James Halstead Share Discussion Threads

[roypritchard] 01/10/2007 07:23

I think the special div is pretty safe now LHG, those are a nice set of figures. Profits up 33% - we can't ask for much more than that! Wonder what we're going to open at this morning?

[lundhousegreen] 24/9/2007 18:12

Daily Mail website.

BUILDING AND PROPERTY
Now could be a good time to sweep up at commercial floor-covering manufacturer James Halstead. It reports full-year profits a week today, and word is profits should be above market expectations on the back of strong second-half sales.

[lundhousegreen] 21/9/2007 10:40

Probably get a good idea after the results a week on Monday,
but IMO, a fair chance of a special divi.' announcement at
the AGM in December, if the directors think it is prudent to do so.

[wad collector] 21/9/2007 09:03

What chance another special dividend?

[midasx] 13/9/2007 21:55

Date: Wednesday 28 Mar 2007

Flooring manufacturer James Halstead also reported record turnover and pre-tax profit pushed by overseas sales.

Turnover increased by 12.9% to £71m, while pre-tax profit rose by 30.1% to £11.1m.
Overseas sales increased 17% in Central Europe, 11% in the Pacific region and 12.8% in the UK. The interim dividend is up 23.5% to 5.25p.

Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Jun-02 93.03 11.27 14.40p n/a n/a +17% 6.88p 0.0%
30-Jun-03 99.78 12.21 16.40p 8.8 0.6 +14% 7.55p 5.2%
30-Jun-04 104.70 24.09 17.45p 13.9 2.3 +6% 8.88p 3.7%
30-Jun-05 112.35 13.76 9.60p 29.8 n/a -45% 9.88p 3.4%
30-Jun-06 126.02 17.48 23.80p 15.7 0.1 +148% 12.50p 3.3

Forecasts

Year Ending Profit (£m) EPS P/E PEG EPS Grth. Div Yield
30-Jun-07 15.74 30.80p 18.2 0.6 +29% 15.00p 2.6%
30-Jun-08 16.51 32.30p 17.4 3.6 +5% 15.70p 2.8%
30-Jun-09 17.53 34.30p 16.4 2.6 +6% 16.70p 2.9%

Covering analysts: Altium Securities

Halstead profits ahead of forecasts
Date: Wednesday 25 Jul 2007
LONDON (ShareCast) - Flooring manufacturer James Halstead will post full year profits above expectations as it continues to motor forward in Australia and on the Continent.

"The strong sales performance for the first half reported in March 2007 has continued into the second half of the year with all subsidiaries reporting turnover increases. The continental european based subsidiaries, Australia and UK dostributor Phoenix are on line to report 'like for like' double-digit sales growth," Halstead said in an update.

On the downside, the group said its UK based manufacturing facility has continued to face increases in raw material price and energy costs, but it added that margins have been maintained.

Full year figures to be ahead of forcasts!

[wjccghcc] 11/9/2007 18:00

Perhaps, but on a PE of 18 with 5% EPS growth consensus next year, they'll have to beat that forecast as well to justify the rating.

[lundhousegreen] 11/9/2007 16:31

In the pre-results trading statement, it was stated that "it is anticipated that the Group's pre tax profit for the year just ended will be above market expectations."
IMO, the current share price does not appear to take this into account, and somewhere back above 600p at this stage should properly reflect this.

[lundhousegreen] 10/9/2007 10:24

Notice of preliminary results.
James Halstead plc will be announcing their preliminary results for the full
year ended 30 June 2007 on Monday 1 October 2007.

[roypritchard] 03/9/2007 17:26

Looks like the seller has appeared this afternoon - didn't budge the price though - now he's hopefully out the way, it would be nice to see this over 600p again.

[lundhousegreen] 24/8/2007 18:14

MM's would only sell me 400 electronically this afternoon. The price appears
to be being kept artificially low by the MM's.
I have checked and my broker is not aware of any stock overhang or seller in the market, and he usually knows!
All very strange.

[roypritchard] 24/8/2007 10:27

I think the MM's are shaking this - still dropping, but everyones snapping more up - I've had another few at these levels.

