Headlam Group (HEAD)

Sector:

Household Goods

Index:

FTSE Small Cap

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

Headlam speeds dividend on upbeat profit forecast

By Sean Farrell

Date: Thursday 29 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Headlam said it would speed up payment of normal dividends as the flooring distributor predicted annual results well ahead of expectations.
After a slow start to the first two months of the first half, commercial sector revenue picked up and was only 3.2% less in June than two years earlier. Residential sales were strong throughout.

July was in line with two years earlier before the busy summer period for refurbishment in the commercial sector. As a result, Headlam predicted annual underlying pretax profit of at least £35m compared with market expectations for £29m. The equivalent profit was £17.1m in 2020 and £39.5m in 2019.

"The company now expects full year performance to be materially ahead of current market expectations," Headlam said in a trading update. "The board will now expedite the resumption of normalised levels of dividend payments. A return to a full dividend payment based on earnings will occur at the time of the interim results."

Headlam shares rose 7.2% to 525.4p at 11:23 BST.

Email this article to a friend

or share it with one of these popular networks:


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 186.00p
52 Week Low 102.00p
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

Top of Page