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BILN Billington Holdings Plc

460.00
0.00 (0.00%)
14 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Billington Holdings Plc LSE:BILN London Ordinary Share GB0000332667 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 460.00 17,410 08:00:00
Bid Price Offer Price High Price Low Price Open Price
450.00 470.00 460.00 460.00 460.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Construction, Nec 132.5M 10.33M 0.7743 5.94 61.34M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:07:51 O 1,029 468.00 GBX

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Date Time Title Posts
06/3/202500:20BILLINGTON HOLDINGS ::::: Structural Steel1,065

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Posted at 15/3/2025 08:20 by Billington Daily Update
Billington Holdings Plc is listed in the Heavy Construction, Nec sector of the London Stock Exchange with ticker BILN. The last closing price for Billington was 460p.
Billington currently has 13,334,327 shares in issue. The market capitalisation of Billington is £61,337,904.
Billington has a price to earnings ratio (PE ratio) of 5.94.
This morning BILN shares opened at 460p
Posted at 06/3/2025 00:20 by serratia
Welders are an issue.

Billington had difficulties getting skilled workers so they set up a training course at a local college. Sadly unemployed people signed up for the course but those that passed didn't take up job offers. They had to do some training to maintain their benefits. As the work was considered skilled they were allowed to bring in welders from S.Africa who had the necessary skills.
Severfield obviously have welder problems - see below post on their board. Perhaps they should be allowed to collapse further before BILN look at them. It must put them in a strong position for future contracts.

Severfield welding crisis hits five National Highways bridges

The full extent of the welding problems impacting both HS2 and National Highways bridges is emerging in the wake of steelwork contractor Severfield laying bare production problems.

The Enquirer can reveal five road bridges are now known to be suffering from defective welding in addition to the nine bridge structures impacted on HS2.

While both HS2 and National Highways are refusing to name the specific bridges and structures impacted, weight restrictions have been applied to several affected roads bridges while investigations and testing take place.

A National Highways spokesperson said: “We are carrying out targeted inspections on a small number of bridges to rule out any potential issues.

“These bridges remain safe to use. For any abnormal load movements, we have put restrictions in place as a precaution while we assess whether any further strengthening measures may be required.”

On HS2, the problem steelwork is clustered mainly on the key main approach viaducts to the flagship Curzon Street station in Birmingham. These are still under construction.

They are being delivered by main works contractor Balfour Beatty Vinci joint venture using Severfield to deliver corten steel structures, some of which are also due to be delivered by Portuguese steelwork specialist Martifer, which is not implicated in quality concerns.

Three of the nine affected bridges built for HS2 – two rail bridges and one road bridge – are currently in use.

It is understood that the spotlight is on the integrity of client-specified full penetration butt welds on fabricated steelwork.

It is also believed the material impacted is weathering Corten steel which requires specialist welding wire or gas.

BBV is now understood to be seeking to employ a third-party firm to provide welding inspections for the both factory and onsite fabrication of key steel structures as part of the HS2 Curzon Approach Viaducts project moving forward.

The assets to be inspected going into construction are Saltley Canal Under Bridge, Lawley Middleway and Curzon 3 Tripods, supplied by Severfield UK and the Duddeston Junction Viaduct and Curzon 2 section to be supplied by Martifer.

So far Severfield has spent £7.1m on testing and remedial works and expects to incur a further £13.3m cost on eight of the projects.

Severfield added that it still needed to agree solutions on four of the remaining structures where weld testing is ongoing.

Yesterday Severfield said it would be pursuing all potential recoveries from third parties, including insurance.
Posted at 04/3/2025 16:44 by herbert0
I hope Billington don't touch Severfield.
GW of about £100m which is probably worthless, all the bridge problems. They don't need the problems at any price.
Posted at 04/3/2025 13:04 by serratia
Billington vs Severfield.

