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JLH John Lewis Of Hungerford Plc

1.35
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
John Lewis Of Hungerford Plc JLH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.35 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.35 1.35
more quote information »
Industry Sector
HOUSEHOLD GOODS & HOME CONSTRUCTION

John Lewis Of Hungerford JLH Dividends History

No dividends issued between 19 Apr 2014 and 19 Apr 2024

Top Dividend Posts

Top Posts
Posted at 28/6/2023 13:53 by nico115
That's me finished buying Now I pray for a yearly dividend of 0.1p ?
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 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 !
Posted at 28/4/2022 09:21 by davidosh
The John Lewis management team want to meet investors at Mello2022

Mello2022, our annual flagship two day smaller growth company event will be returning to the popular Clayton Conference Centre in Chiswick, London W4 on Wednesday 25th May and Thursday 26th May. For a £10 bonus add-on price delegates at Mello2022 are also invited to make it a three day visit and join us for the Mello Trusts and Funds event the day before on Tuesday 24th May. The standard price is £49 so do take advantage of this limited time offer.

Just to let shareholders and prospective investors know that JLH will be among the 60+ LSE Small Cap and AIM listed companies attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Leon Boros, Clarke Carlisle and Gervais Williams.

1 day tickets are £115 and 2 day tickets are £189. To get 50% off, use code MMTADVFN50.

For more information, please visit the event webpage:
Posted at 02/12/2021 18:54 by davidosh
I think you are spot on that a bouyant housing market will lead to a very busy refurbishment market and kitchens are the first room on most lists.

The company will also be benefitting from a few independents leaving the market and JLH are seen as a niche supplier and fitter of high quality.

Hopefully they can supply all the demand and the new warehousing will help.
Posted at 10/11/2021 12:57 by davidosh
It looks like someone bought £10k's worth this morning at the open and that has set things moving up as the market makers will have been cleared out with all the smaller buyers that followed.

I am not sure that any analysts or brokers will follow JLH as they are too small but personally I am hoping revenues will get to double figures for the first time this year and could be at least 60% of the way there by the interims based on this information...

Despatched sales, forward committed orders and future orders against which a first stage deposit has been taken, stood at GBP7.4m

Just depends on supply, manufacture and delivery being possible before Christmas shutdown.
Posted at 09/7/2021 13:04 by davidosh
David certainly sees something in them?

MRF.....To be fair I am not new to JLH and have been a holder for at least eight years but I am gaining confidence that the strategy is now in place to do much more online/virtually and not just depend on stores.

That allied with the fact that huge numbers of people have disposable income/savings built up over the last few years that they want to spend on their homes rather than plough into fast cars or holidays. This is a trend of the pandemic so JLH kitchens, bedrooms and studies should be a beneficiary and will hopefully be getting their fair share and more in orders coming through

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