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For sub £6 on this then I'm back in. Great company . Sold out at £7 as needed cash. Went into ppg which is bring stellar !
Excellent results.........Worth a jump in the sp and long term looks good.
HILS Hill@Smith Holdings PLC Hill & Smith Holdings PLC FORECASTS 2015 2016 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Panmure Gordon 04-12-15 HOLD 51.20 49.40 20.10 59.30 55.70 22.60 N+1 Singer 04-12-15 BUY 50.00 48.20 20.00 54.90 52.90 22.00 Arden Partners 04-12-15 BUY 49.40 48.13 20.00 55.00 53.59 22.00 Peel Hunt LLP 02-12-15 BUY 50.79 48.99 19.44 55.91 53.92 21.00 Investec Securities 17-11-15 BUY 50.50 48.64 20.00 53.30 50.75 21.50 Canaccord Genuity Ltd 06-10-15 BUY 50.70 49.70 20.00 54.80 53.50 22.00 Numis Securities Ltd 10-08-15 HOLD 50.00 48.10 20.00 54.40 50.60 22.00
HILS Hill@Smith Holdings Lovely breakout on chart today after failed attempt yesterday. The stock trades on a present P/E of 24.9 but this falls to a P/E of just 14.5 prospective for 2016 on the back of EPS increasing from 29.3p this year to 50.3p in 2016. http://content.screencast.com/users/marketsniper/folders/Default/media/eb3d790a-4b9b-4ec4-a103-3437dde7f30d/hils%201.jpg <b><u>Hill & Smith Holdings share price information</u></b> Name Hill & Smith Holdings Epic HILS Sector Industrial Engineering ISIN GB0004270301 Activites Hill & Smith Holdings PLC is a decentralised group serving the infrastructure, building and construction industries. Index n/a Latest share price (p) 744.25 Net gearing (%) 54.53 Market cap (£m) 571.00 Gross gearing (%) 56.15 Shares in issue (m) 78.22 Debt ratio 42.34 P/E ratio 20.80 Debt to equity ratio 0.57 Divs per share (p) 18.00 Assets / equity ratio 2.28 Dividend yield (%) 2.56 Price to book value 3.15 Dividend cover 2.26 ROCE 11.72 Earning per share (p) 35.10 EPS growth (%) 18.58 52-week high / low (p) 735.00 / 565.00 DPS growth (%) 12.50 <b><u>Hill & Smith Holdings broker views</u></b> Date Broker Recommendation Price Old target price New target price Notes 26 Nov Investec Buy 744.25 835.00 850.00 Reiterates 26 Nov Peel Hunt Buy 744.25 780.00 810.00 Reiterates 24 Nov Numis Add 744.25 - 735.00 Upgrades 24 Nov Canaccord Genuity Buy 744.25 870.00 870.00 Reiterates
Hill & Smith on road to returns: Hill & Smith might not work in the most exciting of sectors, but increased government spending on the U.K.’s ageing road network means that this crash barrier manufacturer is well underpinned for the long term. Revenue for the four months to the end of April increased 6% to £153.2 million, at higher operating profit margins than last year. There was strong demand in the U.K. for motorway crash barriers as investment steadily comes through. In the U.S. business there was a solid start in sales to electricity infrastructure, but sales of metal fastenings to keep pipes in place was hampered by bad weather. Its galvanising operations, which are the largest contributor to group profits, saw a strong U.S. market, steady U.K. and weaker conditions in France. The tonnage of products sold increased 2% on the same stage last year. Market consensus is for full year, pretax profits of about £50.3 million, from revenue of £475 million, giving 48.5p in earnings per share. The shares offer a prospective yield of 2.8% and have gained 17%, or more than £1 per share, since we said they looked too cheap (Buy, 603p, March 10). Now, trading on 14.6 times forecast earnings, they remain a steady income share Hold. Hill & Smith at 709½p+8p. Questor Says “Hold”.
Hill & Smith shares still too cheap: Questor is surprised the shares in Hill & Smith didn’t make greater gains after it reported record annual profits and said the outlook in its major markets was good for the year ahead. Brokers from Peel Hunt and Investec upgraded the profit forecasts for the U.K. galvanised steel products manufacturer by about 5% and now expect pretax profits in the region of £51 million. This gives earnings per share of 48.1p on revenue of £472.2 million in the 12 months to the end of December. The market seems to have missed the confident tone in the update. Hill & Smith said profits increased across all divisions last year. The galvanising operations, which is the largest contributor to group profits, saw profits rise 5% to £26.7 million, on revenue up 3%, last year. Demand was driven by the Government pledging to spend more on the U.K.’s road network, and from utility companies across the U.S. and U.K.. The balance sheet looks solid, with net debt of £96 million at the end of December, up from £87.5 million a year earlier, as the company expands. Cash generation is excellent, with the £12.4 million in dividends covered 3.3 times by net operating cashflow. The company increased dividends by 13% to 18p, with the final going ex-dividend on May 27 and paid July 3. We said the shares were “too cheap” at 523p in August last year, and so it proved. The shares, trading on 12.4 times earnings, are a buy. Hill & Smith at 603p+4.5p. Questor says “Buy”.
