Latham Timber Share Price (LTHM)

Have been buying LTHM as a hold for the long term a solid well funded /run company, with a good cash pile and NAV.

With one of the main competition out last year I expect LTHM will have been picking up new customers.

.....today, Seems as solid as an oak! Plans are sensible and fully funded. Hard to buy because I suspect no sellers and a pretty small capital. Very classy.

Results significantly ahead of expectations. Really nice well run company and totally below the radar. As it grows this will change.

2nd half T/O of £170m with profit (if back 18% normal rate) about £30m. Makes earnings for the year of around 310p /share -a P/E of 4! Surely a decent dividend should be coming.

Hi Walkley. Do you have any idea of forecasts for 2022? Multiplying the EPS x 2, for an annual figure, gives a p/e of <5x which is ludicrously cheap. However, the statement is clearly indicating that such strong growth recently will not repeat itself in the second half and, like many other management statements, there are all refs to supply chains problems, rising prices etc. to err on the side of caution. Nonetheless, I cannot help but feel that the shares are way too cheap, especially considering the quality of the management team and prospects.