James Halstead Share Discussion Threads

[kar120c] 24/10/2017 15:05

Although not a carpet maker they do have exposure to the domestic market through LVTs and other products. Surprisingly just before I left there was a rumour that they were considering re-entering the carpet tile market.

[gripfit] 05/10/2017 08:42

one person 'tips' them another does the opposite,,,,, suppose it takes all opinions to make a price.

[trigger blade] 05/10/2017 08:16

In addition to which, over 60% of turnover is overseas, which gives a decent buffer against any UK downturn.

[lundhousegreen] 05/10/2017 07:57

Although not read the article, if Tempus is describing JHD as a
"carpet" company it really smacks of lack of knowledge and lack
of proper research into the company, and the writer has rushed off
an article just in time for publication. (IMHO)

[bda3490] 04/10/2017 15:11

Did you see the Tempus column in The Times 3 Oct ?
OK piece in terms of reporting except he described the company as a carpets and flooring business and said to avoid the shares as the are fully priced and exposed to a downturn in consumer spending. Not sure this commercial flooring business is that exposed.

[henchard] 02/10/2017 12:39

What a top company this is - one of AIM's real blue chips.

[lundhousegreen] 02/10/2017 12:35

I totally agree!!

[bda3490] 02/10/2017 10:26

A special for his retirement ?
AGM in Manchester with champagne ?

Got to be something

[lundhousegreen] 02/10/2017 08:18

What a great innings from Geoffrey !! :-))

[lundhousegreen] 02/10/2017 08:12

Record Annual Results and Chairman Geoffrey Halstead retires.

-- Revenue at GBP240.8 million (2016: GBP226.1
million) - up 6.5%
-- Profit before tax GBP46.6 million (2016:
GBP45.5 million) - up 2.5%
-- Earnings per 5p ordinary share of 17.6p
(2016: 17.0p) - up 3.5%
-- Final dividend per ordinary share proposed
of 9.25p (2016: 8.5p) - up 8.8%
-- Cash GBP52.5 million (2016: GBP44.1 million)
- up 19.1%


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

"Despite the shadow of uncertainty that "Brexit "has cast and in a year of clearly tougher than normal trading conditions it's satisfying to report another year of record profits."



Board Changes

[lundhousegreen] 14/9/2017 08:17

RNS Number : 6930Q

14 September 2017

James Halstead plc

Notice of Preliminary Results

James Halstead plc, the commercial flooring manufacturer and distributor will be announcing its preliminary results for the full year ended 30 June 2017 on Monday 02 October 2017.

[fbrj] 12/9/2017 09:33

Well, I've just bought 5000 more in 2 tranches this morning......

[wad collector] 12/9/2017 09:01

New 1 yr low; bargain time or further slump to come?

[gripfit] 07/9/2017 11:58

shares mag,,,,,,,,,,,,,,,,,,kiss of death.

[fbrj] 07/9/2017 10:06

See post 1229 above

Have just bought 1/3rd of my original holding back. Price approx 100p below previous highs in May. Still quite a chunky p/e (24x prospective) but 3% yield. Results due soon - 2nd Oct.

[sponges] 10/8/2017 15:44

Tipped in Shares mag today

[wad collector] 08/8/2017 11:28

Not holding breath over a special dividend - the last one was 4 yrs ago and still wouldn't take the yield up to the FTSE all share average.
However does look like the share price weakness has passed for now. And the spread has narrowed to an unusually tight 0.3%.

[bda3490] 07/8/2017 13:41

Started to rise again ?
Can't get over the pre-close announcing record results and the price dropping but did see press comment quoting the UK situation.
Still think we are in special divi territory - again

[wad collector] 03/8/2017 09:43

Agree it is not cheap , but it seems a safe long term investment ; I just bought some back at 430.
I worry more about the possibility of a disaster in Korea than the price of materials.

[fbrj] 01/8/2017 14:56

fbrj14 Apr '17 - 08:02 - 1210 of 1228 0 0 Edit
"JHD has been a core holding of mine for well over 3 years. In January I took the decision to sell down a chunk (60%) at an average price of 492p and then watched it steadily rise from there! The reason for my (reluctant) decision was principally the p/e which I felt was too high given the actual growth rate and I think borne out by the recent interims. Even now (with the shares down some 45p from their recent highs) it is on a rating of 26x current year's earnings and 27x next year - with an eps growing at 4%.

Having said that I would be looking to reinstate it as a core holding if the rating became, in my view, more realistic."

For once my timing has been quite good! Following the above post I sold the remaining 40% of my holding at an average of 520p during the spike up in May.

Back on the watch list following today's reaction and previous decline....a yield of 3% is not to be sniffed at either.....

[gripfit] 01/8/2017 13:42

and my earlier one of £4 looming

[gripfit] 01/8/2017 10:31

looks like my post on the 28th was correct..

[trigger blade] 01/8/2017 09:49

It looks as though the market stopped reading before the final paragraph and missed the bit about the company being confident of record turnover and profit :-)

[lundhousegreen] 01/8/2017 09:23

The finals are announced Oct 2nd.