We would love to hear your thoughts about our site and services, please take our survey here.
There is no doubt that Howdens is a well run business. It holding strong margins and growing turnover at a time when you see the high street retailers having a torrid time. The financial results are out at the end of this month and it will be interesting to see if the model has continued to grow, get the formal peak trading numbers and get an update on what the business decides to do with the cash it’s generating. When there is £200m+ sat in the bank us shareholders should expect an investment strategy for growth or diversification, or a further share buy back plan.
A dividend would be great, and with only 115m shares even allocating a penny per share is insurmountable IMO. Debt free and a regular cash flow. Question is would we rather see more cash being put back into further opportunities.
This was an announcement made to the staff in The locations being closed. I don’t believed it has been RNS’d, expect to see it in the results due at end of Feb IMO.
Pleased to see Howdens have decided to close the non profit making tests in mainland Europe whilst focusing on the UK and profit making depots in France. With plans to move into Ireland this is a clear focus on value for shareholders.
The market is probably cautious about this being the first major update since new CEO. Personally I think the Nov update will be more than just news of trading figures as it’s been long enough now since MI departed for an update on future strategy. With recent news of competitors to Howdens being flat any growth in revenue should be well received. Investors should also be asking what will happen with the 100’s of Millions in the bank. The share buy back uses only a fraction of this so let’s see what Howdens is intending to do with all that cash reserve that has been built.
Any negative news could affect the price yes, and if Mateus gate is true then it is stupid enough to make a story the press would latch onto. Personally I’m pleased MI is not at the helm as he was way to eccentric imo for a business aiming for the FTSE100. Personally I also think Mateus is awful.
It’s the first week of the peak trading period for Howdens. If Howdens has a poor period 11 it affects the annual profits significantly. Markets will most likely be nervous about this years potential figures. Last year there was a trading update at the start of November, expect the same again this year.
Exactly the sort of demonstration you would expect a company to under taking in the quest to demonstrate a potential market changing technology. Completed on its own terms with the relevant controls to enable further marketing. Having been holding for nearly 2 years I can say I’m looking forward to the second half of this year very much.
Helios for me has always been the potential game changer but the combination of the lower risk assets HNR has invested in have become significant enough on their own to substantiate a strong company. I’ve been in from the highs and lows and not sold a bean and won’t be for a long time yet.
If you consider what Highlands have achieved in the last 6 months if they cash has been mostly spent then so be it. The future value is so strong and remember there are only 116 million ish shares in issue. Like many PIs I’m in for the long haul with my 1%.
I would say less by chance and more a ‘well’ informed experienced group of motivated individuals. Long may it continue.
Is anyone willing to have a guesstimate at the NPV ? As someone else mentioned earlier I bought In on the Helios potential and have since been filled with confidence on the other projects in the portfolio. I have to keep checking to see if it’s still only 116m shares in issue. Oh and WD, what an opportunity.
Amazing news and great to see it go blue for a change. What an opportunity to demonstrate DTU further.
Thanks for that link. The VOX interview reinforces exactly why I’m invested here. The logic of low risk to fund higher risk and the progression of DT towards market take up really ticks all the boxes. RP comes over as professional as ever. HNR is far from a one trick pony !! Looking forward to the forthcoming updates.
i Have heard that HJ staff at branches have been talking about growth towards 2.0bn sales, currently at 1.4. With more depot openings planned and those to mature it’s not hard to understand how this could be achieved. I find it strange why there appear to be so few PI’s interested in this company especially when so many traditional uk retailers are fairing so poorly. Would be interested to hear others views on this.
I’m pleased to another great RNS and it reinforces the logical approach the company is taking to the deployment of DTU, as well as driving further opportunity as a supplier of the nitrogen, being able to offer the technology and the supply required will go a long way to making the technology irresistible to customers drilling in the area once further proving is completed. I’m invested because I have total confidence in the management team. I don’t often post even though i consider myself significantly invested here but the blatant de-ramping is getting annoying.
Another great set of results from Howdens. They really do what they say. Nice to see turnover jump into the 1.4bn territory. With share but back planned, £240m cash in the bank and more depot openings to go at what is not to like. After this weeks poor results from Travis Perkins this reinforces what is already known, the business model works. A new chairman now started so this year could be further pivotal to growth. Good work Howdens !
Anyone know why there’s a decent rise here today?