Secondary Recommendation

Howden Joinery - Kitchen supplier likely to smash forecasts

December 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Old timers may recall that FTSE-250 listed Howden Joinery was originally the jewel in the crown of the now defunct furniture retailer MFI Group. Today Howden, which recently changed its name from Galiform, is in the rudest of health and has just informed the market that thanks to strong trading in the 4.5 months to 3 November, full year profit before tax will now be ahead of expectations. This follows a blowout set of interim results that previously led to broker upgrades and the general trend clearly suggests the company is on a roll. Howden was originally set up in 1996 as a division of MFI involved in the supply of kitchens and other joinery products such as doors, windows and staircases to local builders, served via a national ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Avocet Mining - Gold play focusing on big reservesâ€™ upgrades to drive shares highe

Cluff Gold - Raises Â£9.4m through placing

Howden Joinery - Potential beneficiary when RMI recovers (April 2024)

Howden Joinery (April 2022)

Howden Joinery (May 2021)

Howden Joinery (January 2021)

Howden Joinery (September 2020)

Howden Joinery (May 2020)

Howden Joinery - Kitchen cabinet maker to benefit from surge in pent up investment (January 2020)

Howden Joinery - Weaker outlook provides excuse to bank profits (April 2016)

Howden Joinery - 12.8% surge in underlying sales (January 2016)

Howden Joinery - Accelerating investment pegs back shares (September 2015)

Howden Joinery - Shares prosper after favourable General Election result (July 2015)

Howden Joinery (April 2015)

Howden Joinery - Kitchen cabinets supplier enjoying rapid eps growth (February 2015)

Howden Joinery - Kitchen supplier enjoys third broker upgrade in 8 months (September 2014)

Howden Joinery - 8.5% growth in like-for-like sales (June 2014)

Howden Joinery - H2 revenues rise 10% (April 2014)

Howden Joinery - Housing boom lifts demand for kitchens (January 2014)

Howden Joinery - UK depot sales up 5.5% (September 2013)

Howden Joinery - Gain to date: 74% (April 2013)

Howden Joinery - Low cost, high returns model for supplier of kitchens to local builders (August 2012)

Howden Joinery - Sales still growing well (June 2011)

Howden Joinery - Introduce stop-loss of 105p (May 2011)

Howden Joinery - Current trading still strong (April 2011)

Howden Joinery - Kitchen supplier triggers third upgrade in seven months (February 2011)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X