Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Alan Giddins, Executive Chair and Hannah Nichols, Group CFO, present results for the year ended 31 December 2022. It was a year of record profitability, from a higher growth portfolio.
https://www.piworld.co.uk/company-videos/hill-smith-hils-full-year-2022-results-presentation-march-23/
As noted below, a disappointing response from the market but noticed that our Chair has bought today.
Seemed like a good idea as well as an overreaction from the market so followed suit (and at a lower price (for once)).
Nd
Will sell if we get back to £14 as am overexposed here
Nd
Disappointing response from the market.
Nd
Agreed. Augurs well for the dividend.
Nd
Very satisfactory news today.
Flight into the US Dollar.
Like in the 70’s
Problem is it’s lost most of its purchasing power and a high dollar deters countries from trading with the US.
Last time this happened, the US deliberately sold off the Dollar and took profits.
The business delivers record levels of profit and revenue and has increased its margins during a time of high inflation..... and yet the market has rewarded its performance with a share price fall of 50% from its highs last year. Absolutely bizarre! The only thing I can do is 'back up the truck' and purchase more shares for my SIPP. This is a company selling essential infrastructure products, not one exposed to discretionary purchases.
Robina,
Indeed, after 30+ years of investing, I've rarely felt so perplexed with market sentiment and movements. One explanation maybe the entrance to equities of a new demographic of investors together with institutional investors trading with a revised set of metrics. Whatever it is, it's going to take me a while to adjust..
There seems to be this perverse thing going on of clobbering a good update. Same with Keller.
Just seems to defy logic to me. It's as if the City knows something we don't...
Solid and although I like them, the city appears unimpressed
Agreed, but it doesn't seem to have done the share price any harm.
Nd
Bit odd for CEO to stand down with immediate effect.
Although Shore Capital raises Hill & Smith to 'buy' today, the share price has not responded.
Well, I thought that todays statement was pretty upbeat.... and for a moment, so did Mr Market. But we are at the cusp of a recession in the UK, IMO, and, sticking my neck out a little further in the early stage of a bear market that started in February. My hunch is that the market will remain week for quite a few months, but it is not to say that there is gloom and despondency for the duration. I will be sitting on cash that is generated from my holdings and see no compelling reason to buy or sell until the market has gained composure.
Waiting for a return on one of my not so good funds or shares so I can buy in here. With all the money floating around for infrastructure projects coming on stream in the USA and elsewhere, seems a good buy to me.:-).
Satisfactory, I would say. Good in increase in dividend.
Strong hold.
Nd
I think the main body of the group is stable, This one would seem not with outstanding orders at a record high and since my last post even more key staff have/are leaving. They are not being replaced and this will have a huge impact When the market changes to a less demanding housing sector. The bottom line is that they are only doing well because the demand is there and this it so unless they offload the subsidiary then it will knock a large hole in the proffits! Plus the FD is also leaving ! (so i am told )
I have had a much more positive experience with HILS in my business dealings (highway infrastructure) they are still the goto company for quality, price and delivery, Cant speak for other divisions but ive always found this part of the business to be very capable, hence my investment here. As previous poster mentioned, they are dull but neccessary, not expecting fireworks but slow and steady increase in sp and divi.
Well have just spoken to said subsidiary, Chasing product. Two more staff leaving no plans to replace, FD leaving as well. MD's last company was a bit of a failure they understand. That was answer when i asked what he was doing about the issues. i have been waiting for product since october and still no sign of a delivery date ! Keep feet dry would be my advice
riverbliss, I am in housing and the reputation is shocking staff really down being treated like crap. And in times when the industry is booming no links as they wouldn't want it to get out . I understand they lost a big stockist not that they could supply them ! Sop my money is staying away for this one for the time
Are you able to expand on that Waltz, perhaps with a link to any news? Do you think that's the reason for the sharp sell-off? I am scratching my head because I always assumed this was a slow and steady share, but it's being hammered like its a small-cap, growth, high PE one.
One of the subsidiaries is having a real nightmare all customers on 6-8 week delivery was 10-days losing Customers fast i wont be dipping any toes !
Bought another chunk on 21st following the sale of half my holding in MTE. Time will tell the wisdom of this, but this is a well managed company with down to earth managers. Price paid was 17.31052