image

The best stocks to buy since 1993

Latest issue now available

Billington

October 2024

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.

  • Epic Code:
  • BILN
  • Price:
  • 502p
Last year's very strong results had been boosted by £3m windfall gains from a falling steel price (Billington was able to wait to buy steel at a cheaper price), says CEO Mark Smith, so it was always going to be a tough ask to see Billington maintain profits this year. The latest H1 shows sales were £57m (down just 3% year on year), helped by continuing benefits from its capital investment and modernisation programme (now in year 4 of 5), which includes automation for handling the large meccano-like components of steel that form the skeletal frame for buildings and other previously manual processes such as cutting, shot blasting and drilling. A combination of these two factors, along with a different mix of work (a large warehouse ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe