gamesinvestor
30 Sep 2015
Impressive Results Nice 100 year birthday present[link] a P/E of 25 does look a little toppy for a EPS growth of 7% (which is very good in this market) and a profit growth of 5%.I'm thinking there is a better entry point here perhaps.Games -- Maybe I'll be thinking a long time, who knows?
gamesinvestor
07 May 2015
Re: Bought some shares at last gravy, Thanks - that explains it well.I missed the 313 entry this morning - it's bounced back to 320.Games
gravy
07 May 2015
Re: Bought some shares at last The stock splits I have recorded on my portfolio are as follows:2 for 1 27.02.061 for 1 14.01.111 for 1 11.01.13All were free of charge of course.
gravy
07 May 2015
Re: Bought some shares at last Yes there have been (several I think) stock splits. They have a history of preferring a manageable share price so they split the shares when they get a bit valuable. Don't really understand the reasoning myself but it has been their long-term strategy. It also explains why the eps has not appeared to do very well.
gamesinvestor
07 May 2015
Re: Bought some shares at last Hi Gravy thanks for the response. You say 320% since 2003, yet the share price graph seems to indicate it's pretty much at the same price now that it was back then.Have there been restructuring or stock splits?Games
gravy
07 May 2015
Re: Bought some shares at last Hi Games yes the recent share price performance has been desultory - flat and or down. My experience has been I bought in August 2003 and the share price since then is up 320%. In addition it has never failed to increase the dividend annually, has always paid more than 3% yield. On top, every few years it pays a special divi. I agree this performance is not spectacular - BATS for instance have done much better for me over that period. But it is a solid decent performance and if all my shares did as well I wd be very very happy. The company remains debt free, is growing steadily and throwing off cash. I think it will never ever have a growth spurt or shoot ahead. It is just a solid reliable grower over the years. At least, that is how I see it and I remain a holder for this reason. John Lee likes it too and I respect his skills.
gamesinvestor
06 May 2015
Re: Bought some shares at last gravy, just joined the board to start looking at James Halstead after reading John Lee's portfolio stories in FT. One thing that should not be forgotten here is that the share price appears to have been falling for 10 years, or at least it's at a level of 10 years ago having risen and subsequently fallen.Also it's earnings per share is half what it was in 2012 (29.4) versus projected 15.9p for this year ending 30th June 2015. What went wrong here?There are seeming strong characteristics like ROCE 43% and Profit Margins at 18%.The dividend yield at 3.3% is respectable, but the dividend cover has shrunk to just 1.4The P/E at 20.9 is higher than it has ever been and it's growth rate is forecast in low single figures.Any views on any of this are welcome, or reasons why James Halstead is likely to blow the doors off and show strong growth in the future?Games
gravy
08 Mar 2015
Re: Bought some shares at last You bought at a good time.
pharmaspecialist
23 Jan 2015
Bought some shares at last Based on its long term record, there can be little doubt that James Halstead is a good quality company but whenever I checked the share price, it always seemed to be a bit too high to buy. It is certainly no cheaper now, but what has encouraged me is the fact that cheaper raw materials, growth in the UK economy and the flood of euros from the ECB are all likely to help the company's growth so I have taken the plunge. I also believe that the company has quite a few of the characteristics (though certainly not all) that my favourite fund managers, Terry Smith and Nick Train, look for when they are assessing a company and I certainly like its profit margins. The significant family ownership is also comforting as this should ensure that the company will continue to avoid too much risk and that it will stay on AIM to retain the inheritance tax benefit.
gravy
05 Dec 2014
Re: NEW ARTICLE: Share Sleuth Digest: Wa... Big chemical companies - Dupont, Dow but the trouble is they are already (too?) expensive !
Bigzipper
04 Dec 2014
Re: NEW ARTICLE: Share Sleuth Digest: Wa... I'm just back in, hopeful that what must be a significant reduction in raw material costs offsets any problems with Euro zone economic woes.Generally been looking for gainers form oil price crash. Any ideas anyone (Polypipe?)?BZ
gravy
04 Dec 2014
Re: NEW ARTICLE: Share Sleuth Digest: Watchi... I hope the share price is not getting carried too high. The company is great but the rating is high enough for now?
