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Kitchens, nice shiny kitchens (HWDN)     

hangon - 11 Jan 2011 12:24

sp been rising 2010 and up 14% today on better than-expected results . . . the MMs must be expecting fools to rush in...yet Sells are massivly above Buys - will it end in tears, or are Dirs buying at these highs? All rather surprising as I'd expect Kitchen-sales are all done(when money was cheap up to 2008), and if you are trying to save money - you don't splash out on something you don't need.

I mean - howden does a kitchen "wear out"? - ho - ho!


Chart.aspx?Provider=EODIntra&Code=HWDN&S

skinny - 17 Apr 2013 14:04 - 21 of 112

Looking to test the highs again (triple top ?)

Trading Statement 2nd May.

Chart.aspx?Provider=EODIntra&Code=HWDN&S

skinny - 19 Apr 2013 11:41 - 22 of 112

Nice work if you can get it!

Notification of Transaction in Shares

dreamcatcher - 23 Apr 2013 18:12 - 23 of 112

Howden Joinery Group PLC (HWDN:LSE) set a new 52-week high during today's trading session when it reached 248.16. Over this period, the share price is up 107.63%.

dreamcatcher - 25 Apr 2013 18:06 - 24 of 112

Howden Joinery Group PLC (HWDN:LSE) set a new 52-week high during today's trading session when it reached 251.00. Over this period, the share price is up 101.79%.

skinny - 02 May 2013 07:03 - 25 of 112

Interim Management Statement

Howden Joinery Group Plc ('the Group') is today publishing its Interim Management Statement covering the year to date. Trading information is in relation to the first four periods of 2013 (to 20 April 2013).

The Board is pleased with performance so far this year, which has seen further solid trading in line with our expectations, whilst remaining cautious about the outlook for the rest of the year, given the prevailing economic environment.

Trading

In the first four periods (16 weeks) of 2013, Howden Joinery UK revenue was up 9.3% on the corresponding periods last year, increasing by 7.6% on a same depot basis. As previously, explained, sales in the first period of the year benefited from an additional week of trading. Excluding the first period, total revenue in the three periods since then increased by 4.1%, there being no distorting factors.

The gross profit margin performance is in line with market expectations for the full year 1.

Note 1: Currently, most analysts are believed to be expecting gross margin to be between 60.5% and 61.5%.

Business developments

We are currently planning to open around 20 to 30 new depots this year. With one new depot having been opened so far, Howden Joinery is now trading from 530 depots in the UK.

We are continually seeking opportunities to improve the performance of our business operations. To this end, we have reconfigured our transport operations to better reflect the geographical mix of our sales in the UK and improve service to our depots. This will result in an exceptional charge and cash cost in respect of continuing operations in the first half of 2013 of about £5m. These changes will deliver a number of important service and operational improvements.

There have been no material changes to the financial position of the Group in the period save as a result of the usual impact of the level of trading and those other matters disclosed herein.

Next scheduled announcement

The Group will release its 2013 Half Yearly Report on 25 July 2013.

skinny - 03 May 2013 07:43 - 26 of 112

JP Morgan Cazenove Overweight 245.70 245.70 211.00 251.00 Reiterates

skinny - 15 Jul 2013 14:20 - 27 of 112

Chart.aspx?Provider=EODIntra&Code=HWDN&S

cynic - 15 Jul 2013 16:03 - 28 of 112

i think i had a little dabble in/out around march/april, but certainly i bought back in at end april, since when they have been ticking away very nicely thank you :-)

skinny - 22 Jul 2013 16:12 - 29 of 112

L&G (From 4% to 3%)

Dil - 23 Jul 2013 01:07 - 30 of 112

Another one I sold too early , I'll get the hang of this one day.

skinny - 25 Jul 2013 07:11 - 31 of 112

Half Yearly report

· Howden Joinery UK depot revenue increased by 7.3% to £383.7m (up 5.5% on a same depot basis), rising by 4.3% if the first period of the year is excluded. Group revenue was £390.8m (2012: £364.6m);

· Gross profit margin was 61.5% (2012: 60.3%);

· Operating profit pre exceptional items rose to £45.1m (2012: £29.6m);

· Profit before tax and exceptional items increased to £43.2m (2012: £25.9m);

· Basic earnings per share pre exceptional items increased to 5.0p (2012: 3.2p);

· An exceptional operating cost of £4.5m was incurred, to reconfigure our transport operations (2012: nil) ;

· Net cash of £102.0m at 15 June 2013 (29 December 2012: £96.4m net cash, 9 June 2012: £37.4m net cash);

· Interim dividend of 1.0p per share declared (2012: 0.3p).

