Hill & Smith Share Discussion Threads

[wipo1] 09/3/2005 08:40

yeah solid results, I had been topping up after the statement a few months ago, surprised the market took so long to catch on? Did take a little profits at 148p, still overweight though, hoping for 180p as well.

[langland] 09/3/2005 08:34

Solid set of results.... the shares still seem to be modestly rated so should be scope for more upside...180ish?

[red army] 06/3/2005 13:18

New high - Just - bodes well for the future.

[hvs] 06/3/2005 11:36

Look at them go and a lot more to come.

[shirishg] 03/3/2005 03:34

Post removed by ADVFN

[langland] 02/3/2005 17:41

Heading is 'Steel group on road to solid growth'

H and S is the only company I know whose directors smile every time their cars are delayed by road works, safety barriers or fencing.

The Solihull based steel group is a major supplier of these devices since it bought Ash and Lacy 5 years ago and is growing. It also has 10 galvanising plants to treat metal used on public bulidings.

The firm wants to expand through acquisition. Last year it paid £3mn for Lionweld Kennedy which makes safety barriers and industrial flooring.

CEO David Grove gave an up-beat trading statement 2 months ago saying Hill was set for underlying profits of at least 11.3mn for 2004, up 15% despite a sharp rise in steel prices. Analysts believe the group can raise earnings a further 20% to 13mn this year.

H and S shares have risen more that 50% to a 10 yr peak in the past year but are still modestly rated. At the current price they offer a yield of 4.25% and trade for about 9.5 times forward earnings. The average for the engineeering sector is nearer 16.'

[langland] 02/3/2005 08:03

Mentioned in the Express today I believe

[hvs] 26/2/2005 08:55

Nice rise yesterday and lots more to come.

[susier] 23/2/2005 07:43

Good piece in today's FT on page 30. In summary, it says some of recent rise attributable to flow of good news, positive trading update in December, turnround of underperforming businesses and interest from new institutional investors. Goes on to say p/e looks a little mean given that there could be an increased dividend as a result of higher profit last year.

[hvs] 16/2/2005 17:41

Either you hold them or you dont. Anything can go wrong with any company
at anytime.

With a PE of 12 which is not demanding , falling gearing ,can be £ 30m and rising earnings £ 1.80 is a distinct possibility in the next 12 months.

[diogenesj] 15/2/2005 12:16

Thanks, O. Yes, I do expect the gearing to reduce, perhaps quite rapidly. It could be a problem if anything went wrong in the meantime.

[oniabsta] 15/2/2005 10:11

The debt i don't like, however it came down from £44.9m in 2002 (125% gearing)to £36.5m in 2003 (96% gearing)and i'm hoping there will be a similar downward move in the debt level. The interest payments are covered 3.6 times which i would judge as a bit on the thin side, a figure of 5 times seems about right.
The company as far as i can make out seem to be happy with this and are investing capital in the business (good)

The short answer to whether i have a target price is no, i'm playing it by ear to some extent. I'm overwieght in these coming up to the results next month.
I intend to top slice at some point probably around the 160p mark (if reached) to reduce the average price paid and keep the majority as a long term core holding.

[oniabsta] 14/2/2005 20:31

imo this has further to go, consensus analyst forcast give eps year end '04 as 12.9p The company has already stated it will make at least £11.3m (equating to the eps) this gives a p/e of 11.7. This drops to 10.6 for '05 on for'c eps of 14.25p.

this company is still cheap, to me it sends out a confident statement for this year and the next.....

"Hill & Smith Holdings PLC is issuing this trading update prior to the
commencement of its close period and its year end of 31st December 2004.

The preliminary results for the year to 31st December 2004 will be issued in
March 2005. The Company are confident of meeting market expectations of
achieving profits before tax of at least #11.3m for the year ending
31st December 2004.

In the light of the recent Lionweld Kennedy acquisition announced on
1st November 2004 (which is engaged in galvanizing and the manufacture of
industrial flooring and handrailing systems and highway safety barriers)
and of other contracts achieved, the Board also has confidence of a
satisfactory outcome for its results for the year ended 31st December 2005,
subject to the volatile steel prices in the market."

[diogenesj] 14/2/2005 15:04

No question about that, hvs. What's your price target, and why? I'm a holder, and thinking it can't go much further.

[hvs] 14/2/2005 12:39

Its still going up.
DiogenesJ

[diogenesj] 13/2/2005 23:39

I'm not really interested in how much or how little you have made, hvs. It's a bull market, and most people have had a few winners. I'd be more interested in why you think this old metal-basher is such a 'good share', and why you think it might finally get past the 156p it last reached 11 years ago in January 1994.

[hvs] 13/2/2005 21:22

What a good share

[hvs] 06/2/2005 11:30

Yes, the IC article says they are still cheap even after this good rise.City
boys are known for waking up late.

No wonder pensions are down the tube.

DiogenesJ,

I never never buy on a high , so I leave to ask yourself how much I have on these so far.Just like on LTHM.

[toby tots] 06/2/2005 09:42

Langland

Try looking in the IC this week!

[diogenesj] 05/2/2005 00:17

All I can say is, hvs, I hope you haven't been holding these little gems too long. The share price, after a laborious 5-year climb, is now back exactly where it was 11 years ago in 1994. :-)

[wipo1] 04/2/2005 17:50

Yes HVS, good things come to those who wait, glad I held on. In very nice profit!

[hvs] 04/2/2005 16:53

Yet another good day today, such a pleasure to hold these gems.City boys seem
to have taken a fancy to this one after the 50% rise, good for us holders.

[hvs] 04/2/2005 16:53

Yet another good day today, such a pleasure to hold these gems.City boys seem
to have taken a fancy to this one after the 50% rise, good for us holders.

[wipo1] 04/2/2005 11:36

Don't know, but I aint moaning anyway!