Latham (james) Share Discussion Threads

[hvs] 14/2/2012 14:01

Moving slowly but surely.

Looks like next results will be sparkling.

[hvs] 05/12/2011 15:31

Its moving in the right direction.

[hvs] 28/11/2011 20:17

bOUGHT SOME MORE.

[hvs] 27/11/2011 12:32

Very very good set of results.

[davidosh] 22/8/2011 13:46

Agm on Wednesday ....Anyone else going to attend ?

Are there any current forecasts for this year and next ?

[envirovision] 29/7/2011 16:17

James Latham
Biggest of the bunch by quite some distance is wood importer and distributor James Latham (LSE: LTHM).
The company had a great year and the shares have come a long way, helped by some shrewd acquisitions.
At 267p, Latham is valued a little over £51m, but made operating profit of over £8m on sales of £130m in the year to the end of March, has a net tangible asset value (NTAV) of £46m, and cash over £7m. And the 3.5% dividend yield is covered 3.3 times by earnings.
The shares are possibly being slightly held back by a sensible decision by the company to refurbish its older sites, to replicate its success to date. But they look too cheap to me.

[cwa1] 23/6/2011 07:38

In what has been another difficult year for the economy as a whole, I am pleased to report very positive results for the financial year to 31 March 2011 which show a good trading performance and a strong balance sheet.



Group revenue for the financial year to 31 March 2011 was £130,151,000, 12.8% up on last year's £115,372,000.



Operating profit has increased by 25.4% to £8,070,000 from £6,437,000 last year.



Finance income was £106,000 against £43,000 last year. Financial costs, which are principally interest on the pension scheme deficit as calculated under IAS19, were £532,000 against £893,000 last year. There was an additional receipt of £360,000 from the contract for the sale of the Clapton site in 2004/2005 due to additional development.



Pre-tax profit was £8,004,000 a significant increase of 43.3% on last year's figure of £5,587,000.



Profit after tax was £5,884,000 compared to £4,113,000 last year.



Earnings per share was 30.8p compared to last year's 21.5p.



Net assets (total equity) are £45,816,000.



At the year end the company's cash reserves stood at £7,113,000 compared to £10,545,000 at 31 March 2010. The balance was reduced by £4,000,000 as a result of working capital injected into DLH UK Limited, the hardwood trading business, in March 2011.

[hvs] 22/6/2011 10:13

And why why is we rising ???

[hvs] 20/6/2011 14:20

And the Balance sheet is more solid than the Bank of England.

[gingerplant] 20/6/2011 14:19

Results Thursday; their typical m.o. is to surprise on the upside whilst simultaneously sounding a sensible note of caution about dodgy markets etc etc.

[hvs] 20/6/2011 13:46

Anyone know why its going up today ?

[hvs] 19/4/2011 17:18

Looking very good.

[hvs] 30/3/2011 08:14

Trust you enjoyed yourself.

[wiganer] 28/3/2011 20:17

Tonight I'm gonna party like it's 1787!

[hvs] 28/3/2011 18:20

Thank you for drawing it to our attention.

[cjohn] 28/3/2011 10:37

None of you have mentioned the very favourable acquisition, which may have drawn attention to the share.

[hvs] 28/3/2011 08:27

Buying coming in .

[hvs] 25/3/2011 21:48

lol !!!

lol !!!!!

[westcountryboy] 25/3/2011 21:47

The beginning? Latham was founded in 1757!

[hvs] 25/3/2011 19:07

Why not.

This is just the beginning.

[alter ego] 25/3/2011 17:11

well I guess there are more readers of the paper magazine so it's not that surprising. Let's hope the enthusiasm can be sustained.

[greenslug] 25/3/2011 16:49

I missed that, interesting that the paper version seems to have more influence.