Updates

Hill & Smith

November 2018

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.

The shares slid after weak interims, although the c.7% downgrade to eps probably didn’t merit the severity of the sell-off. For the six months ended June, revenues rose 1% to £295m but operating profit fell 11% to £35m, driven by a 1.6% reduction in operating margins to 11.7%.The roads infrastructure division, mainly temporary crash barriers on major roads, saw operating profit fall from £10.2m to £8.5m due to project delays caused by poor weather and delays in decision making due to Brexit. For obvious reasons a messy Brexit could make it worse, although management are optimistic no further delays will occur.Within the Utilities Infrastructure’s side (industrial flooring, plastic dra ...

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Hill & Smith - Results trigger eps forecast upgrades (May 2015)

Hill & Smith - Infrastructure products firm forecast to grow eps by 24% over two years (March 2015)

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Hill & Smith - Shares hit new high (June 2014)

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Hill & Smith - 76% of profit from outside UK (May 2013)

Hill & Smith - US utility markets strong (January 2013)

Hill & Smith - Eyes new UK roads contracts (November 2012)

Hill & Smith - Expansion into utilities and power generation sectors heralds new era (July 2012)

Hill & Smith - Infrastructure side still buoyant (January 2010)

Hill & Smith - Shares gain 53% since May tip (October 2009)

Hill & Smith - Sharp fall in net debt (August 2009)

Hill & Smith - CEO buys another 50,000 shares (July 2009)

Hill & Smith - Main markets in transport infrastructure nicely protected from recession (May 2009)

Hill & Smith - Acquisition strengthens US business (October 2008)

Hill & Smith - Supplier of transport infrastructure products enjoying strong growth (April 2008)

Hill & Smith - Shares soar above £4: a new high (October 2007)

Hill & Smith - Trading ahead of budget (June 2007)

Hill & Smith - Increases Zincinvent stake (April 2007)

Hill & Smith - Health & safety boosts transport (March 2007)

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Hill & Smith

November 2018

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