James Halstead Share Discussion Threads

[lundhousegreen] 30/1/2012 08:27

Another encouraging pre-close statement.

[bda3490] 10/1/2012 12:15

Old Reliable !

[dashton42] 06/1/2012 07:21

JHD one of the Tips of the Year in today's Investors Chronicle...

[lundhousegreen] 04/1/2012 08:25

Appointment of non-executive director

James Halstead plc, the AIM listed manufacturer of commercial flooring, is pleased to announce the appointment of Stephen Hall as a non-executive director with effect from 3 January 2012. Stephen David Hall, aged 57, has had a career in banking, initially with Nat West but latterly with RBS Group where he was Director of Corporate Banking in Manchester. Since taking early retirement he has acted for several clients involved in acquisitions and associated bank facility negotiations. In addition, he was previously a director of Hember Ltd within the last five years and is currently a director of Pathvalley Ltd, which owns and operates a chain of retail pharmacies.

Commenting Geoffrey Halstead, Chairman, said: "We are delighted to welcome Stephen to the Board and I am confident that his extensive business experience will be of significant benefit to the Company."

[trigger blade] 06/12/2011 18:15

I made a tongue in cheek reference to the buffet last year, but you couldn't call the Halstead spread sumptuous, fish goujons are just about the highlight, along with the smallest sausage rolls known to man.

The attendance was noticeably larger this year, maybe people were seduced by the prospect of the cheeseboard......

[superstardj] 05/12/2011 20:27

Half a dozen chicken runners - must make a date for December next year. I thought the days of corporate AGM hospitality were long gone. Best one around used to be Dobson Park at the Midland - a quiet invite from Jim Francis to those in the know to slip into the next room for the sit down! Happy days.

[grahamburn] 05/12/2011 19:35

But only as a result of the tender offer.

[lundhousegreen] 05/12/2011 18:08

RNS. Change in the family shareholding....

[bda3490] 05/12/2011 16:55

The lads who wrap up the food and drink till they drop were there again. Saw one wrap up half a dozen chicken legs.

[alter ego] 02/12/2011 07:26

very comforting statement

[lundhousegreen] 02/12/2011 07:11

Chairman's Statement to the Annual General Meeting

James Halstead plc, the commercial flooring company, will hold its AGM today at 12.00 noon at which the Chairman, Mr Geoffrey Halstead, will make the following statement: As is customary, I would like to give you an update on trading now that we are five months into the current financial year.

In the UK the general economic climate continues to be fragile and spending patterns of end users appear cautious but I can report that for the 5 months of this current year our sales in this country are about 4% ahead of last year. In addition, the greater part of our business trades globally and overseas we continue to achieve record sales. Turnover for the first half of our financial year can be expected to be at record levels.

In addition, we have seen some respite from the constant upward trend in raw material prices and a degree of amelioration in availability and I can be confident of profits growth and another record half year. Indeed the combination of raw material prices and exchange rates suggests profits will grow faster than the rate of sales if the situation continues. The uncertainties of government spending in parts of Europe and the UK, the ongoing debt crises and the questions over the Euro lead us to remain vigilant. Notwithstanding this, as I look around our businesses we are in robust health and should continue to progress. I joined the Board of this company at the AGM in 1962, at a time when our annual turnover was below the level of what today is sold in a week and it is time for me to take a step back. I have acted as Executive Chairman for the last decade and will continue on the Board but as Non-executive Chairman.

[superstardj] 30/11/2011 17:31

42% against my guess of 65% - what do I know!! Bda's right: JHD should have done 5% capped at £11m. A learning curve for one and all.

[lundhousegreen] 30/11/2011 16:30

Yes bda, you are correct in my miscalculation, and agree to your circa 42%.

[wad collector] 30/11/2011 16:28

Glad they didn't have to pay too much for them.If the sellers had been cynical , they could have bumped up the price by buying on low volume during the 5 day period.Perhaps they did.
But they could have sold them for more a few months ago.

[bda3490] 30/11/2011 16:17

Now I just need to buy some back at the bottom of the spread because with my luck the'll shoot up

[bda3490] 30/11/2011 16:10

The take up was 41.7%!!!! ie 1,087,064 /((103,178,794+1,087,064)*2.5%). You are making the error of thinking that the £ 11 million cap comes into play butit was obvious that not everyone would apply. Had they done so the £ 12.35 million (being 2.5% of the share capital at the offer price )would have been capped - it wasn't so those that did apply got 12.35/11 or 12% more than their fair (ie 100% tendered)share. If the offer had been for 5% of the shares then the 41.7% would have got £ 10.3 million. I think that they should have tendered more !!!!!And the great thing is it puts the share price up because there are fewer shares. Makes you wonder why they didn't do 5% capped at £11 million
Bet we see more of these.

[lundhousegreen] 30/11/2011 14:58

The takeup for the tender offer is 47.27%.

[bda3490] 29/11/2011 16:53

Tomorrow we find out, I shall stick with 43%

[lundhousegreen] 29/11/2011 08:04

Thought it was 2.5% of holding, not 25%. Maybe the broker has lost the point!! LOL

[wad collector] 28/11/2011 23:37

My brokers note says that I can apply to sell up to 25% of my holding under this plan .Mind you , the same broker allowed me to keep these in my ISA for yrs!

[alter ego] 28/11/2011 13:20

agree lundhousegreen, no intention of cashing in any of mine.

[lundhousegreen] 28/11/2011 13:18

If the average mid price has been about 455p, it will give a distribution price of 477.75p. (+22.75p). I would hope that the share price will be above this level(not saying it will immediately)in the short term if shares are taken out of circulation. I would be entitled to £xxx, no dealing costs, and of course, it's not to be sniffed at, but as a long term holder, I see that the short term loss of the money will be a good decision longer term in respect of a higher share price and higher dividends.
We can only wait and see.

[bda3490] 28/11/2011 10:14

I am tempted to reguess at 43% not because I dont think this is a good way to distribute(95% of the shareholders have a holding below 50,000 shares and 70% are private holders - that means by my calcs all would be at ZERO tax because of the CGT exemption) BUT people don't understand it is a distribution. Hope some of the bleeters get the Fergie treatment if they try to moan at the AGM.

I shall of course use the divi and the tender to buy some more because of the spare cash.

As Elvis said - love me tender or was it "Return to tender"