EyesonHawk2
06 Feb 2016
Re: Lost upward SP momentum Tend to agree somewhat but for myself as a long termer I'm content to ride the current oerfect storm!.....back to being happy in my old age!
Rhigos
05 Feb 2016
Lost upward SP momentum Since end of June SP been going mostly down or sideways apart from a brief peak at start of Dec. I had set a tight stop-loss of -7.5% on high since purchased (531p so stop 491p) based on moderate volatility of SP. This has been breached so think it may be time to take profits. House Builder's shares have in general not been performing so well lately so I suppose common cause. Not really sure why as builders reporting good demand and rising profits. Maybe tightening money supply.
EyesonHawk2
03 Dec 2015
What's Propelling HWDN? This from financialmagazin.com:What’s Propelling Howden Joinery Group Plc to Reach All-Time High?The stock of Howden Joinery Group Plc (LON:HWDN) reached all time high today, Dec, 3 and still has GBX 648.59 target or 22.00% above today’s GBX 531.63 share price. This indicates more upside for the GBX 3.45 billion company. This technical setup was reported by Barchart.com. If the GBX 648.59 PT is reached, the company will be worth GBX 759.00 million more.Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.88% or GBX 4.63 on December 2, hitting GBX 531.63. About 1.50M shares traded hands. Howden Joinery Group Plc (LON:HWDN) has risen 14.14% since May 6, 2015 and is uptrending. It has outperformed by 14.34% the S&P500.Out of 13 analysts covering Howden Joinery (LON:HWDN), 11 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 85% are positive. GBX 600 is the highest target while GBX 500 is the lowest. The GBX 552 average target is 3.83% above today’s (GBX 531.63) stock price. Howden Joinery was the topic in 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. UBS maintained the stock on November 24 with “Buy” rating.SEE:[link]
oldjoe1
06 Nov 2015
HWDN, Broker Update........ <b>Howden Joinery Group Plc’s “Buy” Rating Reaffirmed at Panmure Gordon (HWDN)November 6th, 2015 -</b>Panmure Gordon reissued their buy rating on shares of Howden Joinery Group Plc (LON:HWDN) in a research report released on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 570 ($8.79) price objective on the stock.Several other research firms have also recently commented on HWDN. N+1 Singer reaffirmed a hold rating and issued a GBX 500 ($7.71) price objective on shares of Howden Joinery Group Plc in a research note on Friday, July 17th. Goodbody Stockbrokers Ltd reissued a buy rating and issued a GBX 575 ($8.87) target price on shares of Howden Joinery Group Plc in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Howden Joinery Group Plc from GBX 520 ($8.02) to GBX 560 ($8.64) and gave the stock an overweight rating in a report on Thursday, July 23rd. Beaufort Securities reiterated a buy rating on shares of Howden Joinery Group Plc in a research note on Wednesday, July 8th. Finally, Liberum Capital reissued a buy rating and issued a GBX 540 ($8.33) price target on shares of Howden Joinery Group Plc in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Howden Joinery Group Plc has a consensus rating of Buy and a consensus price target of GBX 537.27 ($8.29). Howden Joinery Group Plc (LON:HWDN) opened at 491.30 on Thursday. Howden Joinery Group Plc has a 52 week low of GBX 362.80 and a 52 week high of GBX 532.00. The company’s 50 day moving average is GBX 471.71 and its 200 day moving average is GBX 489.75.Howden Joinery Group Plc is engaged in the fabrication, distribution and sourcing to commerce customers of kitchens and joinery. The Business offers products, like flooring, worktops and breakfast bars, cabinets, kitchen frontals and painted skirting boards. The Organization manages approximately 589 depots, which are around 10,000 square feet in size, in industrial locations. The Company sold approximately 3.8 million cabinets, 2.3 million joinery doors, over 2 million square feet of flooring, 870,000 worktops and breakfast bars. The Business has operations in Belgium, France and Uk
oldjoe1
06 Nov 2015
