Https://www.mining.com/greatland-gold-makes-two-senior-leadership-appointments/
Matthew Ingle founded the company and was the initial driving force through turbulent times. Much of the positive culture he created still exists and it's that DNA that continues to support the business.
However, there's new blood in the company and when you look at the calibre of the management along with their ambitions for growth (sales AND margin), there is no doubt that this company is a winner
I'm beginning to struggle with this one.
Amazon - MicroSalt 60 G tub (40% less sodium) £7.95. Saxa Lo Salt 350 G tub (50% less sodium) £1.99
Saxa product delivers 20% less sodium, has almost 6 x more volume and is a quarter of the price. How is MicroSalt going to generate any kind of traction?
This is top up territory for me. It's not going to be an overnight success but I'm betting that 18 months from now this'll be approaching double figures.
New management now in place, new branches in the UK and the French / Irish outlets generating profits, all added to the continued rollout of new products - what's not to like about Howdens?
No doubt the SP will slip this morning on the trading update but in today's climate, Howdens continue to outperform the competition.
Sales lightly down on a record 2022 but I'm more than happy with this update.
"Given the Group's continued resilient trading, the Board maintains its full year expectations for 2023, but recognising a more uncertain macro-economic outlook this is expected to be towards the lower end of the range of analysts' consensus forecasts."
That's still £300 million PBT!!
As long as they steer a steady ship through peak trading in September & October, this year should finish ok. Next year when all the recently opened UK, Ireland & French branches start maturing will be the big test. If they start to become profitable then there will be a significant upswing.
Dividends are Howdens weak point and while some funds who mirror the FTSE will buy shares, there's maybe not the return (yet) for some of the bigger investors.
Time will tell......
There are still market pressures on the SP but when you compare the Howdens results to Kingfisher or Travis Perkins (who issued a profits warning) or Magnet (closing factories and withdrawing from less profitable market sectors) or even Wren (who must be struggling with their interest free offers), then being on track for another good year should be seen as a great result.
If they can continue at the current rates and successfully trade through their peak months in the autumn then the share price recovery will continue at a pace.
The only downside short term is the relatively low dividend
With a positive 1st half trading statement due (in my opinion it'll at least be in line with expectations), a program of branch refurbs & new stores, new product etc. this has to be a steal at these prices. A dip yesterday on inflation figures but Howden is a sound bet going forward.
Happy to keep adding at this level with a view to holding long term
Another buoyant update as Howden continue to deliver despite all the concerns about cost of living etc. If they can trade through a tough spell and stay on track for the year's forecast then the future has to look very bright when more "normal" times return. I'll continue topping up at these prices
Howden post another set of record results while others in the industry are closing factories
https://kbbfocus.com/news/2484-nobia-to-close-two-uk-factories-as-part-of-cost-reduction-programme
https://www.kbbreview.com/51946/news/howdens-unveils-20-million-factory-extension%ef%bf%bc/
If you're thinking about selling in a grey market.....
https://www.londonstockexchange.com/stock/DEV/dev-clever-holdings-plc/company-page
There will be a trading update early November following their busiest 8 week sale. I'm hearing that the branches are heaving with customers and I'm fully expecting double-digit growth over 2021 which will be an astonishing result. I'm adding more at this level!
Mashpash - either show proof of the letter or give it a rest.
Do you really expect anyone to believe that a legal department would issue a letter stating that bullying was acceptable?
Do you really expect anyone to believe that analysts missed such a significant piece of information but somehow an nonentity on a bulletin board is privy to it?
Do you really expect anyone to look at record sales and record profits as "continued poor and bad management"?
It appears that you have an agenda here - either a jealous competitor or a disgraced ex-employee?
"His legal team send out a letter saying all forms of bullying are acceptable in busy times." I've read some nonsense on here but this really takes the biscuit. Of course, if you're privy to this information and would be willing to share then I'm sure you'll be happy to pop a link on so we can all see a copy of the letter.
If you can't then I think it's safe to say that you're a paid employee of a competitor and should be reported for the scandalous comments your making.