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Pin to quick picksBillington Share News (BILN)

Share Price Information for Billington (BILN)

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Share Price: 529.00
Bid: 520.00
Ask: 538.00
Change: 9.00 (1.73%)
Spread: 18.00 (3.462%)
Open: 520.00
High: 529.00
Low: 520.00
Prev. Close: 520.00
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Signs of upturn for Billington

Tue, 15th Mar 2011 11:23

AIM-quoted structural steel supplier Billington Holdings has reported lower revenues and profit for 2010 but there is hope for the longer-term. Management says that there are signs of an upturn in the structural steel market but margins are coming under continued pressure. Revenues from continuing operations slumped from £57.2m to £42.3m in 2010, mainly due to lower structural steel revenues. Pre-tax profit slumped from £5.34m to £1.37m. Many of the contracts fulfilled in the period were gained when margins were better but these have been worked through and more recent contracts are at lower margins. Group revenues are likely to grow this year but margins are coming under even more pressure. Steel costs are rising which is putting even more pressure on margins. The new tubular steel business has done even better than expects. There is less competition in this area because of the complex and small nature of contracts. The easi-edge steel barrier edge protection systems supplier continues to add to its market share and it has developed a similar product for timber structures. The business is investing in more systems to rent to customers and it is opening a new depot in Bristol. The interim dividend was cut from 3.25p a share to 2.75p a share and there is no final dividend. It is possible that there will be no dividend in 2011 because Billington wants to conserve its cash. Net cash has fallen from £8.49m to £4.85m in the year to December 2010. There is a small pensions surplus at the end of 2010. New house broker WH Ireland forecasts a small loss for 2011.
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15 Apr 2015 14:15

Billington Holdings wins contract to build Next's warehouse

Steel and construction safety group Billington Holdings has won a contract to build a distribution warehouse in Doncaster for fashion retailer Next. The warehouse will cover one million square feet and will include a four-storey office structure and link bridge, the AIM-listed company said. The con

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15 Apr 2015 06:55

Billington Subsidiary Wins Next PLC Warehouse Construction Deal

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24 Mar 2015 10:08

Billington To Pay First Dividend Since 2010 As Profit Doubles

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11 Feb 2015 15:28

Billington jumps after announcing full-year results will be above expectations

Structural steel and construction safety company Billington Holdings said its full year results will be above expectations thanks to an improvement in performances during the last six months of 2014. In a trading update released on Wednesday, the group said it will publish its full year results for

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11 Feb 2015 09:17

Billington 2014 Financial Results To Be Ahead Of Market Expectations

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6 Nov 2014 09:27

Billington Promote COO Smith To CEO As Fareham Moves Up Retirement

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9 Sep 2014 08:59

UPDATE: Billington Holdings Confident For Full-Year Ahead Of Expectations

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9 Sep 2014 08:48

Billington Holdings Confident For Full-Year Ahead Of Expectations

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3 Jul 2014 09:06

Billington Holdings CEO Set To Retire In June 2015

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29 May 2014 09:48

Billington Names Mark Smith As Group Chief Operating Officer

LONDON (Alliance News) - Billington Holdings PLC, the structural steel and construction safety specialist, said Thursday that it has appointed Mark Smith as Group Chief Operating Officer, with immediate effect. Smith was previously London operations director of a large structural steelwork

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14 May 2014 15:55

DIRECTOR DEALINGS: Billington Holdings Chief, Non-Executive Buy Shares

LONDON (Alliance News) - Billington Holdings PLC Wednesday said Chief Executive Stephen Fareham and non-executive Director John Gordon both bought 603 shares at a price of 120 pence per share. Following this transaction, Fareham and Gordon hold 17603 and 357,270 shares, respectively.

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25 Mar 2014 15:11

Billington Holdings Swings To Pretax Profit As Restructuring Pays Off

LONDON (Alliance News) - Billington Holdings PLC Tuesday said it swung to a pretax profit in 2013 as cost cutting lifted margins and offset a decline in revenues, and the company said it entered this year with its strongest order book for five years relative to its output capacity. Billingt

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25 Mar 2014 10:10

Billington Holdings swings to annual profit

Construction materials company Billington Holdings swung to an annual profit, following a turnaround of the steel business. The group achieved a pre-tax profit of £929,000 in the year through December 2013, compared to a pre-tax loss of £133,000. The structural steel business, which accounts for

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30 Jan 2014 11:16

Billington Holdings Says 2013 Results To Be Ahead Of Market Expectations

LONDON (Alliance News) - Structural steel and construction safety solutions specialists, Billington Holdings PLC Thursday said its results for the year ended December 2013, will be ahead of market expectations. In September the firm said it swung to profit in the first-half after an increas

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10 Sep 2013 09:01

Billington Swings To Pretax Profit On Increase In Work In Progress

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