Big sell-off brings Director buying!
It was good to see the senior management of several companies covered here take advantage of the lowly share prices to acquire shares in their companies. For one company in particular the purchases were significant as you can discover.
James Halstead: steady as ever! Flooring manufacturer and distributor James Halstead (AIM:JHD) reported results for the year to 30 June 2022. Revenue rose 9.6% to £291.9m but the underlying operating profit was down 0.4% at £51.1m as rising input costs took their toll. Reported profit was marginally higher at £52.2m due to the one-off effect of insurance pay-outs in respect of the breakdown of one of the major production lines at their Radcliffe manufacturing plant in September 2019. The second half of the year was a period of full production for their factories in the UK but also one of…