Hill & Smith Share Discussion Threads

[philanderer] 06/7/2023 16:43

My only blue one today out of twenty eight.

[philanderer] 04/6/2023 00:34

MIDAS SHARE TIPS UPDATE: Hill & Smith is on a roll - steel supplier in galvanising 172% rise

[philanderer] 30/5/2023 17:34

Nice director buy confirmed 👍🏼

[philanderer] 26/5/2023 17:41

red, many thanks for the update 😀👍🏼

Berenberg raises Hill & Smith price target to 1,625 (1,600) pence - 'buy'

[suetballs] 26/5/2023 06:06

Thanks Red.
I was concerned about the lack of ceo which had stopped me from topping up.
Looks like my concerns were unfounded and will now be looking to increase my holding.
Suet.

[redartbmud] 25/5/2023 23:18

phil

Attended the AGM.
It was a good meeting.
Giddins is more thn capable of handling the interim CEO role, as well as the Chair role. Definitely safe hands.
I am very impressed with the CFO too. Her presentation at the meeting was informative and to the point. Also on the ball with the questions from the floor.
The update on activities across the pond, from the American present, was also very upbeat.
The business is going extremely well for the present with the prospect of more to come.

red

[philanderer] 25/5/2023 22:42

In London, Hill & Smith shares rose 4.8%. It said it has delivered a ‘record trading performance’ in the four-month period to April 30. It said constant currency revenue growth was up 18%, and there has been ‘strong’ profit growth against a relatively soft 2022 comparator.

Looking ahead, the company said that it expects full-year operating profit to be modestly ahead of the top end of analyst expectations. The current company compiled analyst consensus expectation for financial 2023 is for underlying operating profit of £107.0 million with a range of £105.2 million to £110.2 million.

Hill & Smith said Alan Giddins will continue as executive chair for another 12 to 18 months. He has been in the role on an interim basis since July 2022, while the company searched for a new CEO.


HTTPS,://www.ajbell.co.uk/markets/latestnews?fromSMW

[philanderer] 22/5/2023 10:07

Berenberg raises Hill & Smith price target to 1,600 (1,490) pence - 'buy'

[philanderer] 24/4/2023 19:00

Jefferies raises Hill & Smith price target to 1,610 (1,510) pence - 'buy'

[philanderer] 10/3/2023 01:32

Tomps, excellent, many thanks for the link.

[tomps2] 09/3/2023 18:07

Hill & Smith Full Year 2022 results presentation.

hxxps://www.piworld.co.uk/company-videos/hill-smith-hils-full-year-2022-results-presentation-march-23/

Alan Giddins, Executive Chair
00:17 Introduction
00:29 Highlights

Hannah Nichols, Group CFO
01:58 Financial highlights
03:28 Galvanizing
05:23 US Galvanizing
07:44 Engineered Solutions
09:58 Roads & Security
12:46 Cash generation & financial position
15:20 ESG

Alan Giddins, Executive Chair
17:52 Financial framework
19:11 Group overview
20:09 US Infrastructure Bill
21:22 Acquisitions – National Signal
22:46 Acquisitions – Enduro Composites
23:26 Acquisitions – Korns Galvanizing
23:56 Outlook

[philanderer] 09/3/2023 14:48

Shore Capital cuts Hill & Smith after strong run


Shore Capital has downgraded Hill & Smith (HILS) as the shares in the specialist barrier manufacturer look ‘fairly valued after a good run’.

Analyst Tom Fraine downgraded his recommendation from ‘buy’ to ‘hold’. Shares fell 6.7%, or 94p, to £13.20 on Wednesday following a 14% increase in both revenue and profit for 2022.

Fraine forecast an operating profit of £105m for this year but said it was ‘very conservative’ and he sees ‘scope for upgrades’.

‘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,’ he said.

‘The shares trade on 16 times our upgraded full-year 2023 earnings per share forecasts… and now appear to be fairly valued. We downgrade our recommendation…; following a strong recent share price performance, and see more upside for [infrastructure services provider] Renew (RNWH), which is considerably cheaper despite generating higher returns on invested capital, higher historic earnings growth, and having a lower risk profile.’


citywire.com

[bothdavis] 08/3/2023 16:58

Just hope Hill & Smith don't decide to transfer listing to USA!

[philanderer] 08/3/2023 14:57

Investors Chronicle:


Hill & Smith well positioned for US infrastructure splurge

US infrastructure spending supports the long-term business case

....At 16 times consensus earnings, the shares don’t exactly scream value, but the technical outlook turned positive midway through January, and there is a forward yield of 2.8 per cent, marking this as a viable lower-risk addition to your portfolio.

Buy.


article:-

[albert arthur] 08/3/2023 12:15

DD just in.

[philanderer] 08/3/2023 09:24

Happy to hold.

today's acquisition:

[albert arthur] 08/3/2023 09:11

Yeah, end of tax year, also Fed didn't help with last nights announcement...

[suetballs] 08/3/2023 08:31

After a good run a bit of a retrace here.
Not unexpected.
Suet

[rimau1] 08/3/2023 07:49

High quality operation. This was one of my buy and forgets, USD earning tailwinds should give us a nice kicker in 2023. Deserves a premium rating IMO, 18x would be around 1,710 which is my target.

[albert arthur] 08/3/2023 07:10

Nice results.

[albert arthur] 07/3/2023 17:31

Cap at AHT is much bigger too... expect this might gap on open tomorrow and do well.

[philanderer] 07/3/2023 13:50

Maybe a read across from Ashtead today...

"...Chief executive Brendan Hogan said: 'Our business is performing well with clear momentum in strong end markets, which are enhanced by the increasing number of mega projects and recent US legislative acts.'"

[albert arthur] 06/3/2023 14:32

Based on the last 2 updates the results should be good..