HWDN, UPGRADE............................. HWDN Howden Joinery<b>UPGRADE..Howden Joinery Group Plc PT Raised to GBX 570 (HWDN)November 6th, 2015.</b>Howden Joinery Group Plc (LON:HWDN) had its target price raised by analysts at JPMorgan Chase & Co. from GBX 560 ($8.64) to GBX 570 ($8.79) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 16.02% from the stock’s current price.Howden Joinery Group Plc (LON:HWDN) opened at 491.30 on Thursday. The firm’s 50-day moving average price is GBX 471.71 and its 200-day moving average price is GBX 489.75. Howden Joinery Group Plc has a 12 month low of GBX 362.80 and a 12 month high of GBX 532.00. Other equities analysts have also recently issued reports about the company. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 515 ($7.95) price target on shares of Howden Joinery Group Plc in a report on Friday, July 24th. Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Howden Joinery Group Plc in a research report on Friday, October 30th. Beaufort Securities restated a “buy” rating on shares of Howden Joinery Group Plc in a research report on Wednesday, July 8th. Panmure Gordon lifted their target price on Howden Joinery Group Plc from GBX 490 ($7.56) to GBX 570 ($8.79) and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Berenberg Bank lifted their price target on Howden Joinery Group Plc from GBX 530 ($8.18) to GBX 570 ($8.79) and gave the company a “buy” rating in a research note on Friday, August 21st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Howden Joinery Group Plc has a consensus rating of “Buy” and a consensus price target of GBX 537.27 ($8.29).Howden Joinery Group Plc is engaged in the production, distribution and sourcing of kitchens and joinery to trade customers. The Business offers products, including kitchen frontals, worktops, flooring and breakfast bars, cabinets and painted skirting boards. The Organization manages approximately 589 depots, which are around 10,000 square feet in size, in industrial locations. The Business sold about 3.8 million cabinets, 2.3 million joinery doors, over 2 million square feet of flooring, 870,000 worktops and breakfast bars. The Organization has operationsin Belgium, France and Great Britain.
oldjoe1
06 Nov 2015
HWDN..BUY and Plenty More To Come....... HWDN Howden JoineryExcellent trading update yesterday, plenty of people buying new kitchens etc etc. [link] Comment</u><b><i>Howden Joinery managed to skirt the troubles seen elsewhere in the sector since summer and October trading was "outstanding", so the shares have scope to recover after the battering they took on the heels of Travis Perkins' warning last month, N+1 Singer told clients."Performance in H2, including the key October trading period, has been outstanding at +10% LFL particularly once positive gross margins are also factored in," N+1 Singer said.Thursday's 10% like-for-like sales figures from the company imply a two-year growth rate of about 22% and represent a substantial market outperformance, the analysts said.Furthermore, the manufacturer and supplier of fitted kitchens, appliances and joinery products should continue to avoid the deterioration in business seen by some companies in the sector "even if housing activity softens slightly given the tenuous link there vs consumer confidence and replacement cycles (still recovering)".The impact of the Living Wage should also be immaterial given Howden's bonus/salary structures.After Travis Perkins's warning, shares in Howden Joinery fell back to a price-to-earnings multiple of 16.6 versus the 20 seen at the June peak, N+1 Singer pointed out."The Free-cash-flow yield is 5% (or 6% ex deficit injections). We have edged our target price up 2% to 510p, so with >13% total shareholder return we upgrade to 'Buy' from 'Hold'."</b></i>
EyesonHawk2
06 Nov 2015
HWDN Hold - Beaufort Securities Howden Joinery Group (LON:HWDN) – HoldHowden yesterday reported a good sales performance to date in the second half of 2015, including during the important October trading period. In light of this, the Board stated it remains well positioned to achieve market expectations for the full year. It noted, however, that the two remaining trading months still have to be completed and together typically account for over 10% of annual revenues. Howden Joinery UK depots’ total revenue in the second half of the year to 31 October increased by 12.8% and this was achieved in the face of toughening comparators that have been seen since June. As a result, in the first 44 weeks of 2015 total revenue was up 12.0%, rising 9.3% on a same depot basis. Gross margin performance also remains in line with expectations. The Board went on to remind investors that, as part of the £70m share buyback programme announced on 25 February 2015, the Group has acquired 6.4m shares. This takes the total acquired this year to 7.2m, for which the consideration was £35m.Our view: Howden is lumped within the wider basket of UK building and residential services/distribution groups, such as Travis Perkins, Wolseley, SIG, Grafton etc. Activity levels at Tool and Equipment Hire businesses, like HSS Hire, also provide a good lead indicator for the sector. Indeed, it was HSS that provided the first warning of a surprisingly sharp and unexpected sector slowdown back in