UK 01:04 Thursday, 15 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Just under a week ago I talked about Headlam Group (HEAD), noting I have been a bit of a fanboy after doubling my holding during 2020 but I had a couple of questions for the company at an upcoming planned conference call (despite last week’s update observing “profit slightly ahead of expectations, with strong cash generation…Early trading in 2022 has been encouraging…has continued to be able to largely mitigate the persisting industry wide supply issues and associated inflationary pressures”). However because it was the first day of February and hence I was a bit busy, I did not make the live call. However - thanks to the power of the internet - I caught up with it earlier today. So what did I think?
I have been a bit of a fanboy of Headlam Group (HEAD) - Europe's leading floorcoverings distributor, providing the channel between suppliers and trade customers of floorcoverings - for a while now. So what did its ‘trading and ESG update’ say today?
Floorcoverings distributor Headlam (HEAD) has announced that Steve Wilson has “stepped down” as Chief Executive and from the company having “been instrumental in the company's success throughout his 30 years with Headlam, the last five years as Chief Executive”. Bad news or time for a change?
There is typically always lots of corporate reporting on a Thursday. I am not surprised to see Shell (RDSB) shares down today, despite talking about a boost to its cashflow in the third quarter. Alternatively on the share price rise of Mondi (MNDI), which might have chatted about a 'strong performance in the third quarter with higher average prices across the business and strong volume growth year-on-year’, but also ‘a backdrop of sharply higher input costs’. As always with shares, you have to try and work out what is already factored in (and what is not). Anyhow, I thought I would talk about Headlam (HEAD), Europe's ‘leading floorcoverings distributor, providing the channel between suppliers and trade customers of floorcoverings’.
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?...
