Honest reporting from two of AIM’s high quality companies – more needed from others!
Many quoted companies like to focus on adjusted numbers, which generally hide a multitude of questionable adjustments. Thankfully, two of AIM’s more honest companies, from opposite ends of the age spectrum, continue to focus on nice clean numbers.
James Halstead (AIM:JHD), the commercial flooring manufacturer and one of AIM’s Blue Chips, issued a trading update covering the year ending 30 June 2018. We last covered the Group in our Premium Research here ‘James Halstead - staggering margins from this high class AIM Blue Chip’. Sales for the year were ahead of the comparative year, which management considers to be a creditable performance in difficult trading conditions; it’s worth remembering that last year was a record for the Group with sales of £241m. The failure of a German competitor encouraged the Group to undertake the largest ever re-vamp of…