Hill & Smith Share Discussion Threads

[philanderer] 03/5/2022 10:49:29

HSBC cuts Hill & Smith price target to 1,600 (2,010) pence - 'buy'

[philanderer] 15/3/2022 10:47:23

Up nicely monday and all given back today . What a nonsense.

[philanderer] 14/3/2022 10:59:25

Berenberg cuts Hill & Smith price target to 1,825 (1,995) pence - 'buy'

[redartbmud] 10/3/2022 10:55:51

Yup. Says it all.

[philanderer] 10/3/2022 10:49:35

Well pleased with those results. Quality management here.

[philanderer] 04/3/2022 12:32:50

Prelims next thursday

[km18] 18/2/2022 17:43:43

...from last year...

Company overview:Hill & Smith Holdings is a manufacturer and supplier of infrastructure products and galvanizing services. Company’s ambition is to create sustainable infrastructure and safe transport through innovation. HILS’ focus is operating in niche markets, and at the heart of their strategy they put services, margins, and product development, based on geographically well-diversified portfolio of projects. The company operates through 3 divisions: road and Security, Utilities, and Galvanizing Services, with Road and security dominating their results. 71% of the operating profit was generated on US soil, and 26% was from UK. HILS has followed a blended approach towards growth with good CapEx and numerous acquisitions over the years. Main drivers of the markets where they operate are enabling technology, decarbonisation, and sustainable construction materials.
Fundamentally, the company is well-balanced. Yes, there is goodwill from the acquisitions, which has been impaired last year, but looking and their operating performance this does not seem alarming. Cash flow last year was negative, primarily due to big debt retirement figure, and revenue is growing at 7.16% CAGR. The growth in revenue should be observed with attention, as biggest markets where the company operates UK and US are planning to commit big budgets on infrastructure and HILS has prepared by investing in additional capacity. This is in line with management’s plan to focus on organic growth in the coming periods. Higher cost of raw materials was playing against the company, but good growth prospects from exposure to “mega-trends” are balancing out the effect so far, but should be taken into consideration for the coming periods as well. Interim reports are positive with strong growth in operating profit and 350bp raise in the margin.
From operating efficiency point, the company benefits from a decentralized autonomous operating model. In simple terms, managers in the regions can act swiftly to changes in trading conditions, which is very important when we consider business’ dependence on raw materials. HILS have been smart also with regards to ESG, because this opens the door to the $1tn budget that just went through Senate. Biden’s administration clearly stated the ESG considerations are a focal point to the award of public works contracts, and HILS has a well established ESG strategy to exploit that....

...from WealthOracleAM

[philanderer] 28/1/2022 19:30:35

Biden in Pittsburgh to give talk on $1tn infrastructure plan following bridge collapse

[philanderer] 14/1/2022 00:24:10

Seems to be a rotation in the market from 'growth' to 'value' stocks.

[philanderer] 12/1/2022 18:41:49

joe, good luck with that. I've never done it. I'd be interested to see how your trades go. So what's your position at the moment ?


Sh1te day, sh1te week.

Support at 1500p hopefully.

[gswredland] 12/1/2022 14:41:41

Yes. Obviously not helping. Hadn't thought of that Phil
Still plenty of other work

[philanderer] 12/1/2022 14:30:47

This definitely not helping the shareprice..


Government delays more all-lane smart motorways for five years

[wad collector] 08/12/2021 11:22:54

Another director buy last week , perhaps the rise will sustain?

[philanderer] 08/12/2021 09:57:41

Read across from Ashtead ?

[philanderer] 02/12/2021 00:42:07

XD in the morning for the 12p interim

[philanderer] 01/12/2021 15:49:43

Yes, happy to hold this one.

[bothdavis] 01/12/2021 08:33:50

Have always found HILS to be a gem. Suspect management will once again prove the doubters wrong. Would love to see a bigger dividend personally, but will more than happily take the share price increases.

[gco1133a] 25/11/2021 22:25:59

Simply Wall Street is a bot analysis? A mere cursory glance at the interim results will reveal that dividend cover for the year will be about 2.5x and profit margins are well up on last year once you strip out the one-off cost of closing two loss-making businesses.

Having said that I thought the statement today was less ebullient than the outlook at the half-year so was not surprised to see a fall , although maybe a little overcooked?

[mayers] 25/11/2021 21:22:06

philander
Simply Wall St in its comments 24 days ago (1 Nov) was ambivalent as to the future progress of HILS and in its risk analysis pointed to the 1.58% dividend's not being well covered by earnings and profit margins at 2.9% lower than last year. (finance yahoo HILS)
I suspect our judgments have been blurred by the Biden Infrastructure Bill which seemed to prompt the recent share price increase. A very big fall.

[philanderer] 25/11/2021 18:56:58

hawaly, thanks for that.

HILS Chairman purchase today 2,120 @ 17.44099057p

[hawaly] 25/11/2021 16:36:45

People may have been looking for a specific mention of the Infrastructure bill in the update.

Perhaps pertinent to read across some figures from AHT - although not necessarily "like with like" the differences stand out:

PER (f) HILS 22.5 AHT 23.3

Operating Margin: HILS 6.21% AHT 24%

EPS HILS 70.4p AHT 255p

GLA 😎

[philanderer] 25/11/2021 16:17:41

Looks to have been someone unloading between 9am - 11am. Worth looking out for any delayed reporting after the market close.