[lundhousegreen] 23/8/2007 14:57

Didn't think I would get another dip in the 560's, but worth
adding another 1k IMO.

[lundhousegreen] 18/8/2007 19:53

Just a few panic sellers pushed the share price down, IMO, but that's when they
were worth picking up more. Most shareholders are very long term in this share,
including myself. When do you ever see directors selling? Only to
transfer to another member of their family. Currently one of the better
AIM shares around, IMHO.
LHG

[wad collector] 18/8/2007 14:28

It has outperformed the market over the last fortnight, looking robust.

[lundhousegreen] 15/8/2007 09:39

I would be a lot happier when the share price goes back over 600p. Already hints
of good news in the final results in Sept., so IMO, the drop was only
following the market, not dropping on fundamentals.

[lundhousegreen] 14/8/2007 08:41

Bounced back from 560p twice in two days.... here's hoping that's the
low of the year.

[losses] 14/8/2007 08:04

any further drops and next stop is 540 ish. looking to add here.

[lundhousegreen] 10/8/2007 14:32

Added 1500 this afternoon, but keeping the tin hat ready for more volatility!

[lundhousegreen] 01/8/2007 16:33

IMO, good timing to put out the trading statement last week, or the
SP, which has been very resilient this week, would probably have followed the
rest of the market downwards.

[lundhousegreen] 29/7/2007 07:38

Found this in the Manchester Evening News from last Thursday.
--------------------------------------------------------------------------------------------
Going's good for Halstead
Kevin Feddy
26/ 7/2007

FLOORING firm James Halstead is galloping towards record annual
profits, despite rising raw material and energy costs which will wipe
£1.5m off earnings.

The company, based at Radcliffe, said in a trading update it had seen
strong sales across its operations, with particular growth in Europe
and Australia.

Those subsidiaries are on course to post like-for-like increases of more
than 10 per cent for the year to June 30.

Overseas orders have included supplying major airports in Iceland and
Turkey, and Russian naval ships.

In the UK, the AIM-listed business has benefited from lucrative contracts
at Ascot, Aintree and Doncaster racecourses, as well for hospitals,
schools, Greater Manchester buses, shops and ambulances.

City analysts had forecast profits of £22m on sales of £142.2m, but the
firm now expects to beat those estimates. James Halstead's shares
edged up 6.5p, or just over one per cent, to 627p, valuing the business
at £321m.

It employs 600 people in the UK across its factory in Radcliffe, depots
in London and Birmingham and national sales teams, and a total of 850
worldwide. Its main factory was upgraded this year, and completed ahead
of schedule.

Finance director Gordon Oliver said the factory faced additional costs
of £1.5m this year for raw materials and energy bills, but that increased
sales of products manufactured elsewhere have helped to maintain margins.
Mr Oliver said: "Our sales forces overseas are doing their job spectacularly.
Our 25-strong team based in Cologne has been successful in winning
contracts for shops and offices in Germany and have moved into
emerging markets such as Hungary, Slovakia and Slovenia.

"We have also seen strong growth across France, Spain, Holland and
Luxembourg.

"It appears there is a lot more economic confidence in Europe, after
struggling for a few years."

[roypritchard] 26/7/2007 11:18

I noticed they had a small mention in the sun city round up this morning.

[lundhousegreen] 25/7/2007 13:19

I agree, re: special divi',(as in my post 294 on 20th June).
It is true also that the market appears to pick up on good news a few days after the event. Maybe a weekend tip off one of the papers might help the cause.

[roypritchard] 25/7/2007 12:49

Good news yet again from Halstead. It always seems that it takes a couple of days for the market to catch on, it'll be interesting to see what the share price is going to be towards the end of next week. Looks like we might be in line for another 30p special divi.

[lundhousegreen] 25/7/2007 07:12

More great news from Halstead's pre close statement. (ahead of market expectations)

[lundhousegreen] 06/7/2007 14:10

At the moment it looks like the MM's want stock. 4k sold at 2p below the bid touch price, and the bid moved up again to 614p. ;-)
Edit: Closed 618p / 620p.