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Share Price: 1,205.00

Bid: 1,180.00

Ask: 1,230.00

Change: 0.00 (0.00%)

Spread: 50.00 (4.237%)

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James Latham reports strong sales of timber and panels

Wed, 22nd Aug 2018 12:32

(Sharecast News) - James Latham reported strong sales for the first four months of its financial year and said it was ready for a period of greater uncertainty. In the period from April to July, the timber and panels supplier's sales per working day were 9.1% higher than a year earlier, the company said in a statement before its annual meeting. Cost prices of products have risen, helping revenue but putting some pressure on margins, which were "slightly lower" than the second half of last year.Volumes increased through the company's warehouses and direct with most of the increases in panel products. Demand for timber and panels is strong, including for added value timber products, melamines and doors.The statement appeared to show a slight slowdown during the period. In June James Latham said sales in April and May were up 9.8% and margins were "very slightly lower" than the second half of 2017/18.The company said: "We know we are entering a period with more uncertainty and greater competitive and market pressure. We remain positive that we can meet the challenges ahead and continue to grow our business."The AIM-traded company's shares rose 5.2% to 705p at 12:40 BST.

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20 Mar 2014 10:48

James Latham Says Full-Year Profit To Beat Expectations

LONDON (Alliance News) - James Latham PLC, the joinery and wood distributor, said in a trading statement Thursday that revenues for the year ending March 31 are expected to be broadly in line with expectations, with a pretax profit higher than previously expected. The group said it intends

20 Mar 2014 09:19

Thursday broker round-up UPDATE

Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target

20 Mar 2014 08:42

James Latham eyes forecast busting full-year profit

- Full pre-tax profit to come in ahead of targets - Annual revenue expected to reach targets - Shares jump four per cent Shares of timber merchant James Latham rose sharply after it said full-year pre-tax profit is likely to be higher than expected while revenue is expected to be broadly in line wi

20 Mar 2014 08:34

UK MORNING BRIEFING: Shares Open Lower On Yellen Rates Comment

LONDON (Alliance News) - Shares have opened lower Thursday, as markets around the world react to Fed Chair Janet Yellen's hint of an earlier-than-expected rise in US interest rates. The CEO of handbag firm Mulberry has stepped down after only two years in the job.

4 Feb 2014 11:34

DIRECTOR DEALINGS: James Latham Executives Acquire Shares

LONDON (Alliance News) - James Latham PLC Tuesday said Chairman Peter Latham, Finance Director David Dunmow and a group of other executives acquired shares at a price of 435 pence per share under the company share plan Monday.

Details are as follows.

28 Nov 2013 12:35

James Latham First-Half Profit Rises Driven By Higher Sales Volumes

28 Nov 2013 12:27

CORRECT: AIM IN BRIEF: Herstal Emerges As Favourite To Acquire Manroy

28 Nov 2013 08:22

AIM IN BRIEF: Beretta Emerges As Favourite To Acquire Manroy

29 Aug 2013 14:55

DIRECTOR DEALINGS - James Latham Allocates 2.8K Shares

25 Nov 2010 12:46

Small caps round-up: Europa Oil, Regal Petroleum, Cardiff Property...

Shares in Europa Oil & Gas gushed ahead after it said drilling at the Barchiz-1 exploration well in Romania encountered oligocene sandstone reservoirs similar to those seen in a nearby field. 'Clearly we are extremely encouraged by this result and look forward to seeing the flow test results in the

29 Jun 2010 11:03

Small caps round-up: Northern Bear, Airsprung, Pursuit Dynamics...

Support services group Northern Bear stretched its strong run Tuesday after claiming a good start to the new financial year, with its order book and pipeline well up on a year ago. "The board is pleased to announce that the new financial year has started well, with strong order books and a healthy

29 Jun 2010 07:50

James Latham FY Pretax Profit GBP5.59M Vs GBP4.17M

LONDON (Dow Jones)--James Latham PLC (LTHM.LN), said Tuesday that it made pretax profit of GBP5.59 million for the year ended March 31, compared with GBP4.17 million. MAIN FACTS: -Revenue in the financial year to March 31, was GBP115.37 million, 1.3% up on last year's GBP113.90 million -

20 Aug 2009 15:54

James Latham felled by revenue dip

Timber merchant James Latham says revenue during the first four months of its financial year is down nearly 9% on a year ago as the recession dulls activity. The company, which has seen its share price rally almost 60% since March, blamed the weaker economy and some lower product prices. Although

25 Jun 2009 17:01

London close: Late rally not enough

A late rally by UK equities was not enough to prevent the blue-chip index closing in negative territory, largely as a result of weak miners, which were weighted down by softer metals prices. Lonmin, Vedanta, Rio Tinto and BHP Billiton were all stuck in the red. Elsewhere in the sector, Anglo Americ

25 Jun 2009 14:27

London afternoon: Banks and miners retreat

Leading equities drift lower in the afternoon session, led by banks and miners. Asia-focused bank Standard Chartered eases back, despite enjoying record income and operating profit in the first five months of this year. Some of this success has been offset by weakness in consumer banking, however,

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