Business developments

· Investment in the future growth of the business continues:

- new products introduced across entire spectrum of offer;

- in line with our plans, eight new UK depots opened so far in 2013, bringing total to 537;

- two-year programme of investment in our two manufacturing sites completed;


· Further mitigation of legacy property liability, with termination of leases on four more legacy properties since the 2012 Preliminary Results and one lease expiring, bringing the total so far this year to seven and the total remaining to nine.

Current trading and outlook

· Depot sales in the first four weeks of the second half of 2013 have continued to show solid progress, with total sales up 7.6%.

· With our important 'period 11' still to come, anticipated cost increases and market conditions continuing to be uncertain, our expectations for the year are unchanged.

skinny - 26 Jul 2013 10:31 - 32 of 112

Numis Add 290.25 288.50 265.00 325.00 Retains

skinny - 05 Sep 2013 07:46 - 33 of 112

N+1 Singer Buy 282.70 282.70 275.00 310.00 Upgrades

skinny - 09 Sep 2013 15:29 - 34 of 112

BlackRock < 10%

cynic - 09 Sep 2013 15:52 - 35 of 112

i see i took profits at 276 at the back end of july, but it remains a damn good company ..... meanwhile, i have been trying not to lose my shirt in this sector with HG+HC Index (NMX 3720)

cynic - 01 Oct 2013 15:42 - 36 of 112

chart is looking very interesting with sp once again challenging all time high

Chart.aspx?Provider=EODIntra&Code=HWDN&S

skinny - 14 Oct 2013 11:47 - 37 of 112

Chart.aspx?Provider=EODIntra&Code=HWDN&S

Ex dividend 23rd October -1.0p.

skinny - 06 Nov 2013 07:14 - 38 of 112

Interim Management Statement

Howden Joinery Group Plc ('the Group') is today publishing its Interim Management Statement covering the period from the end of the first half of the year (9 June 2013) to date.

The Board is pleased to report that the Group has seen a strong sales performance throughout the second half of the year, including during the important October trading period (period 11).

As a result of this, we now expect profit before tax for the year to be around the upper end of the range of market expectations Note 1. However, it should be noted that the two remaining trading periods together typically account for over 10% of annual revenues.

Trading

Howden Joinery UK depots' total revenue in the second half of the year to 2 November (periods 7 to 11) increased by 10.7%, with performance continuing to be stronger than that seen in the first half of the year. As a result, in the first 11 periods (44 weeks) of 2013, ending 2 November, total revenue was up 9.3%, rising 7.1% on a same depot basis (excluding the first period of the year, when there was an additional trading week, total revenue increased by 7.9%).

Gross margin performance has been in line with expectations.

Business developments

Since we released our 2013 Half Yearly Report in July, we have opened seven new depots, resulting in fifteen new depots in the UK so far this year and bringing the total to 544. We are on course to open 30 new depots as expected in the whole of 2013.

There have been no other material changes to the financial position of the Group in the period save as a result of the usual impact of the level of trading and those other matters disclosed above.

Note 1: The range of analyst expectations for profit before tax and exceptional items from continuing operations for 2013 is believed to be £122m to £134m.

Next scheduled announcement

The Group will release its 2013 Preliminary Results on 27 February 2014.

goldfinger - 06 Nov 2013 08:43 - 39 of 112

HWDN 06 Nov 2013 Howden Joinery HWDN N+1 Singer Buy 325.70 320.50 355.00 355.00 Reiterates 355p SP Target.

goldfinger - 06 Nov 2013 09:22 - 40 of 112

06 Nov 2013 Howden Joinery HWDN Numis Add 325.70 320.50 325.00 370.00 Retains

SP TARGET 370p
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