It has been a really good last year to be a Headlam (HEAD) shareholder but here a couple of months ago I felt there was more to come, and I was pleased to read these thoughts here from Tom and Steve observing their appreciation hopes too. So is there any reason to change tack after the company’s first half numbers out a few days ago?
Early in July we noted shares in Europe’s leading floorcoverings distributor Headlam Group (HEAD) looked a recovery buy at a 495p offer price, considering there clear potential for outperformance of forecasts based on the trading momentum and the operational improvement programme being implemented. A “Pre-Close Trading Update” sees the shares currently at 528p. Is there still further upside?
By my reckoning the last Thursday of July is the busiest for global stock market obsessives like me...hence why it has taken me until first thing Friday to write about some larger cap UK market highlights from the day before. First up is ‘Europe's leading distributor of floorcoverings’, Headlam (HEAD).
A trading update earlier this month from Headlam Group (HEAD) included “total revenue for the year-to-date is now in-line with the 2019 comparator, having been slightly below for the four months to 30 April 2021” and “the company's Operational Improvement Programme delivering revenue growth opportunities and cost improvements”. This combination suggests there is further recovery value in the shares.
Yesterday I briefly mentioned that Headlam Group (HEAD) was holding a capital markets day later on Thursday. Whilst it was good to read from the floor coverings distributor that ‘total revenue for the year-to-date is now in-line with the 2019 comparison’, what else did the capital markets day tell investors?
I know that many people believe this area is a bit boring, but I continue to really like Headlam Group (HEAD) which describes itself as ‘Europe’s leading floorcoverings distributor’. I last wrote positively about the stock HERE, as it happens just a few hours before I ended up in hospital until just before Christmas. I see reader Steve B wrote a positive agreement piece with my November thought and has made a further positive return year-to-date in the 2021 readers tip competition. Even nicer for us both is to see the performance of Headlam Group’s shares in March. So is there still room to be excited here or is it time to take the profits and run?
Hello, Share Twiddlers. Yes, I know, you can’t get a more boring company than one that supplies stuff to cover floors. But to misquote the Yorkshire proverb, ‘Where there’s boredom, there can be brass.’
The last time I wrote about floor coverings distribution company Headlam (HEAD), back in September I titled the article 'Me and a bunch of value investors agree on Headlam Group: Buy'. The shares were kicking around 275p back then and today they are almost a quid higher, assisted by a nice bounce today. So what is going on?...
About a year ago I wrote about buying the floorcoverings distribution name Headlam (HEAD) below four quid a share, even if 'dancing with a company intimately linked with consumer spending and the property markets at this time of seemingly great uncertainty' are still apparent. Well the call went well and the share topped out at just over five pounds either side of the turn of the year. However, chuck in a slug of Covid-19 and the resulting consumer caution and hello just sub three pounds a share today...
Hello, Share Pickers. The lockdown seems to have made more people appreciate their homes, rather than get fed up with them. So any company which aims to make interiors more attractive might be expected to shine these days. With that in mind, may I draw your attention to Headlam Group (HEAD), a floorcoverings company? The latest figures bear out what I've just opined, as this company’s July revenue in Blighty is up on last year’s...
Back in August I mused about Headlam (HEAD), which claims to be 'Europe's largest distributor of floorcoverings, providing the distribution link between suppliers and customers across the UK and Continental Europe'. Since then the shares have fallen further and today's update has deepened that trend…
With a relative dearth of larger cap news out today I turn my attention to Headlam (HEAD), which is apparently 'Europe's largest distributor of floorcoverings, providing the distribution link between suppliers and customers across the UK and Continental Europe'.
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