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Hill & Smith - Eyes new UK roads contracts

November 2012

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.

A gentle rise in the shares was accompanied by strong interims with revenues rising 15% to Â£224m, making for a 28% rise in underlying pretax profit to Â£20.8m. Eps went up 31% to 19.7p while net debt fell from almost Â£104m last December to Â£89.1m. Management's strategy to expand overseas is working with 73% profits now international, including 47% from the USA alone. In infrastructure products, revenues jumped 30% to Â£161m, while operating profit soared 41% to Â£10.6m. Its US businesses, V&S Utilities and Creative Pultrusions (glass reinforced plastic) again powered ahead driven a buoyant utilities market, which is benefiting from long awaited upgrade to the USA power grid, together with the requirements for the grid to co ...

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Hill & Smith - Eyes new UK roads contracts

November 2012

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