Headlam Share Discussion Threads

[purplepelmets] 20/1/2022 13:21

Trading update next week. 27th jan

[purplepelmets] 07/12/2021 01:09

well they will need some new flooring wont they

[rudder] 06/12/2021 12:26

MCD Kidderminster on fire, looks pretty bad, 20 fire engines in attendance.

[essentialinvestor] 18/11/2021 21:11

Is that definite?, given the sudden CEO departure.


Bought some ahead of the trading update.

[melloteam] 18/11/2021 10:43

Just to let shareholders and prospective investors know that K3 Capital Group, Headlam and Kanabo will be presenting at the Mello webinar event on Monday 29nd November at 5:30pm-9:30pm. There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

The full programme is as follows:
5.30 pm Mello welcome
5.35 pm David Stredder interviews Rosemary Banyard
6.10 pm Company presentation by Headlam
6.50 pm Alan Charlton presents educational insights
7.05 pm Company presentation by K3 Capital
7.45 pm Steve Clapham is Behind the Balance Sheet
8.00 pm Company presentation by Kanabo
8.30 pm Mello BASH with Kevin Taylor, Damian Cannon and Richard Crow

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[essentialinvestor] 16/11/2021 11:13

No comment on the recent CEO departure?.

[sophia1982] 11/10/2021 08:47

Mentioned positively in the last issue of SCSW. This should increase the interest.

[bda3490] 10/9/2021 19:52

The only comment I saw on Domus was writing off the goodwill ! Expensive folly.

Now that the other flooring distributor (Carpets and Flooring ) is owned by Carpetright and the old Headlam management are back on the LSE I think Headlam will need to step up a bit. The commercial market sluggish!!!! Not what Jhd market update suggests and as Headlam are major reseller of Jhd products could be they are losing some sales to others. That said Headlam have a great set up for selling other peoples products. I think more like the supermarkets sell it cheap but in massive volumes offering customers service availability

[tomps2] 08/9/2021 08:31

Headlam Group interim results presentation September 2021

CEO, Steve Wilson & CFO, Chris Payne outline the interim results, key accomplishments in the period and current trading.

Watch the video here:

Or listen to the podcast here:

[purplepelmets] 07/9/2021 11:26

enjoyed hearing it every time you did, don't stop :)

[essentialinvestor] 07/9/2021 11:20

There is also potential for a take out by PE, a sector currently awash with cash.

THat's a speculative reason to hold and is clearly not the sole consideration,
however their market position and cash generation is an attraction.

Tbf I've mentioned this previously a number of times and it has not happened yet.

[tole] 06/9/2021 06:58

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.'

[essentialinvestor] 03/9/2021 13:28

So some comments here and not sure how familiar people are with
Headlam over a longer term timeframe, as I first held in 1993 at 76 pence a share
might be able to add some context.

15-16 X earnings is right at the very top end of any multiple HEAD usually trades on.

Performance of the commercial division looked weakish, are they losing share to
JHD?, perhaps.

How much money has that Domos acquisition cost Headlam, on the day it was announced
I posted it was a disaster in waiting, paying what looked a cycle high price
from a PE owner who was arguably laughing all the way to the bank.

Not one, repeat not one comment since acquisition on the profitability, or otherwise of Domus, unless I've missed that.

[rjd123] 03/9/2021 08:38

Unfortunately still dropping today.

[mach100] 02/9/2021 22:55

I qm floored by today's drop.results were good and divi looks safe. Surely undervalued now.

[tole] 02/9/2021 18:14

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.

[hastings] 02/9/2021 08:42

Agreed Pug, more than happy to hold and most likely add on any further retrace.That said, could likely bounce upwards.

[pugugly] 02/9/2021 08:26

Excellent results - So why the mark down?

[bda3490] 26/8/2021 14:30

A lot of people in the flooring trade are buying likewise.

[william127] 18/8/2021 09:04

Likewise Group trading started today on AIM. They seem to be expanding rapidly?

[smarties123] 11/8/2021 14:24

I guess the question is will consumer demand stay strong for flooring products after reopening. It appears that the government want people to get back in offices so demand for those kind of products could come back, although to what extent is difficult to say

[hastings] 29/7/2021 10:11

Added revised numbers and thoughts for interest.https://martinflitton1.wixsite.com/privatepunter/post/trading-ahead-29-07-21

[pugugly] 29/7/2021 07:33

pp & Hastings - You beat me to it!!
"Full year performance anticipated to be materially ahead of current market expectations"

Should be a strong blue day - 490p mid pre market open .

[hastings] 29/7/2021 07:26

That's some beat, with a pre-tax expectation of £35m, broker had pencilled in £28m I believe.