Hill & Smith, the building and construction products group, is down over 50% this year reflecting the fall in engineering and construction stocks, and particular concerns over Hill & Smith’s exposure to galvanising services and the building and construction sectors.
However, a recent FT article - http://www.ft.com/cms/s/0/81b79de0-25f7-11de-be57-00144feabdc0.html - noted that the company is set to benefit from significant intended investment in the UK's road and rail routes. "Hill & Smith is installing 32km of road barriers on the M25 as work starts on the £5bn lane-widening scheme on one of Europe’s busiest motorways. The Birmingham-based company is a key supplier of steel highway barriers used on motorway projects, including a range of temporary and permanent barriers and crash cushions".
Sounds underpriced?
