Primary Recommendation

Billington - Record order book for structural steel supplier despite Brexit uncertainty

August 2019

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.

I have to confess I was surprised that I had not come across Billington until my meeting with the company last month. Billington’s mainstay is the design and fabrication of structural steel, making it like larger quoted rival Severfield PLC (SFR; 65.5p), which I first looked some 10 years ago.The reason I didn’t know about it was that for years the business was buried inside the conglomerate known as AMCO. In 2008, AMCO ended up selling all its non-core operations, which comprised construction, manufacturing and property investment and development businesses, to private equity and Billington was adopted as the name for the remaining structural steel and engineering parts.Billington has just announced a record set ...

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Staffline - After the dust settles...PE of 3.6

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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.

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