James Halstead Share Discussion Threads

[bda3490] 10/10/2011 17:16

I like what Motley Fool said - a 35 year dividend machine. Or Investors Champion comment "forget commodities invest in Flooring". The Teesside plant is up and crawling wait till that gets swinging.

[wad collector] 06/10/2011 16:47

Closed at 470ish - that's more like the JHD we know.

[lundhousegreen] 04/10/2011 16:25

Manchester Evening News article.

[the other kevin] 03/10/2011 11:37

Thanks, WCB

[westcountryboy] 03/10/2011 11:18

1) previous very generous valuation; 2) cautious comments (esp about the motorcycle division); 3) slowing eps growth over three years now; 4) build-up of stock; 5) lack of special dividend or other original plan. Having said all that it is probably fairly valued c 400p on about 15 times historic earnings.

[the other kevin] 03/10/2011 10:56

Looks good so why the big fall?

[lundhousegreen] 03/10/2011 07:02

-- Record revenue increased to GBP213.9 million (2010: GBP186.4
million) - up 14.8%
-- Record operating profit increased to GBP38.3 million (2010:
GBP35.9 million) - up 6.9%
-- Record earnings per 5p ordinary share of 26.4p (2010: 24.8p)
- up 6.5%
-- Record final dividend per ordinary share proposed of 9.8p
(2010: 9.375p) - up 4.5%
-- Strong cash inflow from operations of GBP32.9 million (2010:
GBP36.5 million)
-- Nil net gearing

[wad collector] 26/9/2011 13:06

10.28p and a special of 30p.

2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Milkstone Ltd
22-09-11 BUY 38.00 26.40 13.20 40.00 27.80 13.90

I have never heard of Milkstone.I would be sceptical of anyone who tried to milk a stone.

[lundhousegreen] 07/9/2011 19:56

Cheers zeppo. I look forward to the results. Not that many companies you can say that about. Guessing 10.25p a share dividend. Anyone else fancy a guess??

[zeppo] 07/9/2011 18:19

lundhousegreen

Thank you for the info.

z

[lundhousegreen] 06/9/2011 07:58

RNS. JHD will be announcing its preliminary results for the full year ended
30 June 2011 on Monday 3 October 2011.

[wad collector] 16/8/2011 15:22

Past performance is no guarantee....

[bda3490] 16/8/2011 11:28

Funny Math. A year ago they were 320 now 460 - thats 45% and there have been 2 dividends

[saint or sinner?] 15/8/2011 23:11

You just know that in 12 months time you will be 10+% better off with whatever you invested here. Beats the bank/B Soc. returns hands down (and I was only thinking capital growth, not even thinking of divis).

0 ;-D

Saint

[wad collector] 15/8/2011 22:45

Yes, managed to pick up some cheap equities last week.Sit on hands time now.

[lundhousegreen] 15/8/2011 16:38

Still 30 odd pence more expensive to pick up today, Wad.

[wad collector] 14/8/2011 22:32

Didn't expect to pick up so cheaply last week , unfortunately triggered my buy limit too early at 441p.Still , happy to top up.

[lundhousegreen] 09/8/2011 12:03

Talked myself into another 1k, @ 405.5p (plus markets).

[lundhousegreen] 09/8/2011 11:01

Great buying opportunity!

[bda3490] 09/8/2011 10:56

Back below £ 4.00 with a thumping 9% fall

[bda3490] 26/7/2011 12:20

Market for UK commercial flooring 16% down ! Halsteads up by nicking some domestic. Well they did buy a cushion vinyl plant. But the statement says "sourced" product.

Continues to perform

[kiwi2007] 26/7/2011 08:16

"....the Board is confident that the Company will report another year of record profits for the year ended 30 June 2011 in line with market expectations."

Quality company!

[lundhousegreen] 26/7/2011 08:14

James Halstead plc.Pre-close Trading Statement.

"Continues robust trading and confident of reporting record profit"

James Halstead plc, the commercial flooring manufacturer and distributor, is providing the following trading update prior to entering the close period ahead of its results for the year to 30 June 2011.

In its interim results statement issued on 31 March 2011, the Company stated that: "The first half year trading was very solid with record revenue representing an increase of 15.2%. The Chairman, Mr. Geoffrey Halstead expressed confidence that the Company would forge ahead in the second half year.

Overall, this confidence was well founded and the Company has continued to trade robustly. Trading performances across the Company's export markets have remained strong and overall turnover should have increased by around 15%. The growth in our export markets is particularly strong and it is too simplistic to put this down to the value of sterling. Our exports have grown over a generation and we are well placed to continue supplying flooring to major infrastructure projects across the globe.

In the UK the commercial flooring market place has declined as might be expected in a building recession. Notwithstanding this, we expect turnover in the UK to be ahead of last year. Our home market has faced the challenges of price competition (as manufacturers look to hold on to volume) and an estimated 16% decline in the market for sheet vinyl. One of our key strengths is in refurbishment, but several large flooring contractors have gone out of business which has frustrated the smooth flow of ongoing refurbishment spending. None of this was unexpected and the UK commercial flooring market continues to be challenging.

Notwithstanding these problems, we have increased turnover in the UK, partly as a result of increased market share but also as a result of significant growth in sourced product which has crossed over from its target market of "light contract" into the "heavy domestic" marketplace. With the same route to market as commercial flooring, through flooring distributors, we have encouraged this expansion.

Rising raw material and energy costs have continued to impact on margins though there are some compensatory effects of which the most significant is improved margins on increased international sales. Our cash balances and even after dividends, acquisitions and plant expenditure it should exceed the levels of last year.

Riverside Flooring Ltd, the newest addition to the Group, which was acquired in November 2010, has incurred some significant costs as we tested, adapted and re-commissioned the plant. Previously the plant used to make domestic cushion vinyl.

Taking all the above into consideration the Board is confident that the Company will report another year of record profits for the year ended 30 June 2011 in line with market expectations.

[bda3490] 25/7/2011 15:52

Shares touching 500p - a new high