Headlam Dividends - HEAD

Headlam Dividends - HEAD

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Stock Name Stock Symbol Market Stock Type
Headlam Group Plc HEAD London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-1.00 -0.33% 306.00 15:30:20
Open Price Low Price High Price Close Price Previous Close
309.00 306.00 309.00 306.00 307.00
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Industry Sector

Headlam HEAD Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

essentialinvestor: It's following a pretty reliable pattern as we likely head for recession. If you look at the longer term chart it gives at least some indication.
97peter: Agree. I cannot see, when HEAD are buying back shares at a steady rate each day, plus big buys of 50,000 and 100,000 shares being bought, why the share price is still at 380p?? It should be over 395p with all the buybacks and big buy share trades?? How are the MM’s holding this back?? Especially with a 26.3p divi and ex divi date of 5 May not far away, strange!!!!
tomps2: Headlam Group (HEAD) full year 2021 results presentation Headlam’s CEO, Chris Payne presents the full year 2021 results for the period ending 31st December 2021. Watch the video here: Https://www.piworld.co.uk/company-videos/headlam-group-head-full-year-2021-results-presentation/ Or listen to the podcast here: Https://piworld.podbean.com/e/headlam-group-head-full-year-2021-results-presentation/
km18: ...from last year... Company overview: Headlam is Europe’s leading floorcoverings distributor, providing supply and distribution channels between suppliers and customers. The company works with suppliers across the globe, providing them with cost efficient and effective route to market for their products. Headlam brings value to both sides of the supply chain with processing and distributions expertise and well-build marketing strategies. Between UK and Europe, HEAD is operating 66 businesses, each having its own brand and individual sales team. Their customer base covers both residential and commercial sector, but the residential is the larger of the two. Over the past few years the company has made several acquisitions and is continuously working towards revenue and margin enhancements. Results in FY 2020 were impacted by the pandemic with revenue falling by 15.3% and dividends suspended, as the company ended with a statutory loss before tax of £17.1m. Cash flow managed to stay positive, even with substantial debt retirement. Recent broker forecasts have been quite low, in complete contrast with the recent trade update. Full year performance is expected to be “materially ahead of expectations”, as the company brought revenue level equal to H1 2019 and 45.2% above 2020. Following the strong trade of the first half the company is updating its anticipated PBT to “no less than £35m”. Moreover, strong balance sheet  and confidence in growth prospects are the basis on which Headlam decides to pay full dividend based on earnings at the time of the interim results.... ...from WealthOracleAM https://wealthoracle.co.uk/detailed-result-full/HEAD/51
whittler100: As expected, a good presentation on IMC from Headlam today delivered by the acting CEO (CFO) Chris Payne. My description of Headlam is “moving from content & a little sleepy to growth”. The next couple of years could be interesting. I suspect from what we are told in the presentation that HEAD will be offering a special dividend &/or share buyback probably announced in March.
whittler100: That’s right EssentialInvestor; Stephen Wilson was previously CFO with HEAD and a board member for many years. When Ton Brewer stepped down as CEO in 2016, Stephen Wilson became CEO. Incidentally, ex-CEO Tom Brewer started up what I guess you could call a rival to Headlam; Likewise, the senior directors/ senior management are fairly dominated by ex-Headlam managers. LIKE looks to be an interesting company.
whittler100: I will be keeping a close eye on Headlam TU on 27/01/22. The long-serving CEO, with over 30 years of service, stepped down in Oct 21 as the Key Improvement Prog was introduced. The wording in the RNS announcing the stepping down of the CEO was very gracious & fitting for a guy with 30 years of service but once I saw that strategy presentation that was critical of leadership/strategy, he was IMO waiting in the departure lounge; just a matter of time before he departed. I did have a decent position in HEAD but sold down 80% on 2/9/21 on Q2 results day; just felt a little concerned about the ” Subdued commercial sector activity”. Since that time & maybe in keeping with the markets, the price has drifted about -12%. The last TU: 25/11/21: “Revenue for the year to date is tracking broadly in line with current market expectations which were significantly upgraded in July 2021. A robust performance in the residential sector has helped to offset a persisting subdued commercial sector, with other features of the market being the ongoing industry-wide supply issues, and associated inflationary pressures, all of which the Company has been largely able to mitigate. Profit performance has been pleasing and reflects the previous and ongoing actions to improve operating efficiency and margin. As a consequence, the Company expects to deliver underlying profit before tax for the year ending 31 December 2021 marginally ahead of current market expectations”. The obvious attractions continue to be: Strong balance sheet; Pays a decent dividend that is well covered by FCF; PEG of 0.2 (Stock shows a PEG of 0.8)& of course, the planned growth strategy, overall in the long term a sound business. On the downside, we have the usual knock-on Covid uncertainties, supply issues, contractor market been a touch soft to recover during pandemic etc. Then we have the interim CEO (the current CFO) gap until a new CEO is in place. So, whilst I feel comfortable regarding the long-term future of HEAD, I will wait for that TU on 27th to reassure me of the short to medium-term.
