Hill & Smith Share Discussion Threads

[philanderer] 15/8/2023 00:07:42

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 10:35:24

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 14:15:03

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 07:01:11

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

[philanderer] 10/8/2023 10:33:03

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 10:29:12

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

[philanderer] 10/8/2023 10:13:47

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 15:11:43

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

[philanderer] 09/8/2023 14:50:04

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 10:33:19

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 10:10:47

Yes - FAB.
Suet

[philanderer] 09/8/2023 09:28:45

Splendid results :-)

[wad collector] 08/8/2023 08:02:04

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

[philanderer] 14/7/2023 11:04:50

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

[philanderer] 06/7/2023 16:43:15

My only blue one today out of twenty eight.

[philanderer] 04/6/2023 00:34:30

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

[philanderer] 30/5/2023 17:34:45

Nice director buy confirmed 👍🏼

[philanderer] 26/5/2023 17:41:30

red, many thanks for the update 😀👍🏼

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

[suetballs] 26/5/2023 06:06:02

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 23:18:33

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 22:42:11

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 10:07:17

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

[philanderer] 24/4/2023 19:00:53

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

[philanderer] 10/3/2023 01:32:09

Tomps, excellent, many thanks for the link.