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Polar difference from headlums end of year this will not be good news for them
Very positive results considering market conditions.
Clearly outperforming their closest competitors.
Great news for shareholders on the dividend too.
Estimates are for £140m. I hope for nearer to £150m revenue
Looking forward to Mondays full year results i expect it to show bigger growth getting close to first target of 200 million sales
Victoria share price collapse is more to do with stalling growth while holding massive amounts of debt. Victoria bonds will need replacing 2026 and obviously rates staying higher for longer is not going to help.
Wishful thinking. The market is flat. Take a look at Victoria’s share price. Major player struggling to get above £2. Down from £7.90.
I think Mondays full year results will be very positive, not only have they imo taken larger market share it will show real growth. which will be the polar opposite of headlum announcement this week blaming decline in floor covering market
Yes Headlam
"That’s what happens when you annoy vast swathes of your core customers - they go elsewhere!"
Are you referring to Headlam?
Interested to see what the results look like for Likewise on Monday.
That’s what happens when you annoy vast swathes of your core customers - they go elsewhere!
There is such ill feeling towards them it’s unbelievable so these kinds of updates were always going to happen.
They look like they’ve got further to fall. I know they’re trading less than book value but they’ve got current debt of £43m (£36.5m) and are betting on an improving second half. If that doesn’t happens, they’ll be back to having to increase debt. It’s never a good sign when you’re using debt to pay interest on debt.
Fall today is due to Headlam profit warning
"If the company is doing so well why does the share price not reflect that?" is what I said. I wouldn't invest in them because I doubt that until market conditions improve, and interest rates fall, I suspect that you may see 20p will by the end of the year.
Its a weak buy but there is maybe a penny or two in them.
I would like to hear more about Headlam and Likewise on Likewise discussion board. If they are or have worked for them all the better. They are more likely to have information I couldn't find.
Sorry I don't understand you mentioned the company is doing well but the price isn't (must be Likewise)then you go on to imply you wouldn't invest in them yet you have flagged them as a weak buy?
Why the obsession with Headlam? Too many of us caught a cold investing in them. All the posts seem to come from likewise employee. If the company is doing so well why does the share price not reflect that. Invested else are and fortunately recovered my losses. I wouldn’t go back in again.
Agreed - Likewise can’t lose against Headlam currently. Their approach to the market is changing and bolstering our position with the trade.
Watch out for an RNS on Monday from Headlam announcing huge share packages for Chris Payne and others. At the same time all of their representatives are being hauled into head office, whereby rumour has it 35 will lose their jobs.
I am as sure as I can be. Assets backing up the balance sheet is also helping sleeping at night while waiting. I think quite a few flooring retailers jumped into the shares at the beginning who knew the team but not so much the stock market and have grown impatient/fearful and pulled out. All I can say is I am great full to be buying at these levels and can't wait for that dividend to grow.
Thanks for your thoughts William..
As far as I’m concerned, Likewise are an absolute no brainer for making a success of it. Having worked for AJB previously and now putting most of my business their way, I’m doing all I can to help in any way possible.
This coupled with Headlam being run by clowns puts us in good stead and over time it’ll bear fruit hopefully
Perfectly reasonable question. A few things I would say.
Many don't like newly listed companies until they can see a good few years " clean listed results "
Few people will of heard of Likewise let alone know what makes them so good.
Headlam group which is the only comparison has performed awfully lately so people might think it's the trade not Headlam that is so bad.
Likewise has been growing aggressively to reach £200m turnover so reinvesting in growth instead of concentrating on paying out. I think Scotland division last comment allowed for expansion in warehouse of 90%.
I believe it is just a matter of time before market catches up and that is why this remains my largest holding.
Can somebody shed light on this please because I’ve no idea how or why this is happening but I assume some of you will?
I’m talking generally here. I’m not talking about specific dates or specific share prices just in general but the question is - how can a company Start with a share price of 20p, achieve several short term objectives, grow in size and in Profitability and 5 years later have a share price of 16p - How on earth is this possible?
I’ve wondered for ages how a company can be on the up but the share price on the way down at the same time. It makes absolutely no sense to me?
It begs the question to my mind, What does the company have to do to get a share price of 50p for instance? If they are doing everything right at the moment and are clearly on the right path while the share price is going backwards what do they need to do to get the share price moving forwards?
I don’t know if this is a common occurrence or not or Whether I’m just jinxed? Any insight or opinions would be appreciated 👍
It is worth taking a look at the Headlam Facebook Post yesterday. Likewise Group got more support on it than Headlam.
May 14th for next update.
👍
Tony Judge
Retirement , to the best of my knowledge.
Madtom I see Tony Judge did leave at the end of March resigning from both Delta and Valley 29th March. Any idea on reason?
118K of shares sold drop of 7% prob directors sale