I bought Headlam today at 205p. There was a trading update yesterday (see link below). Strong balance sheet and clear accounts I believe. Management have done well in the past. If nothing fundamental goes wrong with the business, I'll just hold (for years?) until trading improves. They pay a decent dividend - hargreaves lansdown says 8.57% - (as long as they stay profitable).
https://www.investegate.co.uk/announcem ... e-/7935800
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Headlam (HEAD)
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Re: Headlam (HEAD)
clissold345 wrote:I bought Headlam today at 205p. There was a trading update yesterday (see link below). Strong balance sheet and clear accounts I believe. Management have done well in the past. If nothing fundamental goes wrong with the business, I'll just hold (for years?) until trading improves. They pay a decent dividend - hargreaves lansdown says 8.57% - (as long as they stay profitable).
https://www.investegate.co.uk/announcem ... e-/7935800
I’m not sure that dividend is correct and would not trust the data on the HL website. My data source shows a dividend of around 10p is expected for FY23, barely covered by earnings. I read the trading update and didn’t find it that easy to interpret and found it too vague to be honest. I think the best that you can say is it’s a decent value share at a cyclical low (earnings have slumped so PER is high) with strong asset backing (PTBV < 1). From memory the assets are mostly freehold property. I wish you well with it.
All the best, Si
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Re: Headlam (HEAD)
Likewise Group (LIKE) are one of Headlam's competitors. Here's an interview with Tony Brewer, CEO of Likewise (and former CEO of Headlam).
https://progressive-research.com/podcas ... n-carpets/
https://progressive-research.com/podcas ... n-carpets/
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