Hill & Smith Share Discussion Threads

[philanderer] 06/3/2023 13:57

Results wednesday

[philanderer] 24/2/2023 11:24

Hill and Smith helps nature thrive with naturalist app

[philanderer] 20/2/2023 10:26

Today's acquisition website..

[philanderer] 01/2/2023 10:21

Jefferies raises Hill & Smith price target to 1,510 (1,400) pence - 'buy'

[philanderer] 26/1/2023 13:14

US exposure a boon to Hill & Smith, thinks Shore Capital


Specialist barrier manufacturer Hill & Smith (HILS) is being supported by public sector spending and greater exposure to the US has left it well positioned, says Shore Capital.

Analyst Tom Fraine retained his ‘buy’ recommendation on the transport infrastructure company, which was rose 1.1% to £12.74 after a full-year trading statement on Wednesday.

Hill & Smith said it expected full-year operating profit to be at the top end of the current analyst consensus thanks to outperformance in the US.

‘We believe the company is well placed to navigate through adverse macroeconomic conditions, with close to half of its sales driven by public sector spending,’ said Fraine.

‘The quality of the group has increased through recent M&A and the US now drives more than 50% of underlying operating profit. It is well positioned, in our view, to grow its high-margin galvanising business and increase sales into the US and UK highways market,’ the analyst said.


citywire.com

[philanderer] 25/1/2023 10:08

Fine update.

[rimau1] 25/1/2023 07:32

Should get a nice bounce here this morning, TU out with an exceeding expectations driven by the US.

[philanderer] 05/1/2023 10:36

Royal London: Hill & Smith can defy downturn


Specialist barrier manufacturer Hill & Smith (HILS) should continue to perform strongly given its end markets despite the uncertain economic outlook, says Royal London’s Craig Yeaman.

Yeaman holds the stock in his £807m Royal London UK Opportunities fund and in his latest update said the ‘manufacturer of infrastructure products was another contributor to performance’ at the end of 2022.

‘Investors reacted positively to a trading update where the company announced double-digit organic revenue growth, which enabled management to upgrade earnings guidance for the full year,’ he said.

‘While being mindful of the macroeconomic environment, management remains positive for the near-term outlook of the business given the end markets it is exposed to.’

The group also completed the £22.2m acquisition of US-based solar-powered lighting business National Signal in the fourth quarter. This followed the investment in Prolectric Services, which enabled it to gain a foothold in the off-grid solar lighting and energy solutions market.

Hill & Smith shares dipped 1% to £11.77 on Wednesday. They have fallen 35% in the past year.

citywire.com

[philanderer] 30/11/2022 14:20

xd tomorrow morning for the 13p dividend

[philanderer] 17/11/2022 00:37

WHAT DO ANALYSTS THINK?

Following the update and the increase in guidance, analysts at Shore Capital raised their 2022 operating profit forecast to £93 million but left their 2023 estimates unchanged due to the uncertain economic outlook.

However, given the company’s record of managing expectations, they say they see ‘increased scope for upgrades’ thanks to the firm’s exposure to public-sector infrastructure spending and its US presence which thanks to several recent deals drives over half of operating profits.

[rimau1] 16/11/2022 13:16

Never heard of wealth oracle and the comment about valuation at 13x being unhelpful is utter rubbish. HILS historically trades on 15x because of the defensive nature of the earnings so to the unbiased market commentator this is still cheap.

[kalai1] 16/11/2022 12:27

Hill & Smith Plc issued a positive trading update for the 4-month period to 31 October 2022 this morning. Trading has been robust, the full year outlook is expected to be ahead of expectations. Underlying FY22 operating profit is now expected to be above £89.7m, the top of current analyst expectations, suggesting growth of close to 60%. Revenue from continuing operations is 18% ahead of the prior year. And management expect to make further progress in FY23. The balance sheet is solid and the Group has just agreed a new syndicated revolving credit facility of £250m. Valuation looks a little unhelpful with forward PE ratio at 13.0x, but there is scope for positive EPS surprises following today’s release. The share price also lacks positive momentum for now. HILS is a solid and growing business, but the share is one to monitor for now...
.from WealthOracle

[philanderer] 16/11/2022 10:02

Very good . And the sellers now come in .



"...Based on the good trading performance to date and a foreign exchange tailwind, we now expect full year operating profit from continuing operations to be ahead of the top end of current analyst consensus^. The Group expects to see a material improvement in cash generation during H2 2022."

[suetballs] 16/11/2022 08:06

Yes - very impressive.
Suet

[rimau1] 16/11/2022 08:01

Wow that TU couldn’t have been better, all divisions firing. We should fly today.

[philanderer] 14/11/2022 10:22

Investec raises Hill & Smith to 'buy' ('hold') - target 1,300 (1,400) pence

[philanderer] 14/11/2022 10:15

Trading update wednesday

[philanderer] 04/11/2022 23:47

Hill & Smith PLC - Solihull, England-based infrastructure company

- Changes name from Hill & Smith Holdings to just Hill & Smith. It comes after the proposal was approved at the annual general meeting on May 24. Says the name change has now taken effect and the London Stock Exchange will be updated to reflect this in due course.

[philanderer] 05/10/2022 13:58

Yes, much needed :-)

National Signal..




Widnes Galvanising..

[suetballs] 05/10/2022 09:47

Yep - apart from the share price looking rosy.
Suet

[rimau1] 05/10/2022 08:33

Sneaky Trading Update added at the end of the acquisition RNS, all good confirming likely outperformance from FX. Glad to see any material acquisitions are US based.

[rimau1] 28/9/2022 10:21

Where is support under 900 Philanderer?

[rimau1] 27/9/2022 15:50

I’ve joined here at 907. I like the defensive nature of the earnings and according to my notes 40% of revenue is USD based which should guarantee an overall outperformance for the full year. High quality operation IMO.

[philanderer] 26/9/2022 11:01

900p now the next chart support then it's waaaaay down.