Slingsby H.C (SLNG)

Sector:

Engineering

 65.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 97.50
  • 52 Week Low: 65.00
  • Currency: UK Pounds
  • Shares Issued: 1.00m
  • Volume: 0
  • Market Cap: £0.65m

Slingsby board still cautious after improvement in trading

By Josh White

Date: Tuesday 19 Jun 2018

LONDON (ShareCast) - (Sharecast News) - Industrial and commercial equipment distributor HC Slingsby updated the market on its trading for the five months ended 31 May on Tuesday, as its investors gathered for its annual general meeting.
The AIM-traded firm had reported in its annual results for the year ended 31 December that group sales were 6% lower in the three months to 31 March, as it faced strong comparatives in 2017 due to several large orders delivered in that period.

On Tuesday, it said group sales in the five months to 31 May were 1% lower than in the prior year, following stronger-than-prior year sales performances in April and May.

"Although the group has slightly improved the level of gross margin in the five months period to 31 May, overheads have increased slightly and as a result profit before tax in the five months is marginally below the comparable last year," the board said in its statement.

"However, disappointing levels of order intake across the group so far during June lead the directors to remain cautious regarding the outlook for the results for the six months to 30 June."

Slingsby had net debt of £1.4m at 31 May, compared to £1.8m a year earlier.

The group said it was continuing to operate within its existing banking facilities, with additional funding options available should the need arise.

"Uncertainty remains regarding the quantum and timing of future payments to the defined benefit pension scheme," the board noted.

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

 

Slingsby H.C Market Data

Currency UK Pounds
Share Price 65.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 97.50
52 Week Low 65.00
Volume 0
Shares Issued 1.00m
Market Cap £0.65m

Slingsby H.C Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.52% below the market average44.52% below the market average44.52% below the market average44.52% below the market average44.52% below the market average
37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average
Price Trend
21.67% above the market average21.67% above the market average21.67% above the market average21.67% above the market average21.67% above the market average
46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average
Income Not Available
Growth
18.27% below the market average18.27% below the market average18.27% below the market average18.27% below the market average18.27% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% 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 --2020

Time Volume / Share Price
0 @ 0.000p

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