Latham (james) Share Discussion Threads

[alter ego] 15/2/2008 16:17

only if the family are willing to sell up - very long shot IMO

[ntv] 15/2/2008 12:20

gibs and dandy approach
i reckon this one could be a target as well

[jlwilliams] 08/1/2008 12:20

the chart is saying sell.

[hvs] 07/12/2007 13:41

very well run Company and very nice people.

[wiganer] 06/12/2007 18:20

Quite a large article about Lathams in today's FT.

Amongs other things the article highlights Latham's tendency to be cautious on outlook then overdeliver.

[davidosh] 05/12/2007 22:28

Superb results and the second half has started well and is generally the better half. We now have 16p on the board in H1 and this is the full year eps over the last five years to 31st March....

2003 – 6.3p
2004 – 10.2p
2005 – 14.4p
2006 – 17.4p
2007 – 20.1p
2008 - (H1 only 16p)

I cannot possibly see a second half that does not at least match last year so my expectation for the full year is a minimum of 27p. In reality even if they keep a bit in reserve and push the boat out on the expenses kitting out the new depots I do not see the forecasts staying at 22p. Great assets, increasing divi and growth on a p/e of 9. Lovely company.

[hvs] 05/12/2007 08:26

They call it MDF in the trade.

[wiganer] 05/12/2007 08:25

16p EPS for 6 MONTHS. Cheap as chipboard.

[hvs] 05/12/2007 08:19

Yes very very good.

EPS of 16p, can it get any better. 21% increase in turnover. Two warehouses
being relocated and a new site will be established.

I like it.

[iasike] 05/12/2007 08:09

some result!!!

[hvs] 21/11/2007 14:02

RobSeaton,

You might as well if you are SICK OF IT.

[robseaton] 21/11/2007 09:38

I know this is a ridiculous price but even i'm thinking of selling as i'm SICK of this share - this year whenever the market plunges, LTHM plunge in line with other larger companies, but there aren't enough buyers to pick it up when all the other bigger stocks eventually recover - so it just languishes and stays down. How is any momentum going to build to push this back up? If the latest RNS hasn't done it, what the hell is?

[wiganer] 20/11/2007 17:53

Because idiots are selling.

[iasike] 20/11/2007 17:37

Why is it falling after the last RNS?

[hvs] 20/11/2007 09:43

Why are idiots selling at this ridiculously low price ?

[hvs] 06/11/2007 17:36

No probs I am I just waiting to PILE IN

[brad1] 06/11/2007 17:21

could see these dropping to 220p before firm support is found. I just hold onto these and collect nice divi each time round. Divi could be very good with profit significantly ahead. Personally would like to see a reduction in debt.

[hvs] 28/10/2007 09:59

Good luck mate.

[wiganer] 26/10/2007 09:12

Couldn't resist- bought a few for my SIPP. Bargain.

[hvs] 25/10/2007 20:00

I am thinking on similar lines.

[wiganer] 25/10/2007 19:59

Given current market sentiment they'd have paid less heed to that than the slightly bearish outlook bit.

But hey, it's a great top-up opportunity- might just stuff a few more in my SIPP at these prices.

[hvs] 25/10/2007 19:29

Hi Wiganer,

And probably did not read the RNS which said that 1st half profits will
be substantially ahead.

[wiganer] 25/10/2007 19:15

Latham(James) PLC
28 June 2007

James Latham plc

Announcement of Preliminary Results for the year ended 31 March 2007


Chairman's Statement

Results



Group turnover for continuing operations in the financial year to 31 March 2007
at £99,662,000 is 9.9% ahead of last year's £90,650,000. Last year's group
total turnover was £114,867,000 and included £24,217,000 for Nevill Long
Limited, which was sold on 31 March 2006.



Operating profit for continuing operations increased by 46% to £4,989,000 from
£3,419,000 last year.



Net interest receivable was £634,000 against £439,000 last year.



Pre-tax profit is £5,706,000 against £11,628,000 last year which included
£6,221,000 of exceptional profit on the sale of Nevill Long Limited.



Profit after tax is £4,071,000 compared with £9,712,000 in the previous year.
Earnings per share is 20.5p.



Total net assets (shareholders' funds) after the FRS17 pension liability have
risen to £42,996,000 from £39,902,000.



Cash flow from operating activities is £3,240,000 before the final payment of £5
million of the £9 million to be paid into the pension scheme as previously
announced.



Final dividend



The directors recommend a final dividend of 5.4p per ordinary share (2006 4.4p).
The final dividend will be paid on 31 August 2007 to shareholders on the
register at the close of business on 3 August 2007. The shares will become
ex-dividend on 1 August 2007.



The total dividend per ordinary share of 7.4p for the year is covered 2.8 times
by earnings.

[wiganer] 25/10/2007 19:13

Unfortunately most investor don't, but value will out in the end.

[hvs] 25/10/2007 16:48

Read their Balance Sheet .