300,000% return from one of AIM’s elder statesmen…more to go for?!
Two of AIM’s elder statesmen issued decent results today. Both generate plenty of cash and excellent return on equity, manufacturing products that aren’t likely to become obsolete any time soon!
We have followed James Halstead (AIM:JHD), the AIM listed manufacturer and international distributor of commercial floor coverings, for over a decade. The latest interim results feature the now customary reminder of its heritage and the excellent returns delivered to shareholders over many years. Here is the latest offering: ‘The Company will soon reach another milestone in its history- seventy years as a publicly quoted company. James Halstead floated on the LSE on 4th May 1948. At float there were 700,000 shares of 10 shillings in issue and anyone who followed the buy advice of W I Carr (stockbrokers) in November…