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Malaika111, So cash rich city analysts reckon a special divi may be in the offing. DD
Well done lacroix , tried your best to let them see your point of view . Strong company , worth hanging to unless you have a bit of profit to take .
It should really be a lot higher but market sentiment toward housebuilders and home improvers just not there due to rate rise expectations. TP, SFE and builders still under downward pressure with Carney going on about bubbles even though he more worried about household debt. A case in point being TEF - a company of 180 million market cap already forecasting 120 million profit over next 4 years (99% sold for 2015 with further sales already agreed to 2018) and price been spanked with everyone else over last few months. Fund managers seem to take sector rather than bottom up approach at mom.
i know what you mean but i think this shows good reporting practice as its highlighting they are aware of any possible threats to profits. if your aware of your potential threats, then you can sometimes plan to avoid them. Also they are being transparent to their shareholders and stating facts. Of course the facts are that the profits are rising. Excellent news for all.
At first read they look good but I am concerned market will look at outlook section and specifically the bit that says "Risks to gross margin from exchange rates and cost inflation". Lets hope the market focuses instead on "well placed to achieve expectations for the full year".
Great set of results, they keep on selling those kitchens well. Profit up on last year.
Thought there might have been a bit more interest today than what we saw
Half year results due thursday. Latest broker forecast 390p. BUY
Depot by me still so busy, latest broker rating 440p.Is this a snip or what? Iam buying ahead of the results for my ISA. BUY
I think as long as it can push through the 330 level, we may be on for a good climb upwards. more stores opening can hopefully bring in more business. golden question is how high will it go.
Sounds boring,but I now go out of my way to visit depots -----BUSY BUSY BUSY. This share price is a snip.Don"t regret buying in when the figures are published in July.
Malaika111, I'm sure it's just wider market activity. I don't think anything is wrong, we may just have to wait for the tide to turn.
There's a level of support at around 305. I'd like to think this will bottom out now and then go into reverse. I too am baffled by the decline as there is nothing wrong with the company or the sector they are in. The results have been positive, so why the change in sentiment? Its a good company with strong management that I'd been a supplier to since their MFI days ( until a couple of years ago when I left that job) and I've always been impressed by the enthusiasm of staff at all levels. I originally invested mid February, close to their peak and lost a little on them. I'm now on the sidelines waiting to get back in when this bottoms out.
It amazes me. A sensible speech from the bank of england gov last night and,all shares linked to housebuilding throw their toys out of the pram. Get real. VISIT A DEPOT,LOOK FOR YOURSELF. Buy,Buy,Buy at this price.Good figures in July.
Re read interim statement it showed 8.5% growth LFL at first quarter 2014. The depots I have visited are happy it is better as the year progresses "over 10%' Visit a depot yourself and you will feel the growth .BUY
Visited a depot whilst travelling yesterday. They said 'really busy we are over 10% up on last year". Does it for me.BUY
Could be profit takers .
Why has the sp taken a hammering of late? Housebuilding at a high level. All of my mates in the trade go to Howden's.
Visited two Howden Depots yesterday. Busy with customers and both counter staff said "really good trade" and "much better than last year" Don't be fooled this is a growing company. VISIT A DEPOT YOURSELF then BUY BUY BUY
Carlos Fandango - on a personal level I have done well on the back of Howden shares over the last few years. My Howdens source states there are clearly nerves within, as almost every Benchmarx outlet has an ex-Howdens employee in place and at a higher level also. While they are of no risk currently, they have major growth plans - as I state 10 year plan and TP is very successful at setting up specialist arms to it's empire.And as you say TP are very supportive financially at the moment, but who bankrolled Howdens branch growth plans in their early years - they were initially part of the MFI group !!! I believe the statement of being larger than Howdens eventuallyis over ambitious (their goal is on their website),but they will definitely take a slice of the cake - like I said 'worth keeping an eye on'!!!!
Its only the size of TP thats keeps benchmarx afloat. If it was a standalone venture it would have gone pop a long while back. Look at the locations where Howdens and Benchmarx are close to each other and see the builders vans outside Howdens and the tumbleweed in the benchmarx car park. Last time i enquired benchmarx dont even have automated stock replenishment, everything has to be manually ordered - in 2014? Do me a favour. Howdens hierarchy nervous? Doubt it very much.
sold off a large chunk of my shares a few weeks ago @£3.92, made some enquiries about a competitor - Benchmarx, part of the Travis Perkins group, they have 80 stand alone depots (Howdens style), mainly around Birmingham and South East, and 40 converted independently branded showrooms, giving a total of 120 trading outlets.Their long term 10 year plan is to be larger than Howdens.There are nerves within the Howdens hierarchy as Benchmarx have poached many staff at all levels from senior managers to shop floor level -worth keeping an eye on !!!!!
What do people do when house\mortgage prices rise or blip uncertain?----They buy a new kitchen!!!!!! Take advantage of this low volume price drop,I will tomorrow. BUY BUY BUY
Not sure why the drop only news was the director transferring shares to his misses. be interesting to see what happens tomorrow i was going to buy in yesterday luckily my indecision paid off for once
Weekend newspapers and market reports say -HOUSEBUILDING AND RESIDENTIAL REFURBISHMENTS ACTIVITY REMAINED CLOSE TO A 10 YEAR HIGH IN APRIL - I agree looking around. Does it for me before the share price rises much more. BUY BUY BUY