Latham (james) Share Discussion Threads

[hvs] 29/6/2010 07:33

WHAT A BEAUTIFUL SET OF FIGURES :

Latham(James) PLC
29 June 2010

?

James Latham plc

("James Latham", the "Company")


Full Year Results


In what has been another difficult year for the economy as a whole, I am pleased
to report the results for the financial year to 31 March 2010 which show a good
trading performance and a strong balance sheet.

Group revenue in the financial year to 31 March 2010 was GBP115,372,000, 1.3% up
on last year's GBP113,904,000 after being 5.9% behind at six months.

Operating profit increased by 69% to GBP6,437,000 from GBP3,812,000 last year.

Finance income was GBP43,000 against GBP647,000 last year. The main reason for
the drop is the lower prevailing interest rates. Financial costs, which are
principally interest on the pension scheme deficit as calculated under IAS19,
were GBP893,000 against GBP287,000.

Pre-tax profit was GBP5,587,000 and has increased from last year's figure of
GBP4,172,000.

Profit after tax was GBP4,113,000 compared to GBP2,268,000 last year.

Earnings per share was 21.5p compared to last year's 11.8p .

[hvs] 21/4/2010 16:34

Blue again.

Can only go HIGHER.

[hvs] 07/4/2010 12:55

Its BLUE again TODAY.

Why ?

[hvs] 01/4/2010 11:35

Why is this going UP UP UP !!!

WHy

[hvs] 01/4/2010 08:22

No worries here.

Just keep on buying and HOLD.

[cjohn] 31/3/2010 11:04

Yes, I agree, and NET cash of 8.5m.

And unlike some value dogs, this is a well-run company, likely to produce eps growth over the next few years, with the cyclical upturn.

[hvs] 31/3/2010 10:08

And on a market cap of £ 30 mill they £ 10mill in CASH

Just tuck them away.

[cjohn] 31/3/2010 10:00

The company have indicated that they will beat current result estimates for this year. Full year predictions are for something like 14.5p eps. But first half profit came in at 11.7p eps. It wouldn't be unreasonable to expect 20p eps.

Plus these currently trade at 0.8 tangible book value.

[hvs] 30/3/2010 16:33

Looking very good.

[hvs] 29/3/2010 12:09

Why is going higher.

Cause its still too too CHEAP

[hvs] 15/12/2009 09:05

Better trading I would say.

Maybe a share tip for 2010 ?

[hvs] 26/11/2009 13:29

Up she goes.

[wjccghcc] 26/11/2009 11:05

Added a bunch at 150p first thing. Very impressive results.

[nealcowan] 26/11/2009 10:30

good old fashioned family run company with great values and honest.Been in these for a long time

[ed 123] 26/11/2009 10:20

deadly, agree. :-))

Riding out the recession nicely.

[deadly] 26/11/2009 09:56

great results today.
EPS 11.7p vs 7.7p but mainly on lower tax. Increased dividend and good outlook.

[hvs] 21/10/2009 10:31

Ticking up NICELY.

[hvs] 13/10/2009 13:07

Nice uptick.

Looks like £ 2 is ON THE CARDS.

[hvs] 01/9/2009 13:28

Looking good here.

[hvs] 29/8/2008 10:13

Nice juicy divi cheque received today.

[westcountryboy] 20/7/2008 13:06

Hi werdna

They can buy back 10% of the total. In fact last year's AGM resolution specified 2,016,000 shares. 910,000 bought back so far, so not yet half way, and I don't imagine there are that many keen sellers!

[hvs] 20/7/2008 10:48

werdna78,

Did anyone ask you why you are not happy ?

Have you managed a successful business in your life ?

[werdna78] 09/7/2008 16:32

Does anyone know how much they are allowed to buy back? It's normally 5% or 10% of the share capital in any one year. I cannot find the resoloution from the last AGM that would state the percentage.

I'm more than happy for them to continue buying back at this level. They have a good enough cash balance to allow them to weather any general market downturn in business over the next few months.

[davidosh] 09/7/2008 14:25

I suspect they will be buybacks again as the directors are keen to mop up any surplus stock at well below NAV and also save on the divi payment due at month end no doubt. An instant return and good use of the spare cash.