We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Headlam Group Plc | HEAD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 0.46% | 110.00 | 16:00:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 110.00 | 110.00 | 115.00 | 110.00 | 109.50 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 05/03/2024 | Final | GBP | 0.06 | 09/05/2024 | 10/05/2024 | 07/06/2024 |
| 05/09/2023 | Interim | GBP | 0.04 | 26/10/2023 | 27/10/2023 | 28/11/2023 |
| 08/03/2023 | Final | GBP | 0.112 | 11/05/2023 | 12/05/2023 | 02/06/2023 |
| 06/09/2022 | Interim | GBP | 0.062 | 27/10/2022 | 28/10/2022 | 28/11/2022 |
| 09/03/2022 | Final | GBP | 0.086 | 05/05/2022 | 06/05/2022 | 27/05/2022 |
| 09/03/2022 | Special | GBP | 0.177 | 05/05/2022 | 06/05/2022 | 27/05/2022 |
| 02/09/2021 | Interim | GBP | 0.058 | 28/10/2021 | 29/10/2021 | 29/11/2021 |
| 09/03/2021 | Final | GBP | 0.02 | 06/05/2021 | 07/05/2021 | 28/05/2021 |
| Top Posts |
|---|
Posted at 11/12/2024 18:25 by no dice Perpetual Ltd increased their holding in HEAD by 638,404 shares yesterday (10 Dec) - just over £804k based on the closing price of 126p. |
Posted at 10/12/2024 20:05 by velocytongo Vcp is heavily indebted and Head is not. The downside looks limited and 3-4 times upside. |
Posted at 06/12/2024 03:04 by arja surely he should get a bonus as well :) . Chartwise HEAD looks awful but now close to chart support level in November 2001 - clutching at straws ( wry smile ) |
Posted at 12/11/2024 19:31 by bda3490 Opted not to not to declare a dividend !!Is that ain’t got any money and can’t !! About time you did an Elvis ( left the building) |
Posted at 06/11/2024 23:24 by jeffian Errrr......no they don't."No interim ordinary dividend has been declared (FY 2023: interim ordinary dividend 4.0 pence per share). While we have opted not to declare a dividend this year, our long-term commitment remains focused on delivering shareholder value. The Board will continue to review how the business is performing, taking into account the market conditions and the implementation of the transformation plan, in assessing when it may be appropriate to reinstate dividend payments." |
Posted at 06/11/2024 19:42 by bda3490 A bit cruel the more dead than aliveAt least they pay a dividend! |
Posted at 17/9/2024 10:39 by eigthwonder If it is the warehouse i think it is, the Ipswich facility was only opened about 5 years ago after £ millions spent on it. I am sure there will be a buyer of such a new warehouse, but if HEAD have to take a discount to dispose it could mean a chunky hit to that NAV they keep going on about. |
Posted at 17/9/2024 08:46 by jeffian I think "not going bust" is at the lower end of reasons to invest!;-) I have held this for years, mainly as an income stock. Without the divi, it's not very attractive but I haven't got very many so will probably sit it out and see if they can turn it round. |
Posted at 05/7/2024 10:16 by catabrit I decided to look into this a bit more and have actually concluded that management are a lot better than I was lead to believe. They have an excellent awareness of the business and the various trends affecting it and the industry more broadly. They are also very candid, particularly as it relates to challenges and solutions.A lot has been said about their pivot to online, multiple retailers, tradesmen etc. Management's view was that the independent channel was potentially in slow, secular decline and so they decided to move into other areas of the industry that they felt were in secular growth. Obviously you assess the facts and probabilities and make your bet and get on with it. They wouldn't be the first to get the future wrong - look no further than Intel who missed the iPhone, GPUs and EUV lithography! Clearly Likewise and others have eaten into Head's independent retailer / distribution market share and I don't see that abating anytime soon albeit the former have hinted that their rate of expansion / investment might slow. Nor do I anticipate a recovery in their end markets, at least in the short-term albeit we may get a bit of optimism and relief post the election. I think it's worth stressing just how badly the roll-up was executed. The legacy of it is a tonne of unnecessary fixed cost and disparate systems (IT), teams and processes. Hundreds of little fiefdoms, basically. I know that a lot of management textbooks tell you that local autonomy is the way to go but it doesn't always work. Particularly in industries undergoing structural change. Sometimes you need the various businesses to talk to one another: to implement the same