James Halstead Share Discussion Threads

[trigger blade] 04/4/2012 13:07

I feel sure that the "new" plant will play a very important part in JHD future growth. I'd be really interested to know what kind of potential capacity increase it gives the company, at what looks like a very modest investment cost.

I understand that the capacity at Riverside is something like 20 million m2. I have no idea what the Whitefield plant can make, but at £200 million turnover, at say £10m2 average, that's 20 million m2 as well. I have no idea whather £10m2 is right, it may be high, just a guess, anybody with a better idea?

Anyway, it's a very significant increase in capacity, which would have been impossible at Whitefield and much cheaper than starting from scratch somewhere else.

[lundhousegreen] 03/4/2012 14:33

Talking to the chairman at the 2010 AGM, I believe it was circa
£4m plus £2m to re-equip to JHD specification.

[bda3490] 03/4/2012 12:52

From the accounts it must have been about £6 m. It is on a 40 acre site and it started up in 3 weeks. Beyond smart its almost theft.

[superstardj] 30/3/2012 14:43

And they got it for a bargain price from, I think, Armstrong in the first place. Smart!

[lundhousegreen] 30/3/2012 13:03

Halstead's receive a £1m grant to develop its factory on Teesside.

[superstardj] 30/3/2012 11:23

How about this from the Sanford Deland UK Buffettology Fund commentary last month:

At launch, I certainly didn't foresee so hostile an economic environment. So I guess it's not surprising that a few investee companies, like Air Partner and Hornby, have succumbed to cautionary trading statements. Meanwhile, others in the portfolio sail majestically through troubled waters. Take James Halstead for example, on course for another record year. The Crombie overcoat of investment – never the height of fashion but it won't let you down in a storm (as 35 consecutive years of dividend increase and additional returns of surplus capital prove).

[lundhousegreen] 29/3/2012 12:22

It's usually a 12 month view.

[bda3490] 29/3/2012 11:36

The Broker - Arden Partners recommends a buy, but they are the paid one. WHIreland has it as a buy with a target price of 600p. Thats optimistic.

[lundhousegreen] 29/3/2012 10:47

Boring is good. Especially looking at other "defensive" shares over the
past few years which have been dreadful.

[bda3490] 29/3/2012 09:11

Reassuringly boring!

[billy_liar] 29/3/2012 08:47

By far my biggest holding. I've hung onto these for 10+ years now, and they have outperformed every attempt I have made at being nimble in and out of other holdings to boost annual returns. LTBH really does work!

[wad collector] 29/3/2012 08:34

These results have become rather predictable.Another record everything.Again.
Only thing missing is a 50p special.We'll just have to settle for capital growth.
What a star!

[lundhousegreen] 29/3/2012 07:25

·
Revenue increased to a record £117.7 million - an increase of 10.9%
·
Operating profit increased to a record £20.8 million - an increase of 13.2%
·
Pre-tax profit increased to a record £21.1 million - an increase of 14.1%
·
Basic earnings per ordinary share increased to a record 14.4p - an increase of 16.1%
·
Interim dividend increased to a record 5.0p - an increase of 11.1%
·
Net cash at £36.9m - an increase of 22.9%

The Chief Executive, Mr Mark Halstead, commented:

"Having, once again, achieved record profits in challenging conditions, I recall in 1995 Sir John Harvey-Jones described our company as having "consistency of aim and performance with results obtained highlighting sound management principles as much as spectacular growth." I can confirm that we continue to adhere to these principles."

[zeppo] 22/3/2012 11:19

Interims 29th March.

z

[bda3490] 19/3/2012 15:52

WH ireland also have it as a buy with a target value of 582p. Sounds OK

[wad collector] 19/3/2012 10:53

Somebody just paid 520p this morning - this company is a delight.
Two broker recommendations at end of last week.Mind you , Milkstone have had it as a buy for a long time I think.
2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Arden Partners
16-03-12 BUY 41.80 29.05 15.00 44.60 31.12 15.75
Milkstone Ltd
15-03-12 BUY 41.60 28.70 15.00 44.00 30.30 16.00

[lundhousegreen] 06/3/2012 15:43

Good article find. I never thought Phoenix sat well with the rest of the company.
IMO a good decision to focus on the core business.

[aderemi] 06/3/2012 14:59

Phoenix Distribution was formed 20 years ago after the closure of Belstaff International and has been a valued part of the James Halstead Group plc since its inception.

During this period the company has moved premises three times due to expansion and over the years built a successful motorcycle accessory business.

However, more recently Phoenix has been seriously affected with the recession particularly with the weakness of sterling pushing up import prices and keeping confidence low and this, together with a declining motorcycle market and sales, has led to a reassessment of the business.

It is with sadness that we inform you that the Board of James Halstead Group have taken the decision to seek an exit from the motorcycle business and 2012 will be the final year with the Group's involvement.

James Halstead has not looked to sell the business and has talked with its longstanding partner Arai and both companies plan to work together to ensure that there is continuity of support in the UK through the transitional period.

It is too early to say what form the exit of James Halstead will take and this decision will be made after talks with the various brand owners but at this time, an orderly closure looks the most likely option.

[wad collector] 17/2/2012 08:44

Looks like normal service has been resumed as it tickles a fiver - all time high (ignoring the split).

[dashton42] 31/1/2012 13:31

Investors Chronicle reiterates its "Tip Of The Year" JHD buy recommendation today

[trigger blade] 31/1/2012 09:45

In the 2011 Annual Report, there are several references to the Teesside factory, which is now up and running, albeit at modest levels compared to its potential.

I doubt that we've seen much if any profit from that venture as yet, but as the volume grows, it should become very profitable. Its production will replace products currently sourced from outside the group. That must mean improved margin, otherwise there isn't any point in doing it.

[billy_liar] 31/1/2012 09:26

Should breach £5 soon enough, then blue sky ...

[wad collector] 30/1/2012 09:59

Indeed.Hold and smile.