James Halstead Share Discussion Threads

[wad collector] 19/11/2014 13:26

305/285 spread makes the displayed midprice of 305 (still) rather misleading still.

[wad collector] 18/11/2014 21:09

Couldn't find anything either , but the volume was pretty low , so wouldn't be surprised if just Noise. And it will be back to 280 tomorrow.
Also the midprice is misleading , as ADVFN often seems to quote the Bid price as mid-price , not the Offer price , the true rise was more like 20p , or 7%.

[vulgaris] 18/11/2014 17:48

No news, but 8% up today after going nowhere, or drifting downwards, for ages.

Any explanation?

[deadly] 03/11/2014 09:20

Hasn't been affected much either way by the recent market turmoil.

Goes XD for 7p this week and looks like a good buying chance given its prospects.

[gunter guil] 01/10/2014 16:36

so much bad management around in listed companies at the moment that it's a welcome break when you see a well run firm. Nice one.

[bda3490] 01/10/2014 10:24

Div up nearly 17%

and a centenary divi next year

not bad at all at all

[billy_liar] 01/10/2014 09:48

Very nice!

[wad collector] 01/10/2014 08:47

I like this bit

"The new financial year has continued with positive growth."

Look solid. £3 again soon?

[lundhousegreen] 01/10/2014 07:47

-- Revenue at GBP223.5 million (2013: GBP217.1 million)
- up 3%
-- Profit before tax GBP41.8 million (2013: GBP40.5 million)
- up 3.1%
-- Earnings per 5p ordinary share of 15.2p (2013: 14.5p)
- up 4.8%
-- Final dividend per ordinary share proposed of 7.0p (2013:
6.0p) - up 16.7%
-- Nil net gearing


Mr Mark Halstead, Chief Executive, commenting on the results, said:

"We remain on track to continue growth, and following a decade which has seen a financial crisis and a global construction contraction and in which we have doubled turnover, tripled our profit after tax and quadrupled the dividend, I can only say not bad at all."

[wad collector] 30/9/2014 20:16

I like the look of a share price rise on day before results.

Let me hazard a guess , pretax of £45M on turnover of £240M ?

[zeppo] 21/8/2014 15:27

Finals 1st October 2014.

z

[wad collector] 05/8/2014 19:51

You are right - I was misled by their statement on their website implying manufacturing plants overseas ;

"Demand in the fifties grew and Halsteads looked overseas to develop manufacturing and sales capacity by setting up or acquiring satellite companies in Australia, New Zealand and South Africa.

This strategy continued in the following decades,
and Halsteads today are located in China, Russia, Australasia, Europe, Scandinavia, South Africa and Canada. High quality, fit for purpose products are exported all over the world, for schools, hospitals, transport and public buildings"

However having carefully read the latest report I see all there is no overseas manufacturing.

You are also correct the 258 limit did not trigger. But it is still there.....

[trigger blade] 05/8/2014 12:50

wc,

Are you sure about overseas factories? I know they source products, mainly tiles, but I'm not aware of them owning any manufacturing capacity overseas (Teesside doesn't count :-))

It looks like you missed your 258 buy point, for a while at least.

[wad collector] 31/7/2014 17:27

I like the last two bits ;

In conclusion, as a result of improved trading conditions it is expected that profit before tax for the full year will exceed last year.

Cash balances remain healthy and dividend expectations will be met for a 38(th) year of increased dividends.

[lundhousegreen] 31/7/2014 07:41

Trading statement

[wad collector] 29/7/2014 10:40

JHD is no longer a UK business - it has significant overseas factories which mitigate the Sterling strength. Also , if you read the last statement , they have hedged between 25 and 100 % of the next years exchange rate. Presumably , when Europe eventually recovers , the Euro will rise again , so this is a temporary Sterling strength.
I just set another buy limit for 258 . One day I think I will profit from these purchases. (Not this month!)

[gscrawler] 29/7/2014 10:17

With the rise of sterling and with Europe still in trouble and very competitive the margins will be inevitably further squeezed.

[wad collector] 25/7/2014 16:27

Hope so ; I will have some more. I think these are a safe long term bet , as much as any stock can be. Not paying this spread though.(15p)

[gripfit] 24/7/2014 20:53

yep................... probably too dear. looks like 2.40 could be on the cards

[latifs100] 24/7/2014 20:05

any ideas for the drop.

[alter ego] 06/6/2014 09:56

Agree JHD is fully valued, some would say overvalued, given growth forecast at just 2% and 5% for next two years. 3%+ yield gives support but rating is too high IMO.

[trigger blade] 06/6/2014 09:43

I suppose if you're looking for spectacular share price growth, choosing a share that's produced profit growth for 30 consecutive years and with a P/E close to 20 may not be the right strategy. If anything, it's doing well to hang on close to £3.

[emeraldzebra] 03/6/2014 16:56

held these for ages - but they stubbornly refuse to increase beyond their comfort zone of 2.80-3.20. James Latham have been much more fun, as have Howdens much as they have fallen off a cliff lately !

[wad collector] 01/4/2014 08:58

Ticked the box this morning at 286 . One for the pension fund.