TX2
22 Jun 2017
Results....... Steady progress continues.Builders still seem to be be selling new builds, the main market I assume,possibly helped by Government incentives even if the resale market in some areas is apparently weaker.People continue to renovate.Price increases due to falling pound may affect product margins as people only have finite amounts of income,hopefully new depots & Lathams buying power should give us an edge over competitors.
lew mannheim
14 Aug 2016
AGM update this month AGM and news on recent trading is fixed for next week. Last update was quite positive but have heard nothing from the company since the referendum. Interested to see that for the first time ever the AGM is to be held in London rather than at HQ at Hemel Hempstead. Perhaps that indicates that there is now a stronger City following?Took a nasty dive a few weeks ago but has recovered a fair bit of lost ground and has also gone XD. Annual report comments that currency is hedged and there is not a lot of concern about the falling £.If the statement is reassuring and we can see some earnings progression this year then I can see the shares moving back to the old highs; balance sheet is rock solid with plenty of net cash and pension issues have largely been eliminated.One of the gems of the AIM market given the inheritance tax break and now big enough at well over £100m to feature on the radar of high net worth individuals considering estate planning.
pharmaspecialist
23 Jun 2016
Re: Results..... Yes, I also agree, I particularly like the inefficient balance sheet as this provides safety.
smilingmickey1
23 Jun 2016
Re: Results..... Couldn't agree with you more.Superb cash generation, with significant increase in Eps and divi.Historic PE ratio now below 14.Sm
TX2
23 Jun 2016
Results..... Excellent!
mcescher
28 Mar 2016
Solid dividend player with healthy balance sheet. At least that is the view on here [link]
pharmaspecialist
26 Nov 2015
Re: Half yearly figures Yes I quite agree lew, another set of solid figures. I like companies with strong track records and significant family ownership as they oftern have conservative strategies. Osborne's financial measures to boost housebuilding, announced yesterday, can only help the company. I have topped up today.
lew mannheim
26 Nov 2015
Half yearly figures Very good numbers from Latham this morning. Should make up to 55p in earnings for this year which has only a few months to run. Factoring in another 12-15% rise in earnings for next year, which is unambitious, and applying a sector rating implies a price well north of £8.
TX2
26 Aug 2015
AGM Statement Seemed to be a positive trading statement.An excellent business,but shares probably fully valued.Happy to be proved wrong as have held shares for many years & intend to retain them!
II Editor
14 Jul 2015
NEW ARTICLE: James Latham: Dull but worthy "The timber and panel importer may have penned one of the dullest preliminary results statements ever. That’s not a bad thing.Perhaps the most notable thing about James Latham’s full-year results is they were presented on the popular ..."[link]
lew mannheim
02 Jun 2015
Figures coming up this month Need to be excellent; stock has had a wonderful run recently!
lew mannheim
02 Apr 2015
Year end selling All recent news seems very promising; price action may just reflect some profit taking after what has been a good year for the stock.
TX2
01 Apr 2015
Trading Statement The fall in net pension liabilities announced in the statement to only £1.5m in the new pension revaluation is a big fall from previously & very welcome,and as indicated service costs should fall.
lew mannheim
10 Dec 2014
New interest Good to see some decent buying against a difficult market background this week. LTHM is now capitalised at £100m+ but is still chronically under-researched. Still, that provides the opportunity; a possible 50p of earnings for the year given the better trading mentioned last week and a very favourable outcome on the pension deficit still leave the stock IMHO cheap at x11 earnings. The peer group trades on noticeably higher multiples so a move up beyond £6 in an admittedly thin market would be no surprise.
TX2
27 Nov 2014
Re: Interim figures I think we are just about the only shareholders on iii!I was suprised & pleased to see the reduction in pension liabilities which has been a long running saga, millions seem to have been poured into it including a substantial part of the sale of the London property 10 years or so ago.Still I wish all my shares had performed as well over the years as Latham so should stop whinging.Excellent results.
