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James Latham plc – sales progress, but that is vanity and pain on the way?

Trade distributor of timber, panels and decorative surfaces, James Latham plc (LTHM) has issued an AGM statement including “revenue for the first four months of the current financial year, namely 1 April to 31 July 2022 is £142m. This represents an increase in sales per working day of 15% compared with the same period last year… cash balances remain strong and with our robust supply chains, this puts us in a good position to take advantage of the opportunities that exist in our market”. So why have the shares currently responded to 1130p, more than 7.5% lower?

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