The slowdown in the UK road business in the year to date has pushed the group into marginally negative organic trends territory (under 1%). Whilst our full year forecasts are unchanged, seasonality will be skewed to the second half; consequently, earnings are likely to be down in H118 (Arden estimate -5%). We, therefore, expect the shares will “pause for breath” following a good run as this reliance on a strong H218 period may impact sentiment short term. However, we would be buye
17 May 2018
AGM trading update
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AGM trading update
Hill & Smith PLC (HILS:LON) | 1,953 0 0.0% | Mkt Cap: 1,569m
- Published:
17 May 2018 -
Author:
Ben Thefaut -
Pages:
3
The slowdown in the UK road business in the year to date has pushed the group into marginally negative organic trends territory (under 1%). Whilst our full year forecasts are unchanged, seasonality will be skewed to the second half; consequently, earnings are likely to be down in H118 (Arden estimate -5%). We, therefore, expect the shares will “pause for breath” following a good run as this reliance on a strong H218 period may impact sentiment short term. However, we would be buye