Hill & Smith Share Discussion Threads

[philanderer] 17/11/2023 10:52

Nice acquisition announced..

United Fiberglass, located in Springfield, Ohio, is a designer, manufacturer and supplier of composite pipe, conduit, and bridge drain infrastructure systems. Its products, with a combination of high strength, lightweight and resistance to corrosion can be found in a wide range of application environments, above and below ground, including those serving utility, infrastructure, transportation and industrial markets across the US.

[philanderer] 15/11/2023 14:39

Berenberg raises Hill & Smith price target to 2,100 (2,000) pence - 'buy'

HSBC raises Hill & Smith price target to 2,055 (1,955) pence - 'buy'

[don carter] 14/11/2023 13:49

Touched 18 this morning: I can see this going to £20 by spring.

[philanderer] 14/11/2023 11:31

Happy to hold.

"....Given the good trading performance, we now expect FY23 operating profit to be slightly ahead of the top end of current analyst consensus and to start FY24 with positive momentum."

[philanderer] 13/11/2023 14:17

Trading update tuesday.

[philanderer] 12/10/2023 10:59

Jefferies raises Hill & Smith price target to 1,910 (1,770) pence - 'buy'

[philanderer] 28/9/2023 19:24

Exec Chair buying a few

9,000 @ 16.63275778

[philanderer] 15/9/2023 14:08

Up on good volume today , almost 200k shares traded so far.

[philanderer] 05/9/2023 00:07

UK construction tough but buying opportunities exist, says Berenberg


Berenberg highlighted six key 'buys' among UK-listed construction stocks:

Berkeley (5,100 target price) on the strength of its order book, forward sales position and cash generation approach;

Grafton (1,050p target price) on its capital allocation and investment opportunities across Europe;

Genuit (400p target price) due to the growing demand for sustainable construction products;

Howden (870p target price) with its expanding depot network, improving distribution and international potential;

Volution (500p target price) with regulatory developments expected to drive demand for its energy-efficient ventilation products;

and Hill & Smith (2,000 target price) on its potential to expand its North American operations.



sharecast.com

[philanderer] 18/8/2023 13:29

The Times (Tempus share tips): BUY Johnson Matthey; HOLD Hill & Smith

[redartbmud] 15/8/2023 08:31

phil

I listened to the PI World presentation.

Given that they lost a new CEO, in quick order, because he didn't quite fit, and the fact that the Chairman has stepped up to the plate until the right person is found, the business is in very good health.
That is no surprise.
The presentation is a textbook example of how to run a company, and proof that it isn't a one man band.
They impemented a lomg term policy for te development and growth of the business that is now paying off in spades.

I was impressed when I met the CEO when she was appointed and I also spoke at length to the chairman at the AGM. I cam away extremely satisfied that the comapny is in good hands, and for once the NED's are doing their job. The latter cannot be said for the vast majority of quoted businesses, where I do not see any positive influence or input emamanting from that quarter.

The company is in a very good position to move forward.

red

[philanderer] 15/8/2023 00:07

Numis Securities, which continues to regard the company as one of its top picks after moving from 1,800p to 1,850p. Its new financial estimates leave the shares on 15.1 times forward earnings, versus the long-term average of 15.5 times.

Peel Hunt, which now sits at 1,900p, believes the company is one of the best ways to play the wave of infrastructure investment in the United States.

This has been seen in the “exceptional performance” of the company’s engineered solutions division, which supplies steel and composite materials to a range of markets including energy generation, marine, rail and housing.


ii.co.uk/

[tomps2] 14/8/2023 10:35

Hill & Smith PLC (LON:HILS) H123 Exceptional results from this engineering company that has 3 divisions: Galvanising, Engineering Solutions and Roads & Security. The US is driving the success.

Here is the video and podcast of the H123 results presentation given to analysts by Alan Giddins, Exec Chair and Hannah Nichols, CFO.

A summary of the highlights:

- Revenue +9% £420.8m, operating profit +20% £62.5m on an organic constant currency basis

- Operating margin +240bps to 14.9%

- Strong margin expansion is due to an improved portfolio mix, driven by Engineered Solutions and the advantage of operational gearing

- Underlying PTP +42% at £57.2m

- Total Group EPS +24% with EPS from continuing operations +39% to 53.6p

- Group free cash flow £34.8m

- Two acquisitions totalling £38m have integrated well, acquisitions contributed £41m revenue and £8m operating profit

- Return on invested capital in H1: 21.3%

- Medium term KPIs: 15% operating margin and 18% cash conversion

- Full Year 2023 operating profit upgraded with these results supported by US industrial growth drivers although there is some H1 weighting.

Video: hxxps://www.piworld.co.uk/company-videos/hill-smith-hils-interim-results-presentation-august-23/

Podcast: hxxps://piworld.podbean.com/e/hill-smith-hils-interim-results-presentation-august-23/

[whittler100] 11/8/2023 14:15

I see the Chair of HILS bought £ 150k worth on 09/08 this week to add to the significant insider buying in March

[johnrxx99] 11/8/2023 07:01

Hope it comes back a bit. Looks like the yanks are buying so they should dump at some stage.

[philanderer] 10/8/2023 10:33

Peel Hunt: Hill & Smith a good US infrastructure play


Peel Hunt analyst Henry Carver believes manufacturer Hill & Smith (HILS) is one of the best ways for investors to play the wave of US infrastructure investment.

He said the group’s ‘strong’ first half showed revenues grew 20%, with strong momentum continuing in the US businesses, which accounted for 73% of underlying profit, while those in the UK were resilient against tough competition.

Management guided to 2023 operating profits coming in ahead of expectations, which Carver took to mean £4m more than Peel Hunt’s estimated £112.5m with a similar flow through to 2024.

‘We also see plenty of scope for further M&A – we understand there is an active pipeline and management has plenty of firepower to work with,’ he said. ‘Cash conversion in the first half was a useful 87%, and net debt-to-ebitda at the half year is sitting at 0.7 times, below a stated target of between one and two times.’

With the shares trading at 15 times earnings, and good prospects for the rest of the year, he reiterated his ‘buy’ recommendation with a price target of £16.80.


citywire.com

[philanderer] 10/8/2023 10:29

Berenberg raises Hill & Smith price target to 2,000 (1,625) pence - 'buy'

[philanderer] 10/8/2023 10:13

Executive Chair of Hill & Smith, has purchased 9,000 ordinary shares in the Company ('Ordinary Shares').

6,000 @ GBP16.70
3,000 @ GBP16.86

As a result of the transactions detailed below, Mr Giddins now has a beneficial interest in 80,225 Ordinary Shares.

[philanderer] 09/8/2023 15:11

9th aug Jefferies buy tp 1770p
9th aug Peel Hunt buy -

[philanderer] 09/8/2023 14:50

Investors Chronicle:

Hill & Smith driven by Uncle Sam

The enhanced US weighting has driven profits

August 9, 2023


Buy

article link:

[rimau1] 09/8/2023 10:33

Just triggered my long term sell target of 1710 so i am out for now having held for the past 3 years. I need to bank a profit and show some discipline as overall its not been a great year for my portfolio! Back on the watchlist never thought i would sell so i selfishly hope for a retrace!!!

[suetballs] 09/8/2023 10:10

Yes - FAB.
Suet

[philanderer] 09/8/2023 09:28

Splendid results :-)

[wad collector] 08/8/2023 08:02

Interims tomorrow, I like the steady share price rise, something good in the am?

[philanderer] 14/7/2023 11:04

210k @ 1540p printed today ,,, sale worked ?