Member Info for William123

I would love to buy at 10p! Everything going in the right direction in what are obviously challenging markets so looking good for the return to demand.

Consolidation in building companies, new government spend and interest rates look like catalysts. Brewer share sales were a small part of his holding and assurance not to sell more could be accepted on their own, Chairman's sale book ending the results looks like they are heading for the doors but I don't think so. Trouble is I think it is at least another 12 months of better news and results before anyone can make a judgement.

Are they deliberately trying to drive the price down?

Today large sale announced by chairman with no explanation! Not impressed

Estimates are for £140m. I hope for nearer to £150m revenue

Victoria share price collapse is more to do with stalling growth while holding massive amounts of debt. Victoria bonds will need replacing 2026 and obviously rates staying higher for longer is not going to help.

Fall today is due to Headlam profit warning

I would like to hear more about Headlam and Likewise on Likewise discussion board. If they are or have worked for them all the better. They are more likely to have information I couldn't find.

Sorry I don't understand you mentioned the company is doing well but the price isn't (must be Likewise)then you go on to imply you wouldn't invest in them yet you have flagged them as a weak buy?

I am as sure as I can be. Assets backing up the balance sheet is also helping sleeping at night while waiting. I think quite a few flooring retailers jumped into the shares at the beginning who knew the team but not so much the stock market and have grown impatient/fearful and pulled out. All I can say is I am great full to be buying at these levels and can't wait for that dividend to grow.

Perfectly reasonable question. A few things I would say.

Many don't like newly listed companies until they can see a good few years " clean listed results "

Few people will of heard of Likewise let alone know what makes them so good.

Headlam group which is the only comparison has performed awfully lately so people might think it's the trade not Headlam that is so bad.

Likewise has been growing aggressively to reach £200m turnover so reinvesting in growth instead of concentrating on paying out. I think Scotland division last comment allowed for expansion in warehouse of 90%.

I believe it is just a matter of time before market catches up and that is why this remains my largest holding.

It is worth taking a look at the Headlam Facebook Post yesterday. Likewise Group got more support on it than Headlam.

May 14th for next update.

Madtom I see Tony Judge did leave at the end of March resigning from both Delta and Valley 29th March. Any idea on reason?

Many shares have good news that isn't reflected in the price at the moment. That can been seen in upsurge of take over activity.

A few of us on here can see at first hand the ground work being done at Likewise and how they have so quickly taken a decent market position. The good news doesn't instantly translate to bottom line but it will.

Growth looks set to continue with 11 sales executives and debt is well under control. These figures don't make sense when you have a comparison like Headlam that had much lower P/E over the last few years. This on a rolling basis has now reversed.

Owners have a lot of skin in the game which tends to look at the longer term and not instant gratification with gimmicks again leading to the future.

Axminster and other higher end flooring will be distributed directly from the manufacturer. Wholesale takes the mass market trade also selling levelling compounds, vinyl, commercial safety flooring Lvt etc. This obviously needs scale to run daily deliveries. Hence if you loose volume drastically and still need to support that amount of infrastructure it could implode without drastically change.

Own brand will normally be bought at better prices because of scale and possibly exclusive. It will be protected to some degree as customer looking in shops find a sample they like will ask for comparison prices from other retailers for that particular product from Likewise Grp driving sales back to them.

Good update.

Notes on Research Tree are worth a read

My records only had Roy Povey at holding less than 1,000,000 shares so I don't think it is him.

March 5th Headlam full year results due for release.

Are these questionnaires just sent to retailers? It looks like they are really trying to grasp who their core customers are with very basic questions that they should already know inside out! These questions i would say are being asked because retailers are leaving in droves.

I think the Delta purchase has the same structure although a much smaller amount.

Following five successful years implementing the financial infrastructure, reporting procedures and supporting our successful listing on AIM, Roy Povey has chosen to step down from his role as Chief Financial Officer for personal reasons. Roy will continue to support the business until his proposed exit in Spring 2024. Roy will be replaced in the immediate term by a combination of internal promotions for Ben Ashforth to Head of Financial Accounting and Reporting with Ian Roberts and David Fullard who will be responsible for the Operational Finance team. The Board wishes Roy well for his future and thanks him for his significant contribution to the Group's development.

Cfo doesn't step down until next year. He would have to announce sale as present director surely.

More upbeat presentation than the last.

Xd today.