Hill & Smith Share Discussion Threads

[dave129] 10/5/2021 08:32:52

so the Jeffries rating is welcome and all that - but I find myself a bit stunned that it generated an 8.2% lift on Friday and as i type in first 30mins today we're up 15.87

is there anything else going on?

[philanderer] 09/5/2021 20:25:07

MIDAS SHARE TIPS UPDATE: Bold Government infrastructure promises bode well for manufacturers including Hill & Smith



Midas verdict: Hill & Smith shares closed at £15.78 last week so investors who bought in 2014 have seen the price almost triple. Most of those gains arose under the former chief executive but Simmons is determined to do even better than his predecessor.

Cautious investors may choose to sell down now in case the new man is wrong-footed. Selling out completely would be a mistake, however. Hill & Smith is an obvious beneficiary of the infrastructure boom and if Simmons' plans work out, the shares could really motor.

[philanderer] 07/5/2021 21:17:52

dave, thanks, missed that today.


Jefferies initiated coverage of Hill & Smith on Friday with a ‘buy’ recommendation and 1,750p price target, saying the company has "all the ingredients to re-rate".

"Hill & Smith has an attractive spread of end markets spanning the general theme of 'infrastructure investment'," Jefferies said. The bank's organic revenue growth forecast of around 6% a year for FY21-FY24 is double the historic trend.

"Fuelling this growth is rising government investment on road networks in the UK (£27bn Road Investment Strategy 2) and US ($135bn within the proposed American Jobs Act).

"Our proprietary Road Investment Model indicates market growth of 4% per annum (FY20 - FY25F) which will support both the Road & Security and Galvanizing divisions."

Jefferies said the US utilities businesses also look well-placed to benefit from stimulus-driven upgrades to the US electricity grid and secular growth in demand for composites as a more environmentally friendly and more durable alternative to steel and wood.

"We see compelling rationale for using the strong Balance Sheet (FY21F Net Debt:EBITDA 1.2x) to build out each of the three divisions in the US," Jefferies said.

It noted that many of Hill & Smith's products and services in the US are immature with low market share but with either regulatory or environmental tailwinds.

"Furthermore, such a strategy should be accretive to group margins, with most US businesses delivering margins above their respective divisional average."


Sharecast.com

[dave129] 07/5/2021 17:31:32

+8% - wow - I saw there was an upgrade from Jeffries but is there any other news out?

[philanderer] 07/5/2021 14:14:23

Up on good volume .... 300k+ printed so far.

[bothdavis] 05/4/2021 22:28:35

Hill and Smith is a long term hold ..always has been!

I've held for ten years or so now.

[joshuam] 05/4/2021 12:00:29

Didn’t expect hils breaking it’s 12 month high the way it was going in February, still hold not sure for how long.

[philanderer] 01/4/2021 10:33:29

Now the hard part....get it through Congres. 😜

[philanderer] 31/3/2021 13:56:06

(Alliance News) -Trade was muted at midday on Wednesday as investors look ahead to the unveiling of US President Joe Biden's bumper infrastructure spending plan.

Yield rose in the US ahead of President Joe Biden proposing a USD2 trillion infrastructure plan aimed at modernising the US's crumbling transport network, creating millions of jobs, and enabling the country to "out-compete" China.

The first phase of Biden's "Build Back Better" program, which he will unveil in a speech in Pittsburgh, will detail massive investment spread over eight years.

It plans to inject USD620 billion into transport, including upgrading 20,000 miles of roads and highways, repairing thousands of bridges, and doubling federal funding for public transit.

[philanderer] 11/3/2021 19:43:24

Chairman buying a few yesterday.

[philanderer] 11/3/2021 11:57:17

BERENBERG RAISES HILL & SMITH PRICE TARGET TO 1565 (1550) PENCE - 'BUY'

[philanderer] 10/3/2021 10:45:11

Solid.

Happy to hold.

[philanderer] 08/3/2021 11:09:47

Results due wednesday.

[philanderer] 02/3/2021 10:59:29

Acquisition..

[philanderer] 20/1/2021 14:04:41

BERENBERG RAISES HILL & SMITH PRICE TARGET TO 1,550 (1,480) PENCE - 'BUY'

[philanderer] 11/1/2021 17:09:58

Bosh !! down we go ... only 40k traded though.

[philanderer] 07/1/2021 15:55:45

SP rallying....Biden boosting infrastructure spend I suppose ?

[philanderer] 02/12/2020 13:26:57

xd tomorrow for the 9.2p interim dividend

[philanderer] 26/11/2020 10:01:46

Obviously not, already had it a couple of weeks ago :-)

[philanderer] 23/11/2020 13:53:29

Trading update thursday.

[redartbmud] 12/11/2020 14:20:43

Derek Muir will be a very hard act to follow.

[philanderer] 12/11/2020 14:10:11

Hill & Smith FY operating profit to be 'slightly ahead' of forecasts

[philanderer] 12/11/2020 10:41:44

Sorry to see Derek Muir depart.


'Hill & Smith ups guidance as boss announces departure'

[rimau1] 12/11/2020 07:42:28

Great news and update, slight earnings beat on the £61-£64m analyst consensus for 2020 and net debt at £158m is coming down fast. Margins up and costs down. Despite no medium term guidance a strong recovery in end markets in 2021 is not priced in yet IMO.