Billington has dropped in sympathy with Severfield. Severfield said the market is tight and profits will be down in 2025 and 2026. Billington said they'll exceed expentations for 2025 and 2026 looks fine. There's a site below which gives financial ratio's.
Some figures Billington first -

EV / FCF 2.81 9.29

ROE 23.29 1.55

ROA 10.37 5.18

Profit / emp £22160 £1732

Stock T/O 4.17 22.62

Billington are way better on all ratio's.
Posted at 05/1/2025 16:36 by napoleon 14th
From Small Caps Live:

Billington Holdings (BILN.L)
Billington has had a great year, with three forecast upgrades:


However, the price is just up 12% during the year. The numbers didn’t match the 2023 ones, which were always flagged as exceptional due to inflation moderating during the year with already-priced contracts. So, this may mean that some investors dismiss this, as does the cyclicality. However, it is worth asking where we are in the cycle, and it seems to Mark that we are much closer to the bottom than the top. So if the company can perform this well in challenging markets, how well will they do in better ones?

The answer is perhaps given by the fact that they are investing in automation to make their business both more efficient and add significant capacity. Their long-term record is excellent, and apart from during COVID when construction was held back, they have a strong ROE:

fdbb7fb0-5a6b-42d5-b059-d14304df3758.png
This would look even better if they didn’t hold significant cash balances in the latter years.
Posted at 18/12/2024 16:05 by davebowler
Cavendish-
YE update – Trading ahead of expectations: EPS +16.2% The group has posted an upbeat year-end trading update, which highlights that the positive momentum seen in the first half has continued through the second half, resulting in FY24 PBT ahead of current market expectations. It has a strong order book spanning into 2026, many of which are more complex projects in energy from waste, data centres and high-tech manufacturing. While markets remain tough, it is encouraging to see BILN trading robustly, and – in contrast to some of its peers – enhancing its capabilities through efficiency-enhancing capex. We raise our FY24E EPS forecast 16.2% to 66.2p, keeping our existing FY25E forecasts. Our TP remains 610p, offering significant upside to the current attractive FY25E P/E of 7.6x while also offering a premium 5.0% dividend yield.
Posted at 16/12/2024 12:50 by davebowler
At this year’s Master Investor Show in March, I featured two of my favourite stocks – Billington Holdings @ 390p, and SRT Marine Systems @ 30p – look at them now.
Mark Watson-Mitchell
Dec 16

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Billington Holdings – this group continues to demonstrate strong forward momentum and outperformance, while growing its market share, looking for 610p against current 465p
I just love to see a company announcing that its current year results ‘will be better than market expectations’ – the response just helps to set share prices alight.

And that is what investors like to see, too - a bit of action in their portfolios, helping to wake them up and shake them out of the current market lethargy.

Just such a case has been the massive turnaround in activity in the shares of one of my old favourites – Billington Holdings (LON:BILN).

The Business
The group is one of the UK's leading structural steel and construction safety solutions specialists, focused on structural steel and engineering activities throughout the UK and European markets.

Based in Barnsley, the group was set up in 1989 and was previously known as the Amco Corporation.

It changed its name to Billington Holdings in 2008.

Employing nearly 460 people through its various subsidiaries, the group designs, manufactures, and installs structural steel works in the UK, Europe, and internationally.

The company also designs, fabricates, and installs bespoke steel staircases, balustrade systems, and secondary steelwork...


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Posted at 11/12/2024 10:18 by rimau1
Thanks for posting Dave. That is some 2024Fy upgrade 57p to 64p. So cash adjusted 4.5x, i agree with the price target and have this as a long term buy and hold. This is in the context of challenging markets, Imagine when end markets improve.
Posted at 11/12/2024 08:53 by davebowler
Cavendish. The group has posted an upbeat year-end trading update, which highlights that the positive momentum seen in the first half has continued through the second half, resulting in FY24 PBT ahead of current market expectations. It has a strong order book spanning into 2026, many of which are more complex projects in energy from waste, data centres and high-tech manufacturing. While markets remain tough, it is encouraging to see BILN trading robustly, and – in contrast to some of its peers – enhancing its capabilities through efficiency-enhancing capex. We raise our FY24E EPS forecast 16.2% to 66.2p, keeping our existing FY25E forecasts. Our TP remains 610p, offering significant upside to the current attractive FY25E P/E of 7.6x while also offering a premium 5.0% dividend yield.
Posted at 17/9/2024 10:44 by value hound
Update from ST:

More upside to come from this steel specialist

Flat first-half pre-tax profit of £4.6mn
Deferred contracts restarting
Full-year earnings guidance raised 9 per cent

Buoyed by a robust order book and increased activity in key markets, Barnsley-based structural steel and construction specialist Billington (BILN: 520p) has upgraded full-year earnings guidance.

