Latham (james) Share Discussion Threads

[wiganer] 06/5/2021 09:37

Just did a dummy sell and was offered 1021 to sell, so may be about go off on another run up.

[mw8156] 21/4/2021 17:14

relatively modestly valued compared with many others, very strong balance sheet that those who owe the company money might be tempted to take advantage of, large pension deficit, no possibility of being taken-over, a lot of other similar AIM small building suppliers eg Michelmersh, Brickability, sigmaroc even Epwin and housebuilder Springfield seem also to be faring well presently.

[cwa1] 21/4/2021 14:44

Seem to be off "on one " today. Not complaining mind

[wiganer] 21/4/2021 12:31

Did a dummy sell and was quoted 1009.6 to sell. Happy to continue holding.
If it closes here or higher then will be all time end of day high share price.

[cwa1] 21/4/2021 10:57

Nice to see a round tenner on the bid for LTHM :-)

[wiganer] 20/4/2021 14:32

There ya go.

[wiganer] 15/4/2021 14:56

Buyers are back. Should break 1000 soon.

[alter ego] 12/4/2021 16:01

yes but for a holder, it's the sell price that matters. Spread here can be large so offer price doesn't paint whole picture..

[wiganer] 12/4/2021 15:55

990 ask now, 1000 tantalisingly close.

[wiganer] 09/4/2021 15:24

Just goes to show that watching the tape on illiquid value stocks still works.

[wiganer] 09/4/2021 10:31

Hmm, well this is rather nice. Still too cheap though.

[wiganer] 08/4/2021 16:31

Well, back above 900, that’s a start.

[wiganer] 08/4/2021 14:04

Bought back in today after a long time away. Looks nailed on for a run back to 1000 at least.

[cwa1] 25/3/2021 07:22

Solid+ :-)

25 March 2021

James Latham PLC

("James Latham" or the "Company")

Trading Statement

The Board of James Latham provides the following trading statement ahead of the Company's results for the year ended 31 March 2021.

Revenue for the year ended 31 March 2021 has continued its strong recovery, after the first quarter was significantly impacted by the first lockdown. Full year revenues are expected to be broadly similar to the revenue figure reported for the year ended 31 March 2020. Gross margins have also continued to show improvement and are expected to be ahead of the figures reported in H1. The Company's balance sheet remains strong.

The Board plans to report the Company's preliminary results for the year ended 31 March 2021 on 24 June 2021.

[alter ego] 11/3/2021 14:39

It's the end of the year on 31 March so expecting to get a pre close update soon. I'm hoping they say trade is busy based on a chat with my local timber merchant. They told me the phone is ringing all day with orders and the sales people are so busy taking the calls they are finding it difficult to process them. Perhaps they need more staff but being very busy sounds hopeful for LTHM too.

[thewheeliedealer] 04/1/2021 23:44

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes LTHM which I know very well as the Podcast will reveal. We also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management.

Anyway, if you use Youtube, Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 39) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !!

Happy New Lockdown !! WD
@wheeliedealer

[alter ego] 25/11/2020 22:49

Current and future trading

The second half of 2020/21 has started strongly with margins slightly ahead of the previous period

[mw8156] 25/11/2020 21:59

re IC as in post 703:

reading the statement seemed to imply to me that higher margin product sold to hospitality and shopfitters had declined whereas lower margin product was being snapped up; wouldn't that suggest margins overall declining not rising?

[alter ego] 25/11/2020 14:53

Buy recommendation in today's Investors Chronicle on line. Yes I know "kiss of death" and all the usual rollocks about the IC


"Industry data suggests James Latham is operating in a resilient market. UK timber and joinery sales increased every month this year with the exception of April and May, according to GfK data, while timber demand has driven gains in the category over the third quarter. The company’s outlook is mixed. Coronavirus headaches for industries such as hospitality and shops have weighed upon business levels, though, conversely, demand for its commodity panel products is high. As a result, margins have increased since the end of the interim period. With Brexit on the horizon, James Latham has increased stock levels in product categories most likely to be affected by the UK’s exit from the EU."

[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.