James Halstead (AIM:JHD), the commercial flooring manufacturer and distributor has been a favourite of AIM for IHT portfolios for many years, with the Halstead family, who have a material stake, no doubt having an eye on the IHT benefits as well.
James Halstead plc is a major international group of companies that manufacture many of the notable brands in commercial, contract and consumer flooring. The group has built a global reputation for the quality of its products, effective service and after sales support. Winning successive Queen’s Awards for Enterprise acknowledges James Halstead plc’s continuous attainment of competitive excellence.
The interim results statement for March 2017 commented how the Group’s total shareholder return from 1 January 2001 to 31 December 2016, which combines share price appreciation and dividends, was over 4,700%. According to management this ‘compares favourably to the FTSE All Share index (124%) and FTSE AIM All Share index (-31%)’. ‘Favourably’ under plays things somewhat!
It’s most recent trading update…
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