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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hill & Smith

September 2022

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:
  • 1232p
As I flagged in my write-up the group is improving the quality of earnings by selling off its under-performing businesses. Latest to go is its loss-making Swedish rental business and US road traffic control portfolio, the latter for c. £61.5m, which will enhance group operating margin while the funds will be used to reduce debt.The group also issued solid half year results with sales ahead 12% to £350m, while operating profit rose 16% to £43.6m. Eps increased 13% to 38.7p. The group reported a £41.5m working capital outflow, reflecting investment in inventory and rising raw material costs.Galvanising services grew revenues 17%, while operating margins rose 0.9% to 25.3% as costs were passed on to customers. Engineered Solutio ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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