Latham (James) (LTHM)

Sector:

Support

Index:

FTSE AIM 100

1,094.29p
   
  • Change Today:
    -30.71p
  • 52 Week High: 1,300.00
  • 52 Week Low: 955.00
  • Currency: UK Pounds
  • Shares Issued: 20.16m
  • Volume: 4,975
  • Market Cap: £220.61m
  • RiskGrade: 86

James Latham acquires IJK Timber parent company

By Iain Gilbert

Date: Monday 25 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Timber distributor James Latham said on Monday that it has acquired the entire issued share capital of Sarcon and its IJK Timber subsidiary.
Latham stated IJK, which trades as IJK Timber and Northern Hardwood and operates from two sites in Northern Ireland, had been acquired for £4.0m, plus or minus a net asset adjustment based on estimated net assets of £3.5m.

The AIM-listed firm said the consideration would be satisfied in cash from its existing resources.

For the year ended 30 September 2020, the turnover of IJK was £8.8m and underlying earnings were £507,000.

Chairman Nick Latham said: "We are delighted to have acquired IJK which will allow us to increase our panel product and timber offering in Northern Ireland.

"We see a great opportunity to further grow and develop our products in Northern Ireland, which will complement our Abbey Woods business in the Republic of Ireland and the business we do into Ireland from Leeds."

As of 1300 BST, James Latham shares were up 0.34% at 1,174.0p.

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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 1,094.29p
Change Today -30.71p
% Change -2.73 %
52 Week High 1,300.00
52 Week Low 955.00
Volume 4,975
Shares Issued 20.16m
Market Cap £220.61m
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
0.11% above the market average0.11% above the market average0.11% above the market average0.11% above the market average0.11% above the market average
0.99% above the sector average0.99% above the sector average0.99% above the sector average0.99% above the sector average0.99% above the sector average
Income Not Available
Growth
37.59% above the market average37.59% above the market average37.59% above the market average37.59% above the market average37.59% above the market average
36.00% above the sector average36.00% above the sector average36.00% above the sector average36.00% above the sector average36.00% 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
10:42 4 @ 1,105.00p
10:39 220 @ 1,105.00p
09:56 25 @ 1,105.00p
08:58 200 @ 1,116.00p
08:56 750 @ 1,120.00p

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