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JHD James Halstead Plc

0.00 (0.00%)
24 Jun 2024 - Closed
Delayed by 15 minutes
James Halstead Investors - JHD

James Halstead Investors - JHD

Share Name Share Symbol Market Stock Type
James Halstead Plc JHD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 183.50 16:35:18
Open Price Low Price High Price Close Price Previous Close
185.50 183.00 186.00 183.50 183.50
more quote information »
Industry Sector

Top Investor Posts

Top Posts
Posted at 15/12/2023 16:13 by markatkinson
In this latest episode of the ‘Desert Island 🏝 Investor’ my very dear friend and fellow pod-castaway Paul Kerin and I discuss my holding in James Halstead and Paul’s recent AGM visit as my proxy -
Posted at 01/5/2023 11:37 by tmfmayn
Hi, I have recorded a 33-minute podcast with fellow investor Roland Head all about James Halstead! We talked about the company's Polyflor flooring, competitive position, old-school family management and why the share features on our watch lists. Links below!


[Podcast] JAMES HALSTEAD With Roland Head And Maynard Paton #JHD
Posted at 11/10/2022 18:22 by bda3490
Still giggling at the “didn’t understand the share spilt” comment from the seasonal investor!!

Twice as many at half the price !
Posted at 04/4/2022 16:59 by bda3490
I think they were about £4.70 when they split but the did go up to £3.25 £6.50 in old money)

Manufacturing can’t be easy with energy raw materials etc but this Russian war is messing everything. Computer chips wheat oil wood etc etc etc

Looks like the green credentials of many investors will be tested as defence and nuclear investments look to be the best bets
Posted at 04/10/2021 15:52 by bda3490
Well investors chronicle has written a positive piece
Posted at 02/6/2015 11:55 by sharesoc
We are holding one of our popular Investor Masterclasses in Manchester so local investors and shareholders in JHD may be interested in attending as JHD is based nearby our venue...
Posted at 16/4/2015 22:55 by wad collector
Just noticed it was tipped by Questor a fortnight ago....
James Halstead

Questor says BUY
JAMES Halstead [LON:JHD], the manufacturer of floor coverings, may not operate in the most exciting sector, but record profits, strong cash generation and a 40-year track record of rising dividends make the shares well worth a closer look.

The Manchester-based manufacturer has a 100-year history of production and has become one of the world leaders in vinyl flooring. Vinyl may sound very Seventies, but Halstead has invested in creating technically advanced flooring that is both low-cost and hard-wearing. These attributes mean it is demanded the world over by hospitals and schools. The company has been publicly quoted on Aim since 1948.
Halstead has an attractive business for several reasons. It is difficult for new companies to start up and compete because of the high cost of all the machinery required to produce its kind of flooring. The company’s manufacturing process also has years of technical expertise under its belt, which lowers cost and is difficult to copy.
Its global reach has reduced any reliance on one particular market and has helped spread any commercial risks. Halstead generates about 35pc of sales in the UK, 43pc from Europe, 15pc in the Far East, and 7pc from the rest of the world. The company is also helped by sales of flooring also having a certain degree of predictability. Gordon Oliver, finance director, said that about 80pc of business was refurbishment of buildings such as offices, shops and restaurants, with the balance going to new infrastructure projects such as hospitals and schools. Sales are, therefore, not dependent on big building programmes.
Halstead’s 10-year track record is also impressive; it has more than doubled revenue while pre-tax profits tripled.
Yesterday the company was confident as it released a record set of results. It said pre-tax profits for the six-month period to the end of December were up 5.3pc to £21.4m and revenue was 5.7pc higher at £117m, when compared with the same period a year earlier.
The strength of the pound has made exporting difficult, but the company is not making excuses. Geoffrey Halstead, the chairman, quoted Churchill in defiance alongside the results, saying: “Kites rise highest against the wind, not with it.” The Halstead family still retains a combined 40pc stake in the company.
Having weathered the strong sterling currency storm, the company should get help in the second half of the year from falling raw material prices. Halstead said the profit margins improved by 1pc during the first half as raw materials which, being plastics-based are partly linked to oil prices, fell by up to 6pc. That leaves market expectations for full-year pre-tax profits of £44m, giving earnings per share of about 16p, looking perfectly achievable.
Halstead also looks in good condition from a balance sheet perspective. The shares are backed by net assets of £96.6m, or about 47p per share, and there was £46.7m in net cash at the end of December. That cash level was 21pc higher than the same period a year earlier. The amount of cash generated in the six-month period rose to £28.3m, from £20.3m a year earlier. The cash covers the dividend payments more than twice and the interim dividend rose by 4.7pc, to 3.1p, ex-dividend on May 6 and payable June 5. The full-year dividend is forecast to rise by 10pc, to 11p, giving a prospective yield of 3.4pc.
The only issue is that the shares are looking expensive as they are near record highs, and trading on 20 times forecast earnings per share, which is a high rating given the single digit earnings growth. That said, the premium to the wider market looks justified, with Halstead’s track record of profits and return of cash to shareholders.
Questor is always wary about paying a high price for shares, and some investors may prefer to wait, but given the underlying quality they are a buy for the long-term.
Posted at 31/1/2013 15:20 by lundhousegreen
JHD flat'ish on the day, at 3-20pm. (298 / 305p). Investors now read the announcement thoroughly and properly?
Posted at 14/12/2012 16:23 by lundhousegreen
I think some shareholders who sold read too much into the chairman's statement.
The brokers have not changed their position, and some investors have been nicely mopping up JHD shares. (Nice one "wad collector" at 554p).
Posted at 16/10/2012 21:16 by westcountryboy
Hi Saint or Sinner

You may not see this retracing but on my calculation the PE ratio just after the results in each of the last five years has been: 2008 10, 2009 12, 2010 15, 2011 18, 2012 22. It just is not going to go on increasing at the same rate. All sorts of homely wisdom comes to mind, such as Buffett's 'you pay a high price for a cheery consensus'. All it needs is one slip and that premium PE ratio will disappear. You may think it's ultra-safe, but in my view it is rather high-risk. So, after nipping in and out quite a bit over the last eighteen months, I am now out altogether. But then I am a value rather than a growth investor. Good luck! It takes two to make a market.

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