task29 Nov 2017 10:01
Hils the road infrastructure company,Ive looked at forecasts and current share news,it looks like a buy from fundamental basis and I think that will be the long term price trend.It has been as high as 1480p in May so 1332p now doesnt look expensive.Nice progressive dividend
22/11/2017
"We continue to expect a ramp up in activity towards the end of the first quarter in 2018 and for utilisation to improve on 2017," the company said.
On the upside, restructuring of the variable message signs business has proceeded to plan with trading in line with expectations, while demand for other road furniture "remains strong", such as for hostile vehicle mitigation security bollards, bridge parapets and lighting columns. Furthermore, trading in Australia was said be ahead of expectations, while USA and Sweden delivered "good results".
UK utilities saw reduced volumes from the solar frame business, the US utilities businesses performed well and has been bolstered with the acquisition of a manufacturer of modular, high-efficiency cooling towers; US pipe supports saw lower volumes and lower profits; while Indian pipe supports business enjoyed strong demand ahead of expectations.