||EPS - Basic
||Market Cap (m)
|Household Goods & Home Construction
Headlam Share Discussion Threads
Showing 326 to 348 of 350 messages
|‘There are no problems with Tony’s or the company’s health.’
That knocks #184 on the head, then!
|Whose strategy will be proven right - is the ?|
|Appreciated Jim, I wondered was there a disagreement re strategy
nteriors Monthly can exclusively reveal the reason why Tony Brewer, former Headlam group chief executive departed from the country’s largest flooring supplier.
Sources have told Interiors Monthly that the company’s non-executive directors were not satisfied with the information from Brewer on its future strategy and asked him to step down.
Since Brewer, who left the group on 14 September after 16 years as group chief executive and 25 years as an executive director, parted ways several rumours have been in circulation regarding the reason for Brewer’s departure.
‘There was a difference of opinion of the strategy going forward,’ said a source, speaking on the condition of anonymity.
‘The non-executive directors – who are there to ask questions on strategy – were not satisfied with the information as to why things were being done,’ said another source.
‘There are no problems with Tony’s or the company’s health.’|
|I missed the announcement of CEO change (not in UK at mo) but it doesn't read to me like anything untoward and they say suitably warm things about him. Health issue, maybe?|
|If some institutions decide to sell down a little, as per the recent RNS,
the share price can move quickly lower IMV.|
|Bought a small amount.|
|That's a positive sign of confidence. A chunk of change as well, not sure why he didn't own any prior to his elevation though given his seniority?|
|Looks like the new CEO has bought 50,000 shares|
|Well can understand that, if they gave a reason it may have been
No director buying?.|
|I sold 2/3 yesterday and the final chunk today, I like the metrics and the business but always sell if a longstanding CEO quits "with immediate effect" & no further explanation is given. The temptation of the new CEO ( even an insider) is always to flush through any bad news that may or may not be there and "reset expectations" to give themselves wriggle room and well priced options. HEAD actually looks the exception to that but I'm not willing to take the risk, low though it is , when I've other homes for my funds.
|No prior notice of the CEO going, it looks with immediate effect unless
I misread the statement?.|
|Brewers gone then after stripping the shelves bear and riding into the sunset with his saddle bags bulging.Hmmmm|
my retirement fund
|Also very good numbers at AIEA Airea this morning, similar sector.|
|Tony Brewer's salary is a whopping £1,134,000 and that is before telephone digit pension contributions and expenses.
Disgusting ! I've taken profits and sold !!!!|
my retirement fund
|IC gave Headlam a Buy highlighting its income attractions.|
|It is not the number of individual distribution businesses that
catches my eye, it is the structure which supports them-
National and then regional hubs, complimented by area service centres.
The sales staff make a huge amount of customer visits each year,
so it appears they employ both field and telesales staff.|
|Tried to add at 4.50 or below yesterday but no joy.
Hopefully an opportunity to add more lower.|
|There is one factor that tends not to get a mention-
Headlam is not a member of the FTSE All Share because of
generally low daily volumes.
This can lead to outsized share price moves on light amounts traded.|
|Thanks for response EI, read annual report and still none the wiser about how they actually make all these different businesses practically work (other than the shared DC's). Can only assume that their commercial customers are likely targeted through telesales rather than field reps to avoid expensive duplication of effort. Interesting business model though, can't say I've come across many companies that seem to have so many businesses effectively run separately that compete in the same market. Maybe it doesn't matter and is not too different to a franchise model that encourages competition between outlets but ensures outlets just aren't too close together.|
|If he's anything like our cats, he'll be good for the carpet trade!|
|The sector is cyclical, my cat Gump is aware of that one.
They still made over £20 million annually on pre tax in the last financial crisis.|
|Added a few under 4.51.|