Posts in LSE:JHD

Top ranked shares for the future

Top ranked shares for the future

After upgrading his decision engine, companies analyst Richard Beddard thinks he's got to the heart of investing and the reasons we so often make mistakes.

How to spot a future 10-bagger share

How to spot a future 10-bagger share

After years spent analysing the junior market, former AIM writer of the year Andrew Hore tells those after the next 10-bagger what to look for.

Why this serious investor is seduced by Churchill China

Why this serious investor is seduced by Churchill China

A visit to Churchill China's Stoke-on-Trent HQ impressed companies analyst Richard Beddard. But is he minded to buy the shares.

Director Deals - James Halstead PLC (JHD)

Geoffrey Halstead, Chairman, exercised 10,000 shares in the company on the 12th May 2017 at a price of 144.71p. The Director now holds 6,356,680 shares.

Director deals data provided by www.directorsholdings.com

Director Deals - James Halstead PLC (JHD)

Geoffrey Halstead, Chairman, exercised 160,000 shares in the company on the 5th April 2017 at a price of 144.71p. The Director now holds 6,346,680 shares.

Director deals data provided by www.directorsholdings.com

One top AIM stock I’d buy today and one I’d sell

Shares of commercial flooring firm James Halstead (LSE:JHD) are little changed after the company released its first-half results this morning. The fourth-largest stock on London's junior AIM market, at a share price of 490p Halstead is valued at over £1bn.

Is this 102-year-old firm, which operates in a mundane industry, worth buying today? Or is another AIM stock in a more exciting sector a better bet?

James Halstead hikes interim dividend

James Halstead's pre-tax profits rose to £23.2 million on the six months to the end of December - an increase of 0.8%.

The AIM-listed manufacturer and international distributor of commercial floor coverings said revenue rose by 4.3% to £119.6m and operating profit increased by 0.9% to £23.5m.

Other highlights: - Basic earnings per ordinary share 8.5p - a decrease of 1.1%

- Interim dividend increased to a record 3.75p - up 7.1%

- Net cash at £51.6 million ?

Chief executive Mark Halstead said: "Despite a tough six months in the UK and prevai

James Halstead turnover up

Commercial flooring manufacturer and distributor James Halstead expects first half profits to be in line with forecasts after turnover increased by some 3-4%, boosted by a confident December.

A pre-close trading statement ahead of the interim results for the half-year to 31 December noted that chairman Geoffrey Halstead's annual general meeing update on 2 December had commented that trading to date had been challenging and that making progress against the comparative half-year would be difficult.

In addition, the chairman commented on raw material shortages and price increases following sup

Banks buckle under lower rates

Big banks Royal Bank of Scotland (RBS) and Barclays (BARC) both slumped over 3% as long-term market interest rates fell following an earlier rally this week. The FTSE 100 struggled to gain positive momentum, closing 0.3% lower.

West Texas Intermediate crude oil gained 0.6% to $51.36 and Brent crude oil advanced 0.4% to $54.15 per barrel, respectively.

Gold continued its rally, rising 0.7% to $1,175 per ounce and copper was 0.6% at $5,776 per tonne.

Unemployment in the US fell from 4.9% in October to 4.6% in November, according to the US Bureau of Labor Statistics.

Weaker oil prices drag FTSE lower

Royal Dutch Shell (RDSB) fell 2% as oil prices took reversed their previous rally, dragging the blue chip index 1% lower to 6,682.

West Texas Intermediate crude oil fell 1.5% to $50.27 and Brent crude oil slipped 1.8% to $53 per barrel, respectively.

Gold gained 0.3% to $1,170 per ounce and copper declined by 1% to $5,732 per tonne.

FTSE 100 RISERS AND FALLERS

There was good news from the UK house building sector as pre-tax profits rose by more than a third in the first half of the year at Berkeley (BKG).