Headlam Share Discussion Threads

[cisk] 17/11/2015 21:20

I absolutely hate buy backs. They should be outlawed. Just a way for large plcs to guarantee management bonusues. Companies are the WORST predictor of their own share prices imaginable. They should do a special divi if they have surplus cash.

And FWIW I think there is plenty to come from Headlam. Builders are overvalued for sure. But the likes of Headlam and Travis Perkins still have plenty of growth left.

[essentialinvestor] 17/11/2015 16:06

At a guess it will be used for expansion and building a dividend buffer before
the next cycle dip.

However it would not kill them to retire 2-3 Million worth of shares.

Saves a fat amount on a compounding dividend.

[jeffian] 17/11/2015 15:55

PLEASE not buybacks! Any company wishing to return cash to shareholders should either pay special divis or make a return of capital. Buybacks are smoke & mirrors imho.

[essentialinvestor] 17/11/2015 15:50

Looks decent value to me with a fat and growing cash pile,
added to a major CAPEX programme coming to an end IMV.

Hoping HEAD may initiate a buy back as a way of upping returns.

Look at the JHD multiple, there deserves to be some difference imv,
but not this much.

[battlebus2] 30/10/2015 18:45

Yep I've already shed anything building related, NTBR the last to go. Recruitment and food producers have been the winners for me this year.

[woodcutter] 30/10/2015 18:25

thx bb2 i'm running the trend at present. i know CPR has pulled back a bit so maybe a read across there but the chart is still trending so i'll live with it a little longer.

I've become very TA orientated now, investor sentiment seems to be more important than fundamentals these days, some crazy prices out there relative to intrinsic value.

Construction suppliers warning and real estate agents slowing. The builders are next then the household goods providers so won't be long before the cycle catches up with HEAD.

When the trend breaks i'll consider my position.

woody

[battlebus2] 30/10/2015 16:08

I've sold out of these for a while woody, made a decent profit and as you say i may revisit if they fall back to below £5...

[woodcutter] 29/10/2015 17:34

big move today on quite small volume, I expect a pullback for further accumulation shortly.

woody

[woodcutter] 04/9/2015 09:59

broken out above 480p resistance, accumulate on any pullback.

woody

[battlebus2] 03/9/2015 17:35

Gathering a HEAD of steam as we move towards £5 again......

[woodcutter] 27/8/2015 11:00

no but i'll have a look.

my favoured stock at present is GMS i think it's very undervalued and suffering in a sector which is very much out of favour. I've posted quite a bit of info on the financials since the H1 results. It's not without risk but as their capex falls the strong cash flow will reduce debt significantly which should provide excellcent returns.

sorry off topic!

wc

[cisk] 26/8/2015 18:47

Hi Woody

Also added more HEAD and QP. are now on my monthly investment list. As are plant impact - do you follow them?

Regards

Cisk

[woodcutter] 25/8/2015 13:01

hi Cisk

i'm beginning to spend a bit of cash, although cautiously,
with the drop yesterday i bought more
HEAD
GMS

and i've been accumulating QP. too

wc

[cisk] 24/8/2015 20:16

Hi Woody, glad to hear that you're weathering the storm.

I'm about 15% in cash, but I invest monthly equivalent to 1 - 1.5% of overall value. So, as you say, bargain prices are welcomed, although it's never great to see huge drops in a day.

Regardless, I'm a long term man and happy to ride out the storm, whether it's 3 months or three years.

Back to HEAD, I haven't had chance to read the results in detail yet (saving that pleasure over a G&T tonight whilst avoiding looking at my portfolio page) but the headline figures look very positive. In a normal day, I'd expect the price to jump 5%. But I'm a patient man and delayed gratification must suffice.

Good luck all.

Cisk

[woodcutter] 24/8/2015 19:38

i took a more cautious approach in the spring of 2014 and sold down a lot of my holdings. I missed the early part of the uplift towards the end of that year and only tentatively entered with very careful stock picks and more trading for this year. Fortunately i've managed to beat the indecies even with this level of cash.

My feelings are this is only the prelim to a much harder correction. From what i've read there is a hell of a lot of cash in institutional funds at present, as much as 18% with some fund managers and this may now get fully invested on the basis that this is the major correction. When that happens and we see the real hard landing then there'll be no more cash to invest so it could get pretty brutal a few years ahead.

I'm expecting a significant bounce and a reversal of all expectations of a interest rate rise, possibly even more easing which will fuel further money into the market in the medium term.

That's my view fwiw so i continue to be cautious. I got caught on my Japanese Investment Trusts this last week but on the whole i didn't fare too bad this time.

One of my strategies to offset a portfolio correction has been to try and find businesses that don't have too much negative currency headwind or those that will still drive revenue despite a market fall, very little cyclical stuff.

DVO still got to eat
QP. still got to take your medication
REDD recently, accidents still going to happen
ALNT undervalued and under offer
HTY undervalued and under offer


This along with GMS are one of my few cyclicals but the value of both is compelling

etc etc.

woody

[battlebus2] 24/8/2015 16:55

Wish i was in the same boat Woody, still 80% in equities......

[woodcutter] 24/8/2015 16:28

added at support around 460p. with so much cash i can afford to be brave;-))

woody

[woodcutter] 24/8/2015 12:48

yep bb2 very impressed just watching and waiting for the US open before i decide to accumulate. Seems my decision to hold around 30/40 cash over the last year was a wise one. It will be like the xmas sales shortly, bargains everywhere, i'll be like a kid in a sweet shop!

woody

[battlebus2] 24/8/2015 08:26

Excellent results here woody, sadly missed by most in a red market.

[woodcutter] 07/7/2015 09:34

Come back in and been picking up a few regularly over the last few sessions, particularly after the CPR results.

Although the trend line has been broken on a few ocassions there appears to be strong support at 460p aimho.

woody


free stock charts from uk.advfn.com

ROC downtrend broken and beginnings of some strength in the RSI. Stochastics look to be over sold too.

[battlebus2] 26/6/2015 08:10

Good timing there deadly :))

[deadly] 24/6/2015 15:36

I've got back in at 460p.

[battlebus2] 24/6/2015 15:24

May buy back again if i can get in at 460....

[battlebus2] 24/6/2015 08:54

A better start to the day here, possibly linked to Blackrock news yesterday?

[battlebus2] 23/6/2015 20:51

Blackrock indirectly interested in over 5%.....