Slingsby H.C (SLNG)

Sector:

Engineering

 190.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 270.00
  • 52 Week Low: 145.00
  • Currency: UK Pounds
  • Shares Issued: 1.05m
  • Volume: 3,123
  • Market Cap: £2.00m
  • RiskGrade: 118
  • Beta: 0.01

Slingsby hit with 'significant cost increases' across product range

By Iain Gilbert

Date: Wednesday 09 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Industrial and commercial equipment distributor Slingsby warned on Wednesday that it had continued to experience "significant cost increases" across its product range as well as higher shipping costs and delays.
Slingsby said on Wednesday that group sales in the three months ended 31 March were up 8% year-on-year, offsetting the impact of a fall in group gross profit margins and also leading to a flat unaudited pre-tax profit of £100,000.

However, for the four months to 30 April, sales were up 6% but the AIM-listed group cautioned that the downward trend in gross profit margins meant that pre-tax profits remained at £100,000 - short of the £200,000 reported at the same time a year earlier.

Slingsby stated the market was still "competitive" and that it was "cautious" regarding the outlook, principally due to the "significant uncertainty" caused by Covid-19.

"Whilst the group's sales grew in 2020 due to demand for coronavirus-related products, the group has not experienced the same level of orders in April and May 2021 that it did during 2020. It is unclear as to the impact that the virus will have on demand going forward," said Slingsby.

"The group continues to experience significant cost increases across its product range as well as higher shipping costs and delays. These increases impacted on gross margin in the first four months of 2021 and the directors consider the impact on gross margins is likely to persist for the remainder of the year."

As of 0850 BST, Slingsby shares had slumped 25.93% to 200.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Slingsby H.C Market Data

Currency UK Pounds
Share Price 190.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 270.00
52 Week Low 145.00
Volume 3,123
Shares Issued 1.05m
Market Cap £2.00m
Beta 0.01
RiskGrade 118

Slingsby H.C Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.78% above the market average73.78% above the market average73.78% above the market average73.78% above the market average73.78% above the market average
51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average
Price Trend
31.56% below the market average31.56% below the market average31.56% below the market average31.56% below the market average31.56% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income Not Available
Growth
74.54% below the market average74.54% below the market average74.54% below the market average74.54% below the market average74.54% below the market average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average

Slingsby H.C Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Jun-15 04-Dec-14
Paid 06-Jul-15 02-Jan-15
Amount 4.00p 2.00p

Trades for 07-Dec-2021

Time Volume / Share Price
13:04 3,123 @ 145.00p

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