July; this was latterly followed by a rash of ‘shock-horror’ tales from a number of Howden’s peers. The net result has been a widespread sector correction which, more recently, has even spread to the mainstream UK house builders. Yet, surely times can have rarely been better for UK building materials suppliers and equipment hire groups? The public, as ever, love nothing more that adding value to their properties while prices spiral ever upwards. Surely RMI activity should be booming against a background of more relaxed planning legislation and low interest rates/energy costs, while demand-side subsidies also power new UK housebuilding as the Government aspires to lift starts as far as 250,000/year in an effort to quell growing public disquiet over the lack of affordable housing? So what could have gone wrong? One obvious tremor was felt ahead of May’s general election, when polls confidently predicted a Labour party majority; another resulted from legal change that contrived to concentrate contractor vacations during the traditionally busy August-early September period. So It is quite possible that these together resulted in the unexpected activity hiccup; it is also true that a warm and relatively dry Q4’15 could subsequently result in momentum picking up quite sharply once again. Assuming Boards across the sector seek to update shareholders of such an outcome in pre-close statements just ahead of Christmas, it would be reasonable to anticipate share prices rebounding. In the meantime, of course, they may simply tread water for the next six or seven weeks. So what about Howden itself? The shares have sharply outperformed the FTSE250 over the past year and yesterday’s relief bounce repaired much of the recent damage. Trading on 20x earning for this year and 18.2x for next while coming with only a modest yield, suggests almost everything is now in the share price. Beaufort accordingly takes its recommendation down from Buy to Hold while awaiting reassurance about activity levels during the important Nov-Dec period.SEE:[link]
EyesonHawk2
05 Nov 2015
On Track Howden Joinery On Track For Year After Strong Second Half So FarLONDON (Alliance News) - Kitchens and joinery products manufacturer Howden Joinery Group PLC on Thursday said trading has remained strong so far in the second half of 2015 and is remains confident on hitting its expectations for the full year.FTSE 250-listed Howden said its UK depots total revenue for the four months to the end of October rose 13% against tough year-before comparatives. For the first ten months of 2015, UK depot revenue rose 12% and is up 9.3% on a like-for-like basis.Gross margins have also been in line with the company's expectations.Howden shares were up 4.6% to 480.1 pence on Thursday morning, one of the best performers in the FTSE 250.SEE:[link]
malj1
23 Oct 2015
Re: Ex Dividend If you're interested take a look at the last DFS analyst presentation on their web site showing what drives purchases of furniture - I doubt kitchens are that far apart.
EyesonHawk2
22 Oct 2015
Re: Ex Dividend In the red, Travis Perkins was the worst blue-chip performer, down 6.0%, after it said its 2015 earnings are set to come in at the low end of market expectations due to continued challenges in its key markets in the third quarterThe builders' merchant and home improvement retailer said that despite planning for a reduction in repair, maintenance and improvement markets over the summer months, the actual slowdown in the market was worse than had originally been expected.Despite continuing to outperform a weak UK market, the tougher-than-expected conditions mean the group now anticipates its full-year 2015 earnings before interest and taxation will be at the low end of market expectations.Fellow building-products company SIG ended as the biggest decliner in the FTSE 250, down 21%. It said its sales performance had diverged in the first nine months between its UK and European operations and said continued weakness in the latter, plus some softness in the UK repair, maintenance and improvement market, mean it now expects its underlying pretax profit to fall year-on-year.SIG said it now expects its underlying pretax profit for the year to the end of December to be GBP85 million to GBP90 million, compared to GBP98.1 million in 2014. The underlying figures strip out any exceptional items and the effects of acquisitions and disposals.Other building materials companies were hit by the comments by their two peers. Kingfisher ended down 3.7%, Wolseley down 2.3%, Grafton Group down 4.2%, and Howden Joinery Group down 5.5%. SEE:[link]
EyesonHawk2
22 Oct 2015
Re: Ex Dividend malj1...well covered and your view appreciated!
