Member Info for Madtom

Great to see over 30p being paid.

It would be nice if we hold over this and make this the new base price for further push into the mid 30’s. 🤞

One thing I am certain of is that the positive news output will continue throughout the rest of the year as market share continues to grow. DYOR

Likewise Group plc

("Likewise", or the "Company")

AGM Statement

Increased Capacity and Volumes, Creating Operational Gearing

Likewise Group plc (AIM:LIKE), the fast-growing UK floor coverings distributor, is holding its Annual General Meeting ("AGM") later this morning and is pleased to announce further substantial progress as they approach the end of H1 26.

Year to date Total Group Revenue to 16 June has increased by 17.0% on a like for like basis, with June month to date 20.8% ahead.

All of the projects previously reported in Glasgow, Leeds, Derby, Newport and East Midlands are on schedule to provide significantly more operational capacity for H2 26 and FY27.

The Board will meet later today with key topics being further investment to capitalise on the many opportunities before the Group's businesses across the UK.

As previously announced, the Group has had a very positive start to the financial year, with Revenue growth outperforming original internal expectations. Given the widespread Global tension and uncertainty, H2 26 is very difficult to predict, but the Board remains confident in achieving market expectations for FY26.

The Group is in a particularly exciting phase of development in its short history. The Board is creating a clear strategy for the next 5 years to continue to expand whilst also focused on improved operating margins.

The Board thanks our Management, Employees and all Stakeholders for their continued enthusiasm, contribution and commitment.

The voting results from the AGM will be announced later today.

Not scared, I just wouldn’t let it influence me 😁

D.Y.O.R

SP floor level is anyone’s guess with this one.

So much negativity with this company from within the industry that it’s tough to see when the turnaround may happen.

Not in the short or medium term that’s for sure.

When the SP does bottom out, I can’t see a bounce of any significance.

IMHO !!

I don’t understand that chart business.

I just look at the fundamentals and a bit of trade knowledge.

I don’t understand the support in a company with such immense debt.Unless of course it’s a ‘pump and dump’ opportunity?

Good luck if gambling with this one … D.Y.O.R

With the ‘exponential’ gains from rival companies LIKE will be getting stronger and stronger for the far foreseeable future.

Exciting times to be a shareholder.

Solid foundations to be built on.

DYOR

Getting Far Worse !!

* 1 more property disposed

* 2 more about to be disposed of

* Coleshill to be sold and leased back

* 21% down - year on year (4 months)

* Nett debt over £40 million

(Down a further £8m this year so far)

No surprises, but looking further doomed in my opinion.

DYOR

('Headlam', the 'Company', the 'Group')

Trading Update

Headlam (LSE: HEAD), the UK's leading floor coverings distributor, provides the following trading update for the four months ended 30 April 2026 (the "Period").

Trading and transformation plan progress

As previously anticipated, the Group has continued to experience challenging trading throughout the Period and revenue for the Group's continuing operations was 21% lower Year on Year. This decline in overall market share is in part a reflection of the planned reduction in certain sales activity as the business implements its new core customer strategy to refocus on independent retailers and flooring contractors, coupled with the continuation of difficult end market conditions. As a result, the Group continues to incur significant underlying operating losses.

Under the leadership of the new management team who have now been in place for eight weeks, certain operational improvements have already been implemented. In addition, the Group has put through a price increase in May and targeted surcharges reflecting recent higher raw material input prices, which are being passed onto customers. The company will continue to monitor any further impact from macroeconomic and geopolitical issues and act accordingly. The team remains focused on delivering further significant operational and commercial improvements and will report on progress in more detail with our interim report.

Balance sheet

As referenced in the Company's full year results announcement in March, we are pleased to report the very recent disposal¹ of one of the three surplus properties highlighted, with further disposals of the remaining two properties due to complete imminently. Together these will result in c. £15.3m of net disposal proceeds which will be used to invest in working capital and improve liquidity. Following these disposals, the Group is also evaluating the potential sale and leaseback of our Coleshill property, which would provide significant additional liquidity. These property transactions form part of a wider range of options being considered to strengthen the balance sheet during 2026.

The Group's net debt at the end of the Period was £(40.3)m compared to £(31.4)m at the 2025 year-end, reflecting the impact of ongoing operating losses and one-off transformation costs, offset in part by lower working capital in the Period.

Board composition

At the AGM today, two new Non-Executive Directors join the Board, Nick Kelsall and Wilf Walsh. Both have considerable experience, building upon that of the new Chief Executive and interim Chief Financial Officer who joined in March 2026.

As such, the Board, having engaged widely with shareholders, continues to believe it has the right skills and experience to provide leadership and stability for the Group. The Board recommendation remains to reject the resolutions contained with the Requisition Notice to be voted on 2 June.

That’s some back down by the current board following their recent statement rejecting the requisition.

There has been some pretty big buys since then but no RNS to confirm significant increase in shareholding by any particular investor.

Headlam Group plc

('Headlam', the 'Company', the 'Group')

Notice of General Meeting

A notice of general meeting (the "Notice") is being posted to shareholders today. The Notice convenes a general meeting of the Company (the "General Meeting") requested by First Seagull AS ("FS") to consider resolutions to remove three current directors from the board of directors of the Company (the "Board") and to appoint two new directors including the Managing Director of FS.

The General Meeting will be held at our head office at Gorsey Lane, Coleshill, Birmingham B46 1JU at 11.00 am (London time) on 2 June 2026. A copy of the Notice will shortly be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Notice is also available on the Company's website at www.headlam.com

Some big buys today, well in excess of £500k in collective big buys.

Can’t wait to see how much of these buys are FS.

Big games going on in the back ground, that’s for sure !!

Very interesting game being played here.

Will be very intriguing to see how it pans out at this months AGM.

Yes, confirmed !!

First Seagull increased holding from 10.06% to 11.08%.

Things could be getting interesting here.

I guess it depends on whose side Dr Steeves is on as he’s invested to over 3% yesterday 🧐

15.2% up over same period last year is a tremendous result when compared to it’s piers in the market.

Further significant investment into real estate/infrastructure to enhance capacity throughout the organisation can only continue this upwards curve.

Other’s are selling property to help balance the book’s whilst LW are building a very solid base for further growth.

Very happy to be invested here.

IMHO, DYOR !!

As expected these results provide more grim reading for the company.

Tough to see a turn around when you listen to the noise in the trade. Very little support or confidence from their target audience.

IMHO

The last 3 years final/full results have been between the 5th/13th March, so should be published any day now.

No chance that Mohawk would buy a loss making operation.

It’s not their style.

They are more likely to pay a premium for a profitable business.

IMO

Trade rumour’s around of certain suppliers either withdrawing or restructuring credit terms with the Headlam Group.

Expect lots of regular good selling ranges/products being discontinued or withdrawn from availability but still available through Likewise.

I think this story will get worse before it gets better.

Vcp : No chance in my opinion.

Another distributor maybe but not an operating manufacturer.

I don’t think anybody expects them to go under.

Maybe broken up with parts sold off … that wouldn’t surprise many in the industry.