Its consistently delivered for so long that trading updates are always a tense affair but why worry, JHD always delivers!

Note on www.investorschampion.com

Superb results today - who would believe that a commercial flooring company with no debt could deliver another year of record sales/profits and now 34 consecutive years of dividend growth. The compounding effect of that is fantastic. One that Buffet missed!

Market Cap of 365m & forecast div yield of 4.2%. Not well covered by brokers so not much comment from them on this one. Goes ex-div 3rd Nov '10, 18.75p. Nice graph, slow but steady!

Record interims again today. Still delivering.

Yes - excellent figures, excellent chart - its just a shame that MAM chart doesn't take account of the split.

Chairman, Mr Geoffrey Halstead, commenting said: "Our success continues with export performance surpassing even prior achievements".

I missed this yesterday.

3 October 2011

JAMES HALSTEAD PLC

PRELIMINARY ANNOUNCEMENT OF AUDITED RESULTS

FOR THE YEAR ENDED 30 JUNE 2011

Key Figures


-- Record revenue increased to GBP213.9 million (2010: GBP186.4
million) - up 14.8%
-- Record operating profit increased to GBP38.3 million (2010:
GBP35.9 million) - up 6.9%
-- Record earnings per 5p ordinary share of 26.4p (2010: 24.8p)
- up 6.5%
-- Record final dividend per ordinary share proposed of 9.8p
(2010: 9.375p) - up 4.5%
-- Strong cash inflow from operations of GBP32.9 million (2010:
GBP36.5 million)
-- Nil net gearing

A bit of retracement after hitting a high of 550 on Friday.

Commercial flooring manufacturer James Halstead (JHD) said at the end of July it is expecting another record set of results in October. The shares have risen almost 50% this year on the prospect of profits reaching £42.4 million against £38.5 million last time. Two thirds of Halstead's sales are overseas which helped it grow during the recession. The dividend record is impressive.

Last year, for the 35th consecutive year, the dividend was raised from 13.375p to 14.3p and this year another increase is in prospect after an 11% rise to 5p at the half-year stage. Given the gloomy global background, the sales growth Halstead achieved at the half year in some of its markets was remarkable - 25% up in France and Scandinavia - and even the UK managed record sales. Analysts expect further growth this year and profits of £44.6 million have been projected. The dividend, expected to be 15.7p for the year just ended, could reach 16.8p in the current year.

Flooring firm James Halstead is set to announce its final results at the end of September. The company has breezed through the past five difficult years, growing its earnings and dividend at a rate of knots.

In a pre-close statement, issued in July, Halstead said it was confident it would deliver another year of record sales and profits in line with market expectations. Perhaps not surprisingly, for an industrial-sector firm that has been walking on air while many others have been trudging through mud, Halstead's shares are highly rated. At the current price of 605p, the P/E is around 21. Even allowing for a £37m cash pile, the cash-adjusted P/E is barely less than 20.

Halstead is an AIM-listed company, but one of the top members of the index with a market cap of £625m, which is bigger than FTSE 250 firm AG Barr. AIM companies have certain advantages for inheritance tax and I suspect Halstead's size and splendid trading record make it a popular holding for individual high net worth investors and firms that specialise in share portfolios for inheritance tax planning. I believe this 'technical' factor is an additional support to the high rating

A buy recommendation in IC this week - commercial floor manufacturer and distributor JH expects to deliver another record performance for the full year and it remains one of our tips of the year (445p , 5 january 2012) Buy

About as impressive as they come I would say :)

That said, I will wait until the results before considering entering here at this late stage. Any hint of hesitancy in outlook would crucify the share price although that seems unlikely given the recent company update. Such a performance during a recession is almost "Apple-like".

up 5% today

v nice

James Halstead is a specialist floor coverings business. The company supplies the floor materials required by hospitals, schools, factories, etc. Halstead Group's Polyflor division is supplier to some outstanding sites and venues around the world. For example, Polyflor can be found in the Melbourne Cricket Ground and staff areas of the world's largest cruise liner, Princess of the Seas.

James Halstead, by one measure at least, is the most successful AIM-listed company of all. For the last 35 years, shareholders in James Halstead have been receiving larger dividends year-in, year-out. This record surpasses even the blue-chip members of the FTSE100 (UKX).

Looking forward, James Halstead is expected to deliver another two years of solid eps and dividend growth. Earnings per share is forecast to increase 10.7% for 2012, to be followed by 6.9% the year after. The dividend is expected to rise similarly, increasing 9.8% for 2012 and 7.0% for 2013

Good looking outfit this C/C, but it's an Aim stock which I'm very wary of these days unfortunately for me.

As has been said by others, I am guessing this stock is on AIM purely for the tax breaks available to the large shareholders. In every other respect, it's as safe as a main LSE listing in a portfolio (IMO).

I have no position myself.

And hardly new kids on the block!

From above :-

James Halstead, by one measure at least, is the most successful AIM-listed company of all. For the last 35 years, shareholders in James Halstead have been receiving larger dividends year-in, year-out. This record surpasses even the blue-chip members of the FTSE100 (UKX).

Preliminary Audited Results
RNS
RNS Number : 5220N
James Halstead PLC
01 October 2012







1 October 2012



JAMES HALSTEAD PLC
PRELIMINARY ANNOUNCEMENT OF AUDITED RESULTS
FOR THE YEAR ENDED 30 JUNE 2012
"Another series of records"



Key Figures


·
Revenue increased to £226.3 million (2011: £213.9 million) - up 5.8%

·
Operating profit increased to £42.2 million (2011: £38.3 million) - up 10.2%

·
Earnings per 5p ordinary share of 29.5p (2011: 26.4p) - up 11.7%

·
Final dividend per ordinary share proposed of 11.0p (2011: 9.8p) - up 12.2%

·
Strong cash inflow from operations of £37.3 million (2011: £32.9 million)

·
Nil net gearing

·
One for one capitalisation issue to be proposed




Mr Mark Halstead, Chief Executive, commenting on the results, said:



"In a year when London was host to many new records I am pleased to report, yet again, record turnover and record profit; and I shall never tire of saying record dividends."

Sold my holding, good run since start of Jan

another £1 a share, well done drinks on you soon.,.