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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Hill & Smith - Main markets in transport infrastructure nicely protected from recession

May 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
Sometimes, even the most prosaic business can turn out to be a fantastic money spinner and this is exactly the case with Hill & Smith, which supplies transport infrastructure products such as safety barriers, lighting poles and variable road messaging signs. Following a change of management in the late 90s the firm refocused away from low margin building products and towards the infrastructure sector, where healthy Government spending on major roads has been the backbone behind a more than ten-fold rise in operating profit from £4.6m to £47.4m in the past eight years. Concerns about its borrowings have weighed on its shares in recent months but the group is extremely cash generative with earnings before interest, tax, deprec ...

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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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