Latham (james) Share Discussion Threads

[hvs] 06/12/2016 14:27

12 Mar '02 - 19:33 0 0
A VERY WELL RUN COMPANY WITH 16 ACRES OF LAND IN CLAPTON ABOUT TO BE SOLD TO CONTRYSIDE PROPERTIES AT A MINIMUM
GAIN OF £ 6 MILL AND AT TODAYS VALUE POSSIBLY £ 8 MILL. CAP ONLY
15 MILL ,WITH EXISTING ASSETS OF ABOUT £ 4.50 ,GROWING TURNOVER
AND PROFITS. YOU CANT BUY BETTER ,BUT DONT TELL THE FAT CATS IN THE CITY.

[hvs] 06/12/2016 14:25

Seemas to be doing rather nicely

[ygor706] 25/11/2016 16:26

Agree HVS and outlook not too bad either!

[hvs] 24/11/2016 12:14

Very very good results.

[davidosh] 28/8/2016 18:07

There is a very good thread on TMF if any of you interested and or want to comment ?

[ygor706] 04/8/2016 20:30

Latham's excellent full year figures got rather buried in BREXIT mania and we never saw an appropriate share price reaction. Exchange rates have moved against the company but I'm still not convinced that the euro will maintain its current strength against sterling. Meanwhile Latham's balance sheet is stuffed with cash and its business is very well diversified. Xd a 10.3p divi today so the share price was really a tad stronger.

[hvs] 23/6/2016 14:36

Go baby go.

What a FANTASTIC MANAGEMENT

[hvs] 23/6/2016 08:09

Yet another excellent result and divi hike.

What more does one need.

[hvs] 03/5/2016 14:35

Go on my son show them what you are made of.

FANTASTIC MANAGEMNET

[hvs] 27/4/2016 11:03

Will be hitting new highs soon.

[hvs] 30/3/2016 08:20

Yup Good old Latham

Will be good boost to divi with all the CASH they generate.

Well done.

re-rating coming soon.

[cwa1] 30/3/2016 07:15

Good old Latham:-

Trading Statement

The Board of James Latham is pleased to provide a trading statement ahead of the Company's results for the year to 31 March 2016.

Revenue for the year ending 31 March 2016 is expected to be broadly in line with market expectations and profit before tax is likely to be higher than expected.

The Board anticipates releasing the Company's preliminary results on 23 June 2016.

[hvs] 26/11/2015 07:29

Yet another cracking set of results .

The results are better than the same period last year. Revenue for the six months to 30 September 2015 was GBP96.2m, up 8.0 per cent on GBP89.1m for the same period last year. The operating profit was GBP6.5m, 20.4 per cent up on GBP5.4m last year. Finance costs were GBP227,000 (2014: GBP263,000), reflecting reduced interest charges on the lower pension scheme deficit. Profit before tax was GBP6.3m, up 21.2 per cent on last year's GBP5.2m. Earnings per ordinary share were 25.8p (2014: 20.5p) an increase of 25.9 per cent.

On course for 60p earnings at the least.

Still very very cheap

[hvs] 25/11/2015 19:35

Cant wait for the results tomorrow.

They will be CRACKING as usual no dobut with a 50p bounce in share price to follow.

[martinthebrave] 12/11/2015 09:11

Share price down around £1 since a pretty positive AGM statement on 26th August. There have been no material announcements since the AGM and the Interims are now 2 weeks away. A buying opportunity or insider knowledge?

[cwa1] 26/8/2015 12:35

Not a lot to be unhappy with:-

Statement to the 2015 AGM

The Directors intend to issue the following statement to shareholders attending today's AGM:

Revenue for the first four months of the current financial year, namely April to July 2015, is 7% higher than the same period last year. This is largely the result of higher volumes traded, with more small orders delivered from our warehouses. In addition, direct sales from our suppliers have also grown. Margins are higher than for the same period last year, and higher than the quarter ended 31 March 2015. Overall the Company is trading in line with full year market expectations.

The trading environment remains competitive, but activity levels continue to improve, both for timber and panels. Generally customers appear busier. Bad debts have returned to a more normal level compared to the high levels seen in the same period last year.

We have increased our capacity to meet growing demand for our specialist panels with further investment in racking at Hemel Hempstead and Thurrock. We are in negotiations for a site for the relocation of our Yate warehouse and have identified possible sites for the relocation of our Wigston warehouse.

The outlook remains positive and our wide spread of customers and strong balance sheet means that we are well placed to take advantage of opportunities.

The Company's interim results for the six months ending 30 September 2015 will be announced on 26 November 2015.

[emeraldzebra] 04/8/2015 12:43

thanks one and all. might pop along to the AGM.

[davidosh] 04/8/2015 12:42

For those who like to meet the management and ask a few questions so getting a feel for the potential going forwards..

The AGM will be held at 12.30 p.m. on 26 August 2015 at Unit 3 Swallow Park, Finway Road, Hemel Hempstead, Hertfordshire, HP2 7QU.

This is one of my top 15 holdings and yet another well run family firm that delivers solid growth and dividends not jam tomorrow and begging bowls lol

[hvs] 04/8/2015 12:35

It is not silly at all.

WE all want to know what happens next.

Having held these for 25 years I feel the next stop will be £ 12.00