Latham (James) (LTHM)

Sector:

Support

Index:

FTSE AIM 100

1,120.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 1,300.00
  • 52 Week Low: 955.00
  • Currency: UK Pounds
  • Shares Issued: 20.16m
  • Volume: 12,215
  • Market Cap: £225.79m
  • RiskGrade: 86

James Latham gobbles up timber products firm Dresser Mouldings

By Josh White

Date: Monday 25 Nov 2019

LONDON (ShareCast) - (Sharecast News) - James Latham has acquired the entire issued share capital of Dresser Mouldings Rochdale, it announced on Monday, which it described as a specialised processor of timber and cladding products.
The AIM-traded firm said it acquired Dresser for £1m, which would be satisfied in cash from its existing resources.

For the year ended 31 December 2018, the turnover of Dresser was £2.3m, with EBITDA coming in at £0.28m.

Founded in 2009, Dresser specialises in the processing and vacuum coating of bespoke timber products, the production of timber mouldings and other specialist timber machining for use in a variety of market segments.

Dresser operates from its site in Rochdale, and via an online store.

"We are delighted to have acquired Dresser which will allow us to increase our offering in processed timber," said James Latham chairman Nick Latham.

"We have worked together with Dresser for many years on some fantastic projects producing innovative solutions for architects.

"We have first-hand experience of the quality of their work and the in-depth knowledge of the staff at Dressers which is necessary for delivering these complicated projects."

Latham said the company saw a "great opportunity" to further grow and develop its products in that area.

"We look forward to working with the Dresser team and welcome them to the Latham family."

At 0846 GMT, shares in James Latham were down 0.29% at 860p.

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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.

 

Latham (James) Market Data

Currency UK Pounds
Share Price 1,120.00p
Change Today -5.00p
% Change -0.44 %
52 Week High 1,300.00
52 Week Low 955.00
Volume 12,215
Shares Issued 20.16m
Market Cap £225.79m
RiskGrade 86

Latham (James) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
7.43% below the market average7.43% below the market average7.43% below the market average7.43% below the market average7.43% below the market average
6.93% below the sector average6.93% below the sector average6.93% below the sector average6.93% below the sector average6.93% below the sector average
Income Not Available
Growth
38.20% above the market average38.20% above the market average38.20% above the market average38.20% above the market average38.20% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average

Latham (James) Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jan-24 03-Aug-23
Paid 26-Jan-24 25-Aug-23
Amount 7.75p 20.80p

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 550 @ 1,120.00p
16:24 1,500 @ 1,135.00p
16:15 100 @ 1,135.00p
16:05 250 @ 1,135.00p
15:50 1,744 @ 1,111.55p

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