An excellent set of results confirms the solidity of the Group’s portfolio, particularly as FY15 included a loss making Pipe Supports element (non-US) which is now to be exited. Visibility for FY16 and beyond remains positive and superior to most industrial peers, whilst the Pipe Supports restructuring gives a further benefit. We have upgraded our FY16 forecasts by 7% and foresee another good year for the Group with further forecast upside potential. Given the visibility, we increase our price t ....
09 Mar 2016
Excellent results; strong upgrades
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Excellent results; strong upgrades
Hill & Smith PLC (HILS:LON) | 1,903 0 0.0% | Mkt Cap: 1,530m
- Published:
09 Mar 2016 -
Author:
Jon Lienard -
Pages:
4
An excellent set of results confirms the solidity of the Group’s portfolio, particularly as FY15 included a loss making Pipe Supports element (non-US) which is now to be exited. Visibility for FY16 and beyond remains positive and superior to most industrial peers, whilst the Pipe Supports restructuring gives a further benefit. We have upgraded our FY16 forecasts by 7% and foresee another good year for the Group with further forecast upside potential. Given the visibility, we increase our price t ....