James Halstead Share Discussion Threads

[westcountryboy] 17/4/2013 18:35

I'm not a chartist, but actually if you look at the long-term charts it seems to have fallen through the support in the rising channel, and this would suggest to me that 220p is a clearer support level.

[wad collector] 17/4/2013 16:19

Not a bargain , but a solid buy at this price if you want to hold long term I think. Look at the longer term charts.

[redips2] 11/4/2013 16:02

agree alter, my broker confirmed the p/e just after i posted---cheers, will look at wgb .

[alter ego] 11/4/2013 15:58

not sure about "cheap". P/e for y/e 2013 is 18.6 and next year is 17.6 with little or no growth expected. Yield is ok but nothing special either. Compare that with Walker Greenbank WGB who make wallpapers and fabrics where p/e of 10.3 reducing to 9.8 next year with growth of 34% and 6%. Now JHD is a bigger company so deserves a premium for that but to me, only one of these is cheap IMO and it's not JHD.
Nevertheless, I hold JHD and WGB for the long term.

[redips2] 11/4/2013 15:04

well----could this be o/s ?

looking cheap whatever.

[wad collector] 03/4/2013 10:03

Sorry , getting my Acronyms in a confuddle.

[trigger blade] 28/3/2013 11:00

Is that similar to ISAable? :-) Earlier, the spread came right down to less than 1p, albeit briefly.

I'm kicking myself for not selling my modest holding yesterday, as today's reaction was entirely predictable. If I'd done that and bought back in early today, I'd have had 10% more shares for free. I'm really good at hindsight.

[wad collector] 28/3/2013 10:25

Spread 15p so I shan't bother , especially as not yet AIMable.

[alter ego] 28/3/2013 09:21

there's no arguing with that sort of reasoning

[lundhousegreen] 28/3/2013 09:11

Same thing happened at pre-close statement, and then a steady rise in the share price

[wad collector] 28/3/2013 08:46

Buy time again?

[alter ego] 28/3/2013 08:10

I agree but the other problem is that once the special div has been paid, the share price is likely to adjust down since there's nothing left to keep it high. See IND as a recent example.

[westcountryboy] 28/3/2013 08:06

And one of the problems with an inflated share price is that 'special' dividends become less special. A 7p special div on top of a likely 8.75p total div only gives a yield of just over 5%, which is good but not great since it's three years since the last one.

They could have afforded much more, given that cash is at £52m and the pension deficit has shrunk to £9.4m - a wasted opportunity I fear.

[alter ego] 28/3/2013 08:04

eps for the last 6 months is 7.7p, the forecast is 15.17p so at about £3 a share I make that nearly 20. Where do you get your "average p/e"?

[lundhousegreen] 28/3/2013 07:50

The average p/e , I am told, is currently 13.

[alter ego] 28/3/2013 07:21

"Overall, a satisfactory six months trading."

yes, but the forward p/e is nearly 20 and this strikes me as rather too rich given the headwinds being faced. would not be surprised to see an adjustment to a lower rating.

[lundhousegreen] 28/3/2013 07:05

* Operating profit increased to a record GBP21.3
million - an increase of 2.1%

* Pre-tax profit increased to a record GBP21.6 million
- an increase of 2.2%

* Basic earnings per ordinary share increased to a
record 7.7p - an increase of 6.9%

* Interim dividend increased to a record 2.75p - an
increase of 10%

* Net cash at GBP51.9 million


* Proposed special dividend of 7.0p

The Chief Executive, Mr. Mark Halstead, commented:

"Having, once again, achieved record profits and with a bulwark of a strong balance sheet it is pleasing to announce another special dividend. But it is clear market conditions are not easy, it has been difficult for many companies since the financial crisis of 2008 affected us all. We have since that time raised turnover by 54% and profit by 193% which is clearly testimony to our strength."

[zeppo] 25/3/2013 18:30

lundhousegreen

Thank you for the two company names.

As well as JHD I have some FCRM and may go back into BPM. Recommended but again not without risk.

I went to the FCRM AGM last year. Slow orders/lack of orders caused a pull-back of the share price a couple of months later. They would expect to benefit from building expansion but that may be slower to come through than the government would like. I believe that FCRM may also get some infrastructure work from 'fracking' but that work, if it comes, is some years away.


z

[lundhousegreen] 24/3/2013 15:59

Yes, you are correct that all "junior" Aim stocks are included.
The only other Aim stocks I have apart from JHD are Transense, and
Gulf Keystone, a couple of high riskers.
LHG

[zeppo] 24/3/2013 12:08

lundehousegreen

I believe that AIM stocks are also exempt from Inhertance Tax.

Do you follow any others?


z

[lundhousegreen] 24/3/2013 07:37

As I understand from The Budget, it looks like JHD shares will be exempt from stamp duty and will be ISA'able from April 2014.

[lundhousegreen] 10/3/2013 06:40

With all the sells over the last couple of trading days, the price going up
on Thursday, and steady on Friday, I wonder if there is a big buyer in the
background? Guess we'll have to see how the price fares this week, and if
a large buy trade appears.

[lundhousegreen] 07/3/2013 22:26

Good to see these shares close above £3 for the first time in a while.
(310p / 314p). May it long continue.

[nehpets81] 01/3/2013 16:17

28th March... another month to wait I think!

[zeppo] 27/2/2013 19:03

Interims 28th March.

Hope things begin to pick up again


z