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JLH John Lewis Of Hungerford Plc

1.35
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
John Lewis Of Hungerford Plc LSE:JLH London Ordinary Share GB0004773148 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.35 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1.00 1.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.35 GBX

John Lewis Of Hungerford (JLH) Latest News

John Lewis Of Hungerford (JLH) Discussions and Chat

John Lewis Of Hungerford Forums and Chat

Date Time Title Posts
15/4/202408:15JLH with Charts & News412
06/3/200916:38John Lewis of Hungerford (not John Lewis Plc !!!)173
16/8/200811:30John Lewis of Hungerford a dog overampped18
22/10/200717:18JLH24
29/5/200711:17ill-timed expansion.Future problems?118

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John Lewis Of Hungerford (JLH) Most Recent Trades

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John Lewis Of Hungerford (JLH) Top Chat Posts

Top Posts
Posted at 02/1/2024 09:22 by macleod_muller
any news on what is happening on the share buy up
Posted at 07/8/2023 09:35 by graham1ty
Macleod, the company has undertaken to launch a tender offer in the autumn. They cannot do this until they have a new set of audited accounts, which will be Sept/Oct. They then have to apply to the Courts to adjust their share capital.

Shareholders should all be contacted in Oct/Nov with details of the Tender Offer, the price, and how to apply.
Posted at 10/6/2023 13:25 by nico115
I added substantially at 1.05 Bought into 2 delisted companies IBpo and JlhHope I don't need liquidity any time soon : (
Posted at 08/6/2023 12:40 by davidosh
The market makers are really making out like bandits.

If anyone wants to sell and cannot wait then my broker has an order in at 1.10 so just message on here and I will arrange for your sale to be completed at that price.
Posted at 08/6/2023 12:35 by kash_
Exactly. I'd buy their shares at that price given the chance!
Posted at 11/5/2023 15:48 by davidosh
Just copying this from Paul Scott's morning report and I totally agree....Well done to the board in providing a good solution for all shareholders...

John Lewis of Hungerford (LON:JLH)
Down 9% to 1.35p

Market cap £3m

Delisting, sale & leaseback of property

A very sensible announcement, explaining why this £3m mkt cap tiddler thinks the costs (£250k) of keeping its listing are not worth it. I completely agree, and never understood why this small upmarket kitchen seller was listed in the first place!

Also, it's doing a sale & leaseback on a £3m property, and paying down an expensive £1m loan, an interest saving which will largely offset the new rent payable. That also makes complete sense to me.

A tender offer for up to 10% of the company's shares will be made available, and an intention to do more in future, once it's a private company. In my opinion this all makes total sense, and looks a fair way to exit the market. Note that shares have recovered from recent lows, so the exit price c.1.5p is OK I think. Also there will be a matched bargain facility set up for shares in the private company to be bought or sold. We need to see more tiny companies leave the public market, there is no sense in keeping shares like this on a public market. Shareholders here should be thanking the Directors for handling this in an orderly way, confirmed with only a 9% drop in share price today, whereas a delisting announcement usually causes a 50% instant negative market reaction, as people rush for the exit.
Posted at 30/3/2023 16:58 by graham1ty
Solid results. £12.3m of orders in the year would smash records, though it might not all fall as revenue this year. Now JLH has got to concentrate on margins, as it really should be making profits at that level.

It does suggest that this year should be more profitable than last. And does state: “As we move through FY23, we continue to celebrate 50 years of John Lewis of Hungerford, with confidence that the Company can achieve sustained profitability”

Shareholders should congratulate the Board and look forward with confidence
Posted at 20/1/2023 12:15 by graham1ty
Very good AGM and reassured on most fronts. JLH was never profitable sub £10m revenue, but that level now seems sustainable. Marketing has been hugely successful and the order book is as strong as it has ever been. The factory is in better shape, operationally transformed and a month of £1m revenue will not overwhelm them ( as it has in the past).

