Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Describing itself as “the UK’s leading floor coverings distributor”, Headlam Group (HEAD) has issued a “Trading Update” including noting a “planned reduction in certain sales activity as the business implements its new core customer strategy to refocus on independent retailers and flooring contractors… Under the leadership of the new management team who have now been in place for eight weeks, certain operational improvements have already been implemented… remains focused on delivering further significant operational and commercial improvements”. So what about a current more than 12% lower share price response towards 31p?
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