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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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James Halstead - PVC flooring firm achieves six-fold pretax profit growth since 1998

March 2022

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.

  • Epic Code:
  • JHD
  • Price:
  • 262p
PVC flooring group James Halstead is probably the best example of why owner manager “dynasties” make the best long-term investments. Adjusted for numerous bonus issues and splits, the shares have increased from just 10p in 1998 to a high last January of 314p. The founding Halstead family, who still own over a third of the shares, have presided over a four-fold rise in  sales and six-fold increase in pretax profit from £69.5m and £8.6m in 1998 to a forecast £272m and £52.3m, respectively, in the year to June 2022 and aside from seven special dividends the ordinary dividend has risen for over 45 straight years. The last time it was “only” held was during the economically turbulent mid 1970s under Labour Prime Minister Harold Wilson.H ...

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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

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