Headlam Group (HEAD)

Sector:

Household Goods

Index:

FTSE Small Cap

102.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 186.00
  • 52 Week Low: 102.00
  • Currency: UK Pounds
  • Shares Issued: 80.83m
  • Volume: 107,103
  • Market Cap: £82.45m
  • RiskGrade: 210
  • Beta: 0.01

Headlam jumps after trading rebounds

By Sean Farrell

Date: Thursday 19 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Headlam shares jumped after the floorcoverings supplier said annual profit would be well above expectations following a rebound in trading.
After a tough second-quarter affected by the Covid-19 crisis, second-half trading has seen a "strong and sustained recovery" to 2019 levels, Headlam said in an investor update.

Revenue in the four months to the end of October fell just 1.2% from a year earlier and November is ahead of the previous year despite the coronavirus lockdown in England and other restrictions, the company said.

Headlam shares rose 14.4% to 373p at 12:23 GMT.

Underlying pretax profit for the period was £13.3m compared with a £1.2m loss in the first half. On the same basis, annual profit will be in the range of £14m to £16m, Headlam said. Underlying pretax profit was £39.5m in 2019.

The recovery was driven by a 10.5% increase in like-for-like UK residential sales in the four months to the end of October, more than making up for a drop in commercial sector demand.

"Given this sustained recovery in performance and management's continued focus on costs, the company now expects to report underlying² profit before tax for the year materially ahead of current market expectations of a breakeven performance," Headlam said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Headlam Group Market Data

Currency UK Pounds
Share Price 102.00p
Change Today -0.50p
% Change -0.49 %
52 Week High 186.00
52 Week Low 102.00
Volume 107,103
Shares Issued 80.83m
Market Cap £82.45m
Beta 0.01
RiskGrade 210

Headlam Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.47% above the market average64.47% above the market average64.47% above the market average64.47% above the market average64.47% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Price Trend
76.93% below the market average76.93% below the market average76.93% below the market average76.93% below the market average76.93% below the market average
56.52% below the sector average56.52% below the sector average56.52% below the sector average56.52% below the sector average56.52% below the sector average
Income Not Available
Growth
92.28% below the market average92.28% below the market average92.28% below the market average92.28% below the market average92.28% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Headlam Group Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 26-Oct-23
Paid 07-Jun-24 28-Nov-23
Amount 6.00p 4.00p

Trades for 14-Mar-2025

Time Volume / Share Price
14:31 1,743 @ 102.36p
14:03 25,000 @ 102.00p
10:44 37,415 @ 102.00p
10:40 37,415 @ 102.00p
11:23 800 @ 102.08p

Headlam Group Key Personnel

CEO Chris Payne
Chair Stephen Bird

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