HEAD

1 day ago

Tom Winnifrith Bearcast No 2: Just how bad are things at Headlam?

I start with events at Warwick which, after 14 years of campaigning, obviously dominate my thinking today. Then it is World Chess (CHSS) and Headlam (HEAD). 

1217 days ago

Headlam – interims, still a trading resilience Buy?

Floorcoverings distributor Headlam Group (HEAD) has announced results for the first half of 2022 and that trading resilience continues with it remaining on track to meet market expectations for the year.

1259 days ago

Headlam – half-year trading statement, a value Buy?

Headlam Group (HEAD) has announced a “pleasing” half year performance and that it “remains on track to meet market expectations for the year”.

1339 days ago

Headlam – AGM trading update, further profit progress: BUY

Floorcoverings distributor group Headlam (HEAD) has issued an AGM trading update including that it “continues to be comfortable with profit expectations for the year”. So what of a current 338p share price?

1404 days ago

Headlam – 2021 results, further trading improvement to follow: BUY

Europe’s leading floorcoverings distributor group Headlam Group (HEAD) has announced its results for the 2021 calendar year and said “trading in January and February 2022 in line with plan, with the strong margin performance in 2021 maintained into 2022”.

1565 days ago

Headlam – Chief Executive “stepped down”. Bad news or time for a change?

Floorcoverings distributor Headlam (HEAD) has announced that Steve Wilson has “stepped down” as Chief Executive and from the company having “been instrumental in the company’s success throughout his 30 years with Headlam, the last five years as Chief Executive”. Bad news or time for a change?

1628 days ago

Headlam – as suspected, “materially ahead of current market expectations”

Early in July we noted shares in Europe’s leading floorcoverings distributor Headlam Group (HEAD) looked a recovery buy at a 495p offer price, considering there clear potential for outperformance of forecasts based on the trading momentum and the operational improvement programme being implemented. A “Pre-Close Trading Update” sees the shares currently at 528p. Is there still further upside?

1644 days ago

Headlam Group – a recovery buy?

A trading update earlier this month from Headlam Group (HEAD) included “total revenue for the year-to-date is now in-line with the 2019 comparator, having been slightly below for the four months to 30 April 2021” and “the company’s Operational Improvement Programme delivering revenue growth opportunities and cost improvements”. This combination suggests there is further recovery value in the shares.