Just caught The Chronicle magazine today, and mentioned HILS in there 2015 growth stocks alongside RIO, AZN amongst a few other. Said there profit margin will help in their stockprice growing further...
After the independent recommended this as a years bet, it has gained 15-16% from January 2014(505p) till Dec 24th. It has beat the FTSE, so its a winner...plus the dividends one wouldv gained along the way.
Recd by Midas share tips today. Should see good rise and activity hereon. Well done all.
When it eventually goes to 7 pound - its a 100 bagger! Dont see that everyday :)
It was 7p in 1983 ! :) Ranged between 60 & 160 - '87-'97 - multiple splits in that period - fashionable then Went as low as 35 in '98 Apart from the big financial crisis plunge in 2009 - its been on the march ever since My spreadsheet calcs it could be 100 points higher next yr (650) so recent dip (500) was a bargain ATB LM
Hi Bean , please could you tell me when hills sp was at 64p, because I have owned some since 1991 and I can't remember them that low. I am not questioning you ,I am just annoyed I missed a chance to stock up. Thank you
Tom Elliot at DeVere (finance consultant) says in Independent (2/1/14): "..This engineering company that provides transport infrastructure has enjoyed strong rally in recent mths, partly due in anticipation of upturn in UK infrastructure spending. Strong management controls and a progressive dividend policy make this a long-term stock to own. He has an interest in it.
Ye men of little faith. I have followed this company for several years, my first purchase was at 64p and it’s been one of my best performers and over the last couple of years what a great run. So a tiny blimp in the half year results and the price falls by 7%, panic or what. The facts are; this company can often be involved in large projects and in this day and age these can get moved or delayed. The management has not changed and they are very good, as they have shown in the past, so what’s all the panic. It’s the half time results not the full year; the price is now moving back up, as it should do but it does made you wonder at some of the market makers.
Oh Boy, what a great run in out performing the market, at last this company and its management is getting what it deserves. I always set my sell price at £4 but I am now thinking it’s got a lot lot more to run. Infrastructure and galvanizing has got to be the way forward as the economy picks up especially in the Stats and this company if you look at its operating subsidiaries has got one or two real gems in there that must be like money machines. I agree Mogie. I am in to for the long term BUT at this rate it may be shorter that we both thought!!
Zigstock in Nov 2010 hit the very strong sell button - he must be kicking himself now. The latest results are excellent and at last the share price is starting to match the companies performance. With the great drive on 'growth', investment in infrastructure and related procducts are bound to grow. It maybe a nonsexy sector but its share price performace backed by what appears to be excellent management make this a stock to watch. What to others think HAS it got more to go as I think?
Outlook We have seen encouraging levels of demand in some of our markets producing a very good first half performance for the Group as a whole. There is greater evidence of the momentum experienced over the last twelve months, particularly in the USA and Asia, continuing throughout 2012. However, as previously reported there is reduced activity in the UK due to the Olympics, with new road projects not commencing until the final quarter of 2012. Furthermore, we remain cautious about the level of economic uncertainty within Europe. Accordingly, whilst our first half performance has been encouraging, the outlook for the full year's performance remains unchanged. We remain confident of further growth in the medium to long term, given the international diversity of our revenue stream and our excellent market positions.
Derek Muir, Chief Executive, said: "This has been a very encouraging six months for Hill & Smith, with our international spread, strong market positions and diverse portfolio of products and services serving us well in markets with mixed conditions. The end result was a performance ahead of our previous expectations. However, as previously reported there is reduced activity in the UK due to the Olympics, with new road projects not commencing until the final quarter of 2012. Furthermore we remain cautious about the level of economic uncertainty within Europe. Accordingly, whilst our first half performance has been encouraging, the outlook for the full year's performance remains unchanged."
Key points: · Group performance ahead of expectations · Strong organic growth from Infrastructure Products, particularly in Utilities, with underlying operating profit up 41% · Robust overall performance from Galvanizing Services, particularly in the USA, with underlying operating profit up 12% · Over 73% of operating profit now generated from international operations · Net debt decreased to £89.1m (31 December 2011: £103.8m) as a result of strong cash generation during the period · Underlying earnings per share up by 31% · Half year dividend increased by 7% to 5.8p per share
http://www.investegate.co.uk/Article.aspx?id=201208090700126358J
Collins Stewart downgrades Hill & Smith from buy to hold, target price cut from 380p to 266p.
Hill & Smith (HILS) retained its "buy" rating from Evolution Securities, with a target price of 400p. The broker is impressed with the safety barrier manufacturer's ability to expand internationally and notes that while UK sales accounted for 99% of revenues in 2006, it now represents only 45%. Evolution notes the particular importance of this development, as the firm has performed will in the US and France, but UK activity has remained subdued over the first half of the year. However, the broker adds that a number of its competitors have either withdrawn from the market or gone into administration, providing Hill & Smith with more contract wins.
Altium downgrades Hill & Smith from buy to hold, target price cut from 405p to 310p
Could someone explain why Hill & Smith are not in the FTSE250?
The Board of Hill & Smith announces that the Group has agreed to acquire, on a debt free cash free basis, The Paterson Group, Inc. and its related companies (together, "TPG") for US$45m in cash, to be financed from the Group's existing bank facilities.