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FWIW, I’ve bought some shares in this today to be as fully invested as I can. My purchase is not showing yet. I doubt I will contribute much as infrastructure, like cardboard boxes is dull but necessary.
Well, that was ill-timed. Mr Market did not like the update.
Might dip a further toe tomorrow as a day trade. It should recover quite quickly as the fundamentals are still sound.
Nd
Sadly, I am fully invested.
Laying some cards on the table, I have been around for many years. This is my 3rd incarnation (The Trodlodyte on II, Erogenous Jones from ADVFN preceded me), but my style has not changed.
I seek capital growth and any dividend thrown off is a bonus. I try to research as best I can the companies in wich I have interest. HILS is of appeal and the fundamentals have not changed since my purchase, though what has changed is news. The news is flat and that is fine with me. Had I some spare cash, I would happily add to my holding.
I like the approach that the managers adopt in their focus on higher margin work over lower stuff. Business in US will be brisk as Mr Biden has his infrastructure program passed through Congress. It will translate to turnover in the months ahead
It certainly caught me by surprise today. However, with a little deeper analysis it seems there is concern over dividend cover at current margins and not faring so well in comparison to market peers. At 1725 is I was tempted to top-up in the dip, but as the weakness continued late into the afternoon session, I held off. Tomorrow morning will be interesting...
Got a few at 1,589. Let's see how the day unfolds.
Nd
Unfortunately that should read 1689. Heigh ho.
Nd
Me too. Surely it'll recover from the precipitous drop as it's a good company whose services will always be needed.
Bought another chunk on 21st following the sale of half my holding in MTE. Time will tell the wisdom of this, but this is a well managed company with down to earth managers. Price paid was 17.31052
One of the subsidiaries is having a real nightmare all customers on 6-8 week delivery was 10-days losing Customers fast i wont be dipping any toes !
Are you able to expand on that Waltz, perhaps with a link to any news? Do you think that's the reason for the sharp sell-off? I am scratching my head because I always assumed this was a slow and steady share, but it's being hammered like its a small-cap, growth, high PE one.
riverbliss, I am in housing and the reputation is shocking staff really down being treated like crap. And in times when the industry is booming no links as they wouldn't want it to get out . I understand they lost a big stockist not that they could supply them ! Sop my money is staying away for this one for the time
Well have just spoken to said subsidiary, Chasing product. Two more staff leaving no plans to replace, FD leaving as well. MD's last company was a bit of a failure they understand. That was answer when i asked what he was doing about the issues. i have been waiting for product since october and still no sign of a delivery date ! Keep feet dry would be my advice
I have had a much more positive experience with HILS in my business dealings (highway infrastructure) they are still the goto company for quality, price and delivery, Cant speak for other divisions but ive always found this part of the business to be very capable, hence my investment here. As previous poster mentioned, they are dull but neccessary, not expecting fireworks but slow and steady increase in sp and divi.
I think the main body of the group is stable, This one would seem not with outstanding orders at a record high and since my last post even more key staff have/are leaving. They are not being replaced and this will have a huge impact When the market changes to a less demanding housing sector. The bottom line is that they are only doing well because the demand is there and this it so unless they offload the subsidiary then it will knock a large hole in the proffits! Plus the FD is also leaving ! (so i am told )