II Editor
17 May 2017
NEW ARTICLE: Trends and Targets for 18/05/2017 " HOWDEN JOINERY (LSE:HWDN) Every now and then, we get a bunch of emails asking about a share we tend ignore. Sometimes, this grouping of interest can suggest news is brewing, sometimes it suggests someone is talking rubbish in discussion ..."[link]
Rhigos
18 Apr 2017
HWDN biggest winner for me today Months ago I put an alert on ii if HWDN bid price greater than 453p. This morning triggered. Broker consensus on HWDN is just a hold. The Editors article posted on Thu well worth reading IMO and is more optermistic.I have just noticed mistake in my July post should have read:" SP has fallen 28.5% since referendum, as if UK is about to have a severe depression. I just do NOT believe that to be the case. At these prices they are at least a weak buy IMO. A SP move over the next 3 months of at least +10% I believe highly probable.", I had omitted the 'not'.In actual fact I was not optimistic enough as by 2 Sep SP had risen 36.5% sadly fell back down again. I think that is what made me set alert as felt I should have sold in September around 460p mark. Looking at impressive ROCE of 47.6% according to SharePad I would expect growth to return to HWDN.Think I will hold for a while longer as things seem to be getting better for HWDN.
II Editor
13 Apr 2017
NEW ARTICLE: Why Howdens is on this 'buy list' "Richard, I need to talk to you about LSE:HWDN:Howdens. I've wanted to buy shares in the company for years and I think I'm about to cave...Howdens? What about Judges Scientific? You left us on a bit of a cliff-hanger with that one*?Later. You know ..."[link]
Rhigos
04 Jul 2016
Oversold IMO SP has fallen 28.5% since referendum, as if UK is about to have a severe depression. I just do believe that to be the case. At these prices they are at least a weak buy IMO. A SP move over the next 3 months of at least +10% I believe highly probable.Before referendum fundamentals did suggest that SP was about 10% more than could be justified. I am glad I took some profits by selling some at 489.2p in Feb.
EyesonHawk2
20 May 2016
Coming together! It's coming together at Howden JoineryHowden Joinery (HWDN) has traded sideways for the past year and underperformed the FTSE All-Share index in 2016 so far. Last month's four-month trading update was well-received, confirming that business at the kitchen supplier is in line with expectations.Revenue rose 8.7% in the UK and 6.4% on a like-for-like basis, and chiefs are betting that market conditions are stable, "albeit we remain watchful". We'll know how much the £3 billion firm made when it publishes half-year results on 21 July.As well as an ongoing share buyback programme, Howden is chasing growth. It already runs 625 depots and plans to open another 30 in the UK this year. Earlier this year it increased its medium-term target from 700 to "up to 800" depots.A forward price/earnings (PE) ratio of just under 17 times is not cheap, but profit is tipped to grow at a fair lick if Numis Securities has got its sums right.And it's definitely a price chairman Richard Pennycook and non-executive directors Geoff Drabble and Andrew Cripps are prepared to pay.Pennycook has just taken over from Will Samuel, who stood down after a decade in the role, and celebrated getting the chairman's job by spending £250,000 on 54,663 shares at 483.9p.Both Drabble, in his current role for less than a year and still boss of equipment rental firm Ashtead, and Cripps bought 3,000 shares. They paid 488.4p and 483.7p, respectively.Even a massive sale by Matthew Ingle, the man who started Howdens as part of the old MFI back in 2005, has not dented enthusiasm. We hear Friday morning that the chief executive offloaded 1.4 million shares yesterday at an average of 486.62p, trousering a cool £6.8 million.But the share price is up a few pennies in a rising market, and clearly there is no reason for alarm bells to start ringing. Ingle has been a fairly predictable seller of Howden shares and last summer pocketed over £6 million from the sale of stock at 492p.SEE:[link]
EyesonHawk2
29 Apr 2016
Re: Trading update [link]
Rhigos
28 Apr 2016
Trading update [link] CSS: "Howden Joinery Group said its performance in 2016 to date has been in line with expectations, after seeing good progress on the implementation of a price increase. The company said revenue from its UK operations in the sixteen weeks to April 16 was up 8.7% on the corresponding period a year earlier, which, on a same depot basis, represented a 6.4% increase."SP has recovered 9% from its closing low on 15 Apr of 445.9
Rhigos
18 Feb 2016
Re: Typo 4 not 7 Lost upward SP momentu... "Yes rising nicely Rhigos!"Usually the way when I sell some shares :-/Several big FTSE 100 companies ex-div today such as GSK (ord + special div total 43p) so FTSE 100 doing well considering this. Some fund managers have suggested we are passed market low. A lot depending on oil price not sliding down any more.
EyesonHawk2
18 Feb 2016
Re: Typo 4 not 7 Lost upward SP momentu... Yes rising nicely Rhigos!
Rhigos
18 Feb 2016
Re: Typo 4 not 7 Lost upward SP momentum Sorry fat finger typo, hit key above 4 on number pad, meant 489p.Glad SP continuing to rise for my remaining 73% of HWDN
EyesonHawk2
17 Feb 2016
Re: Lost upward SP momentum HWDN sp. Missed that spike to 789p.....when was that???
EyesonHawk2
17 Feb 2016
Re: Lost upward SP momentum HWDN sp. Missed the spike to 789p.....when was that???
Rhigos
17 Feb 2016
Re: Lost upward SP momentum Decided to reduce my holding by selling around 27% of my HWDN shares at just over 789p. Feel more comfortable being a bit over weight HWDN instead of appreciably overweight. Made about 16% on average gross share cost but 6% loss based on last purchase.
Rhigos
15 Feb 2016
Re: Lost upward SP momentum Last week my limit order first at 485 then dropped to 475 not met and Charles Stanley Direct expire limit orders at market close. Did not renew and am now pleased as SP +4.4% this morning back to around 480. Think I will hold on a bit longer but feel I should have a target price, perhaps 525p.
II Editor
10 Feb 2016
NEW ARTICLE: 12 ideal trusts for long-term regular savers "For those without generous maiden aunts or lottery wins, "little and often" remains the best way to build up a savings pot.Investment trusts can claim some pedigree as regular savings vehicles: their low costs, stable management and strong ..."[link]
