Latham (james) Share Discussion Threads

[emeraldzebra] 09/12/2014 08:45

Thanks to one and all...might top up then !

[crbema] 08/12/2014 20:24

Yes I don't think a takeover would be on the cards.

[hvs] 08/12/2014 20:17

No fizz here

Its REAL

[emeraldzebra] 08/12/2014 12:22

v pleased to have held these since Oct 2012. is this strength maybe take over fizz or inreased institutional interest or both ?

[hvs] 08/12/2014 12:06

There she blows.

Its just the beginning.

[cockneyrebel] 08/12/2014 11:33

Lovely chart imo:


free stock charts from uk.advfn.com

[wiganer] 05/12/2014 20:15

Yup, with a 3 share portfolio, of which 40% is LTHM, and 40% KIBO, it's been a good week. Shame the other share is a dog, but you can't win em all.

[hvs] 05/12/2014 14:20

We is on the march again.

Onwards and upwards.

[crbema] 04/12/2014 12:42

Pleasure hvs and CR. Good to see you here CR.

[cockneyrebel] 04/12/2014 11:12

I've been buying too crbema - builder suppliers set to soar imo. Benefitting from the reduced stamp but also falling oil price will mean people have more cash to spend.

Will all feed trough either as home sales or DIY imo.

All imo

Thanks for that link.

CR

[hvs] 03/12/2014 17:37

crbema.

Thank you for the above.

[ygor706] 28/11/2014 07:47

Bought some more yesterday as results were excellent and the share price seems to have lagged(possibly because brokers' consensus forecast were so far adrift. Looks good on the charts and could well benefit if the euro starts to weaken. Most softwoods come in from Northern Europe I would think.

[hvs] 27/11/2014 12:27

Be patient with this.

Its building momentum.

[grindertrader] 27/11/2014 10:30

yes thanks hvs. Correct this

[hvs] 27/11/2014 10:27

Cash is £ 12.5 mill and increasing.

[grindertrader] 27/11/2014 09:44

Latham James provider of wood products produced encouraging results today and ahead in most margins from this time last year. The balance sheet has been strengthened and the reduction of the pension deficit down to 5.47m from 9.28m is certainly good going.

While in line with market expectations I hope the broker forecasts will now be updated. They have earnings to decrease slightly, but giving the results here I now expect them to be an increase. If this is the case then valuation is cheap.

Trading at a historic PE of 10 and forward PE of around 13. Historic PEG ((non slater metric) of 0.78 and a Rolling PEG of 0.26
Pre-Tax multiple to Market Cap (The Naked Trader way) is around 9x.
This company has a net cash position of 12.60m.
Operating margins also increasing and should go above the 6.91p/

For momentum investors/traders the 12 month RS is over 27% and on the 53 High.

This is part of my main ISA portfolio and happy with the results

[crbema] 27/11/2014 09:10

Good news onwards and upwards. Nice quiet thread here. Always a good sign.

[hvs] 27/11/2014 08:09

Another set of cracking figures :

HALF YEARLY RESULTS FOR THE PERIOD ENDED 30 SEPTEMBER 2014
Chairman's statement
I am pleased to report good results for the six months to 30 September 2014, in trading conditions which have continued to improve.
Results
The results are better than the same period last year. Revenue for the six months to 30 September 2014 was GBP89.1m, up 8.4 per cent on GBP82.2m for the same period last year. The operating profit was GBP5.4m, 18.8 per cent up on GBP4.6m last year. Finance Income was GBP21,000 (2013: GBP14,000) and Finance Costs were GBP263,000 (2013: GBP423,000), reflecting interest on the lower pension scheme deficit. Profit before tax was GBP5.2m, up 24.7 per cent on last year's GBP4.2m. Earnings per ordinary share were 20.5p (2013: 16.9p) an increase of 21.3 per cent.
As at 30 September 2014 shareholder funds had increased to GBP63.3m (2013: GBP51.5m) with cash and cash equivalents of GBP12.6m (2013: GBP5.7m).
Interim dividend
The Board has declared an interim dividend of 3.7p per Ordinary Share (2013: 3.4p), which is covered 5.5 times (2013: 5.0 times). The dividend is payable on 30 January 2015 to ordinary shareholders on the Company's Register at close of business on 9 January 2015. The ex-dividend date will be 8 January 2015.

[crbema] 21/8/2014 14:16

James Latham plc (LON:LTHM)'s stock had its "buy" rating reissued by research analysts at Northland Securities in a report released on Thursday. They currently have a GBX 560 ($9.36) price objective on the stock. Northland Securities' price objective points to a potential upside of 8.35% from the stock's previous close.

[hvs] 20/8/2014 13:47

Very lively.

Come on my son.

What a well run company and so undervalued.

[cwa1] 20/8/2014 13:04

AGM Statement:-



Lively stuff by Latham standards:-

Statement to the 2014 AGM

The Directors intend to issue the following statement to shareholders attending today's AGM:

Revenue for the first four months of the current financial year, namely April to July 2014, is 10% higher than the same period last year. This is largely the result of higher volumes traded, with more large orders delivered directly from manufacturers or the docks. In addition, sales ex stock have also grown. Margins are higher than for the same period last year, but similar to the March quarter. Overall the Company is trading to market expectations.

The trading environment remains competitive, but activity levels continue to improve, both for timber and panels. Generally customers appear busier. Bad debts are at a higher level than we have seen recently.

We have the capacity to meet higher levels of demand as the UK economy improves, and have plans to upgrade our older premises.

The outlook is more positive than we have seen for some time and our wide spread of customers and strong balance sheet means that we are well placed to take advantage of opportunities.

The Company's interim results for the six months ending 30 September 2014 will be announced on 27 November 2014.

[hvs] 07/8/2014 17:09

Thank you very much.

[crbema] 07/8/2014 14:23

Old news but not sure if you have seen this.

James Latham plc (LON:LTHM) announced a dividend on Thursday, June 26th, Analyst Ratings Network reports. Stockholders of record on Wednesday, July 30th will be paid a dividend of GBX 8 ($0.14) per share on Friday, August 22nd. This represents a dividend yield of 1.6%. The ex-dividend date is Wednesday, July 30th. The official announcement can be seen at this link.
A number of research firms have recently commented on LTHM. Analysts at Northland Capital Partners reiterated a "buy" rating on shares of James Latham plc in a research note on Wednesday, July 2nd. They now have a GBX 560 ($9.51) price target on the stock. On the ratings front, analysts at Northland Securities raised their price target on shares of James Latham plc from GBX 480 ($8.15) to GBX 560 ($9.51) in a research note on Thursday, June 26th. They now have a "buy" rating on the stock. Finally, analysts at Nomura reiterated a "buy" rating on shares of James Latham plc in a research note on Wednesday, May 7th. They now have a GBX 480 ($8.15) price target on the stock.
Shares of James Latham plc (LON:LTHM) traded up 0.62% on Tuesday, hitting GBX 483.00. The stock had a trading volume of 3,690 shares. James Latham plc has a one year low of GBX 420.00 and a one year high of GBX 530.00. The stock's 50-day moving average is GBX 493.5 and its 200-day moving average is GBX 459.3.
James Latham plc is engaged in distribution of wood based sheet materials and joinery quality softwood and hardwood, hardwood flooring and decking, offering national coverage from 11 locations.

Here is the link

[hvs] 07/8/2014 08:41

Its very very well run and cash rich.