Hill and Smith (HILS)

Sector:

Engineering

Index:

FTSE 250

1,956.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 1,964.00
  • 52 Week Low: 1,302.00
  • Currency: UK Pounds
  • Shares Issued: 80.32m
  • Volume: 63,712
  • Market Cap: £1,571.00m
  • RiskGrade: 132

Hill & Smith proposes £62m sale of France Galva

By Josh White

Date: Monday 25 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Infrastructure and transport engineering company Hill & Smith announced the proposed disposal of its French galvanising and steel lighting column operations, France Galva, for a net equity price of €72.6m (£61.51m) on Monday.
The FTSE 250 company said the business would be sold to a consortium of ZINQ France and Sofigalva.

It said the proposed disposal was expected to be immediately enhancing to the group's growth profile and operating profit margin.

French Works Council consultations and employee-related information processes would be required for the disposal, which would also be conditional on approval by Hill & Smith shareholders.

Subject to the receipt of "satisfactory" notifications and approvals, and assuming Hill & Smith decides to further consider the proposed disposal, completion and the receipt of proceeds was expected in the fourth quarter of 2022.

"The proposed disposal of France Galva is in line with the group's strategy of focussing our capital into higher growth markets," said executive chair Alan Giddins.

"While galvanising continues to be an important part of our long-term plans, we see the UK and US as offering better growth opportunities.

"The completion of the proposed disposal would provide the group with additional financial firepower to support our organic and inorganic growth ambitions and would serve the best interests of our shareholders."

At 0821 BST, shares in Hill & Smith Holdings were down 1.95% at 1,304p.

Reporting by Josh White at Sharecast.com.

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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.

 

Hill and Smith Market Data

Currency UK Pounds
Share Price 1,956.00p
Change Today 16.00p
% Change 0.82 %
52 Week High 1,964.00
52 Week Low 1,302.00
Volume 63,712
Shares Issued 80.32m
Market Cap £1,571.00m
RiskGrade 132

Hill and Smith Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.9% below the market average95.9% below the market average95.9% below the market average95.9% below the market average95.9% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average
Price Trend
84.23% above the market average84.23% above the market average84.23% above the market average84.23% above the market average84.23% above the market average
77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average
Income
68.47% below the market average68.47% below the market average68.47% below the market average68.47% below the market average68.47% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
36.07% above the market average36.07% above the market average36.07% above the market average36.07% above the market average36.07% above the market average
21.21% above the sector average21.21% above the sector average21.21% above the sector average21.21% above the sector average21.21% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hill and Smith Dividends

  Latest Previous
  Final Interim
Ex-Div 30-May-24 30-Nov-23
Paid 05-Jul-24 05-Jan-24
Amount 28.00p 15.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 488 @ 1,956.00p
16:35 25,094 @ 1,956.00p
16:35 1 @ 1,956.00p
16:35 14 @ 1,956.00p
16:35 167 @ 1,956.00p

Hill and Smith Key Personnel

CFO Hannah Nichols

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