James Halstead Share Discussion Threads

[wad collector] 04/11/2021 17:28

Well that was an interesting trade at the close , a 155,000 buy at 574p!
That is enough to get LHG posting again.

[bda3490] 22/10/2021 13:03

There was always at least one shareholder who ended up on the floor - but not to eat more just drunk

[wad collector] 18/10/2021 22:14

It seems appropriate to me that the food at JHD AGM should be eaten off the floor...

[trigger blade] 18/10/2021 19:33

Fish goujons and tartare sauce, plus the cheeseboard stick in my mind, Holiday Inn Bolton I think, years ago. No alcohol, driving 🙂

[bda3490] 13/10/2021 17:51

Jhd free bar and a hot buffet meal and lots of refills
It was legendary

[zangdook] 13/10/2021 08:12

Beer? I must start going to more AGMs. The best I've ever had was nescafé and asda chocolate biscuits.

[bda3490] 12/10/2021 18:06

Heard a whisper from my broker it’s another agm with no food and drink. I can’t say I’ve been to many at JHD but it was always good to grab a beer an talk to some of the management. Covid!!

[wad collector] 08/10/2021 16:09

IC has just published another review of JHD , as predicted, though it's conclusion was hold (@552p). Bit cautious about next yr's growth.

[trigger blade] 04/10/2021 16:43

I think given JHD’s 40 year track record, I’m happy to cut them some slack and if they think it’s a good idea, I’ll go along with it.

I think they’ve done share splits in the past and eventually the share price has returned to it’s pre-split level, that would definitely make me feel good.

[bda3490] 04/10/2021 15:52

Well investors chronicle has written a positive piece

[zangdook] 04/10/2021 15:26

I'm afraid it doesn't have a feel good factor for me. It has a 'why is the company wasting money and time on meaningless nonsense' factor. The only argument they put forward is that it will increase liquidity, but with 200 million shares trading at around a fiver I don't believe that's a serious problem here, or that changing it to 400 million trading between £2 and £3 will have much effect, beyond giving a few elderly shareholders heart attacks.

[wad collector] 04/10/2021 14:10

No, BDA, I gave up Trading ; I only ever Invest now. Though now and then I find my fingers moving towards the sell button of their own accord...

[bda3490] 04/10/2021 12:10

I know a bonus is just the same value of shares but it does have a " feel good factor"
I feel for wadcollector - every time the price goes up he has to sell

buy some AO shares that should sort the problem

[wad collector] 04/10/2021 08:21

Just finished reading it , a lengthy tome, longer than previous yrs by recall. It points out that turnover and profit are up 5 and 6% against the 2019 figures; remarkable ! And a record dividend.
Although there are a number of cautions within it about supply chain demand and stock levels being down, if you bear in mind the usual JHD cautious understatement, it seems reasonable to price this a little ahead of the share price levels in 2019.
So hard to imagine it is going to hang around the current 550p (Up 30p on the day), especially once a few brokers upgrades and IC tip come through ( Guessing on the IC one but they do seem to like tipping JHD).
Thought about adding , but these are now 10% of my portfolio so the head says no!
To clarify the distinction between share split and bonus issue just looked at
hxxps://www.elearnmarkets.com/blog/stock-split-vs-bonus-issue/
though I remain unconvinced as to why a bonus issue is a capitalisation of profits.

[jurgenklopp] 04/10/2021 07:19

First class results from an outstanding company.

[bda3490] 03/10/2021 14:09

The market always knows - so they say.
The pre close said it was going to be record sales and profit !
So pbt has to be £48 m or so!

[wad collector] 01/10/2021 22:42

Don't like to see the drop in share price in advance of results on Monday. Surely they are not going to disappoint us?

[lundhousegreen] 20/9/2021 16:40

Results Oct 4th

[bda3490] 10/9/2021 19:34

Of course the other thing that Jhd is overdue doing is a bonus issue! Looking back it always seemed to happen when share price got over &4 and certainly when they were £5. Totally out of fashion for years but twice as many at half the price ! The shares always seem to rise after a split .

A bonus issue and a special and a record dividend with record sales and record profit - I wouldn’t bet against it !

[wad collector] 02/9/2021 10:34

I see ADVFN missed that special in their metrics. That gradual upward pattern is not a feature of many of my holdings unfortunately! Hold and slowly prosper.
About the only thing that worries me here is the possibility of a change in the IHT relief rules with respect to most AIM shares, which there are mumblings about occasionally in the financial press. I suspect a fair amount of these are held by PIs looking to avoid IHT , not withstanding their attraction as a well run company in a tidy niche.

[trigger blade] 30/8/2021 07:15

Feb 2016 according to the company website, 7.858p. As the Halstead family still speak for approx 40% of the shares (from memory, could be wrong) I’d imagine they’d be partial to an occasional special divi too 🙂 However, in the current climate, I’d expect them to keep the cash back for a rainy day.

Their website says they’ve “delivered year on year dividend increases since 1977”, that’s impressive.

[wad collector] 20/8/2021 13:42

Been 8 yrs since the last special, that would be good though not a company that is exactly famed for its yield!

[bda3490] 18/8/2021 19:52

If you look at the cash pile surely a soecial is on the cards and maybe a bonus issue

[wad collector] 17/8/2021 13:08

Short term yes , log term no I reckon. They love understatement.
It would not be a bad exit point if you like trading or need the cash but most of mine here have only made 5 or 10% and missed a few divis.
That said I am a bit heavy here and tempted to topslice my more recent ones.