Hill & Smith Share Discussion Threads

[dancing piranha] 26/2/2009 19:30

Patience, and I'm sure you'll be ok!

[barniebear] 26/2/2009 19:17

Ouch!! Indeed

[barniebear] 24/2/2009 07:13

barnie, you mean you have 250 shares now

250 TIMES 20 & you would be close!

[dancing piranha] 23/2/2009 19:02

barnie, you mean you have 250 shares now? lol...

And still HILS slides!

[barniebear] 17/2/2009 09:04

my,my barnie, with all this profit you are making you must be rolling in it!

Let us just say i am verry relaxed with ALL of my holdings at the moment & if my things plan out (when do they ever)i shall DOUBLE on both HILS & L&G for the 3 time!!

[share_shark] 16/2/2009 23:40

my,my barnie, with all this profit you are making you must be rolling in it!

[barniebear] 16/2/2009 09:29

I have increased my holdings by a massive 150%!!

[barniebear] 12/2/2009 13:10

Back in Yesterday @£1.79 with costs!! A little bird tells me they are making money "Hand over Fist" Hmm If they have substancially reduced debt this share is due for some BIG upside!!IMO

[phillis] 19/12/2008 16:24

..and their wives'....

[phillis] 11/12/2008 19:49

Management continue to make small purchases.
They obviously think the business is in good shape.
I shall follow their example

[20430] 22/11/2008 12:02

Deadly is spot on. Invesco and JPMorgan smallcap managers don't hold these companies for fun. Keep drip feeding whilst it's down at £1.50 and you'll make money on it no worries.

Net debt is less than twice EDITDA, which is comfortably within the agreed facility and is miles away from potential covenant breach.

The price reached for the recent disposal was above book value and the Chairman just bought another 250,000 shares in the past month. got to be a good sign

[wjccghcc] 21/11/2008 11:30

Agree it's the debt that has pulled them down though not sure why you think a lot has to be rolled over.

"Net debt at 30 June 2008 stood at £110.3m (31 December 2007: £117.8m) reflecting strong operational cash flow during the period. The Group has at its disposal total funding facilities in excess of £200m through to 2012."

25.8mm debt in current liabilities vs 32mm cash. The recent acquisition and disposal should offset each other.

[johnrxx99] 21/11/2008 10:54

It debt of course. Has to find a lot this year or roll it over. Until it says what it will/can do, I'm out.

[deadly] 21/11/2008 10:44

well the upbeat IMS went down like a damp squib - unsurprising in this market, but HILS are surely a great medium & long term buy now.

[barniebear] 19/10/2008 15:27

* Credit crunch puts M25 revamp in jeopardy Sun Paper!!

I read the article of the "Possible" spending plans & as far as i could see there is NOTHING in them for "HILS" But even the most optomistic of you should know by know this poxi lot can TALK a good story but NEVER DELIVER!!

[tipodochus] 18/10/2008 12:25

Some decent purchases by directors at these low levels too.

[johnrxx99] 18/10/2008 08:48

Posted by fiat fux on another thread:-

Darling to fast-track public spending
By George Parker, Alex Barker and Nick Timmins

Published: October 17 2008 23:45 | Last updated: October 17 2008 23:45

Plans to fast-track billions of pounds of public spending on building projects such as new schools and hospitals are being drawn up by Alistair Darling to give an emergency boost to the British economy as it heads into an expected recession in 2009.

Although he is hemmed in by tight public finances, the chancellor is planning to raid future budgets in an attempt to give a Keynesian stimulus to the economy in the months ahead.

The move will see cash being transferred from planned budgets in 2010-11 – the year after the next general election – to fund projects now.

Mr Darling will argue that it makes sense to accelerate public spending to prop up the economy, in the hope that a recovery is under way by the time a hole emerges in public spending plans in two years' time.

The chancellor will set out his plans in next month's pre-Budget report, heavily constrained by a soaring deficit, with some predicting that borrowing next year could exceed £70bn.

Mr Darling has warned cabinet colleagues to live within existing spending totals – set over a three-year period from 2008-11 – but has told aides he wants to "reprioritise" spending in key areas.

Government officials say Gordon Brown and Mr Darling will seek in the coming weeks to bring forward projects that would specifically boost the crumbling construction sector and help small businesses.

The prime minister said this week that the government would do what it could to "keep the economy moving forward".

The Treasury has already shown some flexibility with departments. One initiative in September "brought forward" about £1bn of housing spending as part of Mr Brown's autumn relaunch. This included £400m to build social housing during the next 18 months. A special dispensation has also been given to the Ministry of Defence to move funds around budgets, enabling officials to sign off the £4bn carrier contracts.

Candidates for accelerated state funding include primary care buildings, schools, social housing and leisure facilities.

The measures, however, may have more political than economic impact. One senior Whitehall adviser said: "You can't just spend capital tomorrow, it takes time."

In recent years, the government has repeatedly underspent its capital budget, and big building projects that also involve private finance for schools and primary care are behind schedule.
Copyright The Financial Times Limited 2008

---


what companies would benefit from this spending?

[barniebear] 17/10/2008 16:21

When you as a goverment have overspent your budget to the tune of over £100B at some point the currency will come under fire!! I agree inflation is probably muted for time being!! Hence the calls from this poxi lot to lower petrol/gas/electricicy prices hoping it will divert attention from peoples mind that is is goverment taxes certainly as far as petrol is concerned who have put the price up the most!!

[lendmeafiver] 17/10/2008 16:14

I agree the fundamentals look sound, only issue remains debt/cash flow

[tipodochus] 17/10/2008 16:05

Surely inflation will be turning down very strongly over the next few months so and the gov't have been talking about major spending projects to take up the labour slack, I would have thought HILS were just the type of company to benefit?

[lendmeafiver] 17/10/2008 15:51

The concern can only be the level of debt and the cash flow/level of creditor as the rest of the companies fundamentals look sound

[barniebear] 17/10/2008 15:50

I this poxi goverment does not SLASH its spending!! One of 2 things WILL happen inflation WILL take off or there WILL be a run on the pound!!IMO

[cashpo1nt] 17/10/2008 14:36

I share Tipodochus's puzzlement and I am not sure that Barniebear is right. There may be no money in the Govt's kitty but it can print more and it is not a very sensible thing to do to cut Govt spending in a recession - that should come later (if ever). By my rough calculation the shares at 200p yield over 4.7%. Maybe not crazy enough to tempt investors even to such a fine company!