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Hill & Smith - Shares gain 53% since May tip

October 2009

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 unexpected disclosure of improved trading conditions combined with a sharp reduction in debt were enough to send investors flocking back into Hill & Smith, which soared to a new high of 319p. Indeed, its results for the six months to 30 June were resilient enough with underlying pretax profit up 2% to Â£20.5m on revenues that fell 7% to Â£197m. Eps rose 9% to 18p but the big story was the Â£40m reduction in net debt to Â£106.1m thanks to strong cash flow. Hill & Smith's main infrastructure products division, which supplies road safety barriers, street lighting columns, variable road messaging signs and temporary car parks, saw an 8% rise in both turnover to almost Â£100m and underlying profits to Â£12m, with strong cos ...

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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

Hill & Smith - Shares gain 53% since May tip

October 2009

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