Billington Share Discussion Threads

[ansc] 03/4/2020 12:28

2018 annual results announced on 9th April last year, will the Covid-19 outbreak cause a delay this year? Before the outbreak, after the earlier bullish trading update, I was hoping for at least a 14p final divi but could the dividend even be postponed as seems to be happening in places?

[thorpematt] 30/3/2020 19:29

Well, we don't is the answer. I screen out anything with a spread over 5%

The problem here is the free float is circa 50%

It's not as bad as ASY of course but similarly this is a buy and hold stock.

This Lady is not for trading.

[ansc] 30/3/2020 18:28

A 30p bid/offer spread today, why do investors accept it?

[altras] 30/3/2020 08:42

Ok, thanks...tax year was the first thing that came to mind as well but I was wondering if there could have been any other major underlying factors.

[ansc] 27/3/2020 18:44

An online bid/offer spread of 40p this afternoon (20p in reality), absolutely scandalous!

[nocton] 27/3/2020 08:30

"Tax year? People selling losers and reinvesting?". Yes, that must be true, especially this year. I have been selling half of several losers to offset substantial gains during the year.

[deanowls] 27/3/2020 05:53

Tax year? People selling losers and reinvesting?

[altras] 26/3/2020 18:45

@Nocton - Know whats weird:
- 2003 markets bottomed around March and started coming back around April/May.
- 2009 markets bottomed around March and started coming back around April/May.

What's the deal with March and the markets? Anyone fancy a theory?

[nocton] 17/3/2020 08:26

It makes sense to the market maker, ansc. If no one is buying, what is the price that will bring buyers back? It's like the toilet rolls panic, no rationale just blind fear of the unknown. But we are seeing/have seen that China and now South Korea are over the worst within two months of getting to grips with the epidemic, so by the beginning of May we should be over the worst too.

[ansc] 16/3/2020 18:44

If the ADVFN trades marked today can be believed, there was a net 11,568 shares sold during the course of the days trading. Bearing in mind that the share capital issued is 12.861m, that means that 0.09% of the share capital sold has caused the share price to drop by 16%. Sense or senseless?

[ansc] 16/3/2020 17:03

With the share price dropping like a stone today, I had to re-read what was stated in the company's trading update back in December:

Full Year Trading Update

The Company is pleased to provide the following trading update for the year ending 31 December 2019.

The directors of the Company anticipate revenue for the financial year ending 31 December 2019 will be higher than the current market expectation of GBP78 million following the successful completion of a number of large projects in the year. Pleasingly, profits are also expected to be above the market forecast of GBP5.2 million and we envisage the level of cash generation to be similarly positive.

Mark Smith, CEO of Billington Holdings PLC, commented:

"We are pleased to be able to announce this increase in our expected out-turn for the year. The current political and economic uncertainties will undoubtedly present challenges for the Company in 2020. However, the positive momentum, the Company's strong market position and robust and consistent financial performance of the Company leaves it well placed to move forward into 2020 and beyond with confidence"

Based on that, never thought I'd be able to buy at under 300p again for a while. However, once the panic button is pressed and investors start believing that even good companies will be going to the wall so everything has to be sold, sensible analysis goes out of the window. I dallied all afternoon but, just before the close, couldn't resist any longer and that last trade of 1000 @ 292p (marked as a '?') was down to me.

Remind me, what's that saying about never catching a falling knife? I could be crying into my porridge tomorrow morning.

[nocton] 03/3/2020 16:53

Bt more at 368 on Friday on basis that oversold in market panic and unlikely to be much affected by Covid-19. Today's rise is pleasing that others are thinking along same lines. Solid prospects, good yield and PE of 11, it's the sort of share I like.

[steelwatch100] 03/3/2020 15:22

The share price graph looks so like the 2008/9/10 boom/bust profile it’s worrying.
Just sold the last of my small holding. Thank you BILN & good luck to all shareholders for the future.

[ansc] 28/2/2020 14:08

I've just tried to buy a few more only to find the spread has increased to a ridiculous 17p (352/369p) ..... I pondered for a micro-second before declining!

[this_is_me] 18/2/2020 07:24

Gutenga Investments are probably taking some profits but probably keeping their investment at around the same total value it was when the price was lower.

[ansc] 14/2/2020 14:16

I was half-expecting (hoping for) another RNS today (after Wednesday's clear out) to explain possibly where all those shares ended up, couldn't imagine the Market Manipulators would be brave enough to sit on all of them and sell them off piecemeal even with a 12p spread.

Gutenga Investments holding now down to 36.4%.

[ansc] 13/2/2020 18:30

Not a RNS I was expecting, non-exec director J.S.Gordon has reduced his largish shareholding by 200k and now holds only 87,200 (0.7%); that still leaves another couple of sizeable trades yesterday unaccounted for ..... was that 50k possibly a buy?

[gleach23] 12/2/2020 21:00

Since Nov 16 mikeh...can't remember what first alerted me but quality of posters here would have been an added attraction at the time I'm sure :)

[mikeh30] 12/2/2020 20:54

Didn't know you were in BILN gleach :)

[sailing john] 12/2/2020 20:45

350k? £1.4m
We obviously have no idea why Gutenga liquidising assets. But somebody happy to invest £1.4m+at 410+ which has to be a positive for the longer term.

[gleach23] 12/2/2020 20:34

Looks that way ansc.

Given BILN's tendency to retrace over the last few years, I occasionally think of top slicing only to find there's consistently only around 1500 available to buy so I hold off. I also have rhomboid's excellent write up ringing in my ears! I suppose a trailing stop might be the way to go.

[ansc] 12/2/2020 18:30

It looks as tho' Gutenga Investments have offloaded a few more from their substantial holding today, RNS tomorrow?

[this_is_me] 06/2/2020 14:15

Still on the up.

[cc2014] 03/2/2020 11:33

Really good piece of research out from Progressive Equity Research on Severfield (SFR) today running to 40 pages. Contains a comparison to BILN and a good overall summary of the sector.

[ansc] 30/1/2020 19:34

Bid/offer spread at the close was up to a ridiculous 20p, the Market Manipulators don't want to play anymore.