

As it happens I came on here to edit my previous post to add that STY today confirmed their date for Interims and it was nothing like the google date!

[ansc] 12/9/2017 09:46

gleach23: In view of your post, I telephoned the co sec this morning and he confirmed that the results announcement will be on Tuesday (not Monday) next week; with hindsight, should have gone to the 'horses mouth' in the first instance.

[gleach23] 11/9/2017 20:23

Interesting...thanks. I wonder if that's based on hard info or whether they just estimate the Monday of the week the Interims are expected.

I say that because I heard similar about STY last week - ie google finance have them announcing Interims next Mon too and I couldn't find that info anywhere else either.

Anyway, not long to wait to find out.

[ansc] 11/9/2017 19:21

Google Alert (according to 'The Ledger Gazette' apparently).

[gleach23] 11/9/2017 15:53

Thanks ansc...where does your understanding of the 18th come from?

[ansc] 11/9/2017 14:30

I understand that the Interim figures are due to be announced next Monday (18th). Having driven past the Bristol depot's yard this morning, I liked what I saw so have thrown caution to the wind and just added another 2k.

After 40-odd years of dabbling, I still have no idea how a Mingy Mach's mind works. A net 2.8k shares bought today and the price is marked down! Unless, of course, they're holding back a large 'sale'. Whatever, it's only money ....

[battlebus2] 09/9/2017 08:50

Wates who we're a main supplier wins a major contract with HMRC. got to be good for us 👍

[battlebus2] 08/9/2017 20:30

Oh I agree BILN are doing rather well and the order book is in tip top shape, you know what it's like with these reports, a chill wind can blow over even the good co's. Nothing I'm concerned with 😉

[rhomboid] 08/9/2017 20:14

My guess is BILN are doing just fine, they're too small to be "an industry bellwether" ,that's SFR who are their biggest competition so I'm guessing that BILN are outperforming them , well soon see but I've high hopes 🙂

[battlebus2] 08/9/2017 18:57

Slow down in commercial building work reported today. Most builders and related industries all sold off a tad. Outlook expected to remain soft.

[pj 1] 08/9/2017 18:07

SFR gave a bit of a mixed outlook, Results being H1 weighted on a slightly reduced order book, if that has contributed to todays selling or not who knows?

[ansc] 08/9/2017 18:00

Some persistent selling today (3k s & 5k s) seems to indicate that whoever it is thinks that the Interim figures are not going to be as sparkling as I'm hoping for. Should know one way or the other within the next fortnight.

[ansc] 04/9/2017 12:03

With a 20p spread (7.5%), Mingy Machs doing their best to deter potential buyers ahead of the Interim announcement. It doesn't appear to be working very well with PIs prepared to take the risk of needing 9.5% above the current bid price simply to break even.

edit: Needed to amend my calculated gain figure above, the old 'Abacus' not up to it these days!

[pj 1] 04/9/2017 11:00

L2 giving nothing away at all, totally balanced currently