Updates

Billington

May 2022

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, which provides structural steel and safety solutions to the construction sector, has reported FY21 results showing it’s on the way back, albeit slowly. Sales were up 25% to £82.7m year on year but it saw headwinds including significant steel and energy price rises and like many in construction, it struggled to deliver contracts that had been tendered for some time ago before the current inflationary pressures materialized - this has seen several rivals collapse. Billington has therefore done well to eke out a profit, which before an exceptional provision arising from a client contractor going under was down 23% to £1.3m, for eps of 8.1p. Although prices remain volatile, Billington has stockpiled enough steel to protect contra ...

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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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