08 Mar 2017
N+1 Singer - Hill & Smith Holdings - Upgrades… and potential for more
Another strong year is signified by a 28% increase in the dividend. FY17 should also be another positive year for HILS’ portfolio of businesses, hence our forecast upgrades this morning, but FY18 could be even better as large projects and, potentially, stimulus programmes kick in. We feel that our forecasts could be conservative, with upside potential from general momentum, currency (forecasts at $1.30:£1) and accretive M&A (5 acquisitions were made in FY17), and feel that HILS has as bright an ....
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N+1 Singer - Hill & Smith Holdings - Upgrades… and potential for more
Hill & Smith PLC (HILS:LON) | 1,953 0 0.0% | Mkt Cap: 1,569m
- Published:
08 Mar 2017 -
Author:
Jon Lienard -
Pages:
4
Another strong year is signified by a 28% increase in the dividend. FY17 should also be another positive year for HILS’ portfolio of businesses, hence our forecast upgrades this morning, but FY18 could be even better as large projects and, potentially, stimulus programmes kick in. We feel that our forecasts could be conservative, with upside potential from general momentum, currency (forecasts at $1.30:£1) and accretive M&A (5 acquisitions were made in FY17), and feel that HILS has as bright an ....