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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hill & Smith - 76% of profit from outside UK

May 2013

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:
  • 420p
Hill & Smith's transformation into an international business is almost complete with final results for 2012 showing 76% of profits coming outside the UK, including 50% from the USA. Results themselves showed turnover rising 8% to £441m, while pretax profit increased 39% to £35.2m. Eps was up 12% to 38.9p, while strong cash generation drove net debt down from £104m to just under £87m. Infrastructure Products, where turnover rose 16% to £320m but operating profit fell 6% to £18.7m, was a mixed bag with roads (supply of safety barriers, gantries and lighting columns) suffering a 37% profit drop to £5.7m due to the Olympics as well as technical issues (now rectified) concerning a new lightweight gantry design. More p ...

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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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