Hill & Smith Share Discussion Threads

[philanderer] 27/2/2017 16:37

President Donald Trump breathed some life back into beaten-down stocks that have been seen as benefiting from higher spending on highways and bridges, promising to spend "on infrastructure big."

Construction materials and steel makers are among the best-performing industries on the S&P 500 on Monday, with a basket of infrastructure-linked stocks compiled by Bespoke Investment Group climbing more than 3 percent.

[philanderer] 27/2/2017 13:47

And another from earlier today..

61,379 @ 1089.5p

Must be cleared out soon.

[philanderer] 27/2/2017 12:28

Still a big seller about I reckon... just printed..


40,919 @ 1082p

[philanderer] 27/2/2017 10:15

Not looking that good , can buy @ 1095p now. Not much volume yet though.

[velod] 25/2/2017 16:20

Nope, no luck it climbed away from me Philanderer. Either Monday sees the start of a bear trend in the share price and I get my top-up circa either 1090p / 1080p / 1070p-ish.

. . . Or this retrace is over as quickly as it started and I made a huge mistake staring at 1102p on the screen before posting here on Friday and thus letting the opportunity pass.

Which will it be? :)

[philanderer] 24/2/2017 16:20

Luck with those velod. I was tempted to buy a few more today but instead went out and tidied the garden debris up after the gales yesterday :-)

Sh+te day for the share price

[philanderer] 24/2/2017 12:09

Not looking too good this week.

Prelims due march 8th ...... mmmmmmmm :-S

[philanderer] 17/2/2017 20:28

3 growth stocks I’d buy in March


As investment in Britain’s road network clicks through the gears, I reckon Hill & Smith (LSE: HILS) should keep delivering robust earnings growth long into the future.

The business — which makes a wide range of road furniture, from barriers and bridges to road signage — announced in November that that “trading… has continued to be encouraging,” and that “trading performance for the current financial year [should] be at the top end of market expectations.”

And I believe a similarly-upbeat full-year statement (slated for Wednesday, March 8) could see the engineer’s stock price shoot to fresh record tops.

Hill & Smith is steadily building its safety barrier rental fleet in anticipation of shooting demand as the government’s Road Investment Strategy rolls on. But the UK is not the only story, the company also enjoying improving demand from overseas and particularly the US.

The City expects earnings at Hill & Smith’s to rise 8% in 2017 and by a further 3% in 2018, projections that produce P/E ratings of 17.2 times and 16.3 times correspondingly. I reckon this is stellar value given the firm’s excellent sales momentum.

[philanderer] 31/1/2017 14:00

Charging up , but little volume as yet.

[philanderer] 30/1/2017 13:16

FT Alphaville:

BE
Anyway, Numis upgrade.

Hill & Smith Holdings PLC (HILS:LSE): Last: 1,169, up 34 (+3.00%), High: 1,169, Low: 1,144, Volume: 39.71k
11:44 am

BE
Hill & Smith shares have drifted over recent months. Indeed the performance has diverged from other 'Trump stocks' since the Presidential election; H&S +9.5%, Ashtead +33%, Vesuvius +34% and the Engineering sector +18%. The PE rating (17x 2017) is now a discount to the sector, if high by historic levels. With Brexit also looking less of an issue and currency benefits we see upside risk to numbers (with further potential from bolt-ons as usual). A 5% upgrade to numbers and sector PE of 18x suggests 1280p target price and hence we put the shares back on a positive rating (Add from Hold).

BE
(The phrase "Trump stocks" feels more awkward than it did last week. There's a risk that it's increasingly coming to mean Academi, G4S and Aegis Defence Services rather than the makers of pipes.)

BE
UK. Post Brexit we took a slightly cautious view on the UK business, in particular the housing related activities. The group’s Birtley subdivision of businesses manufacture doors, lintels, plasterers accessories and associated building metalwork structures and is highly exposed to the housing sector. The business has sales of c. £40m with margins close to 10%. The predicted fall off in housing starts post Brexit is now replaced by more positive expectations for 5% growth suggesting the business should now make positive progress in 2017.

Mr Gekko @be is brexit looking less of an issue?
11:46 am

BE
North America. The US business performed well in 2016 assisted by the second full year from the new Memphis galvanizing plant. Obama’s five year $305bn highways bill was passed in 2015 but the spending benefits only started to come through in H2 2016 suggesting that there is more to come for H&S from this avenue even before Trump’s infrastructure splurge is enacted. At present we have broadly flat underlying numbers for galvanizing assuming some UK softness offsetting US growth and French recovery. If the UK continues as expected and additional US infrastructure comes through this could prove a touch conservative. In addition the Zoneguard temporary road barrier business appears to be gaining traction at just the right time.

BE
Oh, there we go. The Zoneguard temporary road barrier.

BE
There's a Mad Max angle after all.

[philanderer] 25/1/2017 20:41

Hill & Smith Inc. ‏@HillandSmith 15 minutes ago

Zoneguard's male-female connection slides together quickly and require no loose parts

video:

[philanderer] 04/1/2017 23:15

4th jan N+1 Singer buy tp 1362p

reiteration

[philanderer] 19/12/2016 18:03

Non - exec director making first purchase

4,000@ 1191.6p

[discodave4] 13/12/2016 21:40

Nice one.Been on my watch list for a while, less than £12 would do me.Good luckDD

[philanderer] 13/12/2016 14:07

In for a few @ 1196p

Luck to all.

[ste1984] 21/11/2016 20:12

I'm holding on to this. It's certainly not going to drop anytime soon. Anyone else in?

[1savvyinvestor] 17/11/2016 08:36

Why oh why did I sell this to fund another share!? Worked out ok but I should have stayed with this great company. Best trading advice is hold a great company !

[andyash] 10/11/2016 11:51

Do HILS have a wall building business in America?! Massive rise over the past two days.

[phillis] 09/8/2016 13:28

virtuous circle is not an epithet I would attribute
business performing well no doubt

[rhomboid] 09/8/2016 11:54

Hi Phillis,

The attraction here is they have a virtuous circle going of growing revenues and increasing margins in safety regulation driven markets. So they don't look cheap but then quality growing companies seldom are.

[phillis] 09/8/2016 11:46

indeed
I always look a little closer at the "exceptionals" when looking at acquisitive businesses. That is where all the mistakes are squirreled away
They are real costs in running such businesses
Underlying eps means realively little in this context

Even expensive at 31p for six months

[gco1133a] 08/8/2016 15:46

underlying EPS for half year is 31p

[phillis] 08/8/2016 12:00

£11+ on half year EPS of 16.8p?

V toppy