The Lemon Fool

This board doesn't seem to be getting much attention. Personally I might be more interested in a Total Return board.

However, I think Halma qualifies as a growth share. Sub 1% yield and capital growth of 55% so far this calendar year.

Today's interims looked good to me, and the market seems to agree (up 11% so far today).

https://www.investegate.co.uk/halma-plc ... 00068162T/

I keep having to pinch myself with this share - can its fine run continue? The underlying approach of many small
bolt-ons is interesting - no dangerous nonsense with 'transformative' deals. I am wondering whether other companies which grow in the same way might be worth looking at.

One of the companies I had thought of buying but never got round to doing so. Pity. Probably too late now.

Bouleversee wrote:One of the companies I had thought of buying but never got round to doing so. Pity. Probably too late now.

I first bought into it after a write-up by ValueMargin (IIRC) on TMF listing companies with long records of high CAGR, he listed HLMA as averaging 17.2% CAGR 1969-2012. Since then the SP has quadrupled or so.

It is never too late.

JamesMuenchen wrote:

Bouleversee wrote:One of the companies I had thought of buying but never got round to doing so. Pity. Probably too late now.

I first bought into it after a write-up by ValueMargin (IIRC) on TMF listing companies with long records of high CAGR, he listed HLMA as averaging 17.2% CAGR 1969-2012. Since then the SP has quadrupled or so.

It is never too late.

Although FT Lex is not positive at the moment, with it being on a multiple of 36 compared to average of 24 over the last 5 years.

torata

Google: "Halma: health warning"

torata wrote:

JamesMuenchen wrote:

Bouleversee wrote:One of the companies I had thought of buying but never got round to doing so. Pity. Probably too late now.

I first bought into it after a write-up by ValueMargin (IIRC) on TMF listing companies with long records of high CAGR, he listed HLMA as averaging 17.2% CAGR 1969-2012. Since then the SP has quadrupled or so.

It is never too late.

Although FT Lex is not positive at the moment, with it being on a multiple of 36 compared to average of 24 over the last 5 years.

torata

Google: "Halma: health warning"

On the other hand, today's Tempus says BUY!

https://www.thetimes.co.uk/article/halm ... -pwgmt66p3

Behind a pay wall I expect - like FT Lex.

The Tempus article gives an overview of the business, providing a starting point for those thinking about the company.

Personally, I share the 'never too late' attitude of JamesMuenchen

DYOR of course.

God I haven't seen a post on Halma in a while. It's just a well run company that doesn't set the world alight but keeps churning out the profits

I bought in 2003 with the note "Safe moderate yield, moderate growth, history of increasing divis forever" but the yield didn't keep up with share price growth. I took my HYP hat off and topped up 2017 as a GARP share. I think it was a bit of a "regret not buying more in 2003" purchase as I kept looking at it hoping it's yield would improve. As its nearly doubled from 2017 and up 20 times my original purchase price I can't complain about my little bit of value investing

I bought in 2002 @117p following a post on TMF. Price today is 2163p. I now top slice regularly up to my CGT limit to reinvest in my HYP or income ITs. The way that the price keeps on going up, it would be a few years before I managed to sell them all even if I wanted to. We live on our state pensions and the income from our HYP. I worked overseas until 2008 so Halma was for a long time in certified form, i.e. unsheltered and bed and spousing has been using high yield shares to minimise income tax, leaving Halma to do it's own thing.

john