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LTHM Latham (james) Plc

-5.00 (-0.41%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Latham (james) Plc LSE:LTHM London Ordinary Share GB00B04NP100 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -0.41% 1,215.00 1,190.00 1,240.00 1,220.00 1,215.00 1,220.00 4,752 10:37:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Wood Products, Nec 408.37M 35.92M 1.7849 6.81 244.49M
Latham (james) Plc is listed in the Wood Products sector of the London Stock Exchange with ticker LTHM. The last closing price for Latham (james) was 1,220p. Over the last year, Latham (james) shares have traded in a share price range of 940.00p to 1,305.00p.

Latham (james) currently has 20,123,000 shares in issue. The market capitalisation of Latham (james) is £244.49 million. Latham (james) has a price to earnings ratio (PE ratio) of 6.81.

Latham (james) Share Discussion Threads

Showing 1001 to 1022 of 1150 messages
Chat Pages: 46  45  44  43  42  41  40  39  38  37  36  35  Older
Well, back above 900, that’s a start.
Bought back in today after a long time away. Looks nailed on for a run back to 1000 at least.
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.

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.
alter ego
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

Current and future trading

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

alter ego
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?

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
AGM next Wed so expect an update. Final div next Friday.
alter ego
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.
Outlook seems fine here and chart says it all. A good long term hold for me....only 16 years now.
Results out this morning:-

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


28 November 2019

This fire today was at the old major woodyard site that we sold to developers ten years ago.....
Looking good.
looking at the statement again, margin improvement is mentioned that ought to have a geared effect on profit.
steady statement at the AGM, looks as though the Irish acquisition is going to turn out OK pending Brxt...
Cheers pieeric, appreciated.
£228m revs 64.4p normalised EPS
Anyone know what market expectations are?
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.)

ed 123
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

alter ego
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?
Chat Pages: 46  45  44  43  42  41  40  39  38  37  36  35  Older

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