marktime1231
22 Jan 2020
Billington knocking on 400p BILN shares changing hands at 400p+ this morning, following news on Monday that Ruffer has increased its stake to over 5%, presumably they are the main buyers of the shares being offloaded by the Schmil family trust (Gutenga) who I think still hold around 40%. And BILN sp still pretty cheap at 400p I think. An anticipated dividend of 15p this year, covered more than 2x by earnings, would be a yield of 3.75%. Market cap only £51M but the pre-close trading update in Dec said 2019 turnover will be more than £78M and profit more than £5.2M. No real finance debt to speak of and increasingly healthy cash in hand up to maybe £10M. What would you do with that surplus? How is the market for structural steel design, make and build? Certainly no worse than it has been the last three years while BILN has grown steadily. Actually make that five years. Announcements of new business would be a poweful market mover. So depending on outlook BILN might be good value up to 500p, whether for its safety buffer or the potential for enhanced shareholder returns. Ruffer is better known for its hedging and value conservation. It must be impressed by the solid performance and financial strength. Others now alerted to the value in BILN?
smilingmickey1
27 Mar 2018
A fine set of results! Life must be uncertain re the future supply/pricing of steel, but Billington have in the past year significantly raised revenue, profits and divi and seem well positioned to remain competitive in their various businesses.
smilingmickey1
07 Mar 2018
Waiting for the share price to catch up with events The results to be published at the end of March will surely see increases in the EPS to a point where the PE ratio of the Company which is increasing sales and profits by more than 20% per annum will fall to around 8 (if there is no movement in the share price.) I'm guessing the divi will be increased to a level where it will be at least 4% plus based on the current share price.So I'll either be left with an undervalued stock providing a handsome dividend, underwritten by healthy balance sheet or (preferably) a stock whose price is moving higher as the market cottons on to its potential. SM
smilingmickey1
21 Sep 2017
What's not to like? Interim results issued earlier this week gave a very good growth in profit, revenue and cash.The Company is sitting on a forward PE ratio of less than 10, with a well covered historic div yield of around 3.5%. According to the report outlook seems very promising. What's not to like? Well the Company is involved with processing of steel into complex shapes, which some investors may consider is a bit old hat. However unless building technology changes we will still need metal supported structures, stairs, road crash barriers etc and these guys seems to have the knack of delivering good products at competitive costs.SM
Haggis48
21 Jul 2017
dividend Anybody having problems with receiving dividends from this company? I have been waiting two weeks (due 7/7)
mcescher
28 Mar 2016
Thoughts on Billington Holdings I am researching Billington Holdings, it looks like good value on here: [link]
II Editor
06 Jul 2015
NEW ARTICLE: Further to go in this 600% rally? "Improvements to LSE:BILN:Billington Holding's financial foundations should drive earnings growth way above market expectations in 2015, underpinned by better market conditions. The brighter outlook has triggered City upgrades, but shares in the ..."[link]