malj1
22 Oct 2015
Re: Ex Dividend Most likely down due to the TPK IMS today, indicating weak housing RMI performance.Osborne/Carney flat lined the housing market mid 2014 onwards in terms of asp & transactions to neutralise house price inflation by the time of the election. Since then transactions & asp are starting to rise, so RMI activity will follow suit on a lagged basis.For HJ the key question is whether you believe buying a new kitchen is functional RMI or (in the era of the GBBO & general food porn) is a consumer (aspiration) franchise. I suspect predominantly the latter (which is certainly the case in furniture). If so, then HJ will operationally be doing extremely well & accelerating away. We shall know soon enough.
EyesonHawk2
22 Oct 2015
Ex Dividend Ex Div knocked off a fair chunk today and a bit more than expected!
malj1
05 Aug 2015
Re: Buy+Buy+Buy!! HJ now seem to have triggered their share buyback, following the dip in price, & have another ca £65m leeway out of the total pot of ca £70m.
EyesonHawk2
05 Aug 2015
Buy+Buy+Buy!! Weekly Analysts’ Ratings Updates for Howden Joinery Group Plc (HWDN)A number of research firms have changed their ratings and price targets for Howden Joinery Group Plc (LON: HWDN):7/29/2015 – Howden Joinery Group Plc had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 560 ($8.75) price target on the stock.7/24/2015 – Howden Joinery Group Plc had its “buy” rating reaffirmed by analysts at Beaufort Securities.7/24/2015 – Howden Joinery Group Plc had its “add” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 515 ($8.04) price target on the stock.7/24/2015 – Howden Joinery Group Plc had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a GBX 600 ($9.37) price target on the stock.7/23/2015 – Howden Joinery Group Plc had its “hold” rating reaffirmed by analysts at N+1 Singer. They now have a GBX 500 ($7.81) price target on the stock.7/23/2015 – Howden Joinery Group Plc had its price target raised by analysts at Panmure Gordon from GBX 490 ($7.65) to GBX 570 ($8.90). They now have a “buy” rating on the stock.7/23/2015 – Howden Joinery Group Plc had its price target raised by analysts at JPMorgan Chase & Co. from GBX 520 ($8.12) to GBX 560 ($8.75). They now have an “overweight” rating on the stock.7/22/2015 – Howden Joinery Group Plc had its “buy” rating reaffirmed by analysts at Goodbody Stockbrokers Ltd.7/17/2015 – Howden Joinery Group Plc had its “hold” rating reaffirmed by analysts at N+1 Singer. They now have a GBX 500 ($7.81) price target on the stock.7/16/2015 – Howden Joinery Group Plc had its “buy” rating reaffirmed by analysts at Goodbody Stockbrokers Ltd. They now have a GBX 575 ($8.98) price target on the stock.7/8/2015 – Howden Joinery Group Plc had its “buy” rating reaffirmed by analysts at Beaufort Securities.7/7/2015 – Howden Joinery Group Plc had its “buy” rating reaffirmed by analysts at Goodbody Stockbrokers Ltd.6/29/2015 – Howden Joinery Group Plc had its price target raised by analysts at Panmure Gordon from GBX 490 ($7.65) to GBX 570 ($8.90). They now have a “buy” rating on the stock.Shares of Howden Joinery Group Plc (LON:HWDN) traded down 1.2430% on Tuesday, reaching GBX 492.6000. 1,331,820 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 509.69 and its 200 day moving average price is GBX 473.87. Howden Joinery Group Plc has a one year low of GBX 309.00 and a one year high of GBX 532.00.The business also recently announced a dividend, which will be paid on Friday, November 20th. Stockholders of record on Thursday, October 22nd will be given a dividend of GBX 2.80 ($0.04) per share. This represents a dividend yield of 0.59%. The ex-dividend date is Thursday, October 22nd.In other news, insider Robson,Mark purchased 6,816 shares of the business’s stock in a transaction on Friday, July 17th. The stock was purchased at an average cost of GBX 520 ($8.12) per share, with a total value of £35,443.20 ($55,362.70).SEE:[link]
