The interim results provide evidence of a post pandemic recovery and normalisation of demand, resulting in improving profitability with management coping well with steel price fluctuations. With greater confidence in prospects backed by a robust order book gained at better margins the Board indicates it expects the full-year result to be ahead of expectations. As such, we upgrade our EPS forecast for FY22 by 31.5% and by 29.7% in FY23. We raise our price target from 270p to 320p, keeping our mod ....
27 Sep 2022
Billington Holdings - Good H1 progress with stronger H2 and 32% EPS upgrade
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Billington Holdings - Good H1 progress with stronger H2 and 32% EPS upgrade
Billington Holdings Plc (BILN:LON) | 515 154.5 6.2% | Mkt Cap: 66.6m
- Published:
27 Sep 2022 -
Author:
David Buxton -
Pages:
9
The interim results provide evidence of a post pandemic recovery and normalisation of demand, resulting in improving profitability with management coping well with steel price fluctuations. With greater confidence in prospects backed by a robust order book gained at better margins the Board indicates it expects the full-year result to be ahead of expectations. As such, we upgrade our EPS forecast for FY22 by 31.5% and by 29.7% in FY23. We raise our price target from 270p to 320p, keeping our mod ....