tole: Peel Hunt: dividend prospects at HeadlamThere is scope for strong capital returns and a 'materially higher' dividend at flooring group Headlam (HEAD), according to Peel Hunt.Analyst Charles Hall retained his 'buy' recommendation and target price of 670p on the stock, which closed down 2%, or 10p, at 480p on Friday.Half-year results were in line 'with expectations of a strong recovery versus last year', with like-for-like revenue up 45% on 2020 and matching 2019 levels, with profits also at a similar level to 2019.'The business is looking in good shape with a stronger growth focus and a healthy balance sheet and cashflow,' said Hall.'We see potential for capital returns alongside a materially higher dividend.'
tole: HeadlamI think floor coverings distributor Headlam (LSE: HEAD) might fit the bill of being a cheap UK share. Sure, this is hardly exciting stuff. However, it's a market leader at what it does and one that seems to be coming through the other end of the Covid-19 storm in good shape.And if you click here we'll show you something that could be key to unlocking 5G's full potential...Today, the company announced it had seen a "strong recovery" in trading. Total revenue of just under £330m over the first six months of 2021 is close to what the company achieved in the same period in 2019. Clearly, it's also far ahead of last year (£227.2m).As one might expect, this rebound was good news for underlying pre-tax profit at Headlam. This came in at £16.7m - a huge contrast to the £1.8m loss reported for the first half of 2020.I reckon this momentum will continue. While activity in the commercial sector remains "subdued", HEAD has still been trading in line with recently-upgraded expectations in the last few months. It's also been able to maintain inventory levels despite issues with its supply chain. The resumption of normal dividend payments faster than thought also gives me confidence. Sure, Headlam isn't risk-free. A rebound in Covid-19 infection levels would be less than ideal as the company goes into its traditionally busiest part of the year trading-wise. The share price performance hasn't been magnificent either. While up 63% over the last year, the stock is still only 10% above where it was five years ago. So, I wouldn't expect massive gains (like those seen at this FTSE 250 firm) any time soon.Still, a valuation of 16 times earnings, reducing to 13 next year based on analyst projections make this a potentially good deal for me.
purplepelmets: Music to my ears !! 29 July 2021 Headlam Group plc ('Headlam' or the 'Company') Pre-Close Trading Update Full year performance anticipated to be materially ahead of current market expectations Resumption of normalised dividends Headlam (LSE: HEAD), Europe's leading floorcoverings distributor, is pleased to provide a trading update ahead of announcing its interim results for the six months ended 30 June 2021 ('H1 2021') on 2 September 2021. As announced in the 1 July 2021 Capital Markets Day Trading Update, H1 2021¹ revenue was in-line with H1 2019¹ and 45.2% ahead of H1 2020¹, which was significantly impacted by COVID-19 related closures. Performance improved through the period, with initial soft trading in the first two months being followed by good monthly performances. The residential sector was strong throughout, with the weak commercial sector curtailing overall performance to H1 2019 levels. However, this weakness continued to be recouped throughout the period, and in June 2021 commercial sector revenue was only 3.2% below June 2019. July 2021 has traded in-line with July 2019 prior to the Company entering the traditionally busy summer period for refurbishment activity within the commercial sector. Given this sustained year-to-date performance and the Company's traditional second-half revenue weighting, the Company now expects full year performance to be materially ahead of current market expectations². After factoring in prudent revenue assumptions, and performance-related employee bonus payments due to the current outperformance, it is anticipated that 2021 underlying profit before tax will be no less than £35.0 million¹(,)² (unless exceptional or unforeseen circumstances prevail). The Company will provide further updates as necessary as the year progresses. Additionally, as a consequence of the trading performance above, strong balance sheet, and confidence in the prospects for the business, the Board will now expedite the resumption of normalised levels of dividend payments.
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