systems and processes and best practices. When volumes are steady or rising, that can all be absorbed quite easily. But when volumes decline and competitors start to eat into market share, the whole thing unravels. So I think prior management need to be held accountable here and I understand that might be offensive to some of you who are pro Tony (I think that's his name) who previously ran it and now runs Likewise. There were lots of hints that a big strategic review / rationalisation strategy is coming which could result in a lot of their surplus real estate being sold off. I asked about a sale and leaseback but they said this was not on the cards as they wanted to remove fixed costs from the business, not add them. The value is quite compelling as it trades at less than its real estate plus inventory so the going concern isn't being priced in. However, I think a dividend cut is practically inevitable and it will be interesting to see if this is announced in September and if so, how the market reacts. Perhaps that is already baked into the share price. I think the downside is somewhat protected by tangible book value as well as the take private potential. PE love an asset-backed recovery play that requires a restructuring. But I likewise worry that this could get hit if the dividend is axed. Thoughts welcome. |
Posted at 08/3/2024 10:17 by donald mcdonald It’s incredible that eighthwonder condiders Headlam “was left in a mess by Brewer”.Tony Brewer was fired by Headlam on or around 14th September 2016. The share price was £4.47. The profit reported in 2016 was £40.1 million and the dividend was 22.55 pence per share. The mess began the day Tony Brewer was fired because there was no one left on the Board who had any knowledge or experience of the complexities of distributing floorcoverings. What is more, in the intervening period, no one with any knowledge or experience of floorcoverings has been added to the Headlam Board. In the past, 100’s of independent retailers and flooring contractors purchased shares in Headlam. They considered the annual dividend as a form of loyalty rebate. Smaller shareholders did not really follow the share price as the generous dividend was of paramount importance. Several independent retailers and contractors used to attend the Headlam AGM just to get a chance to meet up and shake hands with Graham Waldron and Tony Brewer. Investing in Headlam for them was also invseting in their own future. Before Graham Waldron and Tony Brewer revolutionised the wholesale floorcovering market, an independent retailer might have to wait 7 to 10 days for a cut length of carpet to be delivered to them. Graham & Tony introduced “everywhere, everday” deliveries. The independent retailers loved this because in effect Headlam’s £100 million of inventory was available to them on a next day basis. Carpetright could no longer compete on service with the indepependent retailers. Headlam have gone all in with their decision to abdicate their core business of independent retailers and flooring contractors in favcour of large customers (Tapi, SCS, et al) and so far 2,000 carpet fitters & floor layers. It is a policy that they will be unable to reverse if they find out in the future that this business plan is flawed. Headlam may be right, but it going to take 2 to 3 years to find out because their business plan for Trade Counters is basically ‘build it and they will come’. With Headlam currently hemorrhaging so much market share in their core business to Likewise and the many independents, each trade counter needs to get to a break even turnover of £1.2 million in double quick time. Then there is the difficulty of getting to an earning enhancing turnover of £2 million. And that has to happen at every site. If one trade counter gets stuck at £600,000K, another needs to contribute over £3 million to make uo the shortfall. It is hard to get people from within the industry to go on the record, but privately very few believe that Headlam will achieve its objectives. Trade magazines are reticent to publish Headlam’s bad news stories for fear of losing advertising revenue. Not that Headlam does much marketing nowadays. Manufacturer’s and Suppliers are keeping their heads down in public and waiting to see what develops. And then what happens if one of their so-called larger customers fails or decides to procure from a different source. It has happended before and lead to Headlam issuing a profit warning to shareholders. The next 2 years should determine the outcome. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
