Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Whom are HILLS main US competitors?
I guess Morgan Sindall & Balfour Beatty are in UK.
Well I've bought a bunch on today's morning dip. Good company. Hopefully a good entry point today.
Hill & Smith Executive Chair, Alan Giddins and Chief Financial Officer, Hannah Nichols present results for the year ended 31 December 2023.
Watch the video here: https://www.piworld.co.uk/company-videos/hill-smith-hils-full-year-2023-results-presentation-march-24/
Or listen to the podcast here: https://piworld.podbean.com/e/hill-smith-hils-full-year-2023-results-presentation-march-24/
Another £73k's worth for the Executive Chairman. Excellent.
Nd
Hill and Smith plc posted healthy FY results for the year ended 31st December this morning. Revenues were up 13% to £829.8m, underlying PBT was up 27% to £111.9m and statutory EPS was up 29% to 86p. A final dividend of 28p was proposed, up 27% on the year, making a total dividend of 43p. The balance sheet remains solid with covenant leverage at 0.4x EBITDA allowing plenty more scope for organic and acquisitive expansion. Indeed, there has been more positive momentum on M&A in 2024 year to date with a further £11.6m investment across two acquisitions completed and the M&A pipeline is healthy. Valuation is no longer cheap with forward PE ratio at 17.1x, but the share price remains in an 18-month uptrend. BUY. ...
....from WealthOracle
wealthoracle.co.uk/detailed-result-full/HILS/828
Further and farther...
Given the US generates 76% of "underlying operating profit" I would welcome a US listing which would undoubtedly result in a significantly increased share price.
Nd
Looks well managed, focussed and busy. Impressive all round results and increase in dividend.
Todays news of acquisition seems an excellent fit
Reads well to me.
Chunky buy announced today.
173!!
Nd
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: https://www.piworld.co.uk/company-videos/hill-smith-hils-interim-results-presentation-august-23/
Podcast: https://piworld.podbean.com/e/hill-smith-hils-interim-results-presentation-august-23/
Chunky manager buy published tiday
That will do very nicely!
Nd
Today's Times states that an Indian subsidiary is supplying pipe supports for a Russian company.
Not as bad as supplying offensive materiel but still not a good look.
Nd
189.
Nd
More recently, of course, the shares reached a 12 month high.
Delighted to report a rise to 191, an all time high (although "all time" only covers a period of 4 weeks!).
Nd
A minor setback to 196 this week.
Nd
And this week's chart shows an encouraging rise to 192.
Well done stock/pop pickers!
And at number 199 we have a new entry - HILS (in his best Tony Blackburn voice).
Nd
Made it back over £14 but holding on given today's positive update.
Nd
Well, it might take a little bit longer than I had hoped....
Nd
Got in again below £13, still intending to cash in at £14+.
Shouldn't be long now.
Nd