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Billington

June 2020

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.

Billington provides structural steel and safety solutions to the construction industry. During the month the company released barnstorming full year results to 31 December with sales +36% to a record £104.9m, pretax profit +20% to £5.9m and eps +19% to 39.8p. Robust working capital controls resulted in Billington exiting the year with net cash of £16.4m, up from £7.6m. According to WH Ireland, it benefited from the favourable timing of some client customer payments, and other temporary timing related flows, and as such a truer underlying net cash position was c. £12m.Structural Steel has continued to benefit from larger awards across multiple diversified sectors and geographies, including pr ...

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Proactis

Future

Billington (October 2024)

Billington (May 2024)

Billington (May 2022)

Billington - Profits ahead of expectations (January 2020)

Billington - Record order book for structural steel supplier despite Brexit uncertainty (August 2019)

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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