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I'd be surprised to see £2bn turnover this year although UK / NI sales are going well and France making a healthy contribution. Bought more on the recent dip with an achievable target of £10 by the year end. Next trading announcement will come after the critical October sales period
Nice to see this return to the £9 position again. As per trend in previous years the SP takes a dip during main sales periods and then jumps up as the cash starts to flow back in from those sales when credit is settled
T/o based on early profit updates look like 2021 could be a £2bn t/o year, and having started the year with a strong cash position this looks like it could become a pivotal year for Howdens. imo.
Anyone wanted to take a position on what T/o will be ?
Curious on thoughts on the price impact with the buy back taking place and now seems steady above 9.00. Is this going to stablise at this level or grow some more? Am a LTH and a watcher rather than a regular poster
Seems their prediction was fairly accurate .
A very well run Company with sound results again .
Well all in all I hope the coe does look after his staff too not only share holders and his pocket .
It's not often you get in at the perfect time but I bought this at £5.049. Just wish I'd have bought more. Don't know whether to hold on long term or sell up. Great performance.
"Accordingly, we are currently expecting pre-tax profits of around £300m for 2021 as a whole."
2019 - £260M
Plenty of stock in all the branches, new ranges, estate being upgraded, capital expenditure, expansion in foreign markets..........the list goes on and all before their big autumn trading
December 2020 I thought somewhere in the low £7's was achievable!
Credit Suisse seem confident of further good news ; up to 900p . We will have to wait and see . Wonder if that could get this Company into the FTSE 100 ?.
Nice drop of divi's , good sound company IMHO .
Solid company , our best performing share .
52 week high and only dropped a couple of pence . Got me there .
Still our top share & very likely to stay that way .
lol
Easing up through the day , sells later on today . Not LTHs .
One of the greatest share to invest . absolutely good as gold
"As predicted AcciesLad, this is so clear. KIngfisher margins can be 1/2 those declared at Howdens." - So what? Let Kingfisher trade at lower margins. They've done it for years!
"The company struck a more cautious note on the outlook, saying that so far this year, it is experiencing pressure from commodity prices, increasing freight costs and product mix, with a higher than usual proportion of sales coming from lower margin products." Good to see management engaged with the business and reading the market
"Management's plan to have fewer kitchens and more takeaway is the core issue." Howdens plan to sell fewer kitchens? Seriously?
"Management are letting Wren beat them hands down, watch now as Wren senses blood and turns up the heat!" New director pops £50k of his own money into Howdens shares - that shows confidence in a market leader. Let's wait and see where we're at at the end of the year - I'll wager I won't regret holding these
Added some more just now .
GLA
I was looking back at previous years and its reassuring to see how Howdens Joinery have invested in their stores and supply chain facilities, opening new warehouses and factories and the recent depot upgrades. Great story
Let's hope so. Was aiming for £7 with this one but decided just to keep hold of this. Hope it just keeps gaining
I work on a lot of local council and government funded housing sites over a year, as a shareholder its a great feeling when the site takes delivery of 200 howdens kitchens
onwards and upwards for this company
Just to look at a few of what is a significantly positive update.....
The company has growth the cash bank balance to £430m - how many other companies are in this position after the Covid crisis, and after having paid back the money that was loaned out by the government for support
> Margins remain north of 60%
>Dividends back on £100m allocated for shareholders
>European sales showing double digit growth
>Further investment in vertical integration
> Business has a further £23m of stock
> £70m of capx invested during 2020
I could go on and on....
This business is in great shape
As predicted AcciesLad, this is so clear. KIngfisher margins can be 1/2 those declared at Howdens.
The company struck a more cautious note on the outlook, saying that so far this year, it is experiencing pressure from commodity prices, increasing freight costs and product mix, with a higher than usual proportion of sales coming from lower margin products.
Management's plan to have fewer kitchens and more takeaway is the core issue. Ridiculous. Management are letting Wren beat them hands down, watch now as Wren senses blood and turns up the heat!
Just a comment that is all .
No intention of selling as this our LTH .
LOL .
Someone has confidence in this share - a £4m buy yesterday.
UK market is strong, people are not taking holidays so money being invested in home improvements, builders not taking holidays so lots of time to fit kitchens. Compound this with how Howdens is stocked whilst others cut back during covid this is a recipe for success.
Looking forward to seeing the Dividends start again as clearly cash generation is not an issue.
sell on a Thursday then ; 0