The focus now has to be on margin and “better” sales. JLH know that the product is quality, and clients are queuing up. Revenue is not the issue, it is converting it into sustainable profitability.

There was no trading statement at the AGM, but I hope they will update once they have a better feel for 1H revenue ( to Dec 31st just gone). With the £2m carried over from last year, it is inconceivable, given announcements to date, that revenue will be below last year, and hopefully well ahead. If that means 1H was profitable, it will be the first 1H profit in living memory and bode well for the full year.

A few years ago, JLH was a basket case, and possibly/probably going bust. If they can refinance the onerous loan they have at the moment, that would add another nice boost to the bottom line. The revaluation of the factory has added £600,000 to NAV (which is 0.3p per share, not reflected in the share price at all).

Hopefully in the next year or two, JLH will be valued as a financially sound, asset backed, profitable business. The options kick in at 3p, so management have every incentive to continue the recovery of JLH.

Well done, Board.
Posted at 16/12/2022 17:59 by graham1ty
The last trading update was March I think. Nothing since then ( and yes, that is far, far too long to have no updates). If that is right, then the Covid affected period was after the update, as it says 4Q. While it greatly affected that period, it was obviously not serious enough for any profit warning before or after the year end ( June 30).

What they did say in March was “Given the current levels of market fluctuations impacted by the unfolding global uncertainties, the Board remains cautious regarding any significant disruption to our production and logistics capabilities. The Company remains confident that the resilience in the order book would mean that any in-year disruption for this financial year FY22, would move a portion of the profits into the next financial year FY23 reporting period.“

So,they did not announce a delay, but said that disruption would push profits into next financial year: so either very honest, or very prescient. It happened. Had there been no disruption, and revenue had been £12.3m, then profitability might have been substantially higher.

At the AGM I want to ask about this year and the comparatives. It would seem fair to deduct c£2m from this year comparatives as that is held over from last year. But does that mean they should do £10m plus £2m held over= £12m, or might they do £12m plus £2m as “matching last year” might be said to be underlying £12m with the £2m carry over ?? If you look at the statement “Dispatched sales, forward committed orders and future orders against which a first stage deposit has been taken, stood at £8.6 million (2021: £7.4 million)” how is that affected by the £2m carry over ? Does that mean that “new business” ( ie net of the £2m) is £6.6m, down on last year ? I know I am overanalysing, but in all comparatives, I want to know if “ahead of last year” means ahead of £10m or ahead of £12m ? If the run rate is only £10m, add in the carry over, and you still get a 20% increase ( if you follow)

Anyhow, anything over £10m revenue should bring profits well ahead of last year ( without any more non recurring costs). And with £2m banked early, and the £8.6m quoted above, it does look as if JLH is doing pretty well

I hope
Posted at 16/12/2022 16:17 by graham1ty
First, profit before non recurring costs was well ahead at £166,000. Now you can argue about all the myriad adjustments companies make, but if it was genuinely “non recurring” then profits were ahead.

Secondly, the RNS refers to the COVID issues and c£2m of revenue slipping back into 2023. Again, you may chose to ignore that £2m ( it will just reappear in next years interims). However if ( you may say: big if) it had been in this years figures, that would have given another c£900,000 of gross profit. As costs were already covered, by the announced figures, that would have all dropped down to the bottom line.

With rosy coloured specs on, you have a large increase in revenue, margins steady, and indications of what profits might have been. We are told that this year is ahead of last year, so one could suggest that a level of profit well above current levels is achievable. Now, no one got rich on profits “that might have been” and we need to see real, reported profits. However, the results do indicate that things could be materially above current levels. JLH always suffered from lack of scale, and the move above £10m revenue is very welcome.

Lastly, though these reported numbers are below where they might have been, they “underwrite221; a certain amount of next years. Yes, still uncertainty, and lots of economic worries, but an advantage of these results being so late, is that they can give a trading update for over 5 months of this reporting year, and that indicates they are already ahead.

Depends if you want to believe in them or not !
John Lewis Of Hungerford share price data is direct from the London Stock Exchange

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