Howden Joinery Share Discussion Threads

[cockneyrebel] 24/7/2015 08:44

Yes, sorry Shanks - 'did not' rather than 'never' - it may surprise you but I wasn't top of the class for 'English Grand Ma' :-)

Perhaps the delayed buy backs until now was a clue too - with hindsight, but at least they haven't held off even longer :-)

All imo.

CR

[tradermel] 24/7/2015 07:51

Well did not see that retrace coming within yesterdys RNS, outstanding trading ahead of that announcement. This one has been put on my shortlist tough, but I had better be a bit more thorough with the research.

[shanklin] 24/7/2015 07:35

Hi CR,

I think we agree, albeit I wish my timing was as impeccable as yours.

In your second paragraph above, I presume you mean "did not" rather than "never", as in they did not beat forecasts on this occasion but have often in the past.

Most of the broker commentary I have seen seems to have been quite sensible. Clearly PBT would have risen much more sharply based on operational gearing if it had not been for HWDN ramping up costs within the business to support future growth.

All the best, Martin

P.S. As I expected, we saw a reasonable size share buy-back yesterday. No doubt this will continue if numpties continue to bale out at £4.80 or below.

[cockneyrebel] 24/7/2015 07:30

Agree Shanks. As I said to you on my thread Weds, I took profits jus before the results because the central warehouse had failed to get planning for their big expansion so got lucky.

I think the pull back is not because they missed, it's because they never beat, as many had come to expect here with the strong DIY market currently seen. With 11% growth forecasts and the PE over 20 then if the shares continued to rise the PE would have had to get even higher from what currently was a Peg of 2 on current forecasts.

Perhaps the directors expected that fall too? They were all selling a lot of share 2 months ago. The stock is up 60% since October still, after yesterday's drop - is that so bad for a co that's growing earnings at 10%? HWDN has had profit taking like this before - it has recovered and gone higher further down the line.

Still a great co and a class act, just a bout of profit taking on 'better to travel than arrive' short term reaction imo.

All imo.

CR

[shanklin] 24/7/2015 07:02

Yes, obviously an incredibly bad miss... ...NOT... ...given company stated it is confident about meeting broker expectations and had already highlighted costs would be increasing to facilitate future growth.

[lauders] 24/7/2015 02:20

The company took the opportunity to top-up in their own shares I see. 200,000 is not a small amount! Anyone would have thought there had been a huge miss and profit warning based on the day's action. Quite agree with your last sentence d40eq6. If it goes lower on Friday I will consider finding some funds to top-up myself!

Hats off to CR though. He sold some on Wednesday ahead of the results and the rest in the morning while starting the decline. Obviously pretty good at this "game" ;-)

[d40eq6] 23/7/2015 20:50

Been here since 160p. Topped up at the end of the action today. Oversold IMHO. Are we really saying that the shares are worth 9% less than they were yesterday due to profit not being quite as high as expected? Market is not rational.

[supasapi] 23/7/2015 18:22

Any Chartists out there who can offer view on where this is going in short to medium term?

[grosvenor] 23/7/2015 14:12

What a shock - down over 7%.

[shanklin] 23/7/2015 12:51

I guess HWDN will think its a good day for a buyback.

[lauders] 23/7/2015 10:00

Blimey! Over-reaction to good results or what? Perhaps CR is right again. See where it ends today. Some buyers come in now given the drop!

[aishah] 23/7/2015 09:11

Panmure: BUY - 'Growth being delivered' #HWDN - ups target to 570p from 490p. Agree, a nice update!

[lauders] 23/7/2015 07:53

Agree too. Looks encouraging with "our peak trading period (Period 11) to come" as well. Also liked this part "With our confidence in our growth prospects, we are increasing our investment in capacity in all areas of Howdens' business, including in property, people, product and continuity of supply. This investment will support our continuing ability to offer better service to the builder, while meeting growing demand in a rapidly sophisticating market.

CR - You may have exited a little too early on this one yesterday. I am sure you will do well, if not better, wherever you move the funds though ;-)

[nickdavinci2] 23/7/2015 07:22

I agree, a great update !

[mr roper] 23/7/2015 07:05

solid as a rock. Top update.

[brahmsnliszt] 20/7/2015 12:39

Still got these since Dec . keep going boys.

[mr roper] 20/7/2015 12:31

whooshh!!!

[lauders] 18/7/2015 05:51

17 July 2015

HOWDEN JOINERY GROUP PLC (the "Company")

Notification of transaction in shares by Persons Discharging Managerial Responsibilities ("PDMRs")

The Company has today been notified that on 14 July 2015 Mark Robson, Deputy CEO and CFO of the Company, and his wife, Mrs Rachel Robson, purchased 6,816 and 16,147 ordinary shares respectively in the Company through the London Stock Exchange. Both Mr and Mrs Robson's shares were purchased at an average price of 520.0p per share. The shares were purchased pursuant to a trading plan entered into in August 2001, prior to Mr Robson joining the Company.

Following the transaction, Mr Robson's total holding of shares in Howden Joinery Group Plc (including shares in his wife's name) is 1,869,564 ordinary shares (c. 0.29% of the issued share capital).

Surely has to be positive? Why spend 520p average now if the future looks negative? Must be because it is positive ;-)

[cockneyrebel] 13/7/2015 15:24

Nice bounce going on - Interims a week on Thurs.

CR

[cockneyrebel] 10/7/2015 14:40

Good news for builders and HWDN etc, imo

CR

[cockneyrebel] 09/7/2015 09:42

Nice top up point I suspect - look where HWDN bounced off yesterday:


free stock charts from uk.advfn.com


All imo

CR