Headlam Group (HEAD)

Sector:

Household Goods

Index:

FTSE Small Cap

176.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 310.00
  • 52 Week Low: 172.00
  • Currency: UK Pounds
  • Shares Issued: 80.78m
  • Volume: 17,933
  • Market Cap: £142.17m
  • RiskGrade: 210

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.

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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 176.00p
Change Today 3.00p
% Change 1.73 %
52 Week High 310.00
52 Week Low 172.00
Volume 17,933
Shares Issued 80.78m
Market Cap £142.17m
RiskGrade 210

Headlam Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.93% above the market average50.93% above the market average50.93% above the market average50.93% above the market average50.93% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
67.89% below the market average67.89% below the market average67.89% below the market average67.89% below the market average67.89% below the market average
84% below the sector average84% below the sector average84% below the sector average84% below the sector average84% below the sector average
Income
63.18% above the market average63.18% above the market average63.18% above the market average63.18% above the market average63.18% above the market average
68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average
Growth
92.63% below the market average92.63% below the market average92.63% below the market average92.63% below the market average92.63% below the market average
92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 2
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 28-Mar-2024

Time Volume / Share Price
16:35 3,616 @ 176.00p
16:35 1 @ 176.00p
16:35 673 @ 176.00p
16:35 86 @ 176.00p
16:35 56 @ 176.00p

Headlam Group Key Personnel

CEO Chris Payne

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