Back to 20+ hopefully |
Added a few more today below 1800 |
Good move to sell out in the morning. |
Just fed up with it. Dead flat for 2024 and looking to break down through that 180p support.
The announcement that the CFO was leaving finally made my mind up.
Looking to liquidate a lot of my uk holdings and this was a prime candidate. |
Did your stop loss kick in? When you getting back in, what price? |
Sold out this morning.
Luck to all holders. |
Added some at these levels 1830s |
Got to be worth a pint from here |
'Hill & Smith Infrastructure Pioneering 200 Years of Safer Roads' |
Me neither, Suet. Last year's one was an absolute riot! |
Wouldn't miss it for the world!
Suet |
Hill & Smith Infrastructure to start the new year 2025 exhibiting at the TRB Annual Meeting |
HILS for 2024 , + 5% .... and a 2.5% dividend |
suet
if it tanks the share price, no thanks! |
Just looked at the 2024 interim results.
US revenue 59%. 77% of operating profit from the US.
Perhaps hils should move to a primary US listing?
Suet |
Interesting..
In London, Ashtead gave back 7.5%. The industrial equipment supplier cut its annual outlook and plotted a move to a New York primary listing.
It now guides for group rental revenue growth of 3% to 5% for the full-year, its outlook cut from 5% to 8%. Rental revenue in the half-year to October 31 rose 6%. Overall revenue climbed 2%.
Ashtead believes ‘the US market is the natural long term listing venue’. Shifting its primary listing to the US from London ‘is in the best interests of the business and its stakeholders’. It still plans to keep a UK listing.
‘Today Ashtead is substantially a US business, reporting in US dollars, with almost all the group’s operating profit (98% in FY24) derived from North America, which is also the core growth market for the business. The group’s executive management team and operational headquarters are based in the US and the vast majority of the group’s employees reside in North America,’ Ashtead said |
Thanks, not so cheap then! |
£139M is PBT not PAT which you need for the EPS calculation. Consensus PAT for FY25 is 101.6m, therefore EPS 127.2p putting them on 16.5x. |
Almost as if the brokers are guessing too....
Impressive 2 yr chart , though not so impressive over 5 yrs. I see the FY24 Consensus Profits is £139M and with 80.4M shares that makes EPS £1.73 or a prospective P/E of 12.1
Seems cheap still. |
or....
Jefferies raises Hill & Smith price target to 2,540 (2,460) pence - 'buy' |
 Shore Capital downgrades Hill & Smith
Shore Capital has downgraded Hill & Smith (HILS) after a disappointing revenue update ensured the shares are fairly valued.
Analyst Tom Fraine cut his recommendation from ‘buy’ to ‘hold’ on the specialist barrier manufacturer, which rose 0.7% to £20.95 on Wednesday and is up 13% this year.
An update from the group showed revenue was up 2% in the four-months to the end of October, and profits are expected to come in line with consensus, but Fraine lowered his rating in line with consensus.
‘We downgrade our recommendation from “buy” to “hold”, having previously considered consensus expectations to be conservative,’ he said.
‘With trading in line with full-year 2024, we see the shares as being fairly valued at the current price.’
He said the company was ‘well positioned to benefit from infrastructure spend in the US’ and the conservative margin guidance has supported earnings forecasts ‘but revenue may have disappointed investors in the first half’.
‘The more attractive areas of the business, which we see as being much more important for the future of the group than the underperforming businesses, have continued to be resilient and have a very good record of growth prior to full-year 2024,’ said Fraine.
citywire.com |
What’s happened? |
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