Latham (james) Share Discussion Threads

[alter ego] 28/8/2020 13:33

AGM next Wed so expect an update. Final div next Friday.

[mw8156] 02/7/2020 14:51

Can't see the first half being profitable, given the turnover figures they declared in their result announcement yesterday but looks a survivor with a very strong balance sheet and ?reasonable value on a 1-2 year view if, as Geoffrey Hsu of Biotech Growth Trust suggests, there is a near 100% certainty of an efficacious vaccine in the next 6 - 9 months. Pfizer declared good result with initial trial of its vaccine last night.

[davidosh] 28/11/2019 08:58

Outlook seems fine here and chart says it all. A good long term hold for me....only 16 years now.

[cwa1] 28/11/2019 07:38

Results out this morning:- https://www.investegate.co.uk/latham-james--plc--lthm-/rns/half-year-report/201911280700039021U/ Interim dividend The Board has declared an increased interim dividend of 5.5p per Ordinary Share (2018: 5.0p), which is covered 6.1 times (2018: 7.4 times). The dividend is payable on 24 January 2020 to ordinary shareholders on the Company's Register at close of business on 3 January 2020. The ex-dividend date will be 2 January 2020. Current and future trading The second half of 2019/20 has started well with margins slightly ahead of the previous period. We are seeing increased sales at Abbey Woods, the Irish timber distributor purchased in February 2019, and also an improvement in our panel product volumes. Purchase prices of our commodity panel products remain weak. The investment in our Gateshead facility, to improve the site efficiency, is going well, and should be completed in June 2020. The racking investment at Purfleet will be completed by the end of December 2019. The majority of our customers are busy, and we remain confident that we can continue to grow our business, but remain mindful of the uncertainties caused by the forthcoming General Election and a weakening global economy. I am also very pleased to have reported this week the strategic purchase of Dresser Mouldings for GBP1 million, which will allow us to continue to grow our sales of added value timber. Nick Latham Chairman 28 November 2019

[davidosh] 17/9/2019 18:13

This fire today was at the old major woodyard site that we sold to developers ten years ago.....https://www.bbc.co.uk/news/uk-england-london-49725761

[barnesian] 21/8/2019 15:11

Looking good.

[mw8156] 21/8/2019 14:53

looking at the statement again, margin improvement is mentioned that ought to have a geared effect on profit.

[mw8156] 21/8/2019 14:49

steady statement at the AGM, looks as though the Irish acquisition is going to turn out OK pending Brxt...

[iasike] 22/3/2019 13:00

Cheers pieeric, appreciated.

[pireric] 22/3/2019 06:47

£228m revs 64.4p normalised EPS

[iasike] 22/3/2019 04:48

Anyone know what market expectations are?

[ed 123] 21/3/2019 16:40

Thanks, Alter ego. I would have missed that. :-) I view 'in line with market expectations' as being good in the current climate of uncertainty. Happy with the statement. Agm should be towards the end of August. (It's not far from Buncefield - I remember the explosion.)

[alter ego] 21/3/2019 16:26

trading update out this afternoon "Revenue and profit before tax for the year ended 31 March 2019 are expected to be in line with market expectations. Integration of the Company's recently acquired business in Ireland, Abbey Woods, is going well and results so far have been encouraging." Prelims on 27 June

[faxglacier] 04/3/2019 10:11

Small price rise this morning and no apparent explanation yet for Friday's blip. Anyone have any other information as to what may have caused it?

[barnesian] 01/3/2019 21:23

OK Thanks. Didn't know that.

[cockerhoop] 01/3/2019 21:12

Trades that are large (for the stock concerned) are reported with a delay to later in the day or even overnight.

[barnesian] 01/3/2019 21:09

Yes I missed that one as the trade numbers are not in the same order as the times. A bit weird. Perhaps someone can explain?

[faxglacier] 01/3/2019 18:25

Mostly light trading except one deal that went through for 39,000 shares @ 625p when other shares around that time were changing hands for around 700p.

[barnesian] 01/3/2019 16:38

Light balanced trading today. Very curious. Market makers playing silly bs or a low priced placing in the works?

[vulgaris] 01/3/2019 15:55

9% drop on no news. What is going on here?

[podgyted] 29/11/2018 12:13

Market seems to like - well at least at the moment.

[its the oxman] 29/11/2018 08:28

Looks a pretty decent set of results and outlook ok, all things considered.