Share Name Share Symbol Market Type Share ISIN Share Description
Headlam Group LSE:HEAD London Ordinary Share GB0004170089 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 580.00p 584.00p 587.00p 589.00p 568.00p 589.00p 358,750 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 693.6 38.2 38.7 15.0 492.13

Headlam Share Discussion Threads

Showing 376 to 398 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
18/1/2018
19:14
Headlam Group results showed a drastic slowdown in the UK with LFL growth of 0.5% vs. Europe’s 4.2%. This is a sharp reversal in UK growth of 4.7%. But management is optimistic about the future and says earnings are in-line with expectations. I think the recent acquisition in Domus will help plug any earnings shortfall in 2018. Overall, I think Headlam is a progressive dividend payer and a much better business to hold in your investment portfolio than Carpetright, Topps Tiles and United Carpet Group. The phrase “Europe biggest floorcovering distributor” tells you it is a simple business to understand. For further details on Headlam, click http://bit.ly/2mLZyHa
walbrock82
10/1/2018
20:08
Curious as to why. It's a decent sized company so surprised as well
kevph
10/1/2018
16:32
very volatile these last few days; 7% swings and over 1m shares traded today.
deadly
08/1/2018
13:29
May be a valid observation, however they also supply laminates etc, I can't remember the differential % breakdowns without checking.
essentialinvestor
07/1/2018
20:33
Underfloor heating becoming more popular. No carpets in my house - all stone or brick, conducts heat better - never needs replacing. Nice and warm in winter and nice and cool in summer.
eeza
10/12/2017
08:04
What's positive is an increasing focus on margin improvement, driven by efficiency savings. That bodes well for the longer term IMV.
essentialinvestor
10/12/2017
07:50
Thanks Thorpematt All good points, but with Headlam as a wholesaler it’s more important to understand what the average cost including fitting is to consumer surey? and that is v much into the mid to high hundreds for single rooms or thousands for larger areas. That makes it v much in the deferral category when the consumer sector is feeling the cosh. I think Headlam will prosper but I’m now 2/3 non U.K. and looking to increase that % as and where I can so for me HEAD is a watchlist only candidate pending elections
rhomboid
08/12/2017
22:33
Doom and Gloom I see. Probably time to buy I suppose? On cyclicality: HEAD is a bout 2/3 residential and 1/3 commerical. Commercial floors tend to be either via a necessity (worn out, trip -hazard!)/ planned RMI, or part of a wider re-furbs and new builds and thus a "non-discretionary" by default ...but still cyclical with tie-in to construction. Residential is of course linked to housing starts* or moves, but also simple discretion by nature. BUT interstingly the residential spend on flooring is remarkably low by average as indicated by the following quote from 2016 Annual Report:- "... the Company's average order cut value for residential carpet and residential vinyl was 127.44 and 68.03 respectively in 2016, representing a more affordable purchase than other RMI (Repair, Maintenance & Improvement) expenditure. " ... making it slightly less of a "budget issue" than one might imagine. Also interesting is that the (UK) LFL fall in latest TS was mainly attribritable to commercial (-2.6%):- "While the first half of 2017 delivered total revenue growth of 4.0%, the first four months of the second half was characterised by weaker markets as evidenced by modest revenue growth of 1.5% (0.6% in constant currency). In this four-month period, UK like-for-like revenue decreased 1.1%, with the commercial sector declining by 2.6% and the residential sector marginally down by 0.4%. Continental Europe, however, saw more robust growth with like-for-like revenue* growth of 6.6%, and the residential sector increasing by 11.3%. " *I would also note that I'd perceive that housing starts (new builds) are likely to fit into the commercicial distribution network not the residential.
thorpematt
07/12/2017
19:18
Also on second reading the defered consideration element is modest imv, would have preferred a larger % payable dependent of future financial targets.
essentialinvestor
07/12/2017
18:55
🙂point taken but I guess it depends on how much like Venezuela the UK becomes
rhomboid
07/12/2017
18:52
.. Headlam will survive .. thanks for those reassuring words ). It's a cyclical industry, they stayed robustly profitable during the financial crisis, so would also hope survival is on the cards. My main concern, some of us will remember what happened last time Headlam decided to diversify from their core market... that did not progress as planned, understatement!. This acquisition is closer to their current offering than last time around. I'm not filled with confidence about this one either, hopefully wrong on that. My concern is this business may be more cyclical than their existing products, and they are acquiring in very benign conditions, towards peak cycle. How the profitability of the new business looks over the next 18 months will be interesting.
essentialinvestor
07/12/2017
18:39
I agree re Domus acquisition, it looks a great fit at an attractive price however the reason I sold a while back is floor coverings are the epitome of discretionary spend, nobody replaces a carpet when it’s worn out , they always do it as either part of a new property purchase or a ‘feeling flush lets splash out’ refurb. If we have consumers reigning in expenditure Headlam will survive..but suffer imho
rhomboid
07/12/2017
10:11
Good acquisition especially on commercial sector
blueflex2
07/12/2017
08:28
Crikey! That would be setting their sights a bit high, wouldn't it?!
jeffian
07/12/2017
07:46
God acquiisition?
runthejoules
05/10/2017
16:29
Robbie Burns comment...... Headlam (HEAD) was suggested at the follow up seminar. This floor coverings outfit looks pretty cheap. Profits are rising and a great dividend of more than 5%. With the market at highs looks like a safeish choice as a tuckaway with potential for good capital growth maybe back up to near highs of 700p. I managed to buy them at the then sell price live at the seminar. It's hard to find value as we sit near highs but there may be some here. The spread is the only issue and that's why I bought it on direct access.
3rd eye
05/10/2017
16:13
Yes, tipped by Naked Trader - looking for about £7. Chart is winding itself up for one of those vicious spikes higher also. Very illiquid this one, nightmare to buy in size when it starts shifting.
sphere25
05/10/2017
16:01
Breakout may have attracted Robbie Burns' attention as he has bought in per his latest bulletin. I
standish11
24/8/2017
14:36
Strong move up on - breakout.
hawaly
22/8/2017
13:50
I agree. These look decent value at this level. I reckon we will be north of £7 by the next figures.
the big fella
21/8/2017
07:21
Yes the profitability surprised me to the upside. Of course most of the earnings are 2nd half weighted but it certainly augers well. LFL sales UK and europe were tidier than I had expected or what most others are reporting (flat at best). I think the forecast EPS growth is fairly modest here and whilst I am not necessarily expecting HEAD to out-perform these significantly I do think that the continuation of strong dividends is significant in terms of measuring shareholder returns. HEAD is something of a cash machine really with some steady growth tied in. Future growth via acquisitions (no dilution) and increase in treade counters looks likely IMO. Nice time to buy in / top on the chart I'd say.
thorpematt
21/8/2017
06:20
Encouraging comments.
hawaly
19/7/2017
13:23
Chart has turned up nicely now. Another quiet board - bodes well :-D
sphere25
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
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