Headlam Share Discussion Threads

[cisk] 27/2/2015 10:15

EI, I agree. Also like the fact that this BB is quiet with sensible postings.

Even carpetsh1te had decent results, so expecting a solid performance here. Head remind me of Travis Perkins - well managed, expand in a recession, small bolt-on acquisitions and investing in distribution.

All supported by a good yield. Happy holder.

[essentialinvestor] 27/2/2015 09:55

Results next week, overlooked IMV.

[jeffian] 29/8/2014 10:13

Indeed. Bearing in mind what has been happening in the UK housing market, it has only been a matter of time for this company to benefit. Should be in the 'sweet spot' now.

[cisk] 29/8/2014 07:55

Pug - agreed, great results for what is a well managed company - let's hope they start heading back to £4.80 again...

[pugugly] 29/8/2014 07:35

Excellent results. Sould get a bounce today (imo)

Interim Financial Results for the six month period ended 30 June 2014

Headlam Group plc ("Headlam"), Europe's leading floorcoverings distributor, announces its Interim Financial Results for the six months ended 30 June 2014.

[jeffian] 16/5/2014 10:08

I didn't know anybody else held these!

[burbelly] 16/5/2014 08:55

quiet here

[rathlindri] 18/3/2014 14:34

nice forecasting

[malcontent] 13/11/2013 08:31

my mickey mouse chart-reads say this is a share that likes the "pound-marker" by which I mean it sets easy targets at round pounds. Clear? no, I didn't think so.In simple terms, if it breaks £4, my target will be £5.

[chub] 31/10/2013 10:53

Having made a few K over the years on Headlam I have some affection for the company. Has been a very rocky ride at times and I sold my last holding for £3.96 a share some weeks ago (a nice profit).

Would like to hear other more expert opinions (than mine) on what the future holds. Often quite a big spread shown.

[jeffian] 31/10/2013 09:51

The persistent good news on the wider economic front (UK growth figures etc), the previously stated improvements coming through from housebuilders and builders' merchants and stunning figures coming through on new car sales (I hold PDG - not directly related, I know, but a sure sign that consumers are spending again) surely must be reflected in HEAD's business? It may not have come in time to impact on the figures to y/e December 2013, but I wouldn't be surprised to see a more positive update at the next announcement. The caution in the last statement wasn't specifically about pressure on sales but a "lack of visibility" about the future. Maybe the fog has cleared a little? Sure, Europe remains in the mire, but that's only about 16% of HEAD's business with the bulk in the UK. I am anticipating better news going forward.

[jeffian] 21/10/2013 10:14

We usually get an IMS in November. Although the July trading update was very downbeat about the floorcoverings market and the Interims talked of a "lack of visibility on forward revenue streams", with all the positive news that is coming through on the housebuilding and builders' merchants front, it's hard to believe that some of this improvement isn't rubbing off on HEAD's market.

[cisk] 04/9/2013 21:03

H2 will be key for HEAD - if 2 or 3 months show improved sales and steady margins then I think we'll see a sustained share price north of £4.

The yield is just over 4% - would be nice to see div cover nudging 2 rather than 1.5. Only fly in the ointment is broker forecasts of 24p eps - been steadily guided lower over the past few months - but make of that what you will.

With the +ve glow around such stocks at the moment and improved metrics in the economy, I could see the straight-talking guidance from the BOD being surpassed by performance over the next few months.

Regardless, a long-term hold for me!

[jeffian] 04/9/2013 09:29

Thanks, Cisk. I hold TPK too! I agree with all you say about HEAD and, although it has had to run uphill for the past few years whilst its markets have been in recession, it seems to have managed pretty well and it fits one of my key criteria by paying a good divi while we wait. As you say, tightly run so any improvement in the floorcoverings market should filter down to the bottom line pretty quickly.

[cisk] 03/9/2013 23:54

jeffian, I'm in this stock and I have a view. It's a quality outfit, tightly run, makes the odd smaller acquisition and expands when it's cheap to do so.

It's conservatively managed, offers a good yield, and will benefit substantially from any uptick on the floor coverings market.

Reminds me a lot of another holding, Travis Perkins. Both companies are relatively conservative, expand when it's cheap to do so, and invest in their businesses.

BTW I've found the company to be very quick to respond to shareholder queries - and from the CEO no less. Not many companies respond as quickly or as helpfully - FWIW.

Regards

Cisk

[jeffian] 03/9/2013 20:22

Hmmmm! Not only still punting your website but looking as if you're on the wrong side of the trade, too. There was a piece in today's Telegraph about Britain's factories working "full tilt" (can't find it online) which mentioned that one of the drivers for growth was the housing market with "household goods and floorcoverings" leading the way. I imagine today's share price action was in response to that.

Happy shorting!

[birdsedgeuk] 28/8/2013 17:09

Im short on this....390 after reading posthttp://www.traderdiary.co.uk/trades/4575562589

[jeffian] 07/8/2013 19:47

What IS going on here? The statement of 8 July contained both a profit warning and a fairly gloomy outlook......and the share is spiking to new highs in a way never seen before! And on a bad day in the market. Surely something is up? Corporate action? Anybody else out there still in this stock with a view?

[jeffian] 31/7/2013 19:01

Well this is a funny old share. They put out a profit warning......and the share price hits new high! Whassup? Is someone going to take a pop at them?

[salpara111] 08/7/2013 11:50

Given the declining sales/profits and more specifically the rather grim forward looking statement I am surprised they weren't marked down more this morning.

[jeffian] 08/7/2013 10:12

Hmmm! Or not, as the case may be!

[jeffian] 31/8/2012 10:39

Quite respectable results. This company seems to be remarkably good at extracting more from a static market. Maybe you CAN get blood out of a stone! Hopefully the increased market share and efficiencies that have seen them through this prolonged recessionary period will translate to the bottom line when their markets improve.

[jeffian] 14/2/2012 13:48

Funny how this share moves quite sharply on minimal volume. Wonder what it is this time? There has been a year-end Trading Statement on or around 20/1 for the past 2 years, but nothing yet this year. Is it imminent?

[lbo] 20/7/2011 10:43

Headlam, the European floor-covering distributor, has, like the retailer United Carpets, bucked the downturn in the carpet market by rolling out stellar figures for the first half of the year. Analysts at Peel Hunt said the result was "excellent" in what the distributor's management called a "flat" market, particularly in the UK

[martynm] 20/7/2011 08:48

Why was there a sudden movement up yesterday?
What a surprise today:-

"Headlam, the European floor-covering distributor, has, like the retailer United Carpets, bucked the downturn in the carpet market by rolling out stellar figures for the first half of the year. Analysts at Peel Hunt said the result was "excellent" in what the distributor's management called a "flat" market, particularly in the UK, where its like-for-like sales surged by 7.4 per cent. It's also worth noting that Headlam trades on what is a relatively modest forward-earnings multiple of 11.6 times. Buy, recommends the Independent."

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