Chief executive Mark Smith believes the economic environment has started to stabilise and that the industry is poised to return to regular, steady growth. This is borne out by the performance of Billington Structures, a leading UK structural steelwork contractor capable of delivering complex structures of 10,000 tonnes or more.

The business is operating at near full capacity and boasts a record order book. Robust demand is being seen in the high-tech manufacturing, infrastructure, data centre and defence sectors, in addition to energy from waste. The group won its largest ever contract in the first half with Acciona for the North London Heat and Power Project. Billington has built a strong position in the energy from waste sector and is well positioned to win further business in what is a complex market with reduced competition. Other sectors, such as distribution warehouses and film studios, are seeing projects restarted, presenting further opportunities.

In addition, Leeds-based Peter Marshall Steel Stairs, a specialist designer and fabricator of bespoke steel staircases, balustrades and secondary steelwork, is on course for a record year, so much so that it has been utilising partner companies to assist in the delivery of its significant workload. Management is looking at options to increase capacity to meet the expected high future demand. The business provides stair structures for projects including commercial offices, power generation, data centres, distribution warehouses and leisure schemes.

The company’s safety solutions business, which provides temporary perimeter edge protection and fall prevention systems for hire, is in demand, too. The unit increased its contribution to the group result, delivering a near-50 per cent increase in operating profit to £0.96mn in the first half.

Raised guidance supports upside

The board’s raised earnings guidance prompted house broker Cavendish to upgrade full-year pre-tax profit and earnings per share (EPS) estimates by 9 per cent to £9.3mn and 57p, respectively, albeit EPS will still be 28 per cent down on last year’s record results, which benefited from one-off margin gains that materially boosted earnings. Importantly, profits look sustainable at the current run rate, which is 60 per cent higher than in 2022.

The shares have delivered a 167 per cent total return (TR) in my 2022 Bargain Shares Portfolio, and a 32 per cent TR since I selected the company as one of my 2024 takeover targets. However, they remain modestly priced on 1.3 times book value and on a current year price/earnings (PE) ratio of 9. Moreover, with Billington holding net cash of £22mn (169p), and the business throwing off surplus cash even after factoring in annual capital expenditure of £3.5mn, the 20p-a-share dividend is secure and underpins a 3.8 per cent dividend yield. Buy.
Posted at 29/7/2024 12:16 by faz
If it is then all of 20 000 shares have been sold which isnt much. Personally I doubt the promise of jam tomorrow scenario applies to this company. The share price is very sensitive and given the way the company has been performing I just see the current weakness as a few price driven sales, a self-asserting paradigm. but we could do with some news to bring a few buyers in.
Billington share price data is direct from the London Stock Exchange

Billington Frequently Asked Questions (FAQ)

What is the current Billington share price?
The current share price of Billington is 460.00p
How many Billington shares are in issue?
Billington has 13,334,327 shares in issue
What is the market cap of Billington?
The market capitalisation of Billington is GBP 61.34M
What is the 1 year trading range for Billington share price?
Billington has traded in the range of 395.00p to 595.00p during the past year
What is the PE ratio of Billington?
The price to earnings ratio of Billington is 5.94
What is the cash to sales ratio of Billington?
The cash to sales ratio of Billington is 0.46
What is the reporting currency for Billington?
Billington reports financial results in GBP
What is the latest annual turnover for Billington?
The latest annual turnover of Billington is GBP 132.5M
What is the latest annual profit for Billington?
The latest annual profit of Billington is GBP 10.33M
What is the registered address of Billington?
The registered address for Billington is STEEL HOUSE, BARNSLEY ROAD, WOMBWELL, SOUTH YORKSHIRE, S73 8DS
What is the Billington website address?
The website address for Billington is www.billington-holdings.plc.uk
Which industry sector does Billington operate in?
Billington operates in the CONSTRUCTION DIV'D sector