Slingsby (H C)

SLNG: 132.50 30.00 (▲28.57%)

Delayed:2017-08-18 16:57:04
Bid Price 120.00 High Price 170.50
Ask Price 150.00 Low Price 120.00
Open Price 105.00 Spread 22.22%
Prev Close 135.00 Volume 28,708.00

Slingsby (H C) Share Price Chart


Historic - 1 year

Slingsby (H C) Share Price Information

Name Slingsby (H C) Epic SLNG
Sector Industrial Engineering ISIN GB0008138009
Activites HC Slingsby plc's principal activities involve the supply and manufacture of a wide variety of commercial and industrial equipment, covering materials handling, storage, access, safety, security, packaging and despatch, cleaning, waste, food service and office fixtures. Security Type Equity

Key numbers

Latest Share Price (p) 135.00 Net Gearing (%) 93.55
Market Cap (£m) 1.05 Gross Gearing (%) 97.49
Shares in issue (m) 1.00 Debt Ratio 96.16
P/E Ratio -1.60 Debt-to-Equity Ratio 0.64
Divs per share (p) 0.00 Assets / Equity Ratio 39.84
Dividend Yield (%) 0.00 Price to book value 2.63
Dividend Cover 0.00 SROCE (%) -6.96
Earning per share (p) -65.60 EPS Growth (%) -49.77
52-week high / low (p) 317.50 / 20.00 DPS Growth (%)

Slingsby (H C) Broker Views

Date Broker Rec. Price Old target price New target price Notes

Slingsby (H C) Director Deals

Slingsby (H C) Company News

Slingsby swings to profit but remains cautious

Industrial and commercial equipment supplier H C Slingsby (SLNG) made a profit before tax of £100,000 in the six months to 30 June compared with a loss before tax of £400,000 the year before.

This was largely driven by a 7% increase in sales to £9.9m and reduced overhead costs.

The increase in sales was a result of changes made to the Slingsby marketing strategy and materials and from improved sales of Slingsby products sold through its subsidiary ESE Direct Limited.

Some of the overhead savings that were achieved were the result of synergies realised within the group.

The company said it remains cautious regarding the outlook due to anticipated lower levels of activity over the summer months and the volatility experienced in the recent past. Group net assets have increased to £0.7m at 30 June 2017 from £0.4m at 31 December 2016.

The board has decided not to declare an interim dividend.

At 9:03am: (LON:SLNG) Slingsby H C PLC share price was +47.5p at 95p

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FLASH: Slingsby swings to profit

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All resolutions passed at AGM of HC Slingsby

HC Slingsby has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.

At 1:27pm: (LON:SLNG) Slingsby H C PLC share price was +2.5p at 47.5p

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Slingsby's losses widen

H C Slingsby has reported an operating loss (before exceptional items) for the year to 31 December 2016 of £0.26m, compared to a loss of £10,000 last year.

Sales for the year were £18m (2015: £17.1m). Together with exceptional restructuring costs, the full year pre-tax loss was £0.7m (2015: £0.6m).

Group earnings before interest, depreciation and amortisation (EBITDA) in the year were £0.27m (2015: £0.52m) before exceptional items.

Net debt at 31 December 2016 is £1.7m (2015: £1.5m).

The group said the results contain the full year benefit of the ESE Direct acquisition which contributed £6.5m of sales (2015: £4.8m) and £0.2m (2015: £0.1m) operating profit.

At 1:08pm: (LON:SLNG) Slingsby H C PLC share price was 0p at 45p

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Slingsby reports volatile trading, drops interim divi

HC Slingsby said trading remains volatile, particularly so either side of the Brexit referendum, and management remains focused on realising synergies across the Group and on initiatives to improve the sales performance and our commercial proposition.

"In view of the trading performance, the Board has decided not to declare an interim dividend," said interim executive chairman Dominic Slingsby.

"Costs have also been reduced and the Group IT system is being installed at ESE," he said. "The Company has an obligation to fund its defined benefit pension scheme and contributions to this scheme totalled £500,000 in the 2015 calendar year, which were paid in equal monthly contributions.

"This, together with the scheme's running costs of approximately £160,000 per annum, represents a major commitment for the Group to meet.

"Since the vote to leave the European Union was announced and in common with many other schemes, the outlook for pension commitments has worsened and could lead to the Company paying an increased amount into the scheme in the longer term.

"Following this change of circumstances, the Company is working with the pension scheme trustee to look at options for a longer term solution to these pension commitments.

"Whilst this takes place, the Company has agreed with the trustee that it will suspend deficit reduction monthly payments to the scheme from 1 July 2016 until at least the end of the year. "The directors continue to search for a new Non-Executive director and are confident that an appointment will be made in the near future."

At 10:48am: (LON:SLNG) Slingsby H C PLC share price was 0p at 125p

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