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Read the final report issued on 29.02.24, you will find the dates there on on their website
When is the last day for getting shares to get the dividend soon ?.
Jefferies sound very bullish about this Company - wonder if they are right ?.
I should get back in as I was so wrong in sale recently .
Matthew Ingle founded the company and was the initial driving force through turbulent times. Much of the positive culture he created still exists and it's that DNA that continues to support the business.
However, there's new blood in the company and when you look at the calibre of the management along with their ambitions for growth (sales AND margin), there is no doubt that this company is a winner
Read the book of the ceo last weekend, great business. Currently not in discount so on the watchlist for the next cyclical downturn. When, no idea but clearly a business with the right DNA. UK offers a lot mediocre businesses at the FTSE but this is not one. I wish more busineness would have had the thinking of the CEO in the last 20 year in UK and EU. GLA
Sitting in my Howden's kitchen right now!
Great company
This is top up territory for me. It's not going to be an overnight success but I'm betting that 18 months from now this'll be approaching double figures.
New management now in place, new branches in the UK and the French / Irish outlets generating profits, all added to the continued rollout of new products - what's not to like about Howdens?
I've sold as I think there are better places for my money, but I can't see any massive fall happening here.
As you said SP down
No doubt the SP will slip this morning on the trading update but in today's climate, Howdens continue to outperform the competition.
Sales lightly down on a record 2022 but I'm more than happy with this update.
"Given the Group's continued resilient trading, the Board maintains its full year expectations for 2023, but recognising a more uncertain macro-economic outlook this is expected to be towards the lower end of the range of analysts' consensus forecasts."
That's still £300 million PBT!!
As long as they steer a steady ship through peak trading in September & October, this year should finish ok. Next year when all the recently opened UK, Ireland & French branches start maturing will be the big test. If they start to become profitable then there will be a significant upswing.
Dividends are Howdens weak point and while some funds who mirror the FTSE will buy shares, there's maybe not the return (yet) for some of the bigger investors.
Time will tell......
Into the Footsie 100 today , hope for interest from the big investors . Last time went in the Footsie 100 in the big investors did not take much interest .
There are still market pressures on the SP but when you compare the Howdens results to Kingfisher or Travis Perkins (who issued a profits warning) or Magnet (closing factories and withdrawing from less profitable market sectors) or even Wren (who must be struggling with their interest free offers), then being on track for another good year should be seen as a great result.
If they can continue at the current rates and successfully trade through their peak months in the autumn then the share price recovery will continue at a pace.
The only downside short term is the relatively low dividend
Have ridden the waves and tides running since mid December 22 and at the surge of high spots of yesterday reaching my personal sell level I swopped back to cash and am watching again.
Sadly dithered similar sweet spot in early Feb to dismay within days. We’ll see ….
Still has quite a high pension deficit and its interest bill has gone from 4m to 5m. On the surface the update looks ok but I'm not convinced enough to buy more at this price.
Looking very hopeful again for this seemingly solid Company.
Rollercoaster upwards last few days.
Just a pity is the ongoing modest Dividend which I feel depresses SP enthusiasm.
I agree and expected a rise not a fall in the SP
Why?
As predicted, despite challenging market conditions, Howdens remain on track for full year. That'll do for me!
Thanks for input
Not a buy back, they haven't announced any new programme yet. I assume the last one hit the £25m total as nothing declared since 9 June.
It's the Uncrossing Trade (UT) from the closing auction at end of day. You can see a similar UT every day looking back, nearly always a little above or below the spread depending on which side the auction closed on. I can't really explain the process and I'm convinced it involves some kind of wizardry, but it's common on many larger companies at the end of each day.
It sometimes sets the tone for open on the following day though.
11/7/23 16.35pm, after hours purchase of £3m shares at 2.6p premium over the days closing price.
Is this an another Company buy back order or just after hours Trading ?
Am a keen follower and holder of this solid numbers business so interested given how so few shares normally trade on daily basis.
Added again yesterday given low sp dip only to see it now even lower today !
Agree a very solid Company now at a very low price. Widely tipped even at much higher SP.
The Intrinsic etc Calculators rate it very good and at a much much higher target prices.
Time will tell.
This market continues to confuse.
With a positive 1st half trading statement due (in my opinion it'll at least be in line with expectations), a program of branch refurbs & new stores, new product etc. this has to be a steal at these prices. A dip yesterday on inflation figures but Howden is a sound bet going forward.
Happy to keep adding at this level with a view to holding long term
Exciting day ends beyond where they started.
They seem so very overlooked by many, maybe due to ongoing low dividend, but show such strong intrinsic values on most calcs.
Was very tempted to add at 8.30am.
Long term hold still.
Another buoyant update as Howden continue to deliver despite all the concerns about cost of living etc. If they can trade through a tough spell and stay on track for the year's forecast then the future has to look very bright when more "normal" times return. I'll continue topping up at these prices