James Halstead Share Discussion Threads

[bda3490] 03/6/2009 10:57

Halstead's should be a positive stock. I read that the export side was slow in the start of the second half but then the whoile world seemed to have stalled. Not only do they export a lot they have overseas earnings which will be magnified by the fall in sterling. In addition they are high energy users (now cheap) and raw materials are falling. One presumes wage inflation is not an issue and they have installed new plant. The only minus can be if demand falls but it would need to be a fair bit. I think JHD would get more profile on the main market but what the hell its still a pearl

[lundhousegreen] 11/5/2009 15:06

JHD was in a broker newsletter last Friday, maybe something to do with that? (Undervalued IMHO anyway, with record profits & dividend, over £30m in the bank, with the only complaint that interest rates are not giving good return on the £30+ millions !!)

[wad collector] 11/5/2009 12:29

LHG, what is happening? Is it just the market waking up?

[wad collector] 30/3/2009 12:29

Impressive results.Surprised the spread has gone up to 20p on a bit of volume.Not sure about a £7 target - I would be happy with £6 again!

[lundhousegreen] 30/3/2009 10:39

Deserves some good press in this economic climate.
I see WH Ireland have raised their target share price to
700p , (from 685p) and retained their 'Buy' recommendation.

[lundhousegreen] 30/3/2009 07:40

Interim results.

[bda3490] 23/3/2009 12:06

It must be tough even for Halstead. They are 55% export so a waek £ will be good but there are a lot of bad markets out there. I expect from the statements made the half year will be a record - saw a brokers report of WH Ireland that says div will be up 10% and pre tax 13% - JHD consistent beat targets - remember last years profit warning - profits will be AHEAD of forecasts JHD must be a first with that type of warning. I could do with a few more.
That said I'm hoping they can pick up a bargain with the cash. Burmatex (part of Airea) must be for sale
I hear that Manchester Schhols are tendering for flooring - surely thats in the bag local etc

[lundhousegreen] 17/3/2009 12:03

I note that today WH Ireland reiterate their BUY note and have a target of 685p.

[lundhousegreen] 11/3/2009 17:26

James Halstead wins award
Kevin Feddy. Manchester Evening News
March 09, 2009

FLOORING firm James Halstead has won a top accolade for its work overseas.

The Radcliffe, Bury-based business has won HSBC's International Trade Award.

Judges said they were impressed by the company's investment in research and development, its market penetration and commitment to staff development and rewards, while shrugging off soaring energy and raw material costs to post record half-year results.

HSBC's Stuart Nivison said: "Their success is an example for the many businesses across the UK who in the current climate are adapting their existing domestic business model to make the most of the opportunities that international trade offers."

James Halstead exports to more than 50 countries for projects ranging from a school in Peru, a hospital in Australia and a cancer clinic in South Africa.

[energeticbacker] 29/1/2009 14:18

It's consistently delivered for so long that trading updates are always a tense affair – but why worry, JHD always delivers!

Investor's Champion has regularly covered this one www.investorschampion.com

[bloodsports] 28/1/2009 12:35

Wad- likewise. Good to hear from you tho.

[bloodsports] 28/1/2009 12:33

Good trading statment-had forgotten the weaker pound may help likes of halstead. looks like turnover and profit all in line of expectations and the normal warning of tougth bussness climates etc. Looks like they are going to be affected by falling returns on cash which when you consider there large cash reserves, any how it does say on the statment how much it is likely to affect them.

[lundhousegreen] 28/1/2009 07:41

Trading Statement.

[wad collector] 26/1/2009 12:56

There isn't much left of my pie.A lot of crumbs.Better delay my retirement a few more yrs......

[liarspoker] 05/1/2009 18:20

Well I'm in since the bounce - 380p. Not sure how long for though.

Fantastic internal returns here on limited debt. Great management too. A perfect Buffett stock imo apart from liquidity issues. It's hard to trade in size and therefore I won't commit a large wedge of my pie. :O)

[lundhousegreen] 05/1/2009 18:05

The analysts at WH Ireland have indeed said buy, describing JHD as "The Crombie Overcoat of Investment, seldom high fashion but never fails you in a storm. "
With a 12 month target price of 685p, and also they expect JHD to outperform the FTSE All Share by 15% or more over the next 12 months.

[hvs] 05/1/2009 15:15

lol !!!

Now the Anal ysts are saying BUY

This is going NOWHERE

[lundhousegreen] 05/1/2009 14:59

Starting a competition, wad? How about Jan. 2010. ;-))

[wad collector] 05/1/2009 14:13

I wonder when we will see £6 again?

[zeppo] 19/12/2008 19:15

Got back Wednesday after 8 nights away. Also attended AGM. I asked about R&D after the meeting and was told there are 15 graduates in the R&D dept. with specialist degrees in chemistry, mechanical engineering etc. Some 'blue sky' research is allowed but mostly it is focused on safety/non-slip surfaces etc, and other areas to stay ahead of the game.

With another divi rise forcast for the Interims, I came away very satisfied.

z

[bloodsports] 12/12/2008 14:42

Good old James Halstead-solid as ever. Good to hear they all seem positive at the agm. It is a set of managment I have a lot of confidence in.