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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hill & Smith - CEO buys another 50,000 shares

July 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HILS
  • Price:
  • 206p
In a reassuring update Hill & Smith noted that trading in Q1 remained in line with expectations, with continued strength in the infrastructure products division offsetting weakness in the two smaller divisions. Net debt fell £5.4m to £146m and some of its floating rate debt has now been fixed at attractive rates. The infrastructure side has seen healthy demand for both steel and wire rope safety barrier systems and for bridge parapets. In May it commenced the deployment of 32 km of Variogard (safety barrier) on the M25 widening project, which should stimulate strong rental demand through to completion in 2012. Meanwhile there is further significant work for the M1 widening and M6 Birmingham traffic management scheme